₦airaland Forum

ahiboilandgas:
why not i was saving 100 percent of my monthly income when i was working ,i notice my investment like rents and side hustle can cater for all my needs ...it took some years to achieve....when tb was 18.5 ...a single investments of 20m can take me 365 days ....

bidosko:
i always wonder too how inflation rate works, because people complain that making 10% a year is still a negative rate as a result of inflation.
Most product or service do not increase their price yearly

ahiboilandgas:
nice ...but u want money too ....less than 0.1 of Nigerians can have 1bn in there life time ....so u like money too ...

Barrytone:
In response to quotes: my Tbills investment is solely savings to arrive at a certain targeted figure then I move them to bond and then repeat same process. Planning to commence bond investment Q1 of next year. I hardly have the 50m cap at hand when opportunity unveil as I have several smaller amount in treasury bills. On my source of income, so far I have only two being salary and Tbills interest but hoping to do bond from next year. I have decided to leave out my properties as there are not profitable and can only cater for few drinks. On why am not into biz, simply I can't monitor them as I wish. 2019 April I invested 1.1m on a young man to acquire mini bus and return my money in 18months. Yesterday I invited him over for account balancing and realized he just paid 490k in over a year. That can't be my biz, not ready and don't have time for fights. My target for now is to have a working capital of 1b naira then retire from my salary work. From my calculations this will be achieved by my year 55. No matter the value of naira then I bet shouldn't be 50% less from today's value. All I need is sustainability, change car every 3 years, maintain my house, pay domestic staff, have enough for health care when needs arise and cater for the needy in my little way. 1b at 10% is about 8m monthly and if value is half then am looking at 4m of today's value. With 4m monthly presently, I can live that live I so wished. I do not intend to go looking for more money as am busy planning my dead and really don't care what happens after am gone. how long do we think a 55yrs old man will survive. Those remaining years are for groove and not hustle. I can't be dangote that is building refinery at his age. My activity stops at 55, I just want to breath and not own money that might become useless to me yet useful to generation unborn. I hustled mine from the scratch, they will inherit my 1b capital and that's all. As it stands today, if I loss my job, my investment is capable of paying me same salary am receiving as it stands. There is amount of money you get and it just keep going up without doing a thing. On the 4% Tbills "savings" plan, with huge capital, you wouldn't feel the low rate hence those guys with billions keep over subscribing. They wouldn't risk their billions on this naija economy. All they do is recycle the billions. So even at 1%, its still over subscribed.

bidosko:
i always wonder too how inflation rate works, because people complain that making 10% a year is still a negative rate as a result of inflation.
Most product or service do not increase their price yearly

HRSupport:
Learn how to invest in treasury bills safely to avoid investment pitfalls.

Barrytone:
In response to quotes: my Tbills investment is solely savings to arrive at a certain targeted figure then I move them to bond and then repeat same process. Planning to commence bond investment Q1 of next year. I hardly have the 50m cap at hand when opportunity unveil as I have several smaller amount in treasury bills. On my source of income, so far I have only two being salary and Tbills interest but hoping to do bond from next year. I have decided to leave out my properties as there are not profitable and can only cater for few drinks. On why am not into biz, simply I can't monitor them as I wish. 2019 April I invested 1.1m on a young man to acquire mini bus and return my money in 18months. Yesterday I invited him over for account balancing and realized he just paid 490k in over a year. That can't be my biz, not ready and don't have time for fights. My target for now is to have a working capital of 1b naira then retire from my salary work. From my calculations this will be achieved by my year 55. No matter the value of naira then I bet shouldn't be 50% less from today's value. All I need is sustainability, change car every 3 years, maintain my house, pay domestic staff, have enough for health care when needs arise and cater for the needy in my little way. 1b at 10% is about 8m monthly and if value is half then am looking at 4m of today's value. With 4m monthly presently, I can live that live I so wished. I do not intend to go looking for more money as am busy planning my dead and really don't care what happens after am gone. how long do we think a 55yrs old man will survive. Those remaining years are for groove and not hustle. I can't be dangote that is building refinery at his age. My activity stops at 55, I just want to breath and not own money that might become useless to me yet useful to generation unborn. I hustled mine from the scratch, they will inherit my 1b capital and that's all. As it stands today, if I loss my job, my investment is capable of paying me same salary am receiving as it stands. There is amount of money you get and it just keep going up without doing a thing. On the 4% Tbills "savings" plan, with huge capital, you wouldn't feel the low rate hence those guys with billions keep over subscribing. They wouldn't risk their billions on this naija economy. All they do is recycle the billions. So even at 1%, its still over subscribed.

Barrytone:
In response to quotes: my Tbills investment is solely savings to arrive at a certain targeted figure then I move them to bond and then repeat same process. Planning to commence bond investment Q1 of next year. I hardly have the 50m cap at hand when opportunity unveil as I have several smaller amount in treasury bills. On my source of income, so far I have only two being salary and Tbills interest but hoping to do bond from next year. I have decided to leave out my properties as there are not profitable and can only cater for few drinks. On why am not into biz, simply I can't monitor them as I wish. 2019 April I invested 1.1m on a young man to acquire mini bus and return my money in 18months. Yesterday I invited him over for account balancing and realized he just paid 490k in over a year. That can't be my biz, not ready and don't have time for fights. My target for now is to have a working capital of 1b naira then retire from my salary work. From my calculations this will be achieved by my year 55. No matter the value of naira then I bet shouldn't be 50% less from today's value. All I need is sustainability, change car every 3 years, maintain my house, pay domestic staff, have enough for health care when needs arise and cater for the needy in my little way. 1b at 10% is about 8m monthly and if value is half then am looking at 4m of today's value. With 4m monthly presently, I can live that live I so wished. I do not intend to go looking for more money as am busy planning my dead and really don't care what happens after am gone. how long do we think a 55yrs old man will survive. Those remaining years are for groove and not hustle. I can't be dangote that is building refinery at his age. My activity stops at 55, I just want to breath and not own money that might become useless to me yet useful to generation unborn. I hustled mine from the scratch, they will inherit my 1b capital and that's all. As it stands today, if I loss my job, my investment is capable of paying me same salary am receiving as it stands. There is amount of money you get and it just keep going up without doing a thing. On the 4% Tbills "savings" plan, with huge capital, you wouldn't feel the low rate hence those guys with billions keep over subscribing. They wouldn't risk their billions on this naija economy. All they do is recycle the billions. So even at 1%, its still over subscribed.

niyoni:
Not a bad one Sir. However, you may want to put up a trans-generational wealth plan in place, even if indirectly through trusts.

1 billion naira is huge but it can easily be mis-managed by an inheriting generation that didn't work for it, and with no knowledge to grow or at least preserve it. You wouldn't want to have a life of comfort and have generations after u living a lesser life.

topsquino:
Wow!

Experience, they say, is the best teacher

I understand where you are coming from.

And I wish I could adopt your philosophy.

But what's the essence of living life without challenges?

I have so many 3% but ugly investment. I keep saying them here. I started Tbills in 2017 before then I was an expert in properties. Buying and selling is a no no as I don't have time for supervision.

I feel it is somewhat boring.

How about using a miniscule (let's say 3%) of your income to take risks?

topsquino:
Wow!

Experience, they say, is the best teacher

I understand where you are coming from.

And I wish I could adopt your philosophy.

But what's the essence of living life without challenges?

I have so many 3% but ugly investment. I keep saying them here. I started Tbills in 2017 before then I was an expert in properties. Buying and selling is a no no as I don't have time for supervision.

I feel it is somewhat boring.

How about using a miniscule (let's say 3%) of your income to take risks?

olujaidi:
I gather GT is rationing dollars now to $1.5k. can someone please confirm?

pluto09:
I don't understand your question.
If you are talking about limit, I think it is now $500 per month. Same with zenith and fbn.

Barrytone:
My concern is my life, when am gone its over. I raised it on my own and expect my kids to do better because am giving them a better foundation. I owe my kids a good education to PhD in the best schools in the world. Their success is in their hands. My 1b will be left with instruction that will only enable them access the interest and not the capital. My grand children can't even touch it. Generally, I don't care what happens after am dead. My plan is to live a good second half of my life as growing up was hectic. Can't loss it on both halves of life.

Godbpraised:
Guys una well done una sabi when international flights resume for Nigeria. This wey E.U don block flights from Nigeria.

olujaidi:
Latest NTB results

Barrytone:
In response to quotes: my Tbills investment is solely savings to arrive at a certain targeted figure then I move them to bond and then repeat same process. Planning to commence bond investment Q1 of next year. I hardly have the 50m cap at hand when opportunity unveil as I have several smaller amount in treasury bills. On my source of income, so far I have only two being salary and Tbills interest but hoping to do bond from next year. I have decided to leave out my properties as there are not profitable and can only cater for few drinks. On why am not into biz, simply I can't monitor them as I wish. 2019 April I invested 1.1m on a young man to acquire mini bus and return my money in 18months. Yesterday I invited him over for account balancing and realized he just paid 490k in over a year. That can't be my biz, not ready and don't have time for fights. My target for now is to have a working capital of 1b naira then retire from my salary work. From my calculations this will be achieved by my year 55. No matter the value of naira then I bet shouldn't be 50% less from today's value. All I need is sustainability, change car every 3 years, maintain my house, pay domestic staff, have enough for health care when needs arise and cater for the needy in my little way. 1b at 10% is about 8m monthly and if value is half then am looking at 4m of today's value. With 4m monthly presently, I can live that live I so wished. I do not intend to go looking for more money as am busy planning my dead and really don't care what happens after am gone. how long do we think a 55yrs old man will survive. Those remaining years are for groove and not hustle. I can't be dangote that is building refinery at his age. My activity stops at 55, I just want to breath and not own money that might become useless to me yet useful to generation unborn. I hustled mine from the scratch, they will inherit my 1b capital and that's all. As it stands today, if I loss my job, my investment is capable of paying me same salary am receiving as it stands. There is amount of money you get and it just keep going up without doing a thing. On the 4% Tbills "savings" plan, with huge capital, you wouldn't feel the low rate hence those guys with billions keep over subscribing. They wouldn't risk their billions on this naija economy. All they do is recycle the billions. So even at 1%, its still over subscribed.

emmanuelewumi:
With N10 million and below, you can buy bonds on the secondary market

OgogoroFreak:
Mouth!

What kind of business would you do with the billions to yield billion Naira returns?

ojesymsym:
Save 25%? Some people go fight you here o

talk2tonie:
Where can I get bond with this amount?. FBNQUEST merchant bank had informed me earlier today that to open an account with them is 50m for secondary market bond as per new guidelines from CBN since it’s an investment bank.

MrTour:
Do you mean cash withdrawals at the bank?

DexterousOne:
25% is very doable

All you need is a realignment of your finances

To determine what is important and what is not.


But it will be a bit more challenging for a family man with kids

Barrytone:
In response to quotes: my Tbills investment is solely savings to arrive at a certain targeted figure then I move them to bond and then repeat same process. Planning to commence bond investment Q1 of next year. I hardly have the 50m cap at hand when opportunity unveil as I have several smaller amount in treasury bills. On my source of income, so far I have only two being salary and Tbills interest but hoping to do bond from next year. I have decided to leave out my properties as there are not profitable and can only cater for few drinks. On why am not into biz, simply I can't monitor them as I wish. 2019 April I invested 1.1m on a young man to acquire mini bus and return my money in 18months. Yesterday I invited him over for account balancing and realized he just paid 490k in over a year. That can't be my biz, not ready and don't have time for fights. My target for now is to have a working capital of 1b naira then retire from my salary work. From my calculations this will be achieved by my year 55. No matter the value of naira then I bet shouldn't be 50% less from today's value. All I need is sustainability, change car every 3 years, maintain my house, pay domestic staff, have enough for health care when needs arise and cater for the needy in my little way. 1b at 10% is about 8m monthly and if value is half then am looking at 4m of today's value. With 4m monthly presently, I can live that live I so wished. I do not intend to go looking for more money as am busy planning my dead and really don't care what happens after am gone. how long do we think a 55yrs old man will survive. Those remaining years are for groove and not hustle. I can't be dangote that is building refinery at his age. My activity stops at 55, I just want to breath and not own money that might become useless to me yet useful to generation unborn. I hustled mine from the scratch, they will inherit my 1b capital and that's all. As it stands today, if I loss my job, my investment is capable of paying me same salary am receiving as it stands. There is amount of money you get and it just keep going up without doing a thing. On the 4% Tbills "savings" plan, with huge capital, you wouldn't feel the low rate hence those guys with billions keep over subscribing. They wouldn't risk their billions on this naija economy. All they do is recycle the billions. So even at 1%, its still over subscribed.

emmanuelewumi:
Marriage should be a merger between two friends and partners who are interested in the success of the other party and the union.

If that is the case they will combine resources to make a success out of the symbiotic association