Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

akinola98:


I understand you perfectly

If he plans to stay abroad for the rest of his life then Good luck . However, people living abroad still invested heavily at home for various reasons .

Remember I made an example earlier on of a guy that lives abroad but collects 17m in Naija as passive income yearly on FGN bond . This guy will collect this money for 30 years amounting to over 510m in total against an initial investment of 100m . The 100m was sourced from USA . Are u telling me if this guy decided to convert all the yearly coupon to dollars, he won’t make more than the initial invested dollars equivalent

akinola98:


I understand you perfectly

If he plans to stay abroad for the rest of his life then Good luck . However, people living abroad still invested heavily at home for various reasons .

Remember I made an example earlier on of a guy that lives abroad but collects 17m in Naija as passive income yearly on FGN bond . This guy will collect this money for 30 years amounting to over 510m in total against an initial investment of 100m . The 100m was sourced from USA . Are u telling me if this guy decided to convert all the yearly coupon to dollars, he won’t make more than the initial invested dollars equivalent

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

bamdexfarms:
My advise to you is very different from others. Being also a student in Germany since 2018, I have come to realize that no matter your resident status anywhere in the world, home is where the heart is. As a student, it is not mandatory to invest in Nigeria while studying but is is a very wise decision to take. Waiting until you get PR in Germany or Canada is like putting all your eggs in one basket. You can buy a plot of land in Nigeria and watch the value appreciate before you graduate!

Studying/working in Europe is not easy as many people assume. The system has been designed to take back a large chunk of your earnings (tax, health insurance/ bills etc) and you may be left with nothing to save. Also getting a PR does not guaranty that your income/savings will improve. Remember, after graduation, you will not be living in the subsidized student hostels anymore. There are lots of PR holders and citizens here that can barely get by with what they earn. Some can not go back home for a visit because they have nothing to show after staying for years in the Wets. If you invest early in Nigeria, your life will have a purpose here in the west. I know students who have real estate investments in Nigeria and they earn returns without breaking a sweat.

A wise investment in Nigeria may be your saving grace in case of emergency! Government policies in the West changes without notice and you need a solid backup at home! No investment is too early, only late investments are regrettable.

Unityroad:




Learn to read well before you type next time

golddust6000:
permanent stay doesn’t guarantee you permanent stay, in Germany if you travel out of the country for three months your permanent stay will be revoked, I urge you to invest in Nigeria while you are visiting Nigeria and Germany together.
Germany is a country where human right especially the immigrants doesn’t exist. Hitler is dead but his law lives.

Basalt:


You guys really need to be sure of information before posting. The bolded is totally false

COMPAQ:


I wonder if those returns in USD terms make sense? Eg in 2015 I had a house rented at N2.5mln, but then dollar was $/N200 so equivalent of me rent was $12,500. Today rent is N4mln, but at $/470 it is now equivalent to $8,500!!!

Bought land in Lekki N5mln in 2012 when Naira was $/N165 equivalent of $30k. Sold the land in 2020 for N18mln when $/N470 so equivalent of $38k. Not as much gain as the Naira profit would suggest. Why am I benchmarking against USD?

Reality is that all my major expenses of the future will be determined by dollars - buying a car, children's education abroad, international travel etc. Meanwhile if I had invested the $30k in 2012 at 6% and compounded it, by now i'd have $48k.

Unityroad:




Learn to read well before you type next time

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

DortmundGirl:
Save your money!!

According to Aufenthaltsgesetz (immigration law of Germany) to buy land or property in Germany doesnt guaranty a residence permit!

They can still ask you to leave the country despite having land or a house if you dont find job after studies unless you open a big company and invest a lot of money in Germany .

Good luck

golddust6000:
yeah, he should safe his money. German immigration law is the worst in EU. Your permanent residence in Germany can’t work or live in another EU country, but EU member state permanent residence can work in Germany.
Try and find way to have another European document, german document is not strong for immigrants.
You can easily be deported for slightest mistake.

GallantDuke:

She wants to show to us that she has vast knowledge about German laws.

Juliusmomoh:

Good day sir...
Can i use NECO result to study abroad ? ... Thank u

pansophist:


If he has a long term EU permanent residence permit from Germany, he can work in other participating EU countries.

optimusprime2:


Your friend has told you all you need to hear and all you need to know...
Because if you have said a home return is out of the question, then start giving yourself a stronger base over there, you can always get a land when you are properly situated...

I have a couple of questions for you;

1-How good is your German on a scale of 1-10?
2- would you like to stay long term in Germany?

I asked you those questions because if your answer to question(2) is yes, then you need to heavily and I mean "heavily" work on your German language skills, the moment you can rate yourself a 7 out of 10, you would not need IT skills/certifications to land your self a job in Germany... getting a job in Germany quickly, to a large extent depends on your German language skills. Infact once you have a German diploma and can speak German proficiently, you may not even need that extra 18 months, because you would most likely find a job before the expiration of your student Aufenthaltstitel.

Take note job hunting as a German diploma holder and German speaker, is not limited to Germany alone... Austria is well in the hoop too!

jajeri3216:


Let's assume he exchanged 100 mill at 390

With the inflation rate and historical performance, ill assume the naira will be around 2500 to a dollar in 30 years, if not higher.

He's total returns are 610 million over 30 years.

Now let's convert back 610 mill divided by 2500.

He'll have 244,000 dollars in thirty years, but he sent 256000 dollar's at 390.


I'm going based on how Nigeria has treated us so far, plus the fgn bonds are no longer 17 percent, rates have been cut.

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

Juliusmomoh:

Good day sir...
Can i study outside nigeria using NECO result ? ... Thank u

golddust6000:
thats not true.
If you are a student, refugee, or you fake to Germany through work visa, if you have long term German permit you can’t live and work in other EU country.

But if you are married, have kids in Germany while you were legally reside in Germany then your long term will permit you to work in other member state.

I worked with immigration in Poland as my internship. Nothing you can tell me about residence permit I don’t know.

akinola98:


I mentioned earlier in my post that rate has gone down but with good capital, u can still invest in some investment instruments to stay very afloat

It is only a fool or amateur that will wait till end of the tenor to start converting his money back to dollars ( if that’s is the investor primary motive) . Coupon may be converted back to dollars yearly as when collected so this will edge off a lot on inflation...... so the 610m by 2500 will not apply ( remember your 2500 is speculative- it could be more or less, no one knows what it will be in 30yrs)

Most people that invest in such long term are not converting their money back to dollar but using the fund to re-invest or buy properties, shares, maintaining families at home etc thereby increasing their wealth ... which is the reason I disagree with u that Nigeria investment makes u poorer .

pansophist:


Germany is a participating country in the list of countries that issue "long term resident permit" base on directive 2003/109/EC. Anyone with a German long term permit can work in other participating countries. If you truly works in an immigration house as you claimed, this should not be novelty to you.

Anyone that have a permit residence permit can apply for it, provided that they have sufficiently integrated and can demonstrate it by passing their German language exams.

themaestro08:


Great comment. In addition, plus Switzerland and Liechtenstein.

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.



What do you guys think. I need opinions

Basalt:


Brother, I am not the cause of your frustration biko.
Shift one side

egobetao:
@Basalt...this is my advise to you and even steps i recommend for you to take

***Pre requirement{- Stay extremely focused on your mindset, goals and your study and get your permanent residence immediately)***
1. find a good place of worship where you can worship on Sundays and also serve for 1hr every week
2. Take a long walk for 30- 45 mins when you are free and think of your best life situation.Ask yourself questions like what,why on country you would like to live,what specific kind of job you would like, what kind of life, what are your dreams etc...( you get my drift: what , where, how, why,how when etc)
3. once you get home write down all that you thought about and all the answers. then create 3 groups- today ( 1-6 months)- short term, 6-24 months (short term), 3 to 8 years (long term)
4. Print this and keep it on your wall and on your phone with daily reminders ( This is your vision board)
5. Research trades like painting, plumbing, electrician, construction etc. Choose one and invest in yourself by acquiring this skills either night school etc) Join Quora, Reddit nairaland, etc and spend 1 hr daily learning
6. Continue studying hard and commence networking and making friends with diverse people..preferable with immigrants or children in your community. Be friendly and have an open mind...ask questions from your new diverse friends..Continue your work hustle and stay focused.
7. Start creating a budget based on your earnings and keep trying to increase your earnings. 5%= Food .20% = Living expense 50% = savings10% = Offering
8. Save up and buy the land . Think of how you can create additional income streams
9. Plan ahead and revisit your vision board after 1 month and make adjustments
10. Keep increasing your earning by adding more side hustles with income generating assets e.g. buy a van for delivery or Watch you tube and learn how to paint. Advertise online as a painter.
11. Visit the library once a week and read books on financial literacy. 2 books a month (Rich dad, poor dad; millionaire next door,millionaire roadmap, millionaire landlord)
12. By 8 months of doing this you would have a clearer vision and would be able to make better decisions and navigate better
13. Start applying for volunteer and internships 3 months before your course is finished
14. Start your own side trade business while applying for jobs in your field
15. 1 year before your visa expires..start making plans for your next step..Apply to express entry canada or uk or usa or south africa
16. invest in real estate in any where you find your self
17. Open your eyes along the journey and look for a female partner who is God fearing and has similar mindset wo you can marry. She would help you build.
18. Build that property in 9ja over 3 year time frame( 3 or 4 flats)
19. Be kind and keep being positive despite challenges that would come your way along the journey..learn from it and move on.Help people as you grow