₦airaland Forum

UselessBuharist:
Joke of the century, if he decides to attend no government will do anything to him. OP please be clear with your headline. Which government

Let him attend na ...you guys like hyping😆, if you are strong you show it, when China threatened Pelosi, she still travelled to Taiwan and nothing happened. Putin should prove it for once

QuinModah:
A woman’s first marriage is for love. Her second marriage is for money. They, in time, learn love don’t pay the bills. Really what they learn is that after having a home and kids you also want nice cars, nice clothes and luxury vacations.

Three things rich men can provide and middle class men cannot. You get one life (women know this better than men and squeeze life for at that it is worth, they squeeze men for all they are worth in the process too), if you had the option to live rich or poor which will you pick? Duh, rich. Money solves all your problems. You are never late on your bills. You eat good food. You take luxury vacations. it is nice when you can afford anything your heart desires. My God if your an adult and your living a life below the means you desire, that is just awful. Of course you need to be doctor or lawyer to make good money. And not everyone is a doctor or lawyer or can be one. Thereby, turn to entrepreneurship which involves a lot of sacrifices. The work involve in being rich is long and hard. This is why women turn to rich men who can give them this without themselves doing the work

Hope this help.

This is not true but I resist the urge to shalaye

Zigzagman:
this is hard to follow.

It is very simple, if I want to know the real you I will only observe how you treat people around you, especially those below you. You cannot disrespect people and then respect me because I am your man, one day that breakfast go reach my table

004gist:
we are not arguing about passive or side income or main income. even at that, 80% to even 90% of those building houses are either working 5 to 9 or running businesses where they get inflows to finance such capital project.

I have issues with that statement that building a house is a liability. do you know what the term liability means. let's not confuse our self please.

Finally I still maintain that having a house is necessary in fact is one of the basic need of man which falls under shelter.

I never said a house is a liability, however, your house can be a liability if you borrowed to build the house. For instance if you borrowed 20m to build a 50million house, your equity in the house is 30m and your liability is 20+interest. Asset= liability+equity.
Now back to our previous argument, inflation in Nigeria is about 22% hence if any investment is not giving you a margin above that figure you are just playing around, cos every rate is derived from your inflation rate

004gist:
oh you have JAPA?
Why didn't you start a line of business in Nigeria while take the easy way out

I did not Japa, I have a business in Nigeria, you can have rent as a passive income, you can also use it to diversify your portfolio. Having rent as your major source of income definitely means that you will not play up there, you will only be average. What is 4m a year from an over 60m investment? If I hire you as an analyst/trader and you tell be that you will make me 4m from a 60m pot annually, you are fired!

004gist:
I will like to see the book you have authored and also where did you school
your teacher must have done a poor job by making you believe that owning a house is a liability.


if this is all you could put up there in defence that house is a liability then I will say I doubt if you studied any course related finance let alone being financial analyst.

investing in a house, lands remains one of the safest form of investment that appreciate over time.
we have seen stocks fail, we have seen businesses crumbled due to bad economic policies or upward or downward movement of an economics cycle (business cycle) but houses, land remain will remain strong in value and its even regarded as one of the first three factors of production in economics... if you ever taken any courses in economics.

most successful businesses you see today even banks are finance through debt financing.. even the dangote refinery.

that you get a 6% annual profit from an investment of 60m with 99.9% security is no bad thing...

I know youth of today are so lazy and want to make quick money.

there is a thread I opened up few weeks ago about a land I want to sell... its price is 7m but just two years ago I got it for less than 4m and there are many at my disposal like that.


Please don't look at things with a bet9ja reasoning... life is slow and steady else you crash out.

even there was a time i had this same reasoning of urs when I was awarded some millions by Goodluck Jonathan regime and use all funds into my business without following strict instructions to get a land first.

where is the business today.. it grew up and fail at some point...



there is a man in my street... he detailed me on how he went to China to buy machinery to print wedding cards of some sort. expensive machines worth millions and he started production to the point that he work day and night. that is he employed workers for day time and another for night shift just to meet demand.

then all of a Sudden some people went to China to meet this Chinese to get them the cards produced in China and import it directly to Nigeria and at the end it was cheaper to import from China than produced in Nigeria.

The business failed and he sold all the machines at give away price... I mean as scrap cos no one will buy it.

used the money to complete the house he started.

why do you think dangote use government means to ensure that competition, ban on importation of goods he produces are strictly banned?

You are still not getting the point, Firstly I started my career in banking, switched to PWC, left there for P&G, and then Airtel before leaving Nigeria for consulting. I have my MBA in Finance and I have passed both the CFA level I &II, I am a chartered accountant (both ACA and ACCA). If you have 60million and your thought is to build a house and start getting rent...you are still not smart 😞

004gist:
You don't draw your conclusions from just one person you don't know his inner details. please leave motivational speaker.

am an economist and we are thought houses are fixed assets.

do you know how many business has collapse?
for an example. there is this uncle of mine who trades and import from China. he import over 5 containers from china at a goal. he was big.

Do you know what? he failed to buy properties and only had few shops about 3 in the plaza .
there was a time someone travelling brought landed property that is located in the heart of the city to buy at a give away price... few million... either 2 million or thereabout and the house has a foundation of a storey building. but he refused. that he can buy n build any time he likes . this was in the early 19190s when money has value.

today where is the business? all gone. Obasanjo came and blocked everything and importing became expensive and little gain was earned and there was a point they sized his goods n released them but when released... the seasons for the product had passed. he auctioned.

right now he is struggling to pay for his rent in Lagos, he told me that his total debt owned to home by his customers from East, West are running into 60 million naira. this debt are not what collapsed him because then it was a chicken change.


now his children are all blaming him for not investing in a building that could help the family.



House is not only an asset but a security. do you know how many houses the Jim you mentioned about had in the 19190s before venturing into banks?

successful business men I have seen in the East started acquisition of properties... name it... land, shops in plazas, filling stations, hostels building n buying of shops n plaza etc... they banked their money there knowing that a rainy day is coming.


if you own a 3 storey building now with which 60 million you can build it can yield you over 4,000,000 per year which is over 6.5% plus and thus business never dies and it remains for over 100 years because a house according to my engineer should last nothing less than 100 years.

I am a financial analyst, and as an authority in finance, I will tell you that building a house is the laziest form of Investment. With your 60million as at today, you will not be able to tasteful furnish 6 semi detached block of flats on a single storey building. That is excluding the cost of land. Now let me enlighten you again, getting your rent may also come with litigation because there Will be risk of default in rent. There are risks everywhere. But if someone gives you 60million today and your thought is to build a house with it to collect rent, then you are not smart. Rent is a passive income and the big boys in the real estate sector don't build to rent, you build to sell. Let me not bore you much have a nice day

004gist:
hmmm why say a house is a liability?
Where are you guys learning this from? which investment analyst gave you that advice? is he certified or just a tout?

a house is an asset , which can give you future economic benefit.

and most people I have seen in my first place I built in South East state are either keke drivers or there about. and they slowly built this house over years.. standard houses.


The benefits of owning a house is enormous.

the first house I built. I only had 200k cash at hand and few blocks. that's how I started n with time in 3 years it was completed. it's one of the best decisions I have taken because it gave me a huge leap.


since he said skills then I suggest learning python, sql, machine learning etc this are great n in 2 years he will be a pro

let me enlighten you a little, in 1990, Jim Ovia incorporated Zenith bank and started it with 20million naira while Shina peters in that same year acquired properties worth over that amount. They both ventured into business....where is Shina peters houses and how have the buildings appreciated? Zenith bank is the most profitable financial institution in Nigeria today and until the world ends, Shina peters will never be able to lace the shoes of Jim financially

Freshtruth:
You should be thinking of Business not skill your 4 months salary we set me for life bro abeg add me for watapp make I advise u sir

this is not true how can 450*4 set you up for life?? Share your plans abeg

Akalia:
Baba if you get 10m then you no get problem. Just 2m can start me a growing empire.

story

Emir8:
Oh God! It's in the nature of all Nigerians to exploit others when having the opportunity. The Buhari govt claims that they are paying 255 naira subsidy on every litre. When that is removed, a litre should be about 395 naira but exploiters have increased it. We shall survive

Basic economics, at 255 how much was the exchange rate? Have you forgotten you devalued the Naira? That is some of the effects

Jennyclay:
I learnt that the OceanGate CEO is a very stubborn man that doesn’t heed to his worker’s advice. He’s so hardened that he don’t even employ workers above the age of 48 years just because he don’t want to heed to elderly advice.

Before they went on that journey of no return, one of this workers advised him that the submarine isn’t standard enough to go beyond 5,000 feet not to talk of 12,500 feet, but he didn’t listen, he even sacked the said worker. Now he’s gone despite all the sophisticated hypes and brags.

Well, I really felt for them because they are billionaires. Assuming they were broke men I don’t think I’ll be so concerned about the catastrophic implosion

The type of poor home you might have emerged from seems to me it might be the hereditary and chain type. Hang! On you might break the chain and upset the gene

Confess your sins one unto the other and it shall be forgiven. Na so bible talk am. Yes we Catholics still do and yes I still go for confession. Now mind your business

deeva2:
South South has produced President, Vice President, Senate Minority Leader, deputy senate President and now senate President.

South East has produced Elu Pee, and online/Twitter president.

He deceived his people and destroyed their stake both in PDP and APC.

With all the production has it made everyone from south-south live a better life? After 8 years are there not still extremely poor people in Daura where Buhari came from? The day you realize that tribe and ethnicity has nothing to do with governance then you will be free

arejibadz:
once cbn confirm this news expect black market rate to drop, so if your saving in usd make sure you watch out for this

you don't understand FX market, once this News is confirmed dollars dey hit 900

morikee:
Wow i love snow by God Grace i shall experience it in my life

You will dislike it when you experience it, it is only beautiful in photographs. When it melts everywhere becomes messy and your car brakes will not be effective hence your vehicle can skid off road, one time I almost had an accident in Aberdeen when I applied break on a downhill road leading to a junction, I almost got bashed by a bus.

Nothing Lasts

Or11:
There's something called a warning which is what you could have told her. Try this stunt in a developed world and watch her sue you.

During probationary period either party can terminate the contract without prior notice

TimmyTen:
Most cases wife’s are to blame, they deprive husbands of s*x for months over minor misunderstandings

This is not true, truth is Men are polygamists but society is trying to pressure us into monogamy.

maivd:
Start the war we are ever ready but I need you to swear one oath """"never run"""

Now you are changing the narrative

maivd:
Tell that to the 3 million souls that died, and oh remind them that the instigator of the war left them in the hands of the enemies,who saw compassion on fellow humans and integrated them back into the union,and if you feeling like laying down innocent souls again we are always ready.

wether 3million or 5millon we all die... Over 18 million Soviets died defending Stalingrad.... hundreds of thousands are already dead in Ukraine. We all live to die it is just a matter of time...no one is getting out alive both the victors and the vanquished

luminouz:
To run away is no shame but to beg is a shame?

*Logical thinking left the chat*

The fact that you can run when surrendered without being caught shows you are the boss

jamesversion:
Yeah, you guys are right. Ojukwu was also a coward as far as the definitions goes.

Maybe Nigerians generally are cowards. That is why the government can decide to squeeze the life out of her citizens and everyone will keep mute.

Naaah in a war you either lose or win but when you lose never allow your enemy to capture you, if you cannot abscond you commit suicide. Ojukwu rebelled and ranaway. Remember Trump told McCain he wasn't smart that was why he was captured. Even the Nazis ranaway when the war wasn't in their favor. But to beg on your knees on National TV is a shame, even Mamman Vasta couldn't do it and he took the bullet like a man after several attempts to escape didn't work

maivd:
But ojukwu ran away in female clothes,left his people to die and beg to come back to Nigeria.

It is better to rebel and runaway than to go on your knees and beg your juniors, then on National Tv to beg your Master I will rather disguise and abscond

azadus18:
Two of the most powerful people in the world

Ordinary Taiwan province China cannot invade? Who are they scared of?

IyaebeTheGreat:
We are all hypocrites in this country if we want to truthfully apply it’s meaning. Politics is a game and the best gamer has won

Yes it is a game but ask yourself who is the true winner in all this? I was angry when the Igbos were celebrating IPOB and the North were celebrating Boko Haram until those guys turned on them. Today you maybe indifferent what about tomorrow? Yourself and your children may have political ambitions tomorrow to challenge the status quo of your environment but they will be labeled Omo ale because they think differently. I know you are not a tout or a hooligans but allowing hooligans dominante and influence is dangerous, because you feel it is in your interest. The aftermath or indifference we show today may hunt us or our kids tomorrow. I voted Ambode, I voted Sanwo olu because he is a visionary leader but I have strongly condemned hooliganism. Politics is about ideas not domination and intimidation and violence....we should all remember that tomorrow you maybe be the one to think differently and the guillotine that was used to severe the head of others will be waiting

ttaiwo09:
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Pityoobi:
Na maggot full you brain, OPonu omo irankiran, odale omo ale Oloriburuku.

At the end you don see say you no get sense? Now get lost

Pityoobi:
Oloriburuku Omo ale, what has Muslim Muslim ticket got to do with taking religion to churches, and bastardizing it. Was this the first Muslim-Muslim ticket in Nigeria? Abiola and Kingibe were Muslims. What has your present VP who was a Christian and even a pastor done to promote Christianity? Werey go dey find useless reason to be foolish together with your principal.

Oloshi how did Abiola and Kingibe end ....Ode oshi

yarimo:
Mumu man go and get councilor form and test your popularity before coming to contest for governor

like Ambode did? Oloshi