NewStats: 3,262,856 , 8,178,376 topics. Date: Tuesday, 03 June 2025 at 08:16 PM 2x4j2h

freeman67:



I do not know much about Opay so I will leave those with the knowledge to give a better explanation. However, I will like you answer find answers to the following questions..

1. What business/businesses are you they into?

2. Where and where do they operate?

3. Is recent government policies in their area of operations favouring them?

4. What will your own Investment be used for?

5. From your knowledge of their business can it provide such returns?

With answers to these, I believe you will have a clear path.

Thank u sire

Some people have time but don't have money eg the unemployed

Some have money but don't have time eg highly paid professionals, businessmen

Some people don't have time and don't have money eg lowly paid workers and most people in the rat race

Some people have money and also have time. Those are the financialy independent.



Having good health is very important. But having good good health might not give one a long life. If you don't have time and money. Other things like stress, hunger, depression,accident can kill a healthy man who does not have time and money in the cause of the rat race.

I had an in-law, who was diagnosed of diabetes and high blood pressure at the age of 38, but the man died this year at the age of 80 because of these resources time and money.

Your wisdom and experience is mind blowing, I salute!

emmanuelewumi:
Some people have time but don't have money eg the unemployed

Some have money but don't have time eg highly paid professionals, businessmen

Some people don't have time and don't have money eg lowly paid workers and most people in the rat race

Some people have money and also have time. Those are the financialy independent.



Having good health is very important. But having good might not give one a long life. If you don't have time and money. Other things like stress, hunger, accident can kill a healthy man who does not have time and money in the cause of the rat race.

I have an in law, who was diagnosed of diabetes and high blood pressure at the age of 38, but the man died this year at the age of 80 because of these resources time and money.

If you have good health, money and no time.

Sooner or later it will still come back to have a big toll on your health.

The most heart breaking story I heard this week. Someone shared how he bought a house in Lekki for roughly 60M in 2014.

The house is realistically worth maybe 30M naira today.

So he bought it for $390,000 in 2014. And it's worth about $70,000 today.

VALUE INCINERATION.

Pascopele:
The most heart breaking story I heard this week. Someone shared how he bought a house in Lekki for roughly 60M in 2014.

The house is realistically worth maybe 30M naira today.

So he bought it for $390,000 in 2014. And it's worth about $70,000 today.

VALUE INCINERATION.

What is the rental income currently generated by the property?

What was the rental income generated by the property in 2014?


What is the total rental income generated from 2014 to date?


What is the current value of the property?

Direct conversion into other currencies is not exactly as straight forward like that especially if the originating currency wasn't in USD.

Pascopele:
The most heart breaking story I heard this week. Someone shared how he bought a house in Lekki for roughly 60M in 2014.

The house is realistically worth maybe 30M naira today.

So he bought it for $390,000 in 2014. And it's worth about $70,000 today.

VALUE INCINERATION.

emmanuelewumi:



What is the rental income currently generated by the property?

What was the rental income generated by the property in 2014?


What is the total rental income generated from 2014 to date?


What is the current value of the property?

Probably a residential property. So, probably didn't generate any income.

Pascopele:
The most heart breaking story I heard this week. Someone shared how he bought a house in Lekki for roughly 60M in 2014.

The house is realistically worth maybe 30M naira today

VALUE INCINERATION.

The Property didnt generate any rent or it didnt have any rental value?

Grupo:


Probably a residential property. So, probably didn't generate any income.

How much did the owner save by not paying rents?

emmanuelewumi:


How much did the owner save by not paying rents?

People build residential properties for comfort,not rental income or some economic whatever.
A person can build a residence for 1 billion naira whose rental income won't yield 1 million a year.
It has nothing to do with economics.

I think you are right. Owning a home looks like sound economics but it is usually more of an emotional decision.

Theconglomerate:
People build residential properties for comfort,not rental income or some economic whatever.
A person can build a residence for 1 billion naira whose rental income won't yield 1 million a year.
It has nothing to do with economics.

Theconglomerate:
People build residential properties for comfort,not rental income or some economic whatever.
A person can build a residence for 1 billion naira whose rental income won't yield 1 million a year.
It has nothing to do with economics.

He can put a reasonable value on what he saved by not paying house rent

When I started working and I had free accommodation for 2 years. I made sure my housing allowance was deducted and invested in addition to 30% of my salary that I used to save.

ojesymsym:
I think you are right. Owning a home looks like sound economics but it is usually more of an emotional decision.

If that is the case the person who shared the information should not be concerned about how much the person lost.


Real estates are usually overpriced and the people marketing them know that in order to sell they appeal to the buyers emotions and not their rational thinking.

A rational Investor who bought the property for N60 million about 6 years ago, should have considered the ability of the property to generate a rental income of N4 million in 2014 and about N6 million in 2020.

emmanuelewumi:



He can put a reasonable value on what he saved by not paying house rent

When I started working and I had free accommodation for 2 years. I made sure my housing allowance was deducted and invested in addition to 30% of my salary that I used to save.

Well,not everyone will use this your model.
Many people who were even jobless will bump into a lot of money along the line of ther life.
They will just build a house without any financial plan whatsoever and it won't mean nothing to them.
So how does such a person use any kind of financial plan to achieve his house?
Not everything is achieved through planning,some are random.
A lot actually.

emmanuelewumi:



If that is the case the person who shared the information should not be concerned about how much the person lost.


Real estates are usually overpriced and the people marketing them know that in order to sell they appeal to the buyers emotions and not his rational thinking.

A rational Investor who bought the property for N60 million about 6 years ago, should have considered the ability of the property to generate a rental income of N4 million in 2014 and about N6 million in 2020.

There is no rationality when it comes to buying a residence.
That is why some people spend up to N100 million naira on bungalows to tastefully finish them.
Now if such a house is put up for sale,will you use your "rational thinking" to buy it for way less because it wouldn't generate sufficient rental income?
Residences are strictly emotional investments,you can't put rationality on that.
So if I put jacuzzi,pool,tennis court and marble you go come price am 10 million because you are being rational?
Na double barrel I go use chase the person off my property.

Theconglomerate:
Well,not everyone will use this your model.
Many people who were even jobless will bump into a lot of money along the line of ther life.
They will just build a house without any financial plan whatsoever and it won't mean nothing to them.
So how does such a person use any kind of financial plan to achieve his house?
Not everything is achieved through planning,some are random.
A lot actually.

Reason why less than 5% of the population is financialy independent, we work till we die at the detriment of our health and relationship with our loved ones.
Some earned big but have nothing to show after working for 30 years.


I listened to Tiwa Savage yesterday about the lockdown, she said most of her shows were cancelled, very few were postponed till after the pandemic.

She said what she learned from what happened in 2020, is the importance of Savings and Investment.

emmanuelewumi:



Reason why less than 5% of the population is financialy independent, we work till we die at the detriment of our health and relationship with our loved ones.
Some earned big but have nothing to show after working for 30 years.


I listened to Tiwa Savage yesterday about the lockdown, she said most of her shows were cancelled, very few were postponed till after the pandemic.

She what she learned from what happened in 2020, is the impression of Savings and Investment.

This had nothing to do with savings.
I didn't say people should not save.
A young man might be struggling with his business now and trying to grow it and making his 50k a month profit and managing life with it and his little savings.
Along the line,he might strike the right product,higher customer base or some good suppliers and start making a lot of money in a very short period of time.
Do you expect this man to use this your model to build his residence?
Isn't that the case of many people?
Also,I don't know any succesful person who is of working age that don't work for his money,not even Dangote.
So what are you talking about?

Theconglomerate:
There is no rationality when it comes to buying a residence.
That is why some people spend up to N100 million naira on bungalows to tastefully finish them.
Now if such a house is put up for sale,will you use your "rational thinking" to buy it for way less because it wouldn't generate sufficient rental income?
Residences are strictly emotional investments,you can't put rationality on that.
So if I put jacuzzi,pool,tennis court and marble you go come price am 10 million because you are being rational?
Na double barrel I go use chase the person off my property.

You can even spend N1 billion Naira on your residence, if it is neglible to your Networth it is nobody's business.

Dangote has a private jet currently valued at N8 billion, his dividend from Dangote cement in 2019 was over N200 billion. The private jet is less than 0.5% of his Networth.

Nothing stops people who have worked hard for their money from spoiling themselves once in a while.

So we should allow the man who invested N60 million on a property about 6 years ago be, even if he was emotional with the investment. Provided he is not telling anyone in 2020 that he regretted his decision in 2014 and now experiencing buyer's remorse

emmanuelewumi:



You can even spend N1 billion Naira on your residence, if it is neglible to your Networth it is nobody's business.

Dangote has a private jet currently valued at N8 billion, his dividend from Dangote cement in 2019 was over N200 billion. The private jet is less than 0.5% of his Networth.

Nothing stops people who have worked hard for their money from spoiling themselves once in a while.

So we should allow the man who invested N60 million on a property about 6 years ago be, even if he was emotional with the investment. Provided he is not telling anyone in 2020 that he regretted his decision in 2014 and now experiencing buyer's remorse

The owner of the property did not build his residence to profit off it rather to enjoy it and have his family in comfort.
Now tell me,why should it matter if it actually dropped in value?
It should only be a problem unless the owner bought it for speculative purposes.
It's like me buying a 2020 S class and start complaining after 10 years that it has lost value?
Isn't the value gained from the $120k car the number of heads it could turn throughout that period and the number of free girls it gave you plus the comfort the owner rides in?
That is what the buyer paid for,same as a residence.

Theconglomerate:
The owner of the property did not build his residence to profit off it rather to enjoy it and have his family in comfort.
Now tell me,why should it matter if it actually dropped in value?
It should only be a problem unless the owner bought it for speculative purposes.
It's like me buying a 2020 S class and start complaining after 10 years that it has lost value?
Isn't the value gained from the $120k car the number of heads it could turn throughout that period and the number of free girls it gave you plus the comfort the owner rides in?
That is what the buyer paid for,same as a residence.

That is why I said they should allow the man be, provided he is not currently broke and never said he regretted making that investment.
And now ready to sell the property below his purchase price.

We can only advise if he said he made a mistake.

Bros, I think it you yourself who said about 95% of our people do not have an investment mentality.
Many other people in your situation in that two years would have increase their clubbing lifestyle, increased their number of girl friends, go on expensive vacations, take loans to buy cars, take on responsibility that they are not yet ready to handle and many other innovative ventures that do not add value to their future.
My thinking is that once you a certain age, investment mentality becomes difficult to teach. In situations like that, your salary may be in millions, without an investment mentality, within 6 months of job loss, the person's standard of living drops so drastically that you begin to wonder if it is the same person.

My other thinking is that one reason many people steal when in positions of authority is because they do not know how to be initially frugal and invest in the future. If they come marry spouse when worse them, they will in turn produce non productive and consumer offsprings. It's just a cycle.

emmanuelewumi:



He can put a reasonable value on what he saved by not paying house rent

When I started working and I had free accommodation for 2 years. I made sure my housing allowance was deducted and invested in addition to 30% of my salary that I used to save.

I don't understand the confrontation at all, you and Emma are saying the exact same thing. No difference at all. Abi I non Sabi read again?

Theconglomerate:
The owner of the property did not build his residence to profit off it rather to enjoy it and have his family in comfort.
Now tell me,why should it matter if it actually dropped in value?
It should only be a problem unless the owner bought it for speculative purposes.
It's like me buying a 2020 S class and start complaining after 10 years that it has lost value?
Isn't the value gained from the $120k car the number of heads it could turn throughout that period and the number of free girls it gave you plus the comfort the owner rides in?
That is what the buyer paid for,same as a residence.

emmanuelewumi:



That is why I said they should allow the man be, provided he is not currently broke and never said he regretted making that investment.
And now ready to sell the property below his purchase price.

We can only advise if he said he made a mistake.

u both are saying actually the same thing.

ojesymsym:
Bros, I think it you yourself who said about 95% of our people do not have an investment mentality.
Many other people in your situation in that two years would have increase their clubbing lifestyle, increased their number of girl friends, go on expensive vacations, take loans to buy cars, take on responsibility that they are not yet ready to handle and many other innovative ventures that do not add value to their future.
My thinking is that once you a certain age, investment mentality becomes difficult to teach. In situations like that, your salary may be in millions, without an investment mentality, within 6 months of job loss, the person's standard of living drops so drastically that you begin to wonder if it is the same person.

My other thinking is that one reason many people steal when in positions of authority is because they do not know how to be initially frugal and invest in the future. If they come marry spouse when worse them, they will in turn produce non productive and consumer offsprings. It's just a cycle.

Actually most workers don't have personal savings and investments apart from the compulsory retirement savings .

Because they have not been investing while working, they try to play catch up with their severance package after retirement or retrenchment by investing in High Yield Investment Schemes but usually end up losing most of their funds to scammers.

emmanuelewumi:



We can't have it all, there are four major resources which we all need to have

Money
Time
Health
Relationship.

If you have the four you don't lack

Altbough if you have the first two you can acquire the other two and many more like knowledge, wisdom etc..

b

Starred

emmanuelewumi:
Some people have time but don't have money eg the unemployed

Some have money but don't have time eg highly paid professionals, businessmen

Some people don't have time and don't have money eg lowly paid workers and most people in the rat race

Some people have money and also have time. Those are the financialy independent.



Having good health is very important. But having good good health might not give one a long life. If you don't have time and money. Other things like stress, hunger, depression,accident can kill a healthy man who does not have time and money in the cause of the rat race.

I had an in-law, who was diagnosed of diabetes and high blood pressure at the age of 38, but the man died this year at the age of 80 because of these resources time and money.

Starred

ojesymsym:
I don't understand the confrontation at all, you and Emma are saying the exact same thing. No difference at all. Abi I non Sabi read again?

I wonder too

odimbannamdi:


I wonder too

He is a young man who enjoys unnecessary confrontations, hope he is not like that offline.

emmanuelewumi:



You can even spend N1 billion Naira on your residence, if it is neglible to your Networth it is nobody's business.

Dangote has a private jet currently valued at N8 billion, his dividend from Dangote cement in 2019 was over N200 billion. The private jet is less than 0.5% of his Networth.

Nothing stops people who have worked hard for their money from spoiling themselves once in a while.

So we should allow the man who invested N60 million on a property about 6 years ago be, even if he was emotional with the investment. Provided he is not telling anyone in 2020 that he regretted his decision in 2014 and now experiencing buyer's remorse

the dangote jet is ed under his aviation firm in London so the jets is been paid for by under hire by dangote industries limited ...it not for pleasure..it generate income , pay it pilots look for customers and make a profit....

ahiboilandgas:
the dangote jet is ed under his aviation firm in London so the jets is been paid for by under hire by dangote industries limited ...it not for pleasure..it generate income , pay it pilots look for customers and make a profit....

Smart man, who does not make emotional Investments.