NewStats: 3,263,754 , 8,181,282 topics. Date: Saturday, 07 June 2025 at 06:06 PM 204ta

How many Christianity denominations have you attended before coming this conclusion?

The fact that you called J.W a religion is enough to doubt the credibility of your accersion

Why always heavy makeups

Scam


Few tips

1...Google search the name of company to check they are legit

2...Check the phone number of the sender(081.....) Google search it. If it doesn't relate to the in the company's on their website... Red flag

If care is not taken, this is the moment people will loose their capitals to fake/unsafe investments while finding alternative to TB.

Advice to investors, please research and ask questions before you invest your funds....

TB rates are now fast becoming Fixed deposit rates....

Investors, Which way?

Someone is battling with his life and you are asking rubbish questions. Nobody even looked at his direction.


Most times, I agree with the white..

Majority of Africans are monkey...

alpontif:
I have been saying this exact concept for years to Famil/friends, but I have realized over time that they take such information wrongly, apart from thinking you are stupid, they will think some spiritual forces are preventing you from owning your own house, they never understand..and those of them that have already owned houses think you are insulting them.

It is also the reason a lot of people live average lives and never become wealthy. They might be rich, but they can't afford to stop working, hence they never become wealthy.

The house you live in is not an asset, since you will not sell it under normal circumstances, we call it dead capital. It is not producing any income for you, nor can you benefit from selling it if land values should increase, because, , it is your house....so you can't sell it.

What people who become wealthy (and this is why I greatly love and ire Igbo men, though I am Yoruba) do is that they save up money to establish Cashflow businesses, they will then keep on managing and saving up to establish more cashflow businesses .

These cashflow businesses will be generating income, which is saved up and then invested in ive investments like TB, Bonds, plots of cheap land all over the place, student hostels, lockup shops etc.

The income from investments initially is not as much as cashflow businesses, but it is ive and do not require active management, so as the money is coming from their cashflow businesses, they are putting it in ive investments, gradually, until it comes to a point when the yield from their ive investments can cover their yearly living costs.

At that point, they will now start putting money in non assets like their own house, and may even decide to retire, without ever working in their life again.

To illustrate this point, let us assume you do a business and just hit twenty million, or you saved up twenty million naira.

The first instinct of a typical Nigerian is to show he has arrived by buying cars and building a house, the instinct of someone who wants to be wealthy is to establish a cashflow business.

Let us assume you want to be wealthy, so what did you do?

You imported a haulage truck for five million naira, opened a paga shop with three hundred thousand, established a block industry with one million, opened a shop in a market to start selling provisions with one million, opened a small buka with five hundred thousand...everything at a total cost of seven point eight million. You now bought dollars worth eleven million, then used half of it to buy Tbills, and fixed the remaining in your dorm . You want to be running your life with the one point two million that remains.

You have just established a cashflow business.

Your haulage truck will produce money every week, you set aside a sum to recover the cost of the truck and send the profit to a special every week......say fifty thousand weekly

Your paga shop will produce money every day, you set aside part of it to recover the cost of establishing the business and send the profit to a separate daily......say two thousand daily...fourteen thousand per week

Your block industry will produce money every week..........same process........say fifty thousand weekly

Your provisions shop will produce money every day......same process........say ten thousand daily.....sixty thousand per week

Your small buka will produce money every day.........same process......say ten thousand daily....sixty thousand per week

Your tbills is producing money...keep it there

Your dollars is protecting you against inflation .....keep it there

Money is entering from all directions, that is cashflow.....in other words, you have a very high liquidity.....this means that you can have access to reasonable amounts 0f money at any time for you to take advantage of opportunities.

So, as these businesses continue to grow, you keep expanding them, and opening more branches, piecemeal, gradually.

Assume you open this businesses forty weeks in a year of fifty two weeks,

Per week, you are making two hundred and thirty four thousand naira

Forty weeks total Nine Million, three hundred and sixty thousand naira.

And that is after you have removed the seven point weight million you used to establish the businesses, you will still have nine point three ,million as profit.

On just single branches.

The more you expand, the more money you make, the more liquid you become, to the point that if any opportunity comes up that requires cash, you won't be running up and down looking for money.

When it gets to a point, start using the profits you are getting from your cashflow businesses to buy cheap land in Hectares and acres, dont go to where land is presently in demand, buy land anywhere, everywhere, as long as it is secure and very very very cheap. Only suckers buy expensive land.

Buy more bonds , dollars, tbills, at any point in time make sure most of your liquid cash in the bank is in dollars.

Continue this over a period of ten years, if you dont become a hundreds millionaire, call me barstaad.

At that point, you can now build your own house, and even retire.

Please note that this advice is for people who want to be wealthy, not those who want to be rich. It is strictly for business minded people not people comfortable with earning excellent salaries.

A house is not an investment, if you fear you will die before your time and want to secure your family, and that is why you want to build your own house, there are insurance and investment banking products for that.

Think with your brain not your feelings. If you use that twenty million and build a house, other than waking up and seeing your house every morning, it will not give you a single profit, you have just buried money.....like the guy in Jesus's parable.

For people who are working and are not business men, if you save up and get this kind of money, buy dollars and keep, buy tbills, fix part of it with a cooperative bank, fix part with an investment bank like Meristem, FBN capital, Investment one. etc.....

Dont bury money....

Thanks for the analysis. I enjoyed every bit of it...

tot:


Well, he could have inherited the money....lol.
Yeah, I get your point.

Believe me, building/buying a house with this kind of money is the worse decision anyone would ever make..

tot:


You are not getting my point.
Bonds historically are low returns, stocks which return more over the long term go up and down AND you can lose money as well.
A roof over your head is guaranteed. Investments are NOT guaranteed.

How about reinvesting the fund in Business with strong backup?. Afterall, he worked before he could have such amount of money to buy a home in the first place.. I understand your point about having roof over one's head.. He could get a roof under his head via renting too and reinvest his capital.

The OP is only coming from an angle of "JOURNEY TO SUCCESS"

tot:


Yes I know he meant long term, but how that buttresses his point is what I don't understand. What difference would it make if the person planned to live there just for the short term 2-3 years?

If he buys/builds a home he'd live in for 2/3 years..

1..He will need to pay for maintenance.
2...He'd still be paying for rent where ever he travels to.


You might want to read this to understand better...

If mr A builds/buys a house for 20m and he knew he'd be living for a very time

1. it's an investment that would take him 20 years or more to payback
2. This Will safe him money of rents of 20m for 20 years years. ( If he pays 1m annualy for rents.. Dont forget that cost of rents might also go up.
3. Will likely spend money on Maintenance of the house.
4. House keeps same design for ever.

....If mr B has 20m but decided to invest it. In maybe treasury bills with 13 percent yearly returns.

1. He gets 2.6m yearly
2. He pockets 1.6M yearly as profit (minus 1m yearly rent)
3. He could reinvest the 1.6m in business or another investment (which would make him richer) or probably bought a land for 1.6m, which he might sell for X400 higher in years. Dont forget Land No or less maintenance.
4. He does not pay any maintenance fee for X years if he had bought a home(amount in millions)
5. he gets the chance to choose a modern design he would love to buy/build a home

tot:


So what happens when treasury bills rates drop to 2% for example and it can no longer cover his rent not to mention have change left to play around with? The security of having a roof over your head should never be underestimated. Investment climes change, stocks go up and down, same with savings rates.

Bonds, Stocks etc will surface...

Treasury bill is not the only investment plan that gives good returns..

tot:


What does living in it for 10 years have to do with the argument? What difference does it make whether you live in it for 5 years or 12 years?

What he meant here is LONG TERM..

Starzdavid247:
When u grew old, then u will know the importance of owning a home. Oga keep your economics analysis to yourself.

Read the post again. And this time, be more careful...


Don’t buy a house unless:

1. Mortgage is < 8%,

2. You can pay cash,

3. You plan to live in it for 10 years,

At a grown age, you know the time has come to have your property (though still optional), and during this time, you would have have enough to buy a home (with latest design)

The issue with Africans is LANDLORD mentality which is very wrong... For young hustlers, dont build/buy a house you know you wont live in for years when you can rent 1 and reinvest the remaining funds in good investments..

Adufetooposh:
Instead of being a tenant, i will rather be a landlord.

African mentality

The dude is ABSOLUTELY right

MrMcJay:


Just like Nigeria didn't give Jumia, Interswitch and others a chance, abi?

Nigeria or no Nigeria, tech businesses are making it big here.

if only you understand how Nigerian Policies are affecting the companies you named above...

And tell me, which of Compabies you mentioned are in the same page with Alibaba ?

If Jack ma was a Nigerian, he wouldn't have broken even as he was today

Exchage with a UK used s8plus.(very neat) plus some cash?

I have receipt too

Paulo3ree:
Crazy you must say I am. Plunge into the circumstance
1)marry the girl
2)adapt the boy
3)have a lawyer manage the properties
4)start small, also keep managing the money that comes from the tenants. Big cash doesn't guarantee business success
5)carry these points to any religious leader you're under to help you review and modify
Doing the (1) will help you overcome temptation and make you more responsible. That number (1) pose to you/her an unavoidable pothole which you have to unavoidably do it the legal and right way. Females develope love towards the people that take care of them, talk less of yours that has no blood relationship

You are foolish.. Sorry but i had to quote you.

teamd:
Hello my people I work from home has a 3d animator I made around $1000-$1500 monthly on fiverr/upwork, Am always online 24hrs about 60% of my income goes on large data subscription and buying diesel to my generator.
Have been planning to move out of Nigeria by next January, pls which country is OK for freelance to settle down between turkey or Dubai

Pls ur comment is highly waiting my pple thanks

Im a freelancer and work on Fiverr too... Also had the idea of leaving 9ja because of the poor internet and electricity until I got myself an Inverter with solar and changed my location...

As I'm typing this, I'm charging my appliances and also collecting cool breeze...

Just go for inverter bro and move to a better area with good internet. I'm convinced you'd change the notion of even thinking of travelling out due to the reasons you have given

ukay2:
I invested in 16.2499% FGN BOND APR 2037 at 13.2%......secondary market


I think it's better for now.....stability of 16.2499% coupon payments every 6 months till 2037. ...shikena


I did mine with stanbic today...coupon payments will be every April and October till 2037...


Ask your bank for advice on most FGN BONDS....

What's the minimum capital?

sammyj:
Thank God Eko is not included !!

Eko is waterized already

9jatriot:
I am thinking. Assuming I want to buy a car worth 10M, even though I have the cash for the car, I decide to invest it in TB or bonds. I then use the certificate of the investment as collateral to apply for a loan an the bank to use in purchasing the car.

You may argue, why not just buy the car and have peace of mind, well I can also argue that I want to use the approach to keep me financially disciplined throughout the duration of the loan and so that I can have my money back at the end of the period.

I know the experts may say, it looks foolish since the banks may be giving me the loan at say 17-25%PA, but I can also argue that (using 17% as the bank rate) if the TB is assumed to be 10%PA, that the loan may in reality be 7% for the first year. If I am reinvesting the interest then that value will continue to reduce at the end of the loan term.

Please not that the mode of repayment is not expected to be from that actual investment but from my normal means of living. That TB or bond investment is only to serve as a collateral and may not even contribute towards the repayment of the loan. The fact that I know I have a monthly commitment will in my opinion help me stay financially discipline and I can shout it to the roof top to anyone that cares to listen that I am paying for car loan so that all those that would have categorized me as money bag go around saying "non mind am, that e big car, na loan he take buy am sef".

At the whole of the whole exercise, I will have my 10M+ compounded interest and my car.

What do you guys think?

I doubt if you can access a 10m loan by using your 10m Treasury bill certificate as collateral if that's what you mean. I just called Access bank customer asking her the same question. She claimed you can get loan using TB collateral but cant get upto your TB capital

kestolove95:
43k

You think you can make the LOCATION in your profile?

I doubt it

CovenantCee:



Someone should be please reply this? Which is most advisable? Primary market or Secondary market. I'll be starting mine tomorrow or next week depending on the option I go for.
Thank you.

Primary market is always advisable...

AUDIOMONEY.COM.NG

That domain name alone is enough to push away clicks

waaaariiiiiiiiiiiii!!!!!!!



























STREET!!!

Ijeamaka1:
flight was 174k , yellow card and hotel reservation that’s all and ofcourse BTA

Is the 174k for return flight?

I heard that some banks automatically do roll over on treasury bills, how do avoid that?
Keep in mind that there isn't any option of rolling over in the treasury Bill forms, yet they roll over

internationalman:


What's the population of USA.

unless everyone including newly born kids own a gun your theory is flawed.

Try to update your sense

https://en.m.wikipedia.org/wiki/Estimated_number_of_civilian_guns_per_capita_by_country

I'm beginning to love this girl

What do you mean by maximum salary?

There are freelance writers that earn millions per month.

Nothing like maximum salaries