NewStats: 3,262,146 , 8,176,196 topics. Date: Saturday, 31 May 2025 at 10:53 PM 6y1d3v

From DM

My Life Before the Inheritance
After completing my university education, I landed two remote jobs that allowed me to work from the comfort of my rented apartment. My wife (a business woman) and I were blessed with two beautiful kids, and we were managing our finances carefully, living off my combined income of ₦300,000 per month.

The Unexpected Inheritance
Life took a dramatic turn when my father ed away, leaving behind a significant inheritance. He had sold a plot of land, which yielded over ₦12 million. Additionally, he left us with a 4-flat property that generates ₦500,000 per annum in rental income, plus some shares whose value I'm still determining.

Weighing our options
With this newfound wealth, we are faced with several options:

1. Leave the country: We could use the inheritance to relocate to a country with better economic prospects, providing a brighter future for my family.
2. Invest in a business: We could invest in a business venture, potentially generating ive income and creating jobs for others.
3. Invest in shares: We could diversify the portfolio by investing in foreign stocks, NGX (Nigerian Stock Exchange), or other investment platforms.
4. Invest in crypto: Cryptocurrency is another investment option, but it's highly volatile and requires careful consideration.
5. Invest in MMF (Money Market Funds): A low-risk investment option that provides liquidity and returns.
6. Invest in FG Savings Bonds or T-Bills: Government-backed securities that offer relatively low-risk investment opportunities.
7. Land banking: I could use part of the inheritance to buy an acre of land, holding it for future sale.

What do you advice is the best way or better way to do with this money?

My advice
After careful consideration, here's what you should do:

1. Invest in a business: Y'll use ₦5 million to invest in a business venture, potentially generating ive income and creating jobs.
2. Diversify my portfolio: Invest ₦3 million in a mix of foreign stocks, NGX, and other investment platforms to spread risk.
3. Manage the rental property: Ensure the 4-flat property continues to generate consistent rental income.
4. Save for the future: Set aside ₦2 million for your sister children's & your own kids education and future expenses.
5. Enjoy the present: Share ₦2 million to improve your standard of living, taking your family on a well-deserved vacation and upgrading your lifestyle.

This decision allows you to balance your financial goals, provide for your immediate and extended family, and create opportunities for growth and wealth creation.

So the options
1. Japa is perhaps the riskiest. Relocate to other country, and you will see that the N12 million will not carry you and your family up to 3 months. What will you be doing there? Which VISA?
2. If you have business acumen, this is potentially the best.
3. High quality banking shares are not bad. Avoid oil and gas and Teleco shares this period.
4. Crypto...hmmm. If you get morale why not? Na liver.
5. Mutual funds/MMF is not bad.....that N500k annual rental especially can cool off there.
6. As above.
7. Not bad, too. But no dividends from land, just capital appreciation.

What will be Ur siblings fate, when u spend d whole 12m?

Estate management is best place to invent on, bcus house and lands keep value everyday! My former landlord increase rent thrice per yr

muyico:
What will be Ur siblings fate, when u spend d whole 12m?

I wonder ooo 😂

It seems he forgot the “inheritance” is to be shared among six of them.

If you had conviction about a path to take before this money came, you would have been better prepared to utilise the funds.

The least exciting option is investing in treasury bills as that guarantees steady and ive income.

The second best option is Diversifying Your Income Streams. But you need expertise in whatever you're investing in. Expertise or connections.

I think you're better off doing both, safe investment and diversifying income stream with a business you have expertise/ connections in.

If you do not have a business idea formulated in your mind, maybe just japa but japa based on work visa. You can equip your self with in-demand skills to give yourself a better chance of getting the visa.

And you still in the house?

muyico:
Estate management is best place to invent on, bcus house and lands keep value everyday! My former landlord increase rent thrice per yr

Money wey go finish quick. Just go play 2 odds, that one say use 2m 4 vacation. If you pay one-wqy ticket how much remain? Una don smoke goof

His father literally gave the only son everything and left the girls out. If he were still alive and was in need, he will that he has female kids. Stupid African mentality!

How did you get to that conclusion ?

We4all:
His father literally gave the only son everything and left the girls out. If he were still alive and was in need, he will that he has female kids. Stupid African mentality!

eniolorunfe:


I wonder ooo 😂🤣

It seems he forgot the “inheritance” is to be shared among 6 of them.

English comprehension is your problem, did you read the weighing option, it reads, "weighing our options, we Are faced with several options" meaning they have agreed but the options stated is what six of them are faced with.

odaniel1:
Money wey go finish quick. Just go play 2 odds, that one say use 2m 4 vacation. If you pay one-wqy ticket how much remain? Una don smoke goof

Gambler spotted.

Pojomojo:
English comprehension is your problem, did you read the weighing option, it reads, "weighing our options, we Are faced with several options" meaning they have agreed but the options stated is what six of them are faced

It is you that has comprehension issues else, how can you think the options stated is what six of them are faced with? Is the stated amount going to be enough for six of them and their families, considering the options. You didn’t see where the op was interchanging “we” with “I/my”. The options are for his immediate family (wife and kids), not his other siblings and their families.

Meerahbel:
From DM

I hope people know that Meerahbel, Oyindamolah and QuinModah are the same person

This girl will post with one Moniker and quickly replies with the others to create traffic.

What exactly are you trying to achieve with this kind of lifestyle?

Japa straight!

.

muyico:
Estate management is best place to invent on, bcus house and lands keep value everyday! My former landlord increase rent thrice per yr

This is the very best option and setup 3 different businesses. You're good to go in the current nigeria.

leomarz007:


This is the very best option and setup 3 different businesses. You're good to go in the current nigeria.

E dey sweet to talk for mouth! Na when you start you go know how far! Do you know how many businesses have closed shop in Nigeria?

IyaTola:
E dey sweet to talk for mouth! Na when you start you go know how far! Do you know how many businesses have closed shop in Nigeria?

Well, I have a goat farm, a poultry, a provision store and early last year got into catfish farming. All are still running and none has closed down or will close down in the future. It takes time to build though and I started them back(with exception of the catfish farming) in the year 2011.

Only u post , still use all your alts comment . Is this not ment ?

Pojomojo:
Gambler spotted.

Meerahbel:
From DM

Try Australian PR

Why?

id4sho:

Try Australian PR

Whatever you do try to buy suya like 20k (tozo specifically) and holandia yoghurt big size. Enjoy part of it. Someday you may live it too same way popsy did.

One elderly woman I was buying groceries from once told me:

"It's the food that birds eat, they fly away with."

it's just a metaphorical expression that conveys the idea that the only things we truly take with us in life are the experiences, memories, and joys we've had (the "food" we've eaten). Everything else, material possessions and all, are left behind.



#unpopular opinion

TornApart:
Whatever you do try to buy suya like 20k (tozo specifically) and holandia yoghurt big size. Enjoy part of it. Someday you may live it too same way popsy did.

One elderly woman I was buying groceries from once told me:

"It's the food that birds eat, they fly away with."

it's just a metaphorical expression that conveys the idea that the only things we truly take with us in life are the experiences, memories, and joys we've had (the "food" we've eaten). Everything else, material possessions and all, are left behind.



#unpopular opinion

k

id4sho:

Try Australian PR

TornApart:
Whatever you do try to buy suya like 20k (tozo specifically) and holandia yoghurt big size. Enjoy part of it. Someday you may live it too same way popsy did.

One elderly woman I was buying groceries from once told me:

"It's the food that birds eat, they fly away with."

it's just a metaphorical expression that conveys the idea that the only things we truly take with us in life are the experiences, memories, and joys we've had (the "food" we've eaten). Everything else, material possessions and all, are left behind.



#unpopular opinion

leomarz007:


This is the very best option and setup 3 different businesses. You're good to go in the current nigeria.