jeromestarks:
Story.

Marry a virgin and see your children doing well at school because their mother is a pure woman.

Marry a none virgin and see how poor your children will be because their mother is contaminated with different evil spirits which will result in their failure not only in academics but in their entire lives.

Praisegate:
Dis Okowa dance o

ComeToJesus:


Nairaland has given you guys the canvass to paint your stupidity and a stand to exhibit same.

GonFreecss1:
Let us be frank with ourselves, if people like Martin Luther King and Malcom X had not made sacrifices and do what had to be done. Would blacks be happily going to the abroad?

All Nigerians do is complain, complain and complain. Like we are not inherently part of the problem.

There are government duties, I agree... but there are also duties for the citizens. The citizens have failed like the government they complain about.

ahiboilandgas:
that why are dont mention them as successful investors and as a guide or mentors for up coming investor.....if i hit 2 billion naira from wrong Nigeria system and buy 500 m zenith shares 500 million gtb share ...and 500 mtn shares and 500 fixed income (at 11) ....tell me how will i become broke ......i cannot be use as a guiding principle to mentor people.....but if i invent Nairaland and sell it for 2 bn then invest it the above.....this can be used as mentorship

ojesymsym:
Sir, I did factor it in. Like I mentioned to one of my friend who raised same objection. 30M will still be a lot of money even in 30 years time. It may not just have the same value as we have not.

Don't also forget the amount we are talking about here just 10k leading to 30m and as to it being invested, we already mentioned 10% per annum.
Don't forget as time go on, even the 10k will look too small and the person may decide to increase it if their condition of living improves.
Even business people can decide to also do somethng like this on the side as a retirement plan.

emmanuelewumi:



Exactly.

When the money must have lost value in 20 years. N110,000 of the year 2000 doesn't have the same value with N110,000 of 2020

emmanuelewumi:



Government won't allow that, we don't have a social insurance scheme in Nigeria.


The amendment should be for financially sophisticated employees.

ahiboilandgas:
if everbody become too financially intelligent then what happen to the insurance firm that sell annuity,bank deposit etc and their workers ...the system need more of this set of people for job growths and stability....the money in my retirement saving accounts they pain me ..the return is poor i know i will do a better investment more that this firms

emmanuelewumi:




There is a whole lot of difference between what you earned and your Networth.

After working for 20 years it is possible for someone who earned an average of N10 millon per annum for 20 years to have a higher Networth than another person who earned an average of N20 millon per annum - Very True


Besides I doubt if the number of the workforce in the petroleum sector is up to 20,000. It is about 1% of the worker force that is 200 that can get to the top management level.


From the current annual report of MTN Nigeria, it is just 4 top management executives that earned over N100 million per annum

ahiboilandgas:
i think is even less...

emmanuelewumi:




I can't explain why a lot of Fortune 500 companies are opting for Indian CEOs

emmanuelewumi:



Very recent, about 2019.

I want to give you an assignment, can you list 2000 Nigerians which you think will have a minimum of N10 billion Networth, don't include there over priced real estate in your calculations.

emmanuelewumi:



Less than 100,000 Nigerians have N10 billion. That is less than 0.05% of the population. A report from CBN has it that less than 2% of Nigerian bank customers have 500k in their accounts

emmanuelewumi:



The wife equally has her own assets. Why should he will his two houses to her and she remarries, then the new husband will manipulate her to dispose of the house which is always the case.

Since the man willed the property to his two sons, it still belongs to their mother indirectly.


I will never inherit my wife's properties, it goes to her children.

Her properties and Investments will be held in a trust and managed by a reputable Trustees firm eg United Capital Trustees on behalf of the children

emmanuelewumi:





Very good insight


A man died at the age of 52, with two houses in Lagos.


He willed the two houses to the two sons, in the Will he said the house must not be sold in the life time of their mother and their mother is entitled to 30% of the rental income from the two houses. The rental income will continue for life to his wife unless the woman remarries.

Men are learning fast.

demoBaba:





You go skool so? Opening balance as at January 2018. ---- closed balance as at December 2018


Did you what transaction made between January to December 2018? It may b millions of dollars......

demoBaba:


The first man with sense on this post. I was already loosing hope on the second page of this thread as I found not one person with comprehension abilities on the first page of this post.

It is really unfortunate that most persons that come to post on NL have no proper sense of reasoning.



You go skool so? Opening balance as at January 2018. ---- closed balance as at December 2018


Did you what transaction made between January to December 2018? It may b millions of dollars......