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Nairaland Forum / Nairaland / General / Family / Do I Build A Small House Now Or Keep Saving? (59654 Views)
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Re: Do I Build A Small House Now Or Keep Saving? by omonla10(m): 9:52pm On May 01, 2020 |
my brother, In all u do, don't ever loose ur working capital o.. house won't feed u.. just try divide the risk.. half for house and half for working capital.. without a working capital, u might end up selling d house for survival in few years.. except u have a good cv Sha that can bring employment soonest 10 Likes 1 Share |
Re: Do I Build A Small House Now Or Keep Saving? by joelag: 9:53pm On May 01, 2020 |
Quick use the money do visible thing. |
Re: Do I Build A Small House Now Or Keep Saving? by nobone(f): 9:53pm On May 01, 2020 |
Buy land and build. You'll never regret it |
Re: Do I Build A Small House Now Or Keep Saving? by ennymax(m): 9:55pm On May 01, 2020 |
Idiot |
Re: Do I Build A Small House Now Or Keep Saving? by newdawn2017(f): 9:55pm On May 01, 2020 |
qwertyboss:He will regret it biko. Dis foolish & hopeless Nigeria that isn't secure, tht is a state of nature now ![]() ![]() 1 Like |
Re: Do I Build A Small House Now Or Keep Saving? by CapitalBank: 9:56pm On May 01, 2020 |
covid2019:Who told you it's all land that appreciates? Just buy a land and start building, not because of appreciation but for shelter. Spend only 3 million on the building untill you have raised or recouped enough to continue. Keep hustling and when u have made some money, go and continue from where u stopped. Don't just pour money into building the house in one blow cos u don't know what business idea that will come ur way and u would need money to run it which wouldn't be possible if u have poured it into building. House project will gulp about 7 million of that money and u will be left with how much? 3 Likes |
Re: Do I Build A Small House Now Or Keep Saving? by Veronn: 9:56pm On May 01, 2020 |
U value 11m for dis kain time @ 29 , abeg teach me ur hustle ooo am interested 9 Likes |
Re: Do I Build A Small House Now Or Keep Saving? by Sunisonflex39(m): 9:57pm On May 01, 2020 |
Goldenheart:your head dey dia... infact OP fit be the first set of landlords wey go dey cashout at the begining of every year 1 Like |
Re: Do I Build A Small House Now Or Keep Saving? by mrvitalis(m): 9:58pm On May 01, 2020 |
covid2019:Oga never build with your savings it's the same mistake our fathers did ...I built a house for my factory instead of renting First thing you should do is diversify ...start another business ...u need at least 5 business to be successful ....let your business build for you 11 Likes |
Re: Do I Build A Small House Now Or Keep Saving? by Treborblue(m): 9:58pm On May 01, 2020 |
bolaji3071:Bruv ain't only you |
Re: Do I Build A Small House Now Or Keep Saving? by boyjo: 9:59pm On May 01, 2020 |
covid2019: End time is here and you may be running for your life soon. Save to take care of your today. 1 Like |
Re: Do I Build A Small House Now Or Keep Saving? by Nobody: 10:00pm On May 01, 2020 |
Richy4:shutup and advise if you can 1 Like |
Re: Do I Build A Small House Now Or Keep Saving? by tot(f): 10:00pm On May 01, 2020 |
MisterKings: The interest rate is per annum not monthly. So 1m for the year = 83k monthly. 3 Likes |
Re: Do I Build A Small House Now Or Keep Saving? by Kubernetes: 10:00pm On May 01, 2020 |
Richy4: The guy too brag. 1 Like |
Re: Do I Build A Small House Now Or Keep Saving? by Nobody: 10:00pm On May 01, 2020 |
Richy4:shutup and advise if you can ![]() Dont shutup. Im joking ![]() ![]() |
Re: Do I Build A Small House Now Or Keep Saving? by psalmuelwater(m): 10:00pm On May 01, 2020 |
jmoore:Abi, how does one hustle legitimately and has 11 million plus in his account, and still squatting with a friend. And most notably, doesn't have a direction for his life yet. I'm not he truly has the 11.4million 7 Likes 1 Share |
Re: Do I Build A Small House Now Or Keep Saving? by Nobody: 10:02pm On May 01, 2020 |
My people my people ![]() Anyway, Dom part of the money. Forget land. It's a serious responsibility and waste of investment money. 1 Like |
Re: Do I Build A Small House Now Or Keep Saving? by CapitalBank: 10:02pm On May 01, 2020 |
omonla10: I have told him same thing. I don't think he has lost millions yet cos he wouldn't be thinking of it this way. 1 Like |
Re: Do I Build A Small House Now Or Keep Saving? by Mightyhaiz: 10:03pm On May 01, 2020 |
By all means,build. But don't rush all 11m into building.. Map out like 5m for biz.. Then start off with building.. 6m should see u up to lintel level at the least.. For a two 3 bedroom flat building...but anywhere the 6m finish,stop there.. Make sure u don't touch your biz capital till u have taken stock of your biz and seen at least 1.5m profit after expenditures.. With this amount,u can commence work again.. 1 Like |
Re: Do I Build A Small House Now Or Keep Saving? by Sa2ruis(m): 10:03pm On May 01, 2020 |
You can hardly build anything of note for that 11.4 million especially, if you don't already own a plot of land and have to include the cost of purchase. I advise you to take advantage of this one in a lifetime opportunity to invest in some fundamentally sound stocks with many at really low prices right now. You do not even have to restrict yourself to the NSE as there are apps that allow you to invest in US and China stocks 2 Likes |
Re: Do I Build A Small House Now Or Keep Saving? by obamat: 10:05pm On May 01, 2020 |
My own advice for you is to invest in land even if you are not going to build. I had similar experience when I was growing up I made some hustle back then when I was in the University and I made some money but I really don't know what next to do with my life then so I bought some properties then. 1acre of land for 120k, 2plots of land for 250k , 1.5 plot of land for 150k. all btw 2005 and 2007. The acre of land is valued at 3m now I sold 1plot out of it for 500k recently. The 1.5 plot is valued at 2.2m now and the 2 plots is valued at 1.2m because it is water area. I am no longer in that state but the land keeps appreciating. I bought a 1/2 plot land in 2018 April for 2m and in August someone offered 3m but I needed the land for my personal use. So if you invest in genuine land and secure it properly it will appreciate in a short time. You just keep your working capital. All the best 18 Likes |
Re: Do I Build A Small House Now Or Keep Saving? by pauloskilala(m): 10:05pm On May 01, 2020 |
My Brother.....the idea of buying land and build its OK. But Its not ideal to use all. Remember you need capital to continue ur job. Shalom |
Re: Do I Build A Small House Now Or Keep Saving? by VicM6: 10:05pm On May 01, 2020 |
keep saving until ur money gets to 40millon then one day u will depart frm d living nd ur 40millon will be spend by people who doesn't knw hw u av worked hard to earn such money... Bro, be smart... am not saying saving is a flase hope but try nd invest nd chop life small also.... once man die, all the billons die also too with him/her. 7 Likes |
Re: Do I Build A Small House Now Or Keep Saving? by SIRKAY98(m): 10:05pm On May 01, 2020 |
Build that house now. You can build it for rentage purpose. Am doing something similar in this covid 19 era now as am talking. Get loan .decknig the building. Use down for rent and up for your stay. Thank me later |
Re: Do I Build A Small House Now Or Keep Saving? by CapitalBank: 10:06pm On May 01, 2020 |
psalmuelwater: Lol. U never jam. There are lots of lucky bastard in this country with consistent cash flow that they don't know how to take it to the next level. If u take away his current hustle now, dude will be so empty. That is why developing yourself up to the point of having multiple stream of income is the best. 9 Likes |
Re: Do I Build A Small House Now Or Keep Saving? by Briller: 10:06pm On May 01, 2020 |
My dear, build. Money looses its value by the day. I wish I knew what I know now a few years back. I would have been happier with houses in choice areas even if it's not bringing in returns at least I can have good collateral for future investments which would eventually bring me the desired returns. 2 Likes |
Re: Do I Build A Small House Now Or Keep Saving? by baratech: 10:07pm On May 01, 2020 |
You better take the money and relocate to Canada, Germany or Australia... 5 Likes |
Re: Do I Build A Small House Now Or Keep Saving? by sacredsaint(m): 10:07pm On May 01, 2020 |
The first step is trying to figure out what you wanna do with your life... Every other thing should follow after that. But to answer your question, a house is not an investment, especially if you're not gonna be letting it out. So don't waste money on it now when you can always do it anytime in the future when you're more comfortable and more assured. But if you decide to build a house, you can contact me. |
Re: Do I Build A Small House Now Or Keep Saving? by Sunisonflex39(m): 10:09pm On May 01, 2020 |
Veronn:Even me o.. |
Re: Do I Build A Small House Now Or Keep Saving? by afecgivers: 10:09pm On May 01, 2020 |
covid2019: Use the 11m to sow seed in any Christ believing church...and you will see what God will do in your life. Or if you can't do that, lend me 2m to pay 3m within 12months. 1 Like 1 Share |
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