@ ozymes we can discuss here.

ozymes:
Hope he is selling approved standard drugs in that village and doesn't involve in unethical medical practices? Just checking. [q1uote author=arduino post=91567310]
One of my parents tenants from Ebony state hit a goldmine selling simple pharmaceutical drugs in my very remote village which is about 65km from Ekwulobia. The guy drives high end vehicles and has bought and is still buying lands and properties from families willing to sell to him.
His annual rent is just N50,000 for modern standard 3-Bedroom apartment.
NB: He came to my village just two years ago and started a small chemist shop.

You know,I was worried about this. I hope he has scruples and not harming the people in anyway. It's terrible what people can do for money

.The Richest
Man in China said:



_If you put Bananas and
Money in front of
Monkeys, Monkeys will
choose Bananas
because monkeys do
not know that_


Money
can buy a lot of
Bananas


IN REALITY,
if you offer JOB and
BUSINESS to people,
they would choose JOB
because most people
do not know that
BUSINESS can bring
more MONEY than
Wages.






Similarly,
Robert Kiyosaki,
author of the best
selling book "RICH DAD,
POOR DAD" and also a
business partner of
Donald Trump said:




_"One of the reasons
poor are poor, is
because they are NOT
TRAINED TO RECOGNIZE
ENTREPRENEURSHIP
OPPORTUNITIES.




They spend too much time in school and what they have learnt in school, is to WORK FOR
WAGES instead of
MONEY WORKING FOR
THEM.



Profit is better than
Wages, for Wages can
make you a living but
Profits can bring you a
Fortune."




THINK INVESTMENT
and stop fighting over
increments of salaries,
it still won't be enough
.


Hear this from a
Professor to freshmen
and women during their
orientation:



(Actually
he is an Acting DVC
Academic at a small/
new university in
Kenya)




"Academic excellence is
overrated!


Being top of your class does not necessarily
guarantee that you will be at the top of life.





You could graduate as the best student in Finance but it doesn't mean you will make more money than
everybody else.





The best graduating
Law student does not necessarily become the
best lawyer.





The fact is, life requires more than the ability to
understand a concept, memorise it and reproduce it in an exam.




School rewards people for their memory.




Life rewards people for their imagination.




School rewards caution, life rewards daring.




School hails those who live by the rules.



Life exalts those who break the rules and set new
ones.




So do I mean people
shouldn't study hard in school?




Oh, no, you
should.




But don't sacrifice every other thing on the altar of First Class.





Don't limit yourself to the classroom.




Do something practical.





Take a leadership
position.




Start a business and
fail.



That's a better
Entrepreneurship 101.



Join or start a good club.




Contest an election and lose.


It will teach you
something Political
Science 101 will not
teach you.




Attend seminars.


Read books outside the scope of your
course.


Go on missions and win a soul for eternal rewards...




Do something you
believe in!




Think less of becoming an excellent student
but think more of
becoming an excellent person.




Don't make the
classroom to be your world but Make the world your classroom.




Step forward, try
politics, try farming, try businesses, try an extra thing .





."Entrepreneurship is the salt of life" diversify ur income.




Don’t feel shy to
share with others
including your children.

Most times, what Nigerians call "Connection" is what is known as "Networking" in the employment sphere. Globally, it is still the number one way people get hired in most industries and is generally preferred by HR professionals. Getting a qualified candidate for a job is not as easy as it seems hence the reliance on recommendations from already trustworthy individuals.
Networking isn't a bad thing as long as one is qualified for the job, it is nepotism and cronyism that should be frowned upon.

Networking, like any other skill, can be learned. Although, most times it is about being in the right place at the right time. Young graduates should strive to improve their networks.

X21:


Bond fund 12.17% annualized[img][/img]



bond fund returned 12% pa
[img][/img]
capital rate interest
1 60,000.00 12.17% 608.65
2 120,608.65 12.17% 1,223.48
3 181,832.13 12.17% 1,844.54
4 243,676.67 12.17% 2,471.91
5 306,148.58 12.17% 3,105.63
6 369,254.21 12.17% 3,745.79
13,000.00

dollar fund returned 9.2%
3 months 69
1 year 276
capital 3000
rate 9.2%
add exchange diff between march and July of about 30% dollar fund out performed bond fund

He was contributing 90k monthly for 6 months and not 60k monthly.

XiaoLi:
Wrong investment, it must not be tbills oga..why still invest in tbills of 3.5% when you can earn 5.5% in other investments similar to tbills

please recommend

AMINDA:
Most times, what Nigerians call "Connection" is what is known as "Networking" in the employment sphere. Globally, it is still the number one way people get hired in most industries and is generally preferred by HR professionals. Getting a qualified candidate for a job is not as easy as it seems hence the reliance on recommendations from already trustworthy individuals.
Networking isn't a bad thing as long as one is qualified for the job, it is nepotism and cronyism that should be frowned upon.

Networking, like any other skill, can be learned. Although, most times it is about being in the right place at the right time. Young graduates should strive to improve their networks.

Gbam. There are times we recruit in my office without advertising. We just pass the information to the staff that if they have friends looking for work, they should get their CVs and send. Sometimes i contact ex-colleagues if we need staff and ex-colleagues also contact me if they need staff.

NL1960:


Gbam. There are times we recruit in my office without advertising. We just pass the information to the staff that if they have friends looking for work, they should get their CVs and send. Sometimes i contact ex-colleagues if we need staff and ex-colleagues also contact me if they need staff.

What you described is networking which is normal.

But don't confuse it with "connection."

Connection is when a senator has been given 12 slots for NNPC recruitment and he just goes to his village to pack his family members to send to NNPC whether they are qualified or not.

With networking, you are recommending people that are really qualified for the job. I can't say the same for connection.

jossy26:


People legit left their village to go hustle for their lives, but coming online to job shame them and their hustle cos you got a job on a platter of Gold is unjustifiable. Its same thing you all complain about Linda and Hush, anyone doing legit job to provide for his family should be encouraged and not you feeling like one know it all. Success is relative and not you or anyone can define for whoever. Job shaming, Age shaming, Body shaming etc we do must STOP

Too early to start all this, I guess you don't understand what he was trying to say.

What works for you might not work for another person and what works for him might not work for you.

We need to operate from the points of our comparative advantages and absolute advantages. You can derive these advantages based on your family, education, capital, exposure, experience, network, values, skills, location etc.

We all need to look inwards..

I asked a guy working in the airline sector, how he has been surviving since he stopped receiving salaries in March.

He said his folks ie brothers in the village send bags of garri, kegs of palm oil, tubers of yam, money etc to him. He gave interest free loans to them when they started their agribusiness about 10 years ago He regretted not diversifying and investing part of the salaries he earned in the last 15 years in agriculture

corike:
. Really bro abeg educate me on this.

Where do I start from?

The promised returns? Holding your money for 6 months? No access to their books to know what is going on?

jossy26:


People legit left their village to go hustle for their lives, but coming online to job shame them and their hustle cos you got a job on a platter of Gold is unjustifiable. Its same thing you all complain about Linda and Hush, anyone doing legit job to provide for his family should be encouraged and not you feeling like one know it all. Success is relative and not you or anyone can define for whoever. Job shaming, Age shaming, Body shaming etc we do must STOP

Thanks for the advise,

freeman67:


I don't know how I will calculate or explain it to you but then let me start this way. For the bond fund I started it as monthly contribution of 90k from end of January 2020 (1st week of February to be precise.) I just paid the 6th one for June last week. What is extra after the sum of my 6 months contribution of 90k is N13,000.

For the Dollar Fund, it is a meager amount of $3,000 that I put there since 1st week of March 2020. The extra on it right now is $69.

Above is why I can't expressly tell you which one has accrued more. My aim was to build that Dollar Fund gradually too but I can't afford at the rate it is being sold now.

Wanted to even ask, what mutual fund is this?

NL1960:


He was contributing 90k monthly for 6 months and not 60k monthly.

thanks for pointing that out
capital rate interest
1 90,000.00 8.16% 612.06
2 180,612.06 8.16% 1,228.29
3 271,840.35 8.16% 1,848.70
4 363,689.06 8.16% 2,473.34
5 456,162.39 8.16% 3,102.22
6 549,264.62 8.16% 3,735.38
13,000.00
dollar fund is better

Bro which of the Banks own the dollar fund that earned you this interest. What is the current rate for the dollar fund, it seems someone can invest in it with less than $10k.

Is there any capital risk with the dollar fund?
Thanks

freeman67:


I don't know how I will calculate or explain it to you but then let me start this way. For the bond fund I started it as monthly contribution of 90k from end of January 2020 (1st week of February to be precise.) I just paid the 6th one for June last week. What is extra after the sum of my 6 months contribution of 90k is N13,000.

For the Dollar Fund, it is a meager amount of $3,000 that I put there since 1st week of March 2020. The extra on it right now is $69.

Above is why I can't expressly tell you which one has accrued more. My aim was to build that Dollar Fund gradually too but I can't afford at the rate it is being sold now.

TotoNaRubber:

Bro which of the Banks own the dollar fund that earned you this interest. What is the current rate for the dollar fund, it seems someone can invest in it with less than $10k.

Is there any capital risk with the dollar fund?
Thanks

GonFreecss1:


Wanted to even ask, what mutual fund is this?

United Capital../ investnow.ng

Yes you can invest in it below N10$k, I have forgotten their minimum but it should be around $2500.

AMINDA:
Most times, what Nigerians call "Connection" is what is known as "Networking" in the employment sphere. Globally, it is still the number one way people get hired in most industries and is generally preferred by HR professionals. Getting a qualified candidate for a job is not as easy as it seems hence the reliance on recommendations from already trustworthy individuals.
Networking isn't a bad thing as long as one is qualified for the job, it is nepotism and cronyism that should be frowned upon.

Networking, like any other skill, can be learned. Although, most times it is about being in the right place at the right time. Young graduates should strive to improve their networks.

Networking isn't easy o. People won't help especially when they know you are very qualified and the job can change your financial life. They rather recommend their family relations.

But if it's one sme-sme job like that, they will be quick to call you.

Nevertheless, networking is good, I have gotten two jobs in time past from just recommendation.

Check commercial paper if you bank with FBN or FBN Quest, your funds is safe like Tbills

fireback:
please recommend

AMINDA:
Most times, what Nigerians call "Connection" is what is known as "Networking" in the employment sphere. Globally, it is still the number one way people get hired in most industries and is generally preferred by HR professionals. Getting a qualified candidate for a job is not as easy as it seems hence the reliance on recommendations from already trustworthy individuals.
Networking isn't a bad thing as long as one is qualified for the job, it is nepotism and cronyism that should be frowned upon.

Networking, like any other skill, can be learned. Although, most times it is about being in the right place at the right time. Young graduates should strive to improve their networks.

There is a huge difference between networking and nepotism. If we're being honest, what happens in Nigeria is best described as nepotism not networking.

Interesting read, especially the part about school and schooling.

ukay2:
.The Richest
Man in China said:



_If you put Bananas and
Money in front of
Monkeys, Monkeys will
choose Bananas
because monkeys do
not know that_


Money
can buy a lot of
Bananas


IN REALITY,
if you offer JOB and
BUSINESS to people,
they would choose JOB
because most people
do not know that
BUSINESS can bring
more MONEY than
Wages.






Similarly,
Robert Kiyosaki,
author of the best
selling book "RICH DAD,
POOR DAD" and also a
business partner of
Donald Trump said:




_"One of the reasons
poor are poor, is
because they are NOT
TRAINED TO RECOGNIZE
ENTREPRENEURSHIP
OPPORTUNITIES.




They spend too much time in school and what they have learnt in school, is to WORK FOR
WAGES instead of
MONEY WORKING FOR
THEM.



Profit is better than
Wages, for Wages can
make you a living but
Profits can bring you a
Fortune."




THINK INVESTMENT
and stop fighting over
increments of salaries,
it still won't be enough
.


Hear this from a
Professor to freshmen
and women during their
orientation:



(Actually
he is an Acting DVC
Academic at a small/
new university in
Kenya)




"Academic excellence is
overrated!


Being top of your class does not necessarily
guarantee that you will be at the top of life.





You could graduate as the best student in Finance but it doesn't mean you will make more money than
everybody else.





The best graduating
Law student does not necessarily become the
best lawyer.





The fact is, life requires more than the ability to
understand a concept, memorise it and reproduce it in an exam.




School rewards people for their memory.




Life rewards people for their imagination.




School rewards caution, life rewards daring.




School hails those who live by the rules.



Life exalts those who break the rules and set new
ones.




So do I mean people
shouldn't study hard in school?




Oh, no, you
should.




But don't sacrifice every other thing on the altar of First Class.





Don't limit yourself to the classroom.




Do something practical.





Take a leadership
position.




Start a business and
fail.



That's a better
Entrepreneurship 101.



Join or start a good club.




Contest an election and lose.


It will teach you
something Political
Science 101 will not
teach you.




Attend seminars.


Read books outside the scope of your
course.


Go on missions and win a soul for eternal rewards...




Do something you
believe in!




Think less of becoming an excellent student
but think more of
becoming an excellent person.




Don't make the
classroom to be your world but Make the world your classroom.




Step forward, try
politics, try farming, try businesses, try an extra thing .





."Entrepreneurship is the salt of life" diversify ur income.




Don’t feel shy to
share with others
including your children.

alphascorpio:

There is a huge difference between networking and nepotism. If we're being honest, what happens in Nigeria is best described as nepotism not networking.

Please explain.

Which institution did you use for the dollar fund please?

freeman67:


I don't know how I will calculate or explain it to you but then let me start this way. For the bond fund I started it as monthly contribution of 90k from end of January 2020 (1st week of February to be precise.) I just paid the 6th one for June last week. What is extra after the sum of my 6 months contribution of 90k is N13,000.

For the Dollar Fund, it is a meager amount of $3,000 that I put there since 1st week of March 2020. The extra on it right now is $69.

Above is why I can't expressly tell you which one has accrued more. My aim was to build that Dollar Fund gradually too but I can't afford at the rate it is being sold now.

ozymes:
Which institution did you use for the dollar fund please?

United Capital/ investnow.ng

alphascorpio:

There is a huge difference between networking and nepotism. If we're being honest, what happens in Nigeria is best described as nepotism not networking.

Except you're working for the government, most private organizations would require you to have the requisite skill.

Are you saying a job like software development can be gotten via "man know man"? If you're simply not initially capable, even if your brother owns the company, you won't be employed if you don't have the skills.

Called the Nigerian Eurobond Fund?

freeman67:


United Capital/ investnow.ng

Tobex4realTobex234:


Except you're working for the government, most private organizations would require you to have the requisite skill.

Are you saying a job like software development can be gotten via "man know man"? If you're simply not initially capable, even if your brother owns the company, you won't be employed if you don't have the skills.

Even Dangote employed his top management staff based on their experience, knowledge and ability to deliver not because they are from Kano or pray together in the same mosque

This village and city talk has got me thinking since.

My organization has allowed us work remotely since March this year and I was asking myself "do I actually need to renew my rent?"

Why should I spend a lot renewing my rent in Lagos when I could go to Ibadan and pay way less for a bigger space. If I've been able to discipline myself to save 60% of my income in Lagos, I'm sure I can do 80% in Ibadan, so why am I still here ??

emmanuelewumi:



Even Dangote employed his top management staff based on their experience, knowledge and ability to deliver not because they are from Kano or pray together in the same mosque

Don't mind people like alphascorpio abeg. When OPay started, they poached staffs from Gokada.
When Konga started, they poached staffs from Jumia.

Poaching staffs mean you have to offer them better remuneration. Please why are they doing that when they could employ all their family members. Forget all those "man know man" type of jobs, they are usually low paying government jobs. No real job would be offered solely on the basis of connection.

Now I put it to you alphascorpio, I have a slot for you as a surgeon in NNPC, the pay is very high, please will you take it?

That's not how these things work dude.

ozymes:
Called the Nigerian Eurobond Fund?

Yes.

Tobex4realTobex234:
This village and city talk has got me thinking since.

My organization has allowed us work remotely since March this year and I was asking myself "do I actually need to renew my rent?"

Why should I spend a lot renewing my rent in Lagos when I could go to Ibadan and pay way less for a bigger space. If I've been able to discipline myself to save 60% of my income in Lagos, I'm sure I can do 80% in Ibadan, so why am I still here ??

The pandemic will end up creating a new sets of normal.

I learnt 60% to 70% of workers on Victoria Island are still working from home. 3 of my Stockbrokers have not opened their physical offices but they have done and still doing transactions running to billions of Naira between April and now.

This may affect cost of real estate on the Island. Businesses may just need small offices where workers can come once or twice in a month

Wel, well, well

The current discussion is very very interesting


There are opportunities in the west

There are opportunities in Lagos

And there are opportunities in some rural areas.


Most black folks who did not succeed in the west wont have succeeded in Nigeria either


Success is more of function of the person

There are a good number of millionaire nigerians in the diaspora (USD)
Tho they are in the minority

It tells that you can succeed out there too with the right mindset


Here in Nigeria as well


The millionaires are also in the minority

If that weren't the case
Nigeria wont be the headquarters of extreme poverty


I personally am putting plans in place to relocate permanently, as I have had enough of this madness in the country.
No more back and forth

Permanent move.

And I know just as I have achieved some level of success here
I will do same abroad too.

But that's just me


Everyone should know what is best for him or her
And go with it


But the idea that a black man cannot make it in the west is pure bunkum

And for those saying that nepotism does not exist in the private sector

I just dey laugh una