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Nairaland Forum / Nairaland / General / Family / Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? (57465 Views)
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Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Bahddo(m): 8:20am On Aug 21, 2020 |
Well done CuteVally. Nice to see youngsters who are financially responsible. First off, stop revealing how much you have to just about everyone (including parents). It's private info. People would always have plans for your money if you let them. That said, buying some land is the more future-proof plan. If your parents don't mind you staying in their house and it's convenient for work, it might not be a bad idea to listen to them. Trust me, furnishing an empty apartment even to a decent extent is no mean feat. It would eat up a huge chunk of your funds. If however, your job is stable and it is what you want, you could try the second option as we truly grow when outside our comfort zone. A pitfall here could be the tendency to lose focus in the face of new-found freedom, so you have to be focused and give priority to assets as against the shiny and glamorous. Also, avoid financially irresponsible friends. A third option could be to hold out and try to see if you can generate a second stable income stream. That way, at some point in the near future, you can even finance both of the original options at the same time. In the end, your decision. All the best man. 1 Like |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Eriokanmi: 8:23am On Aug 21, 2020 |
blingxx:19 year old you said? What year did he start business that fetched him so much ? What business does he do? I think you slso need to find out. I pity this generation with mentality |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Oyelakin225(m): 8:28am On Aug 21, 2020 |
MrBrownJay1: Did the OP said he wants to build house on the land, his parents jxt wanted him to invest on landed property. Who knows land worth of 900 thousand today may worth 8-10 million naira in the next 3-5 years depending on the level of development in that particular location. So stop misleading the guy, renting and furnishing a house is not suppose to be his priority for now so far his parents are not maltreating or despise him in there house. My own little advice though. |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Olakunleyakub(m): 8:29am On Aug 21, 2020 |
Guy calm down. The 1m does not av value in today's economy. I av a friend here with me that can spend that 1.2m in the space of 30mins. If your parent are not hard and difficult on you den why rushing to.be independent? What about if you move out, den you lost ur job and you be spent nearly all the money in.renting and furnishing the apartment? or do you think anything is constant in this life? See am a realtor and real.estate consultant so I know what the values of property worth now. The best investment is property cos they always appreciate unless cars that depreciate in value. Just buy the land with document of ownership and wait small while it appreciate. Note: the difference between the rich and poor people is investment Poor people are always spending on liabilities while rich people spend money on asset.goodluck. 2 Likes |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by kenx1(m): 8:29am On Aug 21, 2020 |
Assets over liability Think wise! |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by stevenosa(m): 8:30am On Aug 21, 2020 |
MrBrownJay1: ***Do you have great/good advisers and counsellors around you? If not, seek them out and ask for their help and counsel. But remember, there is a counsellor close to you and in you whose counsel trumps all others: The Holy Spirit.*** |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Solatium(m): 8:30am On Aug 21, 2020 |
ExBanker: The part that got me thinking that the job is not legit is when he keeps reminding us that he has a job. |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by AceVentura: 8:31am On Aug 21, 2020 |
Little One!!! Buy the land now & allow it to increase in value. By the time you rent a place to live on your own, you’ll see bills & your eye go clear. Be smart. 2 Likes |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by DeRay98(m): 8:31am On Aug 21, 2020 |
My friend, don't follow the wish of most people your age to move out in the name of "to be a man". If you could make such while living with your parents it's wise to remain there, buy a land and secure it. Continue to work on making more money lawfully to invest and build a stable income before moving out on your own. Forget about spending money on so called enjoying life and girlfriends 1 Like |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by stevenosa(m): 8:33am On Aug 21, 2020 |
CuteVally: ***Do you have great/good advisers and counsellors around you? If not, seek them out and ask for their help and counsel. But remember, there is a counsellor close to you and in you whose counsel trumps all others: The Holy Spirit.*** |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by KristaPretty(f): 8:35am On Aug 21, 2020 |
So just 1million you want to move out and be a big boy Still stay with your parents, provided they are not complaining. Keep saving enough. It's possible to remain there and have a larger account, get a land, build something portable and move from there to your Personal home before 30. By the time you pay rent, furnish house, that 1million don finish. |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by deltateam: 8:37am On Aug 21, 2020 |
proclinician: I'll simply ignore you cos it seems you're a programmed bot fashioned after the slave master's mentality. I believe strongly that once Nairaland begins it's anti bot captcha test, you will be the first to be detected. 1 Like 1 Share |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Nobody: 8:39am On Aug 21, 2020 |
Buy land and enjoy your parent's house. It's easier to save in your parent's house, don't waste this opportunity. Sit down and be humble. |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Civilengineer: 8:39am On Aug 21, 2020 |
OneMillionBTC:op will never take this advice lol. Mumu done budget 800k for renting and furnishing already. Who did this to Nigeria youths, this guy probably hit this cash at once because someone who saved for it won't be that stupid. You are 25 and thinking of renting a 3bedroom flat if u eventually move out which means those at 30 will be thinking of 6br flat. His parents probably don't want him to get stranded when the money finishes because they know his source of income isn't regular. My advice to him is to further his education or go learn a skill period!! |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by iObEy(m): 8:40am On Aug 21, 2020 |
CuteVally:My friend I know that as young guys, independence usually comes to our mind but if you can swallow your pride, I'll advice you to invest that money somewhere... Buying a land is not a bad idea. D way people dey buy land now, in time to come, land will appreciate exponentially. Invest now and enjoy later. Thank me later |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by proclinician: 8:42am On Aug 21, 2020 |
deltateam: It's a pity a whole race chose this level of thinking. Look where it has left us. It's a pity. |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Sarang(f): 8:42am On Aug 21, 2020 |
bigpicture001: It is his greatest achievement and it is not easy. |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by tshabalala: 8:47am On Aug 21, 2020 |
....... |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by lekxaid007(m): 8:52am On Aug 21, 2020 |
Zzor:hanty you yourself are you a virgin? you can't be expecting to have a virgin man if you are a borehole. |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by fortune1894(m): 8:52am On Aug 21, 2020 |
THERE R MANY THINGS U CAN'T DO UNDER UR PARENT'S ROOF,U WOULD B SURPRISED THOSE FRIENDS UR PARENTS R TAGGING AS BAD WILL B THE ONES TO TAKE U TO THE OTHER LEVEL 2 Likes |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by brainworkng: 9:00am On Aug 21, 2020 |
Start a business with it |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Ckmilly22(m): 9:01am On Aug 21, 2020 |
Prechgold1180:hmmmm Prechgold1180:hmmmm |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Nobody: 9:01am On Aug 21, 2020 |
CuteVally: go and start a business with the money so you can feed your parents in their old age. packing out or buying land is not what you need now. 1 million naira is peanut. if you don't invest, it will vanish within 6 months. |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by sorepco(m): 9:06am On Aug 21, 2020 |
Live with ur parents for now my friend. Do not buy any landed property in the village now. Rather buy in the city where you reside n build a house with attachments for tenants so u can ve a steady monthly inflow of cash! I don't know what u do...I wud ve said go into any business....keep staying with ur parents n save up again to attain another 1 million. Then start ur foundation! U want to go n start paying rent now when u ve a free house? Don't do that CuteVally: |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by shefij: 9:06am On Aug 21, 2020 |
Bro you are still young, one million naira na small money, my advice would be that you still stay with your parents and huzzle up for more it would be advisable for you to buy a land than renting an apartment, note you are going to pay for rent yearly and you will also need some stuffs. It's better you get the land.... 1 Like |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by emydnobl: 9:10am On Aug 21, 2020 |
Zzor: Are u serious? Then pm me.. |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Nairalandmonika: 9:13am On Aug 21, 2020 |
Odion2016:For ordinary one million naira. Nigeria is truly finished, if it's not normal for a 25yr old to have one million. 1 Like |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Nairalandmonika: 9:14am On Aug 21, 2020 |
Zzor:U are looking for a 35 yr old virgin man? |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by ABIODUN105(m): 9:14am On Aug 21, 2020 |
Petyprincess:AMEN |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by sorepco(m): 9:16am On Aug 21, 2020 |
Yes. But not in the village. CuteVally: |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Nairalandmonika: 9:18am On Aug 21, 2020 |
bigpicture001:You won't blame him, it's the country will find ourselves, for a 25 yr old to make one million naira legit seems like a big deal. |
Re: Age 25 With 1 Million Naira & Living With My Parents: Buy Land Or Pack Out? by Nobody: 9:23am On Aug 21, 2020 |
Personally, I feel if your parents are not over burdening you, and they give you your space, then stay there as long as you can. Save money and invest. You need focus right now. When you start living alone the temptation to carry women will increase. Just focus and live with them as long as possible. You have your whole life to live outside your parents' house. That's my own opinion though. I have friends with more money than this 1.2m and are your age mates and even younger and they are still comfortable in their parents house. Just think of what you can invest the money on that will multiply the money. 1m is not alot of money oo. If you don't use it well, it will finish now now. |
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