Hehehe..Wise man!..Nice1

We nor come this Canada to come count skyscrapers..

Godbpraised:
Well said you spoke my mind. That's why I av adopted the 30-30-40 rule. My expenses after collecting my pay package for Canada 30 percent, investment for Nigeria 30 percent , then 40 percent on investment in Canada. Incase any thing my life is secured by Gods grace .

Godbless you for this..Exactly what I intend doing when I start having kids..They would visit regularly and I will encourage them to own investments in Nigeria as well..

Godbpraised:
The panacea for this problem, is any one staying abroad is whilst ur kids are growing up once in a while have them come see Nigeria. Let them enjoy when they come back to Nigeria. Do not start telling them Nigeria is a shit hole else them no go wan enter. To me it's an investment.

Awesome

oludy:


The power of compounding and patience. It's mind blowing.
I verified this using an online tool.

Thanks for this.

Thanks alot Sir.

MrMcJay:


Definitely. If you are paying by instalments, please ask your lawyer to prepare a Contract of Sale immediately you make the first payment.
If you are making an outright payment, ask your lawyer to prepare a Deed of Assignment for you to execute with the company.

Some real estate companies insist on their lawyers preparing the transaction documents but I believe if you're buying 10 plots, they should be flexible enough for your lawyer to prepare your documents. If they don't allow, ask your lawyer to proofread the document thoroughly and iron out all detrimental clauses before you sign.

Hello Sir, please I have a question with regards to the "CONTRACT OF SALE" mentioned in your comment below. Could you pls explain abit further what its about.

Also, I intend buying some plots of lands about 10 from a real estate firm, would you advise I ask a lawyer to draft this; "Contract of sale" and get the seller to duly sign it?

Thanks

MrMcJay:


See, let me tell you, in all the properties my clients bought with sitting tenants, none of the tenant has left as at the time promised, not a single one. Even a property where the seller was living with his family, he extended his stay. It was when we withheld his balance payment that he moved out. There was another tenant that reported the seller to the police. This was a tenant that was owing 3 years rent.

What I usually advise is that if one wants to buy a property with sitting tenants, what to do is to ask the seller to eject all tenants and deliver up completely vacant possession. Meanwhile, pay about 60% of the purchase price and prepare a Contract of Sale signed by the seller. The remaining 40% would be paid whenever all the tenants are out.

Bro, dont bother arguing with him further..some people are not open to taking corrections when they are wrong, they would rather result to insults when they notice their ignorance is been exposed..

MrMcJay:


The purpose of a property is written on the CofO. Then you are issued with a C of O, the purpose is written on it. You have Residential, Mixed-Use, Commercial, Industrial, Agricultural, Utility, etc written on it. There is a reason why it is written on it.

Registered Titles particularly C of Os determine the use of a property.

Lololololololol..

emmanuelewumi:



Kindly sow it into the life of your spiritual father, that is your Pastor, Imam, Rabbi or Priest.


It should end in praises in 2 years time.




Don't mind me ooo, buy money market fund

I Doff my heart for you Sir..You are a blessing to this thread.Should you ever decide to write a book on financial literacy, i will do well to market it to as many people as I can..

Keep up the good work..

emmanuelewumi:



Get a budget, operate within the budget try and save 5% of your income every month for a start, cut off unnecessary expenses then increase it to 10% and more Get a side hustle which can generate more income.


Education of our children is a right that can't be negotiated, giving them a headstart through good investment is very important in Nigeria.

The average person will think of only education, don't join the group of the average Nigerian.

Its very difficult

emmanuelewumi:



Exactly, capital will appreciate when a business grows.


In 2004 Peterside Atedo the founding CEO of Stanbic IBTC Bank, said his friends who invested 100k when he started his bank in 1989, had the value of their investments grew to N120 million 15 years after.

That is the geometrical increase that can happen with a business or Investment in a growth company operating in a growth sector.

The bank grew from no branch, no customer, no profit in 1989, to millions of customers, multiple branches, billion Naira profit etc in 2004.


You also need N20 millon to get a bank license in 1989, you also need over 300k to buy a new Honda Accord from Honda's Place in 1989.

So the 100k invested by Atedo's friends could only buy fairly used cars in 1989 and the car should be a scrap valued at 50k in 2020

Atedo and his friends who believed in him and invested in his dreams are now billionaires in Naira.

But how easy, is it to get honest and trustworthy business partners nowadays?

Sure you cañ, but going through the provincial nomination route may be your best bet.I am guessing you have some good experience.380-390 is too low to get an ITA via FSW express entry ..

Check out this link on provincial nomination.It contains all info you will need to explore this option.


https://www.nairaland.com/4180147/all-canadian-provincial-nominee-programs/289



[quote author=LandMann post=89668129][/quote]

Yea, you are very correct..I am working on gaining my financial freedom..Business/Investments is my top agenda, more reason why I follow threads such as this to learn from the financial gurus on this platform..Thanks for the advise boss..

Godbpraised:
Guy i respect ur hustle, we all came to hustle in canada. Its a smart thing u are investing in nigeria. But the smartest thing is to be a busness owner or a strong investor, in the west no job is gurranted forever people loss jobs etc. when you marry ur responsibility go pass that amount. i know fight u but u need to break the circle of working till u are 70. my thought,

Take it easy o, we arent fighting.We just having a debate and people shouldnt get emotional about this topic please. But to answer your question; I live in Edmonton; a city in alberta.Alberta has got the highest minimum wage of $15 per hour and also the lowest tax rate in Canada.You can check to confirm what I just said.
I live in a flat shared with a flatmate.Rent is $1200 per month(all inclusive of utility bills) and we both pay $600 each..I spend $250-300 on food permonth, monthly bus/train pass of $70;Please before you argue with me on this, its my own expense oo, some1 may have a different monthly expense. So intotal my monthly expense has never exceeded $1500..that lives me with over $3500 for investments.Matter of fact I do invest minimum of $1500(#450,000) monthly im my Naira portfiolio.Same me struggled to save #50k monthly in nigeria while earning #150k permonth as a project engineer in Lagos.


Please like I said earlier its been a rewarding decisioñ for me but I have had of others who regretted after relocation..Abeg make we nor argue am pass like this bros, we all live different lives..#Cheers

Godbpraised:
And you must be leaving under the bridge or on trees in Canada right ? u know go pay rent , feeding nko ? car insurance nko or na bicycle u dey drive?

I dont think he read my first post..Funny enough there is a dude here who is preaching against relocation, but a couple of months ago I saw him asking questions om how he can relocate his family to Canada on the Canada express entry thread.I dont want to call him out, cos him na popular name here..lol..


I wonder if it didnt work out and now he has come to discourage people or he changed his mind about it..lol..
Abeg make everyone do wetin go work for them..

Thisnut:
from his previous post, he said he moved to Canada this year. Only 5months or less in Canada, he's already on a path to better life. should he choose to get some school alongside his Hustle, in a few years you can't compare him with 95 percent of his classmates back in Nigeria.





@ Oluayebenz, i said basically old folks and people with medical conditions. Please quote me right, i use God beg you.

You are right bro..Thats $4200 PER MONTH after tax compared to my $6300 PER YEAR I was earning living in Nigeria..Guess what; in canada aint nothing like a best life, its an egalitarian society.Everyone is entitled to the good quality of life the country offers its citizens, regardless of whether you a millonaire of not..Unless your definitio of best life is going on vaçations on a yatch.lol..Take it or leave it, quality of life here beats what is obtainable in Nigeria..I love 9ja but thankGod I relocated.

My unborn children will no what it meana to live in a sane society where hardwork/excellence is rewarded even tho one dosnt have connections in high places..Peace yall..Let everyone do what works best for them

oluayebenz:


You are earning just 4,200cdn monthly even with lots of OT.

That isnt enough to live the best life in that part of the world

Bro while it seems strange to you, thats what I am currently been paid workinh in FortMacMurray..While other go to camp after 4pm, I stay back and work overtime! Every day of the week my G...Thats how it is in Canada..You work hard and smart, you make shitload of money..Basically work like an elephant and eat like an elephant unlike in Nigeria where I worked from 8am- 6:30pm but still ate like an Ant..

Matter of fact some canadians went home this weekend complaining they cant be away from their family for too long, but I go no where! Lol..I am going to continur raking in the hours and getting my pay..You get the gist now ba?

Ikjosh04:


I doubt if that guy is saying the truth. People should refrain from coming here to sugar coat things.

In canada there are times I go out at 2am and never have cause to fear for my safety.Matter of fact on days I dont drive, I walk dowñ to train/bus stations..Lets not even make a comparison with 9ja..�

pluto09:



For me the biggest problem is the level of insecurity.
My encounter with victims of kidnappers and armed robbers in recent times have changed my perception about Nigeria.

Oga Ahib I greet you specially.However, I think this Canada/Diaspora journey is very relative according to individuals.For some people its been a mistake while for others its highly rewarding..I relocated to canada this year after living and working in Nigeria as a project engineer..Bros, my salary in 9ja was 150k per month but in Canada I make #1.2M net salary per month. Imagine a project engineer working in Lagos and earning 150k per month, I still have colleagues in 9ja earning 100-120k per month..in addition to my income here in Canada I get access to affordable quality health service and live in a sane environment where things are done the right way..But there are no free money in canada, everyone puts in the hours..I can confidently say relocating is the best decision I have made so far.

For people who are doing extremely well financially in 9ja it mayb be better for them to remain in Nigeria..

ahiboilandgas:
most Nigerian that migrated dont have better quality of life cos cant imagine moving from a deplux in wuse to a condo of 1000 dollars permonth as my life improving or moving from 34 degree to 0 degree or moving from a brand manager to an uber driver or security man or from eating natural organic Africa food to genetic foods or living according to my income to living on debt of 30 years....

Same with me..I havent been able to log in at all

amosfunmi:


Same here. Till now I am not able to Login on FBNEDGE App

Goodmorning everyone..Please does anyone using FBN quest mobile app notice that account info dosnt display after the log in?

Very slow for now..Slump in oil price and covid pandemic has made O&G very slow.

However hope you know you dont get internship opportunity at Memorial Uni? Experience gotten during internship will later prove highly valuable when you commence job search after graduating..Why not try Sait/Nait/UofA or other schools where you are sure of getting internship opportunities.Cheers

Admin9:
Good evening,

How is the oil and gas industry in Canada like? I got into oil and gas engineering in memorial uni.

Honestly dont get them at all..I noticed it too.Or is it that rate for MMF has dipped to 3-4% ?? This guys should know ppl will monitor theit investments and ask questions..smh

Franky826:
After 2 days 21-01-2020 and 22-02-2020. Fbn decided to only pay for 1 day? I'm not understanding. Anyone noticed this?

Hello everyone..Has FBN quest subscribers notice that Interest for the past 2days has not been paid??

Hello sir, thanks for the info thus far.Please what is the minimun amount needed by Morgan Capital to start trading stocks via their platform??

ukay2:


morgancapitalgroup.com

..I likd you jare..You sabi follos who know road

needful:


My name na follow follow ooooo, I go dey follow u for back Sir.

I am also experiencing it..I think their charges are also quite high..

Akin3891:


Fbn quest get keg, it's been 6 days now they are not adding any interest on my account, am I the only one experiencing this or is it general? Meanwhile, stanbic keeps adding up

Why sound so bitter? YOu have never contributed anythinh meaningful other than exhibitinh envy and hatred towards people making progress..These men you are attacking have contributed positively to lives on this thread.I have made good profits on my investments just by listening to their advice..If you cant get motivated by the success of others tak3 your hatred and jelousy to another platform

delawal:

don't mind some of this people . the will come inline and be claiming they know so much. don't u see how some just they call money up and down. d ignorant ones will be confused in DT line. imagine someone saying he will buy a house 40m and rent and sell later. some of these folks who he hide under nairaland monikers no even have anything just to dey blow mouth in this faceless forum

Yes, I have sent an email to my fund manager..









.

seyisanya:

We're together on this one. I did not notice it until about an hour ago. I'll send them an email, maybe you should too. I guess they're still sorting Q4 interest disbursements.

Good evening @all..Pls is there anyone who is on FBN money market..I noticed for about 2days now, I havent gotten the usual daily accrued returns , has anyone observed this also??

What ever choice you make, dont just use Stanbic IBtc...Cos it will take them a lifetime to set up the account and when you do, it becomes an uphil task to fund the account even when yiu have the money to do so..

SaintUlot:
Which fund manager in Nigeria is the best for dollar fund investment, in terms of high interest rate and service delivery?

Stanbic Bank IBTC has the most incompetent mutual funds..Lousy/lazy fellas..Those interested in opening, you better go do FBN mutual funds