NewStats: 3,264,107 , 8,182,618 topics. Date: Monday, 09 June 2025 at 05:04 PM 385n50

Richnero99:
should I pm you for links?

No Wahala

essentialone1:
I have been reading this thread, but I am yet to see anyone mention the 2 most important things I always love to hear and read on this and similar subject matters. It is never just enough to say I am now making money. You have to have a personal Annual Statement of Financial Position. You don't need to be an ant to do that. It's simple but you have to be intentional about it.

1. You need to always know how much you are now worth in dollar . You don't need to exchange your physical naira to dollars for you to know that. Just calculate It online. It is very important so you know if you are actually growing financially or just moving in a circle. For example if by last year, you had 750,000 naira as your Available cash by 19th December 2023, by today 19th December 2024, you may now have 1.2million naira as your available cash. Some people here will think they have grown financially, but in real , you have actually become poorer. If this is not clear to you, you need a lot of learning to do in Financial Management.

2. Having taken care of number 1, next is to find out your increase or decrease in of percentage based on the same dollar rate. Using same example in number 1. The person who had 750,000 naira last year could be said to be worth 1,000 US Dollars. But by this year, even with his or her 1.2million naira, the person is now worth about 772 US Dollars. If I am the person, I will clearly know that this year 2024, I had a 22.80% decrease in my financial position. It will keep me on my toes, and make my head go restless on what and what to do to improve. But if unfortunately such a person is celebrating that he or she has made more money this year, I can only just shake my head.

I know several persons will say I am speaking trash, and that this is an unsolicited advice, but I always like to put these 2 points out, so that you keep track, and so that you do not end up celebrating poverty, thinking that you have become richer.

Indeed, those are highly impressive takes which basically every one should implement as part of their personal finance strategies.

You need to adjust for inflation and currency depreciation in any country's economic ecosystem.

Akpatan:
Meerahbel- The reason broke people are broke is because they are their ONLY producing asset.

The reason rich people are rich is because they ACCUMULATE income producing assets.

Happy Holidays!

Bring this down to a lay man understanding.. I no go school.. mbok!

This statement highlights a key difference between the financial mindset and strategies of broke individuals versus rich ones:

The Broke Mindset
Broke people often rely solely on their income from a job or a single source. This means their financial stability is deeply tied to their ability to work and earn a salary. If they lose their job or face a medical emergency, their financial stability is at risk.

The Rich Mindset
Rich people, on the other hand, focus on accumulating income-producing assets. These assets generate revenue without requiring direct involvement or trading time for money. Examples of income-producing assets include:

1. Real Estate Investment Trusts (REITs): Providing rental income.
2. Dividend-paying Stocks: Generating regular dividend payments.
3. Peer-to-Peer Lending: Earning interest on loans.
4. Renting out Properties: Receiving rental income from tenants.
5. Intellectual Property: Royalties from patents, copyrights, or trademarks.
6. Businesses: Creating systems that generate income without requiring direct involvement.

By accumulating these assets, rich people create multiple streams of income, reducing their reliance on any single source. This diversification helps them build wealth more consistently and resiliently.

Key Takeaway
The statement emphasizes the importance of moving beyond relying solely on a salary or a single income source. By investing in income-producing assets, individuals can create a more sustainable and wealth-generating financial foundation.

seetomorrow:


Please I am interested and how does 4,5, and 6 works?
Waiting

4. There's a thread on it in the investment section
5. Visit dmo.gov.ng everything you need is there. Debt Management Organization (DMO)
6. REITs can be gotten on NGX you have to have an with a stock broker.

seetomorrow:


Please I am interested and how does 4,5, and 6 works?
Waiting

4. There's a thread on it in the investment section
5. Visit dmo.gov.ng everything you need is there. Debt Management Organization (DMO)
6. REITs can be gotten on NGX you have to have an with a stock broker. See my previous post on 6.

Ouchbabe:

I'm so happy for you sweetie. Reading your post as a female gives me joy.
You are a motivation to other women.
Greater you I pray 👍

Amen.

ufdfashion:


Great.
Bro can you pls share with me sure reit brokers locally and internationally.

Locally can be gotten on NGX.
Internationally, you can use bamboo or trove, they are other apps too but I use Trove, you can also sign up with the link on my profile we both get free shares from trove.

Meerahbel:
Thank you for your this question.

Risk=Rich
Fear is what is holding many people from reaching the peak.

You can save by either living below your means. However savings CANNOT make you rich.

Let assume you just got a job, you can squat with friends or stay with parents and when you want to get your own apartment go for a single room not a self contained or if you lucky the jobs gives you accommodation (you are to left with only the expanse to feed yourself) With 60k, save 20% that's N20,000 a year would give you 240,000, that's if accommodation is provided but if no accommodation is unavailable you can do 5-10k per month, you can decide to buy a plot of land or invest in crypto, stocks market most especially foreign stocks (because earning in naira is no longer profitable), Treasury bill, or FG savings bonds (5000 to start by the way and you get interest quarterly) Your return can be used to pay monthly bill in the case of FG savings bonds school fees though or professional qualifications exams.

Invest FIRST, then SPEND the rest.

Everything is all about planing, the day you start taking actions and stop complaining or giving excuses you would see the difference.

Another cheat code to wealth is in Real Estate.
For instance, a land I bought for 800,000 in 2015, today that land is worth more than 15 million naira, you can decide to sell and go but an acre some other place. When you buy the acre, you self a plot or two and go to another place buy an acre and RINSE & REPEAT.

I am invested in the following;
1. Crypto
2. Stocks market (both local and foreign) I use trove for foreign stocks, if you interested use the link on my profile to get started we both get free shares.
3. Real Estate
4. Nigerian Treasury Bills
5. FG savings bond
6. REITs (silent money spinner)
7. Remote jobs - By next year I will no longer do 9-5 anymore, I done with onsite jobs
8. My Spa business

No rich person depends on one source of income.

I hope this helps.

Impressive takes.

kmaster007:
How can someone invest in real estate

Good morning

Investing in real estate can be a rewarding venture, providing rental income & potential long-term appreciation. Here are some ways to invest in real estate:

Direct Property Investment
1. Buying Rental Properties: Invest in residential or commercial properties, renting them out to tenants.
2. Fix-and-Flip: Buy distressed properties, renovate, and sell for a profit.
3. Wholesaling: Buy properties at a discount and sell to investors or buyers.
4. Buying Land in remote areas or close to a developing area

Before investing in real estate, consider:

1. Risk tolerance: Real estate investing involves risks, such as market fluctuations and tenant vacancies.
2. Financial situation: Ensure you have sufficient funds for down payments, closing costs, and ongoing expenses.
3. Time commitment: Direct property investment requires time for property management and maintenance.
4. Research and due diligence: Thoroughly research investment opportunities, considering factors like location, market trends, and property condition.

It's essential to consult with a financial advisor, attorney, or real estate expert to determine the best investment strategy for your individual circumstances and goals.

OBTMOS:


I’m interested please

Good morning, I cannot drop my number here, you can leave your email address.

socialjustice93:


The real deal now is DePins and Testnets, but most people are either lazy or don't have a laptop

Veenbanks:
Synthetic trading. I bless the day for venturing into this industry.

HI BOSS PLEASE CAN YOU GUIDE ME TO ON KONGA OR JUMIA

ecomalchemistt:
Gadgets and accessories business.

Daily income business printing cash daily, if you have funds and import directly , the better.

I have 5000 pcs of BASEUS powerbanks , laptop powerbanks for wholesale and retail....if you are interested in becoming a wholesaler / dropshipper or retailer, reach out.

checkout BASEUS powerbanks business here > > > > > > > > https://nairaland.isosite.org/8163865/baseus-30000mah-15-20w-available

BAVIN Laptop powerbanks Dey move market too > > > > > https://nairaland.isosite.org/8293123/bavin-laptop-powerbank-08148578730#133352107


Quick screenshot of my Konga store shows how much you can make from powerbanks alone if you are well positioned.

That’s a business that can fetch you 20k daily without doing much.

Meerahbel:
Buy ARADEL if you have money on NGX.If you're looking for companies that offer Real Estate Investment Trust (REIT) services in Nigeria, here are some top options:

- UPDC Real Estate Investment Trust (REIT): A close-ended real estate fund listed on the Nigerian Exchange Limited (NGX) and regulated by the Securities and Exchange Commission (SEC). They offer a diversified portfolio of real estate assets in Lagos

- Union Homes REITs is listed on NASD

These companies provide various options for investing in real estate in Nigeria, offering benefits like stable cash distributions, rental income, and potential long-term capital appreciation.

True that.

WHATS SPECIAL ABOUT YOUR PHONE NUMBER WHO U HELP?

Meerahbel:
Good morning, I cannot drop my number here, you can leave your email address.

socialjustice93:


The real deal now is DePins and Testnets, but most people are either lazy or don't have a laptop

Please tell me more about this.

Meerahbel:
Real Estate Investment Trusts (REITs) in Nigeria offer a unique opportunity for individuals to invest in real estate without directly managing properties. REITs allow people to buy and sell shares in companies that own or finance real estate properties, providing a way to diversify investment portfolios and earn rental income without the hands-on work of being a landlord

Types of REITs in Nigeria:

- Equity REITs: Invest in and own properties, generating income from rents and property sales.
- Mortgage REITs: Invest in and own property mortgages, generating income from interest on the mortgages.
- Hybrid REITs: Combine elements of equity and mortgage REITs, investing in both properties and mortgages .

*Benefits of REITs in Nigeria:

- Liquidity: REIT shares can be easily bought and sold on the Nigerian Stock Exchange.
- Diversification: REITs provide a way to invest in real estate without directly managing properties.
- Stable Income: REITs can provide a regular stream of income through dividend payments.

Challenges Facing REITs in Nigeria:

- Lack of Public Awareness: Many Nigerians are not familiar with REITs and their benefits.
- Difficulties in Processing Land Titles: The process of obtaining land titles in Nigeria can be slow and cumbersome.
- Limited Regulatory Framework: The regulatory framework for REITs in Nigeria is still evolving and may not provide sufficient guidance or .

Despite these challenges, REITs in Nigeria have the potential to provide attractive investment opportunities and contribute to the growth of the country's real estate sector.

socialjustice93:

Lol I don off am. Abeg teach me stock I'm eager to learn. Discord, telegram any link to ?

Yes there are links to .
Discord reach out to megawealth on NL.
Telegram MyCryptoNGairdrops

egunna:
how can I talk to you privately pls?

Please leave your email address.

africanman85:
Can u teach me remote job ?

I cannot teach you remote jobs but can teach you skills for remote jobs depending on your ion.

medolab90:




Only you


You must be close to being a billionaire

Unfortunately I am not but grateful where I am today.

CAN U BUY MY RAM AND SSD I WILL DELIVER MYSELF NO NEED FOR AGENT

LordBiden:


My biggest source of income has been importing fairly used items from top USA online markets to sell in Nigeria.

I import stuffs like mobile phones to sell here in Nigeria,I get these products very cheap from sites like ebay,offerup,Facebook market place.

Its a business I have been doing for years now,and there are legit agents that help with everything from payment,shipping and delivery to Nigeria.

This imported phones are then sold here in Nigeria using different classified online markets or offline to make huge profits.

EHEN AGBA BETTER

Damilola0147:
This may sound weird but my biggest source has been sport betting . Have made couple of millions this year already.

BODY GO TELL AM

DJInfluence:
you want to have a story that touches the heart?

LAST 1% BABA IJEBU

TheChameleon:
1. BMC duties from Buhari days 30%
2. Gigolo duties 69%

A nairaland thread grew to 11 pages without any ethnic foolishness. Wow!

OGA CALCULATOR WHEN YOU GO CALCUATE YOUR OWN

AmalaAtiEwedu:

na so coppers wey d serve for that state d enjoy?
193 Kpa just like that in total

IS IT PROFITBALE IF I BUY 1 TO ADD TO YOUR COLLECTION

lekanation:
Haulage business 10 tyres tipper precisely

MORE SITES FOR YOU TO COVER

OgwuEgo:
Working as my friends site manager.

SAME AJO BUT THIS TIME U ARE THE BORROWER BUT GIVE ONLY TO PHSYCIAL SHOP OWNERS WHO ARE GENUINELY IN ACTIVE BUSINESS OF BUYING AND SELLING

Tunjoel:


What do you mean by business lending

WHAT IS THIS ITEM I NEED IT

Fapemz:
I have been providing power solution to many clients most of which are remote workers and crypto boss across the country. From home inverter to laptop powerbank and phone powerbank. They get value for money and i get paid for my hardwork and dedication i put into it

AngelSlay:
How?

magic