Good day beautiful people!
How are you all, hope you're good and having a nice moment? Just be good 👍.
Thank you sponsorsI had a very nice moment yesterday listening to a radio station. The topic discuss was so interesting.
Let me bring it up here
There's a guy of 35years old, he has a job that gives him N40,000 every month and he's living in a self contain apartment (a room with toilet and kitchen also known as bedsitter). He has a serious girlfriend that he's been dating for over two years and if things go well, he'll marry the girl.
He was living and managing well with salary but miraculously, fortune smiled on him and he became N3 million richer. He didn't know what to do with the money, he thought of many things but he contemplated so hard because he doesn't want to waste the money or put it in a wrong Investment.
He ended with three options and they're as follows!
Use part of the money to buy a plot of land and possibly lease out the land or build on it.
Buy a very fine car with the money and uses the remaining amount to venture into a reasonable business.
Marry his lovely girlfriend that has been with him in during the tough times.
He opened up the options he has in mind for people to advice him on what to do.
A lot of people contributed wisely(of course none of them were fools because they saw everything in different angles).
To some extent, he was told to write off anything called marriage to focus on investing the money to be getting good returns in business. But when some people contributed and countered the idea of pulling off marriage, we saw it from another good angle too.
Although marriage is not so a good investment to pour money into but considering the girl too, it won't be fair if she's pushed aside now that the money they've been waiting for has finally arrived. Yeah, they said it won't be fair for the girl to be pushed aside, he should do a low-key marriage to secure the good girl and they should plan not to bring in child to come into play untill they're balanced enough. Just as we all know, we have the common mentality of giving birth immediately after marriage which is not outrightly fair.
The car opinion was written off totally because car comes with huge financial demand for maintenance. Although it'll possibly be productive if the car is put into transport system but the outcome doesn't end well most times due to breakdown and maintenances.
For the land? Getting a land looks good but it all boil down to what he wants to use it for. If it's building, it won't go well for now because N3 million can't do anything in this economic hardship. Unless he wants to put it into farming or lease it out for more important stuffs that would be bringing in money on a good basis.
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The truth is that, it's much easier to advice someone when we are not the one on the hot seat.
A lot of people gave him the idea of pouring all the money into Crypto and wait for doubling in a short time...it sounds good but what if an heavy dip occurs? That would definitely be the end of that guy unless he'll wait for a miracle.
But for me, he should prioritize gaining continuous inflow of income with the money, I mean he should invest it wisely in a business (or different businesses) and be getting returns in bits regularly.
For marriage? He should suspend the thought for now and get a firm way of investment before reasoning marriage.
We have our different opinions, what advice would you give to the young man?
He should go for;
A car first?
Marriage?
Land?
Feel free to drop your contribution on the comment section.
Thanks for reading
3rd December 2022
I should agree also when he chooses the money for business, it's a wise decision for me.