Thursday, 9 April 2020

WHY IT IS FAR BETTER TO INVEST IN LANDED PROPERTIES THAN EXPENSIVE VEHICLES

Nigerians, between investing in landed properties and acquiring very expensive cars, which one do you prefer? Do you know the difference between assets and liabilities? Let us briefly explain the difference. An asset is what you have that keeps adding money to your pocket, even if you are dead, it keeps adding money to the pockets of your children. A liability is what you have that keeps removing money from your pocket.

Now, the vehicle in the picture above which was destroyed by a road accident is very expensive. They come in different models. They cost ₦300million, ₦200million, ₦150million, ₦100million, ₦80million, ₦70million, ₦50million, ₦40million, ₦30million etc depending on the model. That vehicle removed a lot of money from the owner’s pocket via servicing, maintenance and fueling and after everything, it got destroyed via accident. Millions of naira has been wasted by the owner. Folks, don’t you think so? That vehicle is a 100% liability and 0% asset. Are you using your brain?

Do you know how landed property investment works? Land is the only asset that keeps appreciating in value. Yes, the value never depreciates. As little as ₦2million, you can buy a plot of land at the new Lagos, otherwise known as the Ibeju Lekki. Within a year or two, the plot of land will appreciate by 100% and you can resell it and have a huge profit. Imagine the amount of money the owner of that vehicle in the picture above would have made within a year if he had invested his ₦150million in Ibeju Lekki plots of land.

Who do you really want to impress with expensive vehicles, your friends, babes, relatives, colleagues, club members or competitors? Folks, it is high time you used your brain. Stop buying expensive vehicles to impress people and invest in landed properties and secure your future. See, you have to wake up and run your race. You will understand that you are really on your own when you are financially down.

You have to start building your investment foundation now and the best way is real estate investment. You can check out the links below for available properties in Ibeju lekki and Ajah axis.


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