What is the first thing that comes to your mind when you receive an alert, or ‘cash out’ big on that new gig or business partnership? I don’t know about you, but I skedaddle my way to the nearest mama-put and buy the best ponmo, at least 4 pieces and step the meal down with a cold drink. Life is good.
Your vanity could be investing in the latest gadgets, buying fast-cars, gold chains, expensive hairs, topnotch outfits, state-of-the-art antiques and more. It’s cool, trust me; but have you ever thought of what happens on the long run?
There are assets, then liabilities. To make it easier so I won’t sound like an economist or accountant, I’ll define them this way: liabilities are stuffs that their prices reduce drastically when you want to re-sell them, while assets are stuffs that their prices skyrocket when you want to re-sell them. Voila! I broke down the grammar. So let’s weigh them.
When a new phone gets launched and costs about N400,000, at the point of resale like 6-7 months later, the price would drop as low as N150,000. When you buy a dress newly, it’s expensive; at the point of resale, it becomes a thrift and the price gets cut down as much as possible. And your cars? When you buy a car newly, it’s relatively expensive; at the point of resale, the price gets reduced. Again, we broke down the grammar. But have you ever thought of Real estate?
‘Land appreciates; Landlords make money even while they sleep’
Real estate is property consisting of land and the buildings on it, its natural resources such as crops, minerals or water, and other movable or immovable fixtures on it. Real estate could be residential, commercial, industrial, or raw land.
About 10 years ago, you could buy plots of lands in the Ikorodu area of Lagos State for as low as N300,000; now the pricing of lands in those areas are rolling in millions.
Real estate investment is one of the best ways to generate a great passive income, boost your retirement savings, reach your wealth-building goals, and diversify your investment portfolio. Real estate provides the highest returns, has very low risk, and a solid investment for your long term sustainable wealth creation goals as well.
One of the greatest benefits of real estate investment is the increased cash flow. We have often heard people say that “landlords become rich in their sleep”. While investing in real estate, your risk is minimized by the length of time one holds the property. As the market improves, so does the value of your property. Real estate investment also gives you more control over your property; your property is a tangible asset which can be leveraged to capitalize on a number of revenue streams while generating a solid income.
So what would you rather bet your money on, clothes, ponmo, or housing?
P.S Never forget, we are always here to help