PLEASE HELP! Do I Build A Small House Now Or Keep Saving?


I am in a dilemma worsened by this covid19.

I am a graduate male of 29 residing in the East.

I still squat with a friend, not because I don’t have money for house rent.

… But principally because I have been unable to figure out what I want to do with my life, hence renting a house feels like a commitment that might get me stuck.

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I always feel I might move anytime soon– to either another state or abroad for masters or just practice of my profession. Note that I didn’t study a STEM course.

All these while squatting, I have been saving via my proceeds from hustles.

In the wake of this COVID-19, I checked all my banks and found out that money I have in my account has lost so much value given the dollar rate.

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I have 11.4 million, inclusive of my working capital, plus a rickety car valued at 350k. Each time, I need just 3-5 m as working capital.

It seems that trying to save more is a false economy and might be counter-productive.

NOW, I AM CONSIDERING buying a plot of land and erecting a small house even if it’s 3 rooms. This, I think will serve as an investment that will keep appreciating and also serve as a residence.

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Or just open a domiciliary account to hedge against naira fall and continue saving.

What Do You Think Please?

The post PLEASE HELP! Do I Build A Small House Now Or Keep Saving? appeared first on Naijaloaded | Nigeria’s Most Visited Music & Entertainment Website.

Source: News update


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