I think we can have a more balanced perspective on this subject if we consider these 5 factors: 1. The average rental yield in Nigeria is about 5% to 7%. For prime locations, it ranges between 8% to 12%. Calculating with these rental yield numbers, a N90M is expected to generate a rent of N4.5m to N10.8m every year. We can peg it at the base minimum of N4.5m. The projected N3m annual rent puts the house at just 3.3% rental yield, which is below the average industry standard. 2. Houses just like every other asset apprecaite in value over time. Owing a rental property is similar to owning a dividend paying stock. Your rents are your dividends. You also have the gains of capital appreciation. Let's say the house owner collects rents for 10 years, he would have earned between N45m to N108m in rental income. Real estate in Nigeria appreciates by an average of 10% (or more depending on location) per year. This means a N90m house should be worth at least N243m in 10 years time. If we factor in the rental income generated from the house within the 10 years time frame, it isn't so much of a bad investment. 3. Reinvesting the rental income into other assets can also help you break even faster. Mr. A that invests his yearly rental income into stocks, bonds, or even other businesses will most likely make more returns from his house than Mr. B who just collects his rents and keeps it in the bank. 4. House is a defensive asset. People use it for a balanced portfolio diversification and a hedge against risks of exposure to volatile asset classes like stocks and crypto. Not all assets should be for fast income growth. Some could serve as a safety net. 5. You can sweat the asset (house) further by using it as a collateral to secure loans for other fast income generating businesses. I know there might be concerns of inconsistent payment of rents, maintenance costs and others, but on a on much bigger scale, if we objectively consider all other factors, building a house for rent is never a bad investment. It may not be the best investment option out there, but it isn't a bad one either.

Man. Utd has a broken system with lots of shitty players. Until this is fixed, no coach can get it right.

Barcelona is 2 nil up already and is still first half. Loving it here.

Cheatcode: Use AI to learn how to use AI. It's that simple.

+234 left the chat room.

Is not like I still care about Man. Utd, but God please don't allow them to lose today.

There's nothing wrong in building or owning a house. A house is an asset. A fortress. Your place of peace. It is something everyone should aspire to own if you don't have it already. The point here is.... If you are still climbing up the money ladder, prioritise cashflow. Your first focus should be increasing your earning capacity, making more money, growing your money, and creating systems that will help you make more money. When these things are in place, stable cashflow is guaranteed. And the returns from the cashflows can then be channelled towards house ownership. Do you know why most people are scared of rents? It is due to lack of substantial income or cashflow. If you earn or make 15million naira per annum, will you be so bothered with a 1million naira yearly rent? That's the point. I grew up seeing many "broke landlords" selling off most of their houses just for survival; some of them still have carcass of uncompleted buildings littered everywhere. And the most dominant reason for this was due to lack of cashflow — they had no thriving business(es) or income generating investments. If you have built and scaled your streams of income (cashflow), by all means possible, start building your own house as soon as you can. But if you are still starting off, scale your cashflow systems first before building. Don't bury your first big money into building a house that you might even struggle to complete. However, if you have flexible financing option like mortgage which allows you to split your payment over a period of time instead of committing a lump sum capital at once, you can explore it while building your cashflow. There is no rule of thumb to it. You just have to compare the opportunity costs and make your decision.

10/10: One year ago today, crypto suffered its largest liquidation event in history, wiping out over $19,100,000,000 in leveraged positions.

Always have a budget for your learning and personal development. You are your own biggest investment. Every other returns depends on it.

This is the most important financial advice there is. Don't sleep on it.

Leverage.

Builders need the players to keep building.

"You don’t get rich by diversifying into 50 mediocre assets. You get rich by finding 2 or 3 asymmetric home runs." — Stanley Druckenmiller

Ronaldo is not Portugal's problem and has never been. The only problem is that some coaches are bent on making him look like the problem. I just feel he should have retired from the national team after the last Nations League triumph - when the ovation was at its loudest. Legends should know when to bow out gracefully lest they will be subject to ridicule.

Margin is great…until it isn’t.

The AI ecosystem is what is basically holding the S&P500.

Once you clock that every money you make needs to make another money, your disposition towards money changes.

Let your winners run. Don't jinx it.

A quick way to know if your business is well structured or not is to try applying for loans and grants.

"All benefits in life come from compound interest, whether in money, relationships, love, health, activities, or habits." — Naval Ravikant