A MUST READ – If you don’t want to remain poorer

This article contains financial secrets that will set generations free from perpetual poverty

There is no two ways to a successful venture in Life than learning the secret of those who have excelled in that field. No man is an Island because knowledge is power. The success of an investment will be determined by how much you can endure to learn the Do's and Don'ts Let us use real estate for a case study, for example there various method that one can explore to buy Luxury and Custom Homes with the little money you have. Most of my readers wanted further explanation for a better understanding; I have decided to write more on it. This will take volumes of write ups, time and resources

Traditional Thinking

Do you know that you can own your house with just as little as you can afford in your choice location. So, many people have self denied themselves the biggest opportunity of a lifetime by thinking in the line of “Me” rather than “We”.

The Thin Line between the Rich and Others

For instance there are Luxury Real Estate naturally reserved for the super rich, for instance in Nigeria, places like Ikoyi, Banana Island and Lekki are seen as no go area for salary earners and small businessmen, these are choice areas for super rich, places like this are found in every major cities of the world exclusively reserved for the well to do due to the high purchasing price of such properties

Life is an irony, the ordinary man who found life difficult lives next to the rich neighbor who lives in affluence, with best facilities, sleek cars, best schools for kids, and world latest facilities at their disposal. Ironically the ordinary man next to him lacks everything he has, however you can be part of this opportunity with just little if you make the best use of it...

For instance Apapa and Ajegunle in Lagos are a Juxtapose, in-between both is a small lagoon lagoon, and Apapa house the rich while Ajegunle represents a slum. We all find ourselves in similar scenarios at least at one point in our entire life except for those born with a silver or golden spoon.

Are You Contended With a Low Life?

The question now is, Will you accept this low life and make it y our abode or find a way out from this debasement. Mostly this is due to your low income, lack of enough saving, lack of credit standing for loans, it could also be a long lasting poverty within a family, and it could also be lack of seriousness in life and several other factors that have lasted for long.

Almost two third of the world population suffer financial agony. Most of them are indebted for life. .

Looking at this issue from a new angle, our system have consistently enslaved the ordinary citizen, the life of the low income earners have been mortgaged through various financial policies such as

Credit Financing Loan Home

Most people are silently groaning in financial pains, their condition have made half of their lifetime miserable, family shopping is done with caution, school tuition for the kids had made life more unbearable, their personal careers have been jeopardized and most of them have become slaves to their jobs, mostly because a week without a job is like aggravating the already worsened condition of their dependants. The way forward is for individual to

Apply Wisdom to Take Financial Decisions

Government financial policies are rife with invisible setbacks for the ordinary man. Particularly, home loans in most instances impoverish the citizens especially if financial wisdom is not applied and because of this lack of vision most people will remain indebted throughout their lifetime and these debts are mostly transferred to their benefactors, if you cannot leave assets for your children at least let your death be debt free for the sake of posterity and this is why most people remain financially imprisoned for life.

A very good case study is that of Mr. Martins who lives in Lagos he works as an accountant in Zenith Bank, he has three kids and is doing financially well; at least with a car to himself and one for his wife, his children are still in junior college and the youngest in Nursery school.

Five years after he got a job, a colleague sold the idea of owing a house of his own, he considered it but what he failed to determine is to double check if the home he wants to purchase will be an asset or liability to him,

Mr. Matins thought he took the best decision when he got the loan, but forgot to look at the lifetime implication of a huge loan on long term repayment plan; the Banker talked him to it, because the more people that owns a Bank the more prosperous for them. The financial game is about Who is indebted who? Always the debtors carry the burden for both. Alternative rely more on Real Estate Alliance to execute property projects that demands less capital We all at a point have used our hard earned money to incur liabilities thinking they are assets. If most of our purchase is liabilities then it’s not worth keeping. In this case, Mr. Martins never checked the financial position of owning a home at that point in his life, at the end; this mistake will continue to hunt him for the rest of his live.

95% of the world population does not agree on the theory that "It is more difficult to spend money than to get money" and this is the more reason why generations of families who disagree with this theory continue to live averagely and below average.

At different points we have taken wrong financial decisions and within seconds all the money we earned and borrowed have vanished into thin air. Why simply because most people don't know how to spend money and that is why your investment end up becoming liabilities rather than asset, but we all blame it on Government policies, recession and inflation, what else will you say could be your spouse fault, This is simply because you don't know how to spend money. To move beyond an ordinary man on the street you have to lean the ticks of how best to spend money.

Our parents, schools, friends and families have made us to believe that owning a house is the best asset that everyone could have, this could have been true if they continued by telling us the How, When and Where to do it. Most people failed to know how and when to own a house.When to own a house and where to own a house this have made it possible for most home owners to become impoverished after owning a house, most of them develop financial crisis after purchasing their house, some eventually developed marital crisis due to financial crisis after these issues will be addressed in the near future.

Being a Banker, it was easier for Mr. Martins to secure a loan for a house in Banana Island worth $2m and this was almost five times his annual income. The loan was repayable for ten years and as such his monthly income suffers a regular deduction and ironically his taste also increased due to his new status.

He had appetite for a new car, his first kid was admitted into a private university and because of the expensive neighborhood, and he wants to live rich like the other big boys driving in customized cars and their children mostly enrolled in British Schools and Best International Schools

Due to this financial confusion in his life, he had very little money left to graze his appetite and new lifestyle, invariably all these became a catalyst to his financial demise.

Majority of our ailments are associated with psychological trauma from financial to marital stress and job related problems, but in all financial mismanagement have send billions of people to their early grave. Most home owners have to battle with debt repayment and home financing and it has not been an easy task, leading to health problems due to the physiological stress attached to it. To become fee you need to take financial lessons. Eventually, Mr. Martins became dissatisfied with his job but couldn't resign because he was unable to get a better job that will pay for his home loan and more so, he was financially indebted to his employers, he had no choice but to remain with the job, at a point he became very aggressive with his wife such that every little conversation will end up in a quarrel, he was later diagnosed of mental disability, he couldn't help it so it his health worsened into a terminal cancer that eventually lead to his untimely death.

The worst did not end with his death; he was left with 3 years to repay his loan, even all his entitlement was not enough to pay up. After his death, his wife inherited the loan and all liabilities; this is quite unfair to our loved ones after spouse demise.

This type of episode is still playing as of today in our society. Most people's life are similar to that of Mr. Martins and at this point we have to take our time to plan better for the future ,not only for ourselves but for the whole family in order not to put them into a deep hole of liabilities after our departure. Did you know that you can own a house without being indebted?

How to own a house with Little Money

Let us look at the case of Mr. James and Mr. Steve, they both share most things in common, they work as civil servants with families to cater for, average wages, not enough fund to do a home purchase and life is pretty harsh with them.

Mr. James is totally frustrated about his financial predicament he is tired of paying rent, he only manage to save little every month he his burdened with family needs, yet he is scared to apply for a home loan, he is scared and wants to avoid the fate that befell Mr. Martins, the story was very traumatic to him, he would not want to fall victim to any form of financial imprisonment hence, he spoke with friend Mr. Steve who has the same predicament with him.

It was not difficult for them to reach a compromise pulling up resources together, but eventually they agreed and constructed each unit with a separate entrance and parking space.

This twin duplex can contain two families it is ideal on an 800sqm land,, it is cheaper if you build yourself and design to sooth you family needs, also you can buy a wing stead of a whole house, more so investors can build to sell for average income earners To live in your choice area two families who agreed to share will find it easier to fulfill their dream

However, it took them time to decide whether to Buy a House and convert it to a two family unit home or a piece of land to build to their requirement, though both are good options but they eventually opted for the land.

Thinking differently, it may be difficult to get a bare land in most major cities but in such a circumstances, one can opt for a rundown house, small house on a larger piece of land, one can then buy it, demolish and build a two unit family house on it or if the house is not too old and to save cash, a good structural engineer will add few walls and breaks to easily convert it into a two (2) unit family home.

Land titles, documents and ownership can contain multiple names to indicate that the property belongs not to only one person. In Nigeria a certificate of occupancy C of O may contain names of couples, friends, clubs, associations and this is a global practice available in most countries of the world

The problem, most people face is trying to do a solo show which is a slower option, as a result the super rich and multinationals embraced mergers and acquisition, having operated for decades, they eventually realize a group performs better than an individual company, and as such the likes of them embraced one another to execute projects and break into new markets, if not it would have been impossible for them to achieve new markets, products and discoveries individually.

How many counties of the world are manufacturing, rather the world powers have reduced smaller countries to consume nations, why have they not taken time to teach developing countries how to manufacture what they need. At this point in your financial life, for you to excel what you need is to learn how to spend your money wisely and be financially independent without debt. The secret of life is, when you are dying of hunger the rich will never tell you how to make money rather they will prefer to loan you money to buy a house, instead of them teaching you the secrets of how they were able to achieve their own success.

Obtaining huge Home Mortgages only helps you to be perpetually indebted to the oligarchy, why not break this jinx and be free from financial slavery, even if you have to take a loan take lower amount and not a long term loan, Low amount that you can repay with 6-12 months not the loan that will drag you till eternity when your family will have to inherit it as seen in the case of Mr. Martins, an amount that could be repaid within the shortest given time.

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