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Not having adequate knowledge of the right things to look out for when buying real estate in Nigeria could result in unpleasant financial situations and you do not want that to be your story. So here are some tips to help you know what to prioritize when buying your next real estate property in Nigeria.  1. Verify Property Title: This involves carrying out title searches at various registries where the records of properties and restrictions on properties are documented. Investigating property title is very important so that you do not buy a property with faulty title. This process may require visits to state lands registries, searches at the corporate affairs commission, the seller's family house, king's palace, charting at surveyor general's office, searches at the probate registry, and searches at the court registry depending on the type of property and the persons involved in the transaction. 2. Request for Development Permits: The reason you should ask for this is to a...

Do you know that living positive remains a mirage until you stop allowing negative ideas and images influence how you see, think, feel and act. Your mind is a computer, you only process the programs you store on it. Be extra careful about the things and people that constantly influence you, because what/who influences you impacts how you think, how you think impacts how you feel, how you feel impacts how you act, how you act often becomes a habit, your habits become your character, and your character determines your destiny. Over a period of time, you become a product of what influenced you. The good news however is - you can reprogram your mind and re-direct your life by simply allowing the right things to influence you. How do you know what is right from what is wrong? What is right will never steal your joy, peace and agape love.

Lagos, Nigeria still remains the top destination for foreign and local real estate investors due to its dense population, high concentration of commercial activities and ongoing development projects within the metropolis.  Hence, if you intend to buy a real estate property for investment here in Lagos, I advise you to consider two factors. They are high returns and capital growth. These key factors would enable you to get the best out of your real estate investment, and both of them can easily be achieved when you purchase off-plan properties. So what is an Off-Plan Property? An off-plan property is a property that is often sold before construction begins. So here are the 4 things you could possibly miss out on by not investing in an off-plan real estate property: 1. Lower Purchase Price: Buying an off-plan property gives you the opportunity to secure a property below  market value. In most cases, this happens because developers are usually willing to sell out as many units as...

The average Nigerian income earner often shies away from discussions about life insurance because they think life insurance does benefit them while they are alive and in good health. Some are not even aware of “money-back life insurance” plans, while some others believe that their pension (RSA) is enough security for them despite the fact that many retired folks still struggle financially. Apart from this, many are not well informed about the various categories of life insurance products available, such as: endowments, term-life, and whole-life policies; nor the unique benefits each of these products do offer. You see, life insurance is actually meant to provide financial protection for only the living - but maybe you weren't initially aware that life insurance will save you from the following situations while you’re still alive, hale, and hearty here in Nigeria: 1. Paying High Taxes: One of the benefits of having an active life insurance policy is that it provides you with signi...

Your investments are always prone to "threats" and "risk". These risks and threats could be due to unpleasant events, changes in market trends, world politics, government policies, socio-economic dynamics, new industry trends, or even technological advancements. This is why you need to create some sort of balance in your financial life, and the way to guarantee this stability in your finance is through diversification - dividing your financial resources (money) into several segments like slices of pizza. You should not be putting all your eggs in one basket in a world filled with various risks, especially if you are a breadwinner. So what is the solution? The solution is to frequently allocate a certain percentage (or a fixed amount) of your monthly/yearly income into the 6 KEY AREAS OF LONG-TERM FINANCIAL STABILITY, which include your: - Bank account balance - Personal/life savings - Equity investments - Property/Life Insurance - Emergency funds, and - Business inv...

A common question my clients ask when we sit down to discuss about financial planning with focus on family goals, children's progress, and retirement aspirations is "Chris, how do I  manage my income with all these bills I always have to pay?“ This is the simple tip I give them, which they find to be very effective - but before I talk about it, here are some things you should consider: 1. If you worry about it, there's a 90% chance that you can fix it. 2. The foundation of financial progress is constant earning and saving.  3. Financial success is in how much you keep & give, not how much you spend. 4. Life is about giving and receiving.  5. All through your life you will pay money to other people in the form of taxes, bills, fees, and charges; but the money you save and the assets you keep is how you pay yourself.  Now here's the tip. 1. Make a list of all your weekly necessities (not wants) and calculate how much you spend every week and every month on them. Fo...

Have you ever experienced the same problem so often that you began to think the gods were against you? Or have you ever felt so stuck in an unpleasant reality for much longer than you felt you should? Well, maybe it’s high time you stopped treating symptoms, and started curing the condition. But curing the condition wouldn’t be possible without understanding the root cause of the problem and putting in place counter measures to solve the problems once and for all. So how do you go about it? Read on. The concept called “Root Cause Analysis (RCA)” helps you effectively solve problems right from the source or root. The analysis was developed to enable you (or your team) identify what went wrong, and “why” it happened. You see, actually understanding why a problem exists is necessary for developing an effective cure. In the field of management science, there are several tools used to solve both simple and complex business, social, and economic problems. But for the sake of making this arti...