The best thing I ever did is buying 50 by 100 in Juja Farm. Small piece of land but earning me handsomely. I'm doing poultry and I even quit my job. The advise should not be against owning land, but buying land to stay idle. If you have small money, buy land and invest in battery cage system. Your life will never be the same again!
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Land, residence is the best decision I ever made in life. Nobody can tell me otherwise. However, I agree, people and circumstances are different. What I can say is try as much as possible to avoid loans you can't afford. Lastly, pray about everything and every decision you want to take🙏
@@TripleHelpRipples Which I am not disputing but adding, different people, different circumstances. You might not have money now, but get it in a year or so. We should not be boxed into a do or die situation. One has to carefully evaluate themselves, what can I "comfortably" afford to sustain or venture into what my heart desires or what I think would be an achievement. Also, I said, in my case.....was not speaking for all.
Yes, we olso need to involve God in our plans and decisions. In my country land appreciate very fast, the price can double after a year or two. 😊 Good presentation though
You are right.land is the best investment you can make.In 20 years' time, you won't believe how much it has appreciated in value plus shielding you from predatory landlords.
Bought Land @300K at 22yrs, sold it @1.5M after 10 yrs. For me it is worthy. Not all of us have same thinking. The only thing I can say never buy Land with loans. If you have Idle money and you don't plan to do business go for Land.
...comes to also personality. If one is not naturally entrepreneural it makes sense to sell the way you did. A true business person knows that he doesn't need to wait 10 yr to make kes120k per year from kes300k investement. ((1.5-.3)/20=.12)
lol 1.5 M value is way below what u invested. Even fixed deposits could have given u folds of that amount in 10 months. Land is good but not in all cases
Now, it's like you had idle money at that time, and we don't know how long ago that was, otherwise, 300k, if one is business minded, and opportunities are available, and the situation/s is/are apt... ...in one year of proper capital working, even for just a household grocery retail shop, one can make a fair amount of profit/s out of just a fraction of that initial capital... I've been in businesses, and I know it's very possible, with that kind of capital in a good business, to make what you earned in a decade in just about 2yrs, and still keep the business moving on, unlike in your case, whereby you now the cash and again you nolonger have the land... ...sasa umefanyaa? That's my take.
If you considered the inflation costs you may find out that its almost the same. I see land as an asset for beating inflation and keeping the money value. Unless you are buying land to make it generate income or else all you are doing is you are just buying it to keep the money value and beating inflation which isn't bad but you can make more money and beat the inflation far far away than keeping your money in land.
A land is like a degree, You need it when you don`t have it, but after having it, you start thinking you actually did not need it to succeed. But again, you need it. Your points are correct, but it`s a very debatable topic like the importance of degree.
I agree with him 100% I always tell my friends focus with something that is giving you cash flow don’t go for asset first go for an investment that will able you to buy an asset . For a land to appreciate very fast it’s by luck, which is very rare normally it will take time to appreciate something good maybe after 5,10 years or more. Unless someone have a lot of money then they can consider a piece of land. But if you have small capital of money e.g 1 million.please consider investment that will give you cash flow Guys but please don’t attack me. That’s my point of view.
In Ethiopian context buying land is the only way to become rich in short! Ex-Buying 300-500m2 in capital city or near capital cities by 500K-1000K ETB and sell it after 2-4 years by doubling or quadrupling the buying price.
In Botswana 🇧🇼 the best way of getting rich is buying land in the city and in those tourist attraction areas. The land is now worth millions of pulas/dollars.
This man must be very right. I have actually learnt from experience. Some people here might be saying land first but, I advice you to reinvest that money to enhance cash flow in that your business. This words of wisdom is more especially for who has not seen the other side of the coin called life. Thank you all!
Am in Qatar working...I invested 400k by opening a shop in Malindi.....2 yrs ago....1 bundle of maize flour was 980.....it went up to 2600 ....and every thing collapsed up to now.....my money got swallowed....I wish I had used the 400k in buying a plot to build rentals..😭😭😭😭
Also land depreciates when inflation hits as you bought it with money and intend to sell it for money. Kshs.500k in 2010 is not the same as today.Maybe 1M. That is why land is overpriced in Kenya as sellers want to compensate the inflation aspect full.
its always depending on the situation , the person that is into bussiness always need money to expand and the person that doesnt even know where to invest his money goes for land first before his eyes open and the money should not come from a loan , the worst to me is those that are living in the city on rented house and started building a house in the village that will take them once a year to visit or once two years unnessarily strugling to pay rent in the city, which is not bad to build in the village but timing matters alot.
Thank you for the video. I was going to buy a Land next week but after watching the video I have decided to expand my business with the money and create more cashflow. I bought another land a year ago but has yielded nothing so far.
I agree the point is growing my money But buying land that you can actually settle gives some peace of mind that can allow you to risk in other cash generating ventures Before that, please buy land that you can build if everything goes south
I have a brother who is a prof in economics.he lecs in one university here in Nairobi.many people seek his advice in maters business.His theory is beautiful and looks realistic but practically it's more hard and very impossible.Himself will never apply his theory he will champion on the next open opportunity.when u ask him he will give that curious look and say...."theory and practical are cousins,age will prove this for you".weee am still learning
Buying land is the best, I bought some pieces of land by 2021. Today, it is selling for seven million naira each. The advice varies with individual situations
Your videos inspire me so much that any funds that drops in my hand is viewed as a servant ready to run my investment errands and bring me returns. Thank you and more power to your elbow.
Thank you very much Man. Congratulations upon this serious and real initiative that is impactiful, educative but a bove all the core subjec that you as aproffessional has opted to tackle unlike the mass Africans with alot of nonsense on such a platform.
I am 66 and i am saying, you have opened my eyes. Well i have my place in Maseru, but temporarily in South Africa. You have just educated me. Thank you. I am sure i will graduate 😅
I think what he is saying makes sense and means a lot to a business minded people. Depending on your financial age, you will think of a certain way and see what you need and priorities. There are those that want to make money quickly-short term and those that want to make money after many years meaning long term, all depends on your thinking capacity. If you learn about commerce you will understand all this. Buying land and properties or building flats falls under securities and long term plan.
Sir, good day. U r just incredibly unbelievable. Your teaching is very excellent. The onus remains with how the viewer understands or misunderstands you. But it is if misunderstood, the best way is to seek clearer clarification from you. As for me, I perfectly understood you. Thank you very much. I m Mr T in Limpopo, South Africa.
Buying land and building my house was the best decision I made in my life, from there I risk without looking back, nobody tell you not to have a home, if you can do it otherwise you live like a bird
Land will always appreciate and is the safest investment if you do your due diligence properly. The only issue is when you want immediate cash and want to dispose it which should be one of the considerations before buying land.
I bought 1 hectare land at 80,000 shs 20 year a go . I am the most happiest person. Nimepanda maembe etc . Hiyo ni yako . Nenda nunua shamba ushago one day utatoka hapa Nairobi.
Thank you for a fresh perspective really appreciate it. what you talking about I call it being "Rich on paper" meaning you have title deed but its not bring any Income, unless you sell it which is a different story.
@@bernardndolli buy your 1Million taxis and see if they'll make you as even a quarter of the money that Uber makes in a day. Then you'll realize why you need to work on expanding your cash flow and disregard owning assets. If you live by the rule of making money and disregard amassing unnecessary assets, you'll achieve a new level of freedom and you'll be earning in your sleep. That's how generation wealth is built, not in buying small plots all over.
Yes you made your point and are right depending on the rate of cash flow of the buyer. In essence what are the areas which one should invest? I think we should we should have ideas on where and how to invest. Thanks
Watching from Rwanda where buying land is never, whatever the circumstances, a bad idea especially in Kigali or its outskirts. It appreciates at an incredible rate. This for 2 reasons: First, land is scarce due the population density, secondly due to the incredible rate Rwanda is trying to develop.
Hi what business do think one can do in Rwanda that bring in everyday cash, and if foreigners want to relocate Rwanda with out knowing anyone in Rwanda are there any companies that can help foreigners or visitors settled in
Well articulated. It will very much hinge on where you stand at that particular moment at the possession of that money. You can't go wrong, just as a concept, when you look to grow that money
Pertect Illuminating idea, I spead 3 m to build rentals but still struggling to get customers..other lands approximately 3m lock my money, because farming is not giving any profits ..for me have learned through experience what he's talking about make sense to me ...thank you for sharing this game changing idea..now sharing more business ideas and way of generating more money..
Buying land is the best investment anyone can ever make in the long run..... If you are a young person, invest in land... Its not only for you but for future generations...
Bought a piece in 2008@180k (2acres) now it's value has appreciated to 2.5m .farmed it for for 10years and afterwards leased it out.One cannot go wrong with land if one is careful on the location of the land. We need to strike a balance between cash flow and fixed assets
You have done many of us a great favor here my Brother!! Thank you for this clarifying presentation!! You should be a Lecturer in the field. You are most insightful!!😊
You are right my friend, I live in the UK and am Nigerian. Good to hear a forward and modern thinking person like you. Study Rich dad, Poor Dad. Most times Land and homes are not assets but liabilities.
”I learn that I need to check inflation rate and land appreciation yearly to know If I am making money.” This is good! I just found you today. Good stuff!
This is theory. Land is the only asset that is known globally to appreciate. Therefore, even if you leave it fallow and go to bed with a view to selling it whenever you want in the future, it is still very fine. It is called capital appreciation.
Invaluable perspectives. I faced a comparable circumstance at the age of 27, following the acquisition of a plot, and experienced challenges in cash flow. This motivated me to implement more intelligent approaches to revitalize my cash flow. Occasionally, opting to focus on investments in assets rather than immediate cash flow can result in long-term advantages.
I had a friend at early age me got a project and we earned 2.5m each of us I told him we buy land he refused and invested his money else where in hardware. I bought land 10yrs late I got people searching for me like a king to sell that land to them, I refused today even if you have 1billion you cannot buy land in the place where my land is located. His Petworth of his hardware cannot even be 700m. So who wins here?
I love your teaching, you really open my mind, I have 4 land in different places without making any profit on it though I know it is appreciating but you can't compare it with business where there is hope of generating daily or monthly profits
50 x 100 land can earn you millions. Start a piggery business, based on location you can start hydroponics farming, fish pond business, chicken broilers egg production business, etc As an informed business minded person, NEVER EVER MISINFORM PEOPLE THAT BUYING LAND IS NOT A GOOD BUSINESS IDEA. Remember that after 3 years, that land will be fully paid hence giving the owner an asset to borrow more money from the banks to invest. People must be aware about capitalists who push the narrative of investing in the digital / virtual bonds
Hey, what you said about people is true, MOST people fear being entrepreneurs and they just play the safe games. Unfortunately they stay in a loop. I have realized how much I have lost many friends when I tell them about investments ( They don't want to hear). Anyways, I don't blame them I'll stick to my decisions. 😅
You buy land with money you don't have use of immediately. That is to say, don't use your business capital to buy land. However, land ownership is the best type of investment.
Thanks for the information, I usually tell people that the appreciation of land in Uganda is just because everyone wants to buy land, but the real value of some plots they sell is zero, and you can't liquidate it when you have an emergency unless you settle for far less, they get to know the real value, when the bank is showing them the forced sale value when they try to get a loan on it
What are you talking about? Please be informed land is a global or universal issue in some countries acquiring land is next to someone telling you to deliver fresh liver of lightening. Because of one thing population is dynamic and land is static hence the yaning fir land and rentals. And it will alwz be like that. Not only in uganda infact uts worse in Kenya
Totally agree with this advice. In this new age we should not just be limited to hard assets. Be open to diversification in the markets especially compounding interest.
Hello Joseph, I like your analysis, it's true, I own a number of plots but only one is generating cash flow yet I'm paying property rates on all of them, Great
I hear you bro, as a young man you after making money you have to think of growing it first before you resort to keeping it. If not ready to develop the land, you can only buy it if you do not have anywhere to grow it, so instead of sitting in the bank idle you keep it in land
Land is a factor of production.. buy land and use it to generate money..grow crops..keep chicken..50 by 100 grow strawberries...and make money...for me land means weslth
Thank you! Your advice will work for me. Land is awesome yes, starting to generate cash flow with mine, but it’s land I got for free. Used to buy land before, it never really worked for me. It was in places where it wasn’t appreciating fast. Was about to buy more land but worried it would reduce cash flow I haven’t budgeted for yet. So you’re right. Will wait a bit till I’ve generated enough money to probably buy it cash. Thanks!
The interest rates are not cast on stone! Buy the land and rent it out or if it is in a good area plant trees in that land to cushion you against the inflation. Not everything is about interest rates by the way.
I totally agree with this. I bought a 50*100 at 25years I really struggled with my cashflow. Glad I finished paying, built a house and have escaped rent this year. The cashflow issue is true.
Your point is development can you compare ghana with Germany your gues is good as mine no. In Germany people prefer to rent rather than buying land. This is old fashioned way passed by our parents land is everything. Who told you must buy land in Ghana you can rent even in a different country and continue making your cashflow....walla bro use brain bro.
Growing money in most cases is for those with a midas touch and they are very very few out there so most of us resort to the second option, storing money by buying land or an asset period!
