I earn about 6million naira(aprox $43,000) per annum,I'm married and have a daughter.
We do not own our own house yet, so we pay rent of .7million naira ($5000)per annum.
My grocery bills per month run into about 50,000naira (about $360) per month
I would like to invest wisely and also save. Please help me.ThanksHow can I have access to sound financial advice in Nigeria, West Africa, where I live?
advice im sorry i cant..........How can I have access to sound financial advice in Nigeria, West Africa, where I live?
Ensure you have a safe place to live I would think?
I know this isn't going to help much, however, if you have any local banks, they can give you more information. Also, if you contact Capital One, they have banks in West Africa and can also give you some options. Good luck
I can advise you.
Hi, your salary is very good in Nigerian standards, so why not open an account at Ecobank or some other reputable bank and seek their advice, don't trust only one banker, but try to seek advice from a few of them.
I'd say, build your own house, as someone mentioned just before me, at least you will always have a roof on top of your head. So save until you can afford to buy a lot of land and build on it. Save in a bank like Ecobank who are good.
Your grocery bills are high, I wonder where you shop, hire someone to run to the markets to reduce it and bring fresh food.
Investing is a bit tricky, I'd say invest in building further housing and rent it out, there will always be a demand for housing, and Nigerian population is growing, so that's the best investment advice I can give. Build solid, but not too expensive houses.
Check out Financial Peace University
www.daveramsey.com
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