Buying land is not the best idea!. Do this instead! 😳
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- čas přidán 7. 02. 2024
- Buying land is not by default the best idea out there, despite it being more popularized and it being the primary thing that crosses mind to majority of people after getting money. There are other productive areas one can invest on and get good returns. Disclaimer, I didn't say that land is ultimately bad idea to invest on, I meant that before taking just an idea to invest consider if it's the best option and best for your money.
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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!
Which side of juja farm and how much
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Kwa Murage... That time was 500k, right now must be around 800k
Great
@@jonnesmwangi3250 I really humbled 🙂 be blessed
I bought land 7m during covid now I'm selling it 23m that is its value,,I still think land is also a good idea
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🙏
understand him..he says if you dont have money to invest in that land so it can appreciate dont go for that land
@@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.
But the good thing about land it adds value everyday, it doesn't loose value !!
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.
If you give me that 300k then after 10years l can make almost 6 million even more...10 years mazee 1.5 nikidogo TU sana
You opened my eyes when you say, in a young age we focus on growing money not on storing money
Saving...eg through a SACCO
Seriously the best advice got from CZcams ever 🙏🙏👍. Bring in more
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.
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.
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
I rather buy it and stay idle,, buying land is the best thing ever 😅😅
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 😅
Haha...am glad you got the value. Thank you for watching all the way from Rainbow nation
😂😂😂😂
Certainly yes, you will graduate...😂
Wow! I personally feel n understand your point brother. Thanks for the input. It's so intellectually put
With inflation in Nigeria today, land and online business is the best place to invest. Having inventory business is a no no for now in Nigeria.
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
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...
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!
I differ because land prices appreciate much quicker anywhere in the world while money can be quickly lost in inflation.
your right Sir
Very true indeed.
Great mind
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.
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 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.
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.
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
I'm choosing land over anything else.
Rich content.
We need to assess our situation, needs and goals, and make decisions accordingly. Thank you, Coach.
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.
Thank you a whole lot for this video. Honestly you made a lot of senses.
Thank you for this video. At first sight I was marveled. Here in Cameroon, we see land as the greatest asset.
You articulated this well.
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.
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.
Wow! Am glad for your kind words. Thanks for your support here and I wish you the best
@@goodjoseph220 thanks for this. Every video you do is always worth it , sir
Great job Joseph! Thank you so much
You are practically a wise man Joseph. Thank you for this. New subscriber btw
Perfect illustration, thank you Sir
thank you for this advice.
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.
Congratulations now I know it's very expensive
But you suffered 20yrs....do investment
Times have changed
Great idea. Thank you for Analysing the land Asset issue
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.
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
You‘re an excellent teacher, Joseph! 👏🏾
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..
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. 😅
Absolutely that's a very true observations. I lost a turn of friends when I decided to become me 😃
@@goodjoseph220 🫡
Well explained , I wish I listened to this 5 years ago but it's not still late.
You explained it so well! Thank you
You ve changed my mind, I was to buy plots with 2million bob now I can happily put my money in money markets
You have opened my eyes.
Many thanks indeed!
Cheers!
Good point noted! You are opening our eyes especially we young guys from Uganda
You have enlightened me right on time,,I was in dilemma,thank you sir.
Thank you👍
Thank you for the advice
Made so much sense! Thanks for this information. Watching from Nigeria
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!
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
Great advice and mostly to the young investors. Watching from Seattle USA
Thank you for watching John.
John bring money we sell you
Land 😂
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!
Great ideas but not for everyone. You actually break down things nicely. Cash flow is King.
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!!😊
My friend bought a piece of land for 2M and after 3 months he got a offer to sell it at 4M,,just buy land in nice locations
the Question is which Are these nice Locations ..like for example..
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.
This is the best advice to economist people i love it
Wow! I like your good advice.. I'm starting to see the light at the end of the tunnel..
Point well justified. Thanks.
I do understand your point and I believe it's best for one to consider on it first
Right on point! Just subscribed to your channel .
Very informative piece! Makes a lot of sense.
Very insightful. Thank you.
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
Great video. Keep up the good work.
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 totally agree with you. I made that investment mistake, where I used my money to buy a fixed asset land and built a house. But later I noticed that my cash flow was tied up, and I learned a hard way.
Perfect illustration. Am not suprice. People should learn to do what right for their growth rather than what we need by ignorance.
Agreeable with your thoughts brother.
The point is home, value for money is the ultimate goal... and circumstances varry with individuals. Always do what serves your interests right
intelligent
i recent did the same but i haven't gotten any value from the piece, you are making more sense to me. Good work Sir
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
It is very hard to make people understand facts (Just look at the comments). To me, people should pay for the best knowledge you just shared. Rich people have this knowledge but will never share it. Be blessed bro.
God is the source of all wealth. He blesses me bro. Amen. Thank you for watching my videos
Very true Joseph, but we should learn to analyst why buying Land and valuable utilization planning before borrowing the loan or land
Thank you Uncle 😊
Babaa you are very right!how I wish I got this advice 6yrs a go I would have done exactly what you have advised us...
Man I love you, this is my first time but you have strengthened my strategic thinking ability Growing Money and Storing money Cash flow and asset, awesome man thank you, am watching from the Philippines. Stay well more education
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
Great .thats the whole truth. Cash flow is the key here guys.
Yes is not a best ideal until you don’t have ability to pay rent and stay in your home 😂
You are very smart
I salute you sir.. this info. has opened my eyes 🙄
I really like you. Its the first time I have watched your videos,and am really impressed. Thank you.
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
how I wish I came across this before now. thanks for the revelation
This is a great video with insightful education concepts. Thank you.
very clear & Perfect illustration, thank you Joseph
Lie
You are the right person I must follow up in my life
Your explanations are on point
What an eye opening ideas,thank you sir .
Know the truth and it will set you free thankyou Good Joseph 🙏
Great advice ❤ I wish I heard this 5 years ago. Uuii I have made big mistakes. My money is sitting on land that it so hard to sell.
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.
Am glad that you can attest to what I said
thanks, but at least you have a house, we shouldn't mislead people to buy land
Where do you buy the legit land,na kujenga kunatake how long nyumba kuisha
@@user-tb4lv4ut8sebu they give us feedback akii so that we can know the legit wenye hawaoshani
Your video inspired me a lot thank but I have bought aland and have to build house just to keep as ancient
Well explained...Now I know better...Thank you
Buy land if you are ready to build. But speculation ni kuzika pesa.
I couldn't agree more
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.
Thankyou for this.I was planning on buying a land and then build a house later,but i think you opened my brain,i need my money to grow, not to sleep.
The reasoning here is not defensive but highly logical through experience cash flow is king......
Good insight , keep it up. I have learnt a lot