Thanks a million for everything, it's nice to have done this, I'm grateful for every decision that I've had to make to get a chunk of the money to build this. It's possible to achieve a lot with Crypto. For me, it's been life-changing
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I was happy to help. There's nothing better than seeing other people succeed. Do you own the land you built on?
Crypto has been life-changing for me too. The difficult part here in America is keeping what you've earned, the taxes really eat up the profits. If we have faith and are patient through this bear cycle the good fortune will continue. I know you learned a lot during the last bear cycle and will apply the wisdom to this one.
Best of luck getting all the work wrapped up with the house. Is your next goal to build a second home in Lagos to rent out for passive income? If so, what is your timeline?
My father owned the land, he died like 8 years ago, so I automatically inherited the land.
Here, there's no proposition for taxation of crypto. The government outrightly banned people from trading it through the commercial banks. But we find our ways to actually trade through P2P
Getting a house built in Lagos with buying the land might cost close to $30,000, I don't think I'll have such a figure to spare in years to come. But that's my ultimate goal. It's lucrative to own a house Lagos. Renting for passive income is so juicy. It's difficult to get these things done but it's not impossible.
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That was nice that you inherited the land.
I heard that Nigeria banned crypto. It's too bad, many government officials don't really understand that crypto can't really be banned. I'm glad you're using P2P as a workaround. I expect the US to start heavily regulating stable coins at some point in the near future.
That $30k will be very doable for you if you keep blogging/stacking through to the next bull cycle. It'll be a great goal to work towards.