HE TOOK £25,000 BOUNCE BACK LOAN TO POP CHAMPAGNE IN NIGERIA

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Phrankleen

Joined: Mar 2024
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HE TOOK £25,000 BOUNCE BACK LOAN TO POP CHAMPAGNE IN NIGERIA


HE TOOK £25,000 BOUNCE BACK LOAN TO POP CHAMPAGNE IN NIGERIA is the story of a man who took the bounce back loan which was designed to enable businesses to access finance more quickly during the pandemic outbreak.

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33 Comments

  1. To return home, there is no one size fits all.

    Here is an example…

    – A safe place to live (1m/yr)
    – Buy solar generator (1m)

    – A car (2m)
    – Spending money for 1yr (1m)
    – Family palaver (2m)
    – Money for establishing a business (varies, but start small – 5m)
    — Start with something short-term, like fish/poultry farm (6 months).
    — You can also do farming like tomato, ewedu, cucumber, okro, maize, yam, etc for quick returns.
    — Your goal should be to first cover you monthly expenses. Then expand into bigger things.

    12m

    Perhaps, it's best to move to a place secretly for the first year, without family and friends knowing. They are leeches that would drain your resources as soon as you land. After you have established yourself, and are making money, then announce your presence to them.

  2. If I ever have the opportunity to rule the entire continent. I will take away all those land's the Chinese and other foreigners have, and I wouldn't reimburse them. How dare they come to Africa and feel they can own so much land. Why is the government allowing them to own so much land. If a black man cannot own so much land in China or the west, then they cannot own land in Africa. I will also deal with the sellouts. We black people are enduring too much injustice in our own land. What kind of sorcery is that? Chinese owning so much land in AFRICA. Noway. Noway. NOWAY. That's madness. Everyone wants a piece of Africa whilst we Africans busy killing each other..

  3. Home sweet home.
    I only need BTW #5m & #10m to kick off my buz idea. No matter how difficult economy of Nigeria is, we die here is my tactics. 3 bedroom flat is set already. My two sons and my wife need my presence. And in Nigeria I say we die here. Fuck any foreign country, I don't need RP or PR of any western country.
    Bye bye to gulf country soon.

  4. Don Phrankleen everything you said in this video is absolute truth.
    Those who have an ear, please hear and listen.
    AGENDA 2030 IS COMING, YOU WILL OWN NOTHING AND YOU WILL BE HAPPY.
    Stay blessed everyone.

  5. The Irony is £25,000/$ is Not even a big enough money to enjoy yet when is Black people get a little couple thousand we think heaven 😅😅

    We need better financial education

  6. I would need quite a bit of dough to relocate. Probably a minimum of $150,000.

    25% will be invested in stable dividend stocks and bonds.
    50% in growth stocks in Nigeria and abroad.
    25% to improve an existing business like a school with a solid base but say not computerised, abroad oriented, etc.

  7. A note on bonds and Tbills

    Naira denominated bonds have reduced by more than 50% in dollar/euro/pound value in just 5 years.

    Illustration:
    2015, buy a M1 million in naira bonds at 10% yield
    2015: N 1 million = $5,000. $1/N200
    2020: N 1 million = $ 2,500. $1/N400.
    You have lost $2,500 in 5 years. Or 10% per year.

    This is before considering the effects of inflation.

    I'm fine with buying Nigerian bonds but only if they are denominated in a stable currency.

  8. Foreigners in our land should not be land owner, the community can rent it to them,
    Africa stop selling the mother land to foreigners ( chinese, Liban etc )
    If not, in the nearest future, the next generations will be tenants to these foreigners that are buying your land today…
    I rest my case

  9. The answer to the question @35:05 is "ZERO". if you need to take certain amount of cash to relocate back home, then you are not yet ready to relocate. To relocate back home? You should need zero cash to relocate back home, Why? Before packing your bags you should sort out, 1. Accomodation (minimum 3 yrs), 2. Means of sustenance (income), That's it. Most people will survive with having a tenanted accommodation without being extravagant (not necessarily in the city). To summarise, though not easy, you should create a sustainable source of income back home before packing your bags.

  10. 2 year's ago I stopped indulging in impulse buying especially clothing, I avoided friends and family with this kind of behavior. Today I own 10acres of land in the US which I can sell anytime or build on it. Choose your friends wisely, some will eat with you but won't include you in growing. And 2 in the motherland.

  11. Thank you Sir Phrankleen. Informative video, from the get go.
    No FREE $$$!
    Appreciated the land info… I'm just about getting half way through the video. Say it as it is Brother.
    AFRICAN- Jamaican…. Lives in the U.S.

    That guy oooh! Abby!!! That guy is crazy!!

    Much 🙏🏾💜💜💜

  12. Bounce Back loans are for business to recover from serious financial issues not to spent on lavish Living when will people learn Never spend money that is not yours because when it is time to pay it back the owners will come in full force if that person is not careful especially when the owners is the government

  13. My Nigerian ex is applying for a PPP loan here in the United States and dont own a business 😄. His plan is to buy a house with it. I told him bad idea but he doesnt listen. That's why we are not together.