Bokima Cyril Homes Limited (BCHL-Lagos)

You have just completed your masters, landed a very good job, and have been diligently saving money for a while now. Your car is getting old and pretty soon you are going to be needing a new one, but you also have that desire to be a proud Lagos homeowner. SHOULD I BUY A NEW HOUSE OR A NEW CAR FIRST? This question is actually extremely difficult to answer. It truly depends on the immediate financial circumstances of the individual involved. Before thinking about it, most people would probably advise buying a house before buying a car. After all, a house is an appreciating asset and a car is a depreciating liability, right? That statement might be true in the long term, but in reality, most working professionals will eventually buy both a house and a car. In the end you will have the money for both. So it’s not really an issue of which is the better long term investment, it’s a question of which one should be purchased first. WE ARE GOING TO ASSUME THE FOLLOWIN...

Everybody makes mistakes, and car buyers are no exception. The process of buying a car, new or used, can be overwhelming. Slow down, take a deep breath, and learn from the experts.  BCHL-Lagos have compiled a list of 11 Common Car-Buying Mistakes to help ease your anxiety. Just avoid these missteps, and you'll be well on your way to a successful car-buying experience. MISTAKE #1: NOT DOING YOUR HOMEWORK -  The Internet has democratized the car-buying process. Now, anyone can get access to facts and figures about vehicles, features, pricing and financing. There's no reason to step foot in a dealership without having first researched vehicles and their competitors. MISTAKE #2: CHOOSING THE WRONG CAR FOR YOUR NEEDS -  With all of the choices available on the dealer's lot, you need to have a very good idea of how you want to use your car so that you can find a car that suits your needs. How often will you really carry seven passengers in that big SUV?...

Hybrid cars have increased in popularity, but they still make only a little proportion of selling vehicles, and as such some people still aren’t aware of their benefits. Hybrids use two powertrains, that’s generally a gasoline engine and electric motors. Together, they aim to reduce fuel consumption by using smaller engines which spend less time running, while maintaining or improving performance thanks to electric assistance. 1. Hybrids Work Best in The City & On The Highway Too: With an electric motor to deal with low-speed driving, some hybrids can spend large amounts of time using no gasoline at all, in the city. Not every hybrid can do this, mild hybrids like those from GM and Honda can’t run entirely on electricity, for example but even then, the assistance of an electric motor means you’ll use far less gasoline getting about than in an equivalent non-hybrid. That isn’t to say they can’t work on the highway either, though. The aerodynamic forms of many means, lo...

When we travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life we always begin our presentation by asking three questions: “How many want to be financially successful in life?” “How many think they will be financially successful in life?” Almost every time we ask the first two questions every hand rises in the air. Then we ask the magic third question: “How many have taken a course in school on how to be financially successful in life?” Not one hand rises in the air, ever. Clearly every student wants to be successful and thinks they will be successful but none have been taught by their parents or their school system how to be financially successful in life. Not only are there no courses on basic financial success principles but there are no structured courses teaching basic financial literacy. We are raising our children to be financially illiterate and to fail in life. Is it ...

1. A lawyer who tells you about a property for sale without having a proper power of attorney from the direct owner should be avoided like a plague. It is your duty to ask him/her to show you the power of attorney to sell that property and if he refuses and starts lots of story telling, leave asap. 2. A lawyer who says he/she is an affilated to the direct agency (Not direct owner ) of the property and does not have any offer letter in writing from the said agency in person or through their company is just trying to play tricks with you because he/she is only after commission for "finder's fee". Ask if they have the offer letter signed by the direct agency & if they refuse, know what their game plan is. 3. A lawyer that takes you for inspection to a property and is just as puzzled as you when you discover either the land is defective in some way or some amenities in such property is not as advertised to you, really that's not the kind of lawyer you sho...

Our habits tend to define who we are. If you make it a point to drive recklessly every day, nobody will be surprised when you eventually get into a traffic accident. This seems obvious to us. Yet the financial equivalent of this principle, tolerating bad monetary habits on a regular basis until you're driven into poverty, seems less obvious. For the most part, the richest people in the world didn't get to their position overnight. They didn't stumble into money, and it wasn't given to them as a gift. They accumulated it, and continue to maintain it, as a direct result of their daily habits and their underlying philosophies. These are seven things you'll never catch the world's richest people doing: 1. Playing the lottery. The lottery comes with a bold promise: a chance to win more money than you'd ever know what to do with. But the odds of winning are astronomically low, and logically, you have a far better chance of creating your own wea...

I’m sure you'll agree that people are about the same at their core. Most of us care deeply about our family. We all want to be happy, healthy and safe. That’s the case no matter how much money you have stuffed inside your bank account. But wealthy people do think differently. It’s unmistakable and undeniable. I have worked with the very-rich and not-so-rich for years and I’ve seen how the well-heeled ruminate in their own way and how that variation makes and keeps them rich. The good news is that anyone can copy “rich think” and come out much better on the other side. So how do rich people think? 1. Rich people know they don’t know everything: People who make a lot of money and hold on to it realize they don’t have all the answers. As a result, they are always on the lookout for new and better ways to do things. They surround themselves with people who offer different approaches. They have mentors and accountability partners. They are willing to consider ideas that...