fopishow:
True, not everyone who works in a bank is an analyst. Most people who work in banks are not in the back office. The issue about your calculation is that the rate is per annum and not quaterly as you stated i.e 10% is per annum. To get quaterly rate you divide the 10% against each quarter.

mfm04622:


The man works in a bank, so he should know the correct thing

JWTheocracy1:


Tell your church to loan me that same money. I will give them 1million profit in 5months and have mine too.

ikechizoba:
Just got this now,from another thread, it might be helpful

greggng:



Thank you for coming to seek advice here. You would 've made the greatest mistake of your life if you had started that pure water business. My former landlord lived all his life abroad. Due to pressure from family, he decided to come home to stay and invest infact he ran away after spending so much on diesel for powering his pure water business. He eventually sold that portion and escape back to Europe. There is no conducive business environment here. Going to Canada is the best option. But you 've to first get to USA. And find a way to cross over to Canada from new York. My friend did that and I 've details on how he made it. However you 've to declare yourself to the authorities at the Canadian border . There after necessary documentation will be made, lawyer assigned to you and temporary stay of two years pending when your PR will be ready. During this period you will be taking care of by gov't You will 've a job and you will be doing 100 percent better than a rich man here. . That way 70percent percent of your 9million will be in a savings account just for you. The only difficult part of this trip is getting to USA from naija. I mean getting visa

chrischukszy01:

Oga there is no way u can save up to #9 million as a contract staff even if you have been in the bank for the past 11 yes, now as a contract staff FBN pays 80k plus, Access bank, pays about 60k plus,UBA 70 k plus and the host of others, so how did you manage to come with such an amount as a contract staff, do want to tell me you don't do other expenditure as a human even if na only garri u dey soak. So 9 mill I didnt buy that. U for say like 900k,except you are into fruad perid !

edoman2016:

How were you able to save 9 million Naira as a contract staff in a bank? Contract staff in Nigerian banks are poorly paid. Majority of contract staff earn between 70k-80k. I doubt your story.

Appliedmaths:


At times of confusion like this the best thing to do is to sink that money somewhere and have a clear plan in order to avoid mistakes. Even my dog knows TB isn't a business venture but history has shown that people in this position get it wrong 8/10 times. If you noticed I wasn't in support of his pure water biz cuz it'll fail (don't ask me how), going to Canada isn't bad but let him make that choice with his own guts and not coerced to, I can't have 9m in Nigeria and travel to Canada to start all over again but let him decide on his own.



As for the TB analysis, it's technically flawed I miscalculated the days in each quarter. I've been juiced over the week, preparing series if quarterly account statements. But hope you get the point? All he needs to do now is to think and plan and be prepared to live with the outcome.


It is good you have realised your mistake. Like you said, I for one can't support him to travel when he can become a real big time investor. How much did Dangote used to start up his business. Though time differs.

He can go in for TB of 182 days @ 13% while understudying a viable buis in agriculture.

papascode:
Good day all,

I have been confused on what to do with the money I have saved. I am a contract staff in one of the banks and I have saved considerable amount of money over the years I have been working there. But I am tired of my job, as same as many of my colleagues who wish they had one quarter of the money I had saved to quit the job.

I am not a lazy man I am very hardworking as adhuged by my supervisors but the issue is I have stayed on one spot for too long and no promotion. My greatest joy is that I was able to achieve a masters degree in a federal university in nigeria while working but my job doesn't give me time to even look out for other jobs.
So please guys I am throwing this up here because I know on this thread there are people who have been in my situation before that made the better choice and are happy for it.
I have two very important decisions to make either to use the money I have saved to travel abroad for school for masters and hopfully settle down there or to stay here in Nigeria to start up a pure water production factory but Nigeria and it's uncertainties keeps discouraging me. kindly note that I have saved up to 9million naira to take up any of these ventures and I am 35 years not yet married.
Please I need honest advice to a brother there are some persons like me who will benefit from this advice we render.
Thank you

YoungDaddyB:
for me I'd advise you look for a federal job( they are way less stressful and offers time), any kind and then start you business. 9mill is enough for any reasonable business. Canada is not by force by fire but if you've always thought about leaving Nigeria as a young boy, then take your chances with Canada, apply for a retail job, gain the Canadian work experience, apply for professional certifications like pmp, cim or any other top certification while in Canada, 1 to 2 years in, apply for a better organisational job.

fopishow:
True, not everyone who works in a bank is an analyst. Most people who work in banks are not in the back office. The issue about your calculation is that the rate is per annum and not quaterly as you stated i.e 10% is per annum. To get quaterly rate you divide the 10% against each quarter.

wildcatter23:
I have been in the pure water business since 2003. The success of this business does not really lie in your hands but your ability to get work done through people. Anyway, with the benefit of hindsight, I would advise you, to take yourself out of this shït hole country called Nigeria. Good luck in canada. If you can make save 9 mill here. You can do the same in canada

papascode:


1.I don't party when my salary is paid.
2. I help people buy land and make commission.
3. I do contribution among staff.
4. I buy crayfish from the sea to sell upland.
5. I have 3 customers my bank couldn't offer loan so I gave in other to keep them and my job although the bank frowns at it, but any banker knows this is how you keep a customer who the bank fails to assist. Although I have got my fingers burnt who couldn't meet up but I had to give him time to pay.
6. I decided not to get married during all these because.

So bro that was how i saved.

solepager:


You get 13.5 percent of the capital you invest in every month.
It also increases sometimes. The sure thing is your capital won't be hurt whatever happens since it is invest in FG bonds and etc. ARM also does it.

Imagine you invest 500k. Do the maths

papascode:
Good day all,

I have been confused on what to do with the money I have saved. I am a contract staff in one of the banks and I have saved considerable amount of money over the years I have been working there. But I am tired of my job, as same as many of my colleagues who wish they had one quarter of the money I had saved to quit the job.

I am not a lazy man I am very hardworking as adhuged by my supervisors but the issue is I have stayed on one spot for too long and no promotion. My greatest joy is that I was able to achieve a masters degree in a federal university in nigeria while working but my job doesn't give me time to even look out for other jobs.
So please guys I am throwing this up here because I know on this thread there are people who have been in my situation before that made the better choice and are happy for it.
I have two very important decisions to make either to use the money I have saved to travel abroad for school for masters and hopfully settle down there or to stay here in Nigeria to start up a pure water production factory but Nigeria and it's uncertainties keeps discouraging me. kindly note that I have saved up to 9million naira to take up any of these ventures and I am 35 years not yet married.
Please I need honest advice to a brother there are some persons like me who will benefit from this advice we render.
Thank you

papascode:


Believe me if I have a federal job I won't look at any foreign country. I would rather visit for business to bring to Nigeria and that will be china or japan i have applied on every platform I have also been dubed by fake job agents .

arena07:
13.5% per month or per year?

delors:

Lets chat as pals. I currently live in Canada and by God's grace a full time permanent employee of the govt.

I came in for masters - U of Waterloo back in 2012. Before then I was in lagos hustling big gtime. Had one of the best results from oau - first class - but no job after nysc.

So here's my 2 cents:
You are 35yrs old and have N9m and currently employed. If u relocate here, it will take u almost 5yrs to be stable - School, job, PR, etc... That's for sure. So unless u r willkng to spend another 5yrs to do all these, stay at home bro.

You claim to have 9m. If i had 2m back then I swear f***k abroad. I'd stay at home. Many people don't have half of ur money yet they are doing perfectly well. Why would u want to throw that away?

If you are not getting promotions at work, improve urself with qualifications. With 9m my network of business and social connections go badt pass anything. Improve ur network. Roll with people who would give u better job opportunities.

At 35yrs + N9m u wan go start from the scratch in a strange land ? Your momsy no dey follow u talk? Shouldn't u be planning on settling down?

Canada is best for young people coming in before 27yrs...anything later, u 'll be delayed (settling in) by almost 5yrs if u r lucky. So do the arothmetic bros.

Cheers.

papascode:
Good day all,

I have been confused on what to do with the money I have saved. I am a contract staff in one of the banks and I have saved considerable amount of money over the years I have been working there. But I am tired of my job, as same as many of my colleagues who wish they had one quarter of the money I had saved to quit the job.

I am not a lazy man I am very hardworking as adhuged by my supervisors but the issue is I have stayed on one spot for too long and no promotion. My greatest joy is that I was able to achieve a masters degree in a federal university in nigeria while working but my job doesn't give me time to even look out for other jobs.
So please guys I am throwing this up here because I know on this thread there are people who have been in my situation before that made the better choice and are happy for it.
I have two very important decisions to make either to use the money I have saved to travel abroad for school for masters and hopfully settle down there or to stay here in Nigeria to start up a pure water production factory but Nigeria and it's uncertainties keeps discouraging me. kindly note that I have saved up to 9million naira to take up any of these ventures and I am 35 years not yet married.
Please I need honest advice to a brother there are some persons like me who will benefit from this advice we render.
Thank you

shugacain:



could that be your own advise

amedualiyi:



You don't need any business ideal when you are into various business already.

Boss13:


Ok like I have said in my previous comment - Job satisfaction is your main concern. Why don’t you work towards getting a Federal Job. It’s possible if that’s what you want rather than wishing it happen. If a Federal Job would make you happy than going abroad - go and get a Federal Job.

Dammiesugar:
Op kindly stop telling people about how much you saved and how you want to live your life. Take your time to think about what will benefit you and your generations and if possible leave this country. Pure Water business isn’t as lucrative as you think, talking from my Uncle’s experience! Incase you need a wife, I’m available though �

Shalomc:

Here to learn. My sojourn abroad... I have realized that going abroad without a plan of what you are going to do is an exercise in futility..

ogbonti:



Those that have ears, let them hear, best advise so far