Eruditor:


1. A man (25 years old) spent 100k but saved 300k per month out of his 400k salary. His parents let him stay with them for 5 years. He saves N18M if he is calculating 5 years from now, he has no idea what value the money will be but he stays put. Meanwhile, N26M which was $130k in 2014 is about $67k today (3 years after).

2. Now 30 years old, he decides to rent a house. So instead of saving 300k he saves 200k and spends 200k a month. How much is rent a year? His expenses per year due to the rent? His feeding? His furniture? Somehow he does not care about all this. He robotically saves 200k a month for the next 10 years and now has 24M to add to his 18M. Bear in mind, he is 40 now. Unmarried. Or married without paying school fees, buying a car or taking care of his wife etc. So he is now 40 and has 42M saved and this 10 more years gone. He does not consider that his 42M which was worth $210k in 2014 maybe worth $105k 15 years later.

3. He believes that money can get him a good piece of land and enough to build something for himself and tenants 15 years from now. When politicians are already buying 4 bedroom condominiums in Ikoyi for $1.658M. When plots of land in Ajah go for 15-25M a plot (in unroaded estates). The only place that 40 year old man maybe able to afford a plot of land 15 years from now will be in Ajegunle, Olodi Apapa, Oshodi etc. He is really planning well.

4. The flipside has someone who went to US to read nursing for a whopping 5 years etc and then gets a job. But Mr Calculator assumes such a person will earn $3k a month which is 36k a year (meanwhile Nurses on average earn 70-110k a year). Meanwhile retired ratings in US earn a non-taxable pension of $2k a month. When Facebook interns earn $8k a month. But Mr. Calculator claims nurses earn $3k a month. LOL.

5. Let us assume his figures are right and the nurse saves 1k a month. In 10 years time, the $120k he has saved is still better than the $105k that Mr 42M savings would have had and if we assume that the $ will be at the N400/$ that it is today 10 years from now, that $120k will be 48M. But remember, that nurse with 10 years of experience will be earning way more than $3k a month but Mr Calculator does not consider it at all.

6. Mr fake Calculator is not wiser. He is actually a fool. He makes wrong projections with wrong values and assumes wishful thinking will make up the deficit. He will wake up age 40 and realize he made a foolish decision and you know what they say about fools at 40?

7. Bankers, Oil workers even hardworking average Joes in US and better developed countries do own their own houses and experience a better quality of life. That proportion is not the same in Nigeria at all. Yes, most oil workers (IOCs and NOCs like NNPC, DPR etc) have theirs at age 40 yes. But bankers are few and far between with a greater proportion living below 400k a month and in rented apartments. The spread and stats just demonstrate that on average, the quality of life favors the person in the US and not the Nigerian.

8. In conclusion, it was good you did not leave for the US as the US does not need your miscalculations and false narratives. Please stay back in Nigeria and "hustle" waiting by and by that one day you'd be appointed the DG of NIA so you can pocket $43M and hide it in your Ikoyi condo. Do not create fake stories to hoodwink an unsuspecting person asking for advice. Thanks.

ayodele234:
Nigerians always helping Americans write their own datas. 70% of Americans can't even save $100,000 after 30 yrs of work and I am talking about first class citizens. You guys just give out money like flyers. Some idiots will still come here and claim they know more than CNN. http://money.cnn.com/2017/01/12/pf/americans-lack-of-savings/

Eruditor:


6 out of 10 is 60% but you are the idiot here so don't sweat it. Be gone!

ayodele234:
Did you even read the article? Six out of ten don't have a mere $500 saved which is less than 200,000 naira when converted while you were busy ditching out millions. Americans depend heavily on credit and finance so it virtually impossible to save that much due to how the system is. And that's why over 75% of retirees will depend on social security rather than 401k and 90% of Nigerians living there would fall into the same category. No need for further insults, lets learn as adults

ayodele234:
Nigerians always helping Americans write their own datas. 70% of Americans can't even save $100,000 after 30 yrs of work and I am talking about first class citizens. You guys just give out money like flyers. Some idiots will still come here and claim they know more than CNN. http://money.cnn.com/2017/01/12/pf/americans-lack-of-savings/

ayodele234:
Did you even read the article? Six out of ten don't have a mere $500 saved which is less than 200,000 naira when converted while you were busy ditching out millions. Americans depend heavily on credit and finance so it virtually impossible to save that much due to how the system is. And that's why over 75% of retirees will depend on social security rather than 401k and 90% of Nigerians living there would fall into the same category. No need for further insults, lets learn as adults

ayodele234:
Did you even read the article? Six out of ten don't have a mere $500 saved which is less than 200,000 naira when converted while you were busy ditching out millions. Americans depend heavily on credit and finance so it virtually impossible to save that much due to how the system is. And that's why over 75% of retirees will depend on social security rather than 401k and 90% of Nigerians living there would fall into the same category. No need for further insults, lets learn as adults

SixSigma1:




@ayodele234:

You should also be asked if you read the article at all. Did you read the reasons why most Americans to don’t have savings. As per the article and the facts that I personally know, the main reason for this lack of savings is because these regular common American spend money on a lot of unnecessary items that are just wants (like taking at least one annual vacation and in some cases taking many annual vacation, daily coffee etc) and not that they spend the money on needs. This is why it is recommended in the article that they should cut on these wants if they want to save. Apart from the super-rich people in Nigeria, what percentage of regular common Nigeria take annual vacation that involve travelling to places outside of West Africa, even if it is still within Africa (my emphasis is on taking vacation annually as against taking vacation once in several years) or have enough disposable money to spend on needs talk less of spending on wants.

Also, please don’t compare the saving habits of Nigerians that were born in Nigeria and moved to America, Canada or Europe and living in those places legally with decent jobs with the saving habits of the typical common American mentioned in that article. This is because most immigrants that live legally in these places with decent jobs hardly live on credit apart from maybe mortgage and they try to save and invest a lot of money rather than taking too much vacations like typical Canadian/American. Even the mortgage most of us in this category try to pay it off as soon as possible like in less than 10 years (at least this is what the people in my circle are doing) and not in 25 to 30 years that regular American will spend paying for the mortgage.

Note how I keep repeating living legally with decent job. This is because I am not talking about illegal Nigerian immigrant who definitely will not and cannot have decent job. So, let us keep this discussion within the facts of being a legal residence in any western country the Nigerian resides. You may ask how many Nigerian living legally have decent job. I will tell you a lot. While I will not say that there are no people that are legal but do not have decent jobs but I do know that vast majority of people with legal status have decent jobs. I personally do not know anybody in my circle that is legally residing in Canada without decent job. When I say decent job, I mean working only 8 hours a day or 40 hours a week (not having to hold two jobs) and working in their field of studies.

Eruditor:


But you were the one who called people idiots first and now you want to form sanctimonious.

ayodele234:
is your name "some"?

elfmann:

So u have the right to some Nigerians idiot but won't take it yourself. Hypo..

ayodele234:
What are you saying? Don't be too bitter getting exposed

Pidgin2:



Who is this unfortunate soul with inferiority complex? I should learn from you hahahahahahahah what sense do you think you have heh hehe by your post I already know the size of your brain it reminds me of a peanut

jenniferloyd86:

Am not surprised u sounded that pained and stupid, I can see frustration written all over ur face and everyone on here will testify to d fact that u are pained and frustrated in dat zoo u are living. Besides u are too dull to comprehend matters, bt I don't blame u cos I can see u ar in penury that's y u are so bitter. Hence ur case is in line with the saying "an hungry woman is an angry woman".Any way I choose to let u be because it seems u have a brain tumour and u are sick in mind as well, so u can see u ar most unfortunate!

atiteb4:
Friends please I need ur advice....i will be graduating this year from lautech but I want to start afresh in Canada cos my g. P isn't good and I studied agric.. ..preferably Manitoba college. My waec isnt complete so I plan on writing gce. Is gce accepted in Canada and what course can i study in a college in Manitoba to make me become a permanent residence fast

KaptainAfrika:
HOW DO I GET A PERMANENT RESIDENCE IN CANADA. That is your question?

atiteb4:
it's part of the question and what course can i study in Canada to immigrate easily

KaptainAfrika:
JUST BE STRAIGHTFORWARD AND APPLY FOR PERMANENT RESIDENCE IN CANADA, IT IS POSSIBLE TO DO THAT FROM NIGERIA. THE EDUCATION QUALIFICATIONS YOU HAVE STATED IS NOT ENCOURAGING. YOU WANT TO GO TO CANADA AND DO ANOTHER UNDERGRADUATE DEGREE, AFTER THE ONE YOU HAVE DONE IN NIGERIA? IT WOULD HAVE BEEN BETTER IF YOU WERE GOING FOR YOUR MASTERS DEGREE, AFTER AN UNDERGRADUATE DEGREE IN NIGERIA.

atiteb4:
Friends please I need ur advice....i will be graduating this year from lautech but I want to start afresh in Canada cos my g. P isn't good and I studied agric.. ..preferably Manitoba college. My waec isnt complete so I plan on writing gce. Is gce accepted in Canada and what course can i study in a college in Manitoba to make me become a permanent residence fast

salford:

Manitoba is an excellent province for any student hoping to get a PR via studies. Right now...its the best for that. Tough in other provinces.
If you like agriculture, manitoba is also still the best province for that.
Just make sure you get on a program that has a coop. It would you give you thay valuable canadian experience alot of employers desire. If possible, get on a course that few canadian students register on...stem courses that is. Try to avoid business, art or humanities courses..

Also, GCE is accepted in Canada.
check out the thread below.
https://www.nairaland.com/3649314/canadian-student-visa-thread-part

mbolajide2010:


Please I have some few questions to ask:

- Shouldnt one consider how easy it is to get a job in one's field of study e.g IT rather than the province. Most of the IT jobs are in BC I think. So what if one couldn't find a job in manitoba as you advised, can one still get PR there?
- If I put in for an IT Diploma with a coop program and I'm able to secure a job through coop in let's say BC.How is easy is it for me to get a job after my diploma and If I could, how is easy it is to get PR?
- Masters or diploma which would you recommend?

Thank you so much and God bledd you.

KaptainAfrika:
********Friends please I need ur advice....i will be graduating this year from lautech but I want to start afresh in Canada cos my g. P isn't good and I studied agric.. ..preferably Manitoba college. My waec isnt complete so I plan on writing gce. Is gce accepted in Canada and what course can i study in a college in Manitoba to make me become a permanent residence fast***********

- He is graduating from lautech - His WAEC is not complete, he wants to write GCE - How did he enter lautech without WAEC or GCE?
I am only saying he should apply for permanent residence instead. Even in Nigeria, he does not have the educational background, not to talk of meeting the strict requirements of Canada. U get?

KaptainAfrika:
JUST BE STRAIGHTFORWARD AND APPLY FOR PERMANENT RESIDENCE IN CANADA, IT IS POSSIBLE TO DO THAT FROM NIGERIA. THE EDUCATION QUALIFICATIONS YOU HAVE STATED IS NOT ENCOURAGING. YOU WANT TO GO TO CANADA AND DO ANOTHER UNDERGRADUATE DEGREE, AFTER THE ONE YOU HAVE DONE IN NIGERIA? IT WOULD HAVE BEEN BETTER IF YOU WERE GOING FOR YOUR MASTERS DEGREE, AFTER AN UNDERGRADUATE DEGREE IN NIGERIA.

KaptainAfrika:
********Friends please I need ur advice....i will be graduating this year from lautech but I want to start afresh in Canada cos my g. P isn't good and I studied agric.. ..preferably Manitoba college. My waec isnt complete so I plan on writing gce. Is gce accepted in Canada and what course can i study in a college in Manitoba to make me become a permanent residence fast***********

- He is graduating from lautech - His WAEC is not complete, he wants to write GCE - How did he enter lautech without WAEC or GCE?
I am only saying he should apply for permanent residence instead. Even in Nigeria, he does not have the educational background, not to talk of meeting the strict requirements of Canada. U get?

salford:


If i was in your shoes i.e in my opinion. Firstly, I would go to a province that gives PR easily just because you studied there, then move if i have to later after i get a canadian passport since provincial nomination usually ties one down to a province. What is the point of getting a job after so much trouble in a bigger province, but still cant get PR and eventually leave the country?

Concerning jobs, there would be IT jobs in Manitoba too although not as half as much as BC, but competition for jobs or coop placement won't be as stiff as BC.

Also, you have to consider the fact that lots of jobs in a province doesn't mean its easier to get a job there due to high competition. I read a similar post by wellendowed on the Australian thread and another one on the US threads. Same applies in UK too. lots of jobs in london but easier to get jobs in smaller cities. I have seen international students working in some jobs in Winnipeg, whereas PR and citizens would be grateful to God if they are able to secure such jobs in Calgary. There are exceptions though, some jobs are located only in particular places like oil fields jobs that don't offer fly in/fly out or some specialized jobs like investment banking careers.

Note: coop jobs are not guaranteed by colleges or university. They post jobs on behalf of employers then you would have to go through the employer's competitive screening and interview process. When some companies take on a coop student, the student has a good chance of staying on with the company after grad, so they want the very best student(s); therefore, the student would be interviewed thoroughly as a future staff.

You would have to check the BC immigration page to find out chances of securing PR after grad. Provinces have different requirements. I know in manitoba, it doesnt matter if you have a dip, degree or msc, your chances of pr are still very high but some provinnces prefers people with higher qualifications for their pr programs.

For a career in IT, I would recommend diploma since its more hands on.

salford:


If i was in your shoes i.e in my opinion. Firstly, I would go to a province that gives PR easily just because you studied there, then move if i have to later after i get a canadian passport since provincial nomination usually ties one down to a province. What is the point of getting a job after so much trouble in a bigger province, but still cant get PR and eventually leave the country?

Concerning jobs, there would be IT jobs in Manitoba too although not as half as much as BC, but competition for jobs or coop placement won't be as stiff as BC.

Also, you have to consider the fact that lots of jobs in a province doesn't mean its easier to get a job there due to high competition. I read a similar post by wellendowed on the Australian thread and another one on the US threads. Same applies in UK too. lots of jobs in london but easier to get jobs in smaller cities. I have seen international students working in some jobs in Winnipeg, whereas PR and citizens would be grateful to God if they are able to secure such jobs in Calgary. There are exceptions though, some jobs are located only in particular places like oil fields jobs that don't offer fly in/fly out or some specialized jobs like investment banking careers.

Note: coop jobs are not guaranteed by colleges or university. They post jobs on behalf of employers then you would have to go through the employer's competitive screening and interview process. When some companies take on a coop student, the student has a good chance of staying on with the company after grad, so they want the very best student(s); therefore, the student would be interviewed thoroughly as a future staff.

You would have to check the BC immigration page to find out chances of securing PR after grad. Provinces have different requirements. I know in manitoba, it doesnt matter if you have a dip, degree or msc, your chances of pr are still very high but some provinnces prefers people with higher qualifications for their pr programs.

For a career in IT, I would recommend diploma since its more hands on.

WellEndowed:


If you go on Seek.com you'd find thousands of jobs in Melbourne, Perth, Brisbane, Sydney e.t.c. Good luck getting in. You would then find 2 vacancies advertised on seek in one regional town like that, you put in your application and you will be surprised to get a call for a phone interview and holaaa you've got the job.

I know a mental health nurse originally from India who left Melbourne to one regional town in WA to work. She couldn't get full time work in Melbourne

As a newbie start small and then work your way into a city. There is enough time for big city enjoyment.

Pidgin2:


Lol if any right thinking person read my posts and read your responses they will know the truly frustrated, sad, demonic, mentally imbalanced and evil person among us, it's left for them to judge

Each time I read your response I can only picture a recluse or hermit who doesn't usually interact with human beings, where do you live, somewhere in the dense woods of Canada? You need to interact more with living beings o, your case no bi here

Another issue might be the use of illegal drugs, please take it easy sha drugs hasn't helped anyone yet

Take care