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I Want To Quit My Job And Live On My Savings - Career - Nairaland

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I Finally Quit My Bank Job For Bolt Driving / I Quit My Lagos Hotel Manager Job, Relocated To Abuja For Green Pasture -Emenalo / Do I Need To Quit My Job ? (2) (3) (4)

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I Want To Quit My Job And Live On My Savings by sabanageorge(f): 8:59am On Feb 04, 2018
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.

12 Likes 3 Shares

Re: I Want To Quit My Job And Live On My Savings by nenergy(m): 9:06am On Feb 04, 2018
About being unhappy at your job. Please investigate the root cause....knowing it might also help you decide.

17 Likes

Re: I Want To Quit My Job And Live On My Savings by hungryboy(m): 9:55am On Feb 04, 2018
i was hoping to see a guy who had 2billion naira in the bank, with 1.5 billion of it in fixed deposit giving him 10 - 15% interest yearly and the other 500million in a savings account, saying this.

127 Likes 6 Shares

Re: I Want To Quit My Job And Live On My Savings by xfire: 2:25pm On Feb 04, 2018
sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.
Have you thought of the following....

(1) Do you have a house of your own or are you payin rent?
(2) How secure are those investments that yield 400k?
(3) Do you have a family with kids? Are your kids all grown up or still in school? This is a major factor in any decision you wanna take.

Sincerely 400k is not a lot of money to live on forever. Inflation rate in Nigeria is quite high. That amount will pale into insignificance in a few years time if you don't grow your investments.

126 Likes 2 Shares

Re: I Want To Quit My Job And Live On My Savings by Ranchojude: 3:16pm On Feb 04, 2018
I am a songwriter and a singer but can't help myself financially...pls l need help

4 Likes 2 Shares

Re: I Want To Quit My Job And Live On My Savings by thesettingz(m): 7:23am On Feb 05, 2018
Well living on a 400k income makes you a middle income earner, you are a rich man in this country if make such amount of money monthly. So the choice is urs

15 Likes 1 Share

Re: I Want To Quit My Job And Live On My Savings by yesloaded: 7:23am On Feb 05, 2018
You need to think twice about quiting your job, but as regard the crypto its better for you to cash out now because there are lots of hidden things about the increase and decrease in value. I don't want to sound as Mr. Know It All but I can tell you that lots of things was hidden front crypto investors.

6 Likes 2 Shares

Re: I Want To Quit My Job And Live On My Savings by sotall(m): 7:24am On Feb 05, 2018
Clap for yourself
Re: I Want To Quit My Job And Live On My Savings by Nobody: 7:24am On Feb 05, 2018
Quit and go full time into diversifying your investments, buy assets like land, etc. I just think that when you quit, even though you have a steady stream every month. . .it doesn't hurt to keep making more. I'm still an undergraduate though. Don't take my word for it, I'm just saying what I'd do.

9 Likes 2 Shares

Re: I Want To Quit My Job And Live On My Savings by sweetkev(m): 7:25am On Feb 05, 2018
hungryboy:
i was hoping to see a guy who had 2billion naira in the bank, with 1.5 billion of it in fixed deposit giving him 10 - 15% interest yearly and the other 500million in a savings account, saying this.
How can you make that kind of money legally in Nigeria starting from scratch and when you're not born with a gold spoon in your mouth? Buhari government has made some people so dumb and made them reason from their smelly black ass lol

49 Likes 2 Shares

Re: I Want To Quit My Job And Live On My Savings by MicroBox: 7:26am On Feb 05, 2018
My friend, my candid advise is please quit that job and face your investment squarely. It will grow higher in no time and you will come back here singing song of praises. As for Crypto, it will bounce back and come to stay, its wallstreet guys creating FUD to buy more coins and later pump and dump it.
Startingup is always the issue but since you have taken that bold step, then the sky should be your limit.
Lastly, if you are still single, please and please go and marry because it will open your mind and brain to see more opportunities as regard investments.

19 Likes 2 Shares

Re: I Want To Quit My Job And Live On My Savings by Ikwokrikwo: 7:27am On Feb 05, 2018
The headline is misleading. You won't be living on your savings but on your investments.

Quit

17 Likes 1 Share

Re: I Want To Quit My Job And Live On My Savings by nkemjacob2(m): 7:27am On Feb 05, 2018
Abeg dash me the job. Nigeria is a shithole country

1 Like

Re: I Want To Quit My Job And Live On My Savings by jaychubi: 7:27am On Feb 05, 2018
sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.

U dey craze angry angry

Except u r up to 65 yrs continue working until ur investments which is diversified can generate at least 5 million monthly. 400k is nothing. Think big

17 Likes 3 Shares

Re: I Want To Quit My Job And Live On My Savings by martyns303(m): 7:28am On Feb 05, 2018
sweetkev:
How can you make that kind of money legally in Nigeria starting from scratch and when you're not born with a gold spoon in your mouth lol

Why not? people make far far more than that legally, u can't however make that kind of money doing a 7-4 job. Do u want to see real life billionaires? take a stroll to Legend Hanger, it is located behind MMIA, where the car park is.

2 Likes 1 Share

Re: I Want To Quit My Job And Live On My Savings by mommaJ(f): 7:29am On Feb 05, 2018
GOOD DAY NAIRALANDERS.I M STILL HERE...DONT GIVE UP ON ME YET https://www.nairaland.com/4312232/husbanda-good-man-help#64524181

2 Likes 1 Share

Re: I Want To Quit My Job And Live On My Savings by Jethrolite(m): 7:29am On Feb 05, 2018
hungryboy:
i was hoping to see a guy who had 2billion naira in the bank, with 1.5 billion of it in fixed deposit giving him 10 - 15% interest yearly and the other 500million in a savings account, saying this.
Which bank in Nigeria pays 15% on tenured deposits?
Re: I Want To Quit My Job And Live On My Savings by BoboKush(m): 7:29am On Feb 05, 2018
Ranchojude:
I am a songwriter and a singer but can't help myself financially...pls l need help

If you need epp.... Help urself na
Re: I Want To Quit My Job And Live On My Savings by Omudia11: 7:29am On Feb 05, 2018
My question is this. Which crypto did you invest in and what are some good ones you can advice a potential investor to look into.
Re: I Want To Quit My Job And Live On My Savings by Nobody: 7:30am On Feb 05, 2018
So u intend to start up a business or are you comfortable with your present condition? What happens if your investments go south someday?
Re: I Want To Quit My Job And Live On My Savings by Deo1986(m): 7:30am On Feb 05, 2018
You know your mind best boy.. Quit your job if you wanna, stay on your job if you wanna. Its nobody's business. Nairaland is becoming a very boring and uninteresting place with people coming on here to ask for money!

1 Like

Re: I Want To Quit My Job And Live On My Savings by jerflakes(m): 7:30am On Feb 05, 2018
So, why you dey tell us?

3 Likes

Re: I Want To Quit My Job And Live On My Savings by VictorRomanov: 7:30am On Feb 05, 2018
If you don't like your job and want to quit, by all means do. But let it not be because of laziness. And make sure you do get another job, no matter how small. Even billionaires still need to do some sort of work.

N400k maybe enough for you today as a single man, but would it be enough when u get married, raise children, and decided to own a home. So think it through thrice and be flexible in whatever decision you take.

3 Likes

Re: I Want To Quit My Job And Live On My Savings by Nobody: 7:31am On Feb 05, 2018
sweetkev:
How can you make that kind of money legally in Nigeria starting from scratch and when you're not born with a gold spoon in your mouth? Buhari government has made some people so dumb and made them reason from their smelly black ass lol
Its actually possible to mal such in Nigeria. Even a small investment in cryptocurrencies 3 years ago would have turned to billions of naira today. There are many ways to make money.

1 Like

Re: I Want To Quit My Job And Live On My Savings by rozayx5(m): 7:31am On Feb 05, 2018
sweetkev:
How can you make that kind of money legally in Nigeria starting from scratch and when you're not born with a gold spoon in your mouth? Buhari government has made some people so dumb and made them reason from their smelly black ass lol


You can in the crypto space


Get informed

Me and op in the same field so I know what he is saying

I don't have a job but I live fine

A well planned coin offering can raise 20m$ in minutes

5 Likes

Re: I Want To Quit My Job And Live On My Savings by LIFEisSIMPLE: 7:33am On Feb 05, 2018
With all due respect sit, you still live an average life. Keep working and grow ur investments. 400k is not money with the way inflation is skyrocketing

1 Like

Re: I Want To Quit My Job And Live On My Savings by Jethrolite(m): 7:33am On Feb 05, 2018
sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.
You are not about to live on your savings rather it is passive income. Try to sort things out with your job if not, I believe you have gotten to the point where your passive income surpasses your monthly expense. You can quit and focus on growing your business. If you do a good job, in 10 years or less, you could be making your current annual turnover in a month.

2 Likes

Re: I Want To Quit My Job And Live On My Savings by chidekings(m): 7:35am On Feb 05, 2018
It's easier said than done.
Re: I Want To Quit My Job And Live On My Savings by InvertedHammer: 7:35am On Feb 05, 2018
sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.

That's a big gamble as crypto is likely to enter into multi years of ranging. Take a cue from gold (parabolic rise followed by irrational exuberance, and now ranging). The sad part is that no matter how frugal you are, your fund cannot sustain you. You will be surprised at how many people hate their jobs but still have to do it. If Bill Gates, Dangote, Zuckerberg still wake up to go to work, I don't see why you shouldn't. Money is a limited resource.

By the way, crypto is played out. It will die a natural death. Smart money moved funds out in Nov/December. Retail investors will be left holding the bag. History has ways of repeating itself. Crypto is a fad and a gamble. It is never an investment. Like MMM, I expect the noise about crypto to die this year. In less than a month, it went from $10k to $19k. In less than a month, it went from $19k to $7.5k. I feel sorry for retailers.
/

6 Likes

Re: I Want To Quit My Job And Live On My Savings by Kingbuhari(m): 7:36am On Feb 05, 2018
400k... op sharap even Trump don't earn that much monthly, average annual salary for doctors in US is less than 200k... how much more menial
worker like u

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