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Nairaland Forum / Nairaland / General / Travel / American, US Based, And US Aspirant Derailer Thread (49847 Views)
If You Have The Opportunity, Leave Nigeria - US Based Nigerian Man / Derailer Thread: Meeting Point For Nigerians/Africans In Scandanavia / Dana Air To Fly US Based Doctors On Free Medical Mission To Uyo… (2) (3) (4)
|Re: American, US Based, And US Aspirant Derailer Thread by LUCAS99: 7:32pm On Aug 18, 2018|
I have no idea regarding getting funding from Venture Capitalist.
Most Small Businesses like me started from a little Beginning.
I worked two jobs and was able to save up $10,000 to bankroll my business.
Then I supplemented the business using credit cards and paying them back when due.
|Re: American, US Based, And US Aspirant Derailer Thread by LUCAS99: 7:35pm On Aug 18, 2018|
Very nice. That's sufficient for a round trip ticket to Europe.
You only have to worry about Tax & fees.
You guys probably need to take a vacation inorder to utilize the Mileage Points.
|Re: American, US Based, And US Aspirant Derailer Thread by Nobody: 7:50pm On Aug 18, 2018|
Astute businesses reward their customers by giving award points that can be used towards future purchases.
Let's take two cards for example.
On my Costco (sort of like a Shoprite) card issued by Citi Bank. There was an original 0% interest rate for 24 months (now expired but balance negligible and paid off monthly), 1% cashback for using the card elsewhere, 2% for Gasoline and 3% for shopping in store. No annual fee.
So basically I get money (direct cash) back at the end of the year based on those parameters. I think last years check was for $325, this is absolute free money. When I moved back to California I did not bring any furniture back and all my furnitures and household goods came from there. That year I probably got close to $1,000 cash back.
Onto the other card.
Airlines give reward by giving you miles based on some calculation that included the type of ticket you bough, how much you paid and the miles you travelled. So every time you fly you are earning miles as a reward. I have a coworker that travels extensively as a hobby and mostly on free flights and hotels.
A round trip ticket to Nigeria will cost I think 150,000 miles. So my Wife was essentially given almost a round trip between Nigeria and the USA, free.
Almost all major stores give some store of reward through their program.
Attached is a free $100 debit card that I got when I bought tires for my okada. The tires were $175 on sale even (regular price is $375) so I effectively paid $75 for them.
On building credit score.
There's no secret really. Pay on time, pay ahead of time, pay more than the minimum balance. Keep your debt to income ratio low, very low. Basically look to credit facilitators as someone that doesn't need them.
|Re: American, US Based, And US Aspirant Derailer Thread by ipledge01: 9:08pm On Aug 18, 2018|
lillaowow:Lol This got me, sha no start fight
|Re: American, US Based, And US Aspirant Derailer Thread by daudugod(m): 11:14pm On Aug 18, 2018|
Please someone help me out, my family(family of 5), our US Visa expired yesterday(17th August, 2018) and we intend renewing, please what are the steps to this, is it still possible for us to receive an interview waiver(if yes) does that mean each of us has to fill the DS-160 form again and Schedule appointment, I would need a step by step on what to do thanks in anticipation
|Re: American, US Based, And US Aspirant Derailer Thread by Laird(m): 12:02am On Aug 19, 2018|
Source; Fortune Magazine USA
These Are the 25 Highest-Paying Jobs in the U.S. Right Now
Pharmacy manager: $146,412
Enterprise architect: $115,944
Corporate counsel: $115,580
Software development manager: $108,879
Physician assistant: $108,761
Software engineering manager: $107,479
Nurse practitioner: $106,962
Software architect: $105,329
Engineering manager: $105,260
Applications development manager: $104,048
Plant manager: $103,892
IT program manager: $102,969
Solutions architect: $102,160
Financial planning and analysis manager: $102,155
Data architect: $101,900
Strategy manager: $101,754
Systems architect: $100,984
Scrum master: $98,239
Consulting manager: $97,154
Cloud engineer: $96,449
Tax manager: $96,175
Data scientist: $96,116
“Technology and health care are the two industries that are making the greatest impact on the economy,” said Sarah Stoddard, a community expert at Glassdoor. “There’s a high demand but short supply for those roles, driving up salaries.”
For career people who are legal USA American citizens or permanent residents and jobs will.need USA American School qualification certificates
|Re: American, US Based, And US Aspirant Derailer Thread by HypocriteNazi: 12:24am On Aug 19, 2018|
I looked this up. Read this article. Blacks are there, its in lower numbers. It could be a combination of factors.
And this article. https://www.usatoday.com/story/tech/nation-now/2016/02/08/african-american-diversity-tech-leaders-silicon-valley/76616284/
There is room for you to start something. Another article I read said that blacks make up a very large population of tech users.
|Re: American, US Based, And US Aspirant Derailer Thread by Dremca(m): 12:33am On Aug 19, 2018|
Thanks for sharing. I'm curious to know the reason why there are less African Americans in silicon valley.
|Re: American, US Based, And US Aspirant Derailer Thread by HypocriteNazi: 12:46am On Aug 19, 2018|
One of the articles said its not just a Black American problem, it is a minority and female problem as well.
|Re: American, US Based, And US Aspirant Derailer Thread by radautoworks: 2:28am On Aug 19, 2018|
My sentiments exactly
|Re: American, US Based, And US Aspirant Derailer Thread by radautoworks: 2:29am On Aug 19, 2018|
Why not incorporate in DL for tax savings? That's what we did
|Re: American, US Based, And US Aspirant Derailer Thread by radautoworks: 2:31am On Aug 19, 2018|
EgunMogaji:miles definitely and interest rates. Business class tickets RT to usa for equivalent of $2,400 will duh!
|Re: American, US Based, And US Aspirant Derailer Thread by radautoworks: 2:36am On Aug 19, 2018|
Are you in the USA? If you are,you are screwed and need a lawyer asap because you are officially illegal and can be deported. You are supposed to start renewal three months before expiration! What kind of visas? You will most likely need to exit the country. The sooner the better or you can be barred for 7 years.
|Re: American, US Based, And US Aspirant Derailer Thread by radautoworks: 2:40am On Aug 19, 2018|
If handled right from the start,all it takes is 6 months for a 750
|Re: American, US Based, And US Aspirant Derailer Thread by radautoworks: 2:43am On Aug 19, 2018|
Dremca:you'd be more successful starting that in Nigeria especially with the think tanks are spending here. Google,etc are investing in and making a TON off talent here. There is a big one in Yaba but i forget the name.
|Re: American, US Based, And US Aspirant Derailer Thread by Backfornow: 2:44am On Aug 19, 2018|
Lets talk about savings and credit cards
US households now owe $13.15 trillion in total debt, about $931 billion of it card debt, according to NerdWallet’s 2017 American Household Credit Card Debt Study along with its newly issued quarterly figures.
The average household card debt is close to $16,000. That comes with hefty interest bills.
“Credit card debt is one of the most expensive types of debt, and consumers who carry it pay an average of $1,292 per year in interest on it, assuming an average annual percentage rate of 18.76 percent,” the 2017 report said.
But since last year, the average household card interest bill has increased, NerdWallet said. It is now more than $1,300 a year because of the recent Federal Reserve interest rate hike. And another hike is expected this year.
The Fed also said more Americans have been carrying card debt over the past few years.
In its latest Survey of Consumer Finances, The Fed said households with card debt from month to month has increased to 43.9 percent from 38.1 percent at the end of 2013.
The average credit card household debt is approaching the historic high of just over $1 trillion set before the last recession, NerdWallet said, noting it could reach it next year. That is unfortunate, Palmer said.
“Turning to credit card debt is one of the worst options when you’re trying to manage money,” she said.
Why are Americans charging more?
“About 2 in 5 Americans who have ever had credit card debt (41 percent) reported that spending more than they could afford on unnecessary purchases contributed” to the problem, the 2017 study said. The next biggest use is paying medical bills.
The increased use of cards is widespread. NerdWallet said the potential abuse of card debt affects both independent contractors as well as employees, the rich as well as those with modest incomes.
“We don’t see this problem as much since we primarily deal with high net worth individuals, but we do see it. Very often clients will say, ‘Oh, I have $35,000 in credit card debt at 9 to 18 percent,’ ” said Robert Karn, a certified financial planner in Farmington, Conn. “I immediately ask why.”
He said consumers need a plan to prevent excessive debt.
Just as credit card companies aggressively market products to the average American, so the average American must have an aggressive plan to escape card debt, advisers say.
“People struggle to get out of debt because they don’t have a wise and coherent strategy to pay down debt,” said adviser Garrett Gunderson, founder of Wealth Factory in Salt Lake City.
He advocates restructuring loans by “rolling short-term high-interest into long-term low-interest loans.”
Karn said clients in card hell must track spending.
“I tell clients,” he added, “you’re paying 9 to 18 percent on these cards and the bank is only paying you 1 percent on your savings. We must do something about this.”
For those who fail to take card debt seriously, Karn warned, there will be pain.
“There’s no way to get around it,” Karn added. “You must have spending discipline.”
For those who use credit cards, please share some tips on how you are avoiding this spending frenzy temptation to those who are wanting to start using credit.
Next 4 ways to increase your savings without increasing income.
|Re: American, US Based, And US Aspirant Derailer Thread by radautoworks: 2:45am On Aug 19, 2018|
Are we related? You always say what i want to but more succinctly.
|Re: American, US Based, And US Aspirant Derailer Thread by radautoworks: 2:48am On Aug 19, 2018|
Arguably the most important of the three
|Re: American, US Based, And US Aspirant Derailer Thread by Nobody: 2:50am On Aug 19, 2018|
It's uncanny how similar our thoughts have been on various subjects
0% interest doesn't even blow up my skirt anymore. They have got to add some delicacies to the offers.
|Re: American, US Based, And US Aspirant Derailer Thread by Nobody: 2:57am On Aug 19, 2018|
It goes both ways actually, It's amazing isn't it?
Some subjects I read your response and I don't even bother responding because you've got got it all covered already, almost word for word.
|Re: American, US Based, And US Aspirant Derailer Thread by radautoworks: 3:11am On Aug 19, 2018|
|Re: American, US Based, And US Aspirant Derailer Thread by Backfornow: 3:25am On Aug 19, 2018|
|Re: American, US Based, And US Aspirant Derailer Thread by Holocene(m): 4:20am On Aug 19, 2018|
How can I get my taxes down? Uncle Sam takes about a third of my pay and the damn health insurance....any ideas
*the insurance is provided by my company
|Re: American, US Based, And US Aspirant Derailer Thread by stonemasonn: 5:23am On Aug 19, 2018|
Holocene:Taxes takes up a third of your income? Haba! Even if you live in California.
|Re: American, US Based, And US Aspirant Derailer Thread by NothingDoMe: 5:59am On Aug 19, 2018|
EgunMogaji:That's just what a lot of us want. A place to be normal.
|Re: American, US Based, And US Aspirant Derailer Thread by PDPGuy: 6:04am On Aug 19, 2018|
In the US, your credit score is really important. With good credit (generally a score of 700 or higher out of 850), you can buy a new car of $13,000 with a minimal down-payment, and an interest rate of around 1.5%-3%.
Also, a good number of landlords run your credit before deciding to lease an apartment to you; the bank will grant you a mortgage if your credit score is good.
Bad credit (generally 600 or below) means that you’d only be able to buy a car via a car note, or get a mortgage at relatively high interest rates of between 7-9% (or even more). What this all means is that when Peter only pays $55/month for owning an iPhone 10, you may be required to pay $120/month if you have bad credit, and and Peter has excellent credit.
Now, it’s possible to own cars, phones, etc by paying cash for them. But I would guesstimate that over 90% of US residents rely on credit to purchase those items.
Indeed, the US economy is a credit-based economy.
|Re: American, US Based, And US Aspirant Derailer Thread by Dremca(m): 6:37am On Aug 19, 2018|
Can credit score be gotten by paying bills early using savings and avoiding using credit
|Re: American, US Based, And US Aspirant Derailer Thread by Dremca(m): 7:05am On Aug 19, 2018|
Yea, you're right. I believe is less competitive in Nigeria but with the emergence of ecomerce store like jumia,
foreign influence played a big role in establishing the company. From workforce to funding, I really doubt if a company like jumia got their startup funding from a Nigerian bank. We all know the beaurocracy and the corrupt process of accessing a startup loan even with a collateral not talk of the epileptic power supply in the country.
All these deficiencies and more makes Nigeria unfavourable for startup to operate.
|Re: American, US Based, And US Aspirant Derailer Thread by Predstan: 8:21am On Aug 19, 2018|
|Re: American, US Based, And US Aspirant Derailer Thread by beatmonster: 8:53am On Aug 19, 2018|
|Re: American, US Based, And US Aspirant Derailer Thread by Babyvet: 12:30pm On Aug 19, 2018|
Like I said credit history is very important, length of history also matters. You can still get denied even with high credit score if you don’t have a enough credit history. Build your credit but also your savings as well. I got my first credit card ( unsecured by the way) by having money in my saving account. I kept applying and they rejected multiplyed times and then one day they finally approved me. Some things help your credit more than others like paying off a credit card helped my credit better than paying off my car early.
|Re: American, US Based, And US Aspirant Derailer Thread by Dremca(m): 12:37pm On Aug 19, 2018|
Please help educate us aspiring immigrant on how secured and unsecured credit and credit score work in lay man language.
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