Gentlewarrior1:

Haba bros

One month salary bigger than your 1year rent

Hmm. U dey mean o. And you have a smart move but have it in mind that sometimes getting a personal house might be a liability. Its always an asset no doubt but without the right setup and money e fit no favour u o.

I am saying this because i know someone who suffered himself did this same method just like you just because he was fantasicing a getting a beautiful house. He went through all that stress and got the house.

2 years later unfortunately lost his job and and had to sell that house.

@princeking2
Sometimes rent is not such a bad thing. No be must to be landlord attimes. Having cash and a steady source of income is the shit. So that even when you finally get a house you have nothing to worry about

fireback:

Any one year rent that cost more than my two month salary is not worth it... Presently my one year rent is less than my salary in one month. All you need do is save up to half you monthly salary for a year especially if you're still single, use it to buy land, no matter how small the land is and start building your own house. If you re buying a land in a developed place, the land might be smaller but if you're buying from a developing area, you might get a bigger space. All depends on the area you want. Am not just talking but speaking from experience.

cyclops:
alot of people are talking some dont even have a job see that one is talking about land n house with 80k, bro u can simply pay for it 80k a month is enough, just budget period, u use 40k a month save 40k until ur rent is fully saved then u can start buying stuff, simple.

princeking2:

I stand with you on this.
I'm currently working but my one year rent is less than my one month Salary. I don't have plans of getting another bigger or finer house if not my personal house. Anybody that will not visit me should lodge in a hotel.

Bestinstinct:

Bro, I'm a perfect example. Went with same advice now I spend 30-35k on car fueling on monthly basis. If I analyze what I'm going through eh, you will realize getting a 500k rent in town is way better.

Gentlewarrior1:

Haba bros

One month salary bigger than your 1year rent

Hmm. U dey mean o. And you have a smart move but have it in mind that sometimes getting a personal house might be a liability. Its always an asset no doubt but without the right setup and money e fit no favour u o.

I am saying this because i know someone who suffered himself did this same method just like you just because he was fantasicing a getting a beautiful house. He went through all that stress and got the house.

2 years later unfortunately lost his job and and had to sell that house.

@princeking2
Sometimes rent is not such a bad thing. No be must to be landlord attimes. Having cash and a steady source of income is the shit. So that even when you finally get a house you have nothing to worry about

OLASUNKONMI:


Since I was born, I have never..I repeat never seen, any human reasoning that is as bad, wrong and myopic as this one.Please no offense......infact I don't know what to tell this guy bcs am still in shock with his reasoning.
Haaaahhh

onegig:


Most are just blinded by the bulk sum. 30k in 12months is 360k.
Factor in the cost you spend on servicing the car monthly due to the rigours you go through daily , then the stress from driving long hours daily and you would see your are shortchanging yourself in the long run.


If we had rail systems that worked and you could hop into a train from the city centre to the outskirts then that's fine but staying far away in most Nigerian cities is just a death wish. If you don't have a car, you contend with One chance, pick pockets, stress of hapharzard public transport system. If you have a car, long distance, bad roads , costs of maintenance.

So why not just move closer and cut those troubles out of your life?

300wayne:
sounds pessimistic

meekparagon:
Please think twice
I really agreed with those that advice you to go for land instead, while disagreed with those that advice you to go on.

I could still recalled some years back after finalizing with my ssce (waec). I got a job with a construction which I happened to go home with #50,000 as a painter, but sometimes I do go out for a private job.

There was a particular friend who always advice me to go and get one room self contain total of #180,000 and #130,000 annual, I disagreed with him and rented a room of #60k annual. That was how life begins.
1½ years later I was able to raised something with family support, and I got myself Toyota Siena that runs ajah to Berger #600 per passenger with seven contains. I did that and got a land at onousa half plot.

Currently doing my 100L at maritime academy. Then continued with during break.

The funny part of it , those guys that advice me to rent apartment of #180,000
Are still earning #50,000 with nothing to show except living in someone room and parlor while feeling big.


Please please please #goodplace don't allowed someone to helped you to economize your money or your thought try and take your own decision and think twice .
Good luck Bro.

iAudio:
bros this is easy for you because according to you, your one year rent is less than your one month salary.

Lets assume a level 8 federal civic servant who lives in a city and earns about 80k per month, do think that half of his salary saved in a year which is 40k times 12= 420k can buy a land in the city except remote villages where he will still be paying heavily on transport to and fro work everyday?

Your advice is a good one but not for someone who earns that low. Except he will save for a very long time, which also confines him to continue paying rent till after the long time of saving

Goodplace:
If Someone is in a work of 80k per month can he afford a place of 200k with no side income yet?

Gentlewarrior1:

Haba bros

One month salary bigger than your 1year rent

Hmm. U dey mean o. And you have a smart move but have it in mind that sometimes getting a personal house might be a liability. Its always an asset no doubt but without the right setup and money e fit no favour u o.

I am saying this because i know someone who suffered himself did this same method just like you just because he was fantasicing a getting a beautiful house. He went through all that stress and got the house.

2 years later unfortunately lost his job and and had to sell that house.

@princeking2
Sometimes rent is not such a bad thing. No be must to be landlord attimes. Having cash and a steady source of income is the shit. So that even when you finally get a house you have nothing to worry about

tee4naija:


He is right. My current rent is just about one third of my monthly pay. I live and work in a place about an hour drive from my home town. I have built 2 decent houses in my home town.
If you don't want to live in perpetual misery, ensure your rent do not exceed your 2 month salary for whatever reason. Rents and other expenses increase faster than salaries. Always think of when you have responsibilities even when you are still single.

However, the fact that you have your own house does not mean you should stop paying rent. I want to live in my own house is the reason why some people live in abject poverty.
Consider the cost and ease of transport to your place of work. Consider availability of basic amenities around your house. Some people live in their own houses and yet spend more on transport to work than they spend on rent . This is an unwise decision.

Mrkumareze:


Your comment made me come into the show, i keep wondering the kind of huz people want Op to live in...100k?? That must be in one of those swamp ... paying 200k is not too much for one who earns 80k a month....The place you live or work determines the kind of people you meet in life... Op should remember the place we live has a potential role in our life

fireback:

Yes its easy for me because I made it easy for myself by cutting my coat according to my size.
.
For your second question- any civil servant who earn 80k per month and save up to 400k per year can buy a land in the city. Don't forget I couldn't get up to a plot as at that time, so I went a qauter plot. In situation where you cannot get land at dat price, all you need do is look for cheaper land in other area close to your office where you will not spend so much on transport. After all with your 200k per year rent, you will still pay transport.

fireback:

100k rent swamp??. Pls is alen avenue at ikeja lagos a swamp? Cos I have a friend who lives there and he's paying 80k/yr for a room selfcon.

tee4naija:


He is right. My current rent is just about one third of my monthly pay. I live and work in a place about an hour drive from my home town. I have built 2 decent houses in my home town.
If you don't want to live in perpetual misery, ensure your rent do not exceed your 2 month salary for whatever reason. Rents and other expenses increase faster than salaries. Always think of when you have responsibilities even when you are still single.

However, the fact that you have your own house does not mean you should stop paying rent. I want to live in my own house is the reason why some people live in abject poverty.
Consider the cost and ease of transport to your place of work. Consider availability of basic amenities around your house. Some people live in their own houses and yet spend more on transport to work than they spend on rent . This is an unwise decision.

SoNature:


I don't think it is okay, especially if you live in Lagos.

Look for a house of maximum 100k.

If someone tells u that your 3 months' salaries will pay your rent, it simply means that the person hasn't worked before.

The reason is that no man can save all his salary, unless you steal from your company.

You may pay the rent the first time because you saved up for it, but subsequent occasions will not be funny.

Remember you will feed, tithe, send money home, transport to work, and booze

A word, for the wise, is enough

meekparagon:
Please think twice
I really agreed with those that advice you to go for land instead, while disagreed with those that advice you to go on.

I could still recalled some years back after finalizing with my ssce (waec). I got a job with a construction which I happened to go home with #50,000 as a painter, but sometimes I do go out for a private job.

There was a particular friend who always advice me to go and get one room self contain total of #180,000 and #130,000 annual, I disagreed with him and rented a room of #60k annual. That was how life begins.
1½ years later I was able to raised something with family support, and I got myself Toyota Siena that runs ajah to Berger #600 per passenger with seven contains. I did that and got a land at onousa half plot.

Currently doing my 100L at maritime academy. Then continued with during break.

The funny part of it , those guys that advice me to rent apartment of #180,000
Are still earning #50,000 with nothing to show except living in someone room and parlor while feeling big.


Please please please #goodplace don't allowed someone to helped you to economize your money or your thought try and take your own decision and think twice .
Good luck Bro.

fireback:

Any one year rent that cost more than my two month salary is not worth it... Presently my one year rent is less than my salary in one month. All you need do is save up to half you monthly salary for a year especially if you're still single, use it to buy land, no matter how small the land is and start building your own house. If you re buying a land in a developed place, the land might be smaller but if you're buying from a developing area, you might get a bigger space. All depends on the area you want. Am not just talking but speaking from experience.

vivalavida:
One thing to consider is comfort,safety and proximity to the office.l earn in the same region as the OP. I earn 96k. But truth be told I can't see myself living in a face me I face u apartment. I took a one bedroom apartment in an area close to my office where there is security. Its a gated estate with a police station close by and constant power supply.I pay 200k as rent. Transportation to and fro the office is #100 daily. So those saying nonsense are people who don't value their safety and comfort.what if while saving that money and living in an insecure place,all those Badoo boys in ikorodu use that their stone and smash Ur head in the night?
Abeg oo

300wayne:
sounds pessimistic

tintingz:
Rent of 60k, where is that?

Hotfreezers:


Poverty mentality.

I bought my first car earning 70k and made the money back in 3 months. With a car, I move more, achieve more and bill clients more.

Not everyone is cut out for suffer head.

tintingz:


I think some people don't consider the environment they should live which really matters.