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Stats: 2,527,875 members, 5,789,689 topics. Date: Friday, 14 August 2020 at 12:26 PM
|After NYSC What With #500,000 In My Account? by Cof1ex(m): 10:41pm On Jul 25|
Am really going to be straight here. I was able to save #200,000 through a side hustle (riding okada) early last year (jan-may) while awaiting service and up to another 100k i used for service.
I abandoned the money in a fixed deposit account and moved on for nysc... During my nysc, i found my way to the secretariat which gave me chance to do small hustle. I got a factory work which was paying me 25-35k (with loads of stress and i was settling them at the secretariate with 7k). With that, i was able to save all my allowee(#310,250) except the first that was paid in camp cash.
I traveled home during the early corona virus lock down as corpers were advised to go home or any safe place and my factory work was back sliding as materials were costly in the market. >>>
Currently am done with nysc and left my work before the lock down, critically thinking of what next to do with my life. Contemplating on staying back at ogun (sango otta) where i served or going back to abia (my state) and start up fishery or piggery, or poultry, or computer center, or dry cleaning. Just lost in thought. I know how hard i worked to gather this money, i starved myself and deprived myself enjoyment, and the shame of a graduate riding okada (as my dad was financially ok before he died 2k17). I just don't want to carry two legs put for river talk say na testing..
Please help!!!! Lala abeg push to fp
148 Likes 14 Shares
|Re: After NYSC What With #500,000 In My Account? by Grateful007: 10:45pm On Jul 25|
Cof1ex:invest in Chymall e-commerce website... with #319200 as a VIP 4 member... and earn 45k plus monthly 4 life
11 Likes 14 Shares
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 10:49pm On Jul 25|
Grateful007:how real is it... I need something i can hustle for, not online stuff
233 Likes 15 Shares
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 10:52pm On Jul 25|
Lala abeg naaa help me, i know their are people out there with answers to my question. Please move to front page... Ejoor, biko, abeg, please..
|Re: After NYSC What With #500,000 In My Account? by Grateful007: 10:55pm On Jul 25|
Cof1ex:it's real.. it's an e-commerce website like jumia or say konga...u buy a shop trade d company sells it 4 u... drop both d capital and profit every 10-11 day's...then u retrade again.. it's not a Ponzi scheme...Nd u ar payed in dollars
7 Likes 2 Shares
|Re: After NYSC What With #500,000 In My Account? by uruba23: 11:03pm On Jul 25|
nwanne you are an igbo man, just find someone to learn some trade from,good thing you are learned, you would learn quickly .Even if it is selling Tiles that my friend advice me to , but I prefer learning my computer. -
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|Re: After NYSC What With #500,000 In My Account? by Razzness(m): 11:07pm On Jul 25|
U should not use the money to start Poultry or piggery, its kinda risky for beginers. Look for business that will be giving u steady income with little or no risk of loosing ur capital e.g the computer centre, do a proper feasibility study, u can then be investing ur returns into the poultry or piggery gradually. Depending on ur area u can also consider p.o.s, game centre, drycleaning e.t.c just do a close evaluation in ur area and decide on providing services that are sought after.
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|Re: After NYSC What With #500,000 In My Account? by Razzness(m): 11:08pm On Jul 25|
Pls don't mind this e-commerce ppl, tell them to help themselves first b4 helping others.
302 Likes 14 Shares
|Re: After NYSC What With #500,000 In My Account? by Jerusalem1(m): 11:10pm On Jul 25|
Sir be warned don’t contact anyone on this forum regards to business. You’re not the only on such boat lots of Nigeria youths have money but scared to start business, the truth is business not easy right now in Nigeria you need lots of money to even think of good gains
I’ll advise you even if you want to start any business don’t use all the money keep some.
125 Likes 8 Shares
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 11:12pm On Jul 25|
uruba23:nnaa thanks, learning a trade won't be bad and the amount i have will be a head start. I had it all planned to learn paint production last year before hurtling but something occured that took my mind off it... Thanks
14 Likes 1 Share
|Re: After NYSC What With #500,000 In My Account? by azadus18: 11:17pm On Jul 25|
buy FG job
60 Likes 2 Shares
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 11:17pm On Jul 25|
Razzness:thanks plenty, i really appreciate. I wanted to move to the state capital and start a dry cleaning and computer center but was contemplating if combining with him will be good...
2 Likes 2 Shares
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 11:20pm On Jul 25|
Razzness:here is just like a market, people parade their goods for you to buy... MMM, GIVERFORUM, MMM WESTAFRICA all thought me a great lesson
23 Likes 2 Shares
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 11:22pm On Jul 25|
Jerusalem1:thanks plenty, i really appreciate
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 11:23pm On Jul 25|
|Re: After NYSC What With #500,000 In My Account? by azadus18: 11:32pm On Jul 25|
Cof1ex:..if u get strong connection..500k can buy u a good federal job...
57 Likes 3 Shares
|Re: After NYSC What With #500,000 In My Account? by monichannel: 11:41pm On Jul 25|
Barbing salon and dry cleaning service blends well. A friend is currently running both in a small shop and he's running his MSc with the proceeds.
Also, if you have access to a farmland, look into pepper and garden egg farming. Another of my friends is into this.
66 Likes 6 Shares
|Re: After NYSC What With #500,000 In My Account? by Grateful007: 11:58pm On Jul 25|
Razzness:if u around Anambra state... Onitsha 2 be specific...u can pay me a visit, I am into importation of foreign Sweet's in relief mkt Onitsha... it's all about having multiple incomes Pal... Don't conclude on anything u know nothing about..
|Re: After NYSC What With #500,000 In My Account? by maximus2: 12:05am On Jul 26|
Split your cash into 2(50/50 or 60/40).
Save 40%, use the other percent to do the following.
1.) Learn a marketable skill or skills
Why: because skill is the only thing you can use to raise capital for business when the chips are down.. marketable skills gives you something to fall back on...if you take it seriously you'll be fine financially in some months time .. Web design,digital marketing,graphic design etc...
Focus on 1 to 3 and learn the business of your skill too..
There are many skilled people who are not rightly positioned because they do not understand the business of their skill. One good project will recoup your investment in acquiring new skills(there's Fiverr and freelancing too),get a mentor on this
2.) Look for an offline business with low capital demands but reasonable ROI.. my suggestion is you learn the silver extraction business, it's very lucrative and the cost of starting compared to profit realised is low but you have to work hard as you'll do for any other business. You can learn importation too, not all these ones teaching you how to get products from China,then sell to imaginary customers... Get a real successful mentor to show you the ropes... especially with Facebook ads and pay on delivery.... The importation game has changed.(search for adesanya Sunday abiodun aka importation chief priest on Facebook,he has an office in Lagos and does one on one training, he's good at what he does)
3.) Set your sights on foreign exchange or crypto or both after the first 2 have been realized, don't be dumb enough to say forex or crypto is scam, the rate at which the country is going your 500k may lose value in the coming months . Find a way to earn money in foreign currency that way your are balanced. Crypto currency is really broad but we are about to have a repeat of the 2017/2018 bull run. As for forex,you can learn to trade,though that is a longer and more rewarding journey or you can look for a consistently profitable signal provider... And test the waters with your demo account for a week before risking your cash .. the same goes for crypto.
Pls don't be fooled by people posting screenshots of how much they've made from trading, most of them are after your money .. never ever give anyone money to trade for you.
Lastly combine option one with either option 2 or 3. Don't do both at the same time
Don't be ignorant of online businesses
There's a domain name business thread by Iykepromotions here on nairaland... Learn the ropes of that business,the ROI to cost is really good.
Before you do anything pls take out time to pray, this is your life we are talking about here,you've worked hard,you have the seed now,you just need to know the right ground to sow...
Before attempting any business or opportunity please take time to thoroughly do your research and investigations.
Remember this, a fool is easily parted with his money,so please be very wise and patient. Do not rush into anything so you'll not rush out in tears.
159 Likes 15 Shares
|Re: After NYSC What With #500,000 In My Account? by fwzolamide1(m): 12:19am On Jul 26|
I'm still an undergraduate, I will hustle like the way you did throughout your service.
1) You have 500k . My brother you can start with a small scale business with 50k. E.g. buying Nigerian rice , beans and water melon onion from northern part of Nigeria,for instance you would buy rice @ 17 transport 1 k per bag , and be you seselli it @retail / wholesales price.
2 You can also do a live stock agriculture , which you would start buying, ram, goat cow, pig fog, rabbit , even snail.
3) is paga, data selling, cable subscription , collecting daily contribution,but it is not profitable.
My brother start that no 1 and no 2.
You can start both with 150k. Keep the remaining 350
47 Likes 6 Shares
|Re: After NYSC What With #500,000 In My Account? by maximus2: 12:23am On Jul 26|
These nairaland threads will help you,some are old but gold. Remember you have to 100% do what it takes to succeed..
There's so much more on the forum
Search for the topics of these nl profiles
Check the agriculture section too,there are a lot of hidden gems there.
There are a host of others,you'll have to search it out yourself.
Don't go and start a computer center in this age...
I believe you're on the right path, all the best Cof1ex
66 Likes 20 Shares
|Re: After NYSC What With #500,000 In My Account? by Razzness(m): 12:32am On Jul 26|
Grateful007:I am talking about those that will say invest 2k and be getting 5k daily. I know importation is good and there are other legit e-trading too.
|Re: After NYSC What With #500,000 In My Account? by adewumiopeyemi(m): 1:23am On Jul 26|
Don’t invest in anytin beware of 419 just hold on til you find something suitable to invest in remember things are expensive due to this convid19!
|Re: After NYSC What With #500,000 In My Account? by NDakota: 2:01am On Jul 26|
First off, congrats, man.
You went in and passed out of NYSC in one piece. And you were able to save much with little pay. Kudos, you've built something solid that will serve you whatever you do...
What you have developed is called financial discipline.
It's rare to see Nigerian youths with this skill these days.
My advice to you?
I don't give business or investment advice. But I can tell you what not to do...
...Never EVER go back to Abia. You'll kill the little dreams you have if you get back to that backwater.
I left Abia a few years ago, and it's been the best decision of my life so far.
Ota is close to Lagos. Whatever you start there has a 10X chance of gaining more traction than whatever you start in Abia.
#500,000 isn't a lot of money. Stay put and grow tha tmoney where you made it from!
81 Likes 6 Shares
|Re: After NYSC What With #500,000 In My Account? by stagger: 2:05am On Jul 26|
My brother, what is the shame in doing legitimate work like riding bike? Between you and hushpuppi, who has more prestige and whose head is carrying international shame and disgrace?
It is your money and you worked for it. That's all that counts. Even in my farm last year, I joined the villagers contracted for the harvest to bring in the corn. They only knew I was the owner of the farm when I put my hands in my pocket and brought out the cash to pay them.
No shame in legitimate work.
90 Likes 8 Shares
|Re: After NYSC What With #500,000 In My Account? by Gspotlicker(m): 5:11am On Jul 26|
Cof1ex:lala no dey hear Ejoor, Biko, Abeg, please etc...na mbok him dey hear...I tu dey see am for afang thread
5 Likes 1 Share
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 6:59am On Jul 26|
monichannel:thanks, I really appreciate.
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 7:00am On Jul 26|
maximus2:this is really well detailed, thanks plenty
3 Likes 1 Share
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 7:05am On Jul 26|
fwzolamide1:thanks so much dear, I really appreciate. believe me, it wasn't easy. you will have to sacrifice a lot, and disconnect yourself from who you really are, and lastly you need to be deployed to an area you can hustle...
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 7:07am On Jul 26|
maximus2:thanks so much, I really appreciate. am already on it now.
|Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 7:09am On Jul 26|
adewumiopeyemi:yeah I plan taking my time, do a thorough research with a business plan.... thanks so much, I really appreciate.
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