Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,694,094 members, 6,349,474 topics. Date: Monday, 21 June 2021 at 01:51 PM

Nigerians In USA, Do You Save More Than N15 Million Yearly? - Travel - Nairaland

Nairaland Forum / Nairaland / General / Travel / Nigerians In USA, Do You Save More Than N15 Million Yearly? (46779 Views)

“Up NEPA!” Nigerians In Texas Shout (Photo) / US Shares Relief Materials To Nigerians In China Thrown Into The Streets / Thread For Nigerians In Other African Countries (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (13) (Reply) (Go Down)

Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 10:07am On Mar 07
I am a businessman and the thing is I am in for money in any choice I make. I made around 22 million in savings last year. Though I cut family and girlfriends off my life to achieve that and am in Nigeria.

But seeing the doings of people outside The country, there was an America based lady that spent over 12 million naira on her mother's burial. For her to spend that much I believe she will have 20x of that amount.

At least for an upright thinking fellow, I feel like am making less so am thinking of relocating. Can I make over 22 million yearly in savings in USA, If no how much can I save? Talk from your personal experience pls, Let stop deceiving each other pls, How much did you save annually in USA? Please let be sincere.

65 Likes 7 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by golddust6000(m): 10:15am On Mar 07
An average Nigerian in US don’t save 5m yearly.
All these people on the comment section don’t know how US or Europe works, you may die while working, you will age faster than your younger brother in Nigeria, you will likely fall sick by tomuch work overload.
At the end of every year you will realise that you did not save up to 4m.
Here you can’t escape tax, you ca never escape it. You will work for the government till you die, be wise.

239 Likes 15 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by tillaman(m): 10:25am On Mar 07
It Depends on the type of hustle grin
A dope dealer will save thrice the amount in months

170 Likes 11 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by Nobody: 10:34am On Mar 07
Depends what you do in America. If you work for somebody or company, I don't care if you are a doctor, engineer or lawyer, or mere warehouse worker, your income will be limited by tax even if you live frugally because you have no control of your taxes and you will shed almost 50% in taxes if you make more across taxes (federal, state, property and estate). Lets say you make $150k, government collect almost $75k in taxes across. You are left with $75k, after your house, car, emergency and personal expenses, you re left with $10-20k in the bank every yr. You can live a comfortable life but you will never be wealthy!

Now, if you own your own business, not mom and pop kiosk, I mean real business over $500k in revenue, you will have more control of your taxes. Once you understand how America works, which most Nigerians or black immigrants never understand anyways...just living the American dream blindly( big house and nice cars) and fatally in debt, you will know that America rewards business owners and entrepreneurs. Most Asian immigrants understand this which is why they own their own business and don't work for people!

Any Nigerian you know that is very very wealthy in America, has his/her own big business. These are not small boys and girls, they have over 5 employees (that's over $200k/90million in payroll a year assuming $45k each employee a yr), business location cost $500k-$5million. They rarely pay taxes because their business give them that advantage. Go and read why and how the rich in America pay zero to no taxes...actually government doesn't want you to if you create job, invest or an entrepreneur!

509 Likes 49 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by Ynix: 10:35am On Mar 07
Instead of traveling to the US own an offshore company there and do business there from Nigeria

43 Likes 7 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 10:41am On Mar 07
golddust6000:
And average Nigerian in US don’t save 5m yearly.
Re you serious, How re you sure about this

7 Likes 2 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 10:42am On Mar 07
kovic20:
Depends what you do in America. If you work for somebody or company, I don't care if you are a doctor, engineer or lawyer, or mere warehouse worker, your income will be limited by tax even if you live frugally because you have no control of your taxes and you will shed almost 50% in taxes if you make more across taxes (federal, state, property and estate). Lets say you make $150k, government collect almost $75k in taxes across. You are left with $75k, after your house, car, emergency and personal expenses, you re left with 10-20k in the bank every yr. You can live a comfortable life but you will never be wealthy!

Now, if you own your own business, not mom and pop kiosk, I mean real business over $500k in revenue, you will have more control of your taxes. Once you understand how America works, which most Nigerians or black immigrants never understand anyways...just living the American dream blindly( big house and nice cars) and fatally in debt, you will know that America rewards business owners and entrepreneurs. Most Asian immigrants understand this which is why they own their own business and don't work for people!

Any Nigerian you know that is very very wealthy in America, has his own big business. Don't ask me why. Go and read why and how the rich in America pay zero to no taxes...actually government doesn't want you to if you create job, invest or an entrepreneur!
So they save between 10 to 20k annually? Why will I step feet in that place if they make below what I make here

26 Likes 1 Share

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by Nobody: 10:46am On Mar 07
MrGoood:

So they save between 10 to 20k annually? Why will I step feet in that place if they make below what I make here

In dollars for an average middle class.

7 Likes 1 Share

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 10:50am On Mar 07
kovic20:


In dollars for an average middle class.
Thanks for your contribution this really help, I am waiting for someone that will mention the exact amount he or she save last year

2 Likes 1 Share

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by omowolewa: 11:03am On Mar 07
Ynix:
Instead of traveling to the US own an offshore company there and do business there from Nigeria

How?

1 Like

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by SmartPolician: 11:03am On Mar 07
golddust6000:
And average Nigerian in US don’t save 5m yearly.

The first question you have to ask is, does the person have a legit permit to work in the US?

If you do, you will have a good job and saying they cannot save up to 5m (about $11k) yearly is an insult to them.

@kovic20, how taxes work in the US depends on the government in power. A certain government may decide to tax the rich more and reduce the tax for the middle class. All they need is for the Congress to pass the bill. BTW, everyone pays taxes, including owners of blue-chip companies.

@MrGoood, you are already doing so well in your country. What's the essence of leaving a country that pays you well? You can go on vacation to those countries and return to your base.

Meanwhile, I would like to know the kinda business you do. As long as it's legit, I am game. wink

105 Likes 2 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 11:11am On Mar 07
SmartPolician:


The first question you have to ask is, does the person have a legit permit to work in the US?

If you do, you will have a good job and saying they cannot save up to 5m yearly is an insult to them.

@MrGoood, you are already doing so well in your country. What's the essence of leaving a country that pays you well? You can go on vacation to those countries and return to your base.

Meanwhile, I would like to know the kinda business you do. As long as it's legit, I am game. wink
It’s not insult to them , It’s just a reality ,You might think it’s insult because you re surprised

17 Likes

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by SmartPolician: 11:14am On Mar 07
MrGoood:

It’s not insult to them , It’s just a reality ,You might think it’s insult because you re surprised

I am not surprised because I have a sibling in Texas.

Being able to save money is an individual thing.

Some people work multiple jobs to have reasonable savings.

BTW, you skipped the last paragraph. grin

35 Likes 1 Share

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by Ibrahimmrfish(m): 11:15am On Mar 07
Rent in U.S is 1000+ monthly and the average Nigerian in U.S is a minimum wage earner,don't forget transportation,light and water at the end of the month, one is left with little cash for saving.

42 Likes 2 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 11:20am On Mar 07
[quote author=Ibrahimmrfish post=99679155]Rent in U.S is 1000+ monthly and the average Nigerian in U.S is a minimum wage earner,don't forget transportation,light and water at the end of the month, one is left with little cash for saving.
Re you talking from personal experience if yes how much did you keep last year

2 Likes 2 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by SmartPolician: 11:21am On Mar 07
Ibrahimmrfish:


Rent in U.S is 1000+ monthly and the average Nigerian in U.S is a minimum wage earner,don't forget transportation,light and water at the end of the month, one is left with little cash for saving.

Please this is FALSE.

Say what you know, please.

Rent varies just like it does in Nigeria

You go for what you can afford.

That's why I said that making and saving money is an individual thing.

70 Likes 1 Share

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 11:23am On Mar 07
SmartPolician:


I am not surprised because I have a sibling in Texas.

Being able to save money is an individual thing.

Some people work multiple jobs to have reasonable savings.

BTW, you skipped the last paragraph. grin
The money is small sir as am also thinking about making more, why will you join low income earner making small 22 mill a year , Year not even month . Waiting for who will mention there exact savings

7 Likes 2 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by Ibrahimmrfish(m): 11:32am On Mar 07
SmartPolician:


Please this is FALSE.

Say what you know, please.

Rent varies just like it does in Nigeria

You go for what you can afford.

That's why I said that making and saving money is an individual thing.
What part of U.S do u live? In U.S Saint Thomas, a two room apartment is $1300 per month.

39 Likes 3 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by SmartPolician: 11:33am On Mar 07
Ibrahimmrfish:

What part of U.S do u live? In U.S Saint Thomas, a two room apartment is $1300 per month.

Read my previous comments

Oga, rent is not fixed anywhere in the world.

84 Likes 3 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by tempest01(m): 11:36am On Mar 07
MrGoood:

The money is small sir as am also thinking about making more, why will you join low income earner making small 22 mill a year , Year not even month . Waiting for who will mention there exact savings

See your mouth like 22 mil.

When you have no ability to immigrate like others you end up talking down on them.
Leave people that want to travel out to do so. If Nigeria is paying you that much, why are you so concerned about what the immigrant is earning?
Is it a dck measuring contest?
I even thought i will see a sensible thread.

217 Likes 15 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 11:40am On Mar 07
tempest01:


See your mouth like 22 mil.

When you have no ability to immigrate like others you end up talking down on them.
Leave people that want to travel out to do so. If Nigeria is paying you that much, why are you so concerned about what the immigrant is earning?
Is it a dck measuring contest?
I even thought i will see a sensible thread.
You won’t understand what they mean by wanting too make more and more , Even Dangote is hoping for bigger opportunities, When you start making real money come and contribute, Btw I can go to USA if I want too , I just want a real life experience, And not blind journey, Please don’t mention me anymore

41 Likes 1 Share

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by Ibrahimmrfish(m): 11:41am On Mar 07
SmartPolician:


Read my previous comments

Oga, rent is not fixed anywhere in the world.
I am not arguing about rent being different in different states and cities,the thing is,if you are a Nigerian and you are hoping to secure a stable job in U.S,you have to move to place like Dallas, Huston, Saint Thomas, or the sate of California,all of which have an expensive rental and homeless problem. So since you are saying rent are less than 1k per month, please point out a city in U.S were rent is less than 1k in an area that is not a project.

28 Likes 2 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by Nobody: 11:44am On Mar 07
SmartPolician:


@kovic20, how taxes work in the US depends on the government in power. A certain government may decide to tax the rich more and reduce the tax for the middle class. All they need is for the Congress to pass the bill. BTW, everyone pays taxes, including owners of blue-chip companies.
wink

Not how taxes work in America. People like you belong to the category of black immigrants I stated don't understand how America works and don't want to learn. Any government in power can only increase or decrease income tax by 1-10% based on historical cuts. In practical sense only applies to employees, not the wealthy or business owners, as they have more control of their taxes. The wealthy rarely pay taxes and I won't explain further. Research!

29 Likes 1 Share

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 11:45am On Mar 07
Ibrahimmrfish:

I am not arguing about rent being different in different states and cities,the thing is,if you are a Nigerian and you are hoping to secure a stable job in U.S,you have to move to place like Dallas, Huston, Saint Thomas, or the sate of California,all of which have an expensive rental and homeless problem. So since you are saying rent are less than 1k per month, please point out a city in U.S were rent is less than 1k in an area that is not a project.
As someone who don’t womanize , No family problem, How much can average worker save in those cities you mention , I eat a lot thou . Am trying to scale my decision,

8 Likes

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by hakeem4(m): 11:46am On Mar 07
MrGoood:
I am a businessman and the thing is I am in for money in any choice I make , I make around 22 million in savings last year, Thou I cut family and girlfriends off my life to achieve that and am in Nigeria , But seeing the doings of people outside The country, There was an America based lady that spend over 12 million naira on her mother burial, For her to spend that much I believe she will have 20x of that amount , Atleast for an upright thinking fellow, I feel like am making less so am thinking of relocating, Can I make over 22 million yearly in savings in USA, If no how much can I save, Talk from your personal experience pls, Let stop deceiving each other pls, How much did you save annually in USA ? please let be sincere

It’s impossible to make this type of amount. But you’d need to starve yourself a lot to make this money in your savings

But it’s

8 Likes

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by Mightyhaiz: 11:51am On Mar 07
22mills after expenses now in this country is no mean feat.. if what you say is true,then u have no reason to be mulling relocation..


like sb said,if you are obsessed with travelling u can do that anytime u wish to and get back to base..

43 Likes 3 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 11:55am On Mar 07
hakeem4:


It’s very plausible to make this type of amount. But you’d need to starve yourself a lot to make this money in your savings
That starving won’t work, I can path ways with women and families but food, No way , let say I pay for a saner country -1 million , Can I make 21 million. honestly I won’t leave for anything below that , The difference between America and Nigeria is that one is saner than the other and let say I pay for the sane for a million naira , Is 21 million possible?

12 Likes

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by Fash20: 11:55am On Mar 07
MrGoood:

You won’t understand what they mean by wanting too make more and more , Even Dangote is hoping for bigger opportunities, When you start making real money come and contribute, Btw I can go to USA if I want too , I just want a real life experience, And not blind journey, Please don’t mention me anymore

The big men on NL do not want to show us way. Show me way... I can hustle aint lazy

11 Likes

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by November1857(m): 11:56am On Mar 07
MrGoood:
I am a businessman and the thing is I am in for money in any choice I make , I make around 22 million in savings last year, Thou I cut family and girlfriends off my life to achieve that and am in Nigeria , But seeing the doings of people outside The country, There was an America based lady that spend over 12 million naira on her mother burial, For her to spend that much I believe she will have 20x of that amount , Atleast for an upright thinking fellow, I feel like am making less so am thinking of relocating, Can I make over 22 million yearly in savings in USA, If no how much can I save, Talk from your personal experience pls, Let stop deceiving each other pls, How much did you save annually in USA ? please let be sincere
You're already doing well in here in naija by GOD'S Grace, what then are you still looking for !

16 Likes 1 Share

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by Ibrahimmrfish(m): 11:56am On Mar 07
MrGoood:
I am a businessman and the thing is I am in for money in any choice I make , I make around 22 million in savings last year, Thou I cut family and girlfriends off my life to achieve that and am in Nigeria , But seeing the doings of people outside The country, There was an America based lady that spend over 12 million naira on her mother burial, For her to spend that much I believe she will have 20x of that amount , Atleast for an upright thinking fellow, I feel like am making less so am thinking of relocating, Can I make over 22 million yearly in savings in USA, If no how much can I save, Talk from your personal experience pls, Let stop deceiving each other pls, How much did you save annually in USA ? please let be sincere
Don't even think of leaving, the U.S is not what you think it is.Try investing your money in real- estate in Abuja or Lagos.Buy enough houses, in 10 to 15year,you will have enough to live comfortably.But if you decide to move to U.S,make sure you become a business owner,Africa food is a big think and U.S is design for business owners not for workers.

50 Likes 3 Shares

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 11:58am On Mar 07
Fash20:


The big men on NL do not want to show us way. Show me way... I can hustle aint lazy
Big man? You must be joking , Am short and skinny, not that short thou, that money can’t even buy me a rolls Royce here and you call me big, Maybe because of my circle I do feel like am poor , I know someone who spend millions on burial , She’s a lady for that matter , I won’t try that currently so how am I big and about the earnings I built that business for 2 years so it’s not easy to get into it

18 Likes

Re: Nigerians In USA, Do You Save More Than N15 Million Yearly? by MrGoood: 11:59am On Mar 07
November1857:
You're already doing well in here in naija by GOD'S Grace, what then are you still looking for !
More money oo but thanks for your advice

4 Likes 2 Shares

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (13) (Reply)

Nigerian Man Based In Japan Reveals Why He Has Not Gone Into Crime. Photos / Plane Carrying 4 People And 2 Children Missing Over Bermuda, Bahamas(Photos). / China-Based Nigerian Man Crashes His G-Wagon SUV. Photos

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 160
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.