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!

PDJT:


-Sometimes it’s not all about money.

-Life is complicated. Many seek sanity, health, decent education and opportunities for themselves and children. For instance, the US citizenship will open tremendous opportunities for you if you’re business-minded or just love traveling- so many countries to visit without visa. Same is applicable with many other firstclass Nations.

-Madam Ngozi had to recently take up her right to US citizenship in preparation for her WTO application. She wasn’t daft when she made that decision.

-As our faces are different, so are our life expectations.

Cocao:
The truth is that this guy is not looking to leave Nigeria or his business. He is in a contest of some sort between who earns more. Him or someone in the US and he's trying so hard to justify that he makes more. Remember he constantly asked for someone to tell him their exact savings.

He has no issue cutting off his family so he can save more, or being with a partner. It is obvious this kind of person will literally do anything for money and is threatened when his money is threatened.

He does not want to hear that anyone he knows is doing better. This fear kicked in when he saw first a lady that spent 12m, then he constantly refers to himself as poor. He is trying to compensate for what attributes he does not have using money.

Brother, money is a lot, but it is not everything. You are not in a competition with anyone. Saving 22 million a year cannot make up for some things that family and friends will bring to you. Stay on your lane and do what is best for you. But most importantly, enjoy your life with the people you love that loves you.

Cocao:


Thank you for your kind words

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!

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

Kettlecorn:
It is foolhardy to jump into these kinds of discussions on Nairaland, but what the heck, It's Sunday and I have nothing better to do right now. First, the comparisons on this thread do not make sense. The OP claims to save 22 million Naira a year in Nigeria which would probably put him in the top 0.5% of Nigerian earners in the country. Most of the comparisons here are against low wage/minimum wage earners in the US which makes absolutely no sense at all.
Second, In these types of discussions, I like to ask big picture questions. He said he saves 22 million a year and doesn't do this that and the other. FOR WHAT? Why do you need to save that much? This is where the big picture comes in. He has to save for healthcare, retirement, school fees, inflation, calamities, seed money for his business etc. The minimum wage earner you are comparing against in the US is covered for those things provided they are legal and paying taxes. They will be covered if they fall sick and earn social security or a pension in countries like Canada when they retire. Public schools, which are mostly good are paid for by their taxes. One other thing to point out in the big picture. In 2015, the Naira was 200 to the dollar. In 2021, it is exchanging for 480 to the dollar. In six years or less, your savings have devalued by more than 50%. You cannot just compare Naira savings to dollar savings in these types of discussions. A Nigerian in Nigeria is just EXISTING! People in the diaspora are actually LIVING. The difference between existing and living is this. When you exist, you do the things you need to do in order to stay alive; when you live, you do the things you want to do in order to enjoy your life. Existing is all about survival which is what people are currently doing in Nigeria. When will you get a chance to actually live in Nigeria?

komodapson:


They'll tear him into shreds

IgbohoSunday:
Bros better stay here and do ur business cos if u kidnap in the US u will be caught.

jookco:
Majority of Nigerians in America don't have 2 million naira anywhere in this world including heaven. But they make that money every month or two depending on job. The bills here is crazy and unbelievable.

I lived in New York City for 5 years and know what am talking about. Now work for myself and make good money. Money however is not everything, life in America is extremely sweet and stress free if you don't wanna kill yourself with jobs. Don't let anyone discourage you from coming to America. I was in Nigeria last year and fell in love with Abuja and Lagos but after few weeks the whole drama began to irritate me and I ran back to America.

HellVictorinho:

Life is absurd.
You keep making money just to keep making money till you die.
If you have children,they will do the same.
If you don't die,there will be too many humans.
Life is absurd.
If you are poor like me,you will have to keep living from hand to mouth till you die unless you experience a breakthrough that will make you to want to have children that will not suffer like you till you die.

pocohantas:


You have said it all.

The OP, just like many other homebased guys are steady in a dick-measuring-contest with diasporans. I would never understand why.

Stay your lane, let them stay theirs. They no kuku send you sef.

AugustusA1:
If truly you make such sum in Nigeria , pls stay right there bro. I’m in NY, I work in govt Hosp, start pay 90k. That may sound a lot but like others mention despite with that sum you may need a second job to be able to save up otherwise bro you wil just be surviving. Taxes is about 30-33% of 90k, then home mortgage is about 3k monthly. Car insurance and feeding join bro u will barely save 25k at the end of the year with a single job. Pls trust me you better off making such sum in Nigeria.

golddust6000:
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 Customer Service 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.

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 Customer Service 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!

Abiboss:

Bro how much is it to start that your business, I have 600k but I'm still saving though

knowyaself2:


The stars favor all at different times in their lives, people remain poor endlessly only when they fail to seize the opportunities offered again and again . In other words, they lack the knowledge of how the world works. And, of course, financial literacy is helpful to be able to build on the opportunities acted upon.
Everyone has lucky and unlucky days, figure it out through astrology by studying your natal chat and know when to act and when to do nothing. Acquire skills and be prepared, for opportunities must come your way.
Last year for instance, even though there was a pandemic and economic crisis, it turned out to be a blessing in disguise for some, because they seized business opportunities that the pandemic created and made millions.

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!

MrGoood:

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

Otunski:
Someone spent 15m on her mum's burial you just calculated she must have made X20 of that to have spent that Amount. What a wrong assumption! Secondly you cut of family members so u can gather 15m , you are so spinless, to say the least. Just pray nothing happens to you that would require the attention of your family members. Arrant nonsense

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.