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How Much Did You Save Before Quitting Your Salary Job For Your Own Business? - Career (4) - Nairaland

Nairaland Forum / Nairaland / General / Career / How Much Did You Save Before Quitting Your Salary Job For Your Own Business? (22790 Views)

How Much Money Should I Save Before Quitting My Job? / 9 Steps To Take Before Quitting Your Job!!! / Avoid These Phrases When You Are Quitting Your Job (2) (3) (4)

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Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by Munzy14(m): 7:47pm On Nov 28, 2022
FalseProphet1:
I started my spiritual center my Bible and a bell and today, we've successfully built a magnificent building. I see myself buying private jets and bullet proof cars very soon.

This I have seen.
grin grin grin
Eddy nnogu2 is that you?

1 Share

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by Ajiswaggs(m): 8:00pm On Nov 28, 2022
never worked for any company


but i dont joke with savings oo

and i distance myself with anything that will be chopping my money unecessarily.

1 Like

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by Natural2Heal: 8:06pm On Nov 28, 2022
grafixdon:
2011, my salary plus bonus was about 450k... I worked with the company for just 2 years. Saved about 2.6m. Renew my rent at crystal Estate, festac... Got married and wholla... I was struggling to pay my rent. Story of my life
how come? Did you lost your job after marriage? What happened?
Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by kaymart: 8:18pm On Nov 28, 2022
Eriokanmi:
I saved 1.3m in 2011 and spent all, prospecting.
Prospecting what?
Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by Eriokanmi: 8:31pm On Nov 28, 2022
kaymart:

Prospecting what?
Finding customers, preparing and submitting proposals,travelling by road and flying to remote states. Efforts started paying off after 6 months and the rest became history

5 Likes

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by GoldenJAT(m): 8:35pm On Nov 28, 2022
Eserise1:
I guess you are well paid

My brother! Read the sentence again!! Na future I de talk about! Lol

1 Like

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by GoldenJAT(m): 8:36pm On Nov 28, 2022
Munzy14:

No steal the entire company o.. cheesy
Lol! Never!! Na future person de look like this!
Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by dismann: 8:39pm On Nov 28, 2022
Sirchiboy:
.
What do you do now
I'm a mobile app developer. I work remotely sir.
Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by Emmacy001: 8:46pm On Nov 28, 2022
Bakrabas:
How much was your salary, the amount you save per month and how long you spent as a salary earner before you quit for your own business?

Let's start from you
Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by Jsucre(m): 8:51pm On Nov 28, 2022
I saved myself and ideas
Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by emmanuelbrown26: 9:00pm On Nov 28, 2022
Ddworld:


Honestly, just tendered my resignation letter after another frustraded morning and it was closed to month end. I even wrote that I am not interested in the salary and they should use it as a penalty for my immediate resignation.

Did I regret it? Yes for almost 1year nothing was forthcoming but thankfully, I have an understanding wife who became the bread winner for the whole year. I had to embrace all insults and will even smile through it to avoid see finish.

Lastly, we thank the ever faithful God. One thing happened, after like 5years, my boss came to my office for a contract without knowing I am the owner grin

The journey was rough but we thank God. It is not what I can advise anyone but you know yourself and just go for what suits you.

Best of luck
I so much love d spirit in dis ur comment

1 Like

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by grafixdon: 9:08pm On Nov 28, 2022
Natural2Heal:
how come? Did you lost your job after marriage? What happened?

Yes. I lost my job and I was forced to do job of 45k monthly just to feed my wife

1 Like

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by NWANICHODE: 9:27pm On Nov 28, 2022
Monthly salary 435k
Monthly savings 200k
Saved 3.5million
Borrowed 2.5million
Started second source of income.
Happy to have paid back the 2.5 m I borrowed within 4 months

2 Likes

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by Plugsk(m): 9:31pm On Nov 28, 2022
Never done a salary job. I pay myself
Bakrabas:
How much was your salary, the amount you save per month and how long you spent as a salary earner before you quit for your own business?
Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by Abudu2000(m): 9:55pm On Nov 28, 2022
I ran for my life. Designing structures worth millions and earning 30k, I had less than 5k in acct when I left cos I was living debt to debt but now that run my firm now and I can afford a range Rover or gwagon. But I still appreciate my old firm coz some files I got from the office system and basic skills I learnt there help sharpen my mind for the task ahead.

3 Likes

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by BiGVEEN58(m): 10:13pm On Nov 28, 2022
Dialpad:
Business is not really for everyone. Let's all understand that fact.

I left a job that paid me over $20k monthly .... relocated to Nigeria...

Was not 100% sure of what to do but I carried my stuff and left .

No single regrets ....


$20k monthly? That’s $240k annually.
Wetin you be? Abi nah cruise you Dey catch?

2 Likes

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by doneback04: 10:29pm On Nov 28, 2022
Have safe my life this year 2022, hope to safe starting from next year

2 Likes

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by clems88(m): 10:36pm On Nov 28, 2022
First salary i saved my self, second salary i japa with that month salary. grin 9ja employers are scam

1 Like

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by Gkemz: 11:47pm On Nov 28, 2022
The greatest decision I made was not to acquire certificates or securing jobs, but quitting my last paid job to pursue entrepreneurship. To God be the glory. I'm no longer answerable to any horrible and fucking boss. What I was paid for a month working from monday to Saturday is less than what I currently earn in a week.

I consider those white-collar job years as wasted years...

3 Likes

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by nkemjacob2(m): 12:16am On Nov 29, 2022
Saving in this kind of economy is not easy. Especially those minimum wage
Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by idu1(m): 12:19am On Nov 29, 2022
Just comot all die na die. How much you save when you dey there before wasting your time?
Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by Anonymoususher: 6:45am On Nov 29, 2022
I saved approximately N1,000,000 before quitting my job.

I got employed immediately after my Nysc on the 4th of January 2018 (i saved 200k during NYSC) . My salary was 47,500

Transport to work daily was a total of N200 because I used to trek some distance. Feeding used to take up N800 for the day and month end I remit N5,000 to my mom and N3,000 for NEPA bill. I used to give my girlfriend N2,000 grin

That was my earning and I didn't have any other source of income at all....

After 6months my pay was increased to N51,500 but luckily I was selected for N-Power teach which I combined with my job.

I was shoveling between my job and the N-power teach. I forgot to say that my job was also a teaching job and God blessed me with an understanding supervisor who understood that I needed another source of income. So the Npower school made a suitable time table for me and also my school supervisor made life easy for me.

When Npower 30k started coming, I just allowed the money to be flowing in without touching it, this happened consistently for 6months.

After about 1yr in my job (not Npower), in 2019 my pay was increased to N59,500 and a month later to N61,500.

With the increase, I still maintained my spending culture even though the economy was tight. I maintained my lifestyle around the first salary of 47,500 (I was saving just 7k then). I remember I didnt buy any new cloth or phone even though they were terribly bad. My beard was making me spend too much I had to remove it and went clean shaved, I even removed my punk grin

So with N-Power 30k and the salary increment for 1yr and 6months I consistently saved 50k (30k from Npower, 20k from my salary).

There were occasions where I touched the savings to meet a need or solve a problem but the bottom line is that.

After everything I had roughly N1,000,000 saved because I resigned from my job in May 2020 after working with them for 2yrs and Npower stopped paying me in January 2020 when they came for inspection but didn't find me.

Luckily for me, my mum made do with what I could afford to drop in the house, she was making up with her little trade. my girlfriend is an understanding partner and never bothered me for anything even though I was the one disturbing myself to give her (we go still marry sha grin ), I could have saved more but church wahala and their unending request for seed sowing kept pushing me to my purse until I angrily stopped giving anything to church. Even tithe I stopped paying and stepped down from my position as a leader in church. Infact I comot for workforce.

I resigned officially may 2020 during coronavirus lockdown and went into business with what I saved.

I started with POS, I was making some change sha, my girlfriend was helping me to run it while I also went to Alaba international market to hustle. With the money I was getting from street and money from POS, I bought a car for uber/bolt rentals in 2021 and that became my third source of income and that was when I could afford a place for myself, rented a single room self contain and moved out of mama's house.

Now I own two plots of lands and a second car still for rentals (I still dey jump danfo) but my POS business is down since my girlfriend left for school everyone I employed to manage it for me have been making one terrible mistake or the other. They didn't steal but were careless. Even my brother couldn't run it like she did.

16 Likes 5 Shares

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by MoneyMustBMade: 6:58am On Nov 29, 2022
Anonymoususher:
I saved approximately N1,000,000 before quitting my job.

I got employed immediately after my Nysc on the 4th of January 2018 (i saved 200k during NYSC) . My salary was 47,500

Transport to work daily was a total of N200 because I used to trek some distance. Feeding used to take up N800 for the day and month end I remit N5,000 to my mom and N3,000 for NEPA bill. I used to give my girlfriend N2,000 grin

That was my earning and I didn't have any other source of income at all....

After 6months my pay was increased to N51,500 but luckily I was selected for N-Power teach which I combined with my job.

I was shoveling between my job and the N-power teach. I forgot to say that my job was also a teaching job and God blessed me with an understanding supervisor who understood that I needed another source of income. So the Npower school made a suitable time table for me and also my school supervisor made life easy for me.

When Npower 30k started coming, I just allowed the money to be flowing in without touching it, this happened consistently for 6months.

After about 1yr in my job (not Npower), in 2019 my pay was increased to N59,500 and a month later to N61,500.

With the increase, I still maintained my spending culture even though the economy was tight. I maintained my lifestyle around the first salary of 47,500 (I was saving just 7k then). I remember I didnt buy any new cloth or phone even though they were terribly bad. My beard was making me spend too much I had to remove it and went clean shaved, I even removed my punk grin

So with N-Power 30k and the salary increment for 1yr and 6months I consistently saved 50k (30k from Npower, 20k from my salary).

There were occasions where I touched the savings to meet a need or solve a problem but the bottom line is that.

After everything I had roughly N1,000,000 saved because I resigned from my job in May 2020 after working with them for 2yrs and Npower stopped paying me in January 2020 when they came for inspection but didn't find me.

Luckily for me, my mum made do with what I could afford to drop in the house, she was making up with her little trade. my girlfriend is an understanding partner and never bothered me for anything even though I was the one disturbing myself to give her (we go still marry sha grin ), I could have saved more but church wahala and their unending request for seed sowing kept pushing me to my purse until I angrily stopped giving anything to church. Even tithe I stopped paying and stepped down from my position as a leader in church. Infact I comot for workforce.

I resigned officially may 2020 during coronavirus lockdown and went into business with what I saved.

I started with POS, I was making some change sha, my girlfriend was helping me to run it while I also went to Alaba international market to hustle. With the money I was getting from street and money from POS, I bought a car for uber/bolt rentals in 2021 and that became my third source of income and that was when I could afford a place for myself, rented a single room self contain and moved out of mama's house.

Now I own two plots of lands and a second car still for rentals (I still dey jump danfo) but my POS business is down since my girlfriend left for school everyone I employed to manage it for me have been making one terrible mistake or the other. They didn't steal but were careless. Even my brother couldn't run it like she did.



Some women are good but some do change after marriage.. keep it up

4 Likes

Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by Anonymoususher: 7:06am On Nov 29, 2022
MoneyMustBMade:


Some women are good but some do change after marriage.. keep it up

Yes, she is my backbone (after God o) and I don't see her changing.

We have grown together since 2018 we are good.
Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by MoneyMustBMade: 7:24am On Nov 29, 2022
Anonymoususher:


Yes, she is my backbone (after God o) and I don't see her changing.

We have grown together since 2018 we are good.

Heavenly father will see you through.. jisike
Re: How Much Did You Save Before Quitting Your Salary Job For Your Own Business? by ruzell86: 8:01am On Nov 29, 2022
Anonymoususher:
I saved approximately N1,000,000 before quitting my job.

I got employed immediately after my Nysc on the 4th of January 2018 (i saved 200k during NYSC) . My salary was 47,500

Transport to work daily was a total of N200 because I used to trek some distance. Feeding used to take up N800 for the day and month end I remit N5,000 to my mom and N3,000 for NEPA bill. I used to give my girlfriend N2,000 grin

That was my earning and I didn't have any other source of income at all....

After 6months my pay was increased to N51,500 but luckily I was selected for N-Power teach which I combined with my job.

I was shoveling between my job and the N-power teach. I forgot to say that my job was also a teaching job and God blessed me with an understanding supervisor who understood that I needed another source of income. So the Npower school made a suitable time table for me and also my school supervisor made life easy for me.

When Npower 30k started coming, I just allowed the money to be flowing in without touching it, this happened consistently for 6months.

After about 1yr in my job (not Npower), in 2019 my pay was increased to N59,500 and a month later to N61,500.

With the increase, I still maintained my spending culture even though the economy was tight. I maintained my lifestyle around the first salary of 47,500 (I was saving just 7k then). I remember I didnt buy any new cloth or phone even though they were terribly bad. My beard was making me spend too much I had to remove it and went clean shaved, I even removed my punk grin

So with N-Power 30k and the salary increment for 1yr and 6months I consistently saved 50k (30k from Npower, 20k from my salary).

There were occasions where I touched the savings to meet a need or solve a problem but the bottom line is that.

After everything I had roughly N1,000,000 saved because I resigned from my job in May 2020 after working with them for 2yrs and Npower stopped paying me in January 2020 when they came for inspection but didn't find me.

Luckily for me, my mum made do with what I could afford to drop in the house, she was making up with her little trade. my girlfriend is an understanding partner and never bothered me for anything even though I was the one disturbing myself to give her (we go still marry sha grin ), I could have saved more but church wahala and their unending request for seed sowing kept pushing me to my purse until I angrily stopped giving anything to church. Even tithe I stopped paying and stepped down from my position as a leader in church. Infact I comot for workforce.

I resigned officially may 2020 during coronavirus lockdown and went into business with what I saved.

I started with POS, I was making some change sha, my girlfriend was helping me to run it while I also went to Alaba international market to hustle. With the money I was getting from street and money from POS, I bought a car for uber/bolt rentals in 2021 and that became my third source of income and that was when I could afford a place for myself, rented a single room self contain and moved out of mama's house.

Now I own two plots of lands and a second car still for rentals (I still dey jump danfo) but my POS business is down since my girlfriend left for school everyone I employed to manage it for me have been making one terrible mistake or the other. They didn't steal but were careless. Even my brother couldn't run it like she did.


God bless you more. Please start tithing next year, just try.
I don't tithe too, but that's one of the goals for next year for the blessings eyes can't see.

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