Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,154,119 members, 7,821,835 topics. Date: Wednesday, 08 May 2024 at 07:51 PM |
Nairaland Forum / Nairaland / General / Career / With My 450k Salary Am Not Still At Ease. (45548 Views)
Boost Ur Career Wit This Business & Earn At Ease / Nigerian Public Service Salary Structures? / 4 Secret Ways To Survive In Lagos With A Small Salary (2) (3) (4)
(1) (2) (3) ... (8) (9) (10) (11) (12) (Reply) (Go Down)
Re: With My 450k Salary Am Not Still At Ease. by Smartguyboy(m): 11:53am On Jul 09, 2023 |
pacesetting:Time |
Re: With My 450k Salary Am Not Still At Ease. by Sharpsharp00123: 12:28pm On Jul 09, 2023 |
cremedelacreme:nigerian people even if someone tell u he earns 10 million per day u people will still say it’s not enough I pity those who take u serious |
Re: With My 450k Salary Am Not Still At Ease. by maasoap(m): 1:11pm On Jul 09, 2023 |
alizma: You so much focused on what others are saying and not saying to the extent that you forgot to address what Op posted. See your hypocrisy right there! Are you now telling me that no one addressed the Op concern up till the moment you dropped your own useless comment? 1 Like |
Re: With My 450k Salary Am Not Still At Ease. by maasoap(m): 1:20pm On Jul 09, 2023 |
lokoventurex1: In other words, you meant to say that some expenses are eating away your income? If that's the case, you need to sit down redraw your financial plan. As much worse as Nigerian economy and naira is, you shouldn't be saving nothing less than 100k per month. You just have to sacrifice today for better living condition tomorrow. You just have to look to when you were earning far less and others who are still earning far less today. Anyone doing private business in Nigeria today or earning fat salary should make saving and investments top priority. And that comes with great sacrifice. 3 Likes |
Re: With My 450k Salary Am Not Still At Ease. by lokoventurex1(m): 1:42pm On Jul 09, 2023 |
maasoap:Thank you so much for your advice. I was saving more than 100k before marriage. I still save even with marriage. My wife was based in Edo State before marriage, she has not brought her business to Lagos and this is affecting our only source of income which is me. There has never been a month I don't save but the savings still goes back to one responsibility or the other. I will be collecting a 500k contribution this month but it's going to house rent (including agreement and commission). In all honesty, I can feed my self and wife well and even extend to my mother every month, but that only source of income is not a biggie is my point. I even opened another kiosk for my POS business, but have been very unlucky with a good attendant. I had to close that and focus majorly on this one God is helping me. But the saving mentality is sure and real, I save everyday. Maybe when my wife start her business in Lagos, I will be able to do something capital intensive. |
Re: With My 450k Salary Am Not Still At Ease. by lokoventurex1(m): 1:57pm On Jul 09, 2023 |
NuCypher:I am interested to pick up a skill in tech, but can't really leave my POS business because that's the only source of income. What advise do you've for me? I understand there are different parts of tech such as Data Analytics, product management, software development and so on.. I've background in accountancy and finance but never really used it. How can I do it? Which of the parts of tech I mentioned would you advise me to face? How will I do it that it won't stop my POS business? I will appreciate your take .... |
Re: With My 450k Salary Am Not Still At Ease. by adedayo77: 2:01pm On Jul 09, 2023 |
Also interested. Drop your number let's discuss [ quote author=Olumaeme post=124298107]Yes you need a skill to earn side income. And it will be quite easy for you to scale because you have a sure 450k coming at the end of the month and you can take risk. I earn around the same amount and I do e-commerce and social media marketing on the side banking around $1k a month combined. [/quote] |
Re: With My 450k Salary Am Not Still At Ease. by achimendy(m): 2:57pm On Jul 09, 2023 |
Intergrated: It's a good idea, you're really proactive, and that's good. I'll strongly advise you go learn satellite installation (DStv, star times etc. )or solar installation , or even both. Thank you. 2 Likes |
Re: With My 450k Salary Am Not Still At Ease. by ChybuzzDD(m): 3:01pm On Jul 09, 2023 |
Freshtruth: Na so una dey always talk 1 Like |
Re: With My 450k Salary Am Not Still At Ease. by achimendy(m): 3:04pm On Jul 09, 2023 |
atobs4real: Did he tell you his ways has problem? |
Re: With My 450k Salary Am Not Still At Ease. by Holav(m): 3:44pm On Jul 09, 2023 |
😂😂 abobote: |
Re: With My 450k Salary Am Not Still At Ease. by damosky12(m): 3:58pm On Jul 09, 2023 |
GorillaApp: I get that. But then, in this Nigeria, no one pays 450k for a job that doesn't have a really sellable skill. That skill that he sells to his current employer can bail him out anytime o. Except the skill is going out of fashion (and that's not the issue here). 2 Likes |
Re: With My 450k Salary Am Not Still At Ease. by Samakus(m): 5:12pm On Jul 09, 2023 |
highchief1: Nothing good comes easy. That's why I said that there must be an intensive learning first. Where there's a will, capital and time, there's a way |
Re: With My 450k Salary Am Not Still At Ease. by 77up(m): 5:31pm On Jul 09, 2023 |
Save up and invest in real estate, buy land and use it to farm, I mean in large scale , do this for like 3 to 5 years and sell your land double or triple amount. 1 Like 1 Share |
Re: With My 450k Salary Am Not Still At Ease. by PeggySandas(f): 6:05pm On Jul 09, 2023 |
GeneralPula: Is it PS4 or PS3? does people play it much these day? And how do you charge them for each game? Sorry it my questions are getting too much. Nice one. I'm ìmpressed, I love it when young people like myself work and smart. God bless your hand work.🙏 1 Like |
Re: With My 450k Salary Am Not Still At Ease. by PeggySandas(f): 6:05pm On Jul 09, 2023 |
Re: With My 450k Salary Am Not Still At Ease. by GeneralPula: 6:16pm On Jul 09, 2023 |
PeggySandas:🙏. Thanks.. It’s Ps4 with 10 different games! Including FIFA, PES, Mortal Combat, Call of duty, Car race, etc.. For FIFA & PES, 6mins is #200. If you play 3 on a roll, it’s #500. So most of them always play that 3 on a roll .. The rest are being charged based on how much time you spent cuz, for example, mortal combat is a game that requires much time before you’ll reach the final stage to right the BOSS.. Are you planning on running the Biz? 1 Like |
Re: With My 450k Salary Am Not Still At Ease. by gassbee: 6:18pm On Jul 09, 2023 |
ahmedio:dats is jus d problems with some Nigerians, their lifestyles , they want to stay in expensive accomodation, want to drive big cars, send their kids to expensive schools way beyond their reach |
Re: With My 450k Salary Am Not Still At Ease. by GorillaApp(m): 6:24pm On Jul 09, 2023 |
damosky12:My bro, I have folks who work in banks and earn between 350k to 500k. Are you saying was they re dropped they immediately transit to another job? This man is looking for a back up skill |
Re: With My 450k Salary Am Not Still At Ease. by PeggySandas(f): 6:29pm On Jul 09, 2023 |
GeneralPula: Yes, I have plan to run it. How much should I budget for the barbing and PS stuff? |
Re: With My 450k Salary Am Not Still At Ease. by Bluearrow: 6:31pm On Jul 09, 2023 |
Freshtruth:1.8m to be earning 3m every month? Lol You are just making mouth... |
Re: With My 450k Salary Am Not Still At Ease. by GeneralPula: 6:45pm On Jul 09, 2023 |
PeggySandas:Budget for saloon depends on: Location that will decide cost of shop rent.. Things you plan to put into the shop.. Play station depends on if you’re buying new or UK used. I bought mine new and back then, it was sold for 125k. It usually comes with a single Pad. I don’t know how much they’re selling Ps4 now but you can check on Jiji to have a clue.. Just budget 1m, including rent. It could be less or more than. You don’t also have to start too big. When I started with my first shop, I started low. Then Behind it up after we’ve started remitting customers. It was the shop the coughed out the money I used to do the tushing. I been into this going to 3years now and you know things have changed since then! The present market value also matters! 1 Like |
Re: With My 450k Salary Am Not Still At Ease. by EmmymTr(m): 6:56pm On Jul 09, 2023 |
You can Start Buying Properties Paying Monthly and It will help you in the future no matter the skill you will learn now First invest somewhere that you will cash back later even your children also. call or chat me +2348130478003
|
Re: With My 450k Salary Am Not Still At Ease. by PeggySandas(f): 7:37pm On Jul 09, 2023 |
GeneralPula: You've been very helpful. I'm not a professional barber yet, but I know basic stuffs about barbing through YouTube and IG. I sometimes barb my neighbors kids and for the past 6 months I've been barbing my own hair myself. How long do you think it will take to be a good barber and how much will it cost me to be an apprentice to learn barbing professionally? 2 Likes |
Re: With My 450k Salary Am Not Still At Ease. by Bluearrow: 7:45pm On Jul 09, 2023 |
lokoventurex1:My brother, don't bother explaining yourself It is not easy to save as a family man oh, unless the income is huge. Too many responsibilities with family that one must collect that savings from u. At times u will even be happy u have savings to sort it. There is a huge difference between a bachelor life & family life. The responsibilities that come with a family is enormous & must weigh down your source of income 1 Like |
Re: With My 450k Salary Am Not Still At Ease. by Fantasytoch: 8:00pm On Jul 09, 2023 |
Female Lawyer Needed For Urgent Recruitment 🩸Vacancy Vacancy Vacancy🩸 An experienced female Lawyer with 3 to 5 years work experience is needed for employment. Location: Abuja Send CV to fantasytoch2000@gmail.com |
Re: With My 450k Salary Am Not Still At Ease. by SSpeter(m): 1:50pm On Jul 10, 2023 |
004gist:I am a financial analyst, and as an authority in finance, I will tell you that building a house is the laziest form of Investment. With your 60million as at today, you will not be able to tasteful furnish 6 semi detached block of flats on a single storey building. That is excluding the cost of land. Now let me enlighten you again, getting your rent may also come with litigation because there Will be risk of default in rent. There are risks everywhere. But if someone gives you 60million today and your thought is to build a house with it to collect rent, then you are not smart. Rent is a passive income and the big boys in the real estate sector don't build to rent, you build to sell. Let me not bore you much have a nice day |
Re: With My 450k Salary Am Not Still At Ease. by 004gist: 2:37pm On Jul 10, 2023 |
SSpeter: I will like to see the book you have authored and also where did you school your teacher must have done a poor job by making you believe that owning a house is a liability. if this is all you could put up there in defence that house is a liability then I will say I doubt if you studied any course related finance let alone being financial analyst. investing in a house, lands remains one of the safest form of investment that appreciate over time. we have seen stocks fail, we have seen businesses crumbled due to bad economic policies or upward or downward movement of an economics cycle (business cycle) but houses, land remain will remain strong in value and its even regarded as one of the first three factors of production in economics... if you ever taken any courses in economics. most successful businesses you see today even banks are finance through debt financing.. even the dangote refinery. that you get a 6% annual profit from an investment of 60m with 99.9% security is no bad thing... for an example if you could own a house in a student dominated area like in owerri you could rent a self con with 200k to 250k and a 2 storey building can give you 24 rooms and you could walk home with 5 to 6m yearly.. excluding other minor fees like that could run into million. As for the handling you get a sound law firm to handle everything for you. I know youth of today are so lazy and want to make quick money. there is a thread I opened up few weeks ago about a land I want to sell... its price is 7m but just two years ago I got it for less than 4m and there are many at my disposal like that. Please don't look at things with a bet9ja reasoning... life is slow and steady else you crash out. even there was a time i had this same reasoning of urs when I was awarded some millions by Goodluck Jonathan regime and use all funds into my business without following strict instructions to get a land first. where is the business today.. it grew up and fail at some point... in case you don't know.. about 60 to 70 percent of startup fails in Nigeria due to government poor policies... business that easily thrive are those that have difficulty entry point. there is a man in my street... he detailed me on how he went to China to buy machinery to print wedding cards of some sort. expensive machines worth millions and he started production to the point that he work day and night. that is he employed workers for day time and another for night shift just to meet demand. then all of a Sudden some people went to China to meet this Chinese to get them the cards produced in China and import it directly to Nigeria and at the end it was cheaper to import from China than produced in Nigeria. The business failed and he sold all the machines at give away price... I mean as scrap cos no one will buy it. used the money to complete the house he started. why do you think dangote use government means to ensure that competition, ban on importation of goods he produces are strictly banned? the Nigeria you see ur self today is not easy to go into production. all my friends that got 10m in 2011 to open pure water factory are almost out of Business. any business that has competitors making profit is not really easy 2 Likes |
Re: With My 450k Salary Am Not Still At Ease. by SSpeter(m): 2:59pm On Jul 10, 2023 |
004gist:You are still not getting the point, Firstly I started my career in banking, switched to PWC, left there for P&G, and then Airtel before leaving Nigeria for consulting. I have my MBA in Finance and I have passed both the CFA level I &II, I am a chartered accountant (both ACA and ACCA). If you have 60million and your thought is to build a house and start getting rent...you are still not smart 😞 |
Re: With My 450k Salary Am Not Still At Ease. by 004gist: 3:06pm On Jul 10, 2023 |
SSpeter:oh you have JAPA? Why didn't you start a line of business in Nigeria while take the easy way out 1 Like |
(1) (2) (3) ... (8) (9) (10) (11) (12) (Reply)
From N10,000 Salary To Millionaire Pay: My Grace Filled Career Journey So Far. / Side Income For An 8-To-6 Job Worker? / Are Second Class Lower Graduates Still Relevant In Our Society?
(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 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 93 |