aboyaji:


Please, my advice is don't overdo. Don't try to bear all the family problems else you'll be undervalued in the long-run. It's the same in every family. I'm a victim.

As you're carrying everyone along, remain ahead by far. Don't stop developing yourself at the expense of others.

lokoventurex1:

God bless you sir. I don't mean to diss anyone. 450k salary is not really a biggie. When I lost my job in access bank in 2017, I was earning 90k salary and saw people earning 300k salary and above as big men(maybe they were in 2017).

Fast forward to 2020 immediately after Covid19, I had my breakthrough and started making more than 300k profit from my POS business every month. I've not made less than 260k since then, and am still not okay at all. I'm always afraid just like the OP.

There were months I made more than 400k sef( plenty times) and still have not done many things maybe except my moderate marriage that took 1.7M last year.

I understand the OP very well. If you're not making the money, it looks a big deal, when you start making it, you'll realise you need more stream of income.

I'm also looking out for skill to horn while am doing my POS business sideways and wouldn't mind if anyone can share.

OP, I understand your plight very well. The rate at which Naira has deteriorated is not helping matters too.

lionphil:



Buy a car, driving is a skill. Drive for uber and bolt

cremedelacreme:
Those saying 450K is more than enough to buy a land and start building do not really understand how expensive things are in Nigeria today. I earn slightly above what the OP mentioned, but believe you me, it's not been easy. If you live in Lagos, Abuja or PH and you are married with kids, you will understand. A 2 bedroom flat in an average neighborhood is over 700K. Cost of fuel and car maintenance is over 60/70K monthly in recent times. School fees for 2/3 children is over 200K per term (600/800K annually). Feeding takes over 100K monthly. Utilities and other miscellaneous dey ooo. Best thing na just to save enough and japa.

Natural2Heal:
What do you mean you have no skills? Do you think your employer paying you 450k salary is a Father Christmas? Your job description in the company is a skill.

OZIOGU1:


I can relate, i stay in Abj, 4kids, with avarage SF of 100k per child, and my earning is way above that of OP, But believe me, sometimes i go broke, the only thing i save is the 150k monthly contribution i engaged in, so many people believe big salary is equals big saving, but i can tell you is a big fat lie.

Intergrated:
Greetings all.

I work in a company and my take home is 450k after tax. My problem is I have been thinking of a skill to learn as this job would not last forever. Aside this job I do not have a skill and as a man I feel one should have a long lasting skill. Please any suggestions would be welcomed aside from online skills. Thank you .

Intergrated:
Greetings all.

I work in a company and my take home is 450k after tax. My problem is I have been thinking of a skill to learn as this job would not last forever. Aside this job I do not have a skill and as a man I feel one should have a long lasting skill. Please any suggestions would be welcomed aside from online skills. Thank you .

FairlyUSEDpussy:


LoL.......
At least u still manage to save 150k monthly right??

Since big money ain't big saving........so what do you have to say bout low salary earner but still have saving??

HoneySwag:

Are you okay or you don't know how to read? Didn't you see where I typed that some persons earn more than that?

DarkChocolate2:


Please I am interested in the mentorship, please kindly share your contact info.
Thanks

OZIOGU1:



Trust me, u see that 150k, na with strong mind, do you know that many of my colleagues who earns more than me cant save? I do quick credit from Gt bank to ease some stress, my Dad is there at 90yrs, constant hospital bills coming, my dear Nigeria currency is nothing, the Naira is depreciating every day.

PeggySandas:


You're a good business man. Does those other 3 shops have Playstation too?

cremedelacreme:
Those saying 450K is more than enough to buy a land and start building do not really understand how expensive things are in Nigeria today. I earn slightly above what the OP mentioned, but believe you me, it's not been easy. If you live in Lagos, Abuja or PH and you are married with kids, you will understand. A 2 bedroom flat in an average neighborhood is over 700K. Cost of fuel and car maintenance is over 60/70K monthly in recent times. School fees for 2/3 children is over 200K per term (600/800K annually). Feeding takes over 100K monthly. Utilities and other miscellaneous dey ooo. Best thing na just to save enough and japa.

NuCypher:

You are right to think this way. Don't let anybody discourge you from this line of thinking. When I was in Nigeria, I was earning an average of 2.5m per month, but I had the same problem as you. The job offered no long-lasting skill. You should be worried if any job you are doing is offering you no long-lasting skill, regardless of the amount you are making. Pick up a skill in tech. There is no shortage there: cybersecurity, data analytics, software development, etc. Gain yourself something that will last a lifetime. At this stage of your thinking, you are already on the way there.

Samakus:


Auto Spare Parts is a capital intensive business. I do not think that this amount is good enough unless you want to take a long time before stabilising.

Need I include that that line of business requires expertise. If you want to venture into it, learn the trade for atleast 1 year. Very important

aboyaji:


I do not have a grounded knowledge about car parts. The only thing you can do is get dirty.

What I mean is you need to get involved in the spare parts business right in the market and join what other guys are doing there by identifying with some Ogas as a hustler. Don't go at this age to start learning the trade. No!

Just go and become a hustler in the market. Like someone who gets a customer and get his own share when the customer buys an item. Just tell customers that you have everything.

Fromhome:
Without skill, you can't run a business successfully. eh Financial skill, Managerial skill, interpersonal skills, customer relationship skills.

SSpeter:
this is not true how can 450*4 set you up for life?? Share your plans abeg

Sirmuel1:
450k is huge, especially in this country.

My advice is for you to learn how to save.

Cut down your expenses, don’t spend recklessly, don’t compete with co-workers and don’t try to impress anybody (including women).

Rent an affordable apartment, start up a business.

(Don’t start building any house immediately, because it’s a liability). It will only tie your wealth in one spot.

Imagine building a house with 30-50m in Lagos, only to get at least 2m yearly as a rent. How long will it take to get back the capital

A House is a long term investment + retirement plan.

Start a business first!

cremedelacreme:
Those saying 450K is more than enough to buy a land and start building do not really understand how expensive things are in Nigeria today. I earn slightly above what the OP mentioned, but believe you me, it's not been easy. If you live in Lagos, Abuja or PH and you are married with kids, you will understand. A 2 bedroom flat in an average neighborhood is over 700K. Cost of fuel and car maintenance is over 60/70K monthly in recent times. School fees for 2/3 children is over 200K per term (600/800K annually). Feeding takes over 100K monthly. Utilities and other miscellaneous dey ooo. Best thing na just to save enough and japa.

Intergrated:

Thanks for this wonderful input. But before I got this job I have tried many businesses. Business in Nigeria Is something else. At times you would feel your village people are following you . The way prices changes in a sec in Nigeria Is another thing .

InvertedHammer:

/
Go back and read the original post.

I can't help your lack of comprehension.

OP earns N450k/month with no skills by his admission. So what's your take on that? Who cares about those making N450k or more pay month. The difference is that they have the requisite skills.

/

Olumaeme:
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.