Canada

Segxydube:


Which country please and pls i need link

It amazes me when people talk like this. You have to save to be able to buy any asset.

IAmHim1:
Saving is bullshit

Inflation is busy eating your money that you have in your account and you are happy being cheated

Bag of rice rose from 30 k to 70k

Do you think it was because rice became more ricefull or something
Or did they use gold sack to cover the rice

So what happened

The price of food stuff DID NOT GO UP...IT WAS THE VALUE OF MONEY THAT WENT DOWN

too many money in the economy makes it Chase after few goods cus Nigeria doesn't produce local goods...and now the government plan to put more money in the economy by increasing minimum wage

The few goods in the economy acts like a mop for the excess money flowing in the economy

I explained it here:

https://www.nairaland.com/8049624/wealth-series-pt-1-inflation

Your savings is in serious trouble

BUT YOU ARE STILL BUSY SAVING

LOOK For an asset you can purchase that will appreciate with the inflation rate...that's called HEDGING against inflation

If you want to make a profit from the asset, the asset must be sold past the inflation rate ...that's if you want to make profits


But sadly enough, I don't know any asset In Nigeria that one can invest in to beat inflation and STILL MAK PROFITS


Your money is losing value sitting in your account daily

fractional reserve banking + central banks creating money out of thin air

Imagine those that were saving to buy bag of cement at the end of the year...bad of cement then was #4500

NOW ITS #11000

imagine the look on their face when they discover they would have to save more to buy THE SAME BAG OF CEMENT


SAVING IS BULLSHIT

SAVING IS A SCAM




https://www.nairaland.com/8018973/secret-redpill-all-doubts-cleared#128754111


Ask questions

I work outside the country as a teacher. So far this year about $30k.

There is no issue here. He is not a US citizen, so he is not entitled to the visa free status.

juman:
Dont you see in immigration videos where american citizen was denied entry to UK.
Some others of such.

If immigration suspect your travelling to their country, they may asked you some questions and your aim coming to their country. If they are not satisfied you would be denied entry.

That is not correct. it is still visa free, you just need to apply for an ETIAS, which is valid for as long as your passport is valid or 3 years, which ever comes first.

Burob:
No more visa free entry for American passport holders in the European Union as from January 2024.

I am quite sure by now, that those privileges have been withdrawn from green card holders.

But there was Aminu Mohammed up there as one of the arrested drug couriers. I'm wondering why you only saw the igbo man. Please write intelligently next time.

Obifraud2:

Mordi Chukwuemeka Samue and other igbos in Asian prisons must be slaves to Tinubu. Because I don't understand why they keep running errands for their master despite how risky it is. Only slaves are sent on such risky missions.

Personally, i am better off than i was in Nigeria. No comparison at all. I can only speak of my own situation and situations of my personal friends. I don't even make money at all. My friend that was in the same office with me in Nigeria, who was also paid the same thing i was pain in Nigeria, now works as a manager in Amazon and makes about 20k usd a month. I think, amongst my group of friends, i make the least.

Felixamos:


First off, the op complained about his high task and I was just trying to encourage him not to feel too bad. In my words; "you're doing well".

Secondly, this is a person earning around 400k before he left to Canada so giving him some little motivation to keep him going, despite the high task is not a bad thing.

And in the area of paying task, come on na! Seriously!

And please let's not rush into arguments too emotionally. If you've been following this thread, you would see how the op was able to save a reasonable sum while working and studying. How possible is it in Nigeria?
You talk of how one could possible feed with 100naira in Nigeria.
How many Nigerians currently, can boast of having 100k naira in their accounts currently, talk more of feeding with it?
How easy is it to get that 100knaira here in Nigeria?
How many persons in Nigeria have access to a job of even 50k naira, talk more of 250k naira that you mentioned?

I Love Nigeria a lot but the truth must be said if we must grow. The op is doing way better than he could ever if he was in Nigeria! No matter how you looked at it.

You are partially right. I say partially because, yes the standards of living are very different, the value of the currency are also very different. But if i use my self as an example, after paying my rent and other bills, I can still save about 55% to 60% of my monthly net income. Meaning, in a year I can save an equivalent of about 40m. If I use your own example, it means I can almost build that 25m house twice in about a year in Nigeria, and conveniently still have a mortgage here. So when you say, I may not be living as well as those in Nigeria, I beg to differ. Cos in addition to all that, in canada roads are good, light and water is available, security is guaranteed to an extent. You can't say that about Nigeria.

Tadadobe:


It's bad when y'all make unreasonable conclusion like this. Is he spending the money in naira? Is he spending the money in Nigeria? Is he coming back to Nigeria? Is the cost of living in Canada and Nigeria the same? A #250,000 salary in Nigeria might do More in Nigeria than a $4k salary in highbrow areas in Canada. These things should be taking into consideration too. Salaried are pegged based on a country's cost of living. The cost of living in Nigeria is one of the cheapest in the world ever. You can use #25M to build a house in Nigeria, can the same money if converted to dollars buy a house in the US? You can basically feed with #100,000 can the same money feed you for a month in Canada? You people should take it easy with needles comparison. They don't even the same amount of tax in Nigeria. Ask yourself when last have you paid taxes in Nigeria?

Yes, japa, we've heard you . But there's no point making unfairly comparison as if they're spending this money in Nigeria

It is impossible to save that amaount on just your normal pay. I put that target cos I hard so much overtime a week. I worked about 90 to 100 hours a week. But I wont advise that, it a lot of work and stress.

Ajalalomo:


Even with that, you are still the man because saving roughly $60000 a year with a $16 an hour job is still unbelievable, but you were able to achieve that. You must be working a lot of hours at the job.

Anyway, you deserve my respect.

Before tax, at the moment I make $5687cad every 2 weeks on this job. That's about $11,374 a month. Somebody on this thread once said I was lying when I told him lecturers here can make up to 11k a month. He was quoting the average Canadian pay to me, and I told him, i am not one of the average. My other lecturing job pays me about $3600 monthly, because I teach there only 10 hours a week.

Felixamos:


I pray you meet your target..

About the 4k tax, omo! It's high oh! What do you make on that particular job before the tax deduction of 4k(I no too understand the screenshot attached)?

I never said i saved that. I said my target was to save 120k in 2 years. i couldn't make that target, but having that target helped me save.

mamawa123:


Please tell me how you managed to save 120k Canadian dollars in a short period of 2 years as a student in 2018 doing a security job with a pay of $16 an hour? Please I need you to lecture on this because I will like to do same.

Its fine. I always made sure i back up anything i said here with receipts. So attached is my pay stubs from the beginning of this year from my main job. And for those trying to reverse search the image, don't bother, you wont get any hit.
I'm trying to see if i can fill my weekends with some classes. Next semester my classes end by 3 pm everyday and only run till thursday. So i think i may be able to find another school to teach in. But guys, the taxes are crazy. I pay almost 4k a month in taxes from just this job.

Felixamos:


I read every single page from 1 to the last...

Allow those doubters to contunue arguing about money that's already in your account...

It warmed my heart when I read about the part where your sisters and mum got their Canadian Citizenship and now you! I'm so happy for you guys mehn!

I pray may God continue breaking you to new grounds.

I will close my comment with this:

When Linda Ikeji(a Nigerian blogger) bought her house in banana Island plus a brand new range rover some years ago, she got so many criticisms and insults from a lot of people.
When the insults and name calling seemed too much, she gave a simple reply(can't remember the exact words but it was something like):

May God continue blessing us in such a way that would make people ask "is it real?"..

That's my prayer for you, myself and everyone who could pick out one or two things from your post to motivate theirselves.

I didn't come to Canada as a student. I came here as a PR.

Ajalalomo:



This dude @atutupoyoyo2211 is a German machine in human form, and he deserves our respect. In 2018, he set himself a 2-year goal to save $120,000 by the end of November 2020.

During this period, @atutupoyoyo2211 was only making $16 an hour and attending school for his master's program, but he was able to achieve this goal despite the fact that back then, in 2018, students were only allowed to work 20 hours a week.

Please don't ask me how he does it, because I have no idea.

Just be patient, it happened to most of us. I left a job that was not to bad and came here in 2017, did warehouse jobs and security initially. It was hard, no doubt, and sometimes you wanna give up, but I was always remembered my family, and giving them have another option in another country apart from Nigeria is what I wanted. Fast forward today, i have a son, he is a Canadian citizen, and and my wife are Canadian citizens, and i am doing pretty well now financially. So just be patient and be strong willed.

There has been a lot of arguments in this thread about the positives of travelling abroad. I don't know about everyone's situation, but for my own situation, i used to make about 4.8m in Nigeria a year (not that bad), but i make about that in a month here before taxes. So i feel i am doing ok. It was not that way for me from the beginning. I worked in a warehouse, worked as a security for some years, then i took out a couple of years to get my Masters degree and things changed after that.
My advice, try and go to school here. I made that mistake initially, i didn't really consider schooling. I was making money as a security guard, but i was working a lot of hours. It is not bad for a start, but thanks to my wife, she made me to look at the big picture and made me realize what i can achieve outside being a security guard. Honestly, a good woman is everything, but you gotta be good to her too.

There has been a lot of arguments in this thread about the positives of travelling abroad. I dont know about everyone's situation, but for my own situation, i used to make about 4.8m in Nigeria a year (not that bad), but i make about that in a month here before taxes. So i feel i am doing ok. It was not that way for me from the beginning. I worked in a warehouse, worked as a security for some years, then i took out a couple of years to get my Masters degree and things changed after that.

I also know a Shell Contract staff who was making 400k in Nigeria, now making $20k cad a month. He works as a manager with AWS.

ariesbull:
Jesus

Hey guys, I just got to know that Canada now allows students to work as many hours as they want. No more just 20 hours. That's really good news for prospective students.

I was going to type another reply to this comment, but when I read through all your comments, i realized you may be going through some mental issues, I dont believe in commenting about sick people. Get well soon.

Chivisee:
Obi rodents here predicted that at the end of the gubernatorial election, Apc would have become a southwest party, all Northern state would have accepted Labour party. An average ibo person is dumb, this election just confirmed it.

Actually, he didnt. 25% of votes cast is 145,316. Tinubu scored just below that.

Wickedfacts:


Calculate the total votes cast, it's not up to 600k
From the count, Tinubu met 25%

It is the foolishness of OBIdients like you that made Obi lose the election. You are blind to what is in front of you, deaf to advice and incapable of sound reasoning.

I really wished Obi could have won this election. It doesn't seem likely the way it looks, but, you never know. I actually thought Nigerians were tired of suffering, but it seems they are not. If Tinubu wins, i truly wish he succeeds and makes Nigeria better. I am dual citizen of Nigeria and Canada so it does not really affect me, but i still have family back home. But, Obi still changed the political status quo, were youths now have a voice. He hope he builds on this and he will be an unstoppable force.

Seeing this news is so heart breaking. Myself and my family just returned from burying my father in law. We travelled from Canada to Amsterdam to dusseldorf to Istanbul to lagos to owerri back to lagos, to Amsterdam, again to Frankfurt to Canada, and no single flight issue. I am so grateful to God and I pray for families of all those who lost their lives. It's really sad cos we are no better than all those who died.

I don't support any political party, but don't be selective with information to further a particular narrative. In addition to the names you mentioned there is also the following names that were connected to various drug arrests, Olaleye Adeola, Oke Abosede Ronke, Taofeek Yusuf, Umar Hassan, Alfred Vratombo, Rabilu Sa'ad Abubakar, Muhammed Ahmed, Yusuf Ayinde. But you purposely mentioned only those of eastern extraction. I know its all politics, but if you want to relay an information, relay the full correct information.

LeoDeKing:
The drug criminals are:

But Ironically, na dem still dey social media dey accuse Tinubu of drug.

I sometimes wonder if the word "shame" exists in their brain. They are online claiming billionaires, check very well, to eat na serious problem. Burst their lies, they insist and keep telling you the exact opposite of what is crystal clear.

I repeat, does the concept "shame" exist in their brains at all?

How do you guys come up with all these nonsense. Please, not everyone living abroad, lives on credit. I don't even own a credit card anymore. Only loan i have is my student loan and i have only $5850 left. And i have a good job. I am coming back to Naija to bury my father in law, and i am spending almost 8k on flights and much more on the burial. I didn't take a single loan, or use credit or borrow from anyone. And i still have almost 4 times that in savings.

hodari:


You won't admit it, but I'm sure you went on that cruise using credit (debt). Nobody can afford anything in these developed countries without debt.

You went on a cruise but nobody wants to interact with you on the cruise because they think you're servants / waiters. Imagine living life at the bottom of society, despised, scorned and treated like trash, no matter how much money you have.

Your kids are grown up but probably act like Akatas and have no African culture again. They're probably into homosexuality, pornography (onlyfans), drugs and other degenerate behaviour accepted as normal in the West.

This is a very wrong statement. My dad has never been able to buy a new car all his life. I can buy one now if i want, i don't leave above my means, also i have no credit card bills. Only loan i am paying off is my student loans and i have $5850 left, which i can pay off now if i want. Its not any fault of his, its just the hand he was dealt in Nigeria.

gassbee:
This is d difference, with your dad's 500k he can conveniently take care of more bills than you can with ur 15k in the US or Canada

I hope you read what i wrote well. I said now, combined i teach 30 hours a week. When i start my new job, i will be teach 36 hours a week. All the other time is admin hours aka, free time.

Munamoqel:
nice you be strong Man .you slave for the money with the number of hours . The standard and healthy work week is 40 hours per week .even if you dad the Nigeria Prof work in 3 University Nussuka ,covernat and Redeemer he will earn 2million per.month if him get strength

But i don't need those things my dad had. I can buy it myself because i am paid well, that's the point. And i teach Cybersecurity. But, not withstanding. I want to work here till i am 40 and spend more time in Nigeria. I was not suffering when i left Nigeria, i used to work with Shell. But i left because of much more than money. Right now, i am a Canadian Citizen, my baby is a Canadian citizen and my wife would become a citizen by the end of this year. Canada is boring, no doubt. But you can come here, grow your finances, get better education and go back home if you want.

Munamoqel:
at 15k per month you are among the top 1 percent in Canada ! The starting salary is around 40 k . You dey teach astrophysics ? You Dad enjoyed tution free University education and propably stays in University accomodations free .plus free water , security and electricity all provided by the University community . You probably attend staff school free and you dad is allocated University car with a driver attached . This will not happen in Canada . As a Prof he will be carrying is liabilities on his shoulder .

Let me explain better. The college i work for, my starting hourly rate was $60 an hour ( Class contact hours). Our contract was reviewed a couple of months ago and the pay was reduced to $41/hour but we have no more than 20 class contact hours a week and 17.5 admin hours. That means i teach for only 20 hours and get paid for 37.5 hours a week. Marking students scripts doesn't take me time at all. The second college i work for is a private college so the pay is less. I get paid $35/hr, for 10 teaching hours. I also have 15 hours of admin time. So i teach for only 10 hours but get paid for 25 hours. All my courses are online for now, so i don't leave my house. i just got an offer from another public college to teach for only 5 hours a week at $80 an hour. So There may be an average pay, it doesn't mean everyone gets paid the average.

Munamoqel:
don't be mislead this the salaries in Canada. The average academic salary in Canada is $62,810 per year or $32.21 per hour. Entry-level positions start at $49,967 per year, while most experienced workers make up to $107,848 per year

I am a Nigerian based In Canada. I dont think Nigeria is nearing collapse. I just feel people are just tired of putting in the same amount of work and not getting anything in return. My dad is a professor in Nigeria and has been in the university for 35 years. His monthly salary is about 500k naira a month. I am a instructor at a college in Canada, joined the college January this year. I make an equivalent of almost $8k a month after taxes. This is the problem with Nigeria. Once I get my PhD, I will be earning close to $15k a month. And I am 36 years, my dad is almost 70 years. This is the reason for Japa.

These are not catholic priests. Catholic priests where only white cassocks. Every other colour is worn as a chassible during celebration of mass.
These may be clergy from other christian denominations

$8000 a month. I work as a Security guard at nights and Lecturer by day in Canada.

An agreement was also reached in 1991 by Russia, US and Ukraine, that if Ukraine gives up its Nuclear weapons, it would never be attacked. I guess that is history now.

WATCHOVER:
There is no way I would not blame NATO, an agreement was reached stopping further NATO expansion but NATO is going against the rules, that is why am Supporting Russia not that am happy for War.
Agreement is Agreement