₦airaland Forum

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WIZGUY69:
That's not what I am saying
When people are talking about income and standards of living in Nigeria or any other country of the world, use the local currency as the S.I units in the standard of living. This is me advising you in case of next time.

So in all the epistle I wrote, all you understand is that he is broke by American standards?

Angelfrost:
You lost your the argument when you compared two nations with different economies and GDP.

This is the problem with most of you so called high thinkers... You overthink to the point of depression.

I earn in Dollars as a writer in Nigeria. That makes me wealthier than someone earning the same Dollars based abroad. Why would you compare an American living in America with a Nigerian living in Nigerian?!!

Do you know the debt burden of the average American?!! Do you know most Americans pay debts till retirement, while their counterparts in Nigeria earning equivalent amount (emphasis on equivalent) live debt free, and even save far more before retirement!

Most seriously working and hustling Nigerians live more comfortably than they can imagine or truly realize.

Well, keep up your money pursuits till you get to that subjective wealth you desire... Please, allow those who feel they are rich within an income you consider average be!

Thank you.

Nice argument partly valid and partly invalid because Nigeria's economy is import dependent. Everything you use in Nigeria is imported, from your bone straight hair to your UK bra, even the sanitary pads and cd's are all imported. So the value of the currency you're using to import matters.

If Nigeria isn't import dependent, nobody will talk about dollar rate but now. It's highly necessary.
Pure water in 2014 was #5. Dollar was #160
Pure water today is #20. Dollar is #600

So once again, dollar price is highly important.

WIZGUY69:
[s][/s]

I have been reading enough nonsense from page 1. Among all the stupid opinions, yours crowns it all. Tf Do we earn in $$ in Nigeria? Or does your sister spend in naira over there?

Ps: 500k is not rich but everyone is a trillionare on social media.

You obviously don't know anything. Even the pure water you drink has moved from #5 each to #20 each all because of the naira devaluation and you're talking bs.

wirinet:
Save 3m ke? On a 6m per annum salary? I have friends earning over 12m per year and they can't save zilch. When you have 1 kid in secondary school, 2 kids in a private university and you live in lekki, how will you save?

I said let me indulge them na, in their mind, they'll spend 50k monthly and save 4m+ because they won't spend much

Slynation:
Offcourse there must be fluctuations in dollar rates, but that is left for the countries government to stabilize the economy with substantial policies...But my main point still remains looking at the condition of Nigeria, you will surely place tho earning 500K among the richer class...!!

Then with an annual rate of #6m, such person ought to have the financial capabilities to diversify his income unless he lacks ideas...

Lemme give you an idea, I already have plans to invest in human capital to sponsor atleast one person with footballing talents to the highest level, thoughts like this will create streams of indirect wealth without you breaking your bank, that's just one...#Keep it secret tho...

I earn 1m+ monthly. I am not rich. I know what I'm saying. 1m is average in today's Nigeria.
U guys keep saying diversify the portfolio but nobody is saying anything.
Sponsoring someone to the highest level, with how much? Say u earn 6m, accomodation, 1m, feeding, transport etc 1m, with 4m tell me how you'll sponsor someone to the highest levels . Ask the guy who made this post if he has 4m in savings so you'll know that u can't even save 4m with a salary of 6m unless you live exactly like someone who earns 50k. The exact same way. Live in face me I slap you, eat in the cheapest bukka, buy 2nd hand clothes, jump bus and trek to work. Anything outside this sort of lifestyle, you can't even save 3m.

wirinet:
Banana Island Ke? Your 500k per month will barely pay your service charge for 3 months. I am not talking of tent yet.

, if you try to educate people, they'll call u proud and say you're showing off. If you keep quiet, you'll see how they're displaying ignorance. The best is to ignore some people

Angelfrost:
Oga, ask around abeg!

Let's not argue!

Half a million even in today's inflation and pathetic Naira is not change. It is HUGE!

Y'all need to keep your heads down and stay in the moment! If 500k is too small for any Nigerian living in modest locations in Nigeria, then that person has serious problems.

I'm not arguing, I asked a simple question. Invest in what?

Angelfrost:
There are guys earning slightly less than that who save, invest, and top that in less than a year.

Half a million is huge sir! Go ask around!

Invest in what please? Hope u know fixed deposit in Nigeria is less than 5% annually and the dollar inflation rate is about 30-40% annually

Jeezuzpick:
I earn about that and, seriously, it's not fabulous, especially with the value of the ₦aira.

Plus, we all know how it is with family, and if you got a project taking your cash, which I do.

Not rich, fam.

Thank you, the money sounds big until u earn it. If responsibility chook hand inside, lobatan

Slynation:
other countries import in dollar as well..

Nigeria runs an import based economy, china imports but china is highly self sufficient as well. Any increase in dollar affects everything in Nigeria so the exchange rate is highly important.

Augustwife:
sent

I replied

SlyfoxxjReturns:
It’s not average oga get your facts right. With a 500k monthly income, you are easily in the top 5% of salary earners in Nigeria.

Does that make you rich? I guess not but that’s another testament to how bad things are in this country that 500k puts you in the “elite” bracket.

Remember a world bank statistics that 89% are in extreme poverty in Nigeria?
Remember CBN said 90+% don't have up to 500k in their account?

Slynation:
we don't spend dollar in Nigeria...what we have here is naira, so lets talk naira...!!

But we import everything here with dollar

phemmyfour:
When you get married and started buying cerelac/daipers or paying school fees every 3months, you LL know that what you have there is a peanut.

Your friend is only taking advantage of you, stop running errand for him with your money even though you can afford it. He's earning in dollars over there. At least, let him pay for service once in a while

Asin ehn

UyaiIncomparabl:
500k Isn't rich, please. Especially if you have a lot of responsibilities/mouths to feed.

Na average salary. Start earning it and you'll know how far.

Others are just being sentimental, 500k is $830 salary monthly. My sister earned $1,200 as a nanny for a special needs child with only waec back in the days in the USA and someone said 500k is rich. This just goes to show that people are living in squalor in this country.

500k is average. I earn 1m+ monthly and I don't see myself as rich at all, I still have a long way to go. Plot of land is in millions, good cars are expensive. I refuse to buy a car older than 7yrs, that's 2015, check the price. I had to upgrade my apartment after hoodlums broke into my former apartment cus I stopped "dropping something", I lost over 2m worth of property in that raid cus I wanted to live in an apartment below 1m, now my first priority is security and a sane neighborhood, rent is now well above 2m.
Building a house? Plot of land in bariga is around 10m+/- 10% currently, I won't go to live with snakes and scorpions or subject myself to a life of 6hrs daily traffic cus I want to build my house on a land of 1-2m.

Rich starts from at least 2-3m. Anything lower is average.

Israeldan1:
Becus I day collect 500 k for Nigeria no mean say mk I no save, invest and work more

Who the hell said I'm not rich with 500k

Ordinary 200k some people day open Investment with
Not to talk of my monthly earning

Tf can't even Finnsh my money cus b4 5 month will get a portable car b4 1 year sef I don day build huz for my villa will invest on so many business
like i have started...

Lol, do u know how much it costs to do foundation? Unless you're building a bungalow, on an average soil, 4m can't do a good foundation.
You're earning 6m, will u not rent a good apartment? I'm assuming the company paying such will be on the island, won't u live close to work? Or you'll spend your life in traffic?
A selfcon on the island is 800k upwards. Buying a car? 2008 Corolla is about 3m. How much remain for the 6m?

Augustwife:
I had to open a new moniker so I can rant in peace. My head is full, so it's going to be a long post .

I got married to the love of my life 2017 (we started dating 2009) and we have two wonderful children.
He loves me (I know for sure), doesn't cheat too and my in-laws are the most wonderful people on earth ( my mil especially).

We have a joint business but the bad part :he is addicted to alcohol.

He wasn't like this before we got married, he used to drink occasionally so I can't really tell how we got here.

It's so bad that he can't go a day without it. Once he can't lay his hands on alcohol he will begin to shiver like a malaria patient.

This addiction has gotten us into debts that I had to pay with my savings on several occasions.

I'm talking of debts of 120k, 167k, 136k e.t.c. He's takes several loans from loan sharks , drinks like no tomorrow.

He has wrecked ourbbusiness and only with the help of God was I able to rebuild It by taking loans and paying back.

We even decided he gets a job so he can be more responsible but after working for a year he had nothing to show for it.

Twice his parents had to take him to a therapist but it was all in vain as he would go back to drinking.

My head is scattered,I can't think straight, it's making me hate him. I tried leaving a few weeks ago , I went back to my mother's house but trust my mama, she begged me to go back and my mother in-law too.

I don't even know what to do, my mental life is zero, I have withdrawn from everyone, I'm practically in poverty due to this addiction
He is a wonderful man BUT this addiction is a very big problem. We have prayed, fasted, gone to doctors but it's still there.

I don't know what to do .

Send me a DM, prayer will help

crestedaguiyi:
This is rubbish.

Bolivia is a poor country forget about the continent except you intend to transit from there.

I had Bolivian colleagues in port harcourt , they almost cried when they were laid off, one was even imprisoned in lagos like a poor Nigerian for coming into the country with 1 funny leave they say is used for making cocaine .

I need invitation letter for 4 people to Bolivia, can u connect me with your guys?

CilicMarin:
This another one, his name is Onyebuchi Ifeanyi from Idemili, he was killed last week by IpOB Terrorists and buried 3 days ago...

MsAllisson newsblenda

Look at the poster, the man died in april and not a week ago.

holyidol:
Ok, let he continue.



Please nairaland Admins, how can I bring a case for you people to post for me, one old man is molesting two small girls of below 15yrs in my neighborhood which I have confronted him and he says that nothing is wrong with it.

Please I need people that can direct me to the appropriate organization to lay my complain.

Open a thread on it

Is it just me or why is the guy the one with the bigger smile here? She and her sister looks nonchalant.
Anyway congrats bro

But you're already begging ?
Igbo as a president will be good because they'll run Nigeria like a business

Very interesting topic.

@ stacyo, I admire your ability not to get emotional despite women being known to be emotional creatures.

Forget that slang of women being useless, it's mostly sang by pained or broke guys. What happened to stingy men association ?

In China and India, there is a shortage of women with at least 20-80m, the result? Women from neighbouring countries are kidnapped, trafficked and raped to produce children for the family that bought her after which she may have the option to stay leave without her child or stay as part of the family.

A time comes in life where a man needs emotional support that only a spouse can give. Sex won't mean much without that woman beside you.

That being said, many women are traps sent from the deepest parts of hell to ruin men. But some are wives. Wives are the goal and a man can even kill when to protect his wife not just a woman.

A woman who can't prove worthy to be a wife or a woman who can't add value in a man is USELESS.
Men think all a woman brings to his life is expenses and sex but look at the life of any man that gets married to a wife, after 1yr or 2yrs, there must be progress. How it happens, nobody knows but the wise understands it that's why no matured man will call all women useless.

Thanks.

Lol

Una still dey count?
Meanwhile, find out how I got empowered to stop selling shoes on nairaland and how it can change your life too, check my profile signature and click on the link. Let's smile this year

Welcome development, I just hope the newly acquired intel won't find its way to the wrong hands.

Is Nigeria at war?
How can a country be beefing up security against its own citizens? Why do we like putting the cart before the horse?
Meanwhile, find out how I got empowered to stop selling shoes on nairaland and how it can change your life too, check my profile signature and click on the link. Let's smile this year

Hmmmm, I think the armed forces can get things done when they want to
Meanwhile, find out how I got empowered to stop selling shoes on nairaland and how it can change your life too, check my profile signature and click on the link. Let's smile this year

This kidnappers have taken their nonsense to the international community. Lol, let's see how it plays out.
Meanwhile, find out how I got empowered to stop selling shoes on nairaland and how it can change your life too, check my profile signature and click on the link. Let's smile this year

Repelling attacks and peace talks, which one is easier ?
Meanwhile, find out how I got empowered to stop selling shoes on nairaland and how it can change your life too, check my profile signature and click on the link. Let's smile this year