It's funny how we love to downplay the cold. Put on all the layers you want, under -10 you don't want to be outside for longer than 10 minutes. You will never see anyone chilling outside because they have the appropriate dressing on. The only time you will be sweating is when you get inside. Let's call a spade what it is. Canada is very cold, and for the average African, it'll hardly feel like home except during summer.

ednut1:
with the appropriate dressing you would be sweating self under winter jacket and layers. So what are you on about

Childofthelord:
It's funny how we love to downplay the cold. Put on all the layers you want, under -10 you don't want to be outside for longer than 10 minutes. You will never see anyone chilling outside because they have the appropriate dressing on. The only time you will be sweating is when you get inside. Let's call a spade what it is. Canada is very cold, and for the average African, it'll hardly feel like home except during summer.

i guess these are ghosts ba. Are these not people chilling outside. I go for ice skating and skiing ( the pics were taken by me or my friend). And it not cold. You guys complaining about cold can go back home. No one forced u to come or remain..

seunpinky:


I know my response won’t change your opinion but ….
1. I have been in Canada for 16months landed July 2021.
2. I call Canada home for now till the foreseeable future and I don’t need to buy assets in Nigeria before u can term me to be successful or not. Within my 16months in Canada, I have acquired two houses before u shout mortgage note I had to pay 120k cad in cash as down payments for the two houses. You can decide to go Tru my previous posts to get to know more about me.
If I had channeled that 120k cad to assets in Nigeria that would be approximately 70million naira using exchange rate of 590 to 1 cad. I am very sure that with 70million naira I can afford to buy a choice property on the mainland and part of the island.

So let me ask you, have you made 70million as income not savings ooo?

120k cad ?? Bro u dey work with dem el chapo cartels abi lol that sounds good to hear bro but try dey buy land here too , land dey appreciate like crazy here. u can build it anytime u like .

ZINNYBANKS:

120k cad ?? Bro u dey work with dem el chapo cartels abi lol that sounds good to hear bro but try dey buy land here too , land dey appreciate like crazy here too . u can buy it anytime u like .

ZINNYBANKS:

120k cad (Add say na in 16 months too, not to mention, it is just some of the money, not all the money . )
?? Bro u dey work with dem el chapo cartels abi lol that sounds good to hear bro but try dey buy land here too , land dey appreciate like crazy here too . u can buy it anytime u like .

aspire to perspire, a thread...

True story, a friend of mine back in the day working in a good multinational pharma company, excellent salesman. His company paid more and had more benefits than where I was at the time. Did I mention he was/is an excellent sales man, so an opportunity opened in the company for a somewhat country manager 'kinda' position (not top management perse) but he would be the person handling that product portfolio for Nigeria and in due time two other west african countries. He went from being med rep to that in just a space of 4 years, cos his sales was phenomenal. Even his Regional manger at the time beef am, cos this role puts him above his RM sort of. It was an enviable role, the first few months in he had gone to about 4 countries in that MNC for specific trainings. I don't know what his pay would be but we all reckoned it would be significantly better. He moved to Lagos as we were in Akure at the time, got an apartment in Magodo and all that. Fast forward, 8mths in my guy was kicked out, and almost jailed. Why? The company kinda health insurance is the type where you claim an expense, pay, and get a refund. Even ordinary headache this guy fit claim 200k, but he got greedy. He claimed 8million naira claiming his wife underwent a serious operation. I guess while trying to verify maybe due to the cost, they found out the numbers and hospitals he claimed were all fake. Na one of our guys numbers he put for receipt and every. That one had to go into hiding. When that got out, they now beamed a searchlight on his other activities and found more skeletons. Well he couldn't get a job in the industry for about two years (I believe he was blacklisted). Eventually he left for Canada with his wife 4 years ago (the wife is from a very rich fam). They are doing fine now. He is still in sales.

Moral of the story assuming after cashing 8million successfully my guy dey ball and every, if you ask am say what is the secret, wetin he go talk, NA GOD oooo. Lol

Abi moti believe ni, unless there is more to it.

ZINNYBANKS:

120k cad ?? Bro u dey work with dem el chapo cartels abi lol that sounds good to hear bro but try dey buy land here too , land dey appreciate like crazy here. u can build it anytime u like .

I live abroad too, and the problem with talk like this is that it's not the complete truth. Dude probably came to Canada with a lot of money saved from working for several years in a solid company in Nigeria, else there's no freaking way you are buying two houses in 16 months and saving 120k. How much you come dey earn? How much be your salary? How much you dey pay as tax? Even someone working in a FANNG can't save 100k in a year in the first year of working. But of course, if you come from Nigeria with a sizeable amount like 50million naria, you can easily complement it with your savings from here and buy your two houses, if the story is true. Working in a FANNG, you best bet is saving 80k CAD a year in your first year of working, and that's with the most minimal expenses too and no kids. With kids, a non-working wife, and lots of expenses, you best bet is no more than $40k in savings in a year. Let's tell the truth. But that's still better by far than what you can save working in Nigeria where anyone can shoot you on the street at any time.

ZINNYBANKS:

120k cad ?? Bro u dey work with dem el chapo cartels abi lol that sounds good to hear bro but try dey buy land here too , land dey appreciate like crazy here. u can build it anytime u like .

That depends on the location. Two, he is buying the land with dollar earnings but will generate sales in naira - the naira loses its value every now and then. BTW, what is the fascination with building in Nigeria when one does not stay there, and the economy is in a terribly bad shape? No be say tourists dey visit Nigeria like Mexico or Spain

Gerrard59:


That depends on the location. Two, he is buying the land with dollar earnings but will generate sales in naira - the naira loses its value every now and then. BTW, what is the fascination with building in Nigeria when one does not stay there, and the economy is in a terribly bad shape? No be say tourists dey visit Nigeria like Mexico or Spain

na money he carry mostly from 9ja and savings in canada. When i came to Canada black market canada dols was 270, now its 600. Imagine just keeping your money in an account doing nothing you don gain o. I borrowed someone 2m after i came to Canada at 270, d person paid back when dolars was 380. When i told him about exchange loss due to his late payment. He change am for me say I should even be greatful he paid back lmao. Anything naira these days na big gamble. Only way is to get government contract if not you will lose and or cry.

ednut1:
na money he carry mostly from 9ja and savings in canada. When i came to Canada black market canada dols was 270, now its 600. Imagine just keeping your money in an account doing nothing you don gain o. I borrowed someone 2m after i came to Canada at 270, d person paid back when dolars was 380. When i told him about exchange loss due to his late payment. He change am for me say I should even be greatful he paid back lmao. Anything naira these days na big gamble. Only way is to get government contract if not you will lose and or cry.

Na wetin your guy for don talk since.

Anyway, better than building in Nigeria, which receives fewer tourists and good locations are scarce. Apart from Lagos, some parts of Abuja and a few parts of Port-Harcourt, building houses in Nigeria with dollar/pounds earnings to lease and generating rents in naira is very unwise. How lands in Owerri and Enugu sell for above 20 million is hilarious to me.

CANADA is over rated!

If u convert the balance at the end of the month knowing full well that Canadian dollar is smaller compare to US dollars would make u understand why I said,it is over rated.

Personally,I live and work in Nigeria,I save 500k in my children's account,500k in my mutual fund acct and set aside 800k for expenses and at the end I still have like 400k left on me.

For me and people like me,I prefer Nigeria over Canada Any day.

For light,I get 23hours light where I leave from my house to office, no potholes and my car and that of my wife are sound year come year end.

Just like I said earlier,Canada is unjustly over rated when it comes to earning salary honestly but other areas may be fantastic and far better than Nigeria no doubt.

In Nigeria,there is no cap to earning.

seunpinky:



Post modified as I realized that u weren’t worth my time… peace be unto u

post modified when you realized I have punched holes in your story. Fact is you weren't telling the truth, and your padi don mention a key factor you failed to mention..and just like the story of my friend up there on this page 3, if we look well enough there is prolly more to discover. Another one bites the dust. Just resorting to telling lies or incomplete truths just to sound smart or win arguments, for what??. Even the natives of these countries no dey carry am for head like you lot. Just say things as they are, be straightforward, it is so easy. Imagine this painment, simply cos I called you out on a very 'red flag' kinda statement. If you had ignored or simply told the truth, there would have been no argument..or painment. You'd still be in Canny and I'll still be in Naija. I honestly dont understand you guys, it gets more disappointing each day interacting with some of you. Fact is you alluded all the prosperity to Canada, incase you forgot. Who goes to Canada and in 16months has 120k cash to pay for down-payment and still has plenty to spare, and there isnt more to it? How I go gulp that one, when I no be mumu.

Peace be unto you too.

NuCypher:

I live abroad too, and the problem with talk like this is that it's not the complete truth. Dude probably came to Canada with a lot of money saved from working for several years in a solid company in Nigeria, else there's no freaking way you are buying two houses in 16 months and saving 120k. How much you come dey earn? How much be your salary? How much you dey pay as tax? Even someone working in a FANNG can't save 100k in a year in the first year of working. But of course, if you come from Nigeria with a sizeable amount like 50million naria, you can easily complement it with your savings from here and buy your two houses, if the story is true. Working in a FANNG, you best bet is saving 80k CAD a year in your first year of working, and that's with the most minimal expenses too and no kids. With kids, a non-working wife, and lots of expenses, you best bet is no more than $40k in savings in a year. Let's tell the truth. But that's still better by far than what you can save working in Nigeria where anyone can shoot you on the street at any time.

he is CFO of Facebook Canada chapter
I can't comprehend how grown men with phalluses btw their legs will just tell incomplete truth to score cheap points. Like what is your gain? Especially in this age where anything can be verified easily. It is quite disappointing, and these are people living in the 'saner' climes that you would expect to be very impressive, composed and circumspect.. Just falling hand up and down. It is well

Treadway:
he is CFO of Facebook Canada chapter
I can't comprehend how grown men with phalluses btw their legs will just tell incomplete truth to score cheap points. Like what is your gain? Especially in this age where anything can be verified easily. It is quite disappointing, and these are people living in the 'saner' climes that you would expect to be very impressive, composed and circumspect.. Just falling hand up and down. It is well

Be calming down

But someone earning 100k annually

Won't he be able to save up to 120k under 2 years in Cad

Nezzjnr:

Be calming down

But someone earning 100k annually

Won't he be able to save up to 120k under 2 years in Cad

not possible. Net pay will be around 72,000. Cane he or she survive on 12k a year Hahahaha

ednut1:
not possible. Net pay will be around 72,000. Cane he or she survive on 12k a year Hahahaha

Well I don't know much about the Tax System and cost of living annually in Canada so I can't tell.

Maybe I dey use my Naija Calculation

Nezzjnr:

Be calming down

But someone earning 100k annually

Won't he be able to save up to 120k under 2 years in Cad

not likely, unless he is pinching pennies. There are taxes that bring it down. The more you earn, the more you pay. After taxes, you now face the expenses. Baba still went ahead and said there are many people doing it. Imagine all those kin lamba.

Treadway:
not likely, unless he is pinching pennies. There are taxes that bring it down. The more you earn, the more you pay. After taxes, you now face the expenses.

Let's say I'm earning 100k Annually.

After deduction of taxes and Monthly payments like Insurance... House e.t.c

How much will I be left with at a rough estimate

Nezzjnr:



Let's say I'm earning 100k Annually.

After deduction of taxes and Monthly payments like Insurance... House e.t.c

How much will I be left with at a rough estimate

ask Ednut1, he is in the best place to answer you.

Treadway:
ask Ednut1, he is in the best place to answer you.

Cc Ednut1

Nezzjnr:

Cc Ednut1

has the op not done that on page 1 Make una no dey stress person abeg

ednut1:
has the op not done that on page 1 Make una no dey stress person abeg

lol. Nezzjnr ask Megastu. I think his analysis would be more real than OP's

Treadway:
lol. Nezzjnr ask Megastu. I think his analysis would be more real than OP's

Thank you Very much... God bless you

Nezzjnr:



Let's say I'm earning 100k Annually.

After deduction of taxes and Monthly payments like Insurance... House e.t.c

How much will I be left with at a rough estimate

Megastu I'll really appreciate if you can do Justice to this please

Treadway:
post modified when you realized I have punched holes in your story. Fact is you weren't telling the truth, and your padi don mention a key factor you failed to mention..and just like the story of my friend up there on this page 3, if we look well enough there is prolly more to discover. Another one bites the dust. Just resorting to telling lies or incomplete truths just to sound smart or win arguments, for what??. Even the natives of these countries no dey carry am for head like you lot. Just say things as they are, be straightforward, it is so easy. Imagine this painment, simply cos I called you out on a very 'red flag' kinda statement. If you had ignored or simply told the truth, there would have been no argument..or painment. You'd still be in Canny and I'll still be in Naija. I honestly dont understand you guys, it gets more disappointing each day interacting with some of you. Fact is you alluded all the prosperity to Canada, incase you forgot. Who goes to Canada and in 16months has 120k cash to pay for down-payment and still has plenty to spare, and there isnt more to it? How I go gulp that one, when I no be mumu.

Peace be unto you too.

I owe u no response, as at last night I had typed a breakdown of how this was achieved but when I saw ur other posts I knew u weren’t worth the explanation.
Just so u know I am married and I and my spouse earn well above 100k cad per annum. So put this into ur analysis and stop looking for holes. I don’t need to proof anything to u

I don't know why people do this,when threads like this is created, some people will find a way to bring in something else. This thread is for people in Canada and people that want to relocate to Canada. If you do not fit in any of the aforementioned people, go and sleep some where else.

seunpinky:


I owe u no response, as at last night I had typed a breakdown of how this was achieved but when I saw ur other posts I knew u weren’t worth the explanation.
Just so u know I am married and I and my spouse earn well above 100k cad per annum. So put this into ur analysis and stop looking for holes. I don’t need to proof anything to u

whatever floats your boat...

Nezzjnr:



Let's say I'm earning 100k Annually.

After deduction of taxes and Monthly payments like Insurance... House e.t.c

How much will I be left with at a rough estimate

Let me help with this:
If u earn 100k per annum ur net monthly income is approximately 5,600
As a single person living a modest life:
basement Accommodation in Mississauga
monthly rent is 1200 (inclusive of all bills)
Groceries 350
Phone bill 50
Internet 80
Transport 200
Flex money 300

Can’t think of other expenses right now… but as a single person living a modest life and earning 100k per annum u should be able to save 30k per annum.

What are the major expenses that eats into the income of single people:
1. Rents in highbrow areas/condos (2,200/month)
2. Cars on finance… if u are financing a car, an average of 1k leaves ur income ( car payment 500, car insurance 300, petrol 300) that’s 1,100 cad per month on car.
3. Expensive dates where they spend an average of 150cad per date night.
4. They save up for expensive vacations without having investments.

N:B: human wants are different and what tickles our fantasies also differs. However if u live a modest life in Canada and you earn 70k and above you will be able to have good savings at the end of each month.

I have a female friend working in one of the big 4s living in Kitchener and she’s paying rent of 1,600 per month. She said she can’t live in a shared apartment and she can’t stay in a basement. She doesn’t have any plans to buy a home. Meanwhile in that same Kitchener other single folks are paying 800 as rent for one room per month.

I have a single female friend, the babe is focused she didn’t live a lavish lifestyle, She was very frugal with her funds. She was able to save up to buy a townhouse in Kitchener. Guess what she did, she maintained one room for her self and she rented out the 4 other rooms collecting 700 per room converted the siting room to another room This gives her a rental income of 2,800.

In the same vein, I have a married friend who earns less than 100k but has a combined family income of about 140k and he just bought his second house.

All these examples including me are all less than 30 years. Oya argue with ur keypads

https://www.nairaland.com/6829885/canadian-express-entry-federal-skilled/81#110263343

You can also take time to read this write up I made some months ago (February this year)

You have time to respond. You actually presented a scenario of someone living the one of the most expensive city in Canada. Imagine if the person is leaving the Prairies or the Maritimes, the person would actually save more. He will spend less on accommodation.

seunpinky:


Let me help with this:
If u earn 100k per annum ur net monthly income is approximately 5,600
As a single person living a modest life:
basement Accommodation in Mississauga
monthly rent is 1200 (inclusive of all bills)
Groceries 350
Phone bill 50
Internet 80
Transport 200
Flex money 300

Can’t think of other expenses right now… but as a single person living a modest life and earning 100k per annum u should be able to save 30k per annum.

What are the major expenses that eats into the income of single people:
1. Rents in highbrow areas/condos (2,200/month)
2. Cars on finance… if u are financing a car, an average of 1k leaves ur income ( car payment 500, car insurance 300, petrol 300) that’s 1,100 cad per month on car.
3. Expensive dates where they spend an average of 150cad per date night.

I have a single female friend, the babe is focused she didn’t live a lavish lifestyle, She was very frugal with her funds. She was able to save up to buy a townhouse in Kitchener. Guess what she did, she maintained one room for her self and she rented out the 4 other rooms collecting 700 per room converted the siting room to another room This gives her a rental income of 2,800.

In the same vein, I have a married friend who earns less than 100k but has a combined family income of about 140k and he just bought his second house.

All these examples including me are all less than 30 years. Oya argue with ur keypads

lanresz:
You have time to respond. You actually presented a scenario of someone living the one of the most expensive city in Canada. Imagine if the person is leaving the Prairies or the Maritimes, the person would actually save more. He will spend less on accommodation.

I’m on the train so I have little time to banter .
I don’t understand why people think Canada is a hell of a place to live.

I have a younger friend that landed some months ago as a student, she’s doing two jobs one as an education assistant paying $26/hr and another as a PSW earning $25/hr. She juggles these two jobs alongside her studies. She stays in a shared apartment and pays rent of $500 per month all inclusive. You can imagine how much she would be saving on a monthly basis.

I would have loved to share an analysis of how I was able to do 2 houses in 16months and how I raised the money but I see that most people are not here to learn. They think everybody is a lamba god