FlamingoCityTv:
Naa to start to dey do Blue film

na to get ppl weh you go do m with be problem.

myke92:


I know these things are relative, but can you give a little insight into your personal perspective of "Poor Pay".?

Anything below 1m a month...

nkemjacob2:
farming that easy

Not easy ooo. I just like farming.

millionboi2:
hope you are not depressed?

Maybe, maybe because my music is not doing well

pocohantas:


This question is deep. Quick confession, the first bulk earnings I made from remote work went back to my family. I was astonished by the windfall and set out to change those things I didn't like. It was by Nov2022 I realised I hadn't saved enough in comparison to my earnings and I began to reason well. Black tax was a problem too. I cut out excessive black tax in Feb 2023.

The plan is to save enough for a long term investment. I am still undecided on which business, but I would most likely go for the one I have passion for - food or interior design and consultation. I have never considered remote work failing. There is always 9-5 for us. We would however struggle to adjust to the daily turnup and poor pay.

Well done for giving back to those who sacrificed for you in the past ( read that to mean parents and maybe siblings)

Big questions.

Even if your situation is better than the rest of your family.

How much of what you earn when you are just starting to earn big should go to improve the family situation GIVEN THAT you are just beginning to change your own situation?


Should you change their situation BEFORE you are yet to stabilize or should you change their situation AFTER you have stabilized?


Who defines when you have stabilized?


What if changing the situation for the family NOW is the same thing as stunting your future growth that will make it easier for you to help them and even yourself LATER?


I have made big sums from remote jobs but as we learnt recently even FAANG jobs are not guaranteed. At some point in time that funding source became unreliable.

Please set up plan B to plan G.

I am now more into contracts and even in that field I have seen how change of government/policy/management can affect fortunes for good and for bad.

Someone once said until you have at least 7 alternative income sources to depend on, do not relax.

Kiddogarcia:


Maybe, maybe because my music is not doing well

it gets worst before it gets better.Be strong

FEGEITOK:


Well done for giving back to those who sacrificed for you in the past ( read that to mean parents and maybe siblings)

Big questions.

Even if your situation is better than the rest of your family.

How much of what you earn when you are just starting to earn big should go to improve the family situation GIVEN THAT you are just beginning to change your own situation?


Should you change their situation BEFORE you are yet to stabilize or should you change their situation AFTER you have stabilized?


Who defines when you have stabilized?


What if changing the situation for the family NOW is the same thing as stunting your future growth that will make it easier for you to help them and even yourself LATER?


I have made big sums from remote jobs but as we learnt recently even FAANG jobs are not guaranteed. At some point in time that funding source became unreliable.

Please set up plan B to plan G.

I am now more into contracts and even in that field I have seen how change of government/policy/management can affect fortunes for good and for bad.

Someone once said until you have at least 7 alternative income sources to depend on, do not relax.

Even 7 is not guaranteed...... contentment remain a virtual.

millionboi2:
Even 7 is not guaranteed...... contentment remain a virtual.

Will postpone doomsday.

Which is why even commercial planes that can fly on one engine actually have two.

myke92 post=12335900
0:
Personally,
I've just been aggressive with investments, with hope for future returns., as I feel it offers lesser risks as compared to outrightly staring a business in this harsh nigerian economy.

Please what kind of investment

pocohantas:


This question is deep. Quick confession, the first bulk earnings I made from remote work went back to my family. I was astonished by the windfall and set out to change those things I didn't like. It was by Nov2022 I realised I hadn't saved enough in comparison to my earnings and I began to reason well. Black tax was a problem too. I cut out excessive black tax in Feb 2023.

The plan is to save enough for a long term investment. I am still undecided on which business, but I would most likely go for the one I have passion for - food or interior design and consultation. I have never considered remote work failing. There is always 9-5 for us. We would however struggle to adjust to the daily turnup and poor pay.

Looool! I can totally relate with being blown Way by the windfall. My first remote job, I worked for two weeks for that month. Just that two weeks work I earned income equivalent to 7 months pay iny previous job. I nearly went mad in shock. And this two weeks was just training o, I hadn't started fully working yet. Sharply I used it to "bless" family people that had stood by me when the going was rough. Of course my tastes went up and I suddenly "realised" that my old trusty Samsung Galaxy S7 Edge was "not too good again. The battery no dey last". So I splurged on a new phone for myself. Bought the state of the art iPhone, airpods for the missus for Christmas. Until I sat down to look at income vs savings. Savings was non-existent. But in all that splurging, I spent considerable amount setting up a solar/inverter setup and bought a brand new Honda generator. That was probably the best decision I ever made because it guaranteed me 24/7 power. I've kind of ramped up saving now but still not where I should be cos of some silly impulsive expenditure lately.

I love retail business but damned scared to get into it because you literally have to be on site to personally manage it in the beginning if you want to maintain control, otherwise employees will kill you.

pocohantas:


Anything below 1m a month...

Lol! USD has really spoilt us remote folks. Even that 1m+ is just Federal minimum wage in Yankee.It's so bad that I now only consider US employers. On the average they pay 2x what European employers offer. I recently needed a piece of hardware for work and the hardware is not readily available in Naija. Employers heard and we're furious I didn't ask. Long story short, hardware was delivered to me in Naija (from Yankee) within 9 days of asking.

Side question
With the new administration coming in, I expect them to get "aggressive" on Income tax for "us". Do you have a contingency plan for that?

lavylilly:
Omo I no get o. This country is messed up.
Advice to Young Graduate, run from any organization that has a HR that's not flexible, you will only regret it

Pls can you buttress the last point? Why so

medolab90:


Pls can you buttress the last point? Why so

if they are not dynamic to changes around and within the work place, if it not particular or certain way, they are not sympathetic, they don't pick or return your calls. Run ooooooo immediately.

obama99:


That's death by hanging

If you go into cash crops, you won't be broke

millionboi2:
it gets worst before it gets better.Be strong

Thanks

Kimjongun:
Since my job is very demanding, I couldn't start a business by myself. Instead I look for a cool headed babe, dated her for like a year then I encourage her to start a business. I put some money that I won't regret too much if I lose into the business and I have being watching her.

So far she has done well and the business is booming gradually, the next step is to marry her, register the business do some paper works and then use a year worth of my earnings to scale the business.

I hope to retire early and manage the business together with my wife.

premium tears loading...

ajimo54:


I will start farming immediately!

why not start now?

full time bolt driver

Fall back plan is always in motion for me.

As a salary earner surviving on 60k per month I saved rigorously to start a POS business which my girlfriend was helping me to manage in her mom's shop then. When covid hit in 2020 I was among those laid off but the effect wasn't much cos my POS was running. While my babe was managing it I vowed never to apply for job again instead I dropped certificate to go hustle. On bad days the little profit my babe (sometimes her mom) made would sustain me.

Fast forward to 2023 I have 4 fall back plans
1. 2 cars running on bolt (25k weekly from each)
2. A land in Ibeju lekki (used it to tie money)
3. My business (my main stay)
4. Marketing my friend's product (gives me 10 - 15k daily) though not consistent


The POS couldn't function like it did since my babe went to school and her mom focused on her husband who took ill. My younger brother I asked to manage was too careless and made silly mistakes that caused losses, the other pple too were careless or rip offs hence I stopped cos I didn't have time to monitor it.

Goal is to save enough to build house for rentage

Spiritualsdeeps:
Bought acres Land in a developing Area Fenced it... Puts Gate. ..

A Wise Man dips like 2.5 To go buy at least one acre of Land. .6 Plots.. In a developing area.. Keep it or even more..

In some Years time. It Appreciates..

This is actually unwise.

Buying of land is not actually wise as most of you paint it.

It is only advisable when your business or hustle has hit a stable finance level that dipping hand into the fund won't affect.


So you go advice a business person with a growing and demanding business with goods worth 10 million naira to take part of his fund to buy land of 3 million naira?

Though, I am doing pretty well in Nigeria, but as Nigeria don dey cast, I wan collect loan take travel out.
I wan start on a new ground.

As for my growing business, I will leave it for a trusted hand.

tiswell:
premium tears loading...

Your problem

Kimjongun:


Your problem

no wahala

Kimjongun:
Since my job is very demanding, I couldn't start a business by myself. Instead I look for a cool headed babe, dated her for like a year then I encourage her to start a business. I put some money that I won't regret too much if I lose into the business and I have being watching her.

So far she has done well and the business is booming gradually, the next step is to marry her, register the business do some paper works and then use a year worth of my earnings to scale the business.

I hope to retire early and manage the business together with my wife.

.

sexysunnyb:
Person never get current plan and you're talking about fall back plan.
Na person wey chop bellefu dey get fall back plan jaree

As in eeh!!!.....Omo O.P leave fall back plan make person chop belleful 1st😆....if u like get plan A- Z which is important tho!!!...but if fall back plan no be on GOD....4get am.....All Man 2moro is never promised; We just dey see am based on GRACE....If I tell u wetin I don plan...Replan...come Out plan sef..Omo u go bow.... everything on GOD.

airsaylongcome:



Let me call my tech guys make I hear their opinion

@tensazangetsu20
@qtguru
@niel63
@pocohantas

How e go be if remote cast?

I've been slowly setting up a low key VOIP telephony business. Facing huge resistance from Naija businesses as they don't see the value and prefer to use mobile phones over a centralized telephony system. In spite of the resistance, I'm still pushing. Got two customers and running all the infrastructure from my home office at the moment to keep costs low

Bro, my plan is simple. I will start teaching everything I know.

Starting a STEM class for kids with interest. I already had 2 offers from parents in Lekki, but I decline am now for certain reasons.

Option 2 is doing same for adults willing to transition to tech... age 27 to 45.
You'd be surprised people who just want these knowledge at their convenience.

The ultimate goal is to make tech work for me... build out a product that will sell out.

airsaylongcome:



Let me call my tech guys make I hear their opinion

@tensazangetsu20
@qtguru
@niel63
@pocohantas

How e go be if remote cast?

I've been slowly setting up a low key VOIP telephony business. Facing huge resistance from Naija businesses as they don't see the value and prefer to use mobile phones over a centralized telephony system. In spite of the resistance, I'm still pushing. Got two customers and running all the infrastructure from my home office at the moment to keep costs low

I have LMS skills, so I will definitely find some clients to service for a while.

My only fall back plan for now is to keep saving, stay away from woman make mistake no go happen because my parents dey pray everyday make their only son marry,minimise my spending and if worst comes to worst I will swallow my pride and ask my mum for loan to expand my business.
Above all, I am taking things one step at a time and not considering my age(that is where the main pressure is, especially from folks who will compare you with your peers) because the truth of the matter is that with the current economic situation, even back up can vanish within the twinkle of an eye.

Kimjongun:
Since my job is very demanding, I couldn't start a business by myself. Instead I look for a cool headed babe, dated her for like a year then I encourage her to start a business. I put some money that I won't regret too much if I lose into the business and I have being watching her.

So far she has done well and the business is booming gradually, the next step is to marry her, register the business do some paper works and then use a year worth of my earnings to scale the business.

I hope to retire early and manage the business together with my wife.

Sounds good. I hope she doesn't divorce you when that time come. It is not so simple to take over leadership of the business from her. You will find that out eventually

Mayflowa:


Sounds good. I hope she doesn't divorce you when that time come. It is not so simple to take over leadership of the business from her. You will find that out eventually

Legally we own the business 50/50 I am not trying to take over the business

Once after I have becomed a senior software engineer


I'll jejely move to my village and become a farmer.

Kimjongun:
Since my job is very demanding, I couldn't start a business by myself. Instead I look for a cool headed babe, dated her for like a year then I encourage her to start a business. I put some money that I won't regret too much if I lose into the business and I have being watching her.

So far she has done well and the business is booming gradually, the next step is to marry her, register the business do some paper works and then use a year worth of my earnings to scale the business.

I hope to retire early and manage the business together with my wife.

@ the bolded. When you're ready to register the business and paper work, holla me.