₦airaland Forum

1Alex:
I am into cyber security. There are so many of them. It depends on your interest

Telltruth123:
My advice to salary earners, I am a graduate of Accounting and I have been working for the past 12 years but presently I don't have any savings. I have made some mistakes during this journey.
Below are my advice to salary earners so that you won't live in regrets as I am presently:

1. Save at least 20% of your earnings you can increase it if you have the capacity but it must not be below 20%, you can save it in a co-operative society, I learned that after some few months, they will lend you three times of the money you save with low interest rate.

2.Try and have a business plan, calculate the amount you will need for the business and save towards it, you don't need to leave your work unless it grows to a certain level that can pay 3 times your salary.

3. Don't touch your savings unless for business, it is good to save it where you can't easily access it , co-operative society, bank with instructions on duration etc

4. Don't entrust your business with family members, they don't take it serious, I have bad experience with this and I am regretting it.

5. Don't lend out your savings, people might not return it, I have bad experience with this and I am regretting it.

6. If you are working in a company where you have access to loan, please make use of the opportunity as the interest rate is low invest it in a business, there is no access to loan in my company so I don't have the opportunity..

7. Lastly know that you can't be young for life make sure you have a business running for you so that when the work force is rejecting your age limit, you will have something to fall back on
I reject poverty for me and you.
Thank you.

Tiliphoto123:
Which tech skill can one learn pls

FreeStuffsNG:
Nice one. Thank you for the best wishes, prayers and practical tips.
Let me add that you can invest in the shares of great companies on Nigeria Stock Exchange and buy fixed income instruments like bonds so that your savings is actually working for you.

JobAndVacancies:
how do I start cyber security?
Will YouTube videos help or it's a one on one coaching stuff?
Also will I be getting jobs when I'm done learning?

pendusky:
Thanks for advice too... I have two side hustle... And currently investing in dollars... And currently earning 2% daily... Don't ask me how

If you want to know click on the link to register while you can reach out via mail to put you through.... Minimum capital is 100$

https://cbex9.com?code=686t4b2itg00

JobAndVacancies:
In this Tinubu's regime the proceeds of your monthly salary hardly lasts you nor cover up your basic necessities till month end.
So where you wan take use save?

1Alex:
I did with Cisco Networking Academy

Meerahbel:
Continue to complain, as I was once like you until I started taking action and steps to achieve what I want

AfahaAbia:
There is no formula in all this you said up there. You can save millions today, a terrible emergency can take it all tomorrow. For me with over 15 years experience working I would advise any young person today not to focus on savings alone but to invest as much as possible from your 20s and beyond. Try to also keep money in your pension account(another way of investing for retirement)even if you have contributions made by your employer already. I personally have over 100million naira(which will still increase as time goes on)in my pension account which I can not access till I'm in my 50s.. All im saying is thàt invest more than save.

JobAndVacancies:
virtual?
Have you been getting jobs/gigs since you finished?

Ibechris2:
Practically,I have done all of the above and thank God I did it early.

I work where I earn 250k gross but honestly,my side income is equivalent of my five years salary and I am a level 12 officer soon to resign from this job.

All what u have said is nothing but the truth.

For young men and women in their 20's, start early and refrain from gambling and wastages of keeping girl friends here and there. They are bunch of distraction and same applies to ladies who wants to be focus,leave men alone and focuss on your ambitions.

MONEY247:
What of us that our salary can only make up for feeding.... and there's no extra to save..

Like I earn 30k a month...

Annahh:
Must everybody do business?

Willie2015:
My rules
1.. Invest in Prayers..
2.. Stock market ..(Both local and Foreign)
3. Money Market and Fixed Income
4. Real Estate

1Alex:
I am not looking for jobs yet, I am still advancing in the field

Telltruth123:
My advice to salary earners, I am a graduate of Accounting and I have been working for the past 12 years but presently I don't have any savings. I have made some mistakes during this journey.
Below are my advice to salary earners so that you won't live in regrets as I am presently:

1. Save at least 20% of your earnings you can increase it if you have the capacity but it must not be below 20%, you can save it in a co-operative society, I learned that after some few months, they will lend you three times of the money you save with low interest rate.

2.Try and have a business plan, calculate the amount you will need for the business and save towards it, you don't need to leave your work unless it grows to a certain level that can pay 3 times your salary.

3. Don't touch your savings unless for business, it is good to save it where you can't easily access it , co-operative society, bank with instructions on duration etc

4. Don't entrust your business with family members, they don't take it serious, I have bad experience with this and I am regretting it.

5. Don't lend out your savings, people might not return it, I have bad experience with this and I am regretting it.

6. If you are working in a company where you have access to loan, please make use of the opportunity as the interest rate is low invest it in a business, there is no access to loan in my company so I don't have the opportunity..

7. Lastly know that you can't be young for life make sure you have a business running for you so that when the work force is rejecting your age limit, you will have something to fall back on
I reject poverty for me and you.
Thank you.

Pentagon007:
I am currently doing all that you said. My net salary is around 300k. At the end of every month i try to save upto 200k. I must say its quite difficult but the trick is that i do the saving FIRST, then use whatever that remains for my expenses.
I intend to save a reasonable amount then i learn a trade and go into business.

JobAndVacancies:
shut up.
How can you save with a salary of 60k below

Hamachi:
Investing can be addictive. You may say when my portfolio get to 1 million I will do this or that. You soon find yourself trying to chase 1 billion and later 1 trillion etc.

Esthered:
It is and don't mislead people.

My MIL just warned me to restock in large quantities to cover as much as February.

Indomitable was 7500 last month and 8500 today.
Spaghetti was 19k last month and now 22k last week.
Dano 12g was 15k last month and now 16k
Lactogen was 6000 last month and I bought a carton 76k at 6300 last week.
Good mama liquid wash was 2k last month now 2500.
Milo was 27k in June but I bought it 32k last month. The list is endless.

If I had bought Lactogen in January when it was 4500, I wouldn't be crying today.
Which milo is 32k? Which size?

Bulk buying spreads the cost on quantity purchased and you get to bargain for a discount. It's cost saving to a reasonable extent.

Femabol01:
I did something like this when my net salary was 200K 10 years ago. I used the savings to buy 32 plots of land for cash crop farming (houses have surrounded the place presently) and 4 plots of land for my proposed house. The properties I bought cheaply then have so much increased in value. I intend to use my savings with the cooperative to plant the Cash crop by April next year. Be careful while investing on business.

JobAndVacancies:
your lord and master Tinubu is a criminal and a vagabond
you will die a very painful death for being so heartless enough to support you an evil administration that has thrown millions of Nigerians into pains
You will die a miserable death

NamelessOGBENI:
I like it.

I've crossed some Tees in my investment portfolio (singular) the goal is more now, being prudent after getting burnt countless times taught me a lot.

And as a man of modest income, I dont lend people money, most of us are terrible when it comes to payback time.

Meerahbel:
The bolded is a cheat code.
For instance, you buy a land for say 50,000 in 1990, today that land is worth more than 15million naira, you can decide to sell and go but an acre some other place. When you buy the acre, you self a plot or two and go to another place buy an acre and repeat.

lereinter:
Lolzzzzz 🤣

When your take home pay can't even feed

FreeStuffsNG:
So much for the horrible words from the abundance of your hate-filled heart.

Little wonder you are struggling to get a job and living an unfulfilled life of frustration and anger.

You lack character and this is the lot of most you. You're your own worst enemy aside the horrible upbringing you had watching elders around you insult those God placed in authority. That church will not make any progress by hiring a person with serious character flaw like you because it goes against the counsel in Roman' 13:1-5 and 1Pet.2:13-14.

FreeStuffsNG:
So much for the horrible words from the abundance of your hate-filled heart.

Little wonder you are struggling to get a job and living an unfulfilled life of frustration and anger.

You lack character and this is the lot of most you. You're your own worst enemy aside the horrible upbringing you had watching elders around you insult those God placed in authority. That church will not make any progress by hiring a person with serious character flaw like you because it goes against the counsel in Roman' 13:1-5 and 1Pet.2:13-14.