₦airaland Forum

lereinter:
satan is quoting bible

na God go punish that heartless monster

lereinter:
Motivational speaker oro 🤣

1990 to now, More than 30yrs

My mentor taught me what I am telling you today and currently a silent billionaire. Has properties scattered all over Nigeria and heavily invested in NGX.

Hey! Talk is cheap.

JobAndVacancies:
na God go punish that heartless monster

him and tinubu shall perish

Over 100M is much o. God forbid o but if you die before 50, what will happen, no one can hold the future.

It is a good plan you save for the future.

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.

Meerahbel:
My mentor taught me what I am telling you today and currently a silent billionaire. Has properties scattered all over Nigeria and heavily invested in NGX.

Hey! Talk is cheap.

Silent billionaire indeed

I know it's a motivational speaker that will tell you

🤣

There’s something I realized in Life and that is: There are no rules to life, you can do everything and still be in debt.

Live like you’ll die tomorrow and dream like you live forever. In other words, Live life as it comes

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.

Your failure has absolutely nothing to do with this administration that's barely a year in office, you have been in your state way long before now and after the 8 years of President Asiwaju Tinubu you will still move on to find someone else but you to blame for your failures, horrible upbringing and life choices

lereinter check the bold in this idiot's comment, he says Tinubu is barely a year in office.
Can you imagine.
Freestuff you will die before Tinubu is sworn in for second term and when he wins during his second tenure he'll die disgracefully on that seat.
Mark my words

Hmmmm....Salary earners.

Bad suggestion if you earn naira. If dollars, or any stable fx...Great.

true but that doesn't mean you cannot achieve what you want with naira


You have a business plan when you have a business idea. Get the idea first. Saving towards setting up a business can only be done if you earn fx. And even you live in foreign nation, it is almost impossible to start a good business with personal savings, except, it is a micro business...or services that require only ones brain.

As soon as it requires purchasing assest and paying expenses, savings don't help

Says who?.

Ask people who earned N500k monthly 5 years ago and saved. Ask them the value of their savings presently. Hmmmm

They had bad saving culture


Yeah. I agree.

Don't even lend out your money, but give. When you give out, you don't expect it back

.

Salary earners are loan takers. Lol. Recipe for bankruptcy. It is the truth

Not all salary earners.

You don't need to run any other business before you make side income. You should learn other vehicles of income. You are only focusing on business establishment which rarely works. Go check data....After 5 years, over 95% new business collapse

Which data? Where did you get the statistics?.

You come up with investments. Highlight the forms of sustainable investments in Nigeria with the current state of the economy.

See, Nigeria is not business friendly. I was once it computer printing, photocopy, project writing, spiral binding, registration of students for different exams, CAC registration, etc.

You know what killed it - Nigeria

People cannot think outside of the box again. The moment you flourish, they come in without any prior orientation. Low sales and eventually no sales

Fuel - we cannot be on electricity so it's generator everyday

Multiple Tax - The LG will come, IRS and FIRS will show.

The only thing left is to have a skill. A skill that can make you earn in dollars.

Yes. Save for the raining day and not for business purposes. If you have to save for business, ensure you are grounded and have enough support in case Nigeria raise her ugly head.

This is for me

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.

Smh that a church wants to hire someone like you without doing a background check on you and investigating your online criminal cyberbullying activities https://www.nairaland.com/7752599/nairalanders-please-need-input-job

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.

Your failure has absolutely nothing to do with this administration that's barely a year in office, you have been in your state way long before now and after the 8 years of President Asiwaju Tinubu you will still move on to find someone else but you to blame for your failures, horrible upbringing and life choices

You can never in this life end well. Your life will end miserably and you'll bite your fingers in regret. Anyone supporting this administration both offline and online will end in pieces

Tohsynetita1:
Which milo is 32k, which size?

200 by 20g

galantjoe:
The op has shot first gun on this topical issue. The op area is mainly save and start business.

My advice as a paid employee that had worked for 20years is to Save regularly, after getting to certain amount. Invest in land.
Don't save only in bank's accounts but open retirement savings account (RSA) with pension fund administrator (PFA) and save there too. Their returns are impressive.
You can also in mutual funds. Stanbic IBTC Asset Management Ltd is there to help you. Their return of investment (ROI) is superb.


My point is that you should not have one savings or investment vehicle, multiple avenues and options are good because it offers better ROI and diversified portfolio that are hedged against risks.

I currently have good balance in my pension acct, good balances in mutual funds and bank's savings account and some plots of lands

I have a pension account that my company paid my monthly pension allowance to. Is it possible for me to pay to that account by myself?? If yes, how to do that please

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

Did you self-train, or you paid to get trained?
If the latter, where did you get your training from?
Thanks.

You are among the fortunate sir, this economy has erronded the purchasing power and is affecting income seriously. I started work age 28 seven years ago now 36 but thank God in my own house 2years ago and doing another for rent with annual income of 750k yearly once complete, a meagre of 800k in pension.

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.

wizzyvibes:
If you want to save in a place that will give you maximum returns, You can try the Stanbic IBTC mutual funds. It's currently at 20.58%per annum. If you need more details on how it works. You can send me an e- mail. Will take you through the steps.

But first download the Stanbic IBTC app via the play store

Pls can u tell me more about it? My WhatsApp digit is 08166579753.. I will appreciate it more

Thanks so much for this valuable advice. Being a civil servant of over 10 years experience, i have also learnt along with your suggestions that you need to shine your eyes when you save money in Multipurpose Cooperative because i have heard of cases where people lost all there life savings due to the mismanagement of it.

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.

Op also clearly emphasized on business/investing as well. He didn't advise on savings alone.
Most times you need savings to be able to invest.

Meerahbel:
Thank you for your response. You can save by either living below your means. Let assume you just got a job, you can squat with friend and when you want to get your own apartment go for a single room not a self contained. With 60k, save 20% that's N20,000 a year would give you 240,000, you can decide to buy a plot of land or invest in stocks market most especially foreign stocks., Treasury bill, or FG savings bonds (5000 to start by the way and you get interest quarterly) Your return can be used to pay monthly bill in the case of FG savings bonds school fees though or professional qualifications exams.

Everything is all about planing, the day you start taking actions and stop complaining or giving excuses you would see the difference. I hope this helps. I am rooting for you to win.

You are right; it's all about planning and taking action. In my home, savings is already part of us because we save first. Even my kids (less than 10 years) now compete among themselves to safe. I intend to use their savings to buy land and plant cash crops for them. It's not always easy but you gain more at the end.

Meerahbel:
Thank you for your response. You can save by either living below your means. Let assume you just got a job, you can squat with friend and when you want to get your own apartment go for a single room not a self contained. With 60k, save 20% that's N20,000 a year would give you 240,000, you can decide to buy a plot of land or invest in stocks market most especially foreign stocks., Treasury bill, or FG savings bonds (5000 to start by the way and you get interest quarterly) Your return can be used to pay monthly bill in the case of FG savings bonds school fees though or professional qualifications exams.

Everything is all about planing, the day you start taking actions and stop complaining or giving excuses you would see the difference. I hope this helps. I am rooting for you to win.

Please explain better on the stock,Treasury bills and Fg savings bonds
Abeg ...
I haven't heard about it

Meerahbel:
My mentor taught me what I am telling you today and currently a silent billionaire. Has properties scattered all over Nigeria and heavily invested in NGX.

Hey! Talk is cheap.

Please explain better on investment on NGX

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.

For financial freedom, kindly come and open family income protection or endowment policy with a life cover with lead assurance Ltd

For further inquiries

Call or Whatsapp me

08054664989

08100952574

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.

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

And you don't knwo when you buy things in bulk you consume it anyhow?

How can you managed last 1k for more than a week but can't managed 5k for 3 days

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.

Apart from real estate sir, what else can a man invest in?

Stocks? Bonds? mutual funds?? Etc?

You're absolutely right about this.
Invest, invest, have a business.

What people don't also know is that business is an art. The more you do, the better you become. So keep doing. Also try and understand risk management so you don't go belly up on just one business.

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.

Do not just save. Invest the money. At least it will grow to cover some percentage of the inflation we are encountering instead of just leaving it it in the Bank. If you worry about investment risks and access to your funds, you can just do mutual funds with Asset Management firms around (most of which are subsidiaries of the bank you know)

ChinemeremFidel:
On that aspect of girlfriends not everyone is that unfortunate to meet girls that would ruin them.
Forget this talks of no good girl,there are good girls out there...They would support you to the core...

True..

I think he is trying to let you know you have to focus on that good lady and erase others from your life.
For you to achieve big.

Telltruth123:
7. Lastly know that you can't be young for life make sure you have a business running for you so that [i]when the work force is rejecting your age limit,[/i]you will have something to fall back on
I reject poverty for me and you.
Thank you.

Hmmmmm....life..life..life

WHEN THE WORKFORCE IS REJECTING UR AGE ....

I break down on this seriously, imagine a once upon a time 16yr old lad dreaming about securing a good job in the future to become a person suddenly becomes someone whose age is bn rejected for bn too old.. just within the twinkle of an eye ooh...

Life...life.

FreeStuffsNG:
So much for the uncouth 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 gambling, 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 failed, ungodly and unpatriotic elders around you insult and curse those God placed in authority.

Smh that a church wants to hire someone like you without doing a background check on you and investigating your online criminal cyberbullying activities and gambling addiction https://www.nairaland.com/7752599/nairalanders-please-need-input-job

That church will not make any progress by hiring a person with serious character flaw like you because it goes against the counsel in Romans 13:1-5 and 1Pet.2:13-14.

Like OP was humble enough to admit, your personal failure has absolutely nothing to do with this administration that's barely a year in office, you have been in your state way long before now and after the 8 years of President Asiwaju Tinubu you will still move on to find someone else but you to blame for your failures, horrible upbringing and life choices in life

You are worst than the person you quoted. You are actually a very wicked, heartless, insensitive horrible man.


If you do not change your way and start a new life that is not based on praising corrupt, failed leaders who have made life difficult for Nigerians just because of tribe and religious sentiments, take it from me your life will end up miserable now or later.


Horrible hypocrites always mask their evil ways with quoting the Bible, be careful. Change your ways, it's very bad if nobody has told you, I am telling you that for free today, change your ways

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...

Baba no stress urself, no be u hin dey talk to....na some of them in their league that earns like 400k and above

Can a private worker open retirement savings account?

galantjoe:
The op has shot first gun on this topical issue. The op area is mainly save and start business.

My advice as a paid employee that had worked for 20years is to Save regularly, after getting to certain amount. Invest in land.
Don't save only in bank's accounts but open retirement savings account (RSA) with pension fund administrator (PFA) and save there too. Their returns are impressive.
You can also in mutual funds. Stanbic IBTC Asset Management Ltd is there to help you. Their return of investment (ROI) is superb.


My point is that you should not have one savings or investment vehicle, multiple avenues and options are good because it offers better ROI and diversified portfolio that are hedged against risks.

I currently have good balance in my pension acct, good balances in mutual funds and bank's savings account and some plots of lands

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

that’s what I keep telling people, even in this so called hardship a lot of people have been made millionaires, building houses and buying cars.

Just be creative and work hard on it and you will make money. Stop complaining, that’s for lazy people just hiding there lazy ass under the excuse of bad economy which we all know is work in progress.