₦airaland Forum

jamafa:
50% of Nigerias don't earn 500k and above monthly.

U just av to manage d resources you have.

dude said 50%..sre u not aware of the recent stats the cbn posted one time, cbn said about 80% of Nigerians don't have 500k in thier account.. Dude, over 80% of Nigerians don't earn 500k monthly... The very rich u see online are less than 2% of the countries population... That guy no sabi wetin God do for am... What e should be looking out for is to diversify his income...

Oga it's not small oo. Some of us are still earning 100k.so forget what people are going to tell you. Just manage your expenses.

On God, with dedication and consistency we will get over that amount.

Jega2000:
I make roughly 500k-700k on average monthly but I am not really comfortable...

Don't mind all the motivational speakers here advising you to manage that small money.

Just resign from that low paying job and look for a better one.

You have a good taste and no employer should tamper with that

By the way, introduce somebody else to your employer before you leave your company so that the person can be helping you small small before you get a new fantastic job.

Las las, you'll become Dangote soon.

abba190b:
thunder fire u there bloody liar u be thief saying 700k is not enough for u. I am looking for 100k monthly

No mind am..it's possible he is not even seeing up to 100k a month. If 700k a month no do am, 1M a month no go still do am

Jega2000:
... if am able to dey make like $1500 equivalent in naira monthly, e go make sense

And when you reach there you’ll want more It’s human nature

Gerrard59:
Why do you people like doing this?! It is annoying!

Are Nigerians spending dollars in Nigeria? He is doing FAR better than anyone earning that amount in the US.

Please read up on Purchasing Power Parity in Economics.

Is it not the same thing we are talking about? Which is him doing better than most people. Abi you jus wan argue lol

BABANGBALI:
Chicken change





Please If you're looking for a wife material, go for a lady above 35 years because their senses have come back to normal.
🤔

but they dem hard to give birth na

harjay1986:
That means you buy food every time, if possible find way to cook your own meal, it will reduce to some extent, I earn 300k with three kids and my wife, after every every I still save like 100k every month

Please give us a breakdown of how you are able to achieve that. That is highly commendable

richmond500:
500k is not a small money by present Nigeria standard.
Some people deh earn only 100k

With a wife and 3 children sef

GiftofGod77:
Try to live under your income, save some of the money then after due diligence invest one tenth of the savings. Then buy real estates with documents to back them. Trust God.

una de shout real estate.. how much is a plot of land. and how long will it take to use his one tenth to buy that plot

njelrapheal:
una de shout real estate.. how much is a plot of land. and how long will it take to use his one tenth to buy that plot

Okay Boss what i mean is after living under one's income by cutting expenses, then one can save some money, then out of the savings one can invest in a good venture and after making money from the venture or ventures one should invest in real estates because they appreciate in value over time.

[quote author=galantjoe post=133682161][/quote]unless you have other businesses.. it might take a very long time to get a car on that wage alone talk about comfort. unless you meant you are contented with it

Saviola86:
I am a single guy and I make approximately the amount he quoted

I do not party
I am not fashionable
I do not womanize
I only goto work and come back
Send my mom her weekly upkeep and assist my fiancée

Yet I struggle to have a reasonable savings by end of the year

So what will you say about that?

If you don't do all that and yet you can't save up as little as it can be( aside family support going out from you), then brother you lack financial discipline.

You're simply living above your means.
Do you invest in assets and what do you have in your savings right now, can your emergency funds if you have one sustain your lifestyle for the next 6 months if (God forbid) you loss your source of income today? first thing first, check where your money is going to and cutdown all unnecessary expenses. Then have a monthly budget you always work with.

temitope27:
even if you cook at home, u will still spend that much on food

i bought tomatoes and pepper and oil and onions and meat for 7k.. i have bought extra fish and another meat of 6k i made stew and i am still eating it since 1 january. i had to even divide the blended tomatoe paste to make the stew twice.. if you buy in bulk.. you would most likely spend less on food in a month.. imagine buying half goat for 30k with it you make 3 different soups with just say 10k.. you can eat that for 3 weeks and.. definitely. over the months.. you would spend less on food..

GiftofGod77:
Okay Boss what i mean is after living under one's income by cutting expenses, then one can save some money, then out of the savings one can invest in a good venture and after making money from the venture or ventures one should invest in real estates because they appreciate in value over time.

ok i get you now..

harjay1986:
That means you buy food every time, if possible find way to cook your own meal, it will reduce to some extent, I earn 300k with three kids and my wife, after every every I still save like 100k every month

Good day, sir. I need to follow up with this. How do i reach out to you.
Thank you in anticipation.

IsmailR:
Can you teach me your work? Pls try to be comfortable, there r some people looking for that type of job ooo

Very funny. When you get to his level you'll understand that your taste will change.

harjay1986:
That means you buy food every time, if possible find way to cook your own meal, it will reduce to some extent, I earn 300k with three kids and my wife, after every every I still save like 100k every month

The dude is financial management illiterate

Give him 3 million per month
It will still not be enough for Him

Jega2000:
... i know but e get somethings wey you no fit budget...

I'm sorry, I don't think so...do you know that I even include knacking and flexing in my budget?

AbujaLagos:
Cheap life style

says the man who eats 500 Naira food. Abi you done forget your thread ?

njelrapheal:
ok i get you now..

Yes Boss...because no matter where you are in life try to live under what you can afford. This does not mean living malnourished or in penury or poverty but living moderately and choosing the simple healthy and fun life. This will enable some savings to be made no matter how small. As the savings grow we learn different businesses or ventures well and then we can remove a small fraction of our savings to just try and see. If it works we learn more and increase our investments gradually. Over the upcoming years it will grow then we can make further investments in fixed or more viable assets for our old age and even our seeds whether born now or unborn.

1Salaam:
650k in Lagos is 250k
650k in osogbo is - 500k
650k in Jos is 850k
650k in Bauchi is 1m


WHERE ARE YOU EARNING THE 650k

very apt 😆

I need to enter Bauchi

You are a greedy fellow. If you are not satisfied with 700k a month, nothing can satisfy u and there is nothing anyone can do for you that you will value.. Human wants will never finish, its up to u to keep a simple eye not desiring to have everything you see.

Budgeting is very important

Even 2m is not enough unless you streamline your spending

Teacher70:
I'm telling u bro.
Good morning. Pls kindly help me with something. Since yesterday, I haven't eaten. No toothpaste even. I am mad ryt now

To be frank with you, I'm trying to keep my head above waters too.

dheolexaone:
.
I earn 500k as a wife and my husband earns 200k.
I support in rent, pay school fees as they don't attend most expensive schools but have the best training from myself and the dad to back them up academically. Cook without waiting for money from my husband and don't ever complain at any time. We are here to help each other not a liability to one another.
I solely subscribe for entertainment at home with unlimited data and I am still able to save up to 250-300k monthly after paying my mum salary and helping some family members for the month.
I have a car but only drive when it's important for me and us as a family.

In all, nobody can help you spend your money. Your wants needs to be worked on.
Shalom.

Your home is a blessing, MA.

Jega2000:
... fuel, house rent nko

do you pay house rent every month? U can't spend move than 100k on fuel every month so you still have like 300k left to flex

That is more than an annual salary of a private school teacher.
If you redesign your life style and calibrai your expenses, you can even save from that amount, unless you are a family man.
Hustle harder for you may not get another opportunity like this.

Jega2000:
I make roughly 500k-700k on average monthly but I am not really comfortable...

Where you nah de see this money ? I earn 40k monthly 😞😣

Jega2000 so, u decide