₦550k Still Looks Small As A Salary - Career (2) - Nairaland
Nairaland Forum › Nairaland General › Career › ₦550k Still Looks Small As A Salary (28466 Views)
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| Re: ₦550k Still Looks Small As A Salary by chinchum(m): 2:32pm On Apr 19, 2025 |
Well, it depends on him. It is no longer a wow amount as it would have been some 10 years ago. Other conditions that will matter is if he cooks himself? working from home and not need to commute to work? whether he has dependents(siblings, parents,wife, children girlfriend e.t.c)? , not a spend thrift that likes showoff, any investment plan? Not cbex like oooo. Paying rent or own a house or libing in family house? Own a car? Has a costly habit like drugs, womanising, gambling, ? There are too many factors that can make the money appear like 50k. Someone up made a perfect summary which is the value of money lies in the owners hand. To those converting to foreign currency, that is obviously not a smart thing to do. It is about the same foolishness as converting foreign currency earned by abroad resident to naira. 18 Likes |
| Re: ₦550k Still Looks Small As A Salary by borie4u(m): 2:32pm On Apr 19, 2025 |
Money that I will make one Sunday 13hrs is even more than this. Let me say one Saturday with NHS for 12 hrs is equals that pay 3 Likes |
| Re: ₦550k Still Looks Small As A Salary by Nobody: 2:32pm On Apr 19, 2025 |
Habbeyy:Because many tech guys get jobs from abroad and they're paid in dollars 1 Like |
| Re: ₦550k Still Looks Small As A Salary by SocialJustice: 2:32pm On Apr 19, 2025 |
For a tech bro, it is a miserable salary. He should work for the experience but continue job hunting especially for international roles. 8 Likes 1 Share |
| Re: ₦550k Still Looks Small As A Salary by Kingozymandias(m): 2:32pm On Apr 19, 2025 |
Englishisamust:I earn almost 1m monthly (very close) yet I get broke after week 2. Omo this country is finished. .the amount. I have to dash monthly from beggy beggy friends is too damn much.  7 Likes 2 Shares |
| Re: ₦550k Still Looks Small As A Salary by QuinQ: 2:33pm On Apr 19, 2025*. Modified: 3:06pm On Apr 19, 2025 |
Englishisamust: Habbeyy: crossbreedwears: ArcFresky:Well, because bag of Rice costs 100K, add ingredients, provisions, medications, transportation, fees, NEPA, rent. LAWMA, DSTV, etc 1 Like |
| Re: ₦550k Still Looks Small As A Salary by erico2k2(m): 2:34pm On Apr 19, 2025 |
Englishisamust:E small depend on the level and taste |
| Re: ₦550k Still Looks Small As A Salary by crossbreedwears(m): 2:34pm On Apr 19, 2025 |
Stop all this conversion rate abeg. We are not in America QuinQ: 11 Likes |
| Re: ₦550k Still Looks Small As A Salary by francis5051: 2:34pm On Apr 19, 2025 |
NwaliE01:and I they here d find 200k job 2 Likes |
| Re: ₦550k Still Looks Small As A Salary by crossbreedwears(m): 2:35pm On Apr 19, 2025 |
Are we in the UK? 550k is big in nigeria oga femi4: 11 Likes |
| Re: ₦550k Still Looks Small As A Salary by ArcFresky(m): 2:35pm On Apr 19, 2025 |
QuinQ:Why comparing it to $. Do you pay rent in $? Do you pay bills in $? Mumu 12 Likes |
| Re: ₦550k Still Looks Small As A Salary by wunmi590(m): 2:35pm On Apr 19, 2025 |
 Trust me, the money is small, I earn a little below that, but I must tell you, the APC have really spoilt the economy... But it is still good for a guy like him, who is single, honestly Nigeria money no get value again, I swear... 7 Likes |
| Re: ₦550k Still Looks Small As A Salary by AfahaAbia(m): 2:35pm On Apr 19, 2025 |
Kingozymandias:You're the cause. Always try to hide your earnings from family and friends, if you do you're in big trouble. 2 Likes |
| Re: ₦550k Still Looks Small As A Salary by DrAda(f): 2:36pm On Apr 19, 2025 |
It doesn't look small. It is small 2 Likes 1 Share |
| Re: ₦550k Still Looks Small As A Salary by Openmyne: 2:36pm On Apr 19, 2025 |
Englishisamust:550k is not as big as you think esp when you look at its purchasing power then and now instead of the volume! 4 Likes 1 Share |
| Re: ₦550k Still Looks Small As A Salary by Crafteck1: 2:38pm On Apr 19, 2025 |
Its small, some people make more than that in a week and its not enough for you to become somebody.... Forget plans to buy land or build in that 4 Likes 1 Share |
| Re: ₦550k Still Looks Small As A Salary by SocialJustice: 2:39pm On Apr 19, 2025*. Modified: 3:55pm On Apr 19, 2025 |
Kingozymandias:If this is true, better start saving more and stop telling your friends how much you earn. I know girls that earn over N2m monthly but act like they are on 300k. 14 Likes 1 Share |
| Re: ₦550k Still Looks Small As A Salary by GboyegaD(m): 2:39pm On Apr 19, 2025 |
borie4u:Baba Olowo, how you dey? 2 Likes |
| Re: ₦550k Still Looks Small As A Salary by essentialone1: 2:40pm On Apr 19, 2025 |
Monthly electricity bill is N100,000 That is what I pay monthly on Prepaid no matter how you switch off things. |
| Re: ₦550k Still Looks Small As A Salary by Englishisamust(op): 2:43pm On Apr 19, 2025 |
nairalee:How he dey spend is money??... |
| Re: ₦550k Still Looks Small As A Salary by thelegend1(m): 2:44pm On Apr 19, 2025 |
If your salary is less than $750 dollars for something technical and professional....then it is small. Let us tell ourselves the truth, we are highly underpaid in Nigeria 7 Likes |
| Re: ₦550k Still Looks Small As A Salary by redcliff: 2:45pm On Apr 19, 2025 |
Englishisamust:You are a broke person. 550k in this present day nigeria is peasant attitude 2 Likes |
| Re: ₦550k Still Looks Small As A Salary by Mrluv(m): 2:47pm On Apr 19, 2025 |
NwaliE01:boss to press your neck to dey hungry me how dare you say 2 million per month is an insult to you me may come earn 15k per month after deduction i would be left with 12k and you dare say 2 million is an insult to you do you know how much is 2 million /? 7 Likes 2 Shares |
| Re: ₦550k Still Looks Small As A Salary by Helloworld123: 2:48pm On Apr 19, 2025*. Modified: 4:24pm On Apr 19, 2025 |
Englishisamust: 2 Likes |
| Re: ₦550k Still Looks Small As A Salary by carzeem1: 2:51pm On Apr 19, 2025 |
Single guy on 550k is okay as long as he has plan of scaling up his career and increasing his potential to earn more in a short time. Note* if you must marry, make sure your wife is also working or earning well in a scalable business too, so you can build a financial secured future together. Or else, the 550k will be equivalent to 50k when responsibilities and life's turbulences happens. 2 Likes 2 Shares |
| Re: ₦550k Still Looks Small As A Salary by Nobody: 2:51pm On Apr 19, 2025 |
Rexymania:how can you be living in Ajah and work in ikeja, aside the money, nah stress go kill the person except if it's an hybrid job that doesn't require much physical presence at the office. 4 Likes |
| Re: ₦550k Still Looks Small As A Salary by darthv: 2:56pm On Apr 19, 2025 |
femi4:Because he is spending euros in nigeria bah! 5 Likes |
| Re: ₦550k Still Looks Small As A Salary by NYABINGHIofWuTa: 2:56pm On Apr 19, 2025 |
Englishisamust:my brother if you know your worth for the industry, you go know 550 too small.  2 Likes |
| Re: ₦550k Still Looks Small As A Salary by emoboy4u: 2:57pm On Apr 19, 2025 |
My own problem be all of una wae think sae tech people na only software developers. 1 Like |
| Re: ₦550k Still Looks Small As A Salary by NYABINGHIofWuTa: 2:58pm On Apr 19, 2025 |
brain54:i tire o! E be like na America dem base. Black man, na we dey do our selves |
| Re: ₦550k Still Looks Small As A Salary by Mariangeles(f): 2:58pm On Apr 19, 2025 |
femi4:Yinmu!  |
| Re: ₦550k Still Looks Small As A Salary by MORIERA: 3:01pm On Apr 19, 2025 |
NwaliE01:Some post on this platform ehh can make one suicidal. People that earn 45k monthly what should they do? This week has been so rough if you have any connect please I am ready https://www.nairaland.com/8399620/lil 3 Likes |
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