₦airaland Forum

TheFloatingSwan:
I am a leader in Tech/Cybersecurity.

Can you put me through?
Can you be my mentor?
Can I be under your wing

annayawchee:
abi no be this same onitsha wey I dey Which food is cheap?

Oga house rent in onitsha now is between 600- 1.2m

Osino 400k

I dey stay for Okpoko
Na 400k we dey pay for 3-rooms and parlour

Tailorcaesar:
Am not saying that I pay house rent of 400k
Yearly.....rather I said that house rent of 3-rooms and parlour goes for 400k in Onitsha

My rentage is 14k 2-rooms and I pay nepa bill of 7k monthly

So technically you pay 7k per room for a year.

Bro, in 2018. A room in my village was 12k per year. And you want me to believe that in 2025, a landlord in onitsha of all places would collect 14k for 2 rooms every year from you.

What do you want him to use that money for?

Abeg sufry de lie.

peacenow:
With 100k, if you can make your money your slave and suffer for 5 years by saving 50% of your salary for 2 months and continue to invest 40k of your salary for the rest of 4 years and invest for five years and 10 months using a money market fund that pays an average of 17% per year, you can do it. See the calculation done in the compound interest calculator. When you have saved your account up to 2-3M, you can move half of your money to federal government savings bonds to invest by investing 1m 3 months consecutively, you will be paid on the 4th month and you will be paid monthly for 3 years if you invest on 3 years bond and your capital will be returned on expiration and you can start again.
Capital needed =N=100,000
Consecutive monthly investment = N 40,000/month for five years

You will now be earning 17% of ₦3,975,820.60 yearly, which is ₦675,889.4, and will be divided into 4 for you paid every 3 months, which is ₦675,889.4 divided by 4 = ₦168,972.35 every 3 months while your capital is there. You have bumped your annual salary from ₦1.2M to ₦1,875,889. Go into Stambic into any IBTC bank and tell them you want to invest in a money market fund. Start investing and thank God later. Disregard the US dollar sign. I calculated everything in Naira, I am not affiliated with IBTC but I know I am helping somebody with my whole heart so that you can help another person too.

Good one. Very insightful.

NewLife14:
I came across this beautiful post about the above topic here https://www.nairaland.com/8571178/someone-earning-100k-naira-should
In the comments, many great minded Nairalanders argued for and against "Marrying with a 100K income" from many perspectives.

This post is all about putting the theories in figures. STAY TUNED .

Now the man (From a supportive family) earns 100K and decides to Marry. That is #1,200,000 per annum (1.2M).
His expected expenditure should look like this:
➡️Cost of wedding =Free (Family Sponsors).
➡️ House rent =Free (Has 2 rooms in his family house).
➡️ Electricity Bill (2K a month X 1 year) = #24,000.
➡️Feeding with wife and kid/s (At least 2K a day X 1 year)= #730,000.
➡️Clothing =Nil (He doesn't change clothes ).
➡️Wife Expenditure = Nil (Her parents supports her and fends for her in his house )
➡️Baby Diapers = Nil (Baby wears Napkin).
➡️ Water (Sachet water and others) =Free.
➡️Baby Food and Groceries (Milk, etc, 5K per month X 1 year) =#60,000.
➡️Transportation to work (500 Naira per day X at least 270 days a year) =#135,000.
➡️Recharge card and Data for our man and wife (#200 a day x 1 year) = #73,000.

TOTAL SO FAR =#1,022,000 (1M, 22K)
Our man will be left with #178,000 (178K) at the end of the year in review.

⚠️You will observe that I was extremely prudent in the expenditure, in the hope that both his family and the wife's family support the marriage which is most times unlikely; what applies is that you the man is the one supporting them instead.

⚠️ I only added basic RECURRENT costs and didn't account for emergencies like Healthcare, or even miscellaneous. I also obviously avoided school fees, baby wears, etc.

❓Can you marry with 100K income? YES & NO!

You can if you already have a room in your parents house, your family and her family is supportive financially and otherwise, you like stress and you are comfortable with your current financial status (as marrying at this stage will give you little room for financial improvement and growth)

But if you desire to grow financially, break the chain of poverty, value your peace of mind, want to give your family the best and live in a city where you pay for rent and other things, then it'll be a suicide mission to marry with a 100K income.

My 2 cents

Am of d opinion man who makes 150 below shouldn't consider marriag3.instead build n improve urself

Jman06:
This whole thing....

In. a lot fun activities then, unlike now that life is more about work, work and more work with little fun.

I know the man will be prepared to manage.
It is the woman that brings the problem.
If she goes to office, or church meeting, she will see other women, hear how rich those ones are then come back home and stop managing with her husband.

spiSeyi:
If she no think am poverty might frustate her (there are lots of married women who don't want to sleep with another man but the poverty level in their marriage led them to such), I still maintain my stand because women mind are flexible and they can easily bend to pressure. A lot of married women are into low level hookup just to put food in the table especially those one who don't like unnecessary drama at home. If your wife doesn't bother you about anything their is a big god somewhere.

I still stand by my point.
Don't marry rubbish.

Kobojunkie:
That list above is how you can immediately tell those who are severely disconnected from reality.

When we say poor people are very wicked, this is what we mean.

Nah
You are the one disconnected
I know ppl married with 50k
Just cos you can't do it doesn't mean others can't
Just de thank God for your own and move in instead of trying to impose your standards for others. No be everybody de wait for rain to plant seed

spiSeyi:
➜If she no think am poverty might frustate her (there are lots of married women who don't want to sleep with another man but the poverty level in their marriage led them to such), I still maintain my stand because women mind are flexible and they can easily bend to pressure. A lot of married women are into low level hookup just to put food in the table especially those one who don't like unnecessary drama at home. If your wife doesn't bother you about anything their is a big god somewhere.

I don't blame such women. I can't find it in myself to blame married women who find they have to resort to hooking their bodies to feed and provide for their children.

SpencerForbes:
— Is it compulsory to give birth the first 3 years?

— Is marriage sponsorship or partnership?

— How many years are you going to buy pampers and baby food?

— What is the country’s minimum wage?

— How do you expect people in rural areas to procreate, or procreation should only be limited to the rich?

— What happened to starting a side hustle?

— How many men above 40k have more than 2 million in their account?

More questions loading………..

yet they are married and having kids

Cromagnon:
Nah You are the one disconnected I know ppl married with 50k Just cos you can't do it doesn't mean others can't Just de thank God for your own and move in instead of trying to impose your standards for others. No be everybody de wait for rain to plant seed

. That you know millions of people doing it does not make it less wicked a thing for them to do. Anyone who would knowingly inflict generational poverty on their own lives and that of their children is wicked.

Kobojunkie:
Stop lying to people!

You earn 40K a month, and after transportation and other bills, how much of that is left over for food, let alone savings? E yin oniro oshi... stop deceiving others into poverty with you.

is it your poverty

Tailorcaesar:
➜Chai. I go explain taya Bro I no dey fold hand dey hold for my salary oooo Me na hustler oooo I believe Igbo guy nwanne,

Again, stop lying to other people to rope them into miserable existence!

Vinnie2000:
Ogbeni
You can NOT achieve anything with 100K as a Family man.😏

Won't your children attend Good schools?
Won't they wear good clothes?

Do you know how much is School Bags and Lunch bags diz days?

How about Expenses from Mother-in-law and your own family members?

Does all this guarantee you’ll make a better family??

Has good school ever been the bench mark for making good citizens in the society??

Nazgul:
So technically you pay 7k per room for a year.

Bro, in 2018. A room in my village was 12k per year. And you want me to believe that in 2025, a landlord in onitsha of all places would collect 14k for 2 rooms every year from you.

What do you want him to use that money for?

Abeg sufry de lie.

Omo in oshodi Lagos, they still collect below 7k per room. Face reality.

Kingzjayzee:
the title of the book is actually "The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
Authors by Thomas J. Stanley and William D. Danko"

Thanks a lot. I’ve actually read so many books I can’t really recall their title but I’m happy you’ve also read it.

SpencerForbes:
Omo in oshodi Lagos, they still collect below 7k per room. Face reality.

You mean Oshodi under bridge, de play.

Martinez39s:
Marrying with 100k per month shows you are not a serious human being who loves himself. Smh.

Is marriage sponsorship or partnership and what if both parties have a side hustle or skills. Or you aren’t aware there are people earning a salary of 100k and they’ve still got a side income that can pay another 100k?

uuzba:
➜I know the man will be prepared to manage. It is the woman that brings the problem. If she goes to office, or church meeting, she will see other women, hear how rich those ones are then come back home and stop managing with her husband.

A man not ready to provide a woman with a life better than she had before marriage does not deserve marriage to her. And any man who thinks his woman should come in to live as he used to is a man who literally hates women in general.

And any man who thinks his children do not deserve a life far better than the one he was given by his own parents and the kids around him while growing up is a man who also hates his children.

It is OK for you not to love yourself. But for you to inflict the same suffering that is your life on others is a clear sign of wickedness!

Nazgul:
You mean Oshodi under bridge, de play.

Just enter Shogunle, and you will see a decent room self-contain going for less than ₦15k per month. I know this for a fact because I have friends living there, and I visit them constantly. And for those looking slightly further out, go check Mowe or Ikorodu—you can easily find a room self-contain for well below ₦250k per annum.

I live right here in Lagos and can confirm these prices based on my regular visits to those areas.

SpencerForbes:
Just enter Shogunle, and you will see a decent room self-contain going for less than ₦15k per month. I know this for a fact because I have friends living there, and I visit them constantly. And for those looking slightly further out, go check Mowe or Ikorodu—you can easily find a room self-contain for well below ₦250k per annum.

I live right here in Lagos and can confirm these prices based on my regular visits to those areas.

So you've shifted the goal post to per month, not per year. Like I said earlier, de play.

You'll tell me where in Nigeria you'll rent a room for 7k per year.

How much one senator get before him marry one actress.

How far d marriage go?

Nazgul:
So you've shifted the goal post to per month, not per year. Like I said earlier, de play.

You'll tell me where in Nigeria you'll rent a room for 7k per year.

In Shogunle, rent is paid monthly, but that’s nothing compared to rural areas. Down where I come from, the housing cost is ridiculous. I can say this confidently because I traveled back to my village in 2023, and tenants in one of my dad’s buildings were paying just ₦1,500 per month! I had to shake my head comparing that to what we struggle to pay here in Lagos.

Even if you go to the capital city of my state, you can still secure houses for less than ₦5k monthly that are often better quality than some of these expensive apartments in Lagos. The difference location makes in the cost of living is undeniably.

Nazgul:
So you've shifted the goal post to per month, not per year. Like I said earlier, de play.

You'll tell me where in Nigeria you'll rent a room for 7k per year.

Lol! I don't think he shifted goal post. It was definitely per month, not year. Those lowcost houses quote rent per month.

mhmsadyq:
➜How much one senator get before him marry one actress. How far d marriage go?

Financial security is not about longevity of marriage. Rather, it is about ensuring that marriage is an upgrade for both the individuals in the marriage and the children they produce. If you and your wife are not at least able to achieve some of your individual(outside of the marriage) dreams in the marriage, that marriage cannot and should not be regarded as a successful marriage, no matter how long it lasted.

If you enter marriage in poverty, you are guaranteed not only to remain poor, but also to have generations of your children also in poverty. However, financial security before marriage not only ensures you and your spouse the benefits of marriage— these benefits are not automatic— but also helps you better create an environment where your children have a better chance of escaping poverty, even if it happens to you, their parent, much later on, than if you were always in poverty from the get-go.

Financial insecurity is a major source of stress in all marriages. So, going into marriage with this stress already hanging over your head is an assurance of more troubles to come, for you and your children to come.

NewLife14:
I came across this beautiful post about the above topic here https://www.nairaland.com/8571178/someone-earning-100k-naira-should
In the comments, many great minded Nairalanders argued for and against "Marrying with a 100K income" from many perspectives.

This post is all about putting the theories in figures. STAY TUNED .

Now the man (From a supportive family) earns 100K and decides to Marry. That is #1,200,000 per annum (1.2M).
His expected expenditure should look like this:
➡️Cost of wedding =Free (Family Sponsors).
➡️ House rent =Free (Has 2 rooms in his family house).
➡️ Electricity Bill (2K a month X 1 year) = #24,000.
➡️Feeding with wife and kid/s (At least 2K a day X 1 year)= #730,000.
➡️Clothing =Nil (He doesn't change clothes ).
➡️Wife Expenditure = Nil (Her parents supports her and fends for her in his house )
➡️Baby Diapers = Nil (Baby wears Napkin).
➡️ Water (Sachet water and others) =Free.
➡️Baby Food and Groceries (Milk, etc, 5K per month X 1 year) =#60,000.
➡️Transportation to work (500 Naira per day X at least 270 days a year) =#135,000.
➡️Recharge card and Data for our man and wife (#200 a day x 1 year) = #73,000.

TOTAL SO FAR =#1,022,000 (1M, 22K)
Our man will be left with #178,000 (178K) at the end of the year in review.

⚠️You will observe that I was extremely prudent in the expenditure, in the hope that both his family and the wife's family support the marriage which is most times unlikely; what applies is that you the man is the one supporting them instead.

⚠️ I only added basic RECURRENT costs and didn't account for emergencies like Healthcare, or even miscellaneous. I also obviously avoided school fees, baby wears, etc.

❓Can you marry with 100K income? YES & NO!

You can if you already have a room in your parents house, your family and her family is supportive financially and otherwise, you like stress and you are comfortable with your current financial status (as marrying at this stage will give you little room for financial improvement and growth)

But if you desire to grow financially, break the chain of poverty, value your peace of mind, want to give your family the best and live in a city where you pay for rent and other things, then it'll be a suicide mission to marry with a 100K income.

My 2 cents

Most people that earn 100k per month do not do one job.

Cromagnon:
is it your poverty

pocohantas:
Lol! I don't think he shifted goal post. It was definitely per month, not year. Those lowcost houses quote rent per month.

I was of the opinion that it was per year especially after my initial post with the onitsha guy.

Misterone:
Most people that earn 100k per month do not do one job.

In major cities, a ₦100k job is often a financial trap. If you are not extremely careful with your budgeting, you will easily find yourself spending ₦150k monthly, erasing any benefit. Ultimately, everything boils down to disciplined financial planning.

You need to look beyond just the salary figure. Even security personnel and housekeepers in high-end locations here like (GRA, Lekki and Victoria island) earn well over ₦100k—and while their free time is certainly limited, the job usually comes packaged with free food and accommodation. There are jobs but location matters.

Tailorcaesar:
I dey stay for Okpoko
Na 400k we dey pay for 3-rooms and parlour

na now u talk nah

Okpoko is not onitsha

Thank you sir.

As if na so e easy u no put hospital bills oo, sickness na part of life

Labeebhabiby:
As if na so e easy u no put hospital bills oo, sickness na part of life

Of course not! 🥱🥱🥱

Sickness and medical emergencies no dey happen to poor people or their wives. Na so that pregnant women wey her husband no fit pay hospital leave the mother and unborn child to die like fowl some months alone. Poor people are literally very wicked! 🥱🥱🥱