kkk

Saving 10% of your salary is same as saving after spending which is very wrong. I spend only 20% of my salary and save the other 80%

bigpastor:


So how much of your monthly income do you consider "legal"to spend

At most 80%. It's my personal commitment to my financial freedom target.

Woman

LaurelP:
Run away from girls



BUt on a more serious note, you need to also enjoy the fruit of your labour ie your money.
Make sure you have good fun once in a while, especially after accomplishing something or getting a promotion etc. Dont suffer yourself in the name of frugality.

True True. Bt guy, we still need them nah

Welcomme:
Money wey no even reach to eat sef! Abi man go allow hunger kill am because e wan save?

Bottom line: Avoid women, nijabet, surebet, babaijebu, pool, like plague, cuz they can cost u not only ur money n savings but also ur life.

Hahahahahahaha, my belle oooo.

abdulkayus:


Hahahahahahahahahahahahahahahaha, austinbrown y nah
Don't u know if u don't save, u wilk suffer more.

i'm eating everything for the first one year

abdulkayus:


I have stop that sh$t and stop it for good. Betting no make sense no matter how calculative u are. I have only won once which is 600naira only LOL. All in all in my betting, I have loss not more than 3k cos am only betting 100naira, LOL.

it has paid d lucky ones though cos i know a man dat won 1.3m last week

Bullshits!! just spend on important things and keep working for more ,saving is for illiterates,you invest and reinvest till you die..period

denisbath:
slow network cost me my FTC

and wah would you av done with the FTC?

OP you forgot something important, never ever borrow on a salary, an amount you can't pay back in one year or u'll have been trapped by the time u realise. As much as possible try not to take loans to get wat ever u want. Practise delayed gratification and the world will be yours...

austinbrown:
I'm not serving anything, I have suffered a lot

Lol @ Austinbrown I see you. Bro eat your thing well, as far as you worked for it. My uncle use to say eat well dress well, what you eat is truly yours, all those savings etc ain't really yours.

I will say I avoid! Frivolous spending e.g spending too much on women! Even if I have a fiancé or a wife! She should get a Job and make her money!

anitank:
Saving 10% of your salary is same as saving after spending which is very wrong. I spend only 20% of my salary and save the other 80%

Lol. Well firstly ur a girl so I'm sure many magas are involved for u to spend only 20% of ur income monthly. Secondly u must be either very selfish and uncaring that you don't assist family and friends in need or u have absolutely zero responsibilities at home and beyond. Thirdly, saving won't actually make u wealthy, giving and helping people around u and investing ur money wisely (in urself and other physical things that will yield returns) are the sure ways to getting wealthy. I would advise u and all NLers to read The Jewish Code, it's one hell of an eye opener. Cheers...

donem:

Lol @ Austinbrown I see you. Bro eat your thing well, as far as you worked for it. My uncle use to say eat well dress well, what you eat is truly yours, all those savings etc ain't really yours.

good advice from a military man

elipheleh:
Avoid Women

U fit?

bigpastor:


So how much of your monthly income do you consider "legal"to spend

He said 80%, for now mine is 60% of my linear income and 20% of my residual income.

dearpreye:


At most 80%. It's my personal commitment to my financial freedom target.

u save 80% or re invest it?

Chimaritoponcho:

it has paid d lucky ones though cos i know a man dat won 1.3m last week

Nawa o, 1 lucky person out of every 20,000. How many people has won 1.3m in a year? How many people has played in a year? Do u even know if d winner of d 1.3m is one of their own? No life in gambling. Call a spade a spade.

dis got me lafn like an slowpoke

Welcomme:
Money wey no even reach to eat sef! Abi man go allow hunger kill am because e wan save?

Bottom line: Avoid women, nijabet, surebet, babaijebu, pool, like plague, cuz they can cost u not only ur money n savings but also ur life.

pesinfada:
u save 80% or re invest it?

That's my expenses target for the month. I only save/invest the 20%.

dualsurvey:
Nawa o, 1 lucky person out of every 20,000. How many people has won 1.3m in a year? How many people has played in a year? Do u even know if d winner of d 1.3m is one of their own? No life in gambling. Call a spade a spade.

gambling is risky i agree i agree but it only bcoms fun when u bet what u can afford to loose

abdulkayus:


Hahahahahahahahahahahahahahahaha, austinbrown y nah
Don't u know if u don't save, u wilk suffer more.

Michael LeBeouf in his book "The Millionaire in you" said it is what we save that will save us during perilous times.

Me and my savings are going into properties. Saving in a fixed deposit account with little or no interest is good for immediate needs

Nice write up... Beware of little expenses; a small leak will sink a great ship. -Benjamin Franklin

Djboosting:
If you still haven't gotten the lesson yet that you should be investing almost all the money you have, whether you're a wealthy gentleman or you're just starting into the world of making tons of money or creating wealth.

The majority of your money should be going into Two things :

1. Life Experience
2. Self investment (i.e. your own personal development)
If it is not going into one of those two things, then it's definitely not worth it.


The WORST place by the way you can be spending it, is on MATERIAL bullshit;
that is not going to increase your creativity and better Identity (E.g. 30k shoes, 59k Georgio Armani watch, 10k sunglasses, this k, that k .etc)

Here is the Fact. With an increase in income there is usually an increase in people's expenses. And by the time they are old they end up super dependent on pension because they have been doing a lot of spending ever since they got their first salary.

It's wrong. Very wrong.


But then, there is a formula for spending. I have mentioned it before here, but I have to repeat it. Christmas is around the corner now and spending rate is going to rise exponentially.
So here it is...

Here is the formula.

Save 10 % of your income or more first before you start spending the rest.

Don't spend before saving. Saving should come first.

Also, if you must spend make sure you have something paying for it. That is, you need an investment.

That's what your saving should be for.

Poor people save to spend on things that won't bring back money to them. But rich people, people who really understand how money works save so as to have money they can invest with.

That, too, should be your own strategy.


Best way to spend your income for proper effectiveness is..

1. Self investment - i.e. Reading good books, watching good movies of actors which u can model..etc..

2. Life experiences : traveling, workshops, live-performances of successful models, take the best courses, learning from the right people who are better than you ..etc.

Always increase your Personal value, be it your game, Influence, Status, your Health, whatever it is.
Because as your personal value increases, okay, NOT only will you attract more Success and more women, but you'll also attract more opportunities.

Because the world will tend to reward people who have High Personal Value.

Try this for 90days, I guarantee your life shifting from mediocre to SUCCESS.


I'm Djboosting..
Happy Harmattan.

Cc. Czar, lalasticlala ,dearpreye

U made small sense, but d written up r well established money principles. Nothing new jst repackaged info

anitank:
Saving 10% of your salary is same as saving after spending which is very wrong. I spend only 20% of my salary and save the other 80%

Please explain how you do it,putting feeding,transportation,housing and clothing into consideration?

anitank:
Saving 10% of your salary is same as saving after spending which is very wrong. I spend only 20% of my salary and save the other 80%

We are talking about men with responsibilities to shoulder here. 20% of 100K is 20K, you and I knows that, such amount count for nothing.

Chimaritoponcho:

gambling is risky i agree i agree but it only bcoms fun when u bet what u can afford to loose

When u put what u can afford to lose together, which has been chanelled into gambling in the space of one year, u realise that u can go a step further in life with this money, which has been pocketed by one trickish man @ d other end. no offence bro, that's my ideology.

anitank:
Saving 10% of your salary is same as saving after spending which is very wrong. I spend only 20% of my salary and save the other 80%

That is great and highly commendable, but you only do this for a while. I used to save and invest 80% of my income when I was single and still living with my parents between 1998 and 2001. The money invested during this period had grown geometrically.

abdulkayus:



True True. Bt guy, we still need them nah

We need them, but it is good to hang out with ladies who share our values and expectations about life.

Chimaritoponcho:

it has paid d lucky ones though cos i know a man dat won 1.3m last week

That is one in a thousand.