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Why You Need To Find A 2nd Source Of Income After Your Salary - Career (2) - Nairaland

Nairaland ForumNairaland GeneralCareerWhy You Need To Find A 2nd Source Of Income After Your Salary (19118 Views)

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Re: Why You Need To Find A 2nd Source Of Income After Your Salary by Nobody: 3:55pm On May 26, 2018
grin
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by jaychubi: 3:57pm On May 26, 2018
Go carry Liverpool to win Madrid via bet9ja n enjoy
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by millionboi2: 3:57pm On May 26, 2018
ednut1:
I tried to make bet9ja my second stream of income. After 6 months am like
instead

Re: Why You Need To Find A 2nd Source Of Income After Your Salary by thatigboman: 4:06pm On May 26, 2018
Op, your post is very misleading.
I work for a government parastatal.
To start with. The job is a full time job. You are not expected to engage in any other income generating business while working for government, except agriculture. I know a couple of my colleagues that have been sacked for conflict of interest.
The salary you say that is 30,000 is not the full picture. Some allowances are paid upfront. And there are deductions like tax and pension in the monthly salary before they arrive at the 30,000.
And what about benefits like free medical? Those doing menial jobs can save all the money and one day spend it all in a hospital when they or their family members fall sick. While my family and I walk into good hospitals, get treated and just sign their paper.
And i tell u, if work for government long enough and truly rise in the system, you will get comformtable and really very comfortable.
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by emelda86(f): 4:08pm On May 26, 2018
Thank God Im trading a wise path...
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by ufuosman(m): 4:09pm On May 26, 2018
Opinionated:
Divide your salary by 30 days and see what you get (i.e. the number of days in a month and see the funny thing about your salary plan).

For example, an average level-12 worker in the state government civil service earns N60,000.

And this translates to N 60,000÷30= N 2,000 every day. This is less than the amount made daily by an average hawker in the city.

A freshly employed graduate banker in most Nigerian banks earns an average of N120,000 monthly.

So every day, you get N120,000÷30= N4,000 as the daily value for your work-life. By implication, this is less than the amount earned daily by an average driver in the city and in some villages.

If you are a fresh graduate employee in some oil companies, you earn an average of N300,000 monthly. So in a day your work-value is N300,000 ÷ 30= N10,000

This is less than the daily amount earned by an irrigation farmer supplying vegetables to Lagos markets, a tipper driver supplying sand for three block industries and construction sites just 3 times a day and drivers of Dangote trucks who have bought-off the trucks at scrap value and are using them to convey products between villages and the cities for just five business owners.

Hope by now, it is sinking in, right?

And when there is an issue in the family that requires financial assistance, the drivers, hawkers and the rest are looking up to you with a white collar job.

If you are an NYSC member, you don’t need to be told that:

N19,800÷30 = N660 is your worth on a daily basis.

I hope you know that pure water sellers who own a shop, a pepper soup joint and a small Toyota Corolla car to distribute pure water to five restaurants earn more than you and wheel-barrow pushers working on contract for three warehouses probably make more money than you each day.

Wake up and be more productive. We should be more proactive, create room for more income and strive to diversify our streams of income.

The earlier you wake up and smell the coffee, the better for you.

Someone right now will say this analysis is too ideal to be true but take your time and do it, you will grasp the crux!

Stop waiting for the government to feed you, feed yourself and help the government feed others. That is where we are in this age.

Source: Why You Need to Find a 2nd Source of Income after your Salary
Nice one
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by ufuosman(m): 4:11pm On May 26, 2018
Buffalowings3:
Op is crazy
I thought the link will be about the steps i need to take to start counting millions
The fucker is looking for visitors to his site for monetary gain sad angry
You need to start for somewhere
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by ufuosman(m): 4:12pm On May 26, 2018
Lovely write up
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by lonelydora: 4:14pm On May 26, 2018
Opinionated:
Divide your salary by 30 days and see what you get (i.e. the number of days in a month and see the funny thing about your salary plan).

For example, an average level-12 worker in the state government civil service earns N60,000.

And this translates to N 60,000÷30= N 2,000 every day. This is less than the amount made daily by an average hawker in the city.

A freshly employed graduate banker in most Nigerian banks earns an average of N120,000 monthly.

So every day, you get N120,000÷30= N4,000 as the daily value for your work-life. By implication, this is less than the amount earned daily by an average driver in the city and in some villages.

If you are a fresh graduate employee in some oil companies, you earn an average of N300,000 monthly. So in a day your work-value is N300,000 ÷ 30= N10,000

This is less than the daily amount earned by an irrigation farmer supplying vegetables to Lagos markets, a tipper driver supplying sand for three block industries and construction sites just 3 times a day and drivers of Dangote trucks who have bought-off the trucks at scrap value and are using them to convey products between villages and the cities for just five business owners.

Hope by now, it is sinking in, right?

And when there is an issue in the family that requires financial assistance, the drivers, hawkers and the rest are looking up to you with a white collar job.

If you are an NYSC member, you don’t need to be told that:

N19,800÷30 = N660 is your worth on a daily basis.

I hope you know that pure water sellers who own a shop, a pepper soup joint and a small Toyota Corolla car to distribute pure water to five restaurants earn more than you and wheel-barrow pushers working on contract for three warehouses probably make more money than you each day.

Wake up and be more productive. We should be more proactive, create room for more income and strive to diversify our streams of income.

The earlier you wake up and smell the coffee, the better for you.

Someone right now will say this analysis is too ideal to be true but take your time and do it, you will grasp the crux!

Stop waiting for the government to feed you, feed yourself and help the government feed others. That is where we are in this age.

Source: Why You Need to Find a 2nd Source of Income after your Salary
I disagree on the oil Worker salary. Total, NLNG, Shell, Chevron, etc earns more than that. Multinational oil servicing worker earn about 300k consolidated salary, but when you add other allowances it goes up. I'm not taking about contract staffs parading as permanent staffs.


Nice write up Op. This is the reason i resigned from my job last year and fully into business. I am making almost 3x of what i was earning in a month. NB: I was doing a nice job
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by Rainmaker69(m): 4:17pm On May 26, 2018
Opinionated:
Divide your salary by 30 days and see what you get (i.e. the number of days in a month and see the funny thing about your salary plan).
This is such a silly and simplistic analysis.
Your salary is not a reflection of what you are worth. Young Nigerians should work to increase capacity and increase pay, thats how it works.
If you divide your output, you wear yourself thin. That's why Nigerians are where we are today. Nobody is satisfied with their work.
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by mapist(m): 4:27pm On May 26, 2018
Opinionated:
Divide your salary by 30 days and see what you get (i.e. the number of days in a month and see the funny thing about your salary plan).

For example, an average level-12 worker in the state government civil service earns N60,000.

And this translates to N 60,000÷30= N 2,000 every day. This is less than the amount made daily by an average hawker in the city.

A freshly employed graduate banker in most Nigerian banks earns an average of N120,000 monthly.

So every day, you get N120,000÷30= N4,000 as the daily value for your work-life. By implication, this is less than the amount earned daily by an average driver in the city and in some villages.

If you are a fresh graduate employee in some oil companies, you earn an average of N300,000 monthly. So in a day your work-value is N300,000 ÷ 30= N10,000

This is less than the daily amount earned by an irrigation farmer supplying vegetables to Lagos markets, a tipper driver supplying sand for three block industries and construction sites just 3 times a day and drivers of Dangote trucks who have bought-off the trucks at scrap value and are using them to convey products between villages and the cities for just five business owners.

Hope by now, it is sinking in, right?

And when there is an issue in the family that requires financial assistance, the drivers, hawkers and the rest are looking up to you with a white collar job.

If you are an NYSC member, you don’t need to be told that:

N19,800÷30 = N660 is your worth on a daily basis.

I hope you know that pure water sellers who own a shop, a pepper soup joint and a small Toyota Corolla car to distribute pure water to five restaurants earn more than you and wheel-barrow pushers working on contract for three warehouses probably make more money than you each day.

Wake up and be more productive. We should be more proactive, create room for more income and strive to diversify our streams of income.

The earlier you wake up and smell the coffee, the better for you.

Someone right now will say this analysis is too ideal to be true but take your time and do it, you will grasp the crux!

Stop waiting for the government to feed you, feed yourself and help the government feed others. That is where we are in this age.

Source: Why You Need to Find a 2nd Source of Income after your Salary
Average Lagos hawker makes more than 2k daily? Are you talking about his revenue or net gain after cost of goods sold must have been deducted? If it is the later, you are WRONG. Not even sachet water that has a high turnover will give you that.

Furthermore, if you take out UBA, Zenith and maybe Skye bank due to their recent problems, no bank pays an Executive Trainee/Graduate Trainee/Entry Level, Full Staff cadre 120k. We all know the importance of getting multiple sources of income. However, if you must educate us on it's importance, please take the pain to do a good research so as not to mislead people.
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by CuteMaro(m): 4:28pm On May 26, 2018
KIDfurniture:
I m touched... Well, i m not a salary earner but this one really moved my heart oh..


some of us have never done salary job since we finished NYSC.. even the NYSC.. i had to let someone take it so i can return to my real hustle in my state of Origin.. lol. Thanks to God for the journey so far.. Its been God oh.. while some of us made it Big time through NYSC platform.. while some spent their allaweeee on girls and drinks... today their are submitting CVs every where.. while some left the country and made it big while some can't even return to Nigeria because of shame.. This life ehh... God continue to show us mercy and grace..
I am quite interested in how you were able to manage make it Big. I am currently serving now and although i have got like 2 extra side hustles, i need more.
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by highrank(m): 4:36pm On May 26, 2018
To be self employed is the answer. Don't procrastinate ,start today check www.excellentwealthsolution.com to start your own business.
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by MetalJigsaw(m): 4:40pm On May 26, 2018
Opinionated:
Divide your salary by 30 days and see what you get (i.e. the number of days in a month and see the funny thing about your salary plan).

For example, an average level-12 worker in the state government civil service earns N60,000.

And this translates to N 60,000÷30= N 2,000 every day. This is less than the amount made daily by an average hawker in the city.

A freshly employed graduate banker in most Nigerian banks earns an average of N120,000 monthly.

So every day, you get N120,000÷30= N4,000 as the daily value for your work-life. By implication, this is less than the amount earned daily by an average driver in the city and in some villages.

If you are a fresh graduate employee in some oil companies, you earn an average of N300,000 monthly. So in a day your work-value is N300,000 ÷ 30= N10,000

This is less than the daily amount earned by an irrigation farmer supplying vegetables to Lagos markets, a tipper driver supplying sand for three block industries and construction sites just 3 times a day and drivers of Dangote trucks who have bought-off the trucks at scrap value and are using them to convey products between villages and the cities for just five business owners.

Hope by now, it is sinking in, right?

And when there is an issue in the family that requires financial assistance, the drivers, hawkers and the rest are looking up to you with a white collar job.

If you are an NYSC member, you don’t need to be told that:

N19,800÷30 = N660 is your worth on a daily basis.

I hope you know that pure water sellers who own a shop, a pepper soup joint and a small Toyota Corolla car to distribute pure water to five restaurants earn more than you and wheel-barrow pushers working on contract for three warehouses probably make more money than you each day.

Wake up and be more productive. We should be more proactive, create room for more income and strive to diversify our streams of income.

The earlier you wake up and smell the coffee, the better for you.

Someone right now will say this analysis is too ideal to be true but take your time and do it, you will grasp the crux!

Stop waiting for the government to feed you, feed yourself and help the government feed others. That is where we are in this age.

Source: Why You Need to Find a 2nd Source of Income after your Salary
You're a wonderful and wise person. May God bless you with more wisdom and knowledge.
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by mapist(m): 4:42pm On May 26, 2018
ritalori2:
this writeup is so apt! Different syreams of income makes one relax in the long run. At this age cashing in on the internet advantage millions are online take advantage of any sustsinable online budiness stop being sceptical and missing out on opportunities.

Check my signature for a simple application to use earn online.
Apt? Lol. The write up lacks basic statistics. Perhaps he forgot the hawker has to recover the cost of goods sold before he can say he has made money; the farmer also has to recover all costs incurred in growing his crops before he can talk about net gain likewise the driver. You dont look at how much they are with at the end of the day. You need to consider the costs they incured in keeping their machines up. Someone repairs a vehicle with 25k within a week and also makes 30k within that same week. Would you say he earns more than a salary earner whose only cost is cost of transportation and that is not to mention the health implications of such jobs.
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by zoeA: 4:42pm On May 26, 2018
I can help u with a secondary income source... WhatsApp 08179176060... Serious and trustworthy people only
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by MetalJigsaw(m): 4:42pm On May 26, 2018
ritalori2:
this writeup is so apt! Different syreams of income makes one relax in the long run. At this age cashing in on the internet advantage millions are online take advantage of any sustsinable online budiness stop being sceptical and missing out on opportunities.

Check my signature for a simple application to use earn online.
I love ladies like you with smart business ideas.
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by MetalJigsaw(m): 4:44pm On May 26, 2018
ednut1:
I tried to make bet9ja my second stream of income. After 6 months am like
eeyah sorry bro. Business is good
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by MetalJigsaw(m): 4:44pm On May 26, 2018
SaAbbas:
Most of the salary earners have little or no time to run a business.

All the above example you mention spend almost 12-15hrs to get the daily incomes.
So what are you saying?
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by chukzyfcbb:
This is what I want to say, according to Robert Kiyosaki in the cash flow quadrant.

there are 4 sets of people
E- employed
S - Self employed (business that needs your attention actively to survive)
B - Business owner (business that has developed a model that can stand on its own even without your presence)
I - Investor

The E and
S are in the left quadrant, these guys are the ones struggling daily to met up

The B and
I are where the big boys are, that's where you can earn financial freedom.
so he tells people to try and switch into the B or I sector if you must live a stress free live

Now what am I driving at,
Yes you may earn 60,000naira as a employee, try to have a footing into the Investor quadrant, where you invest into something and it reaps fruit for you.

Most importantly, invest in yourself. I have a friend who was working for 10years, he didn't improve himself, no additional professional training or certificate until he got sacked and reality dawned on him.

Nobody can take away Investment in yourself, advance in yourself take up training, attend seminar, get more professional certfs/skills and
Your 60K salary will be a thing of the past. Then you can use your expertise to start up a business that can stand on itself rendering services not the garbage OP is advising (sell pants or bra or this or that)

A doctor can be an employee with a govt hospitals same time acting as a consultant, also has his own hospital (Business owner) and Invest money in properties (Investor). He has legs in all quadrants.


Don't be in a hurry to take your salary and start opening a shop for the sake of second income. First Invest in yourself, Your shop can be taken away by the Govt, or Duped by fraudsters but the Investment you make in yourself will last forever!
Re: Why You Need To Find A 2nd Source Of Income After Your Salary by Adiwana: 4:54pm On May 26, 2018
thatigboman:
Op, your post is very misleading.
I work for a government parastatal.
To start with. The job is a full time job. You are not expected to engage in any other income generating business while working for government, except agriculture. I know a couple of my colleagues that have been sacked for conflict of interest.
The salary you say that is 30,000 is not the full picture. Some allowances are paid upfront. And there are deductions like tax and pension in the monthly salary before they arrive at the 30,000.
And what about benefits like free medical? Those doing menial jobs can save all the money and one day spend it all in a hospital when they or their family members fall sick. While my family and I walk into good hospitals, get treated and just sign their paper.
And i tell u, if work for government long enough and truly rise in the system, you will get comformtable and really very comfortable.
What Government jobs do for you is giving you relative comfort at most but not that comfort you want.And this comes after years of dedication.As in most cases do not come until after 10yrs of active service if we are to go by Avg Nigerian analysis.Know with the same amount of effort put into serving the govt. If such was to be put serving yourself in a decade,where you will be financially.The only advantage of Govt. job is SECURITY which is not 100%.At the end of the day,you are stuck in a place and they dictate how you move and career growth.So while it is a civil service rule not to have other things running,its at the same arm length the reason why Nigeria do not have a middle class and reason the society is where it is.
1 2 3 Reply

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