What Can One Do With N42k Salary? - Career (2) - Nairaland
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| Re: What Can One Do With N42k Salary? by FrankTalk1: 3:10pm On Sep 18, 2018 |
Hmmmm It's a low income, but you can grow that money and even become better than those who earn far more than you with time. Save AT LEAST 10% or let's say between 5k to 10k from the money monthly and keep investing it in a mutual fund. The Nigerian mutual fund currently yield an average of 11% P.A. See HOW TO INVEST IN THE NIGERIAN MUTUAL FUND AND GROW YOU MONEY. God willing, you could get a more paying job or get promoted. You could still consider doing some side hustle that wouldn't affect your job. Also, you may decide to get full time into a business of your own when you have saved up some sizable amount of money. ( Optionally ) SEE SOME SIDE HUSTLES YOU CAN DO. Don't worry, just be patient and keep being diligent with your job, and in no distant time, all will be well. |
| Re: What Can One Do With N42k Salary? by Tolzeal(m): 3:11pm On Sep 18, 2018 |
Would you be paying for transportation as well from the pay ? what's your daily TP like ? There are quite large number of things to set aside before making up a conclusion |
| Re: What Can One Do With N42k Salary? by Livefreeordieha(m): 3:11pm On Sep 18, 2018 |
Andhominem:good.. Abi e should just assume he is on 32k..Chei buh life go hard dix man like diz oo..Make God uplift u my brother..Amen.. |
| Re: What Can One Do With N42k Salary? by Newboss(m): 3:12pm On Sep 18, 2018 |
Take it from the annual view, then you will see how to use saving as a tool to live big on nothing  42k per month is 504k per annum. Make sure your rent is not above 150k per year. Open an account for rent and transfer 12,500 Naira to that every month for your rent. Spend the rest as you wish. The main thing is to ensure your accommodation is guaranteed 3 Likes |
| Re: What Can One Do With N42k Salary? by Nobody: 3:12pm On Sep 18, 2018 |
42k salary... It's plenty money sha. Use it and play betnaija 1 Like |
| Re: What Can One Do With N42k Salary? by McBrooklyn(m): 3:13pm On Sep 18, 2018 |
Buy house, buy private jet, buy motor, buy land... |
| Re: What Can One Do With N42k Salary? by Nobody: 3:13pm On Sep 18, 2018 |
PRINCEVICKEY:your graduate friend is roofing his house from a meagre 35k earning? He must have another cool source of income you know nothing about. ............ @Op.. 42k isn't bad, yet not good enough. Bills would come, sort only in the order of priority. You can't completely get over with this. Never take a Loan! Cut your expenses according to your salary. Make sure to save at least 2k every month. 7 Likes |
| Re: What Can One Do With N42k Salary? by Thebwoy: 3:14pm On Sep 18, 2018 |
3odd game |
| Re: What Can One Do With N42k Salary? by Frankiss44(m): 3:14pm On Sep 18, 2018 |
PRINCEVICKEY: You know your friend didn't roof that house with 35k salary Sha? Did he tell you what he was doing with his spare time? 1 Like |
| Re: What Can One Do With N42k Salary? by bigcasava1(m): 3:14pm On Sep 18, 2018 |
spend it on bear bear bank 1 Like |
| Re: What Can One Do With N42k Salary? by Frankiss44(m): 3:14pm On Sep 18, 2018 |
Thebwoy:One cold Origin bros |
| Re: What Can One Do With N42k Salary? by Vivapros(m): 3:14pm On Sep 18, 2018 |
billionaires are not made by been billions or millions so My point is that check your scale of preference. Start from number one start saving at least 10% of your income or better still open pig savings in your households |
| Re: What Can One Do With N42k Salary? by Originality007: 3:14pm On Sep 18, 2018 |
| Re: What Can One Do With N42k Salary? by basseyurom(m): 3:15pm On Sep 18, 2018 |
Some factors such as;proximity to your work place,flexible timings,your choice of accommodation and spending habit would play a key role in you savings.My opinion though |
| Re: What Can One Do With N42k Salary? by bigocean(m): 3:15pm On Sep 18, 2018 |
asdfjklhaha:sheeple! |
| Re: What Can One Do With N42k Salary? by Nobody: 3:16pm On Sep 18, 2018 |
dont totally depend on dat 42k |
| Re: What Can One Do With N42k Salary? by Edwinks: 3:17pm On Sep 18, 2018 |
PRINCEVICKEY:You never can tell , you could have more liabilities than he does, plus the op said he has only 42k, i don't think he meant it as his monthly earning... 1 Like |
| Re: What Can One Do With N42k Salary? by Centcanada: 3:17pm On Sep 18, 2018 |
Start phone charging that if your area doesn't have light. But if your area has light, start to manage it. |
| Re: What Can One Do With N42k Salary? by Nobody: 3:17pm On Sep 18, 2018 |
asdfjklhaha:.. 1 Like
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| Re: What Can One Do With N42k Salary? by Newboss(m): 3:17pm On Sep 18, 2018 |
zinnyzee:Bros, change that moniker to 'm' moniker. |
| Re: What Can One Do With N42k Salary? by KingAzari: 3:17pm On Sep 18, 2018 |
BigbamoAYO: Beer and more beer. And make it trophy beer.... You are welcome.
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| Re: What Can One Do With N42k Salary? by rOsy247(f): 3:17pm On Sep 18, 2018 |
Do a budget to minimise expenses. Twill help you a lot. |
| Re: What Can One Do With N42k Salary? by Nobody: 3:19pm On Sep 18, 2018 |
BigbamoAYO:bro if there's vacant let me know I need something doing badly, hunger has dealt with me plz |
| Re: What Can One Do With N42k Salary? by Curry30: 3:20pm On Sep 18, 2018 |
BigbamoAYO: Play 2 sure odds every weekend with 20k. By the months end you'll double your salary. Bloody truth bro but don't take me serious  |
| Re: What Can One Do With N42k Salary? by franzis(m): 3:20pm On Sep 18, 2018 |
Nothing stops you from saving at least 10k from that money monthly, if u are single , living alone or ur family don't depend totally on you |
| Re: What Can One Do With N42k Salary? by AdorableJosh(m): 3:21pm On Sep 18, 2018 |
PRINCEVICKEY: This is hard to believe, I don't think it's possible with that paltry salary with the situation of things presently in this country, must have another source of income. |
| Re: What Can One Do With N42k Salary? by Newboss(m): 3:21pm On Sep 18, 2018 |
inoki247:Yes, you can. It sure works! |
| Re: What Can One Do With N42k Salary? by ola2914: 3:21pm On Sep 18, 2018 |
It's Lagos 53 Likes
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| Re: What Can One Do With N42k Salary? by BigbamoAYO(m): 3:22pm On Sep 18, 2018 |
BruncleZuma:LAGOS,Condition rice,72k per yr,3,500, I support my family |
| Re: What Can One Do With N42k Salary? by bigtt76(f): 3:22pm On Sep 18, 2018 |
Make a list of your bills for example 1. Are you subscribed to DSTV? 2. How much do you spend on mobile data and calls per month? 3. How much do you spend on transportation to and fro work? 4. How much do you spend on church (tithes etc) 5. How much for feeding per month (do you buy foodstuff enbulk or need to eat basis) Advice 1. Pay yourself a fixed amount monthly and save it for emergency 2. Cut down cost on frivolities 3. Sign up to investments apps that does auto debit monthly 4. Buy foodstuff enbulk if you can 5. Avoid parties or eating out I'm sure if you do this for a year you might get a saving of at least N100k in a year  BigbamoAYO: 3 Likes 1 Share |
| Re: What Can One Do With N42k Salary? by Emusan(m): 3:22pm On Sep 18, 2018 |
BigbamoAYO: Throw the job away, go and join UBER! Thank me later 1 Like |
| Re: What Can One Do With N42k Salary? by eklassical(m): 3:23pm On Sep 18, 2018 |
use your free time to learn how to use social media for business, learn few digital marketing courses... start your social media agency in 3 months, and sign up to handle clients social media pages for a retainer for as low as 50k per month. get 3 clients and in a few months you will resign from that 42k job... my 2 cents. i have seen it work! 1 Like |
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