Babyvet:

Abeg park well, are you going to make heaven yourself ?

e pain ahm.

salford1:

This is the same reason why banks and other credit agencies usually consider only wages/income stated on job contract letter and would often ignore OT hours when granting credits like mortgages, loans, LOC etc. OT hours are not guaranteed.

Wow! I didn't know this.

You said it like it is. I had a savings target, i couldnt make it because my hours were cut. But you know something, i think the main reason i couldnt make much last year was also because i had to relocate provinces to go to school. Last year i worked only till july and then december and i still made 51k. Now i didnt say i saved 51k, i said i made. My wife made 22k just working
till july last year too. (we worked in the same company). Now supposing i didnt have to stop work and go to school, there would have been a possibility that i would have actually made up to 90k last year and adding my wife's income, we would have comfortably surpassed 100k last year. My overtime hours were cut at my main job last year, but i got another job working security for the Jewish congregation, that was how i was able to still make 51k in 7 months.Like i always say, and will always say, it is possible.Now as for saving 20k in 3 months, i will do it. I didn't say i will make, I will save 20k by the end of July. God willing.

salford1:

Your maths though. You have assumed the rate of $16 for 80 hours week. Depending on organization and whether staff is monthly or hourly, an hour above regular hours could be a time and half. Double time if a statutory holiday. Let's assume security (hourly staff) or most 12 hours per shift jobs are 48 hours per week as they usually work 4days on and 3 days off. That would mean regular hours ($16*48) + Overtime hours ($16*1.5*(80-48)) = weekly wage.

I believe OP made 100k as he posted his tax return, but he must have worked a crazy number of hours, including OTs and stats to achieve that figure. The savings is where it's abit grey. Making 100k a year is different from saving the amount he targeted a year. i.e. target of 120k savings within 2 years I believe. To be honest, op's savings target is very high and would be very hard to achieve even if OT hours were not cut. Not much is usually left to save after taxes, deductions, bills and expenses.

OP assumed he would continue to work several hours. Overtime hours are often capped by organizations. He actually later admitted in the thread that the company had cut hours, and the target was no longer realistic. This is the same reason why banks and other credit agencies usually consider only wages/income stated on job contract letter and would often ignore OT hours when granting credits like mortgages, loans, LOC etc. OT hours are not guaranteed.

Oya those of you that didnt believe this guy, I wont mention names, oya comma argue with the image oo.. Awon I too know lol. Atutupoyoyo, you have done so well. A lot of people because they cant achieve some things make it feel like it is unachievable. I hope they learn from you though.

atutupoyoyo2211:
You said it like it is. I had a savings target, i couldnt make it because my hours were cut. But you know something, i think the main reason i couldnt make much last year was also because i had to relocate provinces to go to school. Last year i worked only till july and then december and i still made 51k. Now i didnt say i saved 51k, i said i made. My wife made 22k just working
till july last year too. (we worked in the same company). Now supposing i didnt have to stop work and go to school, there would have been a possibility that i would have actually made up to 90k last year and adding my wife's income, we would have comfortably surpassed 100k last year. My overtime hours were cut at my main job last year, but i got another job working security for the Jewish congregation, that was how i was able to still make 51k in 7 months.Like i always say, and will always say, it is possible.Now as for saving 20k in 3 months, i will do it. I didn't say i will make, I will save 20k by the end of July. God willing.

atutupoyoyo2211:
You said it like it is. I had a savings target, i couldnt make it because my hours were cut. But you know something, i think the main reason i couldnt make much last year was also because i had to relocate provinces to go to school. Last year i worked only till july and then december and i still made 51k. Now i didnt say i saved 51k, i said i made. My wife made 22k just working
till july last year too. (we worked in the same company). Now supposing i didnt have to stop work and go to school, there would have been a possibility that i would have actually made up to 90k last year and adding my wife's income, we would have comfortably surpassed 100k last year. My overtime hours were cut at my main job last year, but i got another job working security for the Jewish congregation, that was how i was able to still make 51k in 7 months.Like i always say, and will always say, it is possible.Now as for saving 20k in 3 months, i will do it. I didn't say i will make, I will save 20k by the end of July. God willing.

Welldone. You do not even need to show your tax returns. There would always be naysayers whatever you do. Just keep on setting your targets and focus on achieving it..Once you are done with your IT program, the savings would also become easier to achieve in a shorter time.

SlowlybtSurely:


Wow! I didn't know this.

Risk mitigation. Banks would want the employer to state in writing that the OT hours are guaranteed and will also continue, but what employer would be willing to do that, especially if it's a structured organization. When I applied, the bank won't even consider a fixed yearly bonus I receive from work. They only went by the contract and a letter from work stating my basic yearly income.
It's actually a good thing as it also protects the borrower from biting more than he/she can chew.

salford1:

Risk mitigation. Banks would want the employer to state in writing that the OT hours are guaranteed and will also continue, but what employer would be willing to do that, especially if it's a structured organization.
It's actually a good thing as it also protects the borrower from biting more than he/she can chew.

I agree.

salford1:

Truck driving jobs are not hard to find. You would however need a class 1 license which can cost upwards of $5000 (extensive training and licensing) to obtain one. It's an hard job though. Sitting down for hours and long-distance travels.

I would not recommend this job or any driving job for that matter to anyone, unless you are driving just in the summer. Driving any other time is not safe cause of slippery roads during bad weather. Money is good but not at the expense of risking my life (look up statistics on car accidents and related deaths). Unless I'm driving to work (which is scary cause your car can just step on black ice from no where and bam you are lucky if you lose just the car and not your life), I am not driving.

I live 8 minutes walk away from one job so I take the bus. The other job which is half hour drive away, I drive cause I have no choice (buses don't go there). My point is, find another job that would pay you rather than risking your life every day on the road.

atutupoyoyo2211:
You said it like it is. I had a savings target, i couldnt make it because my hours were cut.

salford1:

There would always be naysayers whatever you do. Just keep on setting your targets and focus on achieving it.

Always. Well done to the OP; your resilience to the numerous doubters and attacks is admirable.

Keep doing you, share whatever info you want to share as a guide to others. You don't need to prove anything to anyone. Like we say in Naija, ''Who no go, no know". Firsthand experience usually trumps any other.

Mizwisdom:



They lie mostly to make themselves feel good. All those so called rich Nigerians earning six figures easily in America nobody knows them here, how come?

Bases on your previous comments and now this, I must say you sound really bitter and pained. Who hurt you? Life? Pele (sorry)

Mizwisdom:



So she has over $100,000 just sitting in her account? if she worked hard for that type of money she won't just leave it sitting around like that, what for? something is not adding up

Madam, I have more than 100,000 Canadian dollars, yes just sitting idle in my account. Not everybody is ready to invest their money into a business. It is all about the right timing; when opportunity meets preparedness. Abeg let us argue here with sense.

Nnamz:

Madam, I have more than 100,000 Canadian dollars, yes just sitting idle in my account. Not everybody is ready to invest their money into a business. It is all about the right timing; when opportunity meets preparedness. Abeg let us argue here with sense.

I don't believe you.

Mizwisdom:



I don't believe you.

Nne I don dey Canada seven years now. If I no get chicken 100k for my account by now, na wetin I gain na? Might as well give into my father's demands to come to Nigeria and run his business. Keep in mind though that every penny I have now is from my long continuous hours of hard work cause I know you will try to spin it that na papa give me my money

Nnamz:

I would not recommend this job or any driving job for that matter to anyone, unless you are driving just in the summer. Driving any other time is not safe cause of slippery roads during bad weather. Money is good but not at the expense of risking my life (look up statistics on car accidents and related deaths). Unless I'm driving to work (which is scary cause your car can just step on black ice from no where and bam you are lucky if you lose just the car and not your life), I am not driving.

I live 8 minutes walk away from one job so I take the bus. The other job which is half hour drive away, I drive cause I have no choice (buses don't go there). My point is, find another job that would pay you rather than risking your life every day on the road.

Grocery stores need to replenish their stocks, posts needs to get delivered, equipment needs to be transported from coast to coast etc. Somebody's got to do it. I believe delivery drivers minimize their risk by being in the know of weather and road conditions.

Every job as it's own risks. To some it's working in an high voltage environment (I use to do this and driving was the least of my worries despite hitting black ice twice in my official F150 ford,one of which I ended in the ditch). Some work in an infectious disease, ICU or emergency units in hospitals, even policemen, law enforcements, factory workers etc all have risks etc. Those who take on trucking/delivery jobs must have given the idea a good thought as well. I can't really speak for them.

Bro., U get time sha. she wants you also to upload your savings. Always resist the urge to shalaye (Explain)

Nnamz:

Nne I don dey Canada seven years now. If I no get chicken 100k for my account by now, na wetin I gain na? Might as well give into my father's demands to come to Nigeria and run his business. Keep in mind though that every penny I have now is from my long continuous hours of hard work cause I know you will try to spin it that na papa give me my money

salford1:

Grocery stores need to replenish their stocks, posts needs to get delivered, equipment needs to be transported from coast to coast etc. Somebody's got to do it. I believe delivery drivers minimize their risk by being in the know of weather and road conditions.

Every job as it's own risks. To some it's working in an high voltage environment (I use to do this and driving was the least of my worries despite hitting black ice twice in my official F150 ford,one of which I ended in the ditch). Some work in an infectious disease, ICU or emergency units in hospitals, even policemen, law enforcements, factory workers etc all have risks etc. Those who take on trucking/delivery jobs must have given the idea a good thought as well. I can't really speak for them.

And the country needs soldiers to fight boko haram to keep you safe but you no wan join army, so what's your point? Shift go one side abeg lol

Babyvet:


Well their so called saving should come in handy this coronavirus season.

You're funny. Inbox me jor make we yarn

salford1:

Yes. The Canadian government is actually more generous. Qualified people laid off due to Covid would get $2k for 4months from the federal gov. Provincial governments also have I believe one time payments from around $800 to $1200. I believe they are topping up child benefits parents too.
Over 1.6m people have already applied for EI just last week. The $2k is to prevent people from overwhelming the EI application system in place. The system wasn't built for an enormous amount of job loss.

2k per month o. Before they come after your head lol

sunnipappy:
I’m in need of a travel agent who can assure me of get ting a Canadian visa

And you think that agent who will assure you won't japa out of naija if he/she can? Better no let anyone use your money as palliative.

Savagethe21st:
pls do they offer you 10yrs visa bcus u are from canada? If not what are the requirements

As a Canadian PR, if you want to visit USA, u will be given 10yrs straight up. Reason why they give atutupoyoyo

Nnamz:

I saved 19,000 Canadian Dollars in 8 months working minimum wage jobs, before gladfully I got out of minimum wage jobs. I hope you were exaggerating, other wise you just think the people on Nairaland are stupid cause we are Nigerians.

I guess d 19k is after tax deduction and all other expenses (all bills)?

Nnamz:

2k per month o. Before they come after your head lol

I think it works around to just over $12 per hour of FT employment. It is survival money.

Nnamz:

And the country needs soldiers to fight boko haram to keep you safe but you no wan join army, so what's your point? Shift go one side abeg lol

My point is that the economy must keep moving and money must be made
If the pay is right and they kit me up with proper equipment and PPEs. I fit consider am.

Exmay02:


As a Canadian PR, if you want to visit USA, u will be given 10yrs straight up. Reason why they give atutupoyoyo

It's almost automatic If one qualifies. Chances are higher once the applicant can prove that he/she has a stable job or has sort of commitment to make them return to Canada, else they can reject application.

Although I dont live in canada, no menial work at 18$ per hour can give someone $100,000 in a year even if the person is working 13 hours per day.

I dont understand this thread from begning to end. You guys in canada are not telling the reality of the situation there.

Exmay02:


I guess d 19k is after tax deduction and all other expenses (all bills)?

Emphasis on saved lmaoo. In layman's terms, the money was in my bank account

Nnamz:

You're funny. Inbox me jor make we yarn

What is your occupation , since you said you saved $100,000 cad .

salford1:



My point is that the economy must keep moving and money must be made
If the pay is right and they kit me up with proper equipment and PPEs. I fit consider am.

Lmaooo you're referring to Canadian army abi? Cause Buhari no go kit anybody up o with P, not to talk of PPE. I hail sha. Wehdone sir. Stay safe

Babyvet:


What is your occupation , since you said you saved $100,000 cad .

My dear it's not about what you do, but how good you are in saving. My saving game is solid because I don't spend money anyhow. Food and rent and phone bill. The rest goes into savings. 70-80% of my paycheck is what I save

Nnamz:

My dear it's not about what you do, but how good you are in saving. My saving game is solid because I don't spend money anyhow. Food and rent and phone bill. The rest goes into savings. 70-80% of my paycheck is what I save

Yea , but your earnings matter a lot.

Nnamz:

My dear it's not about what you do, but how good you are in saving. My saving game is solid because I don't spend money anyhow. Food and rent and phone bill. The rest goes into savings. 70-80% of my paycheck is what I save

Pls what s the average rent of a two bedroom in downtown Ontario and many other less commercialized cities?

Luckybelt:

Pls what s the average rent of a two bedroom in downtown Ontario and many other less commercialized cities?

google it. Or check kijiji.com na.

What advice would you give to someone coming to Canada on Masters program with school fees and rent settled with extra 35,000 Canadian dollars?
Is it possible to do biz with that money in Canada?

Luckybelt:

Pls what s the average rent of a two bedroom in downtown Ontario and many other less commercialized cities?

A 2 bedroom condo in downtown Toronto will be between $2,800 to $4,000 per month, depending on available facilities.

It's cheaper in other cities except Vancouver which is comparable to Toronto.