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N5 Million Cash Or A 100k Job? Help Him Decide - Career (14) - Nairaland

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Re: N5 Million Cash Or A 100k Job? Help Him Decide by lucky4west: 9:50am On May 11, 2020
pick ur millions, working for 100k monthly is slavery things can change tomorrow
Re: N5 Million Cash Or A 100k Job? Help Him Decide by dalass(f): 10:13am On May 11, 2020
steveneche:
Help My Friend Decide: 5million Or A 100k Job?

A friend of mine just got an offer from his late brother's company few months after his demise.

His late brother having been a prominent personality (head of finance) in the company he worked before he died, made the company to offer his younger brother my friend two options..

1. 5million naira cash or

2. a 100k job per month in the Same company.

we need your professional advice pls

If he's business minded and knows what he's doing, he should take the 5M.. If not, he should seek employment, 100k should be enough to take care of him
Re: N5 Million Cash Or A 100k Job? Help Him Decide by ecolime(m): 10:20am On May 11, 2020
espionagesavvy:
Even if you are paid 200k, in 5 years you might not be able to save up to 5million. Even if the salary is 200k, I will still take the 5 million..
Ordinary 200k.. I know lots of people that earn above 500k monthly and can't save up to 1M. It's not easy to save up oo
Re: N5 Million Cash Or A 100k Job? Help Him Decide by tosyne19(m): 10:23am On May 11, 2020
Where u borrow money I won borrow too№£[
ecolime:

Ordinary 200k.. I know lots of people that earn above 500k monthly and can't save up to 1M. It's not to save up oo
quote author=Gaggii post=89415882]

I borrow money buy corrola before lockdown....my debt is accumulating...pandemic no gree me use uber[/quote]
Re: N5 Million Cash Or A 100k Job? Help Him Decide by walexy06(m): 10:37am On May 11, 2020
Hmmm, you can't ask someone like me looking for that same 5m at the moment.

People are not seeing the bigger picture here.

5m is a saved money which at a start, no expenses is on it.

100k job will mean lots of things. If you are prudent enough to be saving 50k on a monthly basis from 100k income (not realistic due to unforeseen circumstances), it will take approximately 8.5yrs to save (not earn) 5m.

In as much as this offer is not restricting you from accepting other offers aside that of d company, believe me, you can achieve a lot with the 5m.
Don't even ask someone that is saving up to relocate out of the country this kind of question.

5m now is guaranteed, 100k from now is not.. Just look at how dem take sack people anyhow due to this unforeseen Coro period.
My brother, sit back and draw plans on the 5m. U can collect it and block the money in an account bfo u come up with better articulated plan. Even if e go take months to come up with one.

I need just 4m to quit my well satisfactory job. Comfort zone na set up o baba.

Peace Argentina

1 Like

Re: N5 Million Cash Or A 100k Job? Help Him Decide by usy309(m): 10:39am On May 11, 2020
It depends on ur mind...Collect 5m if you have Investments plan/ Enterpreneurship skill....otherwise go for the 100k u may have more peace of mind there...
Re: N5 Million Cash Or A 100k Job? Help Him Decide by shoprite: 10:44am On May 11, 2020
Your brother will need to work 4 years and 2 months to earn N5m . . .remember this does not mean that he will save N5m....his monthly spending will come from the N100k . . .rents, feeding, utilities etc . . .so don't even think about saving N5m in 5 years on a N100k pay. What's the guaranty that he will still have that job in the next 5 years with employers going on sacking spree every now and then. My advise . . .grab the N5m and have a chat with investment experts . . .Who knows, he can still get a job else where if he is not already employed while the investment rolls by the side.
Re: N5 Million Cash Or A 100k Job? Help Him Decide by QANNE(f): 11:02am On May 11, 2020
If his business sense then he should go for the money, but if not the job.
Re: N5 Million Cash Or A 100k Job? Help Him Decide by Exc2000: 11:12am On May 11, 2020
maaji:
abeg guy lets talk pls. See my number 08033644098 ir give me urs

ok 07033817779 whatsapp
Re: N5 Million Cash Or A 100k Job? Help Him Decide by Sarang(f): 11:13am On May 11, 2020
I’ll take the money
Re: N5 Million Cash Or A 100k Job? Help Him Decide by Gaggii: 11:14am On May 11, 2020
tosyne19:
Where u borrow money I won borrow too№£[ quote author=Gaggii post=89415882]

I borrow money buy corrola before lockdown....my debt is accumulating...pandemic no gree me use uber

Which biz u won do with this lockdown
Re: N5 Million Cash Or A 100k Job? Help Him Decide by Exc2000: 11:14am On May 11, 2020
tonididdy:

Bro business isn't always as imagined.
It has to be right and it.

sure in business you project your sales analysis positively, nobody accounts for covid 19 in there business plan, except know risk that you plan for through risk mitigation
Re: N5 Million Cash Or A 100k Job? Help Him Decide by deltateam: 11:14am On May 11, 2020
Herrickytee:
@deltateam i've been sending you mail but you have not been replying. It is concerning the btc stuff on your signature. I have gone a little bit far and i really need help. How do i contact you pls?

Drop your question or mention me elsewhere.
Re: N5 Million Cash Or A 100k Job? Help Him Decide by sodiqtijani80: 11:15am On May 11, 2020
shocked shocked
fykes:
5m in this period can buy lots of things...
Collect the money. Na only person who never work before will advise him to go for the job offer.
Take 5m if u don't know what to do, fix it for monthly return with a micorfinance or cooperative society.

Or better still start applying for Germany or Canada visa
Re: N5 Million Cash Or A 100k Job? Help Him Decide by Exc2000: 11:15am On May 11, 2020
yusufhaji:
whatsapp on 07033817779
Re: N5 Million Cash Or A 100k Job? Help Him Decide by Donclique(m): 11:16am On May 11, 2020
Fairview1:
This is the point where he has to choose between Job security and being an entrepreneur.

With 5Million naira, a savvy entrepreneur could find his way to becoming a multi millionaire in the next decade through commodity trading.

If your friend has interest to become a business person, tell him to go for the 5m but if he doesn't have flair for business, then sticking to the 100k job is an ideal option to choose.
My story: My boss settled me with 1.5m Naira for serving him for seven years, 2.5 years after my settlement, I have built my own house in the village, seeing three of my younger siblings through different Universities, enrolled myself in a distance learning program (NOUN), now own three different business outlets with investment in other fellow savvy entrepreneur's businesses, reaping monthly dividends on my investments.

There's no better way to spin around money faster than getting into trading business. TB, FX, mutual fund etc...can't offer that. Again, I repeat; if he has interest in business, advise him to go for the 5m. That may be the beat choice he will ever make all his life.
Please can you explain this trading business in details
Re: N5 Million Cash Or A 100k Job? Help Him Decide by adeyemiemma(m): 11:18am On May 11, 2020
phantom24:
Pls complete this phrase: A bird @ hand is better than a thousand....?


not a bird but a breast at hand is better than a thousand breast inside the bra

1 Like

Re: N5 Million Cash Or A 100k Job? Help Him Decide by adeyemiemma(m): 11:21am On May 11, 2020
collect the cash wheater u have a job or not collect cash........cos a breast at hand is better than a thousand breast inside the bra
Re: N5 Million Cash Or A 100k Job? Help Him Decide by teegeealiu: 11:28am On May 11, 2020
tonididdy:

... This is a good business for you know but there is no freaking way you would maintain a profit margin of 7k daily esp in the wet season.
That being said, so far you have no competition clearly... Wait until competition comes and it must.
In Nigeria to maintain a steady business margin as you claim, your services have to be unique ( scarce or skilled business) or you must have guarded monopoly.

Bro all am saying is business is not as easy as planned in the head.
I know you wondering which one of the picks I would go for...of course, the N5M. I am not one to take orders or wake up by the clock every morning. I love my freedom BUT instead of business, I would invest in landed properties


Businesses have their boom periods and I have planned for it too. I intend to add ice moulding to it to augment for the relapse in case of short fall in demand for chilled water. People must drink water you know and even in cold seasons, certain people still prefer chilled drinks.

Yes, there is competition but I beat them with price and availability of the product at all times. I have a cousin who supplies me water whenever I want so I have it all the time.

2 Likes

Re: N5 Million Cash Or A 100k Job? Help Him Decide by Abolajihowells2: 11:41am On May 11, 2020
Does the job have job security?
Take 5million and leave the country
Re: N5 Million Cash Or A 100k Job? Help Him Decide by khalids: 12:11pm On May 11, 2020
The answer will depend on the size of his brain (that is how intelligent and hardworking is he).
If he is good at the above, collect the 5M, if not just jejely collect the 100k job
Re: N5 Million Cash Or A 100k Job? Help Him Decide by Genniez(f): 12:57pm On May 11, 2020
phantom24:
Pls complete this phrase: A bird @ hand is better than a thousand....?
my dear i changed it to "A bird at hand is the only bird in the bush"..
Re: N5 Million Cash Or A 100k Job? Help Him Decide by yusufhaji(m): 12:58pm On May 11, 2020
[quote author=Exc2000 post=89409401]

Even a fool knows 5 million naira is the right option

with 5 million naira I will buy 2 Toyota Corrola and put it on uber / taxify and I will register with Jumia delivery partners like AIG logistic, i'll drive one and get a driver to drive the other one .. I bet you my monthly earning from jumia delivery + Uber + Taxify would exceed 500k a month after cost of vehicle depreciation, salary and vehicle mentainance, and every 6 months I would expand my fleet , and with a good comprehensive insurance premium of 80k-120k per anum, my investment are fvcking safe.. infact I might be tempted to pray for an accident or for the car to get stolen as I would get the cost of my car back as claims

but 100k running someones business where you don't have executive decisions or business decision is like cowardly placing your life In the hands of company directors that can fire you at anytime

Please bro we need to talk asap. I have mailed you
Re: N5 Million Cash Or A 100k Job? Help Him Decide by icankel: 12:58pm On May 11, 2020
Omo see question, 100k job? a Nigerian man can't ask such question. collect the money and start up a business or better still use like 1m and get urself well paid job in d country or outside. Even 1m can prepare u for 500k job within a small space of time

1 Like

Re: N5 Million Cash Or A 100k Job? Help Him Decide by Realtizzy(m): 1:02pm On May 11, 2020
He should take this 5mil but should be very careful when venturing into any business by ensuring he has vast knowledge of the business
Re: N5 Million Cash Or A 100k Job? Help Him Decide by bigtt76(f): 1:35pm On May 11, 2020
cheesy cheesy cheesy I like this response and I think its the best though.


ManOfSteel2:
A lump sum can only do go with an already mapped-out investment strategy that has been test-run and will most likely succeed.....

Only an investment savvy individual get to "pull weight" in an enclave littered with corruption amidst very bad economy!

If you are not a good risk taker like us,

ManOfSteel will advice you choose to make regular love with your bae for 10mins anytime you so desire, than choosing to have a one time sex romp of over 15hours, if such offer is made.
Re: N5 Million Cash Or A 100k Job? Help Him Decide by daniel56(m): 2:00pm On May 11, 2020
steveneche:
Help My Friend Decide: 5million Or A 100k Job?

A friend of mine just got an offer from his late brother's company few months after his demise.

His late brother having been a prominent personality (head of finance) in the company he worked before he died, made the company to offer his younger brother my friend two options..

1. 5million naira cash or

2. a 100k job per month in the Same company.

we need your professional advice pls
5 million
Re: N5 Million Cash Or A 100k Job? Help Him Decide by heartofcity12: 2:41pm On May 11, 2020
onoms4luv:
see them, destiny destroyers, una think say 5m na like 5m dollars, with the current situation of this country you won't be able to managed that fund properly to yield good result. my advice for you is to take the job and developed yourself.


forget wetin pole dey yarn here.

He can still get the 5million and find job elsewhere. Abi that place is the only place he can work ni?
Re: N5 Million Cash Or A 100k Job? Help Him Decide by heartofcity12: 2:47pm On May 11, 2020
drightguy:


What about the tendency that he gets dropped after some months due to the virus?
Just seeing this in another way.
Take the money if you want to be wealthy or take 100k and be rich.

None of those monies guarantees richness or wealth. He should just take the 5M and go find work somewhere else if he wants a salary job. Jobs, he can get... money, no one will give him free anywhere.

2 Likes

Re: N5 Million Cash Or A 100k Job? Help Him Decide by KristaPretty(f): 3:10pm On May 11, 2020
If he choses the 100k, he would spend 50months working to get the 5million which is staring at him which is about 4years plus.

Best advice is to take the 5million, secure an admission to study abroad (funding will not take up to that), get your work permit while schooling. After schooling opportunities come, you get your resident permit. Shikena

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