Salem92:
I'll rather take 450k in 9ja than travel abroad for higher pay. Racial violence and high cost of leaving overseas should be put into consideration. I'll create my own paradise in a desolate land.

fairfora:
Tell him loudly.

I paid N200k equivalent every month as rent while living overseas ( US to be precise)and that was btw mid and late 2000s. My friends back home were paying half of that yearly in a fairly good location in lagos as rent. No place like Nigeria. He would would live large with that money and package as a single guy.

Goodvibes007:

He said only a bit. The money, status and privilege that comes with his senior position in Nigeria. It could be hard for some people to adjust. However, he is happy that his kids are growing up in a functional society.

GloShare:


A salary of 10k may put one in the 40% tax bracket.

That means just about 6k remaining.
House rent 1,500
Insurance and other utilities 1k
Feeding and unforeseen expenses for a single person $400.

So. The savings may not be as much as you think.

Dont forget, the 10k job is not guaranteed.

gimakon:
A quick question I want to ask and know hearts of peeps.

His argument is 450,000 Nigerian Naira equals
1,162.97 United States Dollar, wheras in the US / Canada for instance, the salary is way higher.

Question is what do you think ?

sharpman1:


Lol. You people just make me laugh.

Even someone that does DoorDash lives in a better condition that most people that live in Nigeria (including the high brow areas).

gimakon:
A quick question I want to ask and know hearts of peeps.

I have a badass programmer pal. Full stack engineer. Recently did a job for someone, and made some real good cash. Like up to $120,000. The money came from building software for 3 microfinance banks in the country.
He earns over 450,000 Naira as salary here in Nigeria as well. We got talking yesterday and he's telling me he cannot stay in Nigeria, that he's resigning immediately after lock down for airports are over.

His argument is 450,000 Nigerian Naira equals
1,162.97 United States Dollar, wheras in the US / Canada for instance, the salary is way higher.

Question is what do you think ?

tensazangetsu20:

Jesus Christ is Lord and the shithole zoo is getting worse everyday. Chei chei chei.

chaloskyx:
all of you claiming Nigeria is a shit hole and a useless country have you asked why our brothers overseas still send their hard earned dollars back to Nigeria the so called shit hole to invest and buy properties why dont they invest their money in the so called american or Canadian paradise now? cause i wonder why so many are so quick to get out of the country still make a u turn to invest in a country that you consider worthless and destined to collapse

gimakon:
A quick question I want to ask and know hearts of peeps.

I have a badass programmer pal. Full stack engineer. Recently did a job for someone, and made some real good cash. Like up to $120,000. The money came from building software for 3 microfinance banks in the country.
He earns over 450,000 Naira as salary here in Nigeria as well. We got talking yesterday and he's telling me he cannot stay in Nigeria, that he's resigning immediately after lock down for airports are over.

His argument is 450,000 Nigerian Naira equals
1,162.97 United States Dollar, wheras in the US / Canada for instance, the salary is way higher.

Question is what do you think ?

Goodvibes007:
A friend left a 900k per month job in Nigeria for Canada, he is regretting it a bit though.

Different strokes for different people. One man's meat is another's poison.

Slynation:

Bro... This thing I will tell you is from experience!!
If that your friend don't have anyone over there or a job waiting for him, he should just maintain his 450K... It's not always greener at the other side, I guess too much of Nollywood has eaten deeply in the minds of Nigerian that whoever leave the shores of the country becomes made automatically....
I have 2 friends currently who were doing fine in Nigeria, eventually they became self made millionaires, but the thought of leaving Nigeria engulfed their cranium, they shaah left, I wished i can send our WhatsApps conversation here... As I'm talking to you now, Na me de send them money sometimes just to feed oO... The image of Nigeria has been tarnished beyond repair, skill anyone can acquire, I just wish him Good luck

Goodvibes007:

My initial education was Nigerian. I had to go back to a Canadian Uni for the extra 16months program. It worked like magic. Yes they hold their own education in high esteem. If I hadn't done that program, who knows if I would still be on my security job.
This thing ehhn, it requires a lot of patience and planning.
Now my wife and I rake over $200k a year. After taxes at source, we are still left with around 135k to 140k. After all bills, expenses, remittance to naija, and other payments, we are still saving $50k per year.

seankafor:
Lol, does Nigeria spend dollar?
If he makes let's say 5k$ over there, he won't be any different from someone making 500k here because over there he I'll still spend in $ not naira.. unless he is talking about serene environment which also comes with its own downside like racism and stuffs.

For me 500k# here over 5k$ there anyday anytime

abbey621:
Most people here don't understand how the USA works....lol. Yoiu can be making 200,000 dollars a year and not be able to save 10,000 dollars a year. You can be making that amount and still be in debt, I love how innocent and clueless most Nigerians are when it comes to life in America .

Now the koko, the question is not whether he should leave Nigeria but how? If he plans on using visiting visa, he'll be on a long thing, it might take him 5 to 7 years to even smell $80,000 USD per year. If he's very talented and already has a job offer with H1B visa then he might be luckier and reach his potential a lot quicker.

I have seen a lot of guys with dreams of gold and el dorado come here and end up being stuck, they have no path to citizenship, begging white women or akata to file for them. Those who fail to plan, plan to fail!

nextstep:
He should go. I was assuming he already had the job. If that's the case then, after tax, he should have 70% left ($84k). If he is wise he should:

1. contribute fully to a retirement plan (e.g. 401k), up to the $19kmax pre-tax, and usually employer will add in up to 4%
2. save half remainder salary every year. $32k. This can buy/build property in Naija after his first year abroad, which he can rent out.
3. live frugally. Do not start living like other middle class Americans - that leads to perpetual wage slavery
4. buy a good used car, like a Camry, not more than $4k in cash. Let your friends laugh at you. You're buying US stocks and Nigeria real estate.
5. don't flex girl.
6. ideally, stay there for 4-5 years with an eye to settle back home. Your investments will be earning for you even if you have no job in Naija.
7. only when you're back in Nigeria should you start a family. Wife and kids in US will wipe out all your earnings.
8. I say don't flex girl. You're not there to fall in love and spend 20 years of your life living to feed others.

flyingpig:


See motivational speech

Sounds like Disney fairy tale I swear

gimakon:
A quick question I want to ask and know hearts of peeps.

I have a badass programmer pal. Full stack engineer. Recently did a job for someone, and made some real good cash. Like up to $120,000. The money came from building software for 3 microfinance banks in the country.
He earns over 450,000 Naira as salary here in Nigeria as well. We got talking yesterday and he's telling me he cannot stay in Nigeria, that he's resigning immediately after lock down for airports are over.

His argument is 450,000 Nigerian Naira equals
1,162.97 United States Dollar, wheras in the US / Canada for instance, the salary is way higher.

Question is what do you think ?

nextstep:
He should go. I was assuming he already had the job. If that's the case then, after tax, he should have 70% left ($84k). If he is wise he should:

1. contribute fully to a retirement plan (e.g. 401k), up to the $19kmax pre-tax, and usually employer will add in up to 4%
2. save half remainder salary every year. $32k. This can buy/build property in Naija after his first year abroad, which he can rent out.
3. live frugally. Do not start living like other middle class Americans - that leads to perpetual wage slavery
4. buy a good used car, like a Camry, not more than $4k in cash. Let your friends laugh at you. You're buying US stocks and Nigeria real estate.
5. don't flex girl.
6. ideally, stay there for 4-5 years with an eye to settle back home. Your investments will be earning for you even if you have no job in Naija.
7. only when you're back in Nigeria should you start a family. Wife and kids in US will wipe out all your earnings.
8. I say don't flex girl. You're not there to fall in love and spend 20 years of your life living to feed others.

seankafor:
Lol, does Nigeria spend dollar?
If he makes let's say 5k$ over there, he won't be any different from someone making 500k here because over there he I'll still spend in $ not naira.. unless he is talking about serene environment which also comes with its own downside like racism and stuffs.

For me 500k# here over 5k$ there anyday anytime

gimakon:
A quick question I want to ask and know hearts of peeps.

I have a badass programmer pal. Full stack engineer. Recently did a job for someone, and made some real good cash. Like up to $120,000. The money came from building software for 3 microfinance banks in the country.
He earns over 450,000 Naira as salary here in Nigeria as well. We got talking yesterday and he's telling me he cannot stay in Nigeria, that he's resigning immediately after lock down for airports are over.

His argument is 450,000 Nigerian Naira equals
1,162.97 United States Dollar, wheras in the US / Canada for instance, the salary is way higher.

Question is what do you think ?