Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,150,288 members, 7,807,978 topics. Date: Thursday, 25 April 2024 at 12:58 AM

After NYSC What With #500,000 In My Account? - Business (7) - Nairaland

Nairaland Forum / Nairaland / General / Business / After NYSC What With #500,000 In My Account? (41609 Views)

After NYSC, I Want To Buy Bike / Nigerian Lady Opens Her Piggy Bank, Reveals She Saved N105,000 In 2 Months. Pics / Lady Saves N64,000 In 4 Months, Shows It Off (Photos) (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (17) (Reply) (Go Down)

Re: After NYSC What With #500,000 In My Account? by SavageMaster: 3:30pm On Jul 26, 2020
Cof1ex:
Am really going to be straight here. I was able to save #200,000 through a side hustle (riding okada) early last year (jan-may) while awaiting service and up to another 100k i used for service.

I abandoned the money in a fixed deposit account and moved on for nysc... During my nysc, i found my way to the secretariat which gave me chance to do small hustle. I got a factory work which was paying me 25-35k (with loads of stress and i was settling them at the secretariate with 7k). With that, i was able to save all my allowee(#310,250) except the first that was paid in camp cash.

I traveled home during the early corona virus lock down as corpers were advised to go home or any safe place and my factory work was back sliding as materials were costly in the market. >>>

Currently am done with nysc and left my work before the lock down, critically thinking of what next to do with my life. Contemplating on staying back at ogun (sango otta) where i served or going back to abia (my state) and start up fishery or piggery, or poultry, or computer center, or dry cleaning. Just lost in thought. I know how hard i worked to gather this money, i starved myself and deprived myself enjoyment, and the shame of a graduate riding okada (as my dad was financially ok before he died 2k17). I just don't want to carry two legs put for river talk say na testing..

Please help!!!! Lala abeg push to fp

Buy watches cheap from Idumota or from China; rent a shop, and start selling. You don't even need up to half of the money you saved to start.

As for the guy saying you should sink ₦400k plus in Chymall, don't listen to him; he's only looking for his commission. Even if you must, don't put all your money into it or into one single venture.

You've done well enough to save up this amount. Don't be quick to let go of it. Do your research well before you start.

All the best

9 Likes

Re: After NYSC What With #500,000 In My Account? by Zico5(m): 3:33pm On Jul 26, 2020
Grateful007:
Chymall e-commerce website...is not lyk dat it's not a Ponzi site... it's we're u trade.. more lyk d normal buying and selling u know.....u trade in Chymall
Pls explain better. I need to learn something new
Re: After NYSC What With #500,000 In My Account? by ggoldmine: 3:35pm On Jul 26, 2020
I think a little background about you will be helpful. What did you study in school? What are your career goals? From your story, you just chasing money but also ready to work. Starting a business in Nigeria requires skill and hardwork. You have to work smart.
Cof1ex:
Am really going to be straight here. I was able to save #200,000 through a side hustle (riding okada) early last year (jan-may) while awaiting service and up to another 100k i used for service.

I abandoned the money in a fixed deposit account and moved on for nysc... During my nysc, i found my way to the secretariat which gave me chance to do small hustle. I got a factory work which was paying me 25-35k (with loads of stress and i was settling them at the secretariate with 7k). With that, i was able to save all my allowee(#310,250) except the first that was paid in camp cash.

I traveled home during the early corona virus lock down as corpers were advised to go home or any safe place and my factory work was back sliding as materials were costly in the market. >>>

Currently am done with nysc and left my work before the lock down, critically thinking of what next to do with my life. Contemplating on staying back at ogun (sango otta) where i served or going back to abia (my state) and start up fishery or piggery, or poultry, or computer center, or dry cleaning. Just lost in thought. I know how hard i worked to gather this money, i starved myself and deprived myself enjoyment, and the shame of a graduate riding okada (as my dad was financially ok before he died 2k17). I just don't want to carry two legs put for river talk say na testing..

Please help!!!! Lala abeg push to fp

3 Likes

Re: After NYSC What With #500,000 In My Account? by Ofunaofu: 3:37pm On Jul 26, 2020
azadus18:
yet ..dia ar still sure link out dia..i.e if u can get a job in FIRS ..U get ur clean 500k in 2months..if u wanna join d lo*ting gang u get more dan dat...

Na the sure link be d main thing. Abeg if you get, link me na

1 Like

Re: After NYSC What With #500,000 In My Account? by safeopportunity(m): 3:37pm On Jul 26, 2020
Rent a suitable farmland and dive in into agriculture ASAP. No time

1 Like

Re: After NYSC What With #500,000 In My Account? by ChybuzzDD(m): 3:38pm On Jul 26, 2020
Cof1ex:
☺, no be lie. but it all depends on the type of job...

He's talking about government jobs.
There's no civil service job in Nigeria that makes sense.
I resigned at the equivalent of level 15 in the medical field in a federal government teaching hospital.
That salary could not fence a plot of land, let alone develop it.
The guy he's encouraging may not even get to that level.
The Nigerian civil service is only good for the females, who usually don't have a lot of responsibilities and high expectations.

9 Likes 1 Share

Re: After NYSC What With #500,000 In My Account? by mrobruche: 3:43pm On Jul 26, 2020
With the 500k I can teach you a medium risk investment that will bring 9% daily if you are interested in taking some risk. However when I teach you as a rule you will do a demo for at one month before you invest real money.

1 Like

Re: After NYSC What With #500,000 In My Account? by wizzy199: 3:44pm On Jul 26, 2020
NDakota:
First off, congrats, man.

You went in and passed out of NYSC in one piece. And you were able to save much with little pay. Kudos, you've built something solid that will serve you whatever you do...

What you have developed is called financial discipline.

It's rare to see Nigerian youths with this skill these days.

My advice to you?
I was about saying same thing. Op, heed to this advice

I don't give business or investment advice. But I can tell you what not to do...

...Never EVER go back to Abia. You'll kill the little dreams you have if you get back to that backwater.

I left Abia a few years ago, and it's been the best decision of my life so far.

Ota is close to Lagos. Whatever you start there has a 10X chance of gaining more traction than whatever you start in Abia.

#500,000 isn't a lot of money. Stay put and grow tha tmoney where you made it from!

2 Likes

Re: After NYSC What With #500,000 In My Account? by 77up(m): 3:44pm On Jul 26, 2020
NDakota:
First off, congrats, man.

You went in and passed out of NYSC in one piece. And you were able to save much with little pay. Kudos, you've built something solid that will serve you whatever you do...

What you have developed is called financial discipline.

It's rare to see Nigerian youths with this skill these days.

My advice to you?

I don't give business or investment advice. But I can tell you what not to do...

...Never EVER go back to Abia. You'll kill the little dreams you have if you get back to that backwater.

I left Abia a few years ago, and it's been the best decision of my life so far.

Ota is close to Lagos. Whatever you start there has a 10X chance of gaining more traction than whatever you start in Abia.

#500,000 isn't a lot of money. Stay put and grow tha tmoney where you made it from!
We thank God for that, talk of where you can ever be in peace and survive with whatever businesses you ever lay your hands on , talk of SW,no doubt about that and it's never the issue of been tribal as even you confirmed this but it's just unfortunate as many idiots pay back with hatred and bitterness.


Think well and think very deeply before making any decision regards any business @op, may God lead you through.

1 Like 1 Share

Re: After NYSC What With #500,000 In My Account? by jmichael259(m): 3:45pm On Jul 26, 2020
Cof1ex:
Am really going to be straight here. I was able to save #200,000 through a side hustle (riding okada) early last year (jan-may) while awaiting service and up to another 100k i used for service.

I abandoned the money in a fixed deposit account and moved on for nysc... During my nysc, i found my way to the secretariat which gave me chance to do small hustle. I got a factory work which was paying me 25-35k (with loads of stress and i was settling them at the secretariate with 7k). With that, i was able to save all my allowee(#310,250) except the first that was paid in camp cash.

I traveled home during the early corona virus lock down as corpers were advised to go home or any safe place and my factory work was back sliding as materials were costly in the market. >>>

Currently am done with nysc and left my work before the lock down, critically thinking of what next to do with my life. Contemplating on staying back at ogun (sango otta) where i served or going back to abia (my state) and start up fishery or piggery, or poultry, or computer center, or dry cleaning. Just lost in thought. I know how hard i worked to gather this money, i starved myself and deprived myself enjoyment, and the shame of a graduate riding okada (as my dad was financially ok before he died 2k17). I just don't want to carry two legs put for river talk say na testing..

Please help!!!! Lala abeg push to fp


Never leave transport business. You can upgrade to small Keke bus for town service.
Drive it by yourself.
A guy in my street has a laundry and still drives his bus morning and evening which is transport peak hours for people going or returning from business.

6 Likes

Re: After NYSC What With #500,000 In My Account? by sodique20(m): 3:45pm On Jul 26, 2020
Start bet9ija and thank me later

1 Like

Re: After NYSC What With #500,000 In My Account? by uthlaw: 3:45pm On Jul 26, 2020
Cof1ex:
Lala abeg naaa help me, i know their are people out there with answers to my question. Please move to front page... Ejoor, biko, abeg, please..
forget online stuff,try that poultry or buy foodstuffs from North and sell....you go suprise!

1 Like

Re: After NYSC What With #500,000 In My Account? by Nobody: 3:45pm On Jul 26, 2020
azadus18:
buy FG job
If you get d opportunity, please let me know. The money dey
Re: After NYSC What With #500,000 In My Account? by sodique20(m): 3:46pm On Jul 26, 2020
.
Re: After NYSC What With #500,000 In My Account? by Farki: 3:46pm On Jul 26, 2020
Cof1ex:
I have read this several times but don't understand if it's for me, please throw more light

To put it as simply as I can when you buy a stock usually through a third party you are essentially buying a piece of that company. If the company is a valuable one and makes lots of profit the share price will go up and what you bought will be more valuable now than what it was in the past. If you are satisfied with the price and want some sort of remittance from it you can choose to sell your stock through the same third party and obtain a sum of real currency valued at around the same price as the stock you sold although there will be commission fees, tax and other payments involved.

The good thing about stock trading is that you are metaphorically making money grow on trees by investing a sum and watching it appreciate in value over time.

The problem with it is that it is very risky, complex and affected by real world events. One bad news story or accident in the company can mean a drop in stock price making your initial investment worthless.

That is why it is good to invest money that you are comfortable with never seeing again.

1 Like

Re: After NYSC What With #500,000 In My Account? by AngelJennifer: 3:47pm On Jul 26, 2020
Go into rice/beans business. You can also add vegetable oil, tin tomatoes and the likes. Any business that deals with food will surely strive

2 Likes

Re: After NYSC What With #500,000 In My Account? by lanreni: 3:48pm On Jul 26, 2020
There's a legit opportunity I can give to you straight up and for anyone else who is also interested.
You can actually buy a standard plot of land (648sqm) for less than #500,000 (Since we are working with your budget. There are other lands in other places whose prices are more than 500k budget)
Secondly, you will be paid 5% of the amount you used to buy the land, for the next 6months monthly.
It means after 6 months, you would be having a plot of land with your name and some money to do other things with. No referral needed. No hidden charges involved.
Note: This offer is valid till August 31st, 2020, but that doesn't mean you should wait until last minute o!
Contact me on 0-8-1-3-1-1-8-2-7-3-5
Re: After NYSC What With #500,000 In My Account? by emynem05(m): 3:51pm On Jul 26, 2020
@all when talk say sairui/chymall is fake, have u checked their review online including videos on YouTube. wetin u no know pass u.
@poster u can split the money into two. google mba forex and capital investment if they are in ur city invest 360k with them they give 15% ROI monthly. use the remaining join chymall or u can wait for one month when u get the roi from mba forex add it to the remaining money and join chymall. by second month you will be earning up to 100k. e go be like film for ur eye. information is what gives money all this people just dey talk wetin them no know. do ur due delegence on the two biz investment i just told u. there are more out there but start with this. online affiliate marketing is the bomb u can make as much as $1k in 2weeks am preparing a video for that will post it to my channel on YouTube soon.

1 Like

Re: After NYSC What With #500,000 In My Account? by DivineTurnAroun(f): 3:51pm On Jul 26, 2020
[quote author=fwzolamide1 post=92110954]I'm still an undergraduate, I will hustle like the way you did throughout your service.
1) You have 500k . My brother you can start with a small scale business with 50k. E.g. buying Nigerian rice , beans and water melon onion from northern part of Nigeria,for instance you would buy rice @ 17 transport 1 k per bag , and be you seselli it @retail / wholesales price.
2 You can also do a live stock agriculture , which you would start buying, ram, goat cow, pig fog, rabbit , even snail.
3) is paga, data selling, cable subscription , collecting daily contribution,but it is not profitable.
My brother start that no 1 and no 2.
You can start both with 150k. Keep the remaining 350




Do you know how to start that 1 and 2 you mentioned above like where in northern part or any body into it that can guide me.

1 Like

Re: After NYSC What With #500,000 In My Account? by Nobody: 3:51pm On Jul 26, 2020
Invest your money in MBA forex and you get 15% ROI of you capital for 6 months then you either roll over for another 6 months or collect back your initial deposit.

You can google it they have big offices in the East, Benin, Lagos,Warri, Ph etc. They deal on forex trading.

You can invest your cash there while you plan on the business you want to do instead of leaving it in the bank. I don't work for them or anyway affiliated with them. I was in your shoes before now.

2 Likes 1 Share

Re: After NYSC What With #500,000 In My Account? by Betterhandwork(m): 3:52pm On Jul 26, 2020
My own advice is simple,I will use myself as a case study.just learn better multiple handwork,rent a shop in a good location and buy your working equipment.keep the remaining money for backup and feeding and also advertise your business for people to know what services you are rendering.after a year,you can register the business name and also expand as time goes.the Lord will see you through.


Don't just sit at home for nothing,try and learn a skills today.you can start with Satellite dish installation, the training is an online version which you can learn at the comfort of your home.the training will open your eye to the abundant of Satellite tv you can watch without paying a dime.this training is strictly for professionals, people that want to become expert in Satellite dish/tv installation,the practical aspect as already been covered in our training videos.register today and begin your training immediately.
you can visit this nairaland thread below to read more about the training program

1 Like

Re: After NYSC What With #500,000 In My Account? by Yankee101: 3:53pm On Jul 26, 2020
Start the fishery in Sango Otta.

I think Ogun state is better for you because it is closer to Lagos and the industrial complex in Ogun, but not as expensive.. You can continue your business while you look for a good job when the economy reopens

Don't give your money to anyone to double it for you or any online scam. (You can learn coding, python, by yourself on your laptop and internet/YouTube videos)

Your money, I see and feel, is in business. You know how to save, manage and workhard. Keep all excess cash in fixed deposit for now. If you need my help let me know. I like people with vision, hardwork and integrity (I hope) like you

2 Likes

Re: After NYSC What With #500,000 In My Account? by ikhalyfah(m): 3:55pm On Jul 26, 2020
maximus2:
These nairaland threads will help you,some are old but gold. Remember you have to 100% do what it takes to succeed..

Domaining

https://www.nairaland.com/3430037/what-make-money-online

Cof1ex




Cof1ex i swear you will never regret spending time on the domaining thread!
Domaining is very lucrative, and all u need to start is. A WHOOOOOOLLLEEEE lot of knowledge and some small cash, I started with about 10k!
Just that u have to study study study and study. Pray and make ur money!


Please nobody should PM me about Domaining, if u are interested, go tru my entire post as 95% of it is about domain.

5 Likes

Re: After NYSC What With #500,000 In My Account? by Slynation(m): 3:56pm On Jul 26, 2020
Well I'm here to read and learn more advice from tbe comment section... All I can tell you for now is to avoid women.... grin

2 Likes

Re: After NYSC What With #500,000 In My Account? by nams77: 3:56pm On Jul 26, 2020
Cof1ex:
Am really going to be straight here. I was able to save #200,000 through a side hustle (riding okada) early last year (jan-may) while awaiting service and up to another 100k i used for service.

I abandoned the money in a fixed deposit account and moved on for nysc... During my nysc, i found my way to the secretariat which gave me chance to do small hustle. I got a factory work which was paying me 25-35k (with loads of stress and i was settling them at the secretariate with 7k). With that, i was able to save all my allowee(#310,250) except the first that was paid in camp cash.

I traveled home during the early corona virus lock down as corpers were advised to go home or any safe place and my factory work was back sliding as materials were costly in the market. >>>

Currently am done with nysc and left my work before the lock down, critically thinking of what next to do with my life. Contemplating on staying back at ogun (sango otta) where i served or going back to abia (my state) and start up fishery or piggery, or poultry, or computer center, or dry cleaning. Just lost in thought. I know how hard i worked to gather this money, i starved myself and deprived myself enjoyment, and the shame of a graduate riding okada (as my dad was financially ok before he died 2k17). I just don't want to carry two legs put for river talk say na testing..

Please help!!!! Lala abeg push to fp
May cone back with suggestions but whatever you do, don't use all the money at once. Use part to test the river.
Keep being focused
Dont do any of these online sh*t they peddled here. One is being advertised below me sef. Do things you can see with ur eyes and control

1 Like

Re: After NYSC What With #500,000 In My Account? by mosesjay(m): 3:57pm On Jul 26, 2020
I suggest u start an online trading, CHYMALL that is what am doing here in Abj. Its registered with CAC. FIRS which means you pay tax to government on ur profit every 10- 11 days. you get 15% of your total. its also registered with money laundry control.

1 Like

Re: After NYSC What With #500,000 In My Account? by Ategberoson(m): 3:58pm On Jul 26, 2020
find 250k to that money and buy those minibus while you drive it yourself



you will quote to thank me later

2 Likes

Re: After NYSC What With #500,000 In My Account? by Effulgent(m): 4:01pm On Jul 26, 2020
Cof1ex:
tell me more, am all ears

Okay this is it

it's been a while I've been in this forex stuff, so all I'm going to say here is the ultimate fact

First you have to invest in knowledge, invest in that context means your time and some money

Because before you can excel In this forex stuff, if you don't have someone guiding you, you'll run into errors, waste more money than you imagine

Though I learned it myself, but it took me some time and I eventually lost more money,but what helped was I surrounded myself with like minds


Next, is the practicing on demo for at least 1month if you are aggressive and active, then before you go live with your money, you can subscribe for 1month signal with a person you trust and you know is actually good(with his trade records to show for it) to boost your confidence and give you head start (because trading is mostly psychological) ,because I won't lie to you, trading is not a piece of cake


But once you are good, you will enjoy it, though there will be days of losses but you will get more profit

but don't get scammed out there,

2 Likes

Re: After NYSC What With #500,000 In My Account? by Davidtolu1: 4:01pm On Jul 26, 2020
No need to think much ....you can start up a bet9ja shop

1 Like

Re: After NYSC What With #500,000 In My Account? by donMIG(m): 4:01pm On Jul 26, 2020
Play 3 odd man utd lose
Chelsea draw
Arsenal win thank me leta
grin
Re: After NYSC What With #500,000 In My Account? by kokoboy4life(m): 4:02pm On Jul 26, 2020
azadus18:
Dia Abuja office is doing internal recruitment presently..go submit ur c.v ..try ur luck...d surest link is GOD...

You haven’t answer my question, you said earlier 500k will buy a job slot in Firs, my thinking was that you get the link. So you think it’s easy for someone to visit FIRS office and submit CV, when the vacancy is not a public advertisement.

2 Likes

Re: After NYSC What With #500,000 In My Account? by WINDSOW(m): 4:02pm On Jul 26, 2020
When going into any business, don't pay too much attention to the gains therein because profit is a constant but go into the biz considering the risk involved.
For example, someone said buy keke n bikes, give them out to people n make xyz daily. Good strategy but have you considered the cons involved.
1. LASTMA problems
2. Association stuff
3. Untrustworthiness of an average Nigerian
4. Nigerian Police extortion etc

8 Likes 2 Shares

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (17) (Reply)

Nigeria, Sierra Leone Plan Currency Swap / How Elon Musk Began His Journey Of Buying Twitter (throwback Photo) / CBN Devalues Naira From 155 to168 , Raises Lending Rate to13%

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 74
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.