ttoyetade:


Thank you for your intelligent contribution. An average Nigerian is always in competition with others about money. Money is not everything. Probably the OP missed the opportunity of going to US some time ago and he want to justify himself that he is still doing well despite the miss. You can't compare people doing well in US or Western World to yourself at all. Your N22m savings to day will loose its value with the depreciation of Naira. Also some abroad may not be earning much but they are living in Properties which could be more than $500k and could be sold if they have to return home

pocohantas:


You have said it all.

The OP, just like many other homebased guys are steady in a dick-measuring-contest with diasporans. I would never understand why.

Stay your lane, let them stay theirs. They no kuku send you sef.

bilulu:

4m is just about CAD10,500.... so you mean people don't save that amount in a year? Please don't say what you don't know.

Depends what you do in America. If you work for somebody or company, I don't care if you are a doctor, engineer or lawyer, or mere warehouse worker, your income will be limited by tax even if you live frugally because you have no control of your taxes and you will shed almost 50% in taxes if you make more across taxes (federal, state, property and estate). Lets say you make $150k, government collect almost $75k in taxes across. You are left with $75k, after your house, car, emergency and personal expenses, you re left with $10-20k in the bank every yr. You can live a comfortable life but you will never be wealthy!

Now, if you own your own business, not mom and pop kiosk, I mean real business over $500k in revenue, you will have more control of your taxes. Once you understand how America works, which most Nigerians or black immigrants never understand anyways...just living the American dream blindly( big house and nice cars) and fatally in debt, you will know that America rewards business owners and entrepreneurs. Most Asian immigrants understand this which is why they own their own business and don't work for people!

Any Nigerian you know that is very very wealthy in America, has his/her own big business. These are not small boys and girls, they have over 5 employees (that's over $200k/90million in payroll a year assuming $45k each employee a yr), business location cost $500k-$5million. They rarely pay taxes because their business give them that advantage. Go and read why and how the rich in America pay zero to no taxes...actually government doesn't want you to if you create job, invest or an entrepreneur!

golddust6000:
pls if you do not live in US don’t quote me

Depends what you do in America. If you work for somebody or company, I don't care if you are a doctor, engineer or lawyer, or mere warehouse worker, your income will be limited by tax even if you live frugally because you have no control of your taxes and you will shed almost 50% in taxes if you make more across taxes (federal, state, property and estate). Lets say you make $150k, government collect almost $75k in taxes across. You are left with $75k, after your house, car, emergency and personal expenses, you re left with $10-20k in the bank every yr. You can live a comfortable life but you will never be wealthy!

Now, if you own your own business, not mom and pop kiosk, I mean real business over $500k in revenue, you will have more control of your taxes. Once you understand how America works, which most Nigerians or black immigrants never understand anyways...just living the American dream blindly( big house and nice cars) and fatally in debt, you will know that America rewards business owners and entrepreneurs. Most Asian immigrants understand this which is why they own their own business and don't work for people!

Any Nigerian you know that is very very wealthy in America, has his/her own big business. These are not small boys and girls, they have over 5 employees (that's over $200k/90million in payroll a year assuming $45k each employee a yr), business location cost $500k-$5million. They rarely pay taxes because their business give them that advantage. Go and read why and how the rich in America pay zero to no taxes...actually government doesn't want you to if you create job, invest or an entrepreneur!

chris51:
If you are making so much money in Nigeria, please stay. If you think you can do better in the US, it's a big fat lie.

Ask about Bills people pay in US. Tax, electricity, rent, transportation etc. Its not easy. People survive mostly on Credit Cards and that's the truth.

You cannot even save N2m a year.

Not how taxes work in America. People like you belong to the category of black immigrants I stated don't understand how America works and don't want to learn. Any government in power can only increase or decrease income tax by 1-10% based on historical cuts. In practical sense only applies to employees, not the wealthy or business owners, as they have more control of their taxes. The wealthy rarely pay taxes and I won't explain further. Research!

bilulu:

I don't live in the US but I live in Canada and saving 5m is damn possible over here and I ve friends who can save up to 5m in US also....

Ibrahimmrfish:
Rent in U.S is 1000+ monthly and the average Nigerian in U.S is a minimum wage earner,don't forget transportation,light and water at the end of the month, one is left with little cash for saving.

chris51:
If you are making so much money in Nigeria, please stay. If you think you can do better in the US, it's a big fat lie.

Ask about Bills people pay in US. Tax, electricity, rent, transportation etc. Its not easy. People survive mostly on Credit Cards and that's the truth.

You cannot even save N2m a year.

Godbpraised:
what can of work are they doing and what is the quality of life they are living, these are the question you should ask them, i doubt they would give you
clear picture

chris51:
If you are making so much money in Nigeria, please stay. If you think you can do better in the US, it's a big fat lie.

Ask about Bills people pay in US. Tax, electricity, rent, transportation etc. Its not easy. People survive mostly on Credit Cards and that's the truth.

You cannot even save N2m a year.

MrGoood:
I am a businessman and the thing is I am in for money in any choice I make. I made around 22 million in savings last year. Though I cut family and girlfriends off my life to achieve that and am in Nigeria.

But seeing the doings of people outside The country, there was an America based lady that spent over 12 million naira on her mother's burial. For her to spend that much I believe she will have 20x of that amount.

At least for an upright thinking fellow, I feel like am making less so am thinking of relocating. Can I make over 22 million yearly in savings in USA, If no how much can I save? Talk from your personal experience pls, Let stop deceiving each other pls, How much did you save annually in USA? Please let be sincere.

Ibrahimmrfish:

In California, the minimum wage is $15,but not all employers honor the payment, especially if you are not yet a citizen.But other states minimum wages are even lower than California some even pay $8 to $10. But is easy to get a job in California compare to other state.If you want cheap accommodation, you can stay in the project or low income housing,but the security situation is not that good so i advice you don't. As for food,if you decide to go for junk foods,they are affordable compare to vegetables and as for women go for single moms,they are less likely to demand for Money and are looking for a serious relationship.

MrGoood:

More money oo but thanks for your advice

MrGoood:

Big man? You must be joking , Am short and skinny, not that short thou, that money can’t even buy me a rolls Royce here and you call me big, Maybe because of my circle I do feel like am poor , I know someone who spend millions on burial , She’s a lady for that matter , I won’t try that currently so how am I big and about the earnings I built that business for 2 years so it’s not easy to get into it

FrankLampard:


If you want to get honest opinion, go on Twitter and ask this

November1857:
You're already doing well in here in naija by GOD'S Grace, what then are you still looking for !

Ibrahimmrfish:

In California, the minimum wage is $15,but not all employers honor the payment, especially if you are not yet a citizen.But other states minimum wages are even lower than California some even pay $8 to $10. But is easy to get a job in California compare to other state.If you want cheap accommodation, you can stay in the project or low income housing,but the security situation is not that good so i advice you don't. As for food,if you decide to go for junk foods,they are affordable compare to vegetables and as for women go for single moms,they are less likely to demand for Money and are looking for a serious relationship.

MrGoood:
I am a businessman and the thing is I am in for money in any choice I make. I made around 22 million in savings last year. Though I cut family and girlfriends off my life to achieve that and am in Nigeria.

But seeing the doings of people outside The country, there was an America based lady that spent over 12 million naira on her mother's burial. For her to spend that much I believe she will have 20x of that amount.

At least for an upright thinking fellow, I feel like am making less so am thinking of relocating. Can I make over 22 million yearly in savings in USA, If no how much can I save? Talk from your personal experience pls, Let stop deceiving each other pls, How much did you save annually in USA? Please let be sincere.

Ynix:
Instead of traveling to the US own an offshore company there and do business there from Nigeria

Fash20:


It's not by physical appearance and doesn't really depend on how much one spends extravagantly. It's by what's in bank and the investments.

So, baba show me way

knowyaself2:


Im surprised that so far you're the only one that has mentioned this. What are you saving 22m for exactly? Money that should be making more money. Nonsense!

MrGoood:
I am a businessman and the thing is I am in for money in any choice I make. I made around 22 million in savings last year. Though I cut family and girlfriends off my life to achieve that and am in Nigeria.

But seeing the doings of people outside The country, there was an America based lady that spent over 12 million naira on her mother's burial. For her to spend that much I believe she will have 20x of that amount.

At least for an upright thinking fellow, I feel like am making less so am thinking of relocating. Can I make over 22 million yearly in savings in USA, If no how much can I save? Talk from your personal experience pls, Let stop deceiving each other pls, How much did you save annually in USA? Please let be sincere.