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Nairaland Forum / Nairaland / General / Jobs/Vacancies / Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? (47867 Views)
500k Per Month In Nigeria Or 2000pounds Per Month In The Uk / Can He Still Be Considered 26 Years old or not? / Business Idea For A Budget Of 500k (2) (3) (4)
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Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Help2020: 10:33am On May 26, 2022 |
Op you're educated enough to know that this depend on many factor. You can use what you earn to determine that, but what is left after spending. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by tarantino1: 10:40am On May 26, 2022 |
As far as Nigeria is concerned, with 500k monthly income, you are borderline rich. I didn't say wealthy or filthy rich but you are rich enough and far above average income. Was it not only two months ago that CBN announced that about 90% of Nigerians have less than N500k in their account? If anyone decides to spend beyond their means, it is of no one's concern. As far you earn over half a million in Nigeria, you are rich. Our GDP per capita is N950,000. It takes you just two months to earn more than that and you say you are average. Oga no vex me. With respect to the Nigerian economy, you are indeed rich. 15 Likes 2 Shares |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Owologbo(m): 10:53am On May 26, 2022 |
SUPERPACK:we are the same. But I feel weird some times. As in, I can stay inside throughout the day if I don't anything to do outside. 2 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by franchasofficia: 10:56am On May 26, 2022 |
tarantino1:Hearing stuffs like this is good, makes one feel some ease you know lol Good to know we still have contented and conservative Nigerian youths with good financial reasoning ![]() 4 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by samuelson06(m): 11:06am On May 26, 2022 |
ObosiUkwalla: You are not rich guy. It sounds like you are doing on a terminal work and here you are talking about being rich? |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Nobody: 11:30am On May 26, 2022 |
SUPERPACK: so with 2 children and a wife. and parents... and a home , u will save 250k per month in this buhari era? like someone said..... earn it first! 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Ernesthugo(m): 11:33am On May 26, 2022 |
ABSOLUTELY.. Emmanuel909090: |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Emmanuel909090: 12:17pm On May 26, 2022 |
franchasofficia: Now I understand you. 1 Like 1 Share |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by bluefilm: 12:23pm On May 26, 2022 |
ObosiUkwalla: No, such a person cannot be considered rich na. A fellow salary earner like you by the name of Idris has 80 billion in his account. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by crafteck(m): 12:23pm On May 26, 2022 |
I make more, it is still suffering unless you are living in face me i face you and living like you make 80k monthly. Now that Nigeria has happened, i make like 150 monthly.... If you cant go illegal, japa 2 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Kajaard: 12:24pm On May 26, 2022 |
UyaiIncomparabl: Are you naked in your profile picture? ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by AsampeteNwaanyi(f): 12:24pm On May 26, 2022 |
average. I'm earning less and I want to marry adadike my neighbours don dey call me professional bachelor ![]() |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by joey150(m): 12:24pm On May 26, 2022 |
UyaiIncomparabl: Worst financial advice ever. Your wants should not rise in relation to your salary. Always live below what you earn. That is the ONLY way to build wealth. This is true whether you earn a million or a hundred thousand. 6 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by YhungBoss123(m): 12:24pm On May 26, 2022 |
SUPERPACK: No mind her jare Ladies sha |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Majesty33(m): 12:24pm On May 26, 2022 |
Well, such a person belong partially to the middle class cos he can afford a car and if income is well management, the person can also afford a home of his own. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Angelfrost(m): 12:25pm On May 26, 2022 |
Misplaced priorities! Both you and your friend are not serious. Wealth is subjective! In my learned opinion, only less than 20% of the world population can be considered RICH in every sense of the word! From Nigeria, America, to Europe, how many people make millions in their national currencies every month?!! How many?!! Most of you don't know what earning over half a million Naira means in this nation! That is beyond comfortable, except you are greedy, ostentatious, and extravagant! Seun, Mynd44, Lalasticlala, we should be careful with threads like this... Let's not promote desperation and criminality among our youths. 12 Likes 1 Share |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by TOPCRUISE(m): 12:25pm On May 26, 2022 |
UyaiIncomparabl:Maybe it depends on the number of wives you marry ![]() |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by yesloaded: 12:27pm On May 26, 2022 |
ObosiUkwalla: Well, 500k monthly is not bad if you can plan for it very well Also, someone who earns 500k monthly cannot be considered as rich but not poor either because it's something of mind Some people earn 100k monthly & considered themselves rich Contentment, goal, & lifestyle determines how we rate ourselves As long as you can afford things you need in life but not necessarily your want (because sometimes our want is not what we truly need) then you should consider yourself rich. If you don't waste money unnecessarily & your place of work is not far from house, 100k - 150k can feed you monthly to your satisfaction 2 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by jimtemi1: 12:28pm On May 26, 2022 |
Is 120k salary consider average,? Then u can answer the questions by ur self |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Elsueno: 12:28pm On May 26, 2022 |
Some friends and emotional blackmail plus making ur head swell while they freaking take advantage of u... Even if I earn a million naira daily, if u want me to run an errand for u, YOU MUST PAY FOR IT, IF IT WOULD COST MONEY.. UNLESS OF COURSE I PERSONALLY TOLD U NOT TO 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by yesloaded: 12:29pm On May 26, 2022 |
joey150: Undiluted fact |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by AbuAeesha: 12:29pm On May 26, 2022 |
UyaiIncomparabl:madam make i send my account details? |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by 2loadedguy: 12:30pm On May 26, 2022 |
Rich bawo.... He's considered a lower middle class. Some of us get 3times that monthly and are still considered upper middle class. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by TheKrakon: 12:30pm On May 26, 2022 |
500k a month ![]() |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Nobody: 12:30pm On May 26, 2022 |
In the midst of general poverty it's very rich.. That's almost $1000/month |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by jessykings(f): 12:30pm On May 26, 2022 |
ObosiUkwalla:Guy, your tithe is even more than what I earn monthly as a teacher. Yet I don't consider myself poor ���� |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by GloriousGbola: 12:31pm On May 26, 2022 |
ObosiUkwalla: To quote my guy, you in the top 10% of earners. However this is no excuse for your guy to use you - unless you have a history where he came through for you, or you know one day he will also come through for you. If the money is not significant, blank it mentally and look at it as a payment into your guys emotional bank account |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Neoteny7: 12:31pm On May 26, 2022 |
SUPERPACK: I felt the same way when I was about to start earning 100k monthly. Then I quickly found out the reality. I earn about 3 times (or more) what the OP does monthly, but it somehow has normalized into something unremarkable. Your tastes and responsibilities grow proportionally to your earnings. 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by jimtemi1: 12:31pm On May 26, 2022 |
SUPERPACK:person wey get cap no get head, and person wey get head no get cap, what do u ve to tell those who earn 10%of that monthly IE 50k? The life u complaining about is what another person is praying for |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by decub: 12:31pm On May 26, 2022 |
ObosiUkwalla: You should be living a comfortable life with that salary but not rich untill you build it and make money start working for you. I will advise you to have at least half of your take home in savings since you are still single and/or with less dependents cos by the time you start raising your own family without multiple streams of income, you will realize 500k is just huge on face value. Your friend shouldn't expect you to do stuffs for him with your money unless you choose to no matter how rich you are. 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by somehow: 12:32pm On May 26, 2022 |
N2B2: Those are Wealthy people. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by ILuvKIDS: 12:32pm On May 26, 2022 |
Lol people still do not understand the concept of money. The other dude broke a safe and counted over 300,000 out of it. I laughed because a salary earner has no business with a kolo, also a married man with kids has no business with a kolo. U'd have to be 90% single and zero responsibility to achieve such feat. About this topic... We forget feeding (you don't expect a man that earns 500k monthly to eat a N200 meal in a wack restaurant). He has bills ( electric, media, phone, fuel, mechanics....) Let's leave the nightlife out of it. Family? Kids? ... For a single lad, he will save only at most 200k monthly .... For a family man, he will save same 200k or less ... For a breadwinner of his immediate family... Na 100k saving monthly or less. At the end of it all.... 500k is not enough. The best way to survive is on daily earnings or deals that come frequently. Salary work never made anyone rich! 3 Likes |
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