ObosiUkwalla:
So I was arguing with a friend who stays in the states and he keeps saying I am a rich guy.

Current salary is about 512k per month (take home), and has an annual increment of 15% of your take home. This is aside perks of perdiem anytime I travel outside work base (15k per night).

Anytime he wants me to have minor something done in NG on his bahalf, he expects me to use my money and whenever I ask, he tells me not to complain that I am rich (he knows what I earn), I don't have a problem doing those things for him.

I don't see myself rich and pls guys, what can someone earn in Nigeria to be termed rich. Your opinions will count alot as I still find it hard getting the usual daily stuffs we all use.
I am not married and do not have responsibilities. My mom is a retired govt worker and other siblings are all working.

Cc: seun mynd44 pls help us for more audience and opinions

God wey do your own, go do my own too (Amen)


I like that part.... I am not married and do not have responsibilities. My mom is a retired govt worker and other siblings are all working.



Many of us would have been comfortable, if not for the responsibilities we have to clear

UyaiIncomparabl:


Start earning it and you will know.

As your income increases, your taste increases. Those that know, know.

Then no amount of money is enough, satisfaction is key even if you earn 7m weekly you will still not be satisfied

UyaiIncomparabl:


I suppose you have no responsibilities?

You will live an average life, yes. But, you can not be called rich.

No mind am, I don't know who told them 500k is rich. The US guy is probably hailing him, so he won't be asking him for money.

500k is comfortable in Nigeria, but not rich. Upper middle class should start from 800k as far as I am concerned, and Upper middle class isn't even rich yet, just comfortable.

SUPERPACK:
Speak for those that have zero in economics sha not me. With that pay I will enjoy my life here in Nigeria and never look for more. I will still save 250k per month at the end minimum. I live a minimal lifestyle, no smoking, drinking, clubbing, womanising nor friends and don't fancy social attention.

Oga Oga Oga! How many times did i call you? The Devil is somehow notified each day you receive credit alert. Before you know ehnnn....some mysterious small small problems of 10K, 20K, 30K or 50K and even more will terrorize from the pit of hell. More money more problems....Biggie Smalls was right.

We can say u earn an amount that is enough to make you comfortable. You can easily afford a good rent, u can build or buy a standard house without much stress. You can meet your responsibilities and obligations to dependants.
But to say 500k a month will make u a rich man? I am not sure about that. That's 6m a year. Add all your Perdiem, let's say 7m. By the time u pay rent 2m a year, pay other bills and feeding, car fuelling all say 150k/month that's 1.8m a year....money dun nearly finish..we have not talked of unforseen expenses. It's not out of place that u want to get something for ur parents, assist your siblings, or even buy them gifts if they don't need help. That money makes u live a good and decent life. But we won't say rich. By the time u start sending 2 kids to good schools that match ur status, u go see say u need a lot of side hustle with that money

Easier said than done!! wait till you start earning it then you will know its small money

Israeldan1:
Becus I day collect 500 k for Nigeria no mean say mk I no save, invest and work more

Who the hell said I'm not rich with 500k

Ordinary 200k some people day open Investment with
Not to talk of my monthly earning

Tf can't even Finnsh my money cus b4 5 month will get a portable car b4 1 year sef I don day build huz for my villa will invest on so many business
like i have started...

UyaiIncomparabl:


I suppose you have no responsibilities?

You will live an average life, yes. But, you can not be called rich.

Rich is relative. Davido cannot claim to be rich where Elon Musk is. To another person and under different circumstances, 500k can be considered rich

Israeldan1:
Becus I day collect 500 k for Nigeria no mean say mk I no save, invest and work more

Who the hell said I'm not rich with 500k

Ordinary 200k some people day open Investment with
Not to talk of my monthly earning

Tf can't even Finnsh my money cus b4 5 month will get a portable car b4 1 year sef I don day build huz for my villa will invest on so many business
like i have started...

Lol, do u know how much it costs to do foundation? Unless you're building a bungalow, on an average soil, 4m can't do a good foundation.
You're earning 6m, will u not rent a good apartment? I'm assuming the company paying such will be on the island, won't u live close to work? Or you'll spend your life in traffic?
A selfcon on the island is 800k upwards. Buying a car? 2008 Corolla is about 3m. How much remain for the 6m?

franchasofficia:
500k a month is supposed to be average income for a middle class person in Nigeria not rich.



You are a middle class citizen especially if you are still single.



If you are single, the income that qualifies you as rich in Nigeria is 2.5million and above monthly take home.



If you are married, it means 3.5million and above monthly take home, anytime less means you are a middle class not rich.



But to be realistic, you are not earning badly based on Nigerian situation, but don't let that bobo you, you still have a long way to go cos I have an elder bro who works for a big multinational and he earns around 1.5m monthly take home and believe me, he is not close to others running their own companies and earning heavily, so he still sees himself as struggling.

How did you arrive at this assertion?

For a starter, what are the definitions of Poor, Comfortable, Rich and Wealthy?

It's a good salary for a Nigerian who isn't greedy and go beyond his capacity

UyaiIncomparabl:


500k Isn't rich, please. Especially if you have a lot of responsibilities/mouths to feed.

Na average salary. Start earning it and you'll know how far.

It is rich even in US. 500k is about 1k$.

You be rich guy.
Spend with sense.

UyaiIncomparabl:


500k Isn't rich, please. Especially if you have a lot of responsibilities/mouths to feed.

Na average salary. Start earning it and you'll know how far.

....

yesloaded:


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

Any man earning 500k in a low cost location like the North is a very wealthy man please!

We in the South are our own worst enemies.

No wonder there is so much crime here.

ObosiUkwalla:
So I was arguing with a friend who stays in the states and he keeps saying I am a rich guy.

Current salary is about 512k per month (take home), and has an annual increment of 15% of your take home. This is aside perks of perdiem anytime I travel outside work base (15k per night).

Anytime he wants me to have minor something done in NG on his bahalf, he expects me to use my money and whenever I ask, he tells me not to complain that I am rich (he knows what I earn), I don't have a problem doing those things for him.

I don't see myself rich and pls guys, what can someone earn in Nigeria to be termed rich. Your opinions will count alot as I still find it hard getting the usual daily stuffs we all use.
I am not married and do not have responsibilities. My mom is a retired govt worker and other siblings are all working.

Cc: seun mynd44 pls help us for more audience and opinions

U are rich if use the money wisely.

SUPERPACK:
500k average salary in Nigeria? Same amount that can pay salary of entire staff of a small private primary/ secondary school monthly. Women and their wahala sha.

No mind them oo

UyaiIncomparabl:


500k Isn't rich, please. Especially if you have a lot of responsibilities/mouths to feed.

Na average salary. Start earning it and you'll know how far.

If only you acquire financial intelligence, you won't be on front page typing your personal opinion...!!

ObosiUkwalla:
So I was arguing with a friend who stays in the states and he keeps saying I am a rich guy.

Current salary is about 512k per month (take home), and has an annual increment of 15% of your take home. This is aside perks of perdiem anytime I travel outside work base (15k per night).

Anytime he wants me to have minor something done in NG on his bahalf, he expects me to use my money and whenever I ask, he tells me not to complain that I am rich (he knows what I earn), I don't have a problem doing those things for him.

I don't see myself rich and pls guys, what can someone earn in Nigeria to be termed rich. Your opinions will count alot as I still find it hard getting the usual daily stuffs we all use.
I am not married and do not have responsibilities. My mom is a retired govt worker and other siblings are all working.

Cc: seun mynd44 pls help us for more audience and opinions

Stop telling people your salary. The more people u tell, the more mouths you have to feed... My two cents

UyaiIncomparabl:


Start earning it and you will know.

As your income increases, your taste increases. Those that know, know.

Prudency is the key

Johnchrix:
You are Rich Oga.

with 500k monthly salary
Averagely okay not that the money is much

Onariii:

So u cannot marry a guy that earns 500k?

Ask her if she can boast of 100k a month?

I have been earning more than that for years and I don't consider myself rich. If you see wealth, you will know that 500k monthly is nowhere close to it

UyaiIncomparabl:


500k Isn't rich, please. Especially if you have a lot of responsibilities/mouths to feed.

Na average salary. Start earning it and you'll know how far.

Wow!

Emmanuel909090:
Anybody earning 500k in today's Nigeria is a rich man

Exactly

Emmanuel909090:
Anybody earning 500k in today's Nigeria is a rich man

You say Rich man?? He's a ritualists

ObosiUkwalla:
So I was arguing with a friend who stays in the states and he keeps saying I am a rich guy.

Current salary is about 512k per month (take home), and has an annual increment of 15% of your take home. This is aside perks of perdiem anytime I travel outside work base (15k per night).

Anytime he wants me to have minor something done in NG on his bahalf, he expects me to use my money and whenever I ask, he tells me not to complain that I am rich (he knows what I earn), I don't have a problem doing those things for him.

I don't see myself rich and pls guys, what can someone earn in Nigeria to be termed rich. Your opinions will count alot as I still find it hard getting the usual daily stuffs we all use.
I am not married and do not have responsibilities. My mom is a retired govt worker and other siblings are all working.

Cc: seun mynd44 pls help us for more audience and opinions

500k is a small money to

Bro, Go And Hustle For More Money.

To Manage A Website Is more than 500k, You Can Ask Lalasticlala, He Will Educate you more

Kajaard:


Are you naked in your profile picture?

Any P?

Sha be saving before you complain. Buh what's your friend to you that makes him so entitled?

ObosiUkwalla:
So I was arguing with a friend who stays in the states and he keeps saying I am a rich guy.

Current salary is about 512k per month (take home), and has an annual increment of 15% of your take home. This is aside perks of perdiem anytime I travel outside work base (15k per night).

Anytime he wants me to have minor something done in NG on his bahalf, he expects me to use my money and whenever I ask, he tells me not to complain that I am rich (he knows what I earn), I don't have a problem doing those things for him.

I don't see myself rich and pls guys, what can someone earn in Nigeria to be termed rich. Your opinions will count alot as I still find it hard getting the usual daily stuffs we all use.
I am not married and do not have responsibilities. My mom is a retired govt worker and other siblings are all working.

Cc: seun mynd44 pls help us for more audience and opinions

I think alot of people need to know the difference between rich and wealthy.
Op you're rich, but not wealthy yet.

UyaiIncomparabl:


Start earning it and you will know.

As your income increases, your taste increases. Those that know, know.

You haven't seen 500k in a month since you were born

You are doing very well.

Lightway:


You haven't seen 500k in a month since you were born

Don't mind the way some people talk.