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Nairaland Forum / Nairaland / General / Jobs/Vacancies / Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? (47813 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 Ndibuna: 1:17pm On May 26, 2022 |
Maj196: ![]() ![]() 2 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by wirinet(m): 1:18pm On May 26, 2022 |
Esales: Save 3m ke? On a 6m per annum salary? I have friends earning over 12m per year and they can't save zilch. When you have 1 kid in secondary school, 2 kids in a private university and you live in lekki, how will you save? 9 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Jackanda1(m): 1:18pm On May 26, 2022 |
seanwilliam:I think it depends on where he lives. Bills and expenses are cheaper in Akwa Ibom than in Lagos city. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by ceejayluv(m): 1:20pm On May 26, 2022 |
I earn 200k+ as take home.... 500k monthly Will boost my finances significantly right now... But I don't consider that as Rich in Nigeria here now. We're an import oriented nation, the USD has shot up to 600 naira which has considerably increased the cost of living truly comfortable. Worsened by the inflation. I'd take folks earning 2.5 Milla and above monthly as getting there. 6 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Hassanmaye(m): 1:21pm On May 26, 2022 |
UyaiIncomparabl:U can give that to eat toto |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by HarlequinLekex: 1:22pm On May 26, 2022 |
Nawteemaxie:Ok,thanks what of Holy gram lite up my weed in peace |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by sumboty: 1:23pm On May 26, 2022 |
I read some comments and I laff, 500k per Month 6m per annum Now let's do small analysis Has a family man of 4 in family husband & wife and 2 kids For feeding, let's say minimum 50k monthly = 600k per annum.. School fees, 2 kids @ 150k per term = 900k per annum, NHIS family health plan 7,500 per month = 90k per annum House rent 600k per annum NEPA bills on prepare meter 10k card per month = 120k per annum Let's say you have a car, or not 25k per month = 300k per annum Other expenses 20k per month = 240k per annum Miscellaneous per month 10k per month = 120k per annum Total = 2.97m let's round it up 3m Giving additional spending of 500k to the above analysis making 3.5m spending per annum, then you have 2.5m balance as savings x in 5yrs = 12.5m In 10yrs = 25m Also take in mind, that 2.5m savings per annum can still increase if other business is involve..... The above analysis is just an average assumption.. What I've noticed about many of us in Nigeria is that most of us want to get rich in a day or in one single business deal or investment. Forgetting Rome wasn't built in a Day.... 9 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by zoroby(m): 1:23pm On May 26, 2022 |
MrBrownJay1: You dey mind her? Check her account now u will be surprise say even 10k she no get 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by loko50(m): 1:24pm On May 26, 2022 |
wirinet: You just affirmed it's for show off. How many families in Nigeria can take 150k to the market? 1 Like 1 Share |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by UyaiIncomparabl(f): 1:24pm On May 26, 2022 |
OneKinGuy: Ask them how easy it is living on 50k per month. You guys still do not get the logic. 2 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by loko50(m): 1:25pm On May 26, 2022 |
zoroby: 10k too much. She dey reason urgent 2k |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by AriseNews: 1:25pm On May 26, 2022 |
UyaiIncomparabl: You madam! How much do you even earn. You be sounding like those Twitter fake people. Before you come for me, just know I earn up to that. 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by bolousadex: 1:25pm On May 26, 2022 |
i earn 1.2m and i dont consider it anything...I still cant afford a brand new car even if i save for 2 years 2 Likes 1 Share |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by 735i(m): 1:25pm On May 26, 2022 |
SUPERPACK: You are merely existing. Not living! 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Jeezuzpick(m): 1:25pm On May 26, 2022 |
![]() Angelfrost: ![]() Na me you dey tell? I sabi save well o! Only say I get project. Still, it's not what it's hyped up to be. Earn it first, you'll gerrit. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by zoroby(m): 1:25pm On May 26, 2022 |
Benwallt: U get time to quote that girl. Maybe she earns 10 million monthly 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Originalsly: 1:25pm On May 26, 2022 |
Everything is relative. What is the cost of living where you live? If you live in Lagos.... depending where... N500 will put you somewhere in Middle Class ... upper or lower. If you live in a low cost of living State... then N500 will put you in the rich bracket. Rich is relative. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Najdorf: 1:26pm On May 26, 2022 |
franklingud:Poverty has dealt with this one's life 4 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by loko50(m): 1:28pm On May 26, 2022 |
If foreigners stumble on this thread, they will assume Nigerians are doing fine. Our politicians will continue to take us for a ride with this kind of mentality. People that are earning minimum wage or depending on other people (Maybe one person in their family of 10 is earning above 500k) are here calling 500k average salary. Na wa o 2 Likes 1 Share |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by babamoha(m): 1:28pm On May 26, 2022 |
If you don't spend unnecessarly you are a rich person and you will be able to attend to your basic want without grumbling . 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by miketayo(m): 1:28pm On May 26, 2022 |
Emmanuel909090: Nah you are average. In the next 5yrs below average. Things are expensive these days 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by UyaiIncomparabl(f): 1:29pm On May 26, 2022 |
AriseNews: LOL. ![]() |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Prettychild(f): 1:29pm On May 26, 2022 |
ObosiUkwalla:Depends on how you invest with the money, if you have an investment and solely relying on the 550k, you can become super rich |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by loko50(m): 1:29pm On May 26, 2022 |
Najdorf: How much do you earn? |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by waseun007: 1:29pm On May 26, 2022 |
now that he does not have mouths to feed coupled with the fact that his parent is a retired govt staff, we can consider him a rich guy. he has the viability to save 200 to 300k per month, conveniently UyaiIncomparabl: |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by AfroKnight: 1:29pm On May 26, 2022 |
UyaiIncomparabl: Nonsense talk. You obviously don’t know the meaning of “average”. 500k is far above the average salary in Nigeria. 3 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by UyaiIncomparabl(f): 1:30pm On May 26, 2022 |
AfroKnight: How much do you earn? |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by nosmassam(m): 1:32pm On May 26, 2022 |
By naija standard, you are very verrrrŕrrrrrŕy rich. Dats my 10 month salary 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by SUPERPACK: 1:33pm On May 26, 2022 |
735i:21st century illiterate 3 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Evidenx(m): 1:33pm On May 26, 2022 |
ObosiUkwalla:YOU ARE RICHLY RICH Oooo |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by cyndylove64(f): 1:33pm On May 26, 2022 |
ObosiUkwalla:in the current economy ,500k is not rich Even you yourself knows 500k is not enough for your expenses and responsibilities |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Imabong80(f): 1:35pm On May 26, 2022 |
True riches is not money in the bank but bankable assets. No matter how much salary you are paid, you are one step from poverty line the day you are laid off. 1 Like |
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