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Nairaland Forum / Nairaland / General / Jobs/Vacancies / Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? (47882 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 Calebzer: 2:43pm On May 26, 2022 |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by SUPERPACK: 2:44pm On May 26, 2022 |
bigman001:Did I tell you I am complaining? Being a millionaire or billionaire doesn't change peoples test, society and social group does. We still have millionaires even in America that take train or Bicycle rides to and from work and they are okay. 2 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by micxwell(m): 2:46pm On May 26, 2022 |
DroppingLiquid: |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Esales(m): 2:46pm On May 26, 2022 |
wirinet: I said let me indulge them na, in their mind, they'll spend 50k monthly and save 4m+ because they won't spend much ![]() ![]() ![]() |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by JBoss25(m): 2:47pm On May 26, 2022 |
franchasofficia:Funny abi |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by sirsugar(m): 2:47pm On May 26, 2022 |
LagBae:babe forget, a responsible man who take care of wife and children bills is damn rich in Nigeria,even if you earn 60k in Nigeria with wife and kids u can't be responsible yet u will be missing some aspect with that earning so that's not a rich dude, a rich dude in Nigeria is person that take responsibility of his family |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by newoffer: 2:49pm On May 26, 2022 |
Remove rent school fees and feeding. Check if u still rich |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Androgens: 2:49pm On May 26, 2022 |
SUPERPACK: 500k Is Just an Average Salary In a Working Nation.. 5 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Esales(m): 2:49pm On May 26, 2022 |
WIZGUY69: You obviously don't know anything. Even the pure water you drink has moved from #5 each to #20 each all because of the naira devaluation and you're talking bs. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Generalkontrato(m): 2:49pm On May 26, 2022 |
Bro,you are f*cking rich,here in naija, u dey collect 500k every month,u talk say u no be rich man, bro,u suppose dey go out with escort o.hah! 500k every month. Boss,abeg una stil get vacancy for ther,mek dem just pay me 200k,hah i don blow be dat. 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by rickleye: 2:49pm On May 26, 2022 |
What is your definition of rich is the argument here. We have low class, mid class, high class. Each of those groups have levels. Now let’s say the average salary is about $50,000 annually divide by 26 = $1900 per pay cheque. Taxes = leaves you with $1900x65% = $1250 Mobile Phone bills $60 Monthly Rent $1000 spilt in two $500 per pay School loans $100 Bus Pass $30 RRSP/TFSA $50 Food $100 Electricity $20 Credit Card/Line of credit $100 Home Internet $50 Netflix /Prime $20 per month So one is left with $1250 - $1100 ( $100) per pay cheque. Now if you are married, rent is split so you could save an additional $500 = $600 a month. I have not added people like the dude/fool who wanted his brother to buy him a 2017 vehicle instead of the es330. Or money sent home to support his parent back home. Or Miscellaneous ( rent insurance , health insurance, tithe and offering , clothes ) Compare that to someone who gets N500,000 a month. Who says he can save half of it 50% Whilst my brother abroad can only save 10% So who is Richer ? It’s all contextual. 2 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by WIZGUY69(m): 2:50pm On May 26, 2022 |
[s] UyaiIncomparabl:[/s] Any small thing Lekki. Is Lekki the only good place in Nigeria? Some of you mention Lekki all the time just to sound woke. ![]() NB: Lekki is overrated even in Nigeria's level. Yes. The roads are not smooth, okada everywhere, just clubs and oloshos everywhere. ![]() 7 Likes 1 Share |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by hush15: 2:51pm On May 26, 2022 |
ObosiUkwalla:its depends... |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by WIZGUY69(m): 2:51pm On May 26, 2022 |
Lokomoney: Another illiterate. ![]() 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by micxwell(m): 2:51pm On May 26, 2022 |
Ayinke93:Lol, calm down now. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Akharmony: 2:51pm On May 26, 2022 |
If you dont live for showoff then i think 500k is a good amount of money to earn per month and you can b considered rich if you know how to use your money . and i'm sure there are other basic allowances that will also come alongside for someone receiving such an month of money. . Just imagin if a private school teacher with Bsc / masters Degree can be earning such an amount. . ?? 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by t2luv1: 2:52pm On May 26, 2022 |
sumboty: Hummm Thanks for the analysis. Think I can retire in 5 yrs and start taking Social Security @ 62 monthly payment $1987 plus $4000 per month in 401k. Making it close to $6000. House paid for, Kids all grown. That means I can live large in Nigeria. Why freaking wait until 65!!! |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Neoteny7: 2:52pm On May 26, 2022 |
Kzinne: That's the road to misery and stinginess. You want to earn more to live more, not less. You've this false equivalency between profligacy and leveling up. If your standards of living are not in lockstep with your income....well, that's poverty. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Kentuforchrist(m): 2:55pm On May 26, 2022 |
WIZGUY69: Bro I tire for some people ooo the way they hype that lekki is something else if small rain fall booom everywhere don turn river….I stayed in lekki for 4 yrs and I tell u the truth apart from the hotels and clubs and some business hubs and houses that place looks like a glorified village I stay at magodo now and I could tell u this place better pass some place for that lekki 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Androgens: 2:56pm On May 26, 2022 |
meobizy: Like WTF lol 500k Is Just $1000. Buharii have truly finished these Zombies.. ![]() 4 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by niel63(m): 2:56pm On May 26, 2022 |
SUPERPACK:Story. How then do you enjoy your money? Please enlighten me. 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by MaZee1: 2:56pm On May 26, 2022 |
I earn 2.7m monthly and I don't consider myself rich yet |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by mailemy(m): 2:59pm On May 26, 2022 |
500k per month in Nigeria is a big money. You are rich. ObosiUkwalla: |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Androgens: 2:59pm On May 26, 2022 |
.. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by zuto4u(m): 3:00pm On May 26, 2022 |
Stop this nonsense oga. His lifestyle is not boring at all. I also live that kind of lifestyle and I am a very happy young man. Most guys around me have tried all they could to influence my lifestyle but I resisted them all and they resorted to calling me boring but I don't care. My beautiful wife and family love me the way I am and that is all that matters Onariii: 2 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by 43Ronin: 3:00pm On May 26, 2022 |
Bro don't ever use naira to pay bills for someone abroad plss. That guy is not a friend but an opportunist. 500k for a single guy is ok, but you married with kids in school, it ain't shiit. Pls save as much as you can so u can japa. Nigerias inflation will make you poor over time as it makes things more expensive. $1= =N= 610 currently divide it by 510k = $840 bro. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by olyrayy(m): 3:01pm On May 26, 2022 |
meobizy: Laughs in Purchasing Power Parity. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Androgens: 3:02pm On May 26, 2022 |
Lokomoney: Lol The Youths of this Nation are worse than their elders believe me. I am planning my Jakpa already... |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by OurSeun(m): 3:03pm On May 26, 2022 |
ObosiUkwalla: Bro na intimidation be this oo.... 512k/ month? This is much. Sir help me find work oo |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by WIZGUY69(m): 3:04pm On May 26, 2022 |
Kentuforchrist: I swear. ![]() Very irritating lifestyle. It's even the morons that stays in the ghetto part of Lagos that hypes Lekki the most. I have been to all major cities in Nigeria. Lekki no just follow when it comes to good location with good living conditions. Just because it's overpriced doesn't mean everybody there are millionaires. Any small thing, you can't do this and that in Lekki. Magodo will give Lekki a run for it's money any day any time. Unexposed lots. We haven't talked about Dope places in Abuja, Kano and PH o. If it' rains there, every one will still go about their daily activities. And Okada no de move up and down for those places. Ugly oloshos too won't charge you huge amount of money too. There are up to 10 places in Lagos that are better than that Lekki. 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by WIZGUY69(m): 3:07pm On May 26, 2022 |
Esales: That's not what I am saying ![]() When people are talking about income and standards of living in Nigeria or any other country of the world, use the local currency as the S.I units in the standard of living. This is me advising you in case of next time. ![]() |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Kentuforchrist(m): 3:08pm On May 26, 2022 |
WIZGUY69: Aswear and most of those places na mainland e dea oooo I wish to visit abuja soon |
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