Johnchrix:


Married men are surviving with 150k in This same Nigeria so what are you saying, what he need is to work on his life style.

also I pray we all make it. 150k a month for a family man is 5k per day. A family man and his wife and kids will spend no less than 3k on food daily. Transportation is there, DStv, generator fuel and other expenses. I swear, Baba, 150k is not sufficient for a family unless they will struggle

Theunbothered:


If you have to keep a minimum lifestyle you are already admitting the money isn't enough

Even for a maximum and extravagant lifestyle, is any amount of money truly enough??!

Why do steady Billionaires still hustle for more??!

Warren Buffett is a Billionaire who has been frugal/minimalist all his Billionaire life... That's his choice!

If you wish to look down on half a million or even 1 million, that's your choice, not because the money isn't enough to get you a good life.

Many of you are just being unrealistic and bragging to the birds!

500k na big money oooooooo

Yeah

Na big boy....

Nope, convert 500k to dollar and see that you are not even earning 1000usd

Op you are just average.
You will be living good but it can't be said you are a rich man.
Taking myself as an example, I earn a bit less than that and I'm very single, but the truth is I'm basically struggling. I don't even feel being average let alone rich.
It might sound funny but when you start earning that you will understand.
The only way you can be termed rich with 500k monthly salary is if you are very prudent and have a saving culture and have worked for some years to have saved or invested much money.
So op, no allow your brother de make you buga

Some people on this thread sef eeh..
Oga being rich is your mindset, your 500k is someone else tithe so calm down, you will be the one to define what you mean by rich, i know a tailor that's makes about 300-400k/ month but if you see him eeh baba fresh die. He has a car for the family, currently building his own bungalow his wife has a business, So what more do you want? You want to compete with politicians ni? Being rich is a mindset abeg

doyin01:


You people should take it easy with exaggerations pls...18million naira can get you a decent house in lagos , it depends on the location...the price of a five bedroom apartment in yaba is not the same as a five bedroom apartment in lekki....

For example a duplex sold for 50million in surulere will be worth 150million at lekki...the location also determines the value itself..


.it depends on the location...but you can get a decent house in lagos for 15million.....FACT!!!!!!!!!!Ask any genuine real estate agent around you.....



That is how someone told me you cannot get a land of 5million in lagos and I was like " who is lying to these people "....

I doubt you own a property in Lagos. What kind of land will you get for 5m in Lagos? What kind of house will you get for 18m in Lagos? Mowe, Ibafo, Akute are not part of Lagos o...Maybe Ikorodu.

Esales:


Others are just being sentimental, 500k is $830 salary monthly. My sister earned $1,200 as a nanny for a special needs child with only waec back in the days in the USA and someone said 500k is rich. This just goes to show that people are living in squalor in this country.

500k is average. I earn 1m+ monthly and I don't see myself as rich at all, I still have a long way to go. Plot of land is in millions, good cars are expensive. I refuse to buy a car older than 7yrs, that's 2015, check the price. I had to upgrade my apartment after hoodlums broke into my former apartment cus I stopped "dropping something", I lost over 2m worth of property in that raid cus I wanted to live in an apartment below 1m, now my first priority is security and a sane neighborhood, rent is now well above 2m.
Building a house? Plot of land in bariga is around 10m+/- 10% currently, I won't go to live with snakes and scorpions or subject myself to a life of 6hrs daily traffic cus I want to build my house on a land of 1-2m.

Rich starts from at least 2-3m. Anything lower is average.

You lost your the argument when you compared two nations with different economies and GDP.

This is the problem with most of you so called high thinkers... You overthink to the point of depression.

I earn in Dollars as a writer in Nigeria. That makes me wealthier than someone earning the same Dollars based abroad. Why would you compare an American living in America with a Nigerian living in Nigerian?!!

Do you know the debt burden of the average American?!! Do you know most Americans pay debts till retirement, while their counterparts in Nigeria earning equivalent amount (emphasis on equivalent) live debt free, and even save far more before retirement!

Most seriously working and hustling Nigerians live more comfortably than they can imagine or truly realize.

Well, keep up your money pursuits till you get to that subjective wealth you desire... Please, allow those who feel they are rich within an income you consider average be!

Thank you.

UyaiIncomparabl:


Yes, lifestyle matters. Also, how much responsibilities you carry matters too.

Am serious. This guy can drink morning to night every day

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

aslong as u are earning salary u are not rich especially if u have no savings or investment. I dint care if u earn 1m a month.

u are still living on a credit line.

If anything happens to than job God forbid and u can't maintain the lifestyle u have or want then u can't possibly be rich. it is an illusion.

N2B2:


Earning just north of 700k per month here, and I don't consider myself rich. Comfortable, maybe, but certainly not rich.

The truly rich are those buying #100 million presidential forms like pure water, and even to them, there's someone richer.

Rich is relative, bro.

You can't put Wizkid and C Ronaldo in the same sentence.
Just like you can't put Dangote and Musk in the same context.
With his monthly 500k, that guy can progress through stages of "rich", through strategic planning and investment with time.

WIZGUY69:


Exactly. Mainland. Ikeja GRA and Co.
I can't believe this is me going against Lekki. Because Lekki is still my favorite part of Lagos, judging by the night life and the girls there
I just hate the fact that every tom and Jerry always use Lekki as a yardstick for 'decent' standard of living in Nigeria. Or where High income earners lives. Lmfao. So many fake people lives there. People owing 3 monthly rental fees just to feel among. People that have no business staying in the Island. And for their mind they know what's up. The Okada thingy and accessibility is really an eyesore for a supposed High income location.

Lol Aswear fake lifestyle they reign for that place I prefer my mainland abeg if money dea na to japa commot for naija

pongwa:
poverty won't leave you with this mentality

i swear..

Rich is a mindset, with 500k you can comfortably pay all your bills and have change,
you can save and buy a car in 2years.
you can build your house in 5years
you can open additional business
you can marry and start a family even with less sef
You can train your children in school
you can send your family members outside the country.
Give an anambra man 500k/mnth for a year and visit him back in 10years time. una go dey talk rubbish

Ghostrye:

that's cute, now please stop talking

Come and shut me up.

xtervaganza:
also I pray we all make it. 150k a month for a family man is 5k per day. A family man and his wife and kids will spend no less than 3k on food daily. Transportation is there, DStv, generator fuel and other expenses. I swear, Baba, 150k is not sufficient for a family unless they will struggle

True sir... 150k is quite small even for a bachelor, but that is the reality of most Nigerians today.

How many Nigerians see legit 500k every month to call it common or average?!! That is my bone of contention on this thread.

Many of those making empty noise about how small the amount is actually live well on less as we type. So why the needless bragging all over?!!

The annoying part is this constant comparison with those earning Dollars abroad... Like what kinda dull economics is that?!!

BePrepared:



I like the way you sound like a classic lady.

Plz aunty m how much do u earn

Just a hint

10k.

NOETHNICITY:
Poor man is trying to teach me how to be rich. Ok Oga sir, you have won.

no be fight man. Truth is bitter anyway. I also perceive you have poverty of knowledge and understanding. If you think you need a particular sum to be rich then you are not far from poverty.


'Rich' is a mindset, the one that enables a man to make decisions that'll add value to his life. You have to get it right first before you escape poverty. I thought you knew that. For that guy to land a job of 500k plus, it means that he has something qnd its that thing that will add value to his life. Not knowing this amounts to poverty (I don tire to type)

pongwa:
shut up, 500k plus salary means you are rich.

Shut up, 500k salary isn't rich.

UyaiIncomparabl:


Start earning it and you will know.

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

This is not true.
Over the last 12 months, my earnings increased by an excellent percentage and I have more savings than in any other year.
The reason is simple, I did not change my lifestyle. Besides Food, TP, and rent, what took money out of my pocket was gifting.

t2luv1:


Woman you are getting on my last good nerve now. Rich !!! define rich

LOL.

Oga, swerve abeg.

dvkot:
i swear..

Rich is a mindset, with 500k you can comfortably pay all your bills and have change,
you can save and buy a car in 2years.
you can build your house in 5years
you can open additional business
you can marry and start a family even with less sef
You can train your children in school
you can send your family members outside the country.
Give an anambra man 500k/mnth for a year and visit him back in 10years time. una go dey talk rubbish

walahi I just replied someone now I a manner similar to yours. God bless you. I didn't even read this before

UyaiIncomparabl:


Shut up, 500k salary isn't rich.

I give up

micxwell:

Don't generalize this pls. Must my taste increase with my income.

You can stay the way you want for as long as it pleases you.

You are broke ass young man , guys were making 500k in 2012 and were regarded as niche players talk-less of now that 500k nairaland is truly a hanging out money

LINTUNE:
how much do u earn?...stop all this hypocrisy, being rich is different from being wealthy,and being rich also has degree...a person earning 500k steadily every month is rich in a way, that's if ur take home is 500k...stop all this forming..u yourself how much do u earn, show us prove that u earn up to that amount too.no mind the mumu, I sure say she never even date person wey de earn that amount legitimately before ....mumu girl de form porsh..dangote na boy for where Elon musk de, cos he's worth is not even up to 5% of elon,s networth...but that doesn't mean dangote is not stupidly rich ..naso life be..

LMAO.

You don't expect me to read this gibberish you wrote, right?

dvkot:
i swear..

Rich is a mindset, with 500k you can comfortably pay all your bills and have change,
you can save and buy a car in 2years.
you can build your house in 5years
you can open additional business
you can marry and start a family even with less sef
You can train your children in school
you can send your family members outside the country.
Give an anambra man 500k/mnth for a year and visit him back in 10years time. una go dey talk rubbish

Buy a car in two years ? Boy this is really bad , the rulers of this country will die a miserable death if one have to slave for two years to buy a used smoke puffing car

Angelfrost:


You lost your the argument when you compared two nations with different economies and GDP.

This is the problem with most of you so called high thinkers... You overthink to the point of depression.

I earn in Dollars as a writer in Nigeria. That makes me wealthier than someone earning the same Dollars based abroad. Why would you compare an American living in America with a Nigerian living in Nigerian?!!

Do you know the debt burden of the average American?!! Do you know most Americans pay debts till retirement, while their counterparts in Nigeria earning equivalent amount (emphasis on equivalent) live debt free, and even save far more before retirement!

Most seriously working and hustling Nigerians live more comfortably than they can imagine or truly realize.

Well, keep up your money pursuits till you get to that subjective wealth you desire... Please, allow those who feel they are rich within an income you consider average be!

Thank you.

Nice argument partly valid and partly invalid because Nigeria's economy is import dependent. Everything you use in Nigeria is imported, from your bone straight hair to your UK bra, even the sanitary pads and cd's are all imported. So the value of the currency you're using to import matters.

If Nigeria isn't import dependent, nobody will talk about dollar rate but now. It's highly necessary.
Pure water in 2014 was #5. Dollar was #160
Pure water today is #20. Dollar is #600

So once again, dollar price is highly important.

WIZGUY69:


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.

So in all the epistle I wrote, all you understand is that he is broke by American standards?

Such person is not rich to me either. More money, more problems.

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.

Slynation:
You say Rich man?? He's a ritualists

Lol