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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 xtervaganza(m): 3:49pm On May 26, 2022 |
Johnchrix: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 |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Angelfrost(m): 3:51pm On May 26, 2022 |
Theunbothered: 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! ![]() 2 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by shams040(m): 3:53pm On May 26, 2022 |
500k na big money oooooooo |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Bbbw: 3:58pm On May 26, 2022 |
Yeah |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by oluwasegun007(m): 3:58pm On May 26, 2022 |
Na big boy.... |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by petzhy(m): 3:59pm On May 26, 2022 |
Nope, convert 500k to dollar and see that you are not even earning 1000usd |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Bouncin(m): 4:01pm On May 26, 2022 |
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 ![]() |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by dvkot(m): 4:01pm On May 26, 2022 |
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 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by ndidibabe(f): 4:03pm On May 26, 2022 |
doyin01: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. 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Angelfrost(m): 4:03pm On May 26, 2022 |
Esales: 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. 6 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by checkoutEnugu: 4:04pm On May 26, 2022 |
UyaiIncomparabl: Am serious. This guy can drink morning to night every day |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by jaxxy(m): 4:05pm On May 26, 2022 |
ObosiUkwalla: 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. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Karnice600: 4:06pm On May 26, 2022 |
N2B2: 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. 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Kentuforchrist(m): 4:07pm On May 26, 2022 |
WIZGUY69: Lol Aswear fake lifestyle they reign for that place I prefer my mainland abeg if money dea na to japa commot for naija 2 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by dvkot(m): 4:07pm On May 26, 2022 |
pongwa: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 3 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by UyaiIncomparabl(f): 4:07pm On May 26, 2022 |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Angelfrost(m): 4:08pm On May 26, 2022 |
xtervaganza: 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?!! 3 Likes 1 Share |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by UyaiIncomparabl(f): 4:08pm On May 26, 2022 |
BePrepared: 10k. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by pongwa(m): 4:08pm On May 26, 2022 |
NOETHNICITY: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) |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by UyaiIncomparabl(f): 4:08pm On May 26, 2022 |
pongwa: Shut up, 500k salary isn't rich. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by SeunNotOwner: 4:09pm On May 26, 2022 |
UyaiIncomparabl: 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. 2 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by UyaiIncomparabl(f): 4:10pm On May 26, 2022 |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by pongwa(m): 4:10pm On May 26, 2022 |
dvkot:walahi I just replied someone now I a manner similar to yours. God bless you. I didn't even read this before 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by pongwa(m): 4:12pm On May 26, 2022 |
UyaiIncomparabl:I give up |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by UyaiIncomparabl(f): 4:12pm On May 26, 2022 |
micxwell: You can stay the way you want for as long as it pleases you. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by amuwo1980: 4:13pm On May 26, 2022 |
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 |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by UyaiIncomparabl(f): 4:14pm On May 26, 2022 |
LINTUNE: LMAO. ![]() You don't expect me to read this gibberish you wrote, right? |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by amuwo1980: 4:15pm On May 26, 2022 |
dvkot: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 3 Likes |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Esales(m): 4:17pm On May 26, 2022 |
Angelfrost: 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. |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Esales(m): 4:19pm On May 26, 2022 |
WIZGUY69: So in all the epistle I wrote, all you understand is that he is broke by American standards? |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Plugsk(m): 4:22pm On May 26, 2022 |
Such person is not rich to me either. More money, more problems. UyaiIncomparabl: 1 Like |
Re: Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? by Emmanuel909090: 4:25pm On May 26, 2022 |
Slynation: Lol |
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