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Nairaland Forum / Nairaland / General / Travel / Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts (19064 Views)
"You Have No Business Relocating Abroad If You’re 40 & Above" Abroad-based Lady / Please What Are The Chances Of A 40 Year Old Man Relocating Abroad? / If You are Doing Well In Nigeria, You Have No Business Relocating Abroad (2) (3) (4)
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Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by Validated: 2:09pm On Jul 27, 2023 |
At 45 years old you could still land a great job in Canada, but before leaving, endeavor to upscale your professional profile. Pursue ACCA, ACMA/CGMA or CFA. Look up on CISA and CISM, but the knowing doing gap may be a problem. Ensure you are mid-way into these programs before leaving, so you can close them in Canada. Apply to take an accounting course in Pacific Canada area in University or college, then move over to Ontario as soon as you get CPA. As for your children, DO NOT BE DESPAIR!!! You may think they will be wayward in Canada, but hell NO! Infact, your children are more vulnerable in Nigeria than Canada. Trust me, I will not tell you what I do not know. 5 Likes |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by bandOFhorses: 2:16pm On Jul 27, 2023 |
it's hard these days for your kids to grow up sane in the western world. it's even hard to guide their choices. Stay in Nigeria. invest in agriculture. make more money and take your family to visit exotic places around the world |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by Exceed15: 2:19pm On Jul 27, 2023 |
If you have the financial strength I'd advise you relocate to Canada not UK. I pray God guides you as you make this sacrifice for your beautiful family. |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by theamazonguru(m): 2:23pm On Jul 27, 2023 |
Usefulsense: Please what does CPA mean ? Thanks |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by gabbytabby: 2:23pm On Jul 27, 2023 |
[quote author=abolade4uall post=124695138][/quote] https://www.gov.uk/guidance/recruit-teachers-from-overseas |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by gabbytabby: 2:26pm On Jul 27, 2023 |
[quote author=abolade4uall post=124695138][/quote] https://getintoteaching.education.gov.uk/non-uk-teachers |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by bigtt76(f): 2:30pm On Jul 27, 2023 |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by bigtt76(f): 2:30pm On Jul 27, 2023 |
Very good advice Validated: |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by bigtt76(f): 2:31pm On Jul 27, 2023 |
Another good advice Usefulsense: |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by Ndidi2: 2:32pm On Jul 27, 2023 |
ednut1:my thought exactly. |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by OBA2503: 2:34pm On Jul 27, 2023 |
I'm close to your situation. The only difference is am still gainfully employed. The fact is Nigeria is only going to get tougher in the current situation. This is not to say that the policies and decisions under the present administration is wrong. It's just a case of things are going to get really tough before getting any better. And, this will come with deliberate, consistent and concerted effort from the people in power. Now, back to the matter at hand. My advice would be to relocate abroad. Not UK cos that place is a trap unless you have God's grace seriously going with you. The primary aim of any travel is to get the papers to live freely and enjoy the benefits like your home country. In the UK, it might take a long while to acquire such paperwork for yourself and family. Having said that, Canada and US (if possible) are better options. I read a thread about the Scandinavian countries (which I have no idea about). This is not to say that Canada does not have its challenges with its high tax system, high housing rate and high inflation. However, with proper planning and self discipline you can overcome and achieve a lot in a few years whilst also getting your papers in record time (less than 10years). Now, for relocating, I would advise you first of all get on the Express Entry pool, get the French lesson sorted, and as a last resort look for admission to an institution over there to get your family to Canada. These are the only plausible options apart from getting a job which is not so common these days. Doing business in Nigeria is also good but it comes with a lot of risk especially when you consider the current economic downturn, lack of knowledge in that space and the fact that you will need time to get a hang of Nigeria's business peculiarities. It can go either way, good or bad. To make a calculated risk, convert as much money as you can allow to foreign investments and manage your resources. Cut cost, look for other job opportunities in the short term (even if its a lower pay) and go fully on whatever decision you make. All the best. 2 Likes 2 Shares |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by theamazonguru(m): 2:38pm On Jul 27, 2023 |
bigtt76: Thanks 👍 |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by laplace19(m): 2:39pm On Jul 27, 2023 |
Alejo2000: Let me share to you what I intend doing with such money, latest next year December after I get married. 1) To open a pharmacy shop for my wife. For me, this is the only buisness that will always sell. I'm looking at 6 to 8mil for it, including the shop and drugs...Though if I can get it up to 10mil before that time it will be okay but for now, I'm working on the initial budget. However, if I see a good location that will thrive very much for the pharmacy business, I'm willing to sell a plot to raise additional funds for the business. 2) I've some lands in different states like you... I've 2 plots in an estate in umuahia where I intend to use for BLOCK INDUSTRY (meanwhile, I'm a civil engineer) once the estate starts development from next year. 3) If the pharmacy shop won't work, another option for me is to put the whole funds together and buy a truck(25mil to 30mil) which I'll register under a company that will be managing it. Let me break this down... I'm currently doing a project in asaba and I made the enquiry. For such truck(new one), weekly payment is between 400 to 500k... Monthly is around 1.5mil to 2mil with a condition that they'll be doing minor repairs while you do major repairs...but you can negotiate with a company to be doing the major repairs so that you won't be cheated on. So you can look into this direction if you're in a city where a lot of construction jobs is going on. Abroad doesn't thrill me. I've seen people spend so much(ranging from 23mil to 30mil) traveling with their family and I'm not ready to spend such amount of money because I'm traveling abroad(I've been there in 2015 on a 2 weeks vacation) so it doesn't move me one bit. 4 Likes |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by bigtt76(f): 2:45pm On Jul 27, 2023 |
Who told you this? Don't write yourself off. First thing you should do is take a breather and don't stress yourself too much, do a gap analysis of your skills. What you have now and what's required out there. Up-skill yourself and your wife, Start applying to jobs in the UK which practise a similar accounting system like Nigeria. With 15 years working in a private sector, you obviously have transferable skills needed outside Nigeria especially financial reporting and auditing skills. Throw in a bit of data and business analytics you might be up to something. All the best. Alejo2000: |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by lawrenzooo: 2:45pm On Jul 27, 2023 |
tensazangetsu20:As much as possible, avoid middle men. 1 Like |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by IbeOkehie: 2:49pm On Jul 27, 2023 |
ednut1: This is the best nugget of wisdom on this thread. And this is why having children as early as practicable is a good thing. In Nigeria today there's many 50 to 60 yr olds who are majorly dependent on their young adult children for sustenance. Survival and success is a generational pursuit. If this is indeed a real situation, I wish you all the best. 1 Like |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by zed7: 2:49pm On Jul 27, 2023 |
tensazangetsu20:I know a guy like you. He spends all his time researching on travelling out. Always dreamt of travelling out until he turned 50. All his peers had moved on in life and he had accomplished nothing. You always seem to know all the routes and all the strategies involved in travelling out. I hope you're doing something with your life though? 4 Likes 1 Share |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by Westwood2580: 2:51pm On Jul 27, 2023 |
priceactionx:Quickbooks and Xerox are great softwares for a practicing accountant. 2 Likes 2 Shares |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by felixzo1(m): 2:52pm On Jul 27, 2023 |
Alejo2000:Australia also has perment residence visa, you could be eligible. check the Australia visa thread for details. |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by Westwood2580: 2:54pm On Jul 27, 2023 |
I don't know if you will consider my advice but i will advice you to enroll for project management bootcamp that will also help you to leverage your existing accounting experience to more fulfilling career. Just six months u should be fully ready to work as a project manager.. You're not too old to learn new skills. 2 Likes |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by OChimex: 2:55pm On Jul 27, 2023 |
Alejo2000: My honest opinion, first, I live in the US, Relocating at your age with your family to any foreign country will drive you crazy because of the change in everything especially work stress and bills, they are getting crazily expensive. US is all about starting on time and working your ass off smartly to build a career over the course of at least 10 years. No short cut in developed countries, it’s pure hard work and smartness and many years to build a career and start earning well. But with your family, it will be killing for you. At this point and age, the only way it will be justified is if you are seeking survival. With 20 million, you can invest hugely in something in Nigeria and still make a lot and when your family have a stable steady income, you can make a move first and settle and bring them over, but then it’s risky too because of your absence can cause a huge trouble in your family. Just make proper deep research about investing in Nigeria. But again, you will be overwhelmed moving to foreign land with kids and wife at your age. If say you are not married, I for advise you to relocate and once you move, then package your self so well and try grab one oyinbo woman wey go help you settle and stabilize. I hate to say this too, walahi if you move here as a family man, you go see fine oyinbo women wey fine soteee you go dey regret why you moved here as a married man 😂 2 Likes |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by Odion8: 3:01pm On Jul 27, 2023 |
Nice advice. OChimex: franchasofficia: 1 Like 1 Share |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by tensazangetsu20(m): 3:02pm On Jul 27, 2023 |
zed7: I am eating agbado in agbado kingdom ![]() ![]() ![]() ![]() 1 Like |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by MeineMutter: 3:05pm On Jul 27, 2023 |
Alejo2000: It’s a pity that we don’t know your profession and/or whether you have transferable skills or not. Based on the little you wrote about yourself, I will say these: - go but don’t plan staying longer because you are already old for their system. Going abroad will give you certain exposure and change your orientation about some things. - be ready to do menial jobs all through. - don’t plan to stay longer than 5 to 7 years if you don’t want to be useless. - save while you work there and start commercial projects on your land you have back home. Don’t think of using your savings to build any house ‘to your taste o’ - at least while you are still abroad. - it would be better if you and your wife can pull resources together to build more units of simple rentable structures on those land. - when it is 10 years (max), leave and go and face your investments fully in Nigeria. Things would have improved a bit in Nigeria but it won’t get to the level of that of western world. Ire o. |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by dfrost: 3:13pm On Jul 27, 2023 |
Alejo2000: Hi Alejo2000, You have gathered a lot from this thread so mine might really mean nothing. You have the money already. Bank it or save up in fx and keep it as a trust fund for your children (just 3/4 of it) or invest in landed properties. Move your children to a stable African French-speaking country. Thereby you have given them a head start on a new language before 2 to 3 years, they are already fluent. Always remember, you are investing in your children. They are your primary goal for now. Forget about yourself. In Shaa Allah, when they are balanced in life, they can always pull you and your wife over for vacation and longer stays eventually. |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by darejoshua1(m): 3:18pm On Jul 27, 2023 |
Based on my experience. Please guide your available fund jealously. Be very care about starting business except you are 💯 sure of the exact returns. I tried a factory, well planned, well funded, strategically located. Yet it failed, it was crumbled within 2years and all funds including borrowed funds wasted. No thanks to my Sales Department. Meanwhile, 'am a Chartered Accountant & a Business Manager with decades of experience. Yet it failed. If you want to startup, BE CAREFUL. Japa as an option is not a bad choice at all. Unlike your case, I was still gainfully employed & getting good pay when I made the decision to relocate. I delayed it because I was hoping to start a successful business & stay in Nigeria but it changed when I lost millions in the failed business. I started thinking & taking steps to relocate. Finally, it happened & now in Canada with my family. For us, it's the best decision we made. We started all over last year when we landed but to the Glory of God we are almost settled now. On japa. Just be mindful of the country, relocation platform & how to achieve your target. BE CAREFUL when dealing with Travel Agents. Getting Accounting Job is not a problem because there are openings everyday although you may start small but you will grow fast especially as an Accountant. My short term advice. Invest your 20m in an upfront-interest yielding investment for 6-12months i.e Treasury Bills, Fixed Deposit or with stable Asset Management Company. Negotiate for the highest rate like 18%, take your interest upfront that between 3m - 3.6m. Manage with it while you take decisions. Buying FX is a good option also but not at this time when the rate is unnecessarily high with potential to drop after school fees payment rush. I wish you all the best. 5 Likes 1 Share |
Re: Seeking Honest Advice: Considering Relocating Abroad - Need Your Thoughts by Icon16(m): 3:24pm On Jul 27, 2023 |
I currently lives in UK at age 33. I moved in with my wife early this year, I will advise you move into any state like osun, Kwara, Oyo or ogun get a land on leasing arrangement that will cost you less, engage the service of expert in crop farming in part time contract to save cost. Your harvest in maize and cassava can triple your investment . I can help you for land if your choice is Kwara You need to know that you need land that will be free from herdsmen. The UK is no longer granting dependant visa from January but your savings can turn you to a very big man in Naija You can also engage the local craftsmen to craft some machine that will not cost more than 1m to process those produce for you that will enable you to keep them to when the price will appreciate in the market b4 selling 1 Like |
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