I Need Advice On What To Do With My N300k Savings From Allaweee - NYSC - Nairaland
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| I Need Advice On What To Do With My N300k Savings From Allaweee by jwax: 7:46pm On Aug 09, 2017 |
Nairalanders please I need your candid advise. Presently I am a Batch B corp member that will be passing out in October. Have been able to save up to N300,000 during this service period. I never touched my allawee, I didn't buy any clothes or even clubbed, I fed and lived on money I get from private lessons and the 5k Stipend my PPA give me, so that made me to save allawee and also the little I get from private lessons. Right now I will be going into labor market and my heart is already beating fast. The money isn't enough to even rent a shop and I don't know what to invest in, I don't want to go into network marketing cos even my 140k in Swiss Golden didn't come back to me and am so pained. Please I need investment advise 52 Likes 6 Shares |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by mercyib(m): 7:58pm On Aug 09, 2017 |
I like the fact that you are not looking for jobs on NL, View this thread, do the needful and thank me later. https://www.nairaland.com/3960817/get-trained-stop-looking-jobs 2 Likes 1 Share |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by jwax: 8:04pm On Aug 09, 2017 |
mercyib: Thanks bro 2 Likes |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Nobody: 8:04pm On Aug 09, 2017 |
What do you need a shop for? Start a mobile business. There are many websites where you can advertise. Olx, jiji etc. Choose somethin' u have a flair for so when the goin' gets tough sheer interest will keep you goin'. Laptops & Phones move fast & are very portable & will still allow you work 9-5 if you want. You can offer lower prices since you don't pay shop rent nor salaries & (probably) still single... except you have a Slay Mama ready to milk you dry. 46 Likes 2 Shares |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by senatorken01(m): 8:57pm On Aug 09, 2017 |
jwax: GO and start fish farming bro or go into poultry ... it pays later 27 Likes 1 Share |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by elyte89: 9:09pm On Aug 09, 2017 |
Ogbeni ,300k,u no chop at all during service  180 Likes 6 Shares |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Samabu07(m): 9:13pm On Aug 09, 2017 |
jwax:Buy bitcoin and leave it in your wallet. It would appreciate. Also, you can invest in USITECH - a package goes for $60. 11 Likes 2 Shares |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Nobody: 9:18pm On Aug 09, 2017 |
I'm here to get ideas. same situation as you op. I also have been saving since I started NYSC. I'd pass out in October as well. I've Been thinking about the labour market though I have a First Class in mathematics and this university I'm serving might have interest in me. I want to start a business after passing out. cheers. may we be favoured. 86 Likes 3 Shares |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Mcdons205(m): 9:26pm On Aug 09, 2017 |
jwax: Hello, i would advise you go into real estate , since you might not be interested in Online Marketing . For more details on it send a whatsapp message to this number +2348143960033 2 Likes |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Buharison: 9:27pm On Aug 09, 2017 |
Bring it let's campaign for Buhari 98 Likes 7 Shares |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by sotall(m): 9:27pm On Aug 09, 2017 |
Assuming you saved all your allowance for the whole service year, you will have19800 * 12= 237600 . How come you now have 300K?? Shey you no dey chop  Drink nko? Other expenses nko?It means you were doing other things in addition to your nysc stipend. My advice keep doing what you were doing that helped you saved that much. 183 Likes 6 Shares |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Khutie: 9:27pm On Aug 09, 2017 |
Open bet shop, thank me later. 20 Likes 1 Share |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by KendrickAyomide: 9:28pm On Aug 09, 2017 |
put am for MMM na?? 29 Likes 1 Share |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by deepwater(f): 9:28pm On Aug 09, 2017 |
Op, take a chill pill. Don't rush into anything yet, Nigeria of today is business scary and with 300k you don't have any business money yet. Take that money to the nearest stanbic IBTC branch and buy treasury bills from the FG for 364 days tenure at primary market. I have mentioned stanbic in order to make you achieve the best rate. Interest rate are very high now. Collect your interest upfront and experiment on anything that comes to your mind at pilot scale only. At maturity date, your 300k alert would wake u up, you may decide to push the funds into whatever your have experimented with if the ropes have been learnt well enough. In the interim, while you experiment at pilot scale with your interest from treasury bills, apply for jobs and consider getting a salary job, you are a fresh graduate don't be afraid of climbing the ropes with little pay. Better pay comes with better work experience which is obtained from the beginning. Don't consider your self an entrepreneur as true entrepreneurs don't get stuck with money and no ideas. People must have poisoned your mind NOT to work on a salary scale, my brother look well, the same people couldn't secure a job after much trials. All the best and happy investing. N. B: there is a thread on TREASURY BILLS here on Nairaland that will educate you and give you financial buoyancy, many don't know because secrets to wealth are never revealed nor advertised but are being discussed like it doesn't matter.  176 Likes 26 Shares |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Realkenny(m): 9:28pm On Aug 09, 2017 |
Spend it on girls 6 Likes |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by swiz123(m): 9:28pm On Aug 09, 2017 |
Come to aba and buy underwears,then go back and sell. The business isn't a fancy one sha but considering your capital,boxers biz will be lucrative 8 Likes 1 Share |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Eastatlantaniqqa(m): 9:28pm On Aug 09, 2017 |
 1 Like |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Bangalee10(m): 9:29pm On Aug 09, 2017 |
start up a small business, send me a message I will give different bizz to start up 1 Like |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by AngelicBeing: 9:29pm On Aug 09, 2017 |
folashade96:Hian 43 Likes 1 Share
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| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by helphelp: 9:29pm On Aug 09, 2017 |
Carry 1.5 odds for bet9ja You will make a profit of 150k or lose every 64 Likes 4 Shares |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Yabiola26(m): 9:29pm On Aug 09, 2017 |
jwax: Join a what'sapp agropenuer group and thank me later you will be glad you did.. An exerpts from the group today COST BREAKDOWN OF ONE HECTARE OF MAIZE 1. Mechanical land clearing and preparation = N25,000 2. Land lease charges: N8,500 per hectare per year 3. Consultancy and administrative fees = N25,000/hectare/planting season (these include security arrangement, community development services, signpost construction/demarcation barriers, logistics, research and farm management) 4. Maize seeds @ N700 per kg, 20kg will be needed for 1hectare = N14,000 5. Mechanical Planting = (N10,000 per hectare) 6. Pre-emergence herbicides (5 liters at N2500/l) = N12,500 7. Fertilizer (ratio of 20:10:10, 9 bags at N10,000/bag) = N90,000 8. Application of herbicides = N10,000 9. Labour cost for application of fertilizer (8 pd at N500/pd) = N4,000 10. I Unit of Knapsack Sprayer = N2,000 (One-time purchase). 11. Harvesting = N15,000 12. Miscellaneous (especially for unforeseen expenses or circumstances, for example in case we may have to buy pesticides, for example, there was an infestation of army worms last season so we have to be fully prepared, although the chances of insect attack in maize is very low, we have to be prepared for all outcomes) = N15,000 Total COST OF FIRST SEASON OF PLANTING = N231,000 COST OF SECOND SEASON OF PLANTING = N204,000 MAIZE GROWS VERY QUICKLY, READY FOR HARVEST IN JUST TWO MONTHS AND THESE EXPENSES ARE MADE OVER THE SAME PERIOD AND NOT AT ONCE. PROFITS AND RETURNS You can get up to 2 tonnes (2,000kg), of processed maize grains from one hectare. One tonne goes for N183,130 and two tonnes will be N366,260. PURE PROFITS IN FIRST SEASON = N135,260 PURE PROFITS IN SECOND AND SUBSEQUENT SEASONS = N162,260 PLEASE NOTE: JOINING A GROUP OR PAIRING UP WITH A NAIRA MEMBER GREATLY REDUCES THE COST. A GROUP CAN HAVE A MAXIMUM OF SIX PEOPLE. 47 Likes 5 Shares |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Afam4eva(m): 9:30pm On Aug 09, 2017 |
300k? Did you serve the nation for 5 years? 57 Likes 1 Share |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by sweatlana: 9:30pm On Aug 09, 2017 |
Nigeria is just too hard  May God help u op.Reading your write up just touched my heart. I can only imagine how u have disciplined yourself and denied yourself of basic things... Na wa o 30 Likes |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by kentcurl: 9:30pm On Aug 09, 2017 |
Realkenny: 5 Likes |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Antoeni(m): 9:30pm On Aug 09, 2017 |
MMM |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by omoikea(m): 9:30pm On Aug 09, 2017 |
are you sure it's this year 2017 you are serving because I am not understanding at all.... me no even get one naira not to talk about savings and we are both passing out by October But God dey sha... 57 Likes 4 Shares
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| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Khutie: 9:30pm On Aug 09, 2017 |
Mcdons205:Real estate wid 300k? •••are yhu for real, dah ain't even up to 1000usd 23 Likes 1 Share |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Nobody: 9:31pm On Aug 09, 2017 |
Agriculture is the way to go, I lost a fortune in my fish farming business, I consulted and noticed it can still be lucrative, get a mentor to help you along the way 12 Likes |
| Re: I Need Advice On What To Do With My N300k Savings From Allaweee by Dubby6(m): 9:31pm On Aug 09, 2017 |
Use am open Porn site... Porn pays  3 Likes 2 Shares |
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