Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,205,497 members, 7,992,722 topics. Date: Sunday, 03 November 2024 at 02:59 PM

I Want To Quit My Job And Live On My Savings - Career (2) - Nairaland

Nairaland Forum / Nairaland / General / Career / I Want To Quit My Job And Live On My Savings (19947 Views)

I Finally Quit My Bank Job For Bolt Driving / I Quit My Lagos Hotel Manager Job, Relocated To Abuja For Green Pasture -Emenalo / Do I Need To Quit My Job ? (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Re: I Want To Quit My Job And Live On My Savings by uvalued(m): 7:36am On Feb 05, 2018
Happy for you... But do you have peace and joy in this decision? Then gladly go ahead...pls I wanna learn crypto can you teach me since u will be having more time on your hands

Re: I Want To Quit My Job And Live On My Savings by terrezo2002(m): 7:36am On Feb 05, 2018
nkemjacob2:
Abeg dash me the job. Nigeria is a shithole country
you can't get any good thing from the country you curse. Fact

1 Like

Re: I Want To Quit My Job And Live On My Savings by akeentech(m): 7:36am On Feb 05, 2018
Kingbuhari:
400k... op sharap even Trump don't earn that much monthly, average annual salary for doctors in US is less than 200k... how much more menial
worker like u
Re: I Want To Quit My Job And Live On My Savings by crazygod(m): 7:37am On Feb 05, 2018
Dude quit and use the time u spend in growing another man's business to grow your own.

4 Likes

Re: I Want To Quit My Job And Live On My Savings by Durchmann(m): 7:38am On Feb 05, 2018
sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.

As long as you've thought this through and you're no longer enjoying fulfilment on your job, you can take the step. We were not made to work all our lives to improve our standard of living. Besides , even the job itself is never secured as at some point in time, you may become redundant to your employer.
Just as someone above me advised, concentrate on "minding and enhancing your own business" , ie, diversify and improve your investments. Yes, it may take a while to adjust to daily living without rushing to an office on weekdays but with time, you'll understand that there is so much more to life than earning a devalued worth of your time monthly at an institution. Ensure that within you, this is what you want to do and take that bold step. You would only require good financial management to be able to cater for your bills and keep improving your standard of living.
Good luck, bro!

5 Likes 1 Share

Re: I Want To Quit My Job And Live On My Savings by IkpuMmadu: 7:43am On Feb 05, 2018
sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.


Well, chase your happiness.....they would tell you not to....I have seen people that retire at 45 it all depends on how you plan your life


Good luck

2 Likes 1 Share

Re: I Want To Quit My Job And Live On My Savings by IkpuMmadu: 7:44am On Feb 05, 2018
crazygod:
Dude quit and use the time u spend in growing another man's business to grow your own.
I love this

1 Like

Re: I Want To Quit My Job And Live On My Savings by ogbonnajose(m): 7:45am On Feb 05, 2018
You sounded like you have reached a saturation point with money but I am yet to see anyone, not even the richest people on earth have said bye to their jobs.... because it's their source of milk. However, you have asked us for advice, please kindly note the following before you finally quit that goldmine:
- what is your family size (you, your wife, children + extended family)
- are all your children already on their ?
- you said your investments give about 400,000 monthly, now what is your average monthly expenditure outlay?
- have you made any impact on your community like contributing generously to community development?
- now critically looking at your investments, what is their sustainability outlook, an investment that yield only about 400k per month gives about 4.8 million naira per annum. ..that's about the 0.000000009%percent of the seed capital of an ideally successful investment.

My candid advice is, find thw source of your unhappiness at your job, certainly it is not that you have made so much money from it. ....keep the job and grow those investment until your children have all reached independent states and fit to take over from you. .

3 Likes

Re: I Want To Quit My Job And Live On My Savings by pointstores(m): 7:46am On Feb 05, 2018
think well
Re: I Want To Quit My Job And Live On My Savings by GlobalhustlerNG: 7:47am On Feb 05, 2018
Na naira him dey talk o no be USD. Don't get him wrong
Re: I Want To Quit My Job And Live On My Savings by nkemjacob2(m): 7:48am On Feb 05, 2018
terrezo2002:

you can't get any good thing from the country you curse. Fact
explain further sir
Re: I Want To Quit My Job And Live On My Savings by JerryQ: 7:48am On Feb 05, 2018
for now, your stable source of income is your JOB still. Your investment is made possible because of your JOB. Your investment is unstable until you cash out see how bitcoin dropped from 19k to 8k, it might take years to get back there making this investment uncertain. In wealth creation stability is key and your JOB gives you this stability. I suggest you revive your enthusiasm for your JOB by giving it more time and thought. Take courses related to your JOB, see new horizons in your JOB don't quit your JOB until you cash out your investment and ready to start a business of your own. i repeat, don't quit your JOB now until you cash out, if you quit now you will be forced to cash out which still looks cool with 100k dols. So take out more time preparing for what you wanna do with your life as you await your investment to reverse back. i have been in your shoes when i traded for a hedge fund company and was up to 100k dols. i cashed out but did not start my dream then thinking the market will always give me 100k dols every other month. i have learnt from that mistake as i had to start my dream through another means and it wasn't that sweet. Anyway, this is my 2 cents

1 Like

Re: I Want To Quit My Job And Live On My Savings by R0ckefeller: 7:48am On Feb 05, 2018
Quit or you can think twice
Re: I Want To Quit My Job And Live On My Savings by Ajeborhustler1: 7:50am On Feb 05, 2018
rozayx5:



You can in the crypto space


Get informed

Me and op in the same field so I know what he is saying

I don't have a job but I live fine

A well planned coin offering can raise 20m$ in minutes
how do I contact you. I want to learn this crypto stuff and possibly invest
Re: I Want To Quit My Job And Live On My Savings by rhymaholic: 7:51am On Feb 05, 2018
If you truly have $100k worth of cryptocurrency you won't be on nairaland typing.

1 Like

Re: I Want To Quit My Job And Live On My Savings by kynbasil01: 7:52am On Feb 05, 2018
sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.
please can you replace in the job or probably help me get job there?
Re: I Want To Quit My Job And Live On My Savings by lastempero: 7:53am On Feb 05, 2018
Please op cash your internet money to make sure its your,crypto currency is not safe now.China n most countries are seriously cracking down on it.
Re: I Want To Quit My Job And Live On My Savings by Nobody: 7:57am On Feb 05, 2018
Kingbuhari:
400k... op sharap even Trump don't earn that much monthly, average annual salary for doctors in US is less than 200k... how much more menial
worker like u
grin
He confused $ with Naira

2 Likes

Re: I Want To Quit My Job And Live On My Savings by ppotter(m): 8:02am On Feb 05, 2018
Ranchojude:
I am a songwriter and a singer but can't help myself financially...pls l need help

I think Twitter should help more here. And again, be specific about the type of song you write. You try submitting your songs to radio stations, e.g wazobia fm. Some stations give airplay.
Re: I Want To Quit My Job And Live On My Savings by danthamccoy(m): 8:02am On Feb 05, 2018
rhymaholic:
If you truly have $100k worth of cryptocurrency you won't be on nairaland typing.
Lol you ordinary folks and your assumptions. It's a faceless forum and so you assume everybody is at your level. Not saying he actually does but there are some very big people on here. No offense smiley

7 Likes

Re: I Want To Quit My Job And Live On My Savings by millionboi2: 8:03am On Feb 05, 2018
InvertedHammer:


That's a big gamble as crypto is likely to enter into multi years of ranging. Take a cue from gold (parabolic rise followed by irrational exuberance, and now ranging). The sad part is that no matter how frugal you are, your fund cannot sustain you. You will be surprised at how many people hate their jobs but still have to do it. If Bill Gates, Dangote, Zuckerberg still wake up to go to work, I don't see why you shouldn't. Money is a limited resource.

By the way, crypto is played out. It will die a natural death. Smart money moved funds out in Nov/December. Retail investors will be left holding the bag. History has ways of repeating itself. Crypto is a fad and a gamble. It is never an investment. Like MMM, I expect the noise about crypto to die this year. In less than a month, it went from $10k to $19k. In less than a month, it went from $19k to $7.5k. I feel sorry for retailers.
/
thy don't go to work.

What thy do is exactly what d OP wants to do now

2 Likes

Re: I Want To Quit My Job And Live On My Savings by Xerum(m): 8:12am On Feb 05, 2018
Op,
Someone mentioned one major investment killer in Nigeria, inflation. If u factor in year-on-year inflation rate of between 15 & 17% for say 3 - 5 years into yr projected monthly income of 400k how much will yr nett income be then?
Why not consolidate yr $100k present investment & invest in real estate.Cos I think crypto has had its day in terms of huge returns.
Re: I Want To Quit My Job And Live On My Savings by tiredoflife(m): 8:12am On Feb 05, 2018
InvertedHammer:


That's a big gamble as crypto is likely to enter into multi years of ranging. Take a cue from gold (parabolic rise followed by irrational exuberance, and now ranging). The sad part is that no matter how frugal you are, your fund cannot sustain you. You will be surprised at how many people hate their jobs but still have to do it. If Bill Gates, Dangote, Zuckerberg still wake up to go to work, I don't see why you shouldn't. Money is a limited resource.

By the way, crypto is played out. It will die a natural death. Smart money moved funds out in Nov/December. Retail investors will be left holding the bag. History has ways of repeating itself. Crypto is a fad and a gamble. It is never an investment. Like MMM, I expect the noise about crypto to die this year. In less than a month, it went from $10k to $19k. In less than a month, it went from $19k to $7.5k. I feel sorry for retailers.
/

When cryto was heading high
I warned them it will crash
Now what is it
I see more deeps
Every ten years the market does reset
Go back ten years and see the pattern
And its always what's the thing make waves that crashes the market
It will go lower
He either cash out or cry later
Cash out...
Keep the money in dollars
Wait till mid this year
And begin to buy again

1 Like

Re: I Want To Quit My Job And Live On My Savings by adegeye38(m): 8:14am On Feb 05, 2018
sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.
cash out on that crypto right nw, nd invest the money in other sources

If ur investment is bringing u 400k per month, wat d f*ck do u need a job for?

you are already self employed already nw

quit dat job and concentrate on expanding your business empire

4 Likes

Re: I Want To Quit My Job And Live On My Savings by tubouncen(m): 8:15am On Feb 05, 2018
sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.

contact me if you interested in modern bakery business with quarter of that amount, atleast you can hold on to something before quiting
Re: I Want To Quit My Job And Live On My Savings by Nobody: 8:15am On Feb 05, 2018
All these ur numbers are exaggerated. Carry out a proper audit report . Separate ur Gross profit from ur net profit . Lol...boy keep working until we see ur names on billboards and banners. Stop been petty
Re: I Want To Quit My Job And Live On My Savings by sekem: 8:17am On Feb 05, 2018
Kingbuhari:
400k... op sharap even Trump don't earn that much monthly, average annual salary for doctors in US is less than 200k... how much more menial
worker like u

Obviously, you don't think big at all

People are making millions in a day and you are there ranting bunkum

Take 100k, play lazio win, play anderlecht win, play Lyon women win on bet9ja today

You'll be making nothing less than 120k in profit

Do something like that in a week and you'll be making nothing less than 700k in a week!!!

And the op is even talking about 400k a month!

People are making major money on daily basis

If you're not, it's probably because you lack the right information

If you want to make it big; then you've got to start thinking big

Real big

1 Like

Re: I Want To Quit My Job And Live On My Savings by iWasNotHere(m): 8:18am On Feb 05, 2018
sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.
Bro pls don't die a mayrent come and buy a land in legit land in mowe.
Re: I Want To Quit My Job And Live On My Savings by Hexilon: 8:20am On Feb 05, 2018
Wean yourself off the benefits that comes with the job gradually, then see how much of the 400k is left to spend.

1 Like

Re: I Want To Quit My Job And Live On My Savings by Nobody: 8:21am On Feb 05, 2018
sekem:


Obviously, you don't think big at all

People are making millions in a day and you are there ranting bunkum

Take 100k, play lazio win, play anderlecht win, play Lyon women win on bet9ja today

You'll be making nothing less than 120k in profit

Do something like that in a week and you'll be making nothing less than 700k in a week!!!

And the op is even talking about 400k a month!

People are making major money on daily basis

If you're not, it's probably because you lack the right information

If you want to make it big; then you've got to start thinking big

Real big
100k to stake.
What if you loose. lol
Re: I Want To Quit My Job And Live On My Savings by americanson: 8:21am On Feb 05, 2018
sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.

Hunger for more. Bill Gates is still working, Warren Buffet is still working, despite their riches.

#food for thought

(1) (2) (3) (4) (5) (Reply)

IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. / I Need The Contributions Of Experienced Construction Site Engineers / Recession: Oil Workers Go Spiritual As Massive Sack Hits 350000

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 65
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.