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Nairaland Forum / Nairaland / General / Properties / How Much Rent Is Too Much For Someone Who Earns 100k A Month (31920 Views)
Help My Land Lady Give Me 3 Months Quit Notice While My Rent Is Till Running / How Much Rent Can You Afford In Ibadan? / To Let: 2 Bedroom Flat + Study At Ijegun, Lagos. Rent Is 300k Per Annum (2) (3) (4)
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Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Rubbiish(m): 7:24am On Nov 22, 2018 |
haladadon:na wa oo This is plain selfishness 8 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by David160(m): 7:25am On Nov 22, 2018 |
marshborn:can you manage it alongside other expenses? 2 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by softclicktech(m): 7:25am On Nov 22, 2018 |
k |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Offpoint: 7:25am On Nov 22, 2018 |
sylvez:Don't do it, you'll regret it. 12 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by luxiesagripro: 7:26am On Nov 22, 2018 |
Clarathomp:Wise words! Where are you from? ![]() |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by mmaglamz(f): 7:27am On Nov 22, 2018 |
haladadon:Holy Moses�� 5 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by jydebiz: 7:29am On Nov 22, 2018 |
If your rent is more than 30% of your earnings then it is too much. I am a realtor and that's a professional advise. 4 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Reference(m): 7:31am On Nov 22, 2018 |
Too high and unsustainable. 25% on a non income generating expense is stagnation at best. Long term targets are unlikely to be met. If 25% goes to rent alone, what will transport, medicare, insurance, home management take all assuming you have deducted taxes and other statutory obligations. Can't see you having more than 25% left to move forward - investment and personal development. Fee on where to rest your head is too much. 6 Likes 1 Share |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by ufotty2001: 7:33am On Nov 22, 2018 |
I earn 100k in port Harcourt here.. We are 3 in number that collect apartment.. Annual spend 35k for rent.. To me as far as you are not married yet.. U don't need to spend too much on rent. If you want 2 have sex look for a guest house 22 Likes 1 Share |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by hismond(m): 7:34am On Nov 22, 2018 |
shouldn't exceed 30% of your annual income. at the same time, it is unwise to move very far away from your work place for lower rent, just to end up spending more on transport coupled with the stress 7 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Reference(m): 7:35am On Nov 22, 2018 |
jydebiz: Exactly. I will personally cap rent at 10% and even that must be because there is a strategic advantage living there that will half that rate within 3 years. 1 Like |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Manufor(m): 7:35am On Nov 22, 2018 |
haladadon:Dumbest comment I have seen in a long while,.. Squat with your uncle for the rest of your life,. You are not even ashamed to come here and say you squat with your uncle,.. 15 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by IbrahimDamola: 7:37am On Nov 22, 2018 |
God no go let me dash up to 3 months of my annual salary give landlord. God forbid. If I earn just 100k per month, I will stay in self-contain abeg. Many of you enjoy life so much you find it easy to throw away what you should save for rainy days. What will you tell your kids in future if you can't meet their needs because you wasted money during your youth? I saved 73% of what I earn for the past 5 years I plan to make more money next year and save 90% of what I earn for the next 10 years after I expand my hustle. To save money sweet die, once I look my account balance, hunger go disappear and my belle go dey sweet me. My role model is Warren Buffet, a billionaire who 's been living and working in the same building for over 50 years. Just imagine all the millions he must have saved on transportation over 5 decades. 36 Likes 4 Shares |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by bonnyhope: 7:37am On Nov 22, 2018 |
pol23:Tru talk |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by HenryThegreat1(m): 7:37am On Nov 22, 2018 |
Reference:10% easy say than done. This is Lagos. 6 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by yinkeys(m): 7:38am On Nov 22, 2018 |
marshborn:I really like your question, a very practical one. I'd read up for answers as well |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by PrinceBBlack(m): 7:39am On Nov 22, 2018 |
haladadon:Bros, u funny ooo. The beyyer u face reality now, the better. Being independent makes u grow and develop faster. My saying sha 1 Like |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by PDPGuy: 7:40am On Nov 22, 2018 |
Generally, your rent shouldn’t exceed 30% of your annual income. Anything over 30% is too much. |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by skuribeebo: 7:41am On Nov 22, 2018 |
haladadon:no be your fault, Na your uncle gave the chance to perform non sense in his house. 6 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by MossLuv: 7:41am On Nov 22, 2018 |
Anything above 100k is too much 4 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by emmancecute(m): 7:42am On Nov 22, 2018 |
Op; don't mind those quoting figures and all that gibberish. A lot of people consider the rent but don't consider proximity of the accomodation to your work place. Tell will tell you to go get an apartment of 200 or 250k in iyana-ipaja forgetting the stress and cost of transporting yourself to and fro your work place. I as a person would not sacrifice my comfort for anything even if it means paying through my nose. If you like the apartment and you don't have to spend hours in traffic getting to workplace then its fine. It is cheaper at the long run. 21 Likes 2 Shares |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Meklex(m): 7:42am On Nov 22, 2018 |
I earn ×3 of what you earn and I still live with my parents. If you can get a roomie or squat with a relative and save for the first few years. 10 Likes 2 Shares |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by yinkeys(m): 7:42am On Nov 22, 2018 |
haladadon:Real talk |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by sekundosekundo: 7:42am On Nov 22, 2018 |
haladadon: I see insecurity and fear in this post. The same responsibility you're avoiding today will eventually catch up with you. Squatting with someone will make you not to have your own personal properties. 15 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Oliver80(m): 7:45am On Nov 22, 2018 |
I live here on the Island, Agungi to be precise. I pay 300k for a Boys Quarter apartment. Very nice, neat and conducive environment. You can look for something similar around here in as much you work on the island. Anyways I don’t the distance between Yaba to the Island but I’m sure you’ll have to face traffic when going home. 2 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by abescom: 7:47am On Nov 22, 2018 |
marshborn:I used to be like him.bi was making minimum of 900k a month but had zero saving due to different women. Now I earn less ( had to mellow due to health issues ) but I have achieved far more than when I was earning more almost 2x. Women are a must have in a man's life. They are annoying but no man can really do well without them. Three years now and I have zero regrets so far ( well apart from not having different shag bags ). 4 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by speedyconnect3: 7:47am On Nov 22, 2018 |
haladadon: Squatting is a bad experience except if your uncles house is spacious. First off, you will be disorganised. You cant bring in your properties even the most important ones because its not your place. You can't receive visitors. You can't cook your meals which saves you money in the lonh run and makes you healthier. Many things you can't do. The only snag is that you may tend to be beinging girls if you are alone but lack discipline. Squatting is bad. Tufiakwa 9 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Vega100: 7:47am On Nov 22, 2018 |
ufotty2001:You be guyman bawo!!! Hahahahahahahahahahaha, na just wetin I dey reason for the guy since. Hahahaha 2 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Nobody: 7:47am On Nov 22, 2018 |
if your 2 months salary can not completely take care of your rent, then it's too much dear 3 Likes |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by cnonyechi(f): 7:51am On Nov 22, 2018 |
funny enough in reality its not seen dat way i earn less dan 70k a month married with 3 kids my husband does bussiness (electronics) my rent in Festac is 400k kids termly fees 124k and den der is feeding, electricity, transport, clothing, travel and other expenses. but they r all met timely. My kids are well infact over fed they have every gadget they need to be happy. Infact typing this just made me realise dat God has been sustaining i and my Family and i give him the praise. So its not about the mathematics in it becos all dos calculations can fail u its about ur standing with God. phil.4 - 19. Am not making the money but am living the life through the grace of the Almighty God. And i still SAVE. NOTE I have never spent more than 2000 for treatment and hospital for my kids. From January till date i and my family have never been to d hospital. ITS ALL GOD THE GREAT PROVIDER AND PROTECTOR 47 Likes 2 Shares |
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Optimist88(m): 7:52am On Nov 22, 2018 |
ogawisdom:But the landlord has worked for him for a year! 3 Likes 1 Share |
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