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Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by Grupo(m): 10:54am On Jun 04, 2020 |
Sholapey: Why do you want to start another round of arguments? Not worth it in my opinion. 10 Likes |
Re: Treasury Bills In Nigeria by IHelp: 11:06am On Jun 04, 2020 |
Rotiix: Is a culture. You can only practice it when you believe in it. How can someone who earn 1,000 a month manage it. If you really understand savings, you will know that the person can as well manage 900 per month. In both cases it wont be enough to meet your basic needs but you can save to make your future better. 9 Likes |
Re: Treasury Bills In Nigeria by ositadima1(m): 11:26am On Jun 04, 2020 |
ojesymsym: Let's make a quick and dirty calculation. Assuming 1% of Nigerian population buy phones every month. (Very possible) Every month, 1% of 200 million people (2 million). Let's also assume an average profit of 4000 naira per phone sold. Further, let's assume the average number of phone dealers per state to be 1000 retailers. Then, 2m x 4000 ÷ (1000 x 36 states) = 220k (this is if sales where to be distributed equally) An average phone dealer makes 220k (net profit) per month. Mind you some will make a lot less and some others will make a lot more. The same concept is also valid for most consumer goods. You have to consider our huge population o. 1 Like |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 11:27am On Jun 04, 2020 |
Savings is good, it's important but not necessary, why? Savings can be defined mathematically as: Income less Expenditure. If income isn't sufficient to take care of expenses (basic expenses like food, shelter and clothing) then savings shouldn't be expected. Let's face reality, how much can the average worker save from a monthly wage of 30k? |
Re: Treasury Bills In Nigeria by Nobody: 11:46am On Jun 04, 2020 |
CsRockefeller: The only reality I can see is, whoever wants to save will save. Like many others have mentioned, the worker in the example you gave will still survive on a monthly wage of 25k. I overheard "my house" security( a boy of 23 years) tell someone he wants to open another bank account because the one he has is not a regular account and it just hit a threshold that prevents him from depositing any further money. I don't know how much he has in the said account but a similar account with Diamond bank back in the days had a maximum of N500,000 His salary? N15,000 naira monthly. 11 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:47am On Jun 04, 2020 |
Grupo:Nothing of such...I posted it to encourage those sending PMS to me about their intention in relocating to Ireland even after previous arguments and words of discouragement from some people. I am an advocate of good news, I love to see others making it as long as your intentions are good. No country is perfect, your circle matters even if one goes to heaven and start dine with the devil, one will be sent to hell. In other words, I can't discourage people not to come to where I'm living. Eshin waju ni teyin nwo sare! Moreover this thread is open to all forms of educative informations we are here to learn and move on. A gentleman commanded all of us during the arguments and he advised we should edit it to shorten the thread for new comers. Guess what? I was the only one that complied and that makes me a gentlelady n the peaceful one. 12 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:55am On Jun 04, 2020 |
rationalmind:This is true. There is no excuse for not saving. I can only support a tradesman who have no savings because I know from experience that every penny made by him or her is reinvested in that business until it hits satiety before they start to diversify by most times developing property. That is why it is easy to see a man or woman with capital base not exceeding 20M naira in his or her business but has properties worth 80M. These people can't save liquid cash because there is always one sweet trade around the corner demanding for that capital before it even builds up 5 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:57am On Jun 04, 2020 |
Grupo:this are not arguments....this are discussions to enlighten people and increase their investing or life options 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 12:01pm On Jun 04, 2020 |
ahiboilandgas:Exactly, thank you sir. |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 12:05pm On Jun 04, 2020 |
rationalmind: Alright then. You have decided to see it from your lenses only. 2 Likes |
Re: Treasury Bills In Nigeria by kaywhy09(m): 12:20pm On Jun 04, 2020 |
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Re: Treasury Bills In Nigeria by freeman67: 12:32pm On Jun 04, 2020 |
kaywhy09: 2 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 12:34pm On Jun 04, 2020 |
freeman67: E reach to laugh! 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 1:04pm On Jun 04, 2020 |
Theconglomerate: This model of tradesmen is understandable. My grouse is with those who give the " I can't save because my salary/income is not enough" excuse. They are mostly the ones doing online almajiri all over nairaland and twitter. A distant friend once told me her friends wedding was fast approaching and she needs me to borrow her money for asoebi and to sew it. When I asked why she can't take from her savings, her reply was that the money she earns where she works can barely cater for her basic needs and she lives from hand to mouth. My advice to her was this, wear whatever you have to the wedding. If that won't fly, you can decide not to attend. Heaven will not fall. That obviously was not the response she wanted so the discussion ended. Few months later, I went through her status and realised she ended up buying the cloth and attended the wedding. My guess is, she got someone else to borrow her the money. When she collects her salary, returns the money and whatever is left cannot sustain her for the month, she starts telling whoever that cares to listen that her salary is not enough. 17 Likes |
Re: Treasury Bills In Nigeria by pluto09(m): 1:17pm On Jun 04, 2020 |
rationalmind: If salary is low, it will be very difficult to save. The best thing for those in that category is to look for other avenues to earn more money. 7 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:22pm On Jun 04, 2020 |
rationalmind:Yes. Nigeria problem is people living above their means. People here Want to always represent and give the larger than life aura whereas their pockets are empty. It happens quite a lot. Nigeria and its people need iron hands. 7 Likes |
Re: Treasury Bills In Nigeria by Nobody: 1:34pm On Jun 04, 2020 |
pluto09: Saving is always very difficult. I want to drive an Audi B9 but I can't do that for now because I have to save and invest. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:39pm On Jun 04, 2020 |
rationalmind:Since when you enter german? I think say na you be dey yarn and hype about Tacoma that time |
Re: Treasury Bills In Nigeria by Nobody: 1:53pm On Jun 04, 2020 |
Theconglomerate: Noo, I've always been team sedans. No SUVs or pickup trucks. I can't drive those the way I like to drive. |
Re: Treasury Bills In Nigeria by IamR: 2:23pm On Jun 04, 2020 |
rationalmind:Why? I am more comfortable with SUV even though I have sedan too. |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:26pm On Jun 04, 2020 |
MrMcJay: Hello sir and other gurus in the house, What do you think of Mortgages? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 2:30pm On Jun 04, 2020 |
Sholapey:after lock down i will come for vacations and to buy some rhd truck head if them give me renewal visa 2 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 2:37pm On Jun 04, 2020 |
IamR:Maybe you don't drive fast. If you were a speed demon,I guess you will know why we stick to sedans You can't be going 220kph in a truck and not feel like you might somersault anytime na. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 2:39pm On Jun 04, 2020 |
IamR: I like quick and fast cars. You won't be able to brake yourself out of trouble eveytime, sometimes you have to accelerate out of it. I can't take bends and dodge potholes at speeds with an SUV the way I'll do with a sedan. |
Re: Treasury Bills In Nigeria by IamR: 2:40pm On Jun 04, 2020 |
Theconglomerate:Never, even with sedan! 2 Likes |
Re: Treasury Bills In Nigeria by Phyde: 2:42pm On Jun 04, 2020 |
Satoshi2019:Even though i agreed with you on ''savings is a culture'' but do you know we have people that their transportation to work alone is more than their monthly take home pay and they still go to work just because they don't wanna stay at home, hoping for a better tomorrow. I have seen some who have already spent their salary before receiving it just to settle accumulated debt. 5 Likes |
Re: Treasury Bills In Nigeria by IamR: 2:46pm On Jun 04, 2020 |
rationalmind:I am a slow driver. . 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 2:46pm On Jun 04, 2020 |
IamR:Never? I guess you don't drive German. If you were,you would have known how easy it is to hit 220kph. We are even planning to go faster sef,na money for better machine never dey |
Re: Treasury Bills In Nigeria by 4tunebest(f): 2:57pm On Jun 04, 2020 |
I just want to put this out there for someone earning low and feels quite disadvantaged by default as regards saving from the meagre income. There is always this overwhelming feeling about how much/how long do you have to save to accrue a significant amount. In the year 2012-2014, I was earning 27k as an M.Sc. holder and still saved enough to live well and eat good, nutritious food . My personal utilities for my wedding was also from the savings I had from this meagre income. Now, I save over 80% of my salary monthly. That saving culture didn't jump on me today. It started several years ago when I was earning a meagre sum of 27k, even though I wasn't able to save more than 10% of my income as at then. The key is living below your means. Do not compare yourself with others. Be grateful for the little you have. These 3keys are ways of life that opens the door to gradual albeit steady abundance; increasing your income and consequently, your ability to save more. 31 Likes 3 Shares |
Re: Treasury Bills In Nigeria by Nobody: 3:02pm On Jun 04, 2020 |
ahiboilandgas:Please do! I will personally take you around and connect you with my hubby's mechanic to help you source for the best without collecting kobo. Yes! People like that are still in Ireland. 7 Likes |
Re: Treasury Bills In Nigeria by IamR: 3:04pm On Jun 04, 2020 |
Theconglomerate:Take it easy o. 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 3:05pm On Jun 04, 2020 |
Sholapey:God bless 2 Likes |
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