MrGoood:

So they save between 10 to 20k annually? Why will I step feet in that place if they make below what I make here

quality of life my friend... it is never about the money .. but the quality of life you can get with your little money

It depends on your responsibilities. Imagine a family with 3-5 kids, maybe 2 parents living with them. If husband and wife have good jobs and they have someone helping with the kids, they can achieve a lot. Education is very important.

Some people achieve a lot at the expense of their mental health. They have no time for some relaxing activities like work out, parties, Church, Mosque, vacation, etc. People need to work and enjoy not work and die.

Nobody ask for explanation, you started the smoke !!!
Now trying to sell one damn vedio.
all na scam

quote author=MrGoood post=99689166] I can boost of three business and I always make Enquiry to invests more, I work with budget and budget is different from total income , You can have 50 business partners but your income is just one single record so use your sense, I run a factory in abk and i manufacture but I won’t say what I produce, If I want to relocate today I will save the money separately and won’t tamper with what I already have so be reasonable, You expect me to put big money in a new business, if a business can’t do well with 500,000 it can never do well with 50 million , Even oil, Yes quote me anywhere , If you want too save you have to forget about you touching your savings and spread your incomes then work with it . Example if you have 4 ways of making money , you will sacrifice one income as tools to grow , you don’t tamper with all your investment, one is good to know how far and if it’s bad you can easily move on without feeling heat , Note: I got the business plan that give me major income here on Nairaland and the video is still on Nairaland untouched and the poster is not aware someone was motivated by the video , Stay safe.[/quote]

Ibrahimmrfish:
Rent in U.S is 1000+ monthly and the average Nigerian in U.S is a minimum wage earner,don't forget transportation,light and water at the end of the month, one is left with little cash for saving.

The average nigerian in the US makes far more than minimum wage. Either by education, skills, multiple jobs or more hours.

Read about the best achieving immigrants in the US.

Nigeria. Cos we do extra well outside nigeria

ttoyetade:


Thank you for your intelligent contribution. An average Nigerian is always in competition with others about money. Money is not everything. Probably the OP missed the opportunity of going to US some time ago and he want to justify himself that he is still doing well despite the miss. You can't compare people doing well in US or Western World to yourself at all. Your N22m savings to day will loose its value with the depreciation of Naira. Also some abroad may not be earning much but they are living in Properties which could be more than $500k and could be sold if they have to return home

And can you compare someone doing well in Nigeria to someone doing well in the US

Let's stop deceiving ourselves
The kind of money you make here if you know your way around
You can't dream of it in the US

I have relatives in the US, that have lives there for decades, these are professionals, but still they can't match the achievement's of those in Nigeria.
Likewise Canada, even UK too

Abroad is not easy and it all depends on what you want in life. If you want to just live a mediocre, just get there life, then you can relocate over there

But if you want to live a life of impacting and touching plenty of lives, then it's more achievable here.

There are guys in Nigeria here making millions of dollars in annual turnover and nobody in the US can compare to them

See Nigeria is a nation of over 200 million people. This population has to feed, live etc and if you can produce goods and services that can touch even 1% of Nigerian population, you are and have the ability to even touch more lives

But it all depends on what you can see around you, and the ability to use your brain to think and create wealth


The major problem with many Africans is that they just think only about there feeding there stomach, so they just live a very mediocre life.

And there are so much more money to be made, so much, but it depends on what you see.

Indians, Chinese, Lebanese are cashing out big time here in Nigeria but Nigerians will feel that it's only when they go abroad they succeed

Nigerian population is increasing
More opportunities are available

There are richer Nigerians here than there are abroad. I mean legitimate hard work
Not everyone is involved in crime
I even believe crime will stunt ones ability
Even most of these scammers we have here no e even get money
They are just noise makers
Those making money are not even loud

Depends what you do in America. If you work for somebody or company, I don't care if you are a doctor, engineer or lawyer, or mere warehouse worker, your income will be limited by tax even if you live frugally because you have no control of your taxes and you will shed almost 50% in taxes if you make more across taxes (federal, state, property and estate). Lets say you make $150k, government collect almost $75k in taxes across. You are left with $75k, after your house, car, emergency and personal expenses, you re left with $10-20k in the bank every yr. You can live a comfortable life but you will never be wealthy!

Now, if you own your own business, not mom and pop kiosk, I mean real business over $500k in revenue, you will have more control of your taxes. Once you understand how America works, which most Nigerians or black immigrants never understand anyways...just living the American dream blindly( big house and nice cars) and fatally in debt, you will know that America rewards business owners and entrepreneurs. Most Asian immigrants understand this which is why they own their own business and don't work for people!

Any Nigerian you know that is very very wealthy in America, has his/her own big business. These are not small boys and girls, they have over 5 employees (that's over $200k/90million in payroll a year assuming $45k each employee a yr), business location cost $500k-$5million. They rarely pay taxes because their business give them that advantage. Go and read why and how the rich in America pay zero to no taxes...actually government doesn't want you to if you create job, invest or an entrepreneur!

True .

This can also be applied to global economics.

Essentially how wealth is created.

banmee:


I can't believe that in 2021 people are still talking about saving money. How is this possible? The level of financial illiteracy in the world is mind boggling

LOL. Let me tell you my story. I remember when I was still in naija and I was talking to my boss, one woman from UK. I remember the look she gave me when I mentioned me having savings.


We have this hoard8ng mentality that's part of the reason.

Jaqenhghar:

LOL. Let me tell you my story. I remember when I was still in naija and I was talking to my boss, one woman from UK. I remember the look she gave me when I mentioned me having savings.


We have this hoard8ng mentality that's part of the reason.

There's no social security in Nigeria, what did you expect.

It's crazy how we always lump up western narratives with Nigeria.

Jaqenhghar:

LOL. Let me tell you my story. I remember when I was still in naija and I was talking to my boss, one woman from UK. I remember the look she gave me when I mentioned me having savings.


We have this hoard8ng mentality that's part of the reason.

People forget that 1 naira yesterday is not the same thing as 1 naira today

banmee:


I can't believe that in 2021 people are still talking about saving money. How is this possible? The level of financial illiteracy in the world is mind boggling

Im surprised that so far you're the only one that has mentioned this. What are you saving 22m for exactly? Money that should be making more money. Nonsense!

I can personally educate you more, interact with you in all my understanding with figures and stats

Depends what you do in America. If you work for somebody or company, I don't care if you are a doctor, engineer or lawyer, or mere warehouse worker, your income will be limited by tax even if you live frugally because you have no control of your taxes and you will shed almost 50% in taxes if you make more across taxes (federal, state, property and estate). Lets say you make $150k, government collect almost $75k in taxes across. You are left with $75k, after your house, car, emergency and personal expenses, you re left with $10-20k in the bank every yr. You can live a comfortable life but you will never be wealthy!

Now, if you own your own business, not mom and pop kiosk, I mean real business over $500k in revenue, you will have more control of your taxes. Once you understand how America works, which most Nigerians or black immigrants never understand anyways...just living the American dream blindly( big house and nice cars) and fatally in debt, you will know that America rewards business owners and entrepreneurs. Most Asian immigrants understand this which is why they own their own business and don't work for people!

Any Nigerian you know that is very very wealthy in America, has his/her own big business. These are not small boys and girls, they have over 5 employees (that's over $200k/90million in payroll a year assuming $45k each employee a yr), business location cost $500k-$5million. They rarely pay taxes because their business give them that advantage. Go and read why and how the rich in America pay zero to no taxes...actually government doesn't want you to if you create job, invest or an entrepreneur!

The last line takes all the cake. Nice one

W[b]Well saving is NOT a crime as long as you can afford to set aside a little for exigency.[/b]

banmee:


I can't believe that in 2021 people are still talking about saving money. How is this possible? The level of financial illiteracy in the world is mind boggling

Ikjosh04:
All my friends I know in Australia, makes at least Aud$100,000k annually and most of them started making this money from their 2nd year in their Msc program.

Honestly, from the best of my knowledge, there's no country on earth that's fertile like Australia.

This is my dream country but relocating there isnt easy as it involves a whole lot of money compare to other western countries.God go bless us

Dalil8:


Bro 48k annually isn't alot if we're being honest here.

Depends what your needs are

SmartPolician:


The first question you have to ask is, does the person have a legit permit to work in the US?

If you do, you will have a good job and saying they cannot save up to 5m (about $11k) yearly is an insult to them.

@kovic20, how taxes work in the US depends on the government in power. A certain government may decide to tax the rich more and reduce the tax for the middle class. All they need is for the Congress to pass the bill. BTW, everyone pays taxes, including owners of blue-chip companies.

@MrGoood, you are already doing so well in your country. What's the essence of leaving a country that pays you well? You can go on vacation to those countries and return to your base.

Meanwhile, I would like to know the kinda business you do. As long as it's legit, I am game.

As long as it is money, he will go anywhere to make more not minding that he is comfortable and doing well here.

MrGoood:

Big man? You must be joking , Am short and skinny, not that short thou, that money can’t even buy me a rolls Royce here and you call me big, Maybe because of my circle I do feel like am poor , I know someone who spend millions on burial , She’s a lady for that matter , I won’t try that currently so how am I big and about the earnings I built that business for 2 years so it’s not easy to get into it

J Cole Love yourz came to mind

Ikjosh04:
All my friends I know in Australia, makes at least Aud$100,000k annually and most of them started making this money from their 2nd year in their Msc program.

Honestly, from the best of my knowledge, there's no country on earth that's fertile like Australia.

Aussy is my dream country.But money wont let me pursue the dream.Because its one of the most expensive country to relocate to.

Jaqenhghar:

LOL. Let me tell you my story. I remember when I was still in naija and I was talking to my boss, one woman from UK. I remember the look she gave me when I mentioned me having savings.


We have this hoard8ng mentality that's part of the reason.

Exactly! Nigeria has existed for an unusually long period of time in a situation of lack, want, drought, desperation, need. Our default mode is to hoard, scrimp, self deny, save; all for the rainy day which is basically everyday. We have to hoard not only for ourselves but for the next generation and that thereafter. The western mentality is to live life to the fullest knowing that you only have one life to live. The average life expectancy for a man in Nigeria is 54 years. In that time, he has probably really lived for only 5 years and merely existed for the remainder.
Money is merely a tool, a means to an end. Hoarding it makes no sense to a western mind when you are in need and lack basic things of life. A westerner is confident of tomorrow beacause their government looks out for their citizens, does not act foolishly and does not destroy value. The fellow saving 22 million does not know that the business he is doing today can be gone tomorrow with the enactment of yet another silly government edict. Go ask the founder of Gokada who inevested millions of dollars in Okada delivery business that was destroyed by the same government that supported and helped him launch it, all within the space of a few months.

djon78:



And can you compare someone doing well in Nigeria to someone doing well in the US

Let's stop deceiving ourselves
The kind of money you make here if you know your way around
You can't dream of it in the US

I have relatives in the US, that have lives there for decades, these are professionals, but still they can't match the achievement's of those in Nigeria.
Likewise Canada, even UK too

Abroad is not easy and it all depends on what you want in life. If you want to just live a mediocre, just get there life, then you can relocate over there

But if you want to live a life of impacting and touching plenty of lives, then it's more achievable here.

There are guys in Nigeria here making millions of dollars in annual turnover and nobody in the US can compare to them

See Nigeria is a nation of over 200 million people. This population has to feed, live etc and if you can produce goods and services that can touch even 1% of Nigerian population, you are and have the ability to even touch more lives

But it all depends on what you can see around you, and the ability to use your brain to think and create wealth


The major problem with many Africans is that they just think only about there feeding there stomach, so they just live a very mediocre life.

And there are so much more money to be made, so much, but it depends on what you see.

Indians, Chinese, Lebanese are cashing out big time here in Nigeria but Nigerians will feel that it's only when they go abroad they succeed

Nigerian population is increasing
More opportunities are available

There are richer Nigerians here than there are abroad. I mean legitimate hard work
Not everyone is involved in crime
I even believe crime will stunt ones ability
Even most of these scammers we have here no e even get money
They are just noise makers
Those making money are not even loud

You spoke very well too

If you really saved #22 million last year and you are not a troll, you are better than %98 of Nigerians living in the US and this is coming from first hand experience not hearsay.

You really don't need to ask, google it yourself.

Pick a job, search for wages for that job, do same for the basic you will have the result. you go school now o

Depressed101:
quality of life my friend... it is never about the money .. but the quality of life you can get with your little money

Quality of life is everything, Nigeria Banana Republic.

overseasnbeyond:
W[b]Well saving is NOT a crime as long as you can afford to set aside a little for exigency.[/b]

Set a little aside for what exactly?

knowyaself2:


Im surprised that so far you're the only one that has mentioned this. What are you saving 22m for exactly? Money that should be making more money. Nonsense!

That is what exactly a lot of people do not understand

grandlexuz:


You got me rolling on this one. Wish someone would say same to me so I could put it on my WhatsApp status; for same purpose too. Lol

-It’s easy, just make good comments here and you will get approved by people that matters here.

Have you ever thought of sending money to assist your family member?
Your personal needs?

banmee:


Set a little aside for what exactly?

tempest01:


See your mouth like 22 mil.

When you have no ability to immigrate like others you end up talking down on them.
Leave people that want to travel out to do so. If Nigeria is paying you that much, why are you so concerned about what the immigrant is earning?
Is it a dck measuring contest?
I even thought i will see a sensible thread.

/



The fiction we read here.

Don't kill his fantasy please. Na woman he carry style dey scope expecting a lot of DM from unsuspecting hungry wolves.

/

overseasnbeyond:
Have you ever thought of sending money to assist your family member?
Your personal needs?

You are missing the point completely. People are talking about saving 15 million a year. That is insane. The financial rule of thumb is to to have 3 to 6 months of your income in a savings account and the rest in your retirement fund so that your money grows intardem with inflation. When I was in Nigeria a crate of eggs was 3 naira. How much is it today? Do you get it now?

Change your mindset! If this was how Dangote envisage his adventure when he started some years back, he won't be where he is now. In life one need to work hard, pray hard and get to be smart. No one road leads to success. You choose your interest and dream large. No one great will come out and tell you what exactly he did to become great. He can only give you insights. I huge you to read more on the parable of the sower. You cast your seeds and hope for the best. Nothing is too sure in life. If you have your American dream of being the next Elon musk, trust me you can achieve it... it is a thing of the mind. I have learnt that 1+1 does not always equal to 2 in the journey of life. Shalom.

MrGoood:

I make some calculations, 40 hours work in a week, 160 hours monthly x 15= 2400-1300 rent =1100$, Let say you pay bills , Phone, Water, Tax et all for 500$, You eat for 300 , You save 300$ monthly , Am i right or wrong in my calculations? If yes , Greet america for me, I am here , God bless Nigeria

AududuNine11:



Beat comment so far on this thread.

You have a sound brain.

Thank you for your kind words

golddust6000:
An average Nigerian in US don’t save 5m yearly.
All these people on the comment section don’t know how US or Europe works, you may die while working, you will age faster than your younger brother in Nigeria, you will likely fall sick by tomuch work overload.
At the end of every year you will realise that you did not save up to 4m.
Here you can’t escape tax, you ca never escape it. You will work for the government till you die, be wise.

4m is just about CAD10,500.... so you mean people don't save that amount in a year? Please don't say what you don't know.