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Should I shut down my N2M monthly profit business & immigrate to canada? - Travel - Nairaland

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Should I shut down my N2M monthly profit business & immigrate to canada? by Ckelly2022: 12:12pm On Aug 29, 2022
I am a man in my mid forties and my business yields an average of 2 million a month. Should I close it down and immigrate with my family to Canada to start life afresh?
Pls assist me with your sincere advise.
Re: Should I shut down my N2M monthly profit business & immigrate to canada? by eddynaira125: 12:25pm On Aug 29, 2022
Ckelly2022:
I am a man in my mid forties and my business yields an average of 2 million a month. Should I close it down and immigrate with my family to Canada to start life afresh?
Pls assist me with your sincere advise.


Considering your monthly income per month in dollars (650 rate), you earn $3100 monthly, over there after expenses and deduction of tax you will still have above $10,000 to save, so If you have a genuine or illegally means to leave Nigeria please do it without looking back.


By the way which business were u running in Nigeria, I would like to know if you still want it existing why away?

1 Like

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by thesicilian: 12:30pm On Aug 29, 2022
Depends on how much you have saved.
In the next 1yr you may not be able to make that amount of money in Canada. Why not save as much as you can here in Nigeria so you can go set up a small scale business when you get to Canada.
Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Nobody: 12:37pm On Aug 29, 2022
Ckelly2022:
I am a man in my mid forties and my business yields an average of 2 million a month. Should I close it down and immigrate with my family to Canada to start life afresh?
Pls assist me with your sincere advise.
yes you can but pls dont close your business dash it to me and god will help u when u land in canada and start taxi driving business. anyway im a young man in my mid 20s pls help me with any amount

5 Likes

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by funshint(m): 12:39pm On Aug 29, 2022
You mean after deducting all expenses you still make about ₦2m?! Then what do you want to go and do in Canada? Except you want to travel out on vacation I won't advise you relocating permanently. Just make sure you have enough savings, avoid risky business transactions and try and expand your business little by little. You can send your children schooling abroad for their University education. Relocating isn't what I'll advice.

8 Likes

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Juoflife1(f): 1:36pm On Aug 29, 2022
If you make 2m monthly profit in Nigeria, pls stay here for now. 6months-1yr post election and Nigeria still no get head, you move.

1 Like

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by dollytino4real(f): 3:05pm On Aug 29, 2022
My goodness!! Abroad dey sweet pass anything here o! Atleast no Nepa blackouts, as police be here Na so e be there too, no bandit no Fulani n cows roaming

1 Like 1 Share

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by BigDawsNet: 4:07pm On Aug 29, 2022
Ckelly2022:
I am a man in my mid forties and my business yields an average of 2 million a month. Should I close it down and immigrate with my family to Canada to start life afresh?
Pls assist me with your sincere advise.

It's your decision bro

2 milli is a Huge income in Nigeria even with the present inflation...

Why don't you settle down and invest more on your business so it can grow to 5m/m

If u wanna hav kids... run a medical visa and hav ur kids abroad...
You can as well go for holiday anytime...

But if you decide to stop ur business and migrate... you will have to start from the basic level...

You may even drive Uber for years before u finally land that wonderful jobs...

For now... try visit Canada and use ur eyes to see how ur people are managing dere.... den with that Info... u can decide

God bless

3 Likes

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Smart3273: 7:14pm On Aug 29, 2022
Peoples response here are so genuine as you’ve asked and pls see how you starts here for that your business and put more energy to do so too when you get there.

Pls move to Canada cos you’ll also help people and people will also look up to you.

1 Like

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Shifi1: 7:23pm On Aug 29, 2022
Please can I know your business
Or I can manage it for u..
Re: Should I shut down my N2M monthly profit business & immigrate to canada? by sihamey: 7:32pm On Aug 29, 2022
eddynaira125:



Considering your monthly income per month in dollars (650 rate), you earn $3100 monthly, over there after expenses and deduction of tax you will still have above $10,000 to save, so If you have a genuine or illegally means to leave Nigeria please do it without looking back.


By the way which business were u running in Nigeria, I would like to know if you still want it existing why away?
If what you wrote here is as feasible as you said it, lots of people must have sold all their properties and Japa to Canada. People who give this kind of advise have not entered plane before.. If Op is actually earning 2m monthly he will not think of Japa rather he will visit on holiday with family.

7 Likes

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by justwise(m): 8:55pm On Aug 29, 2022
eddynaira125:



Considering your monthly income per month in dollars (650 rate), you earn $3100 monthly, over there after expenses and deduction of tax you will still have above $10,000 to save, so If you have a genuine or illegally means to leave Nigeria please do it without looking back.


By the way which business were u running in Nigeria, I would like to know if you still want it existing why away?

You don't know what you are talking about

3 Likes

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Treadway: 9:41pm On Aug 29, 2022
Fake thread. Who builds a business that turns profit of 2m monthly but is incapable of making a basic, logical decision?

You guessed right! Someone who doesn't have a business that turns a 2m profit monthly.

8 Likes

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by ednut1(m): 10:57pm On Aug 29, 2022
Which Canada visa do you qualify for in your mid 40s No dey cap here lol

2 Likes

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by mystery22: 11:44pm On Aug 29, 2022
Hmmn the rate people quote money they make monthly sounds .....
Re: Should I shut down my N2M monthly profit business & immigrate to canada? by planetx: 12:04am On Aug 30, 2022
eddynaira125:



Considering your monthly income per month in dollars (650 rate), you earn $3100 monthly, over there after expenses and deduction of tax you will still have above $10,000 to save, so If you have a genuine or illegally means to leave Nigeria please do it without looking back.


By the way which business were u running in Nigeria, I would like to know if you still want it existing why away?
People that have been in Canada 30+ years cannot save $10,000 monthly talkless of a 40 year old fresh immigrant. Doesn't matter anyway because this person is making #2 million monthly in his sweet dreams.

4 Likes

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Ashirioluwa: 12:37am On Aug 30, 2022
eddynaira125:



Considering your monthly income per month in dollars (650 rate), you earn $3100 monthly, over there after expenses and deduction of tax you will still have above $10,000 to save, so If you have a genuine or illegally means to leave Nigeria please do it without looking back.


By the way which business were u running in Nigeria, I would like to know if you still want it existing why away?

I have no idea where you obtained this information. In Canada, an entry-level position pays between $40k and $50k. An experienced worker's salary ranges from $75k to $100k. The income tax rate in Canada is 15% for the first $50,000 you earn. In Canada, the average monthly rent is over $1,100. Over 50% of people in Canada and other developed nations are not as wealthy as we think because most of them are living from paycheck to paycheck. Don't get me wrong; those guys residing outside of Nigeria have access to resources that are typically reserved for the rich in Nigeria. When taxes and living costs are included, a Nigerian earning 2 million naira per month is better off than the majority of Nigerians who reside abroad. 

You can send your children abroad to school if you have the means, but I'm not going to part with a guaranteed 24 million naira per year for an unknown $50,000. Keep running your business and take a vacation whenever you like.

We all know that Canada is a thousand times better than Nigeria, however, when your business is producing 2 million naira profit in Nigeria, you should focus on expanding rather than leaving the country to start over.

4 Likes

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Ertugrul: 3:10am On Aug 30, 2022
planetx:
People that have been in Canada 30+ years cannot save $10,000 monthly talkless of a 40 year old fresh immigrant. Doesn't matter anyway because this person is making #2 million monthly in his sweet dreams.
Ur moniker , does it refer to Nibiru? Anunaki?
Re: Should I shut down my N2M monthly profit business & immigrate to canada? by KENFERDYOORI(m): 6:13am On Aug 30, 2022
What! I wouldn't advise you to leave Nigeria. I recently read a review on Quora about how people are getting uncomfortable with Canada and it's recent dwindling economy. The reviewer also talked about an unemployment rate with job loss that's quite discomforting.
A business that generates an average of 2m per month is not bad, to begin with. It'll get better here, especially as we hope for better governance.

1 Like

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by MrBroke(m): 8:55am On Aug 30, 2022
eddynaira125:



Considering your monthly income per month in dollars (650 rate), you earn $3100 monthly, over there after expenses and deduction of tax you will still have above $10,000 to save, so If you have a genuine or illegally means to leave Nigeria please do it without looking back.


By the way which business were u running in Nigeria, I would like to know if you still want it existing why away?


You talking trash grin, where you get your reference from.

1 Like

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Ckelly2022: 11:18am On Aug 30, 2022
Actually, I have an electrical/electronics shop which yields an average of N1.5M monthly and a computer Business center which yields average of 500k monthly. I also do CCTV, website design, ICT training/consulting,
digital/affiliate Marketting/ and Solar panel installations as they come once in a while. So The 2miliion actually comes without so much stress.

I am a masters degree holder in information technology. I have over 16yrs working experience in IT and Telecom. I scored Band 8 IELTS result with high hopes for provincial nomination to get Canadian EXpress entry. ICT jobs sells hot in Canada.

So, I am at cross road to relocate with my family completely there or take them there and return back to my Business in Nigeria.
At the end, the decision is mine but, I am also interested in sampling your sincere opinions to fuel me on and solidify what ever decision I eventually make. You get?

2 Likes

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Ckelly2022: 11:24am On Aug 30, 2022
MrBroke:



You talking trash grin, where you get your reference from.
Interesting
Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Ckelly2022: 11:25am On Aug 30, 2022
Ckelly2022:
I am a man in my mid forties and my business yields an average of 2 million a month. Should I close it down and immigrate with my family to Canada to start life afresh?
Pls assist me with your sincere advise.
Actually, I have an electrical/electronics shop which yields an average of N1.5M monthly and a computer Business center which yields average of 500k monthly. I also do CCTV, website design, ICT training/consulting,
digital/affiliate Marketting/ and Solar panel installations as they come once in a while. So The 2miliion actually comes without so much stress.

I am a masters degree holder in information technology. I have over 16yrs working experience in IT and Telecom. I scored Band 8 IELTS result with high hopes for provincial nomination to get Canadian EXpress entry. ICT jobs sells hot in Canada.

So, I am at cross road to relocate with my family completely there or take them there and return back to my Business in Nigeria.
At the end, the decision is mine but, I am also interested in sampling your sincere opinions to fuel me on and solidify what ever decision I eventually make. You get?
Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Lazbourne007: 11:48am On Aug 30, 2022
I would have advised you to stay. But come to think of it, nothing is stable in Nigeria.

Anything can happen anytime. If this government favours you, you are not sure of the next one.

The future is not secure / guarantee in a place of Nigeria.

1 Like

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by planetx: 12:35pm On Aug 30, 2022
Ertugrul:

Ur moniker , does it refer to Nibiru? Anunaki?
Yes Nibiru the red dragon what do know about it.

1 Like

Re: Should I shut down my N2M monthly profit business & immigrate to canada? by sihamey: 9:01am On Aug 31, 2022
Ckelly2022:

Actually, I have an electrical/electronics shop which yields an average of N1.5M monthly and a computer Business center which yields average of 500k monthly. I also do CCTV, website design, ICT training/consulting,
digital/affiliate Marketting/ and Solar panel installations as they come once in a while. So The 2miliion actually comes without so much stress.

I am a masters degree holder in information technology. I have over 16yrs working experience in IT and Telecom. I scored Band 8 IELTS result with high hopes for provincial nomination to get Canadian EXpress entry. ICT jobs sells hot in Canada.

So, I am at cross road to relocate with my family completely there or take them there and return back to my Business in Nigeria.
At the end, the decision is mine but, I am also interested in sampling your sincere opinions to fuel me on and solidify what ever decision I eventually make. You get?
On this case don’t sell off your business to relocate to Canada, you can choose the option of relocating your family to Canada while you return here in Nigeria until the job is guaranteed for you in Canada. You might hear ICT job sell hot in Canada but not sure until you gets there. Meanwhile I have a friend who relocated his family to Canada with express entry and back to Nigeria to continue his job. He is into engineering field
Re: Should I shut down my N2M monthly profit business & immigrate to canada? by Nobody: 3:02pm On Aug 31, 2022
Ckelly2022:
I am a man in my mid forties and my business yields an average of 2 million a month. Should I close it down and immigrate with my family to Canada to start life afresh?
Pls assist me with your sincere advise.

What do you want? What do you want for your family? What is your motivation? You already have the thoughts so there should be a drive. Whether in Canada or Nigeria, you will do well.
Re: Should I shut down my N2M monthly profit business & immigrate to canada? by OkCornel(m): 5:49pm On Aug 31, 2022
Ckelly2022:
I am a man in my mid forties and my business yields an average of 2 million a month. Should I close it down and immigrate with my family to Canada to start life afresh?
Pls assist me with your sincere advise.

Don’t shut down your business.
Rather think of how you can get the best of both worlds (Naija and diaspora).

Your family can start life afresh over there while you grow your business to support them.

Also leverage on your spouse and friends’ network over there to expand your business.
Re: Should I shut down my N2M monthly profit business & immigrate to canada? by EagleEye4040: 11:51pm On Aug 31, 2022
justwise:


You don't know what you are talking about
$10k Keanu? U suppose ask am if na drug business. They believe money dey rain here. Lol
Re: Should I shut down my N2M monthly profit business & immigrate to canada? by EagleEye4040: 11:52pm On Aug 31, 2022
Treadway:
Fake thread. Who builds a business that turns profit of 2m monthly but is incapable of making a basic, logical decision?

You guessed right! Someone who doesn't have a business that turns a 2m profit monthly.
Exactly

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