Wazua
»
Club SK
»
Life
»
Let's talk salaries
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
|
What do you think is a good salary to sustain someone in Nairobi without worries? I was surprised to see in today's dailies that only 2.8% Kenyans earn over 100k. Then I thought of all these tusubarus on the roads... BBI will solve it :)
|
|
Rank: Member Joined: 9/11/2015 Posts: 244 Location: Thika
|
In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. Since men have learned to shoot without missing, I have learned to fly without perching
|
|
Rank: Member Joined: 1/22/2015 Posts: 682
|
Jon Jones wrote:In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. I concur. Any single person who spends over 200k in a month in Kenya has a demon in his life that will finish him. The killer demons are usually flossing, madame, drugs and alcohol.
|
|
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
|
Jon Jones wrote:In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. And the rent would be how much? BBI will solve it :)
|
|
Rank: Member Joined: 9/11/2015 Posts: 244 Location: Thika
|
2012 wrote:Jon Jones wrote:In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. And the rent would be how much? No idea. People are different. For example some people drink, others don't. It is not an exact science and this is just my opinion. Personally I would use 30k rent and 70k expenses. Since men have learned to shoot without missing, I have learned to fly without perching
|
|
Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
|
Jon Jones wrote:2012 wrote:Jon Jones wrote:In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. And the rent would be how much? No idea. People are different. For example some people drink, others don't. It is not an exact science and this is just my opinion. Personally I would use 30k rent and 70k expenses. Deduct school fees and utilities from that. You'll be left with next to nothing if anything at all
|
|
Rank: Member Joined: 12/17/2011 Posts: 887
|
Jon Jones wrote:In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. I don’t want to sound arrogant or proud, but while saving 200k per month is a good goal, I don’t know if someone can live comfortably on 100k a month in this Nairobi. Rent in a decent neighborhood is already 50k+. How are you really supposed to live on the other 50k a month while paying all those other bills? Gas (petrol) per month on a decent car is about 15k, light bill, food, entertainment. I am just not sure about 100k.
|
|
Rank: Member Joined: 9/11/2015 Posts: 244 Location: Thika
|
hamburglar wrote:Jon Jones wrote:In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. I don’t want to sound arrogant or proud, but while saving 200k per month is a good goal, I don’t know if someone can live comfortably on 100k a month in this Nairobi. Rent in a decent neighborhood is already 50k+. How are you really supposed to live on the other 50k a month while paying all those other bills? Gas (petrol) per month on a decent car is about 15k, light bill, food, entertainment. I am just not sure about 100k. You probably earn more, that's why. Comfortable is relative and you may already be used to luxuries not available to the common man. A single man will live very comfortably in Nairobi spending 100k per month on all expenses. The OP asked for a comfortable life, not luxurious life. 30k will get you a decent two bedroom apartment within a 20 km radius from CBD with secure parking. 70k is enough to maintain a basic 1500cc Premio, drink every Friday+nyama choma etc. 100k is a lot of money to spend for a bachelor or a man with a low maintenance employed girlfriend. However, I agree that the budget may exceed 100k if a kid comes into the picture because there will be need for at least 3 bedrooms (50k stand alone house in a gated estate), and normal expenses that come along with kids e.g live-n househelp, medical check-ups etc. So, 100k expenses may be a very tough call to live comfortably when raising a child. Say 150k if there is a kid. So, spend 150k and save/invest 150k. Since men have learned to shoot without missing, I have learned to fly without perching
|
|
Rank: Member Joined: 5/27/2016 Posts: 274 Location: Pub
|
Avoid Kids and and an expensive woman...... you will be peaceful until age catches up I work so I can afford the amount of alcohol required to continue going to work
|
|
Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
|
90% of salary earning employees earn less than 100k married or otherwise.the trick is to adjust as the fortunes change.try to live within means and take that as the comfortable life in that season.some start down there but through hardwork and honesty later live a relatively comfortable life in a third world country standards punda amecheka
|
|
Rank: Member Joined: 11/10/2010 Posts: 281 Location: Nairobi
|
|
|
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
|
hamburglar wrote:Jon Jones wrote:In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. I don’t want to sound arrogant or proud, but while saving 200k per month is a good goal, I don’t know if someone can live comfortably on 100k a month in this Nairobi. Rent in a decent neighborhood is already 50k+. How are you really supposed to live on the other 50k a month while paying all those other bills? Gas (petrol) per month on a decent car is about 15k, light bill, food, entertainment. I am just not sure about 100k. 50K rent is not considered decent. It's considered rich. Decent ni kitu 15-30(single/small family) If you don't believe, check all these popular places where your comfortable working class & biz people live- Ruaka, Thindigua etc Kilimani isn't for kila mtu
|
|
Rank: Member Joined: 12/17/2011 Posts: 887
|
Jon Jones wrote:hamburglar wrote:Jon Jones wrote:In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. I don’t want to sound arrogant or proud, but while saving 200k per month is a good goal, I don’t know if someone can live comfortably on 100k a month in this Nairobi. Rent in a decent neighborhood is already 50k+. How are you really supposed to live on the other 50k a month while paying all those other bills? Gas (petrol) per month on a decent car is about 15k, light bill, food, entertainment. I am just not sure about 100k. You probably earn more, that's why. Comfortable is relative and you may already be used to luxuries not available to the common man. A single man will live very comfortably in Nairobi spending 100k per month on all expenses. The OP asked for a comfortable life, not luxurious life. 30k will get you a decent two bedroom apartment within a 20 km radius from CBD with secure parking. 70k is enough to maintain a basic 1500cc Premio, drink every Friday+nyama choma etc. 100k is a lot of money to spend for a bachelor or a man with a low maintenance employed girlfriend. However, I agree that the budget may exceed 100k if a kid comes into the picture because there will be need for at least 3 bedrooms (50k stand alone house in a gated estate), and normal expenses that come along with kids e.g live-n househelp, medical check-ups etc. So, 100k expenses may be a very tough call to live comfortably when raising a child. Say 150k if there is a kid. So, spend 150k and save/invest 150k. This is about right. I would think with that money you would at least need to live on 150k and save 150k which is still very good savings per month. You only live once, if you are making that 300k per month, live a little, mix it up by living well now and setting yourself up for the future with the savings. 150k with a wife and a kid is okay, still not great but workable. Guys, don’t live in Kinoo or Roysambu if you are making 300k, live life kiasi, live in a decent neighborhood. Saving money is good but living a comfortable life is also very important. Life is too short.
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
Shak wrote:Jon Jones wrote:2012 wrote:Jon Jones wrote:In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. And the rent would be how much? No idea. People are different. For example some people drink, others don't. It is not an exact science and this is just my opinion. Personally I would use 30k rent and 70k expenses. Deduct school fees and utilities from that. You'll be left with next to nothing if anything at all Again it depends on your type of school for your kidos and how much peer pressure you can withstand from akina johnies. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
|
|
Rank: Member Joined: 5/8/2007 Posts: 709
|
hamburglar wrote:Jon Jones wrote:hamburglar wrote:Jon Jones wrote:In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. I don’t want to sound arrogant or proud, but while saving 200k per month is a good goal, I don’t know if someone can live comfortably on 100k a month in this Nairobi. Rent in a decent neighborhood is already 50k+. How are you really supposed to live on the other 50k a month while paying all those other bills? Gas (petrol) per month on a decent car is about 15k, light bill, food, entertainment. I am just not sure about 100k. You probably earn more, that's why. Comfortable is relative and you may already be used to luxuries not available to the common man. A single man will live very comfortably in Nairobi spending 100k per month on all expenses. The OP asked for a comfortable life, not luxurious life. 30k will get you a decent two bedroom apartment within a 20 km radius from CBD with secure parking. 70k is enough to maintain a basic 1500cc Premio, drink every Friday+nyama choma etc. 100k is a lot of money to spend for a bachelor or a man with a low maintenance employed girlfriend. However, I agree that the budget may exceed 100k if a kid comes into the picture because there will be need for at least 3 bedrooms (50k stand alone house in a gated estate), and normal expenses that come along with kids e.g live-n househelp, medical check-ups etc. So, 100k expenses may be a very tough call to live comfortably when raising a child. Say 150k if there is a kid. So, spend 150k and save/invest 150k. This is about right. I would think with that money you would at least need to live on 150k and save 150k which is still very good savings per month. You only live once, if you are making that 300k per month, live a little, mix it up by living well now and setting yourself up for the future with the savings. 150k with a wife and a kid is okay, still not great but workable. Guys, don’t live in Kinoo or Roysambu if you are making 300k, live life kiasi, live in a decent neighborhood. Saving money is good but living a comfortable life is also very important. Life is too short. Typical Stereotype, Kinoo or Roysambu to you are poor people places. You are very mistaken, So many billionaires & millionaires live in those places comfortably.
|
|
Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
|
Talk of salaries is talk about employment in the formal sector, which accounts for very limited numbers in Kenya.
Normally in Kenya, most people do wages and side hustles that tend to have multiplier effects. For example you can guess how the police constable ended up having a Toyota packed outside the post.
Anyway, @2012's question doesn't appear to have an answer since worry has very little to do with wage or salary but has much to do with ambition and desire. Moreover, even if one had 2.4M per year for investment there'd still be worries about how exactly to invest the money especially when the time needed to run any venture is limited because one is busy earning the salary.
Worry in an urban set up is a function of how capital works and normally, the greater the capital the greater the worry.
Notice how so far guys are talking about consumption. But consumption has no end.
BTW, I'd be interested to know how many wazuans have gold as part of their possession and why they have it in the first place...
|
|
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
|
Impunity wrote:Shak wrote:Jon Jones wrote:2012 wrote:Jon Jones wrote:In my opinion 300k net. Live off 100k and invest 200k. That's 2.4 million per year for investments which is pretty decent. 100k is enough to live on and drive etc in Nairobi assuming you are single or have only one kid and a working spouse. And the rent would be how much? No idea. People are different. For example some people drink, others don't. It is not an exact science and this is just my opinion. Personally I would use 30k rent and 70k expenses. Deduct school fees and utilities from that. You'll be left with next to nothing if anything at all Again it depends on your type of school for your kidos and how much peer pressure you can withstand from akina johnies. Good point. Reminds me of this article Quote:Who makes your mind up for you? That would be you, right?
Of course we all want to believe we are independent spirits and free-minded souls; that we think for ourselves and come to our own conclusions. Sadly, for most of us that is just a delusion. Our minds are being made up for us, every day, and we don’t even know it. https://sunwords.com/201...es-your-mind-up-for-you/
|
|
Rank: Member Joined: 9/11/2015 Posts: 244 Location: Thika
|
Living without worries is relative. If you are well off, you can go and rent those 200k plus per month houses in exclusive gated estates in Rosslyn or other areas of Spring Valley but be prepared to live with rich Indians, I think that lifestyle requires 1 million plus per month. If you have some property generating that in rent, you can rest easy among the super elite without worries. If that 1 million monthly cashflow is from business, you can live there but with worries because businesses don't have stable income. Since men have learned to shoot without missing, I have learned to fly without perching
|
|
Rank: New-farer Joined: 12/28/2018 Posts: 70 Location: Helsingborg, Sweden
|
Wow, you people call such high salaries that I can't even imagine the whole case anyway. How do you go with it ? 100k net is already not that low and 300k net ? Which job do you have ? Software engineer in Microsoft or something like that ?
|
|
Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
|
2Czar wrote:Wow, you people call such high salaries that I can't even imagine the whole case anyway. How do you go with it ? 100k net is already not that low and 300k net ? Which job do you have ? Software engineer in Microsoft or something like that ? I'd say that some like @Hamburglar work for Trump inc.
|
|
Wazua
»
Club SK
»
Life
»
Let's talk salaries
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|