How Do You Save Money ?

[Basra-]

Buy used??? I would never buy something was used by another person. Germs infested? uuff


Abdi u r indeed a cheapo!



But good advices of some of them.

[Nacaas77]

i take benifets from the goverment and i work in same time cash hand , i dont pay tax or rent cos the goverment pay all this cos i cliam am sick and i have back problem , i make good money man

[dawwa9]

Every month a minimum of 1000 dollars goes to my investment account, if I keep this up for 8-10 years I will be a millionaire 8)

That is if the market don't collapse, and there is 67% chance it will collapse near future.

I don't invest in western markets.

Most of my money is in African companies (yes, African companies!), so far since I started 1,5 years ago it increased by 168%

Angola, Egypt and Nigeria

[AbdiWahab252]

Miss Nalia,

U are very thrifty

LOL @ Zulaika


Basra-,

I am not suggesting you buy used clothing at all but used equipment like TV etc.

Dawwa,

Africa is a great place for investment. The most you can make on a good US return is about 10% per year.

The biggest gain I made on a stock this year was 350%.

[dawwa9]

Dawwa,

Africa is a great place for investment. The most you can make on a good US return is about 10% per year.

The biggest gain I made on a stock this year was 350%.

African companies are great

But you should watch out for those who are heavily linked to the western/global markets, mostly the ones in natural resources (Oil, Platinum, Gold etc).

Construction, Banks, Trading companies and Technology are sky rocking in Africa.

[AbdiWahab252]

Dawwa,

Which broker do you use ? Any recommendations ?

[dawwa9]

I don't think the broker I use is available in the US.

Recommendations

Angola is a good solid long term investment (5-10 years), look if it is possible for you to buy Angolan stocks in the US

[AbdiWahab252]

Dawwa,

So is your broker based in Dubai ?

Angola looks like a good bet. I also believe another good bet coming up soon will be Zimbabwe.

I wish I partook in an investment in a telecommunications company (Cellular service) in Mozambique. Everyone else who did is now up 15 times their initial investment.

[SummerRain]

Ismahan,

I call Ayuuto: Shalongo. Not a bad strategy on saving money if you are a spender. Personally, I would recommend setting up an online high rate savings account and doing automatic monthly deductions into it.

I dont mess with interest, wax kale iisheeg ina adeer. Right now, I'm happy with my ayuuto plan.

[Jamac_Yare]

work 3 jobs spend money earned from 1 job on food and clothes save money earned from other 2 jobs
simple

[*Nobleman*]

Hagbaad is great. I pay 800 a month and will receive 8000 after 10 months.

I save upto 80% of my income, cos i'm still living at home and have minimal bills such as gym, travel, internet, sky, mobile etc. Alhamdulilah.


AW and Dawwa please share more on these african investments. Whats the risk like and where are the broker based?

[AyanTu]

work 3 jobs spend money earned from 1 job on food and clothes save money earned from other 2 jobs
simple

3 Jobs....wow