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wilyum
#1 Posted : Wednesday, July 25, 2012 2:21:21 PM
Rank: Veteran

Joined: 12/21/2011
Posts: 1,010
Hello Wazuans,


need to advice from wazees in the house,

got an extra 50k which am torn on how to subdivide it between the needs i have.

1. the first need is acquire some land or property in a good place.
2. i know this sounds crazy bt a wedding to think abt nxt year.

how do i go achieving the two?
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mlennyma
#2 Posted : Wednesday, July 25, 2012 2:41:19 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Look for a plot in your local village for the wedding...hahaha
"Don't let the fear of losing be greater than the excitement of winning."
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Sufficiently Philanga....thropic
#3 Posted : Wednesday, July 25, 2012 2:44:57 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
wilyum wrote:
Hello Wazuans,


need to advice from wazees in the house,

got an extra 50k which am torn on how to subdivide it between the needs i have.

1. the first need is acquire some land or property in a good place.
2. i know this sounds crazy bt a wedding to think abt nxt year.

how do i go achieving the two?


First of all, forget about land. 50K would not get you land not unless you are talking about some far place in the interiors and even then, it has to be a plot.
For 50K, given that you need the money in an years time for wedding expenses, i'd buy Scom at 3.70 and some KK and 16 and wait for the takeover!
My 2cents!
@SufficientlyP
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wilyum
#4 Posted : Wednesday, July 25, 2012 2:59:33 PM
Rank: Veteran

Joined: 12/21/2011
Posts: 1,010
i mean 50K extra every month.
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kyt
#5 Posted : Wednesday, July 25, 2012 3:10:54 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
50K every month ni pesa mzuri sana boss, u dont need advice from us. just set a target of the wedding and once thats achieved, just check for land deals 15-20km outside nairobi. u will be surprised at how good those deals can be.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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wilyum
#6 Posted : Wednesday, July 25, 2012 3:12:56 PM
Rank: Veteran

Joined: 12/21/2011
Posts: 1,010
@kyt,thxs bt i nid sme thoughts to comapre with wot am thinking,kuomba ushauri si hatia.
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PKoli
#7 Posted : Wednesday, July 25, 2012 3:21:46 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
wilyum wrote:
i mean 50K extra every month.


Just make a standing order to your broker and purchase CFCI at sub8. When the price reaches 15 you can sell or diversify
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Kaka M
#8 Posted : Wednesday, July 25, 2012 5:08:15 PM
Rank: Member

Joined: 4/18/2011
Posts: 459
wilyum wrote:
Hello Wazuans,


need to advice from wazees in the house,

got an extra 50k which am torn on how to subdivide it between the needs i have.

1. the first need is acquire some land or property in a good place.
2. i know this sounds crazy bt a wedding to think abt nxt year.

how do i go achieving the two?





Consider Joining a Sacco, Contribute 50k per month for 6 months consistently and if the sacco has the facility like Mhasibu they can finance u to buy a plot upto four times your contribution.
Depending on your priorities you can borrow for the wedding as well. The good thing is that what is in your sacco is as it were renewal expenditure/development money. You save, borrow, repay in small amounts offcourse with interest as a cost but you can do so many things with the amount and it will still be there once u have made all your repayments and want to withdraw from the Sacco.

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wilyum
#9 Posted : Wednesday, July 25, 2012 5:12:53 PM
Rank: Veteran

Joined: 12/21/2011
Posts: 1,010
@kaka m,thts a great advice there,noted.thxs
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wilyum
#10 Posted : Wednesday, July 25, 2012 5:15:28 PM
Rank: Veteran

Joined: 12/21/2011
Posts: 1,010
@kaka m,can i join mhasibu if am from IT background?
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