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Investing in your 20s
Rank: Member Joined: 2/27/2014 Posts: 454 Location: Republic of Enchantment.
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grahamsdisciple wrote:Multipod wrote:grahamsdisciple wrote:The best advice I received is to ensure that you have at least a year of living expenses saved up in a savings account or money market fund. Once this is done you can invest with more confidence. Find an area that suits you and work on it. In your 20's the greatest return on investment are found in Human Capital therefore invest in professional training programs, learn a new language and take up further studies if possible.
Therefore, create a solid financial base for contingencies and rainy days then invest in yourself and find something/an area of investment that works for you. Most people think investing is only stocks, bonds or land however there are a million other areas. I have actually never thought of it that way. I need to invest in myself. Lakini, wueh! 1 years worth! That's a lot! It depends on your employability, usually it's 6 months worth of expenses but Kenya is looking volatile nowadays so let's say a year. Honestly, there's nothing worse than having to liquidate investments at huge discounts due to cash flow problems. Wise words.I will evaluate myself. Divers - can you laugh in scuba gear, or will you drown? I was wondering. - James May.
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Rank: New-farer Joined: 6/25/2015 Posts: 36 Location: Nairobi, Kenya
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sitaki.kujulikana wrote:You are an interesting person, even under online anonymity, you still find it hard to mention your exact age 20s could be 20 or 29.
you also find it hard to mention the income you get, how are you going to be helped if you fail to mention that.
Tell your exact age, the monthly income, and the work you do. someone may have made it in a situation similar and can give advice based on factual events, otherwise you will just get theoretical advice which you can get in any business book.
I have always felt the biggest advantage of forums is you get to tap into practical experience that you can not gain without going through the same for a longer period. Ok, ok @sitaki.kujulikana,I'm 28, monthly income about KES 130,000 excluding per diem allowances which range from 20k to 200k monthly, I work in engineering.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Multipod wrote:sitaki.kujulikana wrote:You are an interesting person, even under online anonymity, you still find it hard to mention your exact age 20s could be 20 or 29.
you also find it hard to mention the income you get, how are you going to be helped if you fail to mention that.
Tell your exact age, the monthly income, and the work you do. someone may have made it in a situation similar and can give advice based on factual events, otherwise you will just get theoretical advice which you can get in any business book.
I have always felt the biggest advantage of forums is you get to tap into practical experience that you can not gain without going through the same for a longer period. Ok, ok @sitaki.kujulikana,I'm 28, monthly income about KES 130,000 excluding per diem allowances which range from 20k to 200k monthly, I work in engineering. If you're not married,get a wife/husband first,if gay get a partner. Being in a marriage/commitment improves your due diligence and risk assessment and management If Obiero did it, Who Am I?
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Rank: New-farer Joined: 6/25/2015 Posts: 36 Location: Nairobi, Kenya
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Swenani wrote:Multipod wrote:sitaki.kujulikana wrote:You are an interesting person, even under online anonymity, you still find it hard to mention your exact age 20s could be 20 or 29.
you also find it hard to mention the income you get, how are you going to be helped if you fail to mention that.
Tell your exact age, the monthly income, and the work you do. someone may have made it in a situation similar and can give advice based on factual events, otherwise you will just get theoretical advice which you can get in any business book.
I have always felt the biggest advantage of forums is you get to tap into practical experience that you can not gain without going through the same for a longer period. Ok, ok @sitaki.kujulikana,I'm 28, monthly income about KES 130,000 excluding per diem allowances which range from 20k to 200k monthly, I work in engineering. If you're not married,get a wife/husband first,if gay get a partner. Being in a marriage/commitment improves your due diligence and risk assessment and management But does that mean if one isn't married, they should while away their time "enjoying life"? And whatever happened to higher risk,higher return? Putting off marriage for later also increases the chances of getting higher returns. Or doesn't it?
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Multipod wrote:Swenani wrote:Multipod wrote:sitaki.kujulikana wrote:You are an interesting person, even under online anonymity, you still find it hard to mention your exact age 20s could be 20 or 29.
you also find it hard to mention the income you get, how are you going to be helped if you fail to mention that.
Tell your exact age, the monthly income, and the work you do. someone may have made it in a situation similar and can give advice based on factual events, otherwise you will just get theoretical advice which you can get in any business book.
I have always felt the biggest advantage of forums is you get to tap into practical experience that you can not gain without going through the same for a longer period. Ok, ok @sitaki.kujulikana,I'm 28, monthly income about KES 130,000 excluding per diem allowances which range from 20k to 200k monthly, I work in engineering. If you're not married,get a wife/husband first,if gay get a partner. Being in a marriage/commitment improves your due diligence and risk assessment and management But does that mean if one isn't married, they should while away their time "enjoying life" That's what you are implying,I didn't say so....see highlighted in red above If Obiero did it, Who Am I?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Multipod wrote:sitaki.kujulikana wrote:You are an interesting person, even under online anonymity, you still find it hard to mention your exact age 20s could be 20 or 29.
you also find it hard to mention the income you get, how are you going to be helped if you fail to mention that.
Tell your exact age, the monthly income, and the work you do. someone may have made it in a situation similar and can give advice based on factual events, otherwise you will just get theoretical advice which you can get in any business book.
I have always felt the biggest advantage of forums is you get to tap into practical experience that you can not gain without going through the same for a longer period. Ok, ok @sitaki.kujulikana,I'm 28, monthly income about KES 130,000 excluding per diem allowances which range from 20k to 200k monthly, I work in engineering. Concentrate on your career, develop yourself. For as long as your job remains the main source of livelihood. Invest your extra cash in passive investments i.e stocks, bonds, bills, Sacco, land. Preferably investments that are liquid and income producing. Join a pension scheme, take an insurance policy. They compound your wealth over time due to tax savings and employer contributions. Life is short. Live passionately.
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Rank: Member Joined: 1/22/2015 Posts: 682
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Multipod wrote:sitaki.kujulikana wrote:You are an interesting person, even under online anonymity, you still find it hard to mention your exact age 20s could be 20 or 29.
you also find it hard to mention the income you get, how are you going to be helped if you fail to mention that.
Tell your exact age, the monthly income, and the work you do. someone may have made it in a situation similar and can give advice based on factual events, otherwise you will just get theoretical advice which you can get in any business book.
I have always felt the biggest advantage of forums is you get to tap into practical experience that you can not gain without going through the same for a longer period. Ok, ok @sitaki.kujulikana,I'm 28, monthly income about KES 130,000 excluding per diem allowances which range from 20k to 200k monthly, I work in engineering. Sasa ona, I think I know him! :D
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Mike Ock wrote:Multipod wrote:sitaki.kujulikana wrote:You are an interesting person, even under online anonymity, you still find it hard to mention your exact age 20s could be 20 or 29.
you also find it hard to mention the income you get, how are you going to be helped if you fail to mention that.
Tell your exact age, the monthly income, and the work you do. someone may have made it in a situation similar and can give advice based on factual events, otherwise you will just get theoretical advice which you can get in any business book.
I have always felt the biggest advantage of forums is you get to tap into practical experience that you can not gain without going through the same for a longer period. Ok, ok @sitaki.kujulikana,I'm 28, monthly income about KES 130,000 excluding per diem allowances which range from 20k to 200k monthly, I work in engineering. Sasa ona, I think I know him! :D  Life is short. Live passionately.
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Rank: New-farer Joined: 6/25/2015 Posts: 36 Location: Nairobi, Kenya
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sparkly wrote:Mike Ock wrote:Multipod wrote:sitaki.kujulikana wrote:You are an interesting person, even under online anonymity, you still find it hard to mention your exact age 20s could be 20 or 29.
you also find it hard to mention the income you get, how are you going to be helped if you fail to mention that.
Tell your exact age, the monthly income, and the work you do. someone may have made it in a situation similar and can give advice based on factual events, otherwise you will just get theoretical advice which you can get in any business book.
I have always felt the biggest advantage of forums is you get to tap into practical experience that you can not gain without going through the same for a longer period. Ok, ok @sitaki.kujulikana,I'm 28, monthly income about KES 130,000 excluding per diem allowances which range from 20k to 200k monthly, I work in engineering. Sasa ona, I think I know him! :D 
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Multipod wrote:sitaki.kujulikana wrote:You are an interesting person, even under online anonymity, you still find it hard to mention your exact age 20s could be 20 or 29.
you also find it hard to mention the income you get, how are you going to be helped if you fail to mention that.
Tell your exact age, the monthly income, and the work you do. someone may have made it in a situation similar and can give advice based on factual events, otherwise you will just get theoretical advice which you can get in any business book.
I have always felt the biggest advantage of forums is you get to tap into practical experience that you can not gain without going through the same for a longer period. Ok, ok @sitaki.kujulikana,I'm 28, monthly income about KES 130,000 excluding per diem allowances which range from 20k to 200k monthly, I work in engineering. Impunity is that you? If Obiero did it, Who Am I?
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