What would you do with KSh 500k - 1m per month at age 35

[pizza]

No kids, no dependents. Net amount.

How would you ensure that by 40 you've used the money to properly set yourself up?

 

[mzeiya]

As you ponder on what to do, weka hiyo pesa kwa money market fund

 

[JazzMan]

As you ponder on what to do, weka hiyo pesa kwa money market fund

Hao brokers si huwa wancheza na hiyo pesa, you may even end up losing it? Naogopa tamaa ya Wakenya kwa pesa kuliko corona. Afadhali niweke kwa T-bills.

 

[emali]

I would buy mburoti maguta maguta worth 1m every other month...

 

[It's Me Scumbag]

Disasterptenuer?

 

[Anglututu]

First things first, do not live it up. Stay calm
As much as people think of investing, this would be the order, find a home, eliminate rent.
Alternatively invest in rental property even if you continue renting.
Have a saving plan, 30% of your monthly income goes straight to the bank, for your future. Hakuna mambo ya Yolo, that phrase has been misused.

 

[Mtu7]

500k plot.
Either biashara
-Wines & spirit
-Distilled water
-Nunua gari ya uber if you are the driver na huna Nazi
-Weka mbuzi

 

[wrongturn]

just eat more @pizza as i ponder what to do till i reach 40, also invest in long term government securities

 

[bigDog]

Look for an area where the average rent is about 25 to 30k. Buy land there and build apartments, the more luxurious the better. You should be able to hit above 600K pm in rental income easily.

 

[Eye Candy]

I would do farming....i will not expound.

 

[Stevoste]

No kids, no dependents. Net amount.

How would you ensure that by 40 you've used the money to properly set yourself up?

si unacheza tu na mainvestment

 

[tall mnyama everywhere]

Why would you be 35 years old with no kid??

 

[The Wizard Of Kamulu]

Look for an area where the average rent is about 25 to 30k. Buy land there and build apartments, the more luxurious the better. You should be able to hit above 600K pm in rental income easily.

with 500k ?????

 

[bigDog]

with 500k ?????

Yes. 500-1m monthly income ni pesa mingi. Jamaa azeoee saving. If I were him, I would draw montly expenses only and ring fence the rest for investments.

 

[X-TRAIL]

I would invest kabisa in businesses baadae labda rental ukifika 45 hapo

 

[bigDog]

I would invest kabisa in businesses baadae labda rental ukifika 45 hapo

Put all your savings in high interest earning plans like the government bonds for the short term. I promise you that this is as liquid as cash. Scout for assets going for a song. If you have a luxury of living in Nairobi, visit those auction houses, talk to land brokers, read Monday and Tuesday newspapers. You will surely get a bargain. Buy low and sell high.

Its hard work but I have done it once. I hope to repeat. Problem is following up for those that are foreign based.