Boy,the greatest risk is to risk nothing.Invest in something land,stocks etc.Time brings the difference in returns.By the time you are discovered by a "miner" and you find you can not save a penny you will have covered some financial distance.

@ GithukuSM I totally agree with you. I am risk averse...and i guess am taking too much time to action.

@mashaa, save firstly 4 emergencies e.g job loss (..stocks, bills, a little in cash 100K). Mortgages...i feel u...ur biggest headache wen building ur own hse is finding the land, secure it 2day. Buy both 4 speculation and where u foresee urself building and living in. Dowry, car(s), wedding(s), masters,kids these will catch up with u so plan for them too with stocks, insurance schemes, land.
Lastly, sacrifice a small part of ur savings to start financing small businesses (farming, mpesa, taxi, car hire etc) that will teach u valuable lessons in running ur own business and in future provide a second income stream and security against job loss.
To benefit from the time value of money, you may have to do these in parallel, cheers!

@ Babyelephant, Thanks. I have set aside 120K for emergencies in cash. I am still learning about stocks and will surely put something small there. In the meantime am actively looking into purchasing land for speculation mainly. Thanks for reminding me to plan a little for further education. I had almost overlooked that. I will steer clear of mortgages for now. I am still toying with starting a small business to give me that second stream of income. You aptly put it when you said i have to multitask. That is a skill i really need to refine.

how about bond market?...Guys making good money there