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HOW DO I GROW MY SALARY TO RIGHT INVESTMENTS
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Meduza
#1 Posted : Tuesday, May 21, 2013 12:08:26 PM
Rank: Member


Joined: 2/7/2013
Posts: 447
Location: Nairobi
I am a new member here. I have learn a lot from this group.

Is there a formula(%) on how to save/invest on your salary so that you make the best out of it in long term; in terms of what percent should I invest or save?
You cant win, unless you first begin....
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mkeiyd
#2 Posted : Tuesday, May 21, 2013 12:24:17 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 1,182
Meduza wrote:
I am a new member here. I have learn a lot from this group.

Is there a formula(%) on how to save/invest on your salary so that you make the best out of it in long term; in terms of what percent should I invest or save?


I think that depends more on how much you make/earn and your age/family. If you are below 25 and single, earning more than 50k per month, try capping your monthly expense to 20k.
But then again, what do i know!
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Meduza
#3 Posted : Tuesday, May 21, 2013 12:36:48 PM
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Joined: 2/7/2013
Posts: 447
Location: Nairobi
say 100k. am going thirty fae
You cant win, unless you first begin....
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T-Bag
#4 Posted : Tuesday, May 21, 2013 1:01:36 PM
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Joined: 9/25/2008
Posts: 510
download and read "the richest man in babylon"
I AM trust in GOD, I AM belief in THYSELF
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Meduza
#5 Posted : Tuesday, May 21, 2013 2:53:57 PM
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Joined: 2/7/2013
Posts: 447
Location: Nairobi
T-Bag wrote:
download and read "the richest man in babylon"


YEAH thanks
You cant win, unless you first begin....
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wilyum
#6 Posted : Tuesday, May 21, 2013 3:18:04 PM
Rank: Veteran


Joined: 12/21/2011
Posts: 1,010
do the maths, whats your total expenses and see how much you are with..then from there see how much you can comfortably save... personally i save half of my salo bt sina familia.....
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digitek1
#7 Posted : Tuesday, May 21, 2013 3:36:11 PM
Rank: Veteran


Joined: 2/3/2010
Posts: 1,797
Location: Kenya
Meduza wrote:
say 100k. am going thirty fae


Spend 30%
Invest 30%
Save 30%

ie 60% of your salo is on saving and investments. hiyo balance of 10% invest in your self
I may be wrong..but then I could be right
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Mastermind
#8 Posted : Tuesday, May 21, 2013 3:42:34 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
http://www.wazua.co.ke/f...aspx?g=posts&t=18473
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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chiaroscuro
#9 Posted : Tuesday, May 21, 2013 3:55:47 PM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
digitek1 wrote:
Meduza wrote:
say 100k. am going thirty fae


Spend 30%
Invest 30%
Save 30%

ie 60% of your salo is on saving and investments. hiyo balance of 10% invest in your self


And tithing [donations to the needy]?

Anyway; so if the sallo is 25k, we spend 7.5k [on what?], invest 7.5k and save 7.5k? Then spend 2.5k on self?

Not realistic.

I suggest give 10% [2.5k for a sallo of 25k]

Save&invest 10% [2.5k]

Spend 80% on rent food clothing etc [20k]

Make it "SMART" Specific, Measurable, Attainable, Realistic, Timely - give yourself a time-line [by next election I shall have....]
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digitek1
#10 Posted : Tuesday, May 21, 2013 5:18:56 PM
Rank: Veteran


Joined: 2/3/2010
Posts: 1,797
Location: Kenya
chiaroscuro wrote:
digitek1 wrote:
Meduza wrote:
say 100k. am going thirty fae


Spend 30%
Invest 30%
Save 30%

ie 60% of your salo is on saving and investments. hiyo balance of 10% invest in your self


And tithing [donations to the needy]?

Anyway; so if the sallo is 25k, we spend 7.5k [on what?], invest 7.5k and save 7.5k? Then spend 2.5k on self?

Not realistic.

I suggest give 10% [2.5k for a sallo of 25k]

Save&invest 10% [2.5k]

Spend 80% on rent food clothing etc [20k]

Make it "SMART" Specific, Measurable, Attainable, Realistic, Timely - give yourself a time-line [by next election I shall have....]

Shame on you spend 80% of your salary at your own peril..

but the guy says he has 100k not 25kd'oh!
I may be wrong..but then I could be right
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murchr
#11 Posted : Tuesday, May 21, 2013 6:47:48 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
T-Bag wrote:
download and read "the richest man in babylon"


Best advice so far
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Meduza
#12 Posted : Tuesday, May 21, 2013 7:48:34 PM
Rank: Member


Joined: 2/7/2013
Posts: 447
Location: Nairobi
Mastermind wrote:
http://www.wazua.co.ke/forum.aspx?g=posts&t=18473


thanks so much. lots of good info here....smile smile
You cant win, unless you first begin....
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