Hello Wazua Veterans. I am a young person aged 23yrs...salary around Ksh 100,000 net. I believe that most of you were once here at some point. Single, and not ready to mingle. I have been having many thoughts on how to use my extra cash because my expenses hardly reach 25k. Sometimes I think of buying a car, other times I think of land, matatu, etc. Please note that I have a full time job 8-5. I figured that since most wazuans have been at this point before, I can get some insight in things they would have done differently, and then apply them in my own life. Thanks in advance!

I once worked with an old guy at the same level and always got amazed at how he would find and give the best positive and motivative answer even to the most ridiculous questions from some of us who were almost age mates to his kids then.I adored him for that.This needs help ...and that is what he want most NOW not ridicule or dismissive language or mockery.The young man has faith in Wazua and more so ELDERS.

Thank you aljazeera. He is here to be helped with ideas . But putting someone down isn't leadership. Reminds me of someone i used to have in primo . I tried once to go ask for help with math and he made me feel like crap and never helped. I made sure I will proved him wrong one day . We went to different high schools . Guess what,he came to me for help during school holidays with the same math.I got satisfaction that I always wanted to achieve from him and there was nothing satisfying like that .

Back to young man , buy plots through saccos like safaricom sacco or stima sacco or any other prudent . The good thing with land they will appreciate as you figure out what you want to do with money . When you will have a business idea you will dispose and by then God willing they would have appreciated in one way or another. Exercise caution buying land from individual .
Some stocks are discounted now.if you buy them now look up to 4 yrs from now because don't expect them to rise anytime soon.things don't look good in kenyan market and won't in a while

Read other threads here you will find something resourceful too. All the best

@Jon Jones Wazua is goldmine of information and if you take your time and search in the archives you will get a lot of information.I mean a lot of it from real estate to Forex to just almost any form of investment ideas and options.There are are also good people at Wazua who would be very helpful.Best saccos have been discussed here ,best unit trust funds have been discussed at Wazua,Pyramid schemes have been discussed ,best cars have been discussed ,best stocks have been discussed ,best banks have been discussed even best brothels and best rated hotel in mombasa have been discussed at Wazua and so many more .Just dig well.
some of the links here from Wazua would act to introduce you to previous discussions

1. Where Can I Invest 100k ?
2.Matatu Business
3. Wazua » Groups » Advice » The best sacco to join
Search Wazua and you wont come out empty handed.Thank me later.

@Jon Jones, @Aljazeera, @enyands cut to the chase. What are you selling?

There is no living 23 year old with financial circumstances/ problems that you described.

@rjaz, @aljazeera, @jon Jones, @enyands are multiple handles of one person.

@Sparkly How did you come to your conclusion ?Anyway am outta this thread!

@Sparkly you have finally said something good to the young man.

@Jon Jones, I was where you are 20yrs ago, earning 60k then. Here is my "old Mans" wisdom.

1. Before you get to 25, "settle down",i mean marry or get married, if you even plan to take that route. Don't hussle alone. Life is tough and one is too small a number for impact!
2. Look for a plot and build a home, where you can raise a family. This helps develop a long term view of life. The idea of renting and Kuhama hama , which i call a "pastoralists idea" is not good.
3. Build your career: Get all the requisite papers in your career line b4 you get to 30. After the papers, then solidify your career by identifying where you like to work and stick there. That way you become an authority early and the rest will be nyweeeeeee like in mteremko.
4. Avoid side hussles that are time and cash consuming. By the time i was 30, i had lost money in all money of biasharas- online catalogue ( never picked up), export of a unique product- used to make like 10times profit but conmen gallore and quit, Chicken farming--- imagine walking to wakulima market at 4.00am dressed in a suit to make a delivery and then move to woork before it. Side hussles were not worth it and lost cash.
5. Pack extra cash in cheap land where there potential of growth. Do the assessments yourself and don't relly on Saccos and land selling companies. They sell land at 2-5times what land in the same neighborhood goes for.
6. Avoid get rich schemes: Don't trust your barber shop guy to give you advice on gold.
7. Join several Saccos: They say it's illegal to be a member of more than one, but no one ever checks. Banks are a rip-off all the time, but Saccos can easily bail you out when you need cash.

Come back after 20 yrs and thank me.

Jon,

Join a good sacco,contribute as much as you can, actually, put a standing order if u can.

also,start buying plots in the range if 400-700 on the outskirts of Nairobi.

forget about the transport business for now and concentrate on real estate.

*Nairobi chiqs will milk u dry!! forget them!!