If you can't save #10,000, you can't invest #500.
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TL;DR
Learn why saving is crucial before investing, and discover how to grow your money effectively with the right savings app.
Chapters
- 0:00Introduction to Saving vs Investing01
- 0:10Risks of Investing Small Amounts02
- 0:30The Stress of Small Investments03
- 0:50Alternative: Saving for Returns04
- 1:10Using the Busha App05
- 1:30Conclusion and Advice06
Transcript
Leave the Dangote IPO alone if you don't have enough money to invest. The better solution for you is to save. Here's a train of thought. I know it sounds wrong because we all know that saving is not investing and saved money doesn't grow. But it does. And I'll come back to that in a bit. But before we get there, there are two things I need you to know about investing small money. Johnny Karibu Nduguzangu, may I teach you something?
First of all, when it comes to investing, you may lose all of it and then you're going to develop a headache in the stomach because you invested your last money. Never invest your last money. Secondly, because it's not a lot of money, it is most likely not going to give you all the returns that you want But it's going to give you a lot of stress And I'm sure many of you feel like you're missing out because of the Dangote IPO and all the memes and all the videos that you have seen
But 5,000 or 10,000 or even 100,000 Naira in the stock market It really is not going to give you the freedom you're looking for And I hear you asking, should I not invest? Of course not But invest your money by saving it in a system that gives you returns Let me show you So let's say I have about 200,000 Naira or about 19,000 Kenyan shillings and I top it up every month with about 30,000 Naira.
Because of this, Busher app gives me up to 20% per annum, which means that at the end of the year, I would have over 630,000 Naira, even though I started off with only 200,000 Naira. No business can give you those returns without taking your life, time and energy. So for all of you that keep asking me, I have small money, where should I invest it?
What should I do with it? This is your answer. Instead of guessing, use Busha app to put it to use. They're currently only available in Kenya and Nigeria, but other countries are coming soon. Check the link in my bio to download the app or you can check them out on Instagram here. And let me know how it goes.
I can advise you even more. See you on the next train.
And let me know how it goes. I can advise you even more. See you on the next train.
I can advise you even more. See you on the next train.
See you on the next train.
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