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CAREERS & SCHOOL

BUYING ASSETS IN YOUR 2Os MINDFULLY

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Good day twenties. it is my hope that you are putting time & energy into building a better and stronger version of yourself. After all, you are the only person you are competing with. Thank you very much for reading my blog. Please do follow my blog, join my mailing list and & if you like this don’t hesitate to share it with your friends.

As requested by one of the blog readers, today we are going to be discussing on the whole issue of buying assets. This is something that we will be doing sooner or later.

Today we will know basic things to note as we enter into the whole buying assets thing.

C’mon

  1. There are good and bad assets.

Good assets are the assets that put money in your account. They are things like stocks, bonds, mutual funds, commodities, investment real estate, futures, options, hedge funds, and so on. All these assets have the ability to put money in your pocket. These are commonly called investments.

mayor-bloomberg-re-opens-the-new-york-stock-exchange-video-11846ba5b3

 

Bad assets take money out of your bank account. They are things like your car, house, clothes, TV, stereo, mobile phone, furniture, CDs, Xbox, boat, and so on. Bad assets take money out of your pocket in three main ways. They cost you money to buy, they usually cost you money to maintain and they have an opportunity cost, which represents the forgone opportunity and benefits that could’ve been earned or received from that opportunity.

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  1. Track your net worth

You probably (hopefully) track your budget every month, but your net worth doesn’t need quite as much attention. It’s still a good idea to keep an eye on it. Do you do it?

Your net worth is the best indicator of your overall financial health. Your financial statement is the tool you can use to track your net worth (assets and liabilities). This is different than your budget, which is used to track your income and expenses.

For example, before I can decide how I should allocate my income and expenses in my budget, I need to look at my net worth. I may have the same income and expenses as the person next to me, but the person next to me may have a completely different net worth than I do.

So, before I decide which budget to use, I need to look at where I stand financially as of today and where I want to go. My financial statement, showing my net worth, shows me this. Then, I can set goals and create a budget in line with those goals.

african-american-owned-banks

 

  1. Leverage your years. At this stage there is less baggage. So making use of this despite the little income is so much better. The sooner the better as you can afford more mistakes than later.           notforsite-tanzania-shilling-1

So utilize your twenties to the fullest we all know that is what we are here for right.

Virtual hug … Yei

  1. Be aggressive. Investing in stock markets is not something I have enough knowledge on. But I think it is much better to keep your money there. OK, so maybe you don’t burn through your earnings that quickly. But consider this: The only way most people have any hope of creating real wealth is by investing in the stock market. Sure, you could invent something awesome, start a billion-dollar company or win the lottery, but let’s face it: Your chances are slim.darbourse

Slow and steady is the next-best option to a sudden windfall or wild success. Investing regularly over time gives you control over your destiny — unlike hoping to wake up one day as the heir to a vast fortune. This is much better instead of stashing your money in a freezer. Keep in mind that you should do proper research on the stock market before you invest

 

  1. Save more. This is as better as it gets. The only way to invest is to save more and spend wisely.

2013-savewater-international-photography-competition

  1. Speak to those who have been there & done that. People who have been there can tell you more on where, what and when you should invest in what types of assets.

What are the other things that should bew noted before buying assets.Share with us on the comments down below.Do you have any questions , ask us in the comments below.

This is your Monday dose of inspiration. Keep up with the discussions on twitter using #20assets.

Write to you soon

Keep it smart and 20

 

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5 Comments

5 Comments

  1. eddaz

    October 17, 2016 at 12:09 pm

    Hi! I nominated you for a 3 days quote challenge. You are not under any obligation to participate, but I will be glad if you accept.Thank you.
    https://eddaz.com/2016/10/17/day-3-three-day-quote-challenge-3/

  2. Pingback: THE BEST OF TWENTIESCO 2016 | TWENTIESCO

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  4. Pingback: SHILLING LESSONS – TWENTIESCO

  5. forever_herie

    February 21, 2017 at 6:50 pm

    You are welcome, thank you for being a part of the Twentiesco family

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CAREERS & SCHOOL

HOLIDAY ACTIVITIES FOR ALL UNIVERSITY STUDENTS

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Holiday time ,

A time we have been looking forward to since school started! Blink and share this post if you can relate!

Fun holiday activities

I am a big pro-balance , i believe in late nights, early mornings and coffee but i also believe it is essential to lay back in the Bahamas and have someone bring you a Cool Mojito . So what do you do when you have a month or two of rest. Read On.
1.Rest
A bit Clichè right? But how many of us actually rest at least half of the time during the holiday?

While it is sometimes inevitable to reply that email, Attend that client, making time to take care of you, catch up on your favourite tv show or just sitting and breathing helps clear your brain and make you even more productive.

2. Learn a skill.

What a time to be Alive! Your next skill is literaly a few taps away. This skill can be a hobby you have been looking to get better at like sewing, singing, piano , cooking or something intergral in your career like history taking for new clinical rotation students or something you have wanted to do on the side( you have been talking about how you do not have time, and now Its here! ).

One of the founders of Afyatoon , an animation start-up that provides health education actually learnt how to animate during his summer holiday.

There are some things that are not taught in school and you are probably struggling with such as speaking in public , budgeting , dressing well, healthy living & more. Take time to train yourself on that.

3. Work on your side hustle
Balancing between studies and work is a challenge. Sometimes they are all demanding our time and energy. The holiday time therefore is a great time to focus on this thing , give it a mega push and this push will even save you the hustle when school starts.

 

4. Learn, explore and grow.
It is really eye-opening to learn a new thing or get to understand a certain topic . This can be a great time to do that. There is vast majority of knowledge and information on blogs, social media and in the actual world for you to learn .

Be curious, google , check out some you tube videos . But most of Enjoy your holiday .

 

What are you doing this holiday?

 

Twentiesco consultation doors are open! Book your consulation today and lets walk  this adulthood  journey together.

 

 

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ASK TWENTIES

HOW TO APPLY FOR OPPORTUNITIES AND ACTUALLY GET THEM

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If you are one amazing twenti who seeks out opportunities to learn or seek support for something you do , at some point you have to prove your worthiness of what you are applying or contesting for.

(more…)

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CAREERS & SCHOOL

4 Tips for successfull Business In Agriculture For Beginners..

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agribussiness sucess tips

I have always heard national leaders claim that Agriculture is the backbone of Tanzania. Infact I wrote a couple of essay discussing this same a few year back in secondary school.
However, I have seen more backs deformed, callous on their hands and accidents where you cultivated your leg instead of the land than I have seen these same people afford to treat any of these conditions.
I have also been hearing that farmers in the west are rich and unbothered.
But then do you think such farmers cultivate acres of land ,wait for rain (fingers crossed ) , uproot weeds, harvest and sell to the next buyer that can pay them something close to half their children’s school fees?
Agriculture is a pretty lucrative sector. And if you aim in these areas , you might make a fortune.

1.Quality
There is a big market we are not accessing in the western countries because of standard barriers. A large number of crops we produce are of a good enough quality. But what about the end products? Can they cross the Jk.Nyerere airport without causing a security shut down? Another issue that hinders these products is packaging. Poor packaging makes a product look cheap and not reliable.

2.Processing and Storage
Why do we pay these timewasters so much.
Because they process raw products. Turning sisal to .. and selling finished products has higher profit . . Plus how do you expect to make much of a profit when everyone is trying to sell the same thing before it rots. These products need to be stored well too so that their value stays and can be sold even after the season is over.

Also Read: PACKAGING IS A PART OF BRANDING.

FAST MONEY IDEAS AND NOT TOO FAST

3.WHAT WOULD YOU FIND IN DOHA THAT IS IN KHARTOUM. ?
What is trending?
If you want to have a large market, go for products that are widely used in different places and some trending crops. Think Chia seeds, strawberries , pepper etc.

You can also contact restaurants for tenders so you have a market right away.
Let me let you in on a little secret a farmer told me.You do not need acres to farm. A green house is a perfect way to produce extremely quality crops that could sell in Antarctica for a million dollars . There is also an option of renting a farm .
That’s it fellaz ,As this weather moves you to cultivate other people, may you consider trying out crops. This is because agribusiness is worth investing in although it has not succeed to be as attractive as network marketing.

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