You can do this if income is unpredictable 1. Save first: Build a 3-6 month emergency fund in a safe account. Only touch it for real emergencies. 2. Pay yourself a "salary": When money comes in, set aside a fixed % to save/invest before spending. 3. Invest small + consistently:Use low-risk options lRead more
You can do this if income is unpredictable
1. Save first: Build a 3-6 month emergency fund in a safe account. Only touch it for real emergencies.
2. Pay yourself a “salary”: When money comes in, set aside a fixed % to save/invest before spending.
3. Invest small + consistently:Use low-risk options like Treasury Bills, money market funds. Automate it on good months.
4. Avoid debt: Don’t borrow based on “future” income.
5. Diversify income: Add 1-2 side income streams so you’re not relying on just one.
Here’s what I think you should do: Protect cash first, then grow it slowly.
In Dividends, you earn money while you hold the shares. The company pays you a share of its profit, usually cash. Like rent from a house. In Capital Gains, you earn money when you sell the shares. You buy low, sell high. Profit = Selling price - Buying price. Like selling a house for more than you bRead more
In Dividends, you earn money while you hold the shares. The company pays you a share of its profit, usually cash. Like rent from a house.
In Capital Gains, you earn money when you sell the shares. You buy low, sell high. Profit = Selling price – Buying price. Like selling a house for more than you bought it.
The major difference is that:
Dividends means income over time
Capital Gains means profit from price increase
If government brings back fuel subsidy, imported fuel becomes cheaper than Dangote’s locally refined fuel. People and marketers will buy the subsidized imports instead. This will result in lower demand for Dangote’s fuel which will lead to lower sales and lower profits which will make the refinery rRead more
If government brings back fuel subsidy, imported fuel becomes cheaper than Dangote’s locally refined fuel. People and marketers will buy the subsidized imports instead.
This will result in lower demand for Dangote’s fuel which will lead to lower sales and lower profits which will make the refinery run below capacity.
Subsidy basically makes it harder for local refineries to compete unless government also subsidies them.
What should I do to save, invest and build wealth when my income is unpredictable?
You can do this if income is unpredictable 1. Save first: Build a 3-6 month emergency fund in a safe account. Only touch it for real emergencies. 2. Pay yourself a "salary": When money comes in, set aside a fixed % to save/invest before spending. 3. Invest small + consistently:Use low-risk options lRead more
You can do this if income is unpredictable
1. Save first: Build a 3-6 month emergency fund in a safe account. Only touch it for real emergencies.
2. Pay yourself a “salary”: When money comes in, set aside a fixed % to save/invest before spending.
3. Invest small + consistently:Use low-risk options like Treasury Bills, money market funds. Automate it on good months.
4. Avoid debt: Don’t borrow based on “future” income.
5. Diversify income: Add 1-2 side income streams so you’re not relying on just one.
Here’s what I think you should do: Protect cash first, then grow it slowly.
See lessDividends vs Capital Gains: How Do Investors Make Money?
In Dividends, you earn money while you hold the shares. The company pays you a share of its profit, usually cash. Like rent from a house. In Capital Gains, you earn money when you sell the shares. You buy low, sell high. Profit = Selling price - Buying price. Like selling a house for more than you bRead more
In Dividends, you earn money while you hold the shares. The company pays you a share of its profit, usually cash. Like rent from a house.
In Capital Gains, you earn money when you sell the shares. You buy low, sell high. Profit = Selling price – Buying price. Like selling a house for more than you bought it.
The major difference is that:
See lessDividends means income over time
Capital Gains means profit from price increase
What if any government succeed in bringing back fuel subsidy would it likely affect the performance of dangote refinery?
If government brings back fuel subsidy, imported fuel becomes cheaper than Dangote’s locally refined fuel. People and marketers will buy the subsidized imports instead. This will result in lower demand for Dangote’s fuel which will lead to lower sales and lower profits which will make the refinery rRead more
If government brings back fuel subsidy, imported fuel becomes cheaper than Dangote’s locally refined fuel. People and marketers will buy the subsidized imports instead.
This will result in lower demand for Dangote’s fuel which will lead to lower sales and lower profits which will make the refinery run below capacity.
Subsidy basically makes it harder for local refineries to compete unless government also subsidies them.
See less