Sign Up

What is the capital of Egypt? ( Cairo )

Have an account? Sign In Now

Sign In

What is the capital of Egypt? ( Cairo )

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

You must login to ask question.

What is the capital of Egypt? ( Cairo )

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Open your app
Sign InSign Up

Crextio.com

Crextio.com Logo Crextio.com Logo

Crextio.com Navigation

  • Home
  • About Us
  • Blog
  • Contact Us
Search
Ask A Question

Mobile menu

Close
Ask a Question
  • Home
  • All Groups
  • Communities
  • Questions
    • New Questions
    • Trending Questions
    • Must read Questions
    • Hot Questions
  • Polls
  • Tags
  • Badges
  • Users
  • Help
  • Home
  • About Us
  • Blog
  • Contact Us
Home/ Questions/Q 29233
Next
In Process
Marleen Qualls
  • 0
Marleen QuallsNew You
Asked: August 27, 20212021-08-27T16:03:19+01:00 2021-08-27T16:03:19+01:00In: Finance

How to invest with very low income.

  • 0

How can people with very low income invest from the money they earn?

  • 2 2 Answers
  • 3 Views
  • 0 Followers
  • 0
Share
  • Facebook

    Related Questions

    • Are mortgages a big rip off?
    • Undervalued Stock
    • Emergency funds
    Leave an answer

    Leave an answer
    Cancel reply

    Browse
    Browse

    2 Answers

    • Voted
    • Oldest
    • Recent
    1. Brain Kessler Social Butterfly
      2021-08-30T14:55:06+01:00Added an answer on August 30, 2021 at 2:55 pm

      The best investment to make is in yourself. Start by saving your own money. The old and true golden rule is to save 10% of your gross income. This builds your “nest egg”. If you can’t save 10% there’s no need to think of investing. So that’s the start.
      While you’re saving that small nest egg research what investment opportunities are available, and what level of risk/return you are willing to accept. There are no magic investments that will make you rich overnight. Don’t waste time and/or money on quick rich scams. Once you have a small amount, go talk to your bank investment person. Any bank will give you a 30 minute appointment free. Go to several banks to get a good feel for what’s available. All this costs you is your time. A small investment with regular deposits in a GIC, fund or bond could provide a 3–10% annual return.

      • 0
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp
    2. Many Tovar Social Butterfly
      2021-08-30T18:27:47+01:00Added an answer on August 30, 2021 at 6:27 pm

      If you have a low income, it all depends on your spending power and motivation. If you have no savings, it’s best you focus on that first before you try to venture out into anything in particular. Make it a habit to write down your ideas. Any and everything you come up with can be useful in your quest. It does not have to be something new. Many things being done in the world is super inefficient and can be improved in many ways. From a lemonade stand, to a muffin catering shop, to a software company. You can innovate in many places. Also, education does not guarantee you’ll be smart, it simply gets you ready for the workforce, or prepare you for a subject matter. Make it a habit to research your topic of interest, go on youtube and search for audio books if you’re not a big reader.
      A new skill is always more valuable than what you currently have so that’s also an option.
      I would steer you away from initial investing until you can manage at least some money effectively, save, and have a little spending power, then test your best theory and see how best you could multiply it.

      • 0
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp

    Sidebar

    Stats

    • Questions 4k
    • Answers 7k
    • Posts 6
    • Comments 0
    • Best Answers 102
    • Users 5k
    • Groups 4
    • Group Posts 9

    Explore

    • Home
    • All Groups
    • Communities
    • Questions
      • New Questions
      • Trending Questions
      • Must read Questions
      • Hot Questions
    • Polls
    • Tags
    • Badges
    • Users
    • Help

    Footer

    Crextio.com

    Crextio Community

    We are here to Make Your Dreams a Reality. As we work together to make crextio a global community.

    About Us

    • Meet The Team
    • Blog
    • About Us
    • Contact Us

    Get Help

    • Knowledge Base
    • Support

    Social media

    © 2020 Crextio. All Rights Reserved