What is your current saving

[Bohol]

I plan to hit the 100k mark before 30 inshallah.

Saving: $60,000 shares in Telecommunication and export company = 30% or 20% return
depending on how it performs in the market yearly.

 

[Freebandz]

30$
the only thing I got going for me is I don't have qashing kids to suck me dry

 

[Bohol]

30$
the only thing I got going for me is I don't have qashing kids to suck me dry

That is a blessing niyohow. No kids and wife = no financial worries alx. Enjoy life as it is.

 

[Game]

About $43k sitting in Roth IRA and 401k, about $19k in savings.

 

[Bohol]

About $43k sitting in Roth IRA and 401k, about $19k in savings.

What is IRA is that the USA equivalent of ISA(here in UK) ? I am guessing they use
interest rates on your money sitting in bank right. Here their ISA is so low like 3% -4%
, it is not worth getting riba over it.

 

[Game]

My family also owns a premium half built house in Hamar Weyne which is estimated at $50k. I'll get that as a dhaxal (inheritance cml), but i wanna keep it.

 

[Bohol]

My family also owns a premium half built house in Hamar Weyne which is estimated at $50k. I'll get that as a dhaxal (inheritance cml), but i wanna keep it.

Are you the only child of your parents. Only way you will inherit all of it is if you're 1 child, otherwise it will be shared with
your siblings.

 

[Game]

Roth IRA is mostly for retirement, u put money into it. Its more like saving without touching it.

No, i am the only son from my dads side. But do have younger half brothers on my moms side.

Btw, i meant Hamar Ja jab, not H/weyne.

Its half built has, but located at a really nice place.

 

[Mercury]

I have around 52k in my saving acc i'm saving to build my own house in Hargeisa Inshallah IT will be soon

 

[Bohol]

I have around 52k in my saving acc i'm saving to build my own house in
Hargeisa Inshallah IT will be soon

Will you move there permanently or just holidays? If it just holidays it is not worth it since you will be away from that
house most of the time, plus rent in Hargeisa is cheap $250 for a whole villa monthly. It is better to invest that kind
of money in good return shares.

 

[Mercury]

Will you move there permanently or just holidays? If it just holidays it is not worth it since you will be away from that
house most of the time, plus rent in Hargeisa is cheap $250 for a whole villa monthly. It is better to invest that kind
of money in good return shares.

Well Ive been thinking IT coud be my vacation house and when i'm gonna ill have some relatives that I trust take care of it and rent out some of the rooms but I will definetly move back and live there just need to find out what I should Invest in back home

 

[Bohol]

Well Ive been thinking IT coud be my vacation house and when i'm gonna ill have some relatives that I trust take care of it and rent out some of the rooms but I will definetly move back and live there just need to find out what I should Invest in back home

Some good points. How much do you expect to rent it? Will be you content with getting extra $250 a month.

 

[Mercury]

Some good points. How much do you expect to rent it? Will be you content with getting extra $250 a month.

I havent given it a thought since I still havent built it yet but maybe 150-200 per room maybe more depending on how big the house is and IF I got furniture thats costy

 

[Bohol]

I havent given it a thought since I still havent built it yet but maybe 150-200 per room maybe more depending on how big the house is and IF I got furniture thats costy

I have never heard of 150-200 per room in Hargeisa, you can rent a whole villa for 250. In Mogadishu though yes you can
rent it for 200 per room, since there is huge demand.

 

[Southerner]

02.58

 

[Mercury]

I have never heard of 150-200 per room in Hargeisa, you can rent a whole villa for 250. In Mogadishu though yes you can
rent it for 200 per room, since there is huge demand.

Well id like to build a big mansion IF possible two stairs i'm sure I could find someone whose willing to pay for a single room

 

[Inactive]

You can rent a villa near Star Hotel for $300. Hargeisa is quite cheap

 

[Al Dhoobe]

If your trying to make money off renting back home the only way to do that is renting to NGO'S. They'll pay anywhere between 2 to 5 grand a month depending on location and how well you bargain. Of course this usually happens if you have connections with ministers etc..

 

[Mercury]

If your trying to make money off renting back home the only way to do that is renting to NGO'S. They'll pay anywhere between 2 to 5 grand a month depending on location and how well you bargain. Of course this usually happens if you have connections with ministers etc..

How much money do they make im curious

 

[Inactive]

If your trying to make money off renting back home the only way to do that is renting to NGO'S. They'll pay anywhere between 2 to 5 grand a month depending on location and how well you bargain. Of course this usually happens if you have connections with ministers etc..

My friend (over 50) rents his house to the UN for $2500 US a month in Baydhabo. They even renovated his house for him for agreeing to sign a X year contract with him.

The UN spend like drunken sailors