Its a pity that most Africans use much of their income to consume- for instance; if an African was given 10,000 USD , he/she would use the money to purchase the newest phone in the market or live in the house he/she has always dreamt of, or take a vacation, or buy an electronic. On the other hand, if a Briton was given the same amount, he/she would probably invest the money in the stock exchange, in mutual funds or in other financial instruments and consume the income from such investments. Believe you me: am not being a racist, am only stating facts of the things I have observed.
Let's join this new initiative to educate our fellow Africans on the importance of investing. Invite your friends to join The Real Estate Investor on http://judymbugua.blogspot.com.
Remember: It is not how much you earn that determines how rich you are, it is how you spend your money that will determine your worth.
Till next time,
think of possible worthwhile investments.
Director,
The Real Estate Investor,
Judy Mbugua.
+254729016906
mbugua.judy2@gmail.com ; judwm@yahoo.com
That's true.
ReplyDeletei don think that is the case this my dear it all depends on the mind set of a person
ReplyDeleteThanks Morgan for commenting. I am, however of a different opinion- I think we should first accept the naked and probably hurting truth,ie, Most Africans are just consumers who do not care about the future. That's the way our ancestors raised us. The thought of it hurts me too.
ReplyDeletehi,
ReplyDeleteHey white person, i don't agree with you totally, your post amounts to profiling. African have come a long way and we r doing better n the US & UK sub-prime mortgage problem was caused by them whites taking more than they could afford. PLz don't throw it at Africans be more considerate.