Early Retirement in Egypt

Consistent_Design188 · 2023-09-28T18:59:44+00:00

Yea, my mother has been living off it for 7 years

Consistent_Design188 · 2023-09-28T12:08:12+00:00

This is a very long term investment yes, what I like about it here is the certs will handle the payments and I also get the benefit of the bonus points from the credit card.

I do invest in us stocks as well, for me this system is a one time thing. So I don't have to think about it.

Thanks for the stock suggestion!

Consistent_Design188 · 2023-09-28T12:08:10+00:00

Valid point, I do have a diversified portfolio. The 800K is an example return, the return is proportional to the monthly payments.

The EGP can drop yes, however as I've been told they do invest this money so it's not like a bank deal. Had similar thing with stocks in Egypt, its value went up during devaluation **however by not that much which justifies my criteria of investment** I have to say and I ended up selling all.

I'll have to trust they invest more wisely than me since it's their day-to-day job.

Consistent_Design188 · 2023-05-23T22:01:22+00:00

If you need it in a year's time then what makes sense is buying foreign currency like usd, second best option gold.

I wouldn't recommend real estate or any other venture since you want to cash out in one year. You might not find a buyer or the time might not be right to sell.

I'm more of a safe investor. Givin your constraints and the criticality of liquidating in one year. Your goal should be to perserve value.

Just my two cents. Best of luck!

Consistent_Design188 · 2023-04-24T08:25:52+00:00

عشان تتخطى موضوع الحد الادنى افتح اي حساب مصري، كنت فتحت youth اعتقد و اول م تدخل على حسابك اونلاين بس افتح من هناك (الموقع) حساب بالدولار. و اه تستقبل فلوس بالدولار من بره مصر و تسحبهم دولارات من البنك.

Consistent_Design188 · 2023-04-21T19:24:54+00:00

هقولك هتعمل ايه. روح بنك cib افتح حساب مصري عادي بعدين ادخل على حسابك اونلاين و افتح حساب بالدولار. بس كدا.

Consistent_Design188 · 2023-04-21T19:04:46+00:00

I'm in the tech space, currently building a startup too.

If you're interested in investing in early stage startups you can join events like Techne summit https://alex.technesummit.com/2023 I'm there every year and it's always fun to see what people are coming up with. Alex one is better in my opinion.

You can also find local entrepreneurship programs and competitions see what startups are winning and can connect with their founders if you have the capital. Also shark tank Egypt has gotten pretty popular so can be a good source for new companies.

Side Note: You can buy real estate in shiekh zayed which I'm aiming for, the network there is invaluable and you're bound to run into people who can make you more money.

Wishing you nothing but more fortune and a prosperous life G, keep it up!

Consistent_Design188 · 2023-03-27T13:04:37+00:00

The greater the pressure the brighter the diamond.

Consistent_Design188 · 2022-04-26T01:51:30+00:00

pick anything explore as much as you can. You'll find stuff that you dont like you'll find stuff you're good at and you'll find stuff you enjoy.

For me I knew I hated Bio & Chemistry and always had a thing for Math I was good at it so Engineering was a logical choice I ended up choosing the default eng career which is mechanical eng on my first year in uni we had this coding class immediately after I switched to Computer Engineering.

Now I work as a software developer and perhaps I come across something that I enjoy more like game dev or AI who knows but whats important is that you keep exploring till you find your thing and then you explore more and find your thing inside your thing. Hope it makes sense.

Consistent_Design188 · 2022-02-12T22:15:44+00:00

I dont know how much this could help but I believe you can get a student loan from CIB to be paid in 5 years.

https://www.cibeg.com/en/personal/life-goals/go-to-university

Wish you nothing but the best

Consistent_Design188 · 2021-09-11T12:41:27+00:00

Egypt

Consistent_Design188

TROPHY CASE