Invest or start a business ?

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Hot takes

investing is for the rich and wealthy.
I think investing can make you money if you are
However investing is important for retirement

Investing

Investing is for the middle to higher class, not for poor
10% fo 1M is not the same as 10% of $100
What I am getting at is that 10% of $100 has little to impact in your life
However saving and investing for lower income earners is the safest and slowest way to get rich over time by relaying on this 8th wonder of the world: compound interest. It also requires 30-40 years of consistency.
TODO: insert chart of doubling penny everyday over time
Unless you have significant percentage of the shares, you have no seat on the stakeholders meeting meaning there is not much you can do to impact the outcome of your investment
Starting a business might be the solution for you
pros:
- more risk, more income
- better ROI than investing
- 100% of say in the way the operation is run

Start a business

Few important terms

ROI
when less than 30%, hire management (CEO, COO, etc) and get out
those are better

why

yields higher ROI. I usually target 2X by end of year

Je vise habituellement la meme chose voir meme 100% hein mais Je me suis rendu compte qu'en passif ça ne le faisait pas. Certains investissements que Je vois ressemble plus à des paris car on a aucune mains dessus. C'est pourquoi Je fais de petites opérations où Je peux avoir des actions qui pèsent sur la balance à la fin de la journée

ROI percentage return
Why invest
- money is the best employer
- Can work for you relentlessly
How
- I like 100% or 300%
- achievable running your own business
- try not to get yourself a new job with this business
- ideally needs to run without you
- minimum de control c'est important, surtout ici
- ma stratégie est de mesurer tout puis améliorer, prendre des décisions qui découlent de l'analyse des données

Businesses I tried

Tiak Tiak

I made a website hope-delivery.com
Bike 500k mine Scooter Honda 150 600k
insurance 10k every 3 month
fluid change 6k every 15 days
full tank of gas 5k
Safety cask 20k
Safety alarm 8k
Title and taxes 100k in 30days. Usually takes 70k in 15 days
CMC
Acte de vente légalisée
photo d'identité carte d'identité
End of year result:
- a bike
- input: 818k, output: 1.2M avec 4k daily ou 1.8M pour 5k daily
- profit: 1.2M - 808k = 392k

You can decide to rent it for 4k daily or hire an operator. In the latter option, you will need to

Find businesses that need delivery, which shouldn't be too hard to find.
Delivery in Dakar takes about 30-60 minutes to be completed. I know it because I ran hope-delivery.com since 2020.

Money chart

		Periodicity
revenue	10-30k FCFA	daily
gas	5-8k FCFA	daily

Gas is accounted for a scooter with 40km / L efficiency
Do your own research to know which model works best for you

Car rentals

Here a a breakdown | | Price | Frequency | | --- | --- | --- | | Car (ie Ford escape | 4M | one time | | Débarquement | 250k | one time | | Dédouanement | 1.5M | one time | | Visite technique | 10k | yearly | | Assurance | 5k | monthly | | Lavage | 6k | monthly | | GPS | 10k | monthly | | income | 600k | monthly |
I made a website bcdmotors.com