18/09/2019
My OB called me and asked me which kind of investment can he engage in, he has 4.5millions but he just wanted to go to Arab countries and work.
Yes it's everyone's dream to board a plane, bro you gonna use your 4.5 millions to process the travel documents and clear sanctions, they will pay you 1.2millions maximum pay monthly which is around 26 millions after 2 years. If u remove ur investment of 4.5 millions, you remove tax and others tariffs, you will remain with around 16 millions Okk!!. There is a possibility of being mistreated and you die from there or you come back before finishing your contract, you will have lost all your investment income.
Derrick would advise you to stay in Uganda and start investing in small businesses, I can invest in energy ( charcoal). It's a business which earns 100%• charcoal doesn't rot, just get 2m out of your 4.5m and invest it in charcoal business, you will get around 1.5m per month which will be around 36m after 2 years. Remove monthly rent and pay maybe one hired attendant, pay license and transport, you will remain with atleast 28m
Bro, take away the pride, it doesn't feed you. You have a family to feed not a public to impress,, you are persuing your future.
Uganda's economy gonna boast high in the next 10 years, these people who go out there to work knows how to save and value even a single coin when they come back in Uganda. It's because they suffer alot en so they fear not to break through when they are back home, it's the only importance so far I have seen in working abroad, mostly in Arab countries.
Financial issues today with Derrick