My name is Edwin. I am a working student and make monthly deposits of Sh10,000 to Sh20,000 into Stima Sacco. I currently have about Sh200,000 in shares. I want to diversify my investments, so I plan to take a Sh100,000 loan, self-guaranteed due to my freelance employment. The loan attracts 12 percent interest on a reducing balance.
I aim to invest the loan to generate passive income, targeting an 18 percent return. However, I’m uncertain which ventures to pursue due to my time commitments. I also have an emergency fund that covers only one month of expenses. What practices would you recommend to help me save aggressively and invest wisely?
