Investing for interest.

Thabang and Zenani
Feb 3, 2018
3 min read

Disclaimer: Please be advised, that the information in this blog post is very dangerous to ignorant people and highly risky for the risk takers. Also very beneficial to the patient one.

First and for most we’d like to acknowledge that this is a first of its kind blog post on Black Atmosphere. A collaborative post. The ideas come from both our experience and we’d like to share with you and will appreciate to hear your thoughts on the comments.

Here’s what we will be highlighting on this post that we think is important as we both are on a learning curve with this.

1. Why Black people don’t become wealthy. 2. What we both invested (money/effort) in that we’ve seen yield interest recently. 3. Long term vs. Short term. 4. Income streams you can start with online.

If you are like us, when you hear interest you either think about something or someone you are curious about, or money that you pay on a credit card or loan that you have with your bank. Here’s an interesting question, why Black people don’t become wealthy? Here are the top reasons we have for you from Valerie Love (video below):

- We don’t understand money, that’s why we spend more than we are getting and end up with more days broke than with money in a month. - Patience - we want everything fast, we want to get paid today. - Trading time for money, our money is barely working for us because we are the ones working for it. - We think wealth is money - Traps - the things we think should make us rich are actually making us poorer.- Poverty consciousness, we all know that most of us spend time complaining about what we don’t have, and when we have money we spend all of it getting something that will get us broke again with no interest. All of this is because we impose and are not dealing with the poverty consciousness we’ve all been raised with.

So let us tell you about what we both invested to try to change that for ourselves.

Zenani: Invested 40K in African Alliance, and depending on how well our economy is doing (which can be risky at times). December statement reflected balance R1,6K and 3 Jan 2018 statement was R922 (reinvested both these amounts) and last week she withdrew R1,1K.

Invested 1K at Stanlib, she pays monthly deposits of 200, and every deposit bears 8.5% interest. This is a long term investment, up to 10 years. That’s 17 with every deposit. In 10 years that will be 2040 extra money plus her original investment will still be reserved. So that’s 24 000 + 2040.

Thabang: Created an online business, and a website for it selling and publishing digital content like books and music, integrated the site with Google Adsense, and Apple and Amazon affiliate. In 2 months the site made more than R200 with Google Adsense, and the traffic is 1300 visits so far. 13 copies of the book sold making R1754 so far.

We are not saying this to brag or be arrogant, just to send a point across that you have to invest in something that will yield interest for you, whether that interest in someone or something and whether your investment is time or money. Check out this couple of posts, the times are changing:

Now let’s discuss short term investment vs long term. It’s simple really, as you’ve probably heard the saying, “easy come, easy go,” that’s the case with short term investment, it doesn’t have a lot of time to grow to an interest worth appreciating for its accumulation.

Long term investment, whether effort or money will yield you great returns, but there’s always risk of losing, so make sure it is a managed risk investment that you understand.

So on the topic of income streams that you can startup with online, here’s what we got for you; - Books — Royalties rule, each one teach one. You write it one time, and it pays you over and over again. - YouTube / Google Adsense - Network Marketing - Teach Online Courses - Gumroad, Udemy. - Patreon - Have your tribe/community pay you for your work. - Digital currency - whether you want to trade or invest in them.