Young Egyptians are increasingly seeking new ways to boost their income, with 30 percent of those who invest in Egyptian stocks being between the age of 21 and 40. It is a popular misconception that ‘investment’ as a concept is exclusively for accomplished businessmen or corporations with large funds. Egyptian Streets spoke with Ahmed Hammouda and Seif Amr, Co-Founders of Thndr, a mobile platform aimed at making investing in the Egyptian stock market more accessible, on why and how young people should better manage their income by investing. For both Hammouda and Amr, investing can enable and accelerate financial independence, which is the ability to switch jobs without being severely affected by salary cuts and not depending on others for financial support. Here are their 10 tips on how to start budgeting and investing. Tip#1: Start As Early As You Can According to Hammouda, most people believe in the myth that investing is exclusively for accomplished businessmen or elders who can invest with large numbers. However, the earlier you start investing, the more beneficial it is for you and the more realistic your goals become. Whether you are planning to…
