If you want to learn about badass money-making techniques, Billions is the TV Series you need to watch. Great script, great cast, great topic (money)! Just watch a few episodes, and you will never think about money the same way you did before!
If you have never heard of Revolut, you are missing out on something revolutionary, big time!
Especially in a country like Tanzania, where access to a credit card is so difficult, a prepaid MasterCard can solve you a huge problem if you want to pay online on website that only accept credit cards or debit cards.
Also, exchanging different currencies quickly, at an inter-bank rate, within the same account, in real-time(!), with a few taps on your phone, is something that very few payment providers offer yet.
So go ahead, give it a try!
If you want to read a truly eye-opening book: read Robert Kiyosaki’s book Rich Dad, Poor Dad – it will change your life. This book is called a “classic”, the “Number One Personal Finance book of all time”, etc. – and it’s true, it is the book you need to read.
“Rich Dad, Poor Dad” doesn’t only tell the story of Robert Kiyosaki and his two “dads” – his real father (the “poor dad”), and the father of his best friend, his “rich dad” – and the ways in which both men shaped his thoughts about money and investing, but it will explain you fundamental aspects of financial education you most probably never had the chance to get.
Before you think that this book is just about “how to get rich”… No, it’s a lot more than that!
Certainly, Rich Dad, Poor Dad explains you ways to earn a high income to be rich, and the difference between working for money and having your money work for you… but most importantly, it will make you understand what you haven’t understood about money, wealth, greed and generosity in the first place.
Banks are too expensive. They charge too much for their services. Western Union and similar services are too expensive, too.
The future of international money transfer lies with peer-to-peer money transfer services like TransferWise.
The illustration below explains you roughly how TransferWise works.
I’ve read a great story on the CoinBase Blog about an Egyptian freelancer who gets paid in BitCoin through CoinBase. If you are a freelancer living in Tanzania, getting paid from abroad, and you find transaction costs of banks and payment platforms too high, give BitCoin a try, you might end up saving a lot of money.
I came across an online budgeting tool the other day, called You Need A Budget (YNAB).
Here we are again with the topic of “don’t just save money but make more money“. Still, using a budgeting tool might boost your personal finances. YNAB offers a 34-day free trial, why don’t you give it a shot?
Which budgeting tool do you use?
According to the popular way to see it, “time is money” – well, as you can spend your time on different things, time can be measured in different ways.
If today was the last day of your life, what would you spend it on?
This post is a follow-up on our recent post, the “Cheapest online book store“, which got a bunch of comments within 24 hours.
Some of our readers asked us: “yeah, that’s nice advice about ordering books online to Tanzania. Where do we buy other stuff online – are there cheap online stores that ship clothing, shoes, electronics, etc. to Tanzania”?
Yes, apart from Amazon, the global giant with very expensive shipping rates to Africa, we don’t have to go far to get our goods shipped.
There are online shops in Tanzania, too. There’s only a few of them, and the range of products they offer still can’t be compared to Amazon’s huge inventory, but the possibility of online shopping in Tanzania very well exists.
Kivuko – Tanzania’s “Online Shopping Gateway”, with relatively good prices.
Shopping.co.tz – Clothing for men, women and kids, Shoes, Watches, Fragrances, electronics… all products are imported directly from the UK.
Shop Online – Tanzania’s First Online Shopping Mall, at the moment with few products.
Kaymu – a marketplace of thousands of online sellers, similar to the Amazon Marketplace.
If you live in Tanzania: Where do you shop online?
Many of our readers keep asking us about BitCoin: What is BitCoin, and what is all this BitCoin hype about? What’s BitCoin good for, anyway? Is this going to be another market bubble? Is it some clever pyramid scheme again?
Well, instead of reinventing the wheel and repeating wise people’s words, we should let CoinBase Co-Founder Fred Ehrsam explain what BitCoin is. If you want to buy or sell BitCoin, this short presentation is the best way to get started!
By the way, CoinBase is the biggest bitcoin wallet platform at the moment, issuing 1 out of 4 bitcoin wallets in the world.
They are very popular in the US, recently expanded to Europe, and they will also come to Africa sooner or later.
At the moment, CoinBase is not available in Tanzania yet. However, you can buy and sell BitCoin through eToro, an Israel-based online brokerage platform. eToro is available in Tanzania and accepts Tanzanian traders and investors.
i) Real-time Bitcoin price chart – CoinDesk.com is a great resource for news & updates on BitCoin.
ii) Investing in BitCoin – MoneyMorning.com has a section dedicated to Investing in BitCoin.
iii) BitCoin Talk – The most popular BitCoin Forum on the Web. It’s a really useful place to go if you want to learn more about BitCoin. You can ask any question and find hands-on tips browsing the threads.
Going Bongo is a funny movie that will make you think about Tanzanian reality.
This is the first international movie made in Tanzania. The plot is about an American doctor who is eager to impress his boss at his new position at the Beverly Hills medical centre in Los Angeles.
After attending a Gala arranged by his boss, Dr. Lewis Burger “mistakenly” volunteers to go work in Africa for a month in a hospital that is in pretty bad shape.
Have you watched “Going Bongo” already? How did you like it?