1000 K qatari riyal, I will use 100 K for charitable cause right away.... couple of options, build mousqe in poor area, not necessary in Qatar but may be in my home country Pakistan and/or get some poor girls married, and/or try to build a small scale non-profit industry give the job to poor and distriubte the profits to poor.
with 900 K, possible in Qatar or Dubai, I would open a heavy equipment company....
250 K boom loader, the machine which lift stuff, it's like a crane - monthly rent 17 K minus 7 K expense 10 K profit per month
250 K a crane - monthly rent 17 K 7 k expense 10 k profit per month
50 K license etc
100 K two bob cats monthly rent 12 K minus expense 5.5 K profit = 6.5 K
keep 70 K in company cash flow account
invest balance in stock exchange
this will start giving me monthly profit 0f around 30 K riyal atleast
after 8 months, I should have 30 * 8 - 270 K. plus 180 K my stock money so I will move into purchasing of equipment from europe and import into tihs part o the world, which would basically mean a heave equipment cost me around 200 K to import, may have to ekep with me for month or so and could sell it for around 240 to 250 K profit of around 40 K per month.....
if I surivie and be profitable first year, rest is history... and yes i will keep the rule to continue to use 10% of my profit towards charitable causes.
Let's see what I will do....
1000 K qatari riyal, I will use 100 K for charitable cause right away.... couple of options, build mousqe in poor area, not necessary in Qatar but may be in my home country Pakistan and/or get some poor girls married, and/or try to build a small scale non-profit industry give the job to poor and distriubte the profits to poor.
with 900 K, possible in Qatar or Dubai, I would open a heavy equipment company....
250 K boom loader, the machine which lift stuff, it's like a crane - monthly rent 17 K minus 7 K expense 10 K profit per month
250 K a crane - monthly rent 17 K 7 k expense 10 k profit per month
50 K license etc
100 K two bob cats monthly rent 12 K minus expense 5.5 K profit = 6.5 K
keep 70 K in company cash flow account
invest balance in stock exchange
this will start giving me monthly profit 0f around 30 K riyal atleast
after 8 months, I should have 30 * 8 - 270 K. plus 180 K my stock money so I will move into purchasing of equipment from europe and import into tihs part o the world, which would basically mean a heave equipment cost me around 200 K to import, may have to ekep with me for month or so and could sell it for around 240 to 250 K profit of around 40 K per month.....
if I surivie and be profitable first year, rest is history... and yes i will keep the rule to continue to use 10% of my profit towards charitable causes.
Regards, Irf.