9.4 C
Saturday, February 22, 2020

Five Friends Who Saved $50 a Week for Two Years Just Purchased Their First Investment Property

Najee Hannigan, a 26-year old entrepreneur from Philadelphia, encouraged his friends and cousins to put aside $50 a week so that they could all collectively invest in something big. Two years later, they have successfully accumulated enough money to purchase their first own real estate property.

“If you want to go fast, go alone. If you want to go far, go together.” This is the African proverb that Hannigan thought of when he talked to his two younger cousins, Meqai Herder and Ahmid Hill, who are both 23-years old, and his two long-time friends, Tyree Harvey and Darius Jacobs, who are both 26-years old, about a business proposal in hopes to change their lives as well.

In 2017, Hannigan thought that it was a great idea for each of them to save $50 a week or $200 a month and the money they put together could be used to purchase an investment property. “The most challenging part was getting them to understand that time is going to pass regardless, we can invest in [ourselves] or continue to let time pass us by,” Hannigan told Because of Them We Can.

READ ALSO:  10 Things You Should Know About Mike Adenuga, The Nigerian Who is worth $5.3 Billion

Together, the group saved enough money within two years and they have recently bought their first property which they plan to restore before renting it out. They have also established a property management company with hopes to acquire more properties in the future.

Hannigan, who is also a founder and co-owner of the childcare center Extraordinary Scholars Academy, was thankful that his friends trusted him fully despite their doubt at first. He believes trust is the foundation that made their plan into fruition.

READ ALSO:  You have Today!

“Find people you trust and never give up. Don’t argue about dumb stuff and always think of the bigger picture. Giving up something like cable or clothes for a year or two can put you in a position to have it [for] a lifetime.”

As for the five friends, they always think of what could happen if they would stop with what they have already started and used it as motivation.

READ ALSO:  You have Today!

“We knew that if we gave up at any point that we would end up like everyone else, stuck…”

Follow Najee Hannigan on Instagram or on Facebook

Source link

Related articles

Leave a Reply

READ ALSO:  He Started Out in College, and Now This 26-Year Old Black Entrepreneur Manages $25 Million in Real Estate Assets

Latest article

Twelve African EdTech Companies Named as First Fellows at Centre for Innovative Teaching and Learning in ICT

The Mastercard Foundation Centre for Innovative Teaching and Learning in Information, Communications, and Technology (ICT) has announced the first cohort of 12 EdTech Fellows,...

BBVA Foundation Frontiers of Knowledge Awards 2020 (400,000 euros prize)

Application Deadline: June 30th 2020 The BBVA Foundation Frontiers of Knowledge Awards recognize fundamental contributions in a broad array of areas of scientific knowledge, technology, humanities and...

Brooklyn Entrepreneur Launches Black-Owned Champagne Brand

Marvina Robinson, an entrepreneur from Brooklyn, has been passionate about bubbly and sparkling wines since her college days. Now, she has turned her passion...

Developmental Origins of Health and Disease (DOHaD) Summer School 2020 for Young African Scientists (Fully Funded)

Application Deadline::Friday, February 28, 2020 The Stellenbosch Institute for Advanced Study (STIAS), the African Academy of Sciences (AAS), the DST-NRF Centre of Excellence in Human Development...

King Baudouin African Development Prize 2020

The Prize endeavours to reward innovative initiatives of Africans with a longer term vision and impact proven track record in improving the quality of...

Popular Posts

He Wanted to be A Musician or Doctor but He is now Ghana’s Best Blogger, Meet Ameyaw Kissi Debrah!

The world is going digital and those who master the digital way of doing things are surely ahead. Mark Zuckerberg is one of the...
READ ALSO:  If Your Work Doesn't Inspire You, Nothing Will

He is championing the fight against Revenge Porn in Ghana. Meet the ‘Chief Blogger’, Barimah Amoaning Samuel.

Revenge porn is the revealing of sexually explicit images or videos of a person posted on the Internet, typically by a former sexual partner, without the consent of the subject and in order to cause them distress or embarrassment. It may refer to all sexually explicit videos and images of a person by former partner, old friend, hacker, blackmailer or whoever for whatever motive. One man has decided to stand in the gap and end the act and his name is Barimah Amoaning Samuel.

From A Broken Home to Being the Inspiration of Many in Nandom; Meet Jacob Kuutuome.

Jacob Kuutuome was born to Mr. and Mrs. Kuutuome Tang and Marciana respectively in Kumasi and spent all his early childhood development and education...

Meet Mojolaoluwa Olaifa, The Young Law Graduate Championing Peace in Nigeria.

Just like Mirabelle Morah and Feyisayo Adanlawo, Mojola is also a young Nigerian making waves in her small corner to make sure peace becomes a...

Meet the Award Winning Health Journalist Providing Free Hygiene Kits for Girls in Nigeria

When Yecenu saw school girls who couldn't afford sanitary towels, she decided to find a solution and that solution is the reason why Wundef.com considers her a game changer. Today we are looking at the motivation and works of a young game changer in Africa's most populous country, Nigeria. I believe her story will inspire you to do greater things for your community, country and Africa as a whole.