<prompt> Human: Ok. So, I live in a 3rd world country. My apologies its a too damn long post.I earn 350 a month. I live with my parents. I dont pay any bills and I dont pay for food as long as I live with them. The only necessary expenses I have are work related, like lunch and my commute. I pay around 32.5 per month on food, 35 on my commute and 20 on my phone.I have around 2,250 of savings. I invest them in a guy who gives me 5 interest rate every month. I dont withdraw of that money and the principal compounds. I also drop of whatever I save every month into the guy.I know I could have probably reached 3,000 had I been a bit more frugal but Im young and I kind of felt the need to at least taste a step up lifestyle from the 3rd world college kid lifestyle before that. Mostly Ive bought core pieces from rmalefashionadvice frugally, mostly uniqlos and some 2nd hand sneakers. I also go to starbucks occasionally. I dont eat out on food greater than 4 a pop though yeah I can spend good money on coffee but I dont like to spend it on food lol.On stepping up lifestyle thing, I also bought myself a macbook, an ipad and a nikon camera with lenses and accessories, but that was way before I started saving though, I just thought I should mention it so youll get what I meant about wanting to step up the lifestyle. Thats two years of me buying til the last drop of cash I have. But, Im confident Im over that binge so yeah, theres that.I also dont have a girlfriend and I dont plan to have one at the time being. Partly because Im a bit of a Ted Mosby and mostly because I dont find it practical, especially because I live in a country where youre expected to be serious about relationships, at least compared to what youre probably used to in the west. That and the expectation of you treating them...So here comes the question. Should I move out of my parents house?A bachelor pad I dont know if you guys are familiar with the term? can cost around 100-130 a month. Its good for one person, has a kitchen and bathroom. Sometimes utility inclusive, sometimes not. I dont know how to cook, so Ill probably have to buy outside for probably 0.90 per meal, so including work lunch thats probably around 85 a month. I dont plan on getting wifi, because I have wifi at work. TV, I havent watched TV in ages, I usually download episode to my laptop. Utilities... I honestly dont know how much utilities can cost me as Ive never paid one ever but Im guessing its in the 20-25 range for just me. Ive mentioned that I no longer buy things to step up my lifestyle and Im really determined to save every extra cash I have, so Im confident thats pretty much all of my would be expenses. So... Rent 130Food 85Work Commute 35Phone 20Utilities 20Work Income 350 That leaves me 60 more or less to drop to my guy. The estimates are all in the higher extremes, so I guess I can probably get as much as 90 of extra cash every month.Another question: I know my guy and his 5 is risky. Im planning to withdraw my money and put it in an index fund. I plan to raise my savings to 5,000 before withdrawing? Thoughts? Ill post details about my guy later if you want...edit 2: There is confusion with my guy being a loan shark.The confusion probably comes from my usage of the term LENDER to describe my guy. It is a term in common usage in the Philippines, which Ive now realized does not exist in American English. In fact, I think that the practice to which I am describing actually does not exist in the West.Philippine English lesson. A LENDER is someone who operates a legitimate Lending Business. He usually goes from house to house to meet his clients to grant loans and to claim the interest.He is not a loan shark as far a Philippine English is concerned. Loan sharks are bad people connected with crime syndicates.edit: So this guy, to clarify is a lender in my hometown. Hes been a lender for years. Way before Ive invested in him, hes been a lender. Everyone I know has at least gotten a loan from him once. Hes a lender first and investment guy second. Apparently hes very good at what he does. He now actually operates beyond my hometown. His lending business has grown too big for him to finance it himself and thats why hes been asking for investors. Im not quite sure of the exact circumstance but I would guess that he probably once got short of money and he probably asked someone to finance it 50-50 on the 10 and boom, he probably caught the idea. The guy drives a shitty car, frugal as fuck and works really really hard. Assistant: I dont know how to cook, so Ill probably have to buy outside for probably 0.90 per mealLearn to cook. I have around 2,250 of savings. I invest them in a guy who gives me 5 interest rate every month. I dont withdraw of that money and the principal compounds. I also drop of whatever I save every month into the guy.What on earth does this mean? Is this guy an investment broker of some kind? Are you in some pyramid scheme? Is this some kind of drug dealers paradise scam?Human: edit 2: There is confusion with my guy being a loan shark.The confusion probably comes from my usage of the term LENDER to describe my guy. It is a term in common usage in the Philippines, which Ive now realized does not exist in American English. In fact, I think that the practice to which I am describing actually does not exist in the West.Philippine English lesson. A LENDER is someone who operates a legitimate Lending Business. He usually goes from house to house to meet his clients to grant loans and to claim the interest.He is not a loan shark as far a Philippine English is concerned. Loan sharks are bad people connected with crime syndicates.edit: So this guy, to clarify is a lender in my hometown. Hes been a lender for years. Way before Ive invested in him, hes been a lender. Everyone I know has at least gotten a loan from him once. Hes a lender first and investment guy second. Apparently hes very good at what he does. He now actually operates beyond my hometown. His lending business has grown too big for him to finance it himself and thats why hes been asking for investors. Im not quite sure of the exact circumstance but I would guess that he probably once got short of money and he probably asked someone to finance it 50-50 on the 10 and boom, he probably caught the idea. The guy drives a shitty car, frugal as fuck and works really really hard. Hes a lender. He uses the money to lend people money for 10. Hes gotten pretty good at it that hes been in branching out so to speak. Hes gotten good reviews from people I know who were really careful with money so I contacted him and I invested in him. Basically the crowd who invests in this guy are for the most part people who are careful with money so I took a risk with him. Hes very professional and honestly explains what he does including the risks, like you know everyone fucking withdraws at the same time. Hes not very salesmanny or pyramiddy in his approach to getting you to invest. Anyway, I know hes risky but hes been good so far.Ive guessed that its hard for westerners to understand that a guy like this can make money and thrive. Most people cant get bank loans so they they turn to alternatives. Pawnshops, lenders -- essentially microlenders its the term youll probably give them can thrive here.There are Indian immigrants in my country. We usually call them 56. Why do we call them 5-6? Because majority of them are lenders and they charge 20 interest. If you ask for 5, you give them 6... 20 percent, hence the term 5-6.Anyway, I really didnt have a way to describe my guy so I just called him my guy lol. If I tried to explain him in my OP, the OP would have been even longer.  <response>: Here is what is confusing people around here. Your guy is paying you nearly 100 interest a year to borrow your money. Most people around here, dont understand what high interest rates mean in other countries. My father in law is proud let me know the bank he works at charges a nominal 77 yearly fee for credit cards, while most are in the 400 range.The reality is, in many countries incredibly high interest rates are the norm. Your lender isnt doing anything risky, hes lending probably at a great rate to these people, when compared with what they might get at a bank. 