07/10/2016
The five things The Rich does;
1. They Understand The Power Of Many (Numbers.)
The richer u are, the further u go away from ua
business (u disassociate self from the business),
but the poorer u are, the more u want 2 identify with
ua business.
Successful business people do not hv “my
business”, instead they hv “our business idea".
That’s why when u go 2 a place like Silverprings
hotel, chances are some employees there do not
know who owns the place & hv never seen him/her.
But when u go 2 a poor person’s business, that
person is always there, worse even acting as the
cashier, accountant, attendant, etc. The trick of
business success is in numbers not in self. As long
as u hv a personal business called “mine” then be
sure u are headed 2
poverty. People die but companies don’t die.
2. They Are Serious Borrowers.
Borrowing money is their cup of tea & signature. If
u hv never borrowed money, u will never lend
money; & cant lend it if u don’t hv it. A bank is a
broker between the poor & the rich. The only place
where the 2 meet is in a bank. The poor brings the
money & the rich takes it. A poor person saves the
money bcos they hv more money than their thinking
capacity. So they keep the money there so they can
go & think what to do with it… Rich people come 2
pick that money bcos they hv many ideas than the
money they hv. So they come to pick that money 2
go & implement those great ideas. Only poor
people operate savings & fixed deposit accounts.
Fixed deposit accounts r for the living dead. People
who undertake & commit that they will not think
about any idea 4 that money until the expiry of that
period of time, otherwise they will be penalized.
Rich people operate current accounts. Therefore, a
bank exists purposely for 2 reasons:
A) For the poor to bring in the money
B) For the rich to come & take it away.
Banks make more money from borrowers than
savers. Hence they respect the former more.
3. They hv High Level NETWORKS!
These people as explained in the 1st point believe
in the power of many. As a result, they hv many
likeminded friends who can be of benefit to them.
They hv friends all over. Rich people hv no age,
tribal, geographical or gender boundaries. It doesn’t
matter who or what u are as long as u are of value
2 their ventures. Building such networks need alot
of travelling & interacting with people. People never
get rich in their hometown. Somebody who dreams
of being rich, regardless of their age or status, must
have; a Driving license (cos they will own a car –
its criminal to be seeing cars everyday but never
own one.), a Passport (cos u must travel widely 2
expand ua networks & 2 sharpen your mindset – If
u hv bn buying a suit in Kenya for Ksh. 30, 000) &
find it in China at Ksh. 800, your language & ideas
change). U must know how 2 swim bcos u are
going 2 hv fun & relax.
4. They Are Great Risk Takers!
As long as u avoid taking risks, u are headed 2 the
grave poor. Taking risks is like walking in the dark.
U know where u are going but can’t see it. Better
still, u are more confident & secure when u are
accompanied than when alone. The more people u
are, the more secure, hence the 1st point. Risk
taking is about numbers.
5. They Have Read The BIBLE!
They understand & make use of the parable of the
sower. The seed is the shilling. They put the
shilling on fertile land. They simply know where 2
put their money & where not 2 put.
They understand the current business trends &
make business decisions with this in mind. If u
bought a plot 5 years ago at Ksh. 500,000, u are
worth nothing 5 years later except that plot even if it
will be worth 2M. A rich person will invest that
same money somewhere where it will be worth 2B
within the same period of time. That’s why u find a
2-bedroom hse varying from Ksh. 2,000 to Sh.
80,000 or even more from one place to another. Or
a cup of tea ranging from 5 bob to Ksh. 1,000. Yet
when u ask all these business people, u will
discover that each one of them decided the price.
Why the variance? They know the value chain. In
business the “Higher u go, the cooler it
becomes….. & the lesser the pressure". A landlord
collecting 2,000 for a 2-bedroom house has more
problems than his colleague collecting 80,000 for
the same house elsewhere. While one has to
literally come collecting payments at 4am every 1st
day of the month (lest the tenant escapes), the
other’s money is safely banked in his account even
before the month ends. While one can even bargain
with the tenant about the rent, the other is fixed, & u
either take or leave it. While one, regardless of the
cheap rent has few tenants, the other has a problem
of 2 many tenants coming 2 luk 4 housing. Same
with the tea business. The one for 5 bob, the cup is
bigger than the 1,000. Yet the 5 bob one can even
“choma” u if u are not careful & u can even pay
later if u don’t hv cash unlike the 1,000 one.
Chances are the 5 bob businessman doesn’t even
hv a bank acct or goes 2 save, & he does
everything in his business.
U shud know where 2 put your money. Create value
4 your cash, don’t battle with market prices. They
are not your limit. It's better 2 b the last among the
rich than 2 b the 1st among the poor.
A Poor (POOR) Person Is One Who Passes Over
Opportunities Repeatedly.