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25/04/2021

It takes courage to get back up. It takes courage to live your dreams. Small steps daily lead to giant leaps over time. Take that first step now. Live a purpose driven life. Have a written purpose!

08/12/2019

IN THE RULES OF THE JUNGLE ECONOMY.......

There's no permanent lions and there no permanent antelopes. The roles keep changing. The one who uses their heart becomes the antelope and the one who uses their brain becomes the lion.
In the jungle, its all about a properly working brain not heart. Once a lion today "Feels" mercy for antelopes, it gets eaten...
In every deal, there is a greater fool (antelope) and each time you are not sure who and how exactly you're going to eat someone just know you're the antelope being eaten.
Rule number one: YOU'RE EITHER EATING SOMEONE OR SOMEONE IS EATING YOU.... No middle ground..

Credit: Mugumya Jr

There are 4 main paths to becoming a millionaire by Tom Corley=====================================Unless you were born ...
28/11/2019

There are 4 main paths to becoming a millionaire by Tom Corley
=====================================

Unless you were born into a rich family, building wealth can be very hard — depending on the path you choose.

Many people look at multi-millionaires and desperately want to know: What's their secret? How did they get there? What does it take?

Those are the things I wanted to know back in 2004, when I began my "Rich Habits" study, in which I spent five years interviewing and researching the daily activities, habits and traits of 233 wealthy individuals. All of them had at least $160,000 in annual gross income and $3.2 million in net assets.

During my research, I found there are four predominant paths toward accumulating wealth. The "Savers-Investors" path is the easiest, while the other three involve much more risk.

1. The Saver-Investors path

Just less than 22% of the millionaires in my study chose to take the Saver-Investors path. Not only is it the easiest way to build wealth, but if you start early, it almost always guarantees a lot of money.

The Saver-Investors in my group reached their first $1 million around their mid-to-late 30s, and accumulated an average net worth of $3.3 million by their mid-50s.

They also had four things in common:

They typically had a middle-class income (many reached a six-figure salary early in their career, and if they didn't, they lived very frugally.)

They had a low cost of living and preferred to save, rather than spend lavishly.

They saved 20% or more of their income.

They started investing their savings early in life and continued to do so prudently for many years.

No matter what their day job was, this group made saving and investing part of their routine; they were constantly thinking about smart ways to grow their wealth.

The Savers-Investors path isn't for everyone. It requires enormous financial discipline and long-term commitment.

2. The Dreamers path

This is perhaps the hardest path to building wealth because it requires the pursuit of a dream, such as starting a business, becoming a successful actor, musician or author.

Approximately 28% of the folks in my study were Dreamers, and they accumulated an average net worth of $7.4 million — far more than any of the other groups — over a period of about 12 years.

All of them told me that pursuing their dreams was one of the most rewarding things they had done in their lives. They loved what they did for a living, and their passion showed up in their bank accounts.

Those who want to take this path, however, must be willing to work long hours and able to handle financial stress. The Dreamers in my study worked more than 61 hours per week before finally achieving their dreams. Weekends and vacations were almost non-existent.

Trying to make ends meet was not easy. At first, getting a steady paycheck was "nearly impossible," one Dreamer said. It was even harder for those who had families to support. To finance their dreams, some decided to put off buying a home, while others dipped into their retirement savings.

If you're risk-averse, this path may not be for you.

3. The Company Climbers path

Climbers are individuals who work for a big company and devote all of their energy into climbing the corporate ladder until they land a senior executive position.

This is the second-hardest path to becoming a millionaire, and about 31% of the rich people I studied fell into this group. It took them an average of 22 years to accumulate a net worth of $3.4 million or more. In most cases, their wealth came from either stock compensation or a partnership share of profits.

To be a Climber, you must have strong relationship-building skills. Networking and making lasting connections with powerful people in your industry is essential.

Like Dreamers, however, Climbers also have long work hours. The ones I interviewed all arrived at the office early and left late. Many were required to travel frequently and even had to sacrifice a lot of their vacation time.

Profitability is a huge factor in determining a Climber's success. If their company struggles financially, their time and investment there might not be rewarded to the extent they had expected.

4. The Virtuosos path

Roughly 19% of the participants in my study chose this path. Virtuosos are among the best at what they do in their profession. They are paid a high premium for their knowledge and expertise, which sets them apart from the competition.

It took the Virtuosos in my study about 20 years to reach an average net worth of $4 million. Some worked in the medical field, while others worked in law. A handful either worked for large, publicly-held corporations, or they were small business owners with highly profitable enterprises.

Of course, Virtuosos aren't necessarily born with natural intelligence. They must spend many years continuously studying and learning. Formal education, such as advanced degrees, is usually a requirement.

This means investing an enormous amount of money and time before seeing any payoff at all. Not everyone has the ability to devote significant hours every day practicing their skill or the financial resources to pursue advanced degrees.

17/11/2019

Make adequate gains & mistakes by being decisive & assertive. Enjoy learning from all. Happy Sunday!

26/10/2019

WEALTH IS A FORMULA.... A REAL FORMULA AND NOTHING ELSE. YOU ETHER KNOW THE FORMULA OR YOU DON'T.... No middle ground.

To whom it may concern...
"How did that fool overtake me? That’s the question that lingers in the minds of most people when they turn 55. They know very well that they studied hard, worked hard and lived a generally organized life. What they really can’t figure out is how that rugged looking, unschooled tout in the street managed to build an economy 100 times better than theirs.

How did that D- (Minus) material manage to own acres and acres of real estate? Or how did that mtumba seller manage to build a bungalow while I am still struggling to pay for a mortgaged two bedroom apartment? Well, that’s the sad reality of life. Sometimes those from whom not much is expected are the ones who pull a couple of surprise moves in life.

This article brings this into perspective. It’s a life-journey comparison of two people. One is a matatu tout the other one is a banker. One is in a blue-collar worker in a field that is otherwise reserved for those who seem unambitious in life. The other one is an educated, neatly dressed white-collar professional who spends most of his time in some corner office.

The only disclaimer I would like to make is that this story is not meant to demean any career. Its sole aim is to educate you on good and bad choices in life and how they influence who we become.

The Matatu Tout Vs. The Banker

A matatu tout is a career despised by many owing to the fact that it is seen as a preserve for the academically weak and unintelligent people. You only need basic cash-handling skills to venture into this career which means one can get started immediately they finish form four.

On the other hand, a career in banking is coveted by many across the globe. In order to become a banking clerk, you need a Bachelors Degree or at least advanced training in accounts which obviously mean spending at least 3 years in post-secondary school.

According to independent research by the SDE Kenya and Mediamax, on a good day, a tout in a Nairobi matatu takes home Sh 3,000. On a bad day, he takes Sh 1,500.

On the other hand, a spot check on banking clerks salaries in Kenya show that most banks offer a basic salary of Ksh30,000 – Ksh40,000 to their employees.

Remember that a matatu tout can start working almost immediately after form four and so by the time the banker finds a job, the tout already has 3 years of experience. The tout will have already completed his driving classes and just waiting for 2 more years to become a fully-fledged PSV driver. He has by default been “hardened” by rubbing shoulders with the traffic police, city council askaris and NTSA officers.

So let us see how the two manage their life and money differently.

Starting Life

The matatu tout, owing to his perceived “low class” standards is comfortable renting out a house in some dark corner of Githurai 45. That costs him a paltry Ksh3,000 per month. Thanks to the nature of his job, he does not require to pay fare to and from town.

The graduate banker on the other hand due to his perceived “high class” status in society will rent a bed-sitter in Roysambu or any other middle-income estate. That will cost him approximately Ksh10,000 per month. Unlike the tout, he has to pay for matatu fare to and from work everyday.

Fare from Roysambu to town (one-way) is usually Ksh100 during peak hours. Don’t forget the late-night Uber trips the banker has to take after a night out with his fellow educated friends.

How They Save

The matatu tout is naturally able to save more because of his low expenses. If he is wise and disciplined, he will join a SACCO where he will start saving with the dream of purchasing his own matatu. You will find him comfortably taking food in vibandas (temporary sheds) to save an extra coin he can find.

His street survival instincts will have taught him that he can actually take advantage of free transport of his employer’s matatu to be collecting second-hand clothes in Gikomba. So he starts up a small market stall in the busy Githurai market.

On the other hand, the banker will be busy trying to fit into a certain lifestyle. His biggest worry will be how to upgrade from the bed-sitter in Roysambu to a one-bedroom house in Garden Estate or Ruaka. He will also be working very hard to get a loan so that he can buy a car.

His goal is to particularly fit into a lifestyle worthy of a white collar job employee. You will therefore find him busy on social media updating his growing number of online fans on his daily escapades.

As the matatu tout builds his savings and expands his streams of income, the banking clerk gets busy financing a lifestyle.

Five Years Later

Five years down the line, the matatu tout has already become a PSV matatu driver which means his daily take-home has risen from Ksh3,000 to Ksh5,000. He only needs to wait for a few more months and he will be having his own matatu on the road.

Even luckier for him, he already has the hard skills of managing this tricky business. His mtumba business has also blossomed and he has left it to his wife to manage full-time. This brings an extra Ksh1,000 a day to the family’s kitty.

The story of the banker is not all too gloom and doom either. He has already managed to clock in a few more years of experience and has been promoted to a better position. He now takes home Ksh60,000 basic salary per month.

He is already finishing up on repaying the car loan he took during the early years of employment. Next on his plan is to take up another loan to finance his upcoming wedding. His target budget is Ksh1,000,000 wedding.

Note that due to his promotion at work he now has to deal with more workload…meaning his mind is fully occupied and he cannot even think of running a side-hustle.

At 55 Years Of Age

The matatu tout has managed to grow his matatu business from one matatu to a fleet comprising 14 seaters and 33 seater HINO buses. And thanks to his experience on the road, he has been appointed as the head of his matatu sacco.

His mtumba business has also grown into a fully-fledged boutique with branches in Ruai and Ongata Rongai. His wife frequently travels abroad to shop for new supplies. They have also constructed a bungalow in the outskirts of the capital. In just a few more years, they will be constructing some rental apartments in Juja.

The good banker on the other hand will have reached a senior managerial position. Good for him. But that’s the end of the story. He will be stuck in debt. He has a mortgage loan for the apartment he bought in mlolongo – the mortgage loan has a repayment of 30 years meaning he will repay it until he turns 85.

His kids are going to expensive schools and he is already feeling the strain of paying for tuition and boarding fee. To make matters worse, the bank he works for is not doing so well owing to factors like capped interest loan rates and entry of digital banking.

A memo is circulated in the office that some people will be retrenched. He becomes a worried man. His health deteriorates. He is on the verge of having his apartment repossessed if he loses that job. He tries to secure a loan to start a business (remember he has no hands-on experience in managing his own business), it fails. You can now join the dots and figure out what happens to him in his sunset years.

Final Word

Once again, the goal of this story is not to encourage you to despise some jobs. We cannot all become touts. But there is a lesson in it for all of us to learn. The banker in this case is you – the smartly dressed chap who spends his time on Facebook, Whatsapp, Twitter etc. The banker is also you – who despise humble beginnings.

That mkokoteni drawing fool you splash water on with your ex-Japan car bought on loan might soon give you a run for your money. Wake up, stop financing a lifestyle. Don’t be a robot. Don’t take a nap in your comfort zone. Wake up and start working on your dreams.
By James Keru"

👆👆👆
I copied this article from my bro Geraldo Matiri wall and it made deep sense

25/09/2019

Happiness does not come from doing easy work but from the afterglow of satisfaction that comes after the achievement of a difficult task that demanded our best. -Theodore Isaac Rubin

21/09/2019

I AM HAPPY I FAILED!!!

It is interesting to note that every time I made a loss, felt rejected or looked down upon from something good. It would almost always turn out that I was being redirected for something better.

If I wasn't robbed of my trading capital in South Africa behind Park Station in 2010, I wouldn't have seen an opportunity in forming my first IT company with two other friends instead I would have continued trading in small things.
If I didn't have that huge loss on my tomatoes project in 2012, I wouldn't have seen an opportunity that led to me owning and running my own transport company instead I would have continued with life at my village.
If the tragic accident that led to the closure of my transport business due to compensation issues to victims in 2014 didn't take place, I wouldn't have seen an opportunity in the Tech industry which took me global instead I would have continued chasing lies and stress given by my drivers and mechanics.

To a large extent failure has built me much more than success has. There are many times when I cried hard because things didn't go my way but smiled after connecting dots in reverse.

Keep hope alive, you may smile on today's predicament in future while praising God for it.



19/09/2019

Business skills development is both formal and informal.

17/09/2019

Branding in Business!

I learnt a lesson as I manouvred through the streets of Kampala, I am speechless about words I should use but let me borrow a set of words from boss MJ.

I learnt real branding lesson. The church business is one of the oldest businesses in the world. Names of churches are these days very captivating and attractive in spite of poor structures some of them them have. I saw names like '..... Cathedral'-intently discovered it may accommodate 50-70 worshippers. Another name '.....international deliverance church' can accommodate more than 200 worshippers has iron sheet walls. There are more....

The major lesson here is the importance of branding in business let alone the church example because it was glaring. How do you brand your business?

Between these two names, if they were churches, which one will prefer to go to?

1. Mane international deliverance church and Mane rural deliverance church?

2. Mane Holy Ghost Fire church and Mane church?

🤔🤔🤔

Branding Branding Branding!

I have been thinking of rebranding myself but I realized I have a firebrand 🤫💪

Hope I have inspired someone this evening. 🙏🙏🙏

16/09/2019

Donat Kananura: Houseboy to business mogul

By Gabriel C Buule
Long before Kananura was born, a fortuneteller told his father that a son would be born to him who would save his people from poverty. The prophecy gave hope to Kananura’s father who had been unable to have children with his wife. Out of frustration he married a second wife and the two had a son. He, however, divorced her following pressure from the church.

Kananura was raised by his grandparents after the divorce. He was two years old at the time of divorce. His father passed on two years later. Being orphaned at such a young age, taught him self-sufficiency; he had to work to earn his school fees. To give his life purpose, Kananura chose the bible scripture, Hebrews 11: 1 (Now faith is confidence in what we hope for and assurance about what we do not see) as the foundation of his life.

“I would do odd jobs for as many as five families in Kabale. Those days (1950s) the wealthiest families were either Indians or British, those are the people I worked for,” Kananura explains. After leaving school in level six, Kananura tried his hand at any manual job that promised to give him a semblance of financial independence.


“I have been a porter on construction sites, shamba boy, washer boy, turn boy, a market clerk and a carpenter to mention but a few. I did any job that was available that I could qualify for. As a 17-year-old school dropout, my options were limited to the menial jobs,” he adds.

Kananura’s path to wealth

Kananura’s first substantial salary was Shs30 at a construction site in 1954. He later upgraded as a mason for which he was paid Shs90. “The life of a porter is not an easy one. You work hard yet you are underpaid. As a result I was always tired and hungry because I could not afford to feed myself well enough. I quit as soon as I got another job,” Kananura shares. The new job was with a wealthy Indian family in Kabale where he worked as a houseboy.

“My employer was kind to me. Not only did he treat me humanely but he went out of his way to give me basic maths lessons,” Kananura recollects, adding that although at that time he was unaware, his boss was grooming him so that he could be able to handle bigger responsibilities and earn a decent pay in the process.


As soon as the Indian was satisfied with Kananura’s capability he turned him into the company’s procurement officer. The job was short-lived however after his boss was fired by his firm for shoddy transactions.

The entrepreneurial journey
The youthful Kananura having tasted and seen how different life can be with enough money was not willing to go back to menial jobs. His gig as a procurement officer had exposed him to the business community and he had made valuable connections and friendships.
“I consulted with my friends about what business I could do with my little savings and make some money. I was advised to tap into the garment industry that was booming at the time (1957). I bought a sewing machine and my friend Karema gave me lessons so I could do the tailoring myself,” Kananura relates.

While he was still mastering tailoring lessons, his former boss who had found another job at a tin mine made him the mine clerk. He did not give up on the tailoring business though but decided to do it in the evening and weekends so as not to clash with his day job.
A year later, Kananura relocated to Kyeshero-Kayonza, Kanungu District to establish his business. In addition to tailoring, he also ventured into the coffee and paraffin business.

“I would travel to DR Congo to buy coffee and paraffin to bring it to Kabale. This was a journey of about 25 kilometres while carrying 85 kilogrammes of coffee daily but it was worth it. I managed to make a lot of profit since the two commodities were on demand,” Kananura adds. As the business grew, Kananura needed more supplies so he employed 30 young men to ferry the goods and opened up stores.

He invested his profits in a tea plantation in Kayonza and started looking around for other profitable business he could invest in.

Robbed clean
Kananura’s business involved travel and he believed that buying a car would make it easier. He saved enough money for the same purpose. As he was still debating on whether to buy a car or invest the money in another business, he was approached by a gentleman who convinced him to join the tin business. The gentleman showed him the amount of money he could make. it was more than he was making from paraffin and coffee combined. The only challenge was finding the tin.

Kananura set off in the quest for tin all the way into Congo with all his savings. Unfortunately, Congo was in a state of anarchy with each area being controlled by armed factions. He was arrested by one of these factions and they took away everything he had.

“I left as a well-off businessman chasing more wealth and returned penniless. Thank God that my wife and mother had some savings that helped us through this period. I also went back to my tailoring business to get some capital to help me buy more coffee,” he says.

Hitting the big time
At this point Kananura had learnt the importance of social capital and being disciplined. Because of his honesty and fairness while transacting business, Kananura was trusted and loved by the Congolese business community enough to get goods on credit.

“They told me that since I was trustworthy; they would trust me with a gold nugget so that I could sell for them in Kampala which I did,” recounts Kananura.

Kananura sold the gold nugget and after paying the Congolese their share; he still had enough balance to buy a car.
“I realised this was a big deal. But in order to make it a safe and profitable business, we needed to establish rules and guidelines. I started an umbrella body of gold dealers in Uganda and I became a treasurer,” he shares.

Kananura who never ditched his coffee business continued to invest in gold, owning deposits in Uganda and selling in Kenya.

Giving back to the community
Between 1968 and 1969, he built Kyeshero Primary School, Nyamiyaga in Kanungu District which he gave to the community and entrusted it to the government under the ministry of Education. In addition to the school, Kananura provided piped water seven kilometres away from Butogota Trading Centre in Kanungu District.

He is also the helping hand behind Kyeshero Secondary School where he built teachers quarters, classes, sickbay, laboratory, offices and also pays teachers’ salaries. In addition he supports the Catholic Church which the community chose to name after him St Donati Catholic Church, Kyeshero Kanungu.

Inspiring the young generation
Even-though Kananura had all avenues and money, he says he refused to engage in any dubious business and drugs and he always asks youth to shun drugs and dubious dealings.
He also advises people not to be reckless with their money. “Keep your money to help you when you are old,” Kananura advises

05/09/2019

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