Get a money makeover with Kenya’s top money minds

Robert Kiyosaki says, “It is more important to grow your income than cut your expenses. It’s more important to grow your spirit that cut your dreams.” The greatest disservice you can do to yourself is to continue relying on that one source of income. What if it, too, suddenly gets cut off? Where does that leave you? Only poor people oversleep. If you go on the road at 4 AM you will see Prados, Landcruisers, and other big cars. At 6 AM is when you start seeing the Proboxes and Vitzes. That should show you how early wealthy people wake up. When did you last see Bob Collymore trapped in traffic? If you have an 8 to 5 job, what are you doing between 6 and 8? Do poultry rearing, get a dairy cow – anything it takes to get an extra income during your extra hours.Dr. Paul Kibicho, CEO, Panorama Consulting Co. LtdIt is ‘do what makes you money, not what you love’ The worst business advice I ever received was ‘do what you love’ at my New York University graduation commencement. I have since learned ‘do what makes you money’ works much better for me personally. I know,…

How to invest like a professional

Sometime last year, I decided to go back to school. Money school. I remember my mum asking if I’d find the time for it. But in life, prioritising is everything, and I was at a point in my life where I needed to learn more about investment options and find a tailor-made solution for my money. We’ve heard stories of friends, family members or famous individuals who were flush with cash at some point in their lives, but they’re now languishing in poverty. Managing money matters to all of us. The questions you need to ask yourself are: what percentage of your income goes to savings? How much have you saved? With these savings, what are your intentions? How long can you last on the savings alone? If your main source of income were to fail today, would you go back to the struggle or confidently take up a new venture? Simple exercise Now a simple exercise. Take a piece of paper and answer each and every question that I just listed above. Read more

Possible Ways To Put Idle Land Into Use & Make Money

The number of people who’ve bought land as an investment and don’t know what to do with it is baffling other than wait for it appreciate in value. So what can you do to make some money with that vacant land instead of waiting to it’s value changes. We’ve come across several proven ideas that we believe will help you make some good money off your dirt. Storage Yeah, we know it’s hard to believe this but there is a lot of money in storage. For many who have invested in land with close proximity to airports or port harbors will benefit more with this kind of business. Kenya’s current importation level exceeds the the amount the airports and harbors storage facilities increasing the demand for storage facilities outside this areas.Developing mini ­type facilities doesn’t require much capital, marketing or staffing. The opportunities are endless depending on what you’re willing to store. Parking space Parking is a billion shilling industry in Nairobi alone. With over 30,000 units of vehicles being bought in Kenya, 60 percent of those vehicles are in Nairobi increasing the demand of parking inevitably. Wherever it is you’ve bought land within the city, you won’t go wrong…