Philemon Sande

I've been alive for a while. I've seen things, heard things, felt things, things I want to tell the World

[Philemon Sande @Phil_Sande1]

I myself am made Entirely of Flaws Stitched together with Good Intentions
At the end of the Day, I'm at Peace because my Intentions are good and my Heart is Pure😋🙏

[Abojani Investment 🇰🇪🇺🇬🇹🇿 @TheAbojani]

In short, if you are making 50K net per month, use 25K to cover your rent, water bill, electricity, fare to & from work, internet, food...squeeze all your needs until they fit in that 25K.

Then invest 10K either in a MMF or SACCO depending on your preference and goals. Let this 10K grow to 100K then buy stocks.

The remaining 15K, use it to pay black tax if you must, tithe if you do, gym, take an extra course, learn a skill.

Either way don't go out of your budget to cover any expense.

[cheruiyotkb @cheruiyotkb]

Many youth are taking up entry level jobs in Turkey, especially in textile, hospitality, and teaching. Most pay between Ksh 100K to 150K p.m.

Suppose you're offered a Ksh 200,000 p.m (TKY 75,000) job in Turkey, would you opt to keep a Ksh 80,000 p.m job in Nairobi?

Sh 80K net in Nairobi is better than Sh 200K net in Turkey unless housing is free. A Thread 🧶 >>

[GISTE @ggiste]

If you have Ksh 10 Million and you want to build rentals.

Instead of using your money to build those apartments

Buy a 14% IFB. Every month you will be getting Kshs 116,667

Go to the bank. Use the bond to secure 90% of the value of the Bond.

You will get Kshs 9 Million. Negotiate for 18% interest payable for 10 years. Every month you will be paying Kshs. 162,166.

Spend Kshs 8 Million. Iyo Kshs 1 Million tumia kuongeza interest rates mpaka mjengo iishe.

Receive Kshs 116,667 from Treasury Bonds. Top up 45,449 from the Ksh 1 Million umebakisha.

With Kshs 8 Million you can buy land ya 3 Million in a satellite town and build Bedsitters za Kshs 5 Million. With 5 Million you can do 15 Bedsitters.

Lipisha rent ya 7k. Receive Kshs 105 Million.

Every month utakuwa unapata a total of Kshs 222,000 and pay loan ya Kshs 162,166. Ubaki na around Kshs 60k

In 10 years utakuwa na your Kshs. 10 Million from Treasury Bonds na property worth another 10 Million.

That’s for those who value mambo ya Manyumba.

Wengine kama sisi. Unaweka 5 Million Treasury Bonds, unaweka 3 Million Equity Fund, unaweka Kshs 2 Million kwa special funds.

Every month huwezi kosa Kshs 350k

Lakini as I said. Pesa ni yako ufanye vile Unataka nayo.

[Eric @amerix]

I want to say this,

Before you marry a woman,

• Understand her family's taboos, traditions, values, morals and beliefs. This is important.

• Take her to your home, and leave her there for a while to bond with your traditions, values, morals and beliefs.

• Go to her home and introduce yourself. This is not you going. It is your uncle, siblings and aunts. You remain behind.

• Invite her brothers, uncles, aunts and otheŕ relatives to your home. This is when they see you for the first time. This is when you interact with them for the first time.

• After this, plan and go to her home. This is the first time you go there. Go with your friends, siblings and parents. This is where bride price talks are introduced. This is when you meet her father and mother for the first time.

Why do all these?

To protect yourself and your children's future.

But most of you are ignorant. You live in the city like vagabonds.

You meet a woman in the city and hide her in your city's house.

Impregnate her in the city.

Have children in the city.

Then, when things fail and her family take her away, you throw tantrums, loiter around court corridors and jeopardise your children's future.

Some of you shamelessly meet your father-in-law for the first time in a funeral.

Or some of you, casually meet your father-in-law in a bar.

Your children don't even know their village.

When will you be straightforward and subservient to our cultural norms as an African?

Stop being a bladifakin man.

[Gichuki Kahome @kahome_steve]

Investing shouldn't be as complicated as it seems.

Here are 5 investment accounts that you need and how to open them.

1. A Money Market fund - For your emergency fund/short term savings

2. A SACCO BOSA Account - To earn rebates from savings and increase your chances of getting a loan from the sacco

3. A CDS Account - Investing in local stocks in the NSE

4. A DhowCSD Account - For investing in government bonds and bills

5. An account for investing in offshore stocks & ETFs.

[Nihan @CodebyNihan]

A COWORKER KEPT STEALING CREDIT FOR MY IDEAS IN MEETINGS.

So I changed one thing.

Before every meeting, I started emailing my ideas to the entire team—with timestamps.

The next meeting, he tried it again…

But this time, everyone already knew who said it first. 🧵

[cheruiyotkb @cheruiyotkb]

At age 35, you've likely worked for > 5 years, internship included. Your income investments should equal at least 2X your annual net salary.

If your net monthly income is Sh 50K, your minimum investment target should be Sh 1.2M.

Thus, you may hold Sh 500,000 in SACCO deposits/share capital or Fixed Income Fund; Sh 300,000 in NSE stocks, Sh 200,000 emergency fund in a money market fund, and Sh 200,000 in a Treasury bill/bond.

These will earn you annually:

• Sh 50K from the SACCO/FIF*
• Sh 25K from NSE stocks*
• Sh 18K from MMF*
• Sh 18K-22K from T-Bill/bond

* Depends on selected stocks, SACCO, or fund manager

Push your emergency fund from 3 to 6 months. If monthly expenses is Sh 50K, your emergency fund should be Sh 300K. Put in an MMF or FIF.

[Succeeded Mind @SucceededMind]

12 Dirty moves that make you dangerous:

[Mihr Thakar @MihrThakar]

20 useful accounts to follow:

1. @beth_kasinga - Diaspora living from a dynasty perspective

2. @SokoAnalyst - Market analysis

3. @TheAbojani - Banking sector

4. @cheruiyotkb - Personal finance

5. @CaremartChemist - Medical/pharmaceutical

6. @Bookten8 - Lifestyle

7. @WilexGmbH - Automotive

8. @aziz_mire - Business

9. @carrington_fx - Forex rates

10. @Kibet_bull - Politics

11. @africaupdates - African news

12. @Theo_mwangi - Crypto

13. @nderi_j - Economics

14. @ZeddyBariti - Travel content

15. @MeteoKenya - Weather updates Kenya

16. @mcpipita - Radio and conversations

17. @NyakundiReport - Latest news

18. @mnandii - One of the best technical analysts in Kenya

19. @CJ_Haslett - Africa from the Beach

20. @NjokiOdongo - Coffee

[Specialmanhood⚡ @specialmanhood]

She will never ignore your message if you send her this:

A thread.

[Moe @moneyacademyKE]

If you have VAT tax credits, KRA must first consider using them to clear your outstanding tax debt before taking enforcement action.

For example, if you owe KRA Sh5 million but have Sh7 million in VAT credits, the credits can be used to clear the tax debt.

[Abojani Investment 🇰🇪🇺🇬🇹🇿 @TheAbojani]

Reality Check

You need at least Sh 10 million to earn a passive income of Sh 100,000 per month in Kenya.

To accumulate Sh 10 million:

Sh 122,444 p/m in 5 years (@12%)

Sh 43,478 p/m in 10 years

Sh 10,877 p/m in 20 years

*without factoring in inflation

[cheruiyotkb @cheruiyotkb]

Someday you will wake up to your dividends and interests covering your rent or mortgage, living expenses, and the dreaded black tax.

Until that day, keep growing your investments, month in, month out.

Your money works harder for you when you earn increasing passive income.

[Abojani Investment 🇰🇪🇺🇬🇹🇿 @TheAbojani]

If you’re 40 and earn Ksh70,000 per month, your expected net worth would be Ksh3.36 million.

According to a rule of thumb from The Millionaire Next Door, your expected net worth is calculated as...

Age × Annual Income × 10%

For example, if you’re 40 and earn Ksh70,000 per month, your expected net worth would be Ksh3.36 million (40 × Ksh840,000 × 0.10).

You can then use this benchmark to see where you stand.

If your net worth is 2× or more of the expected net worth, you’re a Prodigious Accumulator of Wealth (PAW).

If your net worth is around the expected net worth, you’re an Average Accumulator of Wealth (AAW).

If your net worth is ½ or less of the expected net worth, you’re an Under Accumulator of Wealth (UAW).

It’s not a perfect measure, but it can be a useful starting point for checking whether your income is translating into growing wealth.

[Epic scenes 🎬 @Epicscenes02]

40 TV Series With P0rn-Like S*x Scenes 🥵

A Thread..🧵👇🏻

[cheruiyotkb @cheruiyotkb]

Dividend investing takes a lot of money to generate a good sized income, but once you build it, it pays you passively for the longest time. Own profitable, stable companies instead of companies with momentary capital gains but no solid fundamentals. What are you buying today?

[cheruiyotkb @cheruiyotkb]

You get rich from what you earn.

You become wealthy from what you own.

Make it your goal to own income earning assets.

Cash, unit trusts, treasury bills, bonds, dividend stocks, commodities, machinery, rental property, farmland, trees, livestock, stone quarry, etc.

[The Masculine Creed @Masculincreed]

Stop asking boring questions that weaken your relationship.

Ask these 5 daring questions that’ll test your chemistry with her:

1. "If I kissed you...

[The Superior Man @superior_hombre]

50 Activities To Do With Your Partner (Without Your Phones)

[𝕾𝖎𝖗 𝕮𝖍𝖗𝖎𝖘 @eagleseyeinc]

i’ll teach you the best time to buy products, so pay attention;

1. cars - dec
2. iPhones - sep to oct
3. TVs - jan to feb
4. laptops - nov to july & aug
5. electronics - nov
6. washer & dryers - sept to oct
7. grills & patio - aug to sept
8. indoor furniture - jan & july
9. gold - june to july
10. flights - feb to march & mid-week

most of you focus on what to buy but smart buyers also think about when to buy it.

look, cars get cheaper when dealers need to clear old inventory, phones get discounted when newer models arrive, TVs drop when retailers need room for the next generation, laptops get aggressive during back-to-school and holiday sales, i can go on and on

the same product can cost dramatically different amounts depending on when you buy it.

patience is a form of leverage.

you don't always need to earn more money to afford more things, sometimes you just need to stop buying at the wrong time.

you might want to save, bookmark and share with others.