I used to work for a certain bank where I was heavily involved in data analysis. One day, I decided to analyze customer accounts based on their balances. I categorized them into two groups: accounts with KSh 5,000 and above, and accounts with less than KSh 5,000.
The results were quite interesting. About 80% of account holders had balances below KSh 5,000, while only 20% had balances above KSh 5,000.
What was even more surprising was the distribution of the total deposits. The 80% of customers with balances below KSh 5,000 held only 20% of the bank's total deposits, while the 20% with balances above KSh 5,000 held 80% of the total deposits. The bank's management was also surprised by these findings, and they eventually created a separate banking service for customers with large deposits.
We went further and conducted research to understand the dynamics behind this pattern.
We found that those with balances below KSh 5,000 were mainly:
Tenants
Parents
Shoppers
Worshippers
Retailers
Most of them were salaried employees.
On the other hand, those with balances above KSh 5,000 were typically:
- Landlords
- Supermarket owners
- Manufacturers and wholesalers
- Churches
- Schools
- Other organizations
The reason was simple: these accounts received money from many people. In fact, we referred to them as "collection accounts."
The lesson I drew from this is that wealth is often built by creating systems, businesses, or assets that generate income from the efforts and transactions of many people, rather than relying solely on a salary.
One challenge is that many employed people never fully grasp this concept because a regular salary can sometimes limit their thinking about alternative ways of generating income and building wealth.
Kenya plans to sell anonymised, non-personal data from platforms like eCitizen to businesses, researchers, and NGOs.
The plan aims to raise revenue and improve government planning.
[Personal data like names and ID numbers will not be included].
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The plan is to make Kenya a failed state;
1. Destroy the middle class.
-shut down manufacturing companies.
-overtax the working class.
-inflation.
-hike the cost of living.
-no increments on salaries.
2. Turn everyone into a beggar.
-introduce digital currency.
-government as biggest employer.
-destroy informal sector.
-divest manufacturing.
-over regulate/ over tax small and medium enterprises.
-subsidise corporates.
3. Privatize land.
-give access to farmland to global agricultural multinationals.
-bills that take away land sovereignty from the citizen.
-introduce a land tax.
-create squatters.
4. Control housing.
-15 minute cities.
-over surveillance.
-avoidable housing for those who can't afford a tax on their freehold land.
5. Destroy seed sovereignty.
-introduce only patented seedlings.
-prioritise GMOs and hybrids.
-demonize indigenous seeds and organic farming.
-pass bills that curtail the growth and aspirations of small scale farmers.
6. Privatize water.
-force a people to need a license to harvest rain water, rivers or dams.
-overtax boreholes so only the rich can afford them.
-give global beverage and bottled water companies uninhibited access.
7. Enslave the nation in debt.
-borrow from global banking cartels;
IMF, World Bank, China EXIM Bank, European Central Bank, African Development Bank...
-squander taxes.
-loot borrowed money.
-use national assets as colateral for debt.
8. Destroy Sovereignty.
-allow foreign military bases in your land.
-allow foreign governments say so in your socio-economic/ political issues.
-allow biological weapons labs.
-allow for looting of mineral wealth and natural resources.
9. Create an illiterate populace.
-remove free education.
-introduce a new education model without proper planning.
-allow globalist entities to fund your curriculum.
-dumb down the learners.
-divest/privatise higher learning institutions.
10. Devalue the currency.
-print fiat without regulation.
-inflation.
-loot gold and silver reserves.
-allow global banking cartels to set fiscal policy.
My name is Dr Dominic Miriti Mutugi on my name tag I had Dr Miriti MD to mean Mutugi Dominic,the consultants thought it I meant Medical Doctor,they told me I am still an intern they will decide if I will become a doctor,I was shortlisted for the county job and the CEO of the
@magattew While at it Madam, please tell us why the UK has the biggest Gold reserve without a single mine in their country? They stole minerals during colonization, so the excuse is alive and kicking. Tell us why there is war in the Congo and not in Kalahari desert? Swara wewe.
@Merab_Dickens@C_NyaKundiH Those high end eateries have massive cold rooms. The food is never fresh. When hosting big seminars is when they cook the oldest meats in the freezers.
Our Presidential security team must be careful in national events. In Wajir, they mishandled Mohamed Sheikh Abdi (Xambaarte) who served NPS for 43 years, rising to ranks of Assistant Inspector General!
Eugene Mutuku was a final year student at KMTC Yata(Matuu). He was set to graduate this year. As part of the course requirement he was expected to be on attachment these few months.
He had just started his attachment on Tuesday this week at a hospital in Kasarani. That's where he was headed to on Thursday when a matatu conductor threw him from a moving NICCO SACCO bus registration number KDV 713J. He was thrown to the tarmac and he was run over.
A good Samaritan quickly picked the injured Eugene who has writhing in pain. As he was rushing him to hospital he found the same bus at garden estate picking passengers. He told them he had the passenger they threw to the tarmac.
He wanted them to take him to hospital but they were unbothered. Instead they told him they will go to the police station to report.
The good Samaritan ended up with Eugene at KNH where he ultimately succumbed to his injuries.
I don't know what to call this 😢.