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The grace of God is sufficient🙏

[cheruiyotkb @cheruiyotkb]

The key to wealth is moving from a consumer to an owner mindset.

You will be restless if you own nothing.

Spend your time seeking shares or bonds to invest in, land to buy, a business to start - just anything that will appreciate in value.

Ownership is the path to growth.

[cheruiyotkb @cheruiyotkb]

#WealthWednesday

Nothing beats a man who takes his personal development seriously.

When you focus on building your body, mind, and wallet, you become not only a force to reckon with, but also attractive.

Hit the gym, eat healthy, read self-help books, and build investments.

[cheruiyotkb @cheruiyotkb]

What school teaches:

✍️Get good grades
🏢Get a government job
💵Earn a salary and allowances
📶Scale the corporate structure

What the streets teach:

💰Cash flow is king
📈Earn. Save. Invest
📚Never stop learning
🧠Think like an entrepreneur
👥Network with successful people

[cheruiyotkb @cheruiyotkb]

Your employer can step on the brakes in the middle of nowhere.

Taking control of the situation:

✓create a budget
✓save some money
✓build an emergency fund
✓track your spending
✓reduce debts
✓start investing
✓start a side business
✓diversify investments
✓stay invested

[cheruiyotkb @cheruiyotkb]

When you look good, you feel good.

When you feel good, you perform well.

When you perform well, you get rewarded because you invested in yourself.

Invest in yourself through your knowledge, health, and image.

[cheruiyotkb @cheruiyotkb]

A man's weaknesses will always be ladies, liquor, and leverage.

The first two are not arguable.

For leverage, you get ruined when you borrow on your salary without a proper repayment plan, and especially when you borrow for conspicuous consumption devoid of any growth activity.

[cheruiyotkb @cheruiyotkb]

When you hit your 20's, build yourself first. You will not miss out on anything. Focus on yourself - learn a high earning skill, find a mentor, eliminate unhealthy habits like betting, and overcome alcohol addictions. Cut off unnecessary hangouts. You must get your life together.

[cheruiyotkb @cheruiyotkb]

What it means to invest in yourself:

~Save money
~Invest money
~Keep fit and healthy
~Learn skills for extra income
~Don't underestimate anyone
~Make multiple source of income
~Make connections and nurture them
~Invest in nice clothes and accessories

[cheruiyotkb @cheruiyotkb]

A higher income plus zero desire to impress anyone is a powerful combination for building vast amounts of wealth. Don't attract negative energy.

[cheruiyotkb @cheruiyotkb]

Cash flow will make you live wealthier than net worth.

Your first Sh 20K a month in passive income (real estate, treasury bond interest, etc) will pay for your lifestyle.

Your Sh 2M net worth will look good on paper but won't put food on the table - it may comprise idle assets.

[cheruiyotkb @cheruiyotkb]

An ideal personal financial plan should look more or less as follows,

•Get a job, increase earnings over time

•Build a 3-6 month emergency fund

•Have medical and life insurance

•Enroll in a retirement fund

•Invest the rest as follows,
~money needed under 5 years put in an MMF or treasury bills

~money needed over 5 years put in SACCO, select stocks, or treasury bonds

•Make plans for home ownership

•Review portfolio performance every six months

[cheruiyotkb @cheruiyotkb]

Four things that have a huge impact on your personal finances:

~The career you pick
~Your lifestyle choices
~The person you marry
~The circle of friends you keep

You are largely an end product of your lifestyle and the people you interact with.

[cheruiyotkb @cheruiyotkb]

Financial independence won't happen overnight.

One dividend payment this month, one dividend payment next month.

Some cash inflows from your SACCO or MMF interests.

The compounding snowball begins slowly and gains traction over time.

What matters is getting it started.

[cheruiyotkb @cheruiyotkb]

First, you work for money.

Then you use the money to buy assets.

Assets work while you sleep and create passive income.

Passive income compounds into wealth.

[cheruiyotkb @cheruiyotkb]

You build financial discipline when you simply follow your money plan.

When money comes into your bank account, be intentional about your spending and investing plans.

Don't leave things to chance.

Prepare saving, investing and spending plans before you receive your salary.

[cheruiyotkb @cheruiyotkb]

Put an oxygen mask on yourself first before trying to help others.

Be well grounded financially before trying to rescue everyone in your family from their financial troubles.

Attempts to help others on a weak asset base will soon get you in a debt hole and nobody will care.

[cheruiyotkb @cheruiyotkb]

Those who hate you know you are too big to fall.

You are everything they desire to be - their dream unfulfilled.

You are a constant reminder of their failure to launch, or thrive.

You can't be hated when you have nothing. You are merely ignored.

[cheruiyotkb @cheruiyotkb]

Financial freedom is attainable if you stick to these practices:

1️⃣ Doing your own research
2️⃣ Living within your means
3️⃣ Receiving interests monthly
4️⃣ Reinvesting part of your dividends
5️⃣ Saving & investing for your retirement
6️⃣ Enjoying soft life thanks to passive income

[cheruiyotkb @cheruiyotkb]

Your 20's are a pivotal time that shapes your future.

Navigate between fun and building your financial future.

Discover yourself, your passions, and your dreams.

But don't forget to put away money and build your wealth.

[cheruiyotkb @cheruiyotkb]

Mistakes to avoid for your personal finance and investments wellness:

- Not having a budget
- Not saving for emergencies
- Not having a retirement plan
- Not paying off high-interest debt
- Not investing for long-term growth

You can do better!