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The power of financial education
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Marty
#31 Posted : Monday, April 23, 2012 4:36:47 PM
Rank: Veteran

Joined: 3/31/2008
Posts: 761
Location: Nairobi
eaglesmiles wrote:
@Marty send at eaglesmiles@yahoo.com.

Keep the good info coming.


We are building on the lessons in an organized manner and sequnetial manner but by close of this week, I'll send to those who want via email the info on the lessons so far dealt with.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
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mapozi
#32 Posted : Monday, April 23, 2012 4:37:15 PM
Rank: Member

Joined: 4/21/2011
Posts: 119
One more thing, would you mind contributing to the thread "How did you make your first million Kshs?" I think it's bound to be an insightful one. Please don't mind my questions, I think they are getting to be quite many.

Regards.
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youcan'tstopusnow
#33 Posted : Monday, April 23, 2012 5:10:37 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
Always good to go back to Financial Management Basics 101 every so often.

GOD BLESS YOUR LIFE
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Edyj
#34 Posted : Monday, April 23, 2012 5:15:45 PM
Rank: Member

Joined: 6/15/2010
Posts: 126
@ Marty,

This is one of teh most informative post i have seen since i joined Wazua. Please keep up the good work. Am greatly interested in the material mumo04@yahoo.com.

Keep us with the spirit.
"The trouble with not having a goal is that you can spend your life running up and down the field and never score". - Bill Copeland
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ralp_mutu
#35 Posted : Monday, April 23, 2012 5:55:33 PM
Rank: Member

Joined: 3/26/2012
Posts: 232
Location: Nairobi
We need people like you Marty.. Keenly following the posts.. Be blessed
My folks told me that my very first word was 'billionaire'
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kamundu
#36 Posted : Monday, April 23, 2012 6:29:56 PM
Rank: Member

Joined: 5/9/2011
Posts: 786
Location: Mashinani
Went through a financial awareness class 5 years ago. This I what I learnt.
You are living beyond your means if the following applies to you
1. If your rent is more than 15% of your income
2. If you are living on more than. 60% of your income
3. If you are not tithing.
4. If you don't have safe net which should be equivalent to 6 months of your monthly income
5. If you have no Money going into long term investment (equivalent to 10-15% of income)
6. If you have more than 15% of your income going to pay some debt.

I always wonder how many of my friends with flashy cars are living within their means.
Peace in our Homeland.
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kamundu
#37 Posted : Monday, April 23, 2012 6:40:18 PM
Rank: Member

Joined: 5/9/2011
Posts: 786
Location: Mashinani
I'm not a financial guru, but this are the basics
An ideal family budget ( combined incomes of you and your spouse )
Living expenses about 60 % of which 15% is your rent and also includes food, clothing , fuel , school fees
Short term investment 10%
Long term investment which (includes mortgage )15% ( how I wonder how guys are affording 20M houses!)
Tithe 10%
Unforeseen expenses 5%
Peace in our Homeland.
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Billie
#38 Posted : Tuesday, April 24, 2012 12:24:33 AM
Rank: Member

Joined: 11/5/2009
Posts: 8
@Marty send at en.billy@
gmail.com. You are doing good work.
Birds of a feather flock together
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Marty
#39 Posted : Tuesday, April 24, 2012 7:17:10 AM
Rank: Veteran

Joined: 3/31/2008
Posts: 761
Location: Nairobi
Billie wrote:
@Marty send at en.billy@
gmail.com. You are doing good work.


For all those who are requesting the info, I'll send the combined lesson by COB this friday.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
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Marty
#40 Posted : Tuesday, April 24, 2012 7:19:21 AM
Rank: Veteran

Joined: 3/31/2008
Posts: 761
Location: Nairobi
kamundu wrote:
Went through a financial awareness class 5 years ago. This I what I learnt.
You are living beyond your means if the following applies to you
1. If your rent is more than 15% of your income
2. If you are living on more than. 60% of your income
3. If you are not tithing.
4. If you don't have safe net which should be equivalent to 6 months of your monthly income
5. If you have no Money going into long term investment (equivalent to 10-15% of income)
6. If you have more than 15% of your income going to pay some debt.

I always wonder how many of my friends with flashy cars are living within their means.


Important points you raise and am sure they'll be mentioned as we move on with our lessons. We are all learning together and we encourage guys to contribute & critic with facts the info herein so that we all understand. I hope we are touching lives in a small / big way.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
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