wazua Sun, May 3, 2026
Welcome Guest Search | Active Topics | Log In

60 Pages«<2627282930>»
The power of financial education
Chanaleze
#271 Posted : Tuesday, August 14, 2012 3:23:47 AM
Rank: Member

Joined: 7/25/2008
Posts: 80
Location: Nairobi, kenya, eagles plain estate
hi... HEHe i thnk i missed out n alot.. Gosh! I wnt miss no mo! My email adrs z chanaleze@gmail.com .., wish to meet u n person
Marty
#272 Posted : Tuesday, August 14, 2012 9:37:22 AM
Rank: Veteran

Joined: 3/31/2008
Posts: 761
Location: Nairobi
digitek1 wrote:
@marty whats your take on the new land laws and how do they affect transactions


I have been on a break (well deserved), followed by a big assignment and will be back sometimes in September God willing. We shall learn much more together. See you then.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
kangi
#273 Posted : Wednesday, September 19, 2012 1:06:33 PM
Rank: Member

Joined: 7/23/2009
Posts: 526
Marty wrote:
digitek1 wrote:
@marty whats your take on the new land laws and how do they affect transactions


I have been on a break (well deserved), followed by a big assignment and will be back sometimes in September God willing. We shall learn much more together. See you then.


@Marty, its past September and the waiting seems long enough. Come, @marty, come.
Accept no one's definition of your life; define your life.
Kenyan Oracle
#274 Posted : Sunday, September 23, 2012 8:08:07 PM
Rank: Member

Joined: 5/31/2011
Posts: 262
Hey Marty. September is almost over. Where you @? Anxiously waiting for the next bit of education. Marty for President!
You lose money chasing women, but you never lose women chasing money - NAS
Marty
#275 Posted : Friday, September 28, 2012 10:08:10 AM
Rank: Veteran

Joined: 3/31/2008
Posts: 761
Location: Nairobi
Retiring into the unknown

I have been missing in action due to exigencies of duty and tight schedules. We shall embark on the second series of financial education topics. It is my hope and desire that we shall learn and most importantly practise what we learn. Based on a request by a dear reader, we shall start with retirement planning.

Around 2 years ago, I met John somewhere in Donholm Estate. At first I had not recognized him, in fact you’d not blame me for not recognizing him. John was my former boss in some Parastatal that I worked for 2 years in my early working life. He was a good boss, big bodied and exuded loads of confidence. But wait, the John I met looked much slimmer and the pot belly had shrunk and he looked much older. He smelt of cheap alcohol and I could barely stand next to him coz of the stench. I could not believe my eyes.

“Boss, haki maisha imekuwa ngumu. Hebu nipatie soo kuna kitu nataka kuenda kununua”, he said. This is the guy who used to order me around and looked like he was generally doing well. What I was seeing was totally beyond me. Of course I was very keen to get to know when the rain started beating him. I requested him that we get to some food joint so that we get a chance to talk as we eat.

John’s story was as sad as they come. As soon as I left the Parastatal, he retired having reached the mandatory retirement age. John came from Taita Taveta and had worked for the Parastatal for all his working life.

“But I thought on being retrenched you got your handsome retirement package and you probably receive monthly pension”, I asked him. He confirmed that he received some cash to the tune of 1.6M lumpsum and he also was getting some monthly pension of around 15k. So I asked him what happened with the cash. “Kusema ukweli, mambo haikuniendea vile nilikuwa natarajia”, he uttered the words in his coastal accent.
I probed him further and discovered that after retirement he stuck around Nairobi, bought a matatu which was run down and which he later sold at a throw away price. The balance on the lumpsum he used to pays school fees for his daughters university education. Then I asked him why he is still around Nairobi whereas he could have gone to Taveta and live there. His response was totally unexpected. “Wajua huko kumekauka, hakuna cha kufanya wala sina nyumba huko so sioni haja ya kuenda huko”.

To cut the long story short, I discovered that he was in Nairobi doing nothing but drinking himself silly. In fact the 100 shillings he was asking for was most likely to end up in some changaa den. From boardrooms to the crazy matatu world and finally to the bizarre world of drunkards of illicit brew. In more likelihood, the destination of this man would be an early grave. But being a positive thinker, I felt there was a way out of his not so pleasant situation.

After all the instances of the dress downs he may have given me as my boss, his authority notwithstanding, I saw a man who had lost it and was probably just waiting to die and had to reverse the roles. After all, before I could release the few coins he so badly needed to quench his insatiable thirst of alcohol, I had to give him some harsh and hopefully helpful word. His is a classic case of a man who had lost it, one who failed to organize his life despite being in employment for long and earning some not so bad cash.

Next post will dwell on the advice I gave him and how best those in employment can prepare for retirement.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
chemos
#276 Posted : Friday, September 28, 2012 11:42:41 AM
Rank: Elder

Joined: 11/28/2006
Posts: 1,799
Marty wrote:
Retiring into the unknown

I have been missing in action due to exigencies of duty and tight schedules. We shall embark on the second series of financial education topics. It is my hope and desire that we shall learn and most importantly practise what we learn. Based on a request by a dear reader, we shall start with retirement planning.

Around 2 years ago, I met John somewhere in Donholm Estate. At first I had not recognized him, in fact you’d not blame me for not recognizing him. John was my former boss in some Parastatal that I worked for 2 years in my early working life. He was a good boss, big bodied and exuded loads of confidence. But wait, the John I met looked much slimmer and the pot belly had shrunk and he looked much older. He smelt of cheap alcohol and I could barely stand next to him coz of the stench. I could not believe my eyes.

“Boss, haki maisha imekuwa ngumu. Hebu nipatie soo kuna kitu nataka kuenda kununua”, he said. This is the guy who used to order me around and looked like he was generally doing well. What I was seeing was totally beyond me. Of course I was very keen to get to know when the rain started beating him. I requested him that we get to some food joint so that we get a chance to talk as we eat.

John’s story was as sad as they come. As soon as I left the Parastatal, he retired having reached the mandatory retirement age. John came from Taita Taveta and had worked for the Parastatal for all his working life.

“But I thought on being retrenched you got your handsome retirement package and you probably receive monthly pension”, I asked him. He confirmed that he received some cash to the tune of 1.6M lumpsum and he also was getting some monthly pension of around 15k. So I asked him what happened with the cash. “Kusema ukweli, mambo haikuniendea vile nilikuwa natarajia”, he uttered the words in his coastal accent.
I probed him further and discovered that after retirement he stuck around Nairobi, bought a matatu which was run down and which he later sold at a throw away price. The balance on the lumpsum he used to pays school fees for his daughters university education. Then I asked him why he is still around Nairobi whereas he could have gone to Taveta and live there. His response was totally unexpected. “Wajua huko kumekauka, hakuna cha kufanya wala sina nyumba huko so sioni haja ya kuenda huko”.

To cut the long story short, I discovered that he was in Nairobi doing nothing but drinking himself silly. In fact the 100 shillings he was asking for was most likely to end up in some changaa den. From boardrooms to the crazy matatu world and finally to the bizarre world of drunkards of illicit brew. In more likelihood, the destination of this man would be an early grave. But being a positive thinker, I felt there was a way out of his not so pleasant situation.

After all the instances of the dress downs he may have given me as my boss, his authority notwithstanding, I saw a man who had lost it and was probably just waiting to die and had to reverse the roles. After all, before I could release the few coins he so badly needed to quench his insatiable thirst of alcohol, I had to give him some harsh and hopefully helpful word. His is a classic case of a man who had lost it, one who failed to organize his life despite being in employment for long and earning some not so bad cash.

Next post will dwell on the advice I gave him and how best those in employment can prepare for retirement.



Applause Applause Applause Applause Applause

Every time i read ur posts it reminds me of the saying that " IT IS IN GIVING THAT U RECEIVE"

Keep up the good work bro..
youcan'tstopusnow
#277 Posted : Friday, September 28, 2012 3:58:44 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Great to have you back! Uko sawa boss
GOD BLESS YOUR LIFE
Kenyan Oracle
#278 Posted : Friday, September 28, 2012 6:00:05 PM
Rank: Member

Joined: 5/31/2011
Posts: 262
Welcome back Mwalimu Marty. Great to have you back. Had requested for the retirement planning edu. Anxiously waiting to read the piece of advice on this.
You lose money chasing women, but you never lose women chasing money - NAS
youcan'tstopusnow
#279 Posted : Friday, September 28, 2012 6:24:32 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Kenyan Oracle wrote:
Welcome back Mwalimu Marty.

'Mwalimu Marty'.Laughing out loudly
What a great name! He is deserving of the title, no doubt!
GOD BLESS YOUR LIFE
Marty
#280 Posted : Monday, October 01, 2012 10:44:23 AM
Rank: Veteran

Joined: 3/31/2008
Posts: 761
Location: Nairobi
Retiring into the Unknown Cont'd

John was a rather creative character and always won arguments, the type of guys who will always have a final word in any argument. However, he looked frail and was curiously listening to me. It is not easy to advise a guy who was my manager at some point coz in his head he still had the mentality that am junior to him in terms of years and everything else. However, knowing his status at that point in time, I felt obliged to just say what I had in mind just to get the feeling that I did something to save the situation.

And so I asked him, “why are you so convinced that life in Taveta will be too hard for you, aren’t there happy and rich men there, what is it they do?” He gazed at me and retorted, “my good friend, it is not as easy as it looks. People in the village know that I was a big shot in the Parastatal, I even assisted a few to get employment there. Going back to the village and having nothing to do there would not augur well for me. It is complicated because at the moment I am reliant on my daughter a lot who pays the rent and buys food.”, he concluded.


I realized that it was even tougher for me to convince him otherwise. However, I insisted that he had to humble himself, swallow his pride and map out a way out of his quagmire. I told him to compare his current status that seemed to be inviting death and the option of going to the village where he would grow old gracefully watching his grand children grow. After all, the villagers will always talk, whether you are doing well or not. Macho ya chura hayo. After much probing, I realized that he actually owned a 3 acre piece somewhere in Taveta where his wife was residing. The land was idle. He further disclosed that his wife was working in some sisal farm as a farm hand and the last she saw of her was 2 years ago. I jokingly asked him whether he has a side dish of which he laughed uncontrollably and finally said that those things I feel them no more….whatever that meant.

The John I knew at the workplace was a creative guy who would get a solution to all manner of issues. I recounted how he used to motivate us and insisting that we should always think outside the box. I told him that it was his turn to think outside the box. You surely must get a solution to your mess. If you don’t, who will? I reminded him that in life, the biggest issue it to conquer oneself. The biggest stumbling block is what you have fed your mind. It was thus important that you start seeing yourself rising above this challenge.

Analyzing his scenario, I made him realize that he was adding no value in his life by hanging around Nairobi where cost of living was really high and of course drinking off his frustrations was tantamount to burying his head in the sand. Realizing that I had no much time left before proceeding to my earlier destination, I posed and asked him the big question. “What do you think are the practical steps that you can take to get things going?”

It took him some hard thinking but he amazingly recounted what he would do. In summary he mentioned the following:
1. That he’d go back to the village, after all he all along knew that he was doing nothing in Nairobi.
2. That he’ll convince the daughter who has been supporting her to give her some capital injection aimed at doing something of economic value on his 3 acre piece in Taveta. Further, the few expected monthly pension amounts would go towards boosting what he’ll decide to do with at the farm and also build a simple house at the farm.
3. Regarding drinking, he said that it would not be easy to stop but he’d at least stop taking the illicit type. Fair enough I thought.
The jokingly I asked him how he’ll deal with the villagers who thought he is a rich big man in Nairobi…He laughed and noted that he’ll distort the truth and tell them that he opted to trade his usual life of big cars and posh life in Nairobi to settling in the village now that he needed a breath of fresh air and to grow old gracefully.

I started feeling like I had achieved something, so after paying the bills, I stood and waved him goodbye but he stopped me and reminded me of the 100 shs he had earlier requested. I had been so engrossed in the conversation and had forgotten that bit. I removed a 1000 shs note, gave him and told him to mind what he had just said regarding the solution to his issues and was quick to remind him that one of the resolutions was to quit illicit brew. With the widest of grins, he said that 1k is more than enough for a few bottles of Tusker.

I took his cell phone number and quickly disappeared into the horizon hoping against hope that I he will take it upon himself to refocus his life and do something meaningful in his sunset years.

How many Johns do we have with us, some are our fathers, uncles, aunts, brothers, sisters and mothers? Troubles of the retired who never prepared well in advance. Where I come from, there is a proverb that says something to the effect that a tree is only shaped when it is small. We must plan for retirement and early enough.

In the next post we explore how best we can plan for retirement and actually retire early.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
60 Pages«<2627282930>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.