[quote=winmak]Nice thread... But it makes me feel old[/quote]

hahaha......uko third floor kwani

[quote=wukan]wait till you get to mid-life crisis you will see pressure.

Just save as much as you can while you are still young-compound interest will be your true shelter

Then focus on getting a house everything else is secondary[/quote]

The wisdom here is immeasurable.

I also add this;
- Have a vision and motivate yourself. Define where you want to be at various time measures. Define this so clearly e.g I want to have 500,000/= in passive income by age this. Surround yourself with people and content that reminds you of your vision. I highly recommend alux.com on youtube and elsewhere.

- Formulate a credible plan on how to work towards that vision. SWOT analysis and SMART goals.

- Get the right education. That postgraduate degree is nice and will get some doors unlocked but financial and economic education is the main focus here. I have made thousands and have watched millions being made here on the back of simple common sense and discipline. The academic education provides capital, but self-education in business, finance and economics will multiply that capital many times over. Look for posts by Karasinga, the guy on Elliot wave analysis, StockMaster, Cde Monomopata, the posts on real estate, the posts on business failure etc

- Have mentors. They don't even have to know they are your mentors, but get interested in them. How did they make their wealth? What projects are they doing now? How have they failed? and If you have the courage, get rid of the ego and get into contact with them.

- Find a good woman who can adopt your vision or whose vision you can adopt. Pole pole. Do not be scared to be lonely. This is the greatest investment you will ever make as a heterosexual male who intends to get married. Make sure communication between the both of you is near flawless on issues such as child birth, standards of living, goals and vision.

- Understand that health, time and compound interest are your best friends. Love them first before loving anyone and anything else.

Do this, and 10 years from now, your will thank yourself for not giving a shit about what your other 28 year olds are doing.

[quote=Muthawamunene][quote=wukan]wait till you get to mid-life crisis you will see pressure.

Just save as much as you can while you are still young-compound interest will be your true shelter

Then focus on getting a house everything else is secondary[/quote]

The wisdom here is immeasurable.

I also add this;
- Have a vision and motivate yourself. Define where you want to be at various time measures. Define this so clearly e.g I want to have 500,000/= in passive income by age this. Surround yourself with people and content that reminds you of your vision. I highly recommend alux.com on youtube and elsewhere.

- Formulate a credible plan on how to work towards that vision. SWOT analysis and SMART goals.

- Get the right education. That postgraduate degree is nice and will get some doors unlocked but financial and economic education is the main focus here. I have made thousands and have watched millions being made here on the back of simple common sense and discipline. The academic education provides capital, but self-education in business, finance and economics will multiply that capital many times over. Look for posts by Karasinga, the guy on Elliot wave analysis, StockMaster, Cde Monomopata, the posts on real estate, the posts on business failure etc

- Have mentors. They don't even have to know they are your mentors, but get interested in them. How did they make their wealth? What projects are they doing now? How have they failed? and If you have the courage, get rid of the ego and get into contact with them.

- Find a good woman who can adopt your vision or whose vision you can adopt. Pole pole. Do not be scared to be lonely. This is the greatest investment you will ever make as a heterosexual male who intends to get married. Make sure communication between the both of you is near flawless on issues such as child birth, standards of living, goals and vision.

- Understand that health, time and compound interest are your best friends. Love them first before loving anyone and anything else.

Do this, and 10 years from now, your will thank yourself for not giving a shit about what your other 28 year olds are doing.
[/quote]

Good stuff here bro, you have spoken like 10 elders of Nchuri Ncheke, thank you for your wise words.... i will do that.

[quote=muganda]Waaah! Spare a moment to go through https://twitter.com/hashtag/nyakundisaidno?f=images empowering :-D :-D

The day the Kenyan young man decides to think with his head first is the day he will begin the journey to liberation.[/quote]
:-d :-d :-d :-d :-d

[quote=UpcomingPaperChaser]At 28, i am in a dilemma just like thousands of other youths out there:

1. At 28, there is pressure to start a family more so compounded when you see your former collegemates taunting their toddlers on social media.

2. You need to buy a good car, image matters. at least an NZE and above.

3. You must have completed or be in the process of acquiring post graduate education.

4. You must have one or 2 plots somewhere, for the lucky ones, if you bought early enough, you must have built.

5. Friends, relatives and parents support, at least 5k monthly.

6. You must be living in a well furnished house

Hii pressure imezidi.....dont know where to start from or where to end!!![/quote]
Allow me to add the following:
Draw up a budget and do your best to abide by it
Spoil yourself from time to time.
Don't borrow to buy a depreciating asset like a car. If you must borrow, at least have most of the money for it already saved up.
Set financial goals- don't just save without a long term plan
Have multiple income streams. You'll need more money over the years to fund the same lifestyle due to inflation