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How did you make your first Kes million?
bennry
#301 Posted : Friday, November 11, 2016 1:57:56 PM
Rank: New-farer

Joined: 8/12/2016
Posts: 22
I am no millionaire, but am heading there. i am soon turning 27 but i have literally have nothing to show for the 4 yrs i have been working. I have drunk my ass off, partied and my biggest regret is having had to spend money on women and booze. My mistakes;
1.Women- i love women and women love money, not men. I think i would be a millionaire if settled with my 'Sanford chips'campus girlfriend. my biggest regret is not having a stable relationship.
2. Alcohol- if i had invested what i have spent on booze and entertaining girls on stocks i think i would have been on my path to be a millionaire
3. Friends- you are who your friends are.. i wish i had joined wazua earlier instead of klist. I wish i could chosen my friends wisely instead of having team mafisi as friends
4. Mentors- i think i should start hanging out with people who have achievers, people who inspire you and build you intellectually.
5. Live below your means- i drive a 2m car...and that's my one of my biggest regret. I wish i could have stuck with my first car that i had bought debt free.
I am trying to make amends to the mistakes i have done. I also believe that whatever i have done in the past will shape my future. I will take steps and in the next 2 yrs i will be worth over 5m. That's my goal.
sparkly
#302 Posted : Friday, November 11, 2016 2:23:16 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
bennry wrote:
I am no millionaire, but am heading there. i am soon turning 27 but i have literally have nothing to show for the 4 yrs i have been working. I have drunk my ass off, partied and my biggest regret is having had to spend money on women and booze. My mistakes;
1.Women- i love women and women love money, not men. I think i would be a millionaire if settled with my 'Sanford chips'campus girlfriend. my biggest regret is not having a stable relationship.
2. Alcohol- if i had invested what i have spent on booze and entertaining girls on stocks i think i would have been on my path to be a millionaire
3. Friends- you are who your friends are.. i wish i had joined wazua earlier instead of klist. I wish i could chosen my friends wisely instead of having team mafisi as friends
4. Mentors- i think i should start hanging out with people who have achievers, people who inspire you and build you intellectually.
5. Live below your means- i drive a 2m car...and that's my one of my biggest regret. I wish i could have stuck with my first car that i had bought debt free.
I am trying to make amends to the mistakes i have done. I also believe that whatever i have done in the past will shape my future. I will take steps and in the next 2 yrs i will be worth over 5m. That's my goal.


That's the typical life of a young man, below 28... Buy households, Pay rent, buy a car, party like hell.

Most people start buying tangible assets from 29.

Life is short. Live passionately.
Lolest!
#303 Posted : Friday, November 11, 2016 3:29:33 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Quote:
1.Women- i love women and women love money, not men. I think i would be a millionaire if settled with my 'Sanford chips'campus girlfriend.

Laughing out loudly Laughing out loudly Laughing out loudly
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Swenani
#304 Posted : Friday, November 11, 2016 3:46:08 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
bennry wrote:
I am no millionaire, but am heading there. i am soon turning 27 but i have literally have nothing to show for the 4 yrs i have been working. I have drunk my ass off, partied and my biggest regret is having had to spend money on women and booze. My mistakes;
1.Women- i love women and women love money, not men. I think i would be a millionaire if settled with my 'Sanford chips'campus girlfriend. my biggest regret is not having a stable relationship.
2. Alcohol- if i had invested what i have spent on booze and entertaining girls on stocks i think i would have been on my path to be a millionaire
3. Friends- you are who your friends are.. i wish i had joined wazua earlier instead of klist. I wish i could chosen my friends wisely instead of having team mafisi as friends
4. Mentors- i think i should start hanging out with people who have achievers, people who inspire you and build you intellectually.
5. Live below your means- i drive a 2m car...and that's my one of my biggest regret. I wish i could have stuck with my first car that i had bought debt free.
I am trying to make amends to the mistakes i have done. I also believe that whatever i have done in the past will shape my future. I will take steps and in the next 2 yrs i will be worth over 5m. That's my goal.


Do not regret, You can start off by selling your 2 mirrion car and buy a car matching your income(My rule of thumb is not to buy a car more than 50% of my annual income and spend less than 5% of my income in maintenance and running)


If Obiero did it, Who Am I?
mv_ufanisi
#305 Posted : Saturday, October 21, 2017 11:33:52 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
mv_ufanisi wrote:
Made my first million within a year after campus. Was working at the time but I decided to start a business on the side and just kept looking for jobs and tenders and applying for them. After about 4 months of endless applications, finally landed a small contract which I over delivered on and that led to another that paid 4.8million with me taking a 2mill profit in 2 months. I was barely 25 yrs old then. Invested 1M in a new business and 1M in the NSE, quit my job.


Fast forward 3 years later. I'm in a much better spot financially than I was in 2014.

I have learnt a few more lessons

1. It was a much better use of my time to start a business which I could control and had ultimate responsibility over than speculate on the NSE. This is especially as I saw how some company management on the NSE e.g. Centum give themselves huge bonuses while leaving shareholders high and dry. Also notice how most of the fortunes made at the NSE have been by business owners that listed companies not by speculators which also suggests that the best way to make money on the NSE is to build a company that eventually gets listed on the NSE. There is nothing worse than being a spectator on your investments when you could use your skills to improve your chances of success. It also helped me to avoid looking at the stocks every hour of the day and my mood going up and down with the market.
2. What you have to do is the following; identify a business with good fundamentals i.e. where it is not too difficult to make money and even average players are making money, ensure that your education, skills, personality, experiences and talent give you an unfair advantage in that business i.e. don't get into land just because everyone is getting into it. Find a niche where few can outcompete you.
3. Do your best to grow that business and stay disciplined and patient.
4. Think big and stay hungry
5. Keep some perspective. No matter how much money you make, there is a whole lot more to life than money. You still have to take care of other aspects of life such as your relationships, health and happiness.
6. Try to be lucky by always looking out for more information, learning from mentors etc. Luck does play a big part of it but most times you get lucky by trying to put yourself in situations where you could get lucky.


obiero
#306 Posted : Sunday, October 22, 2017 6:14:16 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,220
Location: nairobi
mv_ufanisi wrote:
mv_ufanisi wrote:
Made my first million within a year after campus. Was working at the time but I decided to start a business on the side and just kept looking for jobs and tenders and applying for them. After about 4 months of endless applications, finally landed a small contract which I over delivered on and that led to another that paid 4.8million with me taking a 2mill profit in 2 months. I was barely 25 yrs old then. Invested 1M in a new business and 1M in the NSE, quit my job.


Fast forward 3 years later. I'm in a much better spot financially than I was in 2014.

I have learnt a few more lessons

1. It was a much better use of my time to start a business which I could control and had ultimate responsibility over than speculate on the NSE. This is especially as I saw how some company management on the NSE e.g. Centum give themselves huge bonuses while leaving shareholders high and dry. Also notice how most of the fortunes made at the NSE have been by business owners that listed companies not by speculators which also suggests that the best way to make money on the NSE is to build a company that eventually gets listed on the NSE. There is nothing worse than being a spectator on your investments when you could use your skills to improve your chances of success. It also helped me to avoid looking at the stocks every hour of the day and my mood going up and down with the market.
2. What you have to do is the following; identify a business with good fundamentals i.e. where it is not too difficult to make money and even average players are making money, ensure that your education, skills, personality, experiences and talent give you an unfair advantage in that business i.e. don't get into land just because everyone is getting into it. Find a niche where few can outcompete you.
3. Do your best to grow that business and stay disciplined and patient.
4. Think big and stay hungry
5. Keep some perspective. No matter how much money you make, there is a whole lot more to life than money. You still have to take care of other aspects of life such as your relationships, health and happiness.
6. Try to be lucky by always looking out for more information, learning from mentors etc. Luck does play a big part of it but most times you get lucky by trying to put yourself in situations where you could get lucky.



Good for you @mv_ufanisi

KQ ABP 4.26
winmak
#307 Posted : Sunday, October 22, 2017 9:52:49 AM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
bennry wrote:
I am no millionaire, but am heading there. i am soon turning 27 but i have literally have nothing to show for the 4 yrs i have been working. I have drunk my ass off, partied and my biggest regret is having had to spend money on women and booze. My mistakes;
1.Women- i love women and women love money, not men. I think i would be a millionaire if settled with my 'Sanford chips'campus girlfriend. my biggest regret is not having a stable relationship.
2. Alcohol- if i had invested what i have spent on booze and entertaining girls on stocks i think i would have been on my path to be a millionaire
3. Friends- you are who your friends are.. i wish i had joined wazua earlier instead of klist. I wish i could chosen my friends wisely instead of having team mafisi as friends
4. Mentors- i think i should start hanging out with people who have achievers, people who inspire you and build you intellectually.
5. Live below your means- i drive a 2m car...and that's my one of my biggest regret. I wish i could have stuck with my first car that i had bought debt free.
I am trying to make amends to the mistakes i have done. I also believe that whatever i have done in the past will shape my future. I will take steps and in the next 2 yrs i will be worth over 5m. That's my goal.



Thanks @Bennry, over the years I have found such stories to be more inspirational than those happy go lucky success stories. I have learned a lot. Let us know how it turned out 6 years later
For investors as a whole, returns decrease as motion increases ~ WB
kryptonite
#308 Posted : Sunday, October 22, 2017 1:22:43 PM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
mv_ufanisi wrote:
mv_ufanisi wrote:
Made my first million within a year after campus. Was working at the time but I decided to start a business on the side and just kept looking for jobs and tenders and applying for them. After about 4 months of endless applications, finally landed a small contract which I over delivered on and that led to another that paid 4.8million with me taking a 2mill profit in 2 months. I was barely 25 yrs old then. Invested 1M in a new business and 1M in the NSE, quit my job.


Fast forward 3 years later. I'm in a much better spot financially than I was in 2014.

I have learnt a few more lessons

1. It was a much better use of my time to start a business which I could control and had ultimate responsibility over than speculate on the NSE. This is especially as I saw how some company management on the NSE e.g. Centum give themselves huge bonuses while leaving shareholders high and dry. Also notice how most of the fortunes made at the NSE have been by business owners that listed companies not by speculators which also suggests that the best way to make money on the NSE is to build a company that eventually gets listed on the NSE. There is nothing worse than being a spectator on your investments when you could use your skills to improve your chances of success. It also helped me to avoid looking at the stocks every hour of the day and my mood going up and down with the market.
2. What you have to do is the following; identify a business with good fundamentals i.e. where it is not too difficult to make money and even average players are making money, ensure that your education, skills, personality, experiences and talent give you an unfair advantage in that business i.e. don't get into land just because everyone is getting into it. Find a niche where few can outcompete you.
3. Do your best to grow that business and stay disciplined and patient.
4. Think big and stay hungry
5. Keep some perspective. No matter how much money you make, there is a whole lot more to life than money. You still have to take care of other aspects of life such as your relationships, health and happiness.
6. Try to be lucky by always looking out for more information, learning from mentors etc. Luck does play a big part of it but most times you get lucky by trying to put yourself in situations where you could get lucky.




Great advice @mv_ufanisi
3, 5 and 6 are highly recommended.
The harder you work, the luckier you get
Cornelius Vanderbiltt
#309 Posted : Friday, June 15, 2018 10:14:17 AM
Rank: New-farer

Joined: 6/8/2018
Posts: 35
how i made my first million ?? there you go (joke)

http://mawazo.byethost7....18&t=78&p=82#p82
winmak
#310 Posted : Friday, June 15, 2018 10:34:41 AM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
[quote=Cornelius Vanderbiltt]how i made my first million ?? there you go

http://mawazo.byethost7....8&t=78&p=82#p82[/quote]

Sasa hii ndio tunaita click bait Ama namna gani? I followed quickly only to be disappointed
For investors as a whole, returns decrease as motion increases ~ WB
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