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How to build Wealth in Kenya- Please share experience

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Invepreneur		#1 Posted : Wednesday, January 30, 2019 4:06:04 PM
Rank: New-farer Joined: 12/14/2015 Posts: 29		Was Just browsing around and realized I am at Stage 1 of wealth building as defined in this article -LINK A long read #copied Stage 1 – POOR - this is where your annual expenses are equal your income Stage 2 – COMFORT ZONE - this is where your annual expenses are lower than your income. As a result, you are running a surplus budget. Stage 3 – PREPARATION - this is where you generate a surplus budget, and you have managed to dispose of all or almost all your bad debt Stage 4 – ASSET BUILDING - Asset Building - this is where you have managed to use your surplus budget to buy assets that generate additional income over time Stage 5 – FREEDOM - Stage Five - this is where you have acquired enough assets that they pay entirely for your expenses The hot stock is the one that everyone thinks that everyone else thinks....is the hot stock (Dixit & Nalebuff, 2008).
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Ebenyo		#2 Posted : Thursday, January 31, 2019 10:32:24 AM
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale		Invepreneur wrote: Was Just browsing around and realized I am at Stage 1 of wealth building as defined in this article -LINK A long read #copied Stage 1 – POOR - this is where your annual expenses are equal your income Stage 2 – COMFORT ZONE - this is where your annual expenses are lower than your income. As a result, you are running a surplus budget. Stage 3 – PREPARATION - this is where you generate a surplus budget, and you have managed to dispose of all or almost all your bad debt Stage 4 – ASSET BUILDING - Asset Building - this is where you have managed to use your surplus budget to buy assets that generate additional income over time Stage 5 – FREEDOM - Stage Five - this is where you have acquired enough assets that they pay entirely for your expenses All these steps are possible through descipline,determination and hardwork.Its not easy,it requires a real commitment. Towards the goal of financial freedom
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Angelica _ann		#3 Posted : Thursday, January 31, 2019 10:36:15 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,908		Supply county government with anything, anything my fren!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ericsson		#4 Posted : Thursday, January 31, 2019 10:43:34 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		Invepreneur wrote: Was Just browsing around and realized I am at Stage 1 of wealth building as defined in this article -LINK A long read #copied Stage 1 – POOR - this is where your annual expenses are equal your income Stage 2 – COMFORT ZONE - this is where your annual expenses are lower than your income. As a result, you are running a surplus budget. Stage 3 – PREPARATION - this is where you generate a surplus budget, and you have managed to dispose of all or almost all your bad debt Stage 4 – ASSET BUILDING - Asset Building - this is where you have managed to use your surplus budget to buy assets that generate additional income over time Stage 5 – FREEDOM - Stage Five - this is where you have acquired enough assets that they pay entirely for your expenses Excellent article Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Mbarire_2019		#5 Posted : Sunday, February 03, 2019 4:51:55 PM
Rank: New-farer Joined: 1/27/2019 Posts: 55 Location: Nbo		Ericsson wrote: Invepreneur wrote: Was Just browsing around and realized I am at Stage 1 of wealth building as defined in this article -LINK A long read #copied Stage 1 – POOR - this is where your annual expenses are equal your income Stage 2 – COMFORT ZONE - this is where your annual expenses are lower than your income. As a result, you are running a surplus budget. Stage 3 – PREPARATION - this is where you generate a surplus budget, and you have managed to dispose of all or almost all your bad debt Stage 4 – ASSET BUILDING - Asset Building - this is where you have managed to use your surplus budget to buy assets that generate additional income over time Stage 5 – FREEDOM - Stage Five - this is where you have acquired enough assets that they pay entirely for your expenses Excellent article Hii STAGE 5 naiombea Sana niifike
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Swenani		#6 Posted : Monday, February 04, 2019 12:07:29 PM
Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum		Mbarire_2019 wrote: Ericsson wrote: Invepreneur wrote: Was Just browsing around and realized I am at Stage 1 of wealth building as defined in this article -LINK A long read #copied Stage 1 – POOR - this is where your annual expenses are equal your income Stage 2 – COMFORT ZONE - this is where your annual expenses are lower than your income. As a result, you are running a surplus budget. Stage 3 – PREPARATION - this is where you generate a surplus budget, and you have managed to dispose of all or almost all your bad debt Stage 4 – ASSET BUILDING - Asset Building - this is where you have managed to use your surplus budget to buy assets that generate additional income over time Stage 5 – FREEDOM - Stage Five - this is where you have acquired enough assets that they pay entirely for your expenses Excellent article Hii STAGE 5 naiombea Sana niifike You could be there but unaware If Obiero did it, Who Am I?
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Mucher		#7 Posted : Wednesday, February 13, 2019 2:58:47 PM
Rank: New-farer Joined: 1/15/2019 Posts: 33		I find this article very useful, as it summarizes nicely steps for reaching final goal and that is financial independence called freedom. It is really great feeling when you manage to build and diversify your finances in a manner to cover all your expenses. It takes time, but I think is reachable
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nashx		#8 Posted : Friday, February 15, 2019 3:21:54 PM
Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi		See my personal finance lessons providing a Kenyan context on how to build wealth. The first 4 lessons are ready and cover how to invest in Money Market Funds in Kenya https://nashthuo.com/money-market-funds-kenya/ Offering my personal finance knowledge for free
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kayhara		#9 Posted : Friday, February 15, 2019 4:12:28 PM
Rank: Veteran Joined: 5/5/2011 Posts: 1,059		I think I am at stage -1 where my income is several times less than my monthly obligations, balancing act but short lived I hope, being at step one in kenya is a big achievement at the moment To Each His Own
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