wazua Thu, May 7, 2026
Welcome Guest Search | Active Topics | Log In

3 Pages<123>
Earning a coin or two
tycho
#11 Posted : Thursday, December 08, 2011 11:31:59 AM
Rank: Elder

Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
I'd suggest that you give him a few lessons on how banks operate and how people are supposed to relate with them. Then let him run his account as he deems fit while you nudge him slowly towards enterpreneurship by being a model.
mnjoro
#12 Posted : Thursday, December 08, 2011 11:34:49 AM
Rank: Member

Joined: 2/21/2009
Posts: 573
@ Wendz
Are these your grandchildren?Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Kumbe you are on our league.Have a second opinion of @Guka and @Njung'e.
Having said that whatever payment you are to do,don,t give them the cash instead let them know they have earned something and they record.
You can later discuss on what to do.
Wendz
#13 Posted : Thursday, December 08, 2011 11:35:27 AM
Rank: Elder

Joined: 6/19/2008
Posts: 4,268
bwenyenye wrote:


No one should be paid for doing house work. (and that includes kufungua gate I will reconsider that.... I might as well honk it out ... seriously) . I imagine you really want them to learn how money works not necessarily them earning money I do want them to learn how money works.... and how to earn it.... he has a piggy bank that i have been feeding and was thinking its time he starts understanding that money doesnt come "from the bank".... you have to earn it.... practically..... I am thinking in the lines of teaching them how to split incomes into saving,spending, how investing grows money Doesnt it sink more if done pratically? that's what i thoughtetc. A game like Monopoly would do well then gradually introduce them to the simple cashflow game. (Someone was selling it here sometime back).

But the greatest effect will be tagging them along to your investment meetings and those many plots you have bought and explaining to them why you did it Trust me, he can navigate some areas better than a GPS...smile . Even tell them the mistakes. You will be shocked how much they learn when they ask you deep questions three months on. Never underestimate the value of apprenticeship. Look at the Asians, the second to third generation are now the wealthiest men having learnt from going to the father's business after school and sitting at the till.

Wendz
#14 Posted : Thursday, December 08, 2011 11:39:39 AM
Rank: Elder

Joined: 6/19/2008
Posts: 4,268
mnjoro wrote:
@ Wendz
Are these your grandchildren?
Kumbe yyou are on our league.Have a second opinion of @Guka and @Njung'e.
Have said that whatever payment you are to do,don,t give them the cash instead let them know they have earned something and they record.
You can later discuss on what to do.


Wacha siasa kijana.... these are my daughter's children we are talking about....

noted on the highlight... now list here some ideas on what they need to do to earn that money they will be recording....
bwenyenye
#15 Posted : Thursday, December 08, 2011 11:48:22 AM
Rank: Elder

Joined: 5/24/2007
Posts: 1,805
Wendz wrote:
bwenyenye wrote:


No one should be paid for doing house work. (and that includes kufungua gate I will reconsider that.... I might as well honk it out ... seriously) . I imagine you really want them to learn how money works not necessarily them earning money I do want them to learn how money works.... and how to earn it.... he has a piggy bank that i have been feeding and was thinking its time he starts understanding that money doesnt come "from the bank".... you have to earn it.... practically..... I am thinking in the lines of teaching them how to split incomes into saving,spending, how investing grows money Doesnt it sink more if done pratically? that's what i thoughtetc. A game like Monopoly would do well then gradually introduce them to the simple cashflow game. (Someone was selling it here sometime back).

Quick suggestion. Buy from him/her some of your daily purchases. e.g Milk. Let them find out how much it cost in the neighbourhood kiosk. Let them buy it using their cash ( saving) then you buy it back when you get home. With a margin of no more than 5%. That way they see how 50 bob becomes 55 bob and keeps growing everyday.

But the greatest effect will be tagging them along to your investment meetings and those many plots you have bought and explaining to them why you did it Trust me, he can navigate some areas better than a GPS...smile . Even tell them the mistakes. You will be shocked how much they learn when they ask you deep questions three months on. Never underestimate the value of apprenticeship. Look at the Asians, the second to third generation are now the wealthiest men having learnt from going to the father's business after school and sitting at the till.


I Think Therefore I Am
mnjoro
#16 Posted : Thursday, December 08, 2011 11:49:49 AM
Rank: Member

Joined: 2/21/2009
Posts: 573
Wendz wrote:
mnjoro wrote:
@ Wendz
Are these your grandchildren?
Kumbe yyou are on our league.Have a second opinion of @Guka and @Njung'e.
Have said that whatever payment you are to do,don,t give them the cash instead let them know they have earned something and they record.
You can later discuss on what to do.


Wacha siasa kijana.... these are my daughter's children we are talking about....

noted on the highlight... now list here some ideas on what they need to do to earn that money they will be recording....

With the current share trend,i would not advise they buy shares.Their souls are too young for disappointment.
The best i find working is you as the mother/grandmother bollowing the funds at a profit.That way you instill sense of saving and them trusting in you.
In future once you build that trust they will be consulting you in any endeavour they have.Mine are on the same league usijali.Mimi sio kijana ndi Muthuri wa mburi ungituma uge mbu.
kimiri
#17 Posted : Thursday, December 08, 2011 12:15:21 PM
Rank: Member

Joined: 3/12/2008
Posts: 215
Reminds me when we were kids. We used to rear rabbits and actually make some money out of it. Besides sale of animals, I used to have a big male that I hired out for breeding at a fee of 1 to 2 shilling each time.
mnjoro
#18 Posted : Thursday, December 08, 2011 1:10:27 PM
Rank: Member

Joined: 2/21/2009
Posts: 573
kimiri wrote:
Reminds me when we were kids. We used to rear rabbits and actually make some money out of it. Besides sale of animals, I used to have a big male that I hired out for breeding at a fee of 1 to 2 shilling each time.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly.And repeat job was chargeable.
'user'
#19 Posted : Thursday, December 08, 2011 1:23:31 PM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
mnjoro wrote:
kimiri wrote:
Reminds me when we were kids. We used to rear rabbits and actually make some money out of it. Besides sale of animals, I used to have a big male that I hired out for breeding at a fee of 1 to 2 shilling each time.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly.And repeat job was chargeable.


Laughing out loudly Laughing out loudly Laughing out loudly

Reminds me too,in Londokwe , as herdsboys we used to tie a piece of skin under the belly of male sheep when taking them to have water at the dams.When a neighbour's she-sheep wanted an 'injection', we would untied the skin at a fee(several 10 cents ).
2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
kimiri
#20 Posted : Thursday, December 08, 2011 2:17:06 PM
Rank: Member

Joined: 3/12/2008
Posts: 215
@user. Awesome! Making money kwa kuvalisha mbuzi makobosto.
3 Pages<123>
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.