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The power of financial education
phantom
#391 Posted : Monday, November 19, 2012 1:29:10 PM
Rank: Member

Joined: 11/7/2009
Posts: 56
@Marty you missed my email phanto504atgmail.com. Thanks
Your boss's job is to give you a job. Its your job to make yourself rich
Mastermind
#392 Posted : Monday, November 19, 2012 8:09:42 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
Miser, pinchpenny and stingy reminds me of Moneyman in Half a day and other stories. But Mr. Moneyman has no match he's in league of his own.
Ion joining Campus was the right decision, If you had opted to become a farmer maybe you won't have joined wazua...
See you after the break.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
arkard
#393 Posted : Monday, November 19, 2012 11:12:13 PM
Rank: New-farer

Joined: 9/24/2012
Posts: 63
Mastermind wrote:
Miser, pinchpenny and stingy reminds me of Moneyman in Half a day and other stories. But Mr. Moneyman has no match he's in league of his own.
Ion joining Campus was the right decision, If you had opted to become a farmer maybe you won't have joined wazua...
See you after the break.

Haiya kumbe watu si wazee vile...
Above all, guard your heart, for it is the wellspring of life.
mawinder
#394 Posted : Sunday, November 25, 2012 7:48:19 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
@Marty,good work.please continue the series and email me The power of financial education part 3 and 4 to the following email address,pacecon2003@yahoo.com
Marty
#395 Posted : Tuesday, November 27, 2012 8:33:06 AM
Rank: Veteran

Joined: 3/31/2008
Posts: 761
Location: Nairobi
The underworld of Construction Part 1

I constructed and my final verdict is that everyone on that site was a thief unless they proved otherwise. You see these fellows thought that I had loads of cash (limitless) and all they wanted was to squeeze the most out of me, illegally and otherwise.

I set out to do my residential house with the little cash I had and hoped against hope that someday I’ll live in my own home. The dream came to pass but by the end of the project, I had some Solomonic wisdom regarding the dealings in that world; which I will share with you. The trusted hardware supplier stole in cohort with the clerk of works, the jua kali foreman stole, the timber guy based in Rongai stole, the KYMs stole cement, the fundis stole man hours and my rogue brother meant to assist reduce the pilferages also colluded with them that stole…but they only did it for a short time coz my eagle eyes and a bit of investigative skills and that mole, actually two of them helped me…Someday I woke up and decided enough was enough, slapped the foreman after a lengthy rebuke, fired all of them workers, sat down and reflected on the way forward, installed controls before resuming the construction….welcome to the underworld that construction has become.

It started with profiling of the house and using lime to mark where trenches were to be dug. No sooner than the markings were done, a gang of Mungiki youths showed up demanding to dig the trenches, in their own words, that work was set aside for them and no-one else. And you see they were to charge some fee 3 times compared to the usual charges from other KYMs…of course I told them I had no money and will call them when am ready only for them to show up a few days later and find the trenches already dug. Few threats here and there but they disappeared into thin air.

Then I met this guy who would supply everything in this world and dude is an architect by profession. Kamau will have a solution to all problems; he will get you fine sand from somewhere past Athi River, he’d hook you up with some cheap AFCO cement, he owns a lorry that he’d use to get foundation stones somewhere in Ruiru, ndarugu stones as well. Wait…Kamau knew where to also get some nice trees which we can split and get timber…actually that guy who prepares the timber is a good friend of his…this Kamau even had the best of painters and metal fabricators around. The interesting thing about Kamau is that he even proposed redesigning my house to make the roof better, space utilization…sijui nini…and so I asked him, “Kwani Kamau you know everything, what is you specialty?” I smelled a big rat here and avoided Kamau like a plague. And by the way he used to sniff snuff; that powdered tobacco…and that really put me off and so I dismissed him.

By the way, when they were digging those trenches for the foundation, it emerged that the hard rock was as many as 7 to 10 feet below ground level. You see when I flashed back to that time I was buying that kaplot and that agent who usually drinks himself silly showed me some rocky area within the plot and I thought that doing the foundation would be very easy on that plot only to be confronted by that thick layer of hard core stones upon digging the trenches. So this place was actually a quarry at some point, which was back filled with hard core stones and a layer of 1 foot thick cotton soil; so in other words what I bought was a quarry plot. This architect of mine who doubled up as a structural engineer returned a verdict that we could only suspend the house as opposed to doing 7 to 10 courses of foundation stones…..suspend the house..in the air or what?..I wondered. So he explained the concept of suspending…doing columns to the level of the hard rock, then some beams at ground level to support the walls..

Then I realized that not only had I got a raw deal of a plot, but I was in for some more surprises…most of them very costly….and I will tell you how I formed a habit of whistling subconsciously when confronted with those costly surprises…and this neighbor of mine who promised to give me water for koroga only for the wife to decline on the material day of koroga, having already assembled the team and machinery and my begging mission to salvage the situation that had boiled down to a teary fight between man and wife……more in the next post.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
Tito44
#396 Posted : Wednesday, November 28, 2012 12:11:09 PM
Rank: Member

Joined: 12/16/2008
Posts: 111
@Marty Ulimaliza kujenga hii nyumba kweli? Looking forward to the next post on how you managed to get around this
tinker
#397 Posted : Wednesday, November 28, 2012 3:41:17 PM
Rank: Member

Joined: 11/15/2010
Posts: 455
Location: Nairobi
Real world ! awaiting part 2. Finer architectural details are also welkam, as in the actual design of the hse, how many bedroom, what was its estimated budget and what it actually costed to finish
....He who began a good work in you will carry it on to completion..
Marty
#398 Posted : Thursday, November 29, 2012 11:36:57 AM
Rank: Veteran

Joined: 3/31/2008
Posts: 761
Location: Nairobi
The underworld of Construction Part 2

You know the BoQ (Bill of Quantities) is quite interesting. It contains costs which are not so big individually but when you add the figures up, the totals are massive. When the architect brought the BoQ, it was quite tricky to understand it, being the layman I was. I am surprised these days I can make a lot of sense from it. You see when it talks of substructure, superstructure, formworks, cubic meters for mass concrete, twisted bars etc.; it can dwarf your knowledge. I demanded that the guy supplies me with a schedule of materials which is much easier to understand. You see 5 lorries of sand, or Y8s, Y12s and the likes makes more sense to a layman.

Before it escapes me I recall that incidence when we were to cast the slab and my good neighbor who had promised to give me water; a circus it became. On the materials day, the koroga squad arrived by 6am and quickly set up the machinery, then they proceeded to carry cement from the site house and they emptied as many as 20 bags on the ground…by the way, the operations of this koroga squad is rather organized and interesting. The toughest guys will be somewhere they call “Chini ya mnazi”; just next to the concrete mixer and their role is to load mass concrete atop wheelbarrows. The lightweights will be assigned simple tasks like pouring water, cement, sand and ballast inside the mixer. Interesting these fellows know how to balance the ratios inside the mixer…don’t ask me how they co-ordinate, please observe. Back to my neighbor’s story: When some fellows went inside my neighbor’s compound to get water, the lady of the house came out with a machete claiming that the water was given without her authority. The man being a man wanted to show his authority and attempted to force the lady into submission but when the machete was wrestled from her, she started wailing and close the gate. She held onto the keys like her life depended on them. I had to utilize my negotiation skills but they never worked till I parted with some 2k to appease the lady and finally she gave in.

Life gets quite interesting. You know the same lady was once thrown out of the house by the husband and the dude disappeared to Western and switched off his phone. I found her outside the gate and she pleaded with me for some coins to take her to her Meru. Of course I remembered the water incident but decided to let it pass and I gave her cash enough to eat some meal and ferry her stuff to her shags.

Back to the construction of my house: You see I noted that I had lost it and fired all the workforce and I had to figure out how to move on. But I had to understand how these fellows were stealing from me. And so I confided in one fellow and he opened up. The fellow eventually became my mole. The chief architect of the thefts was none other than my own brother (who was to be my eye on the ground). He was a wolf in sheep’s skin. You see he knew what all the others were doing and he’d get a cut from each. He was the guy who was meant to confirm and receive supplies in my absence. Some of the deliveries were less and I’d pay for the expected full deliveries. It is very easy to receive 9 cements and pay for 10, after all the difference of one when already utilized is barely noticeable. The hardware guy would bill me for quantities which were not fully delivered. I’d only check on the delivery notes and assume that what was there was accurate. The foreman was also cheeky; he had two sites and would utilize some of the KYMs on the other site whereas I was the one paying them. Just before I arrived in the evening, I’d find them on my site and assume they worked the whole day. Poor me.

I knew the only way out was to install controls at all these levels. I also had to have a grip of the procurement process coz therein was the biggest loss. The controls worked wonders and I’ll outline them in the next post. However, this never prevented me from being conned by the timber guy in Rongai. This was my last loss but I learnt a lot from it. More in the next post.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
S.Mutaga III
#399 Posted : Thursday, November 29, 2012 11:41:09 AM
Rank: Member

Joined: 3/26/2012
Posts: 830
You forgot to add me to your ailing list....simonmaina71(at)gmail(dot)com
A successful man is not he who gets the best, it is he who makes the best from what he gets.
Pesa Nane
#400 Posted : Thursday, November 29, 2012 10:25:48 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
S.Mutaga III wrote:
You forgot to add me to your ailing list....simonmaina71(at)gmail(dot)com

Everything plus much much more are posted on WAZUA googlegroups. If you have not joined, please see earlier posts for details.smile Karibu.
Pesa Nane plans to be shilingi when he grows up.
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