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The power of financial education
ndirangum
#361 Posted : Friday, November 09, 2012 11:18:27 AM
Rank: Hello


Joined: 11/6/2012
Posts: 3
Also include me patesh at gmail dot com
A little sleep, a little slumber, a little folding of hands to rest and poverty will come on you like a bandit and scarcity like an armed man Proverbs 24:33-34
Marty
#362 Posted : Friday, November 09, 2012 12:07:13 PM
Rank: Veteran


Joined: 3/31/2008
Posts: 761
Location: Nairobi
wairegi wrote:
Marty;

This information is giving us freely here is priceless. No wonder the saying that the best things in life are free.

Please send me the this gikungu at gmail dot com


For those who are requesting for the summaries, I'll post them somewhere and provide the link
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
msonia
#363 Posted : Friday, November 09, 2012 1:16:25 PM
Rank: Hello


Joined: 2/15/2012
Posts: 6
include me in your mail list muthonijw@gmail.com quite inspiring stuff
King G
#364 Posted : Friday, November 09, 2012 1:28:19 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
weka mimi pia; george.kingg(at)yahoo(dot)com
Thieves
Mbithi
#365 Posted : Friday, November 09, 2012 2:35:45 PM
Rank: Member


Joined: 9/22/2006
Posts: 24
Send me some too mdmbithi@gmail.com
lovenuffs
#366 Posted : Friday, November 09, 2012 2:46:02 PM
Rank: New-farer


Joined: 7/9/2012
Posts: 63
Mbithi wrote:
Send me some too mdmbithi@gmail.com



Kindly send me all the lessons to lovenuffs@gmail.com
If a free society cannot help the many who are poor, it cannot save the few who are rich.
selah
#367 Posted : Friday, November 09, 2012 3:37:58 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Hit me up on selah254(@)gmail(.)com
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Marty
#368 Posted : Friday, November 09, 2012 4:13:09 PM
Rank: Veteran


Joined: 3/31/2008
Posts: 761
Location: Nairobi
Guys,

Anyone who wants the summary for the topics, the files are in the link below. I'll compile the latest and post there.

https://groups.google.com/forum/#!topic/wazua/22iC-q4KUM0
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
mfadhili
#369 Posted : Friday, November 09, 2012 4:18:42 PM
Rank: New-farer


Joined: 3/29/2011
Posts: 14
@ Marty, i got a scenario that would need ua great counsel. My folks began investing in properties back in early 90s . thy acquired sme plots in the Nazarene area back in 93-94. At tht tym the plots were still in the mother title and they were still sellin the same in portions. so they got their certificates for the 4 plots all adding up to 1 acre from the selling company . flash forward to the present .where we went there sme time early this year and found 2 fenced the other still bare (,beacons still in place for all) thy figured thy wud use them . Now , when we went to inquire about the fencing of the plots at the office sellin the land . their register had diffrnt names for the owners of the plots and they said the person who sold the land no longer worked for the company selling the land and was sacked because of some irregularities back in the day . and after wards they had to re-write the register which (of course) doesnt include my folks names.they said they tried contacting everyone who had purchased land from them with regards to that property but ua guess is as good as mine they didnt have the contacts of th folks so they they said thy will curve out other property from some adjacent land in th same locality to compensate ...th question of when they don't have an answer and the alternative which cracked me to bits was that they refund past value as-was back in 93-94!! as compensation (i wonder if they saw the daipers and pacifier we all had on or the lack of brains...sorry, i digress). Now my question is how do I deal with this in 2 parts: 1- the plots that were fenced and one already had a foundation on the works how do i get to have them stop ?2- the vendor company how do we gt them to re instate the names of the folks as the register is to be taken to lands for issuance of titles . ? Recall that the certificates that were issued were valid and i believe the company is legally bound by them regardless of whether an employee misbehaved while on duty he still was the representative of the company .sale agreements are also on hand . wht to do ...wht to do (my take: the vendors are just greedy saw, sme parcels not occupied then decided to re-sell...i dnt know , me thinks)
Mbithi
#370 Posted : Friday, November 09, 2012 4:46:14 PM
Rank: Member


Joined: 9/22/2006
Posts: 24
Marty wrote:
Guys,

Anyone who wants the summary for the topics, the files are in the link below. I'll compile the latest and post there.

https://groups.google.com/forum/#!topic/wazua/22iC-q4KUM0

How do i access them on google groups?
Marty
#371 Posted : Friday, November 09, 2012 4:52:43 PM
Rank: Veteran


Joined: 3/31/2008
Posts: 761
Location: Nairobi
mfadhili wrote:
@ Marty, i got a scenario that would need ua great counsel. My folks began investing in properties back in early 90s . thy acquired sme plots in the Nazarene area back in 93-94. At tht tym the plots were still in the mother title and they were still sellin the same in portions. so they got their certificates for the 4 plots all adding up to 1 acre from the selling company . flash forward to the present .where we went there sme time early this year and found 2 fenced the other still bare (,beacons still in place for all) thy figured thy wud use them . Now , when we went to inquire about the fencing of the plots at the office sellin the land . their register had diffrnt names for the owners of the plots and they said the person who sold the land no longer worked for the company selling the land and was sacked because of some irregularities back in the day . and after wards they had to re-write the register which (of course) doesnt include my folks names.they said they tried contacting everyone who had purchased land from them with regards to that property but ua guess is as good as mine they didnt have the contacts of th folks so they they said thy will curve out other property from some adjacent land in th same locality to compensate ...th question of when they don't have an answer and the alternative which cracked me to bits was that they refund past value as-was back in 93-94!! as compensation (i wonder if they saw the daipers and pacifier we all had on or the lack of brains...sorry, i digress). Now my question is how do I deal with this in 2 parts: 1- the plots that were fenced and one already had a foundation on the works how do i get to have them stop ?2- the vendor company how do we gt them to re instate the names of the folks as the register is to be taken to lands for issuance of titles . ? Recall that the certificates that were issued were valid and i believe the company is legally bound by them regardless of whether an employee misbehaved while on duty he still was the representative of the company .sale agreements are also on hand . wht to do ...wht to do (my take: the vendors are just greedy saw, sme parcels not occupied then decided to re-sell...i dnt know , me thinks)



This is a sad but a common scenario. I know my grandfather bought some plots which we lost in a similar manner. From a legal point of view, you can lay claim for the plots especially with the documents issued by the company including proof of payment via receipts and all. It seems the company has accepted that there was grabbing and are promising to pay you guys back. I think if you act tough and insist that you want your plots back, they should re-allocate the other guys the plots they are promising you. Worst case would be you accept the plots they are promising as long as they are four and near the ones your folks bought. If the said plots they want to compensate you with have titles and are owned by someone else, it is a better bet coz you can transfer the ownership immediately as opposed to being embroiled in the waiting game for the titles in the bigger scheme. Just weigh your options but I think you are even lucky coz u will not end up empty handed.

Most of these land buying company became messy at some point and officials grab plots and you'll always hear of killings arising from leadership battles, think Mbio Kamiti and similar schemes.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
Am
#372 Posted : Saturday, November 10, 2012 10:33:31 AM
Rank: Veteran


Joined: 2/21/2012
Posts: 1,739
@Marty, I agree with you. @Mfadhili and folks should be happy they are getting something and not walking empty handed. The Situation would have been different if the land buying company was Mbo I Kamiti or Embakasi RanchingShame on you , you would even end up roughed up or killed for claiming what rightly belongs to you.

On a diferent note, I still can't understand some things. How do you buy a piece of land using hard earned cash and not go check it out in 19 years???

If I bought a 10 x 5 Yard plot in Lokichogio, Maralal, Garissa etc, I would go see it twice a year.
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
mfadhili
#373 Posted : Monday, November 12, 2012 12:58:39 PM
Rank: New-farer


Joined: 3/29/2011
Posts: 14
@ Marty thanks for the heads up!! will follow up on them
@Am different mind sets and of course different playing field. U and me know that a free plot can change ownership overnight thats y fencing ain't enough we have to excavate a plot to prevent encroachment !! as old skul as they are i figured they thought things were as rosy as back then . but trust me that was a wake up call !! alot has come out of the woodwork .
Marty
#374 Posted : Monday, November 12, 2012 3:44:20 PM
Rank: Veteran


Joined: 3/31/2008
Posts: 761
Location: Nairobi
100 million Cheque Final Part

The Merc was no more and off it went with the flashy life. Mark thus got a bit of cash from the proceeds of the sale. He knew that the small cash available to him would make or break him; it could tip the scale between absolute poverty and recovery. Remember the story of that widow of Zarephath and Elijah and that handful of flour in a jar and a little olive oil in a jug? After much thinking, it took Mark a week or so to decide what to do with the cash. It finally dawned on him that his recovery was pegged in reviving the fortunes of his ailing firm. He thus decided to revamp the firm by investing in advertising and popularizing his services.

He went knocking on doors of companies seeking to sell his services; after all this is a skill he had acquired while selling insurance to strangers. Of course it was never easy but the guy is kinda convincing; the type that would remove a snake from its hiding (kutoa nyoka pangoni). In a few months his marketing drives started to pay off and clients starting coming. His fortunes started to change for the better. He had a clear plan on his business and set targets. On a good week, he’d make as much as half a million after expenses coz he started getting high profile clients (managers and business owners)

Mark went to the back to the basics of financial prudence. He embraced the basic but simple concepts of financial management. You know most people fail to understand that the road to financial freedom is one that requires very basic knowledge. Isn’t it easy to understand that you must spend less than you earn?? Anyway, he managed to dramatically improve his finances by embracing frugality.

The other big change he had in his life was to become a staunch Christian. He quit drinking and left the bad company. Actually most of his friends had already left him. He slowly got better friends and soon after walked down the aisle. Sometimes we underestimate the strength of friends and the motivation one can derive from a supportive spouse.

With better fortunes he managed to buy 2 plots at Garden estate. He built his family’s abode in one of them. The other plot he did the guest houses which were almost completed from what I saw. I noted how positive the man had become. He was constantly pausing to remind us of how God has blessed him. He could radiate the feel good factor to the two of us and I could from his tone that this was a man who had deep lying passion that can only be seen in people destined for greatness.

Then out of blues I asked him whether he finally paid himself the 100M. He looked up and told us that indeed he has never had cash in the bank anywhere close to 100M. However, the valuation of the guest houses alone together with the land was around 120M. So in his own words his wealth more than showed that he had earned the 100Million.

Paul jokingly asked him why he was driving a Toyota Wish being that wealthy. The man rose from his seat and his response was telling, “My friends, I have driven the big ones and I can assure you that it is no big deal. In fact sometimes back I met one of my former drinking buddies who asked me what I was wishing for now that am driving a Toyota wish. Someday I’ll drive the big ones again but I need to ensure that systems are in place that generate enough to sustain the big ones”.

I realized the transformation the man had gone through and it was amazing. It took him as many as 9 years to hit the target but at least he did. I noticed how he had a grip of his life and how he had rediscovered his dream and kept it alive despite falling. Often we fall but we forget to rise up, dust ourselves and proceed with our journey with lessons to boot.

We finally left Mark’s place at 9pm and it is then I remembered how tired I was but the absorbing story more than refreshed me. I left knowing that there was need to stretch my imaginations and pay myself big….a few hundred millions would do for starters…QED, isn’t it?

Next post we'll talk about misers, I know one and his story is out of this world.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
Am
#375 Posted : Tuesday, November 13, 2012 12:03:48 PM
Rank: Veteran


Joined: 2/21/2012
Posts: 1,739
@Marty. How edifying.
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
Marty
#376 Posted : Thursday, November 15, 2012 10:15:04 AM
Rank: Veteran


Joined: 3/31/2008
Posts: 761
Location: Nairobi
Miser, pinchpenny and stingy Part 1

He is one of the strangest human beings I know; surely he must be. This guy is my first cousin so I know his background and his path to his current status. He is much older than me, in his late 40’s. Some of us hail from very large families (nuclear), after all ten kids was no joke even then, but this dude has 6 brothers and 5 sisters. Theirs was a life where even basic needs were hard to come by. He finished primary school, did two years of high school then dropped out for lack of fees.

He got his first job as a farmhand to take care of a rich man’s pigs. Rich men who owned cars in the village were few and far between. I vividly remember him atop a Toyota Stout, whose front design looked like a pig. Together with the son of the rich man who used to drive the Stout, they’d pick left over foods from some big hotels in Nairobi and deliver them for the pigs to feast on. He took care of the pigs for some time till he was promoted to deliver saw dust to homes; you know the saw dust that has always been used as bedding for chicken. The rich in the village deal with strange products and services, things that the elite in Nairobi will never think of.

This cousin of mine worked his socks off for several years and was saving a lot. He eventually quit his job as a farmhand and bought an old taxi. Back then the shilling had a bit of value, it costed him 17k. Those loudmouths in the village were even taunting him that he purchased the taxi with a bag full of coins. U know those funny taxis in the village which have seen better years; the ones when inside you feel like you are outside, very dusty and if it rains you are rained on. The starter is a set of wires, the driver has to carry water coz the thing can chemka anytime. Those vehicles (if we can call them so) are just strange, what with a Mercedes side mirror, Peugeot carburetor, stools for seats and the body of a Colt…and the mabatis on the body if they ever cut you, you’d get tetanus.

As a taxi operator he started displaying strange tendencies, like eating an orange for lunch, mandazis and chai for supper, walking around in faded shirts all in the name of saving. For this man, extracting a shilling off him was tantamount to milking a bull. He was as stingy as they come. Maybe because life had previously been harsh on him.. You may have heard about that hardware guy somewhere in Kabete (his name with-held) who once collapsed and when taken to hospital, the doctor advised him to eat. I could see from far that my cousin was headed there.

Someday I met the fellow as I was heading home from high school on my mid-term. Knowing that he was doing well as a taxi operator, I requested him to buy me a cup of tea. He jokingly said (or so I thought) that we will go take tea and I will pay for it; after all the kidogo pocket money l had in my pockets would be enough for two cups of tea. We went to the café and enjoyed the cup of tea, but when the bill was brought, he insisted that I had to pay. You see I thought he was just joking but I was in for a rude shock and I ended up paying for it….

This fellow never ceases to amaze me. He however continued with his saving habit till he managed to buy an old Nissan to ferry horticultural products for small scale farmers to City Market. When I pass by the City Market it reminds me of so many things. I went to a high school that taught Aviation and my dad thought that I’d finally live my dream as a pilot. When I landed there, I opted to study Agriculture to the shock of my dad after I realized that everyone was fighting to study Aviation; I like swimming against the current. Immediately after high school and for lack of something else to do, I used to farm in a small scale those horticultural products on the river bed and on maturity I’d take them to City Market. So I was a customer to this cousin of mine for some time till I went to Campus. And by the way, I almost declined to go to Campus as I was really doing well with my farming. Actually were it not for my dad who actually thought I was nuts, I’d be a big rich farmer by now. I may never know whether it was a wrong or correct decision.

In the next post, I will tell you more about this strange cousin of mine; someday he told me that a jalopy I was driving was his dream car, and as of the car he drives now I’ll leave it to your imaginations.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
wilyum
#377 Posted : Thursday, November 15, 2012 10:38:57 AM
Rank: Veteran


Joined: 12/21/2011
Posts: 1,010
@marty good work u doing,
Mbithi
#378 Posted : Thursday, November 15, 2012 11:26:04 AM
Rank: Member


Joined: 9/22/2006
Posts: 24
@ Marty this one cracked me reminds me of one of my siblings...Waiting to read on Chamas as well.How is James doing now?
Fyatu
#379 Posted : Thursday, November 15, 2012 1:54:07 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
good job Marty.....on a lighter side, i must mention that i have noticed you love tea...almost all your anectodes have the word tea in themsmile
Dumb money becomes dumb only when it listens to smart money
Mbithi
#380 Posted : Thursday, November 15, 2012 2:18:03 PM
Rank: Member


Joined: 9/22/2006
Posts: 24
Fyatu wrote:
good job Marty.....on a lighter side, i must mention that i have noticed you love tea...almost all your anectodes have the word tea in themsmile

Very true Fyatu.....hehehehehe.....
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