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How did you make your first Kes million?
Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Prime wrote:@Essyk
You made a milli in something you took pride in then sold it off for employment? is employment as rewarding? @essyk jibu hii swali tena. First answer ni 2/10!
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Rank: Member Joined: 3/25/2013 Posts: 552 Location: Asgard
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Ngong wrote:Prime wrote:@Essyk
You made a milli in something you took pride in then sold it off for employment? is employment as rewarding? @essyk jibu hii swali tena. First answer ni 2/10!  Reminds me of a friend of mine who was asked to write an insha about 'Michezo' in primary and the insha ended up being about Maradonna
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Rank: Veteran Joined: 6/8/2010 Posts: 1,729
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Have never had it in my pillow case nor in my bank, but i find myself owning property of more than 10m am i still a millionaire? Life is an endless adventure
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Rank: Veteran Joined: 5/11/2010 Posts: 918
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freiks wrote:Have never had it in my pillow case nor in my bank, but i find myself owning property of more than 10m am i still a millionaire? Of course you are. Unless you're in debt for an amount bigger than that - loosely speaking. It's a question of net-worth. The guy that was worth 10k this morning and took out a loan of 2m from his SACCO in the afternoon is still worth 10k. Yeye hapana millionaire. Na akionekana aambiwe awache kudanganya watu. Learn first to treat your time as you would your money, then treat your money as you do your time.
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Rank: Elder Joined: 11/15/2011 Posts: 4,518
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Ngong wrote:Prime wrote:@Essyk
You made a milli in something you took pride in then sold it off for employment? is employment as rewarding? @essyk jibu hii swali tena. First answer ni 2/10! You did not read my previous post as to why I sold it,so I will repeat. I relocated to a far place.After doing 1+1 I realised that it was impossible to manage it cz of distance since I hadn't prepared for such a sudden move. I don't regret cz I put the money into better use. "The true measure of a man is how he treats someone who can do him absolutely no good.
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Rank: Member Joined: 11/15/2010 Posts: 454 Location: Nairobi
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freiks wrote:Have never had it in my pillow case nor in my bank, but i find myself owning property of more than 10m am i still a millionaire? @Freiks, I can identify with you, hata kama zangu hazijafika 'double digit' ....He who began a good work in you will carry it on to completion..
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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Francis Thuo of Francis Thuo and Partners and Partners Taxi driver who rose to be pioneer stock brokerThis guy deserves a mention on this thread though Wazuans who lost Cheddar via his firm might want kung'oa reli.. "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: Member Joined: 8/16/2012 Posts: 660
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Young and enterprisingQuote:Working with the stock broker provided Mr Nyoro with a good platform to launch his own shares trading firm. And in what looked like an entrepreneurial ‘suicide mission’ among his friends who knew of his failed ventures, he launched StockBridge Securities. Nice. na cc Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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seppuku wrote:freiks wrote:Have never had it in my pillow case nor in my bank, but i find myself owning property of more than 10m am i still a millionaire? Of course you are. Unless you're in debt for an amount bigger than that - loosely speaking. It's a question of net-worth. The guy that was worth 10k this morning and took out a loan of 2m from his SACCO in the afternoon is still worth 10k. Yeye hapana millionaire. Na akionekana aambiwe awache kudanganya watu. Thought he'd be worth -990K.... ama hii hesabu sio ya Carey Francis?
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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Thought this should be imortalized here How Merali Made Ksh 1 Billion in one Hour!The Full Story Told in Detail here: THE CELTEL PURCHASE OF KENCELL - THE STORY BEHIND THE DEAL "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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I thot the thread was on personal experiences. And by the way? kwani no more millionaires are in wazua? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Trust Fund... possunt quia posse videntur
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Rank: Veteran Joined: 5/11/2010 Posts: 918
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Wendz wrote:seppuku wrote:freiks wrote:Have never had it in my pillow case nor in my bank, but i find myself owning property of more than 10m am i still a millionaire? Of course you are. Unless you're in debt for an amount bigger than that - loosely speaking. It's a question of net-worth. The guy that was worth 10k this morning and took out a loan of 2m from his SACCO in the afternoon is still worth 10k. Yeye hapana millionaire. Na akionekana aambiwe awache kudanganya watu. Thought he'd be worth -990K.... ama hii hesabu sio ya Carey Francis? Hehehe! @Wendz, hiyo ni ya Waititu Form 1D. The fellow will add all of his 2m to his asset column and a similar (negative) amount to his liabilities column. Result? KES 0.00 increase in networth. Learn first to treat your time as you would your money, then treat your money as you do your time.
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Rank: Veteran Joined: 5/11/2010 Posts: 918
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seppuku wrote:Wendz wrote:seppuku wrote:freiks wrote:Have never had it in my pillow case nor in my bank, but i find myself owning property of more than 10m am i still a millionaire? Of course you are. Unless you're in debt for an amount bigger than that - loosely speaking. It's a question of net-worth. The guy that was worth 10k this morning and took out a loan of 2m from his SACCO in the afternoon is still worth 10k. Yeye hapana millionaire. Na akionekana aambiwe awache kudanganya watu. Thought he'd be worth -990K.... ama hii hesabu sio ya Carey Francis? Hehehe! @Wendz, hiyo ni ya Waititu Form 1D. The fellow will add all of his 2m to his asset column and a similar (negative) amount to his liabilities column. Result? KES 0.00 increase in networth. That being said I have since made my first one since I was last on this thread.  Method? Rather traditional. Kukaza mchipi na kuweka pesa kwa SACCO ni kama ninalipwa. Bought land a while ago and liquidated it recently (after 2 years) at thrice my buying price. Looking to turn that into a habit. Learn first to treat your time as you would your money, then treat your money as you do your time.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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seppuku wrote:seppuku wrote:Wendz wrote:seppuku wrote:freiks wrote:Have never had it in my pillow case nor in my bank, but i find myself owning property of more than 10m am i still a millionaire? Of course you are. Unless you're in debt for an amount bigger than that - loosely speaking. It's a question of net-worth. The guy that was worth 10k this morning and took out a loan of 2m from his SACCO in the afternoon is still worth 10k. Yeye hapana millionaire. Na akionekana aambiwe awache kudanganya watu. Thought he'd be worth -990K.... ama hii hesabu sio ya Carey Francis? Hehehe! @Wendz, hiyo ni ya Waititu Form 1D. The fellow will add all of his 2m to his asset column and a similar (negative) amount to his liabilities column. Result? KES 0.00 increase in networth. That being said I have since made my first one since I was last on this thread. Method? Rather traditional. Kukaza mchipi na kuweka pesa kwa SACCO ni kama ninalipwa. Bought land a while ago and liquidated it recently (after 2 years) at thrice my buying price. Looking to turn that into a habit. Do we talk about liquid cash or things that can be liquefied/liquidated? Kama ni mambo ya liquefaction/liquidation then I am worth tens of millions! kama ni mambo na hard cash then niko in hundredsthousandsnnaire!!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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Land speculation...
But its not as easy as that..
Unajinyima...mpaka mresh anafikiri kukuwacha...
2 years down the line... paper millionaire.. nkt! sold portion to get my capital back.. sasa hata mkikataa kununua nilirudisha pesa yangu..
Na kwa yote.. tunarudishia Yesu shukrani...
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Rank: Hello Joined: 5/31/2013 Posts: 6
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@Keanute,Factual, I too, followed this approach, though I am still walking there. Again; and always I remind myself that (clean money) takes one a long way. I am in a process of clinching a deal for 15 acres in Kajiado for future capital gain instead of an 1/8th in and around where everyone wants to buy. For now, my family can stay in our apartment (loan free) in /within,5 kms away from CBD. I am inspired.Whoops!
Being aware of your surroundings is the first step to avoiding slips, trips and falls.
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Rank: Veteran Joined: 5/11/2010 Posts: 918
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Impunity wrote:seppuku wrote:seppuku wrote:Wendz wrote:seppuku wrote:freiks wrote:Have never had it in my pillow case nor in my bank, but i find myself owning property of more than 10m am i still a millionaire? Of course you are. Unless you're in debt for an amount bigger than that - loosely speaking. It's a question of net-worth. The guy that was worth 10k this morning and took out a loan of 2m from his SACCO in the afternoon is still worth 10k. Yeye hapana millionaire. Na akionekana aambiwe awache kudanganya watu. Thought he'd be worth -990K.... ama hii hesabu sio ya Carey Francis? Hehehe! @Wendz, hiyo ni ya Waititu Form 1D. The fellow will add all of his 2m to his asset column and a similar (negative) amount to his liabilities column. Result? KES 0.00 increase in networth. That being said I have since made my first one since I was last on this thread. Method? Rather traditional. Kukaza mchipi na kuweka pesa kwa SACCO ni kama ninalipwa. Bought land a while ago and liquidated it recently (after 2 years) at thrice my buying price. Looking to turn that into a habit. Do we talk about liquid cash or things that can be liquefied/liquidated? Kama ni mambo ya liquefaction/liquidation then I am worth tens of millions! kama ni mambo na hard cash then niko in hundredsthousandsnnaire!! Assets - Liabilities = Net Worth I think this is what we are talking about. If you are still worth tens of millions by that definition, you are doing quite well my brother. Learn first to treat your time as you would your money, then treat your money as you do your time.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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seppuku wrote:Impunity wrote:seppuku wrote:seppuku wrote:Wendz wrote:seppuku wrote:freiks wrote:Have never had it in my pillow case nor in my bank, but i find myself owning property of more than 10m am i still a millionaire? Of course you are. Unless you're in debt for an amount bigger than that - loosely speaking. It's a question of net-worth. The guy that was worth 10k this morning and took out a loan of 2m from his SACCO in the afternoon is still worth 10k. Yeye hapana millionaire. Na akionekana aambiwe awache kudanganya watu. Thought he'd be worth -990K.... ama hii hesabu sio ya Carey Francis? Hehehe! @Wendz, hiyo ni ya Waititu Form 1D. The fellow will add all of his 2m to his asset column and a similar (negative) amount to his liabilities column. Result? KES 0.00 increase in networth. That being said I have since made my first one since I was last on this thread. Method? Rather traditional. Kukaza mchipi na kuweka pesa kwa SACCO ni kama ninalipwa. Bought land a while ago and liquidated it recently (after 2 years) at thrice my buying price. Looking to turn that into a habit. Do we talk about liquid cash or things that can be liquefied/liquidated? Kama ni mambo ya liquefaction/liquidation then I am worth tens of millions! kama ni mambo na hard cash then niko in hundredsthousandsnnaire!! Assets - Liabilities = Net Worth I think this is what we are talking about. If you are still worth tens of millions by that definition, you are doing quite well my brother. How do I put my two cars in the same calculation? Will their inclusion increase my net worth? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Impunity wrote:How do I put my two cars in the same calculation? Will their inclusion increase my net worth? Your cars are not assets unless you operate a car hire or a taxi business "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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