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How did you make your first Kes million?
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murchr
#171 Posted : Friday, August 02, 2013 8:33:43 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
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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maka
#172 Posted : Saturday, August 03, 2013 12:45:37 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Trust Fund...
possunt quia posse videntur
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seppuku
#173 Posted : Saturday, August 10, 2013 1:41:59 PM
Rank: Veteran

Joined: 5/11/2010
Posts: 918
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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seppuku
#174 Posted : Saturday, August 10, 2013 1:45:51 PM
Rank: Veteran

Joined: 5/11/2010
Posts: 918
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. smile 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. smile
Learn first to treat your time as you would your money, then treat your money as you do your time.
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Impunity
#175 Posted : Monday, August 12, 2013 12:21:10 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
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. smile 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. smile
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!! Sad Sad
Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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poundfoolish
#176 Posted : Monday, August 12, 2013 12:53:41 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
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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Philanthropist
#177 Posted : Monday, August 12, 2013 1:39:11 PM
Rank: Hello

Joined: 5/31/2013
Posts: 6
@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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seppuku
#178 Posted : Monday, August 12, 2013 2:08:08 PM
Rank: Veteran

Joined: 5/11/2010
Posts: 918
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. smile 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. smile
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!! Sad Sad
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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Impunity
#179 Posted : Monday, August 12, 2013 3:57:16 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
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. smile 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. smile
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!! Sad Sad
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? smile
Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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murchr
#180 Posted : Monday, August 12, 2013 5:39:10 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Impunity wrote:
How do I put my two cars in the same calculation? Will their inclusion increase my net worth? smile
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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