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NSE creating dollar millionaires in Kenya like kurazy!
MugundaMan
#31 Posted : Thursday, March 14, 2019 10:59:23 AM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
hardwood wrote:
MugundaMan wrote:

306 more Kenyans rise to millionaires rank in a year


https://www.businessdail...eeNdmMpbAUvf-PcisjajTZw


So all one needs to join the Million dollar club is own 2 flats huko eastlands each @ksh50m? Or own a few acres or a few bulotis near the city. Then we have very many dollar millionaires.



But that is the point of the article, papa smile
RE is creating them like kurazy every day and the evidence confirms this.
MugundaMan
#32 Posted : Thursday, March 14, 2019 11:01:50 AM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Rollout wrote:
NewMoney wrote:
kitabu_chako wrote:
Technology is a good bus for those with a creative mind. That's what allowed me to join the these millionaires. have made a couple of USD million, my next challenge is to get to $10M.

Happy Hunting :)

Yeah, Technology is the real deal, scales like crazy, makes real estate and NSE look like child's play.

Today, 6 out of 10 richest people in the world are in tech, and so are 7 out of 10 largest companies by market cap. A total contrast to what it was just 15 years ago.

In Kenya, tech is still in the infancy stage and yet we can see it making a dollar millionaire here and there.
In a few years, it will dominate and bring us the first clean $Billionaire.

Sad that the government has not yet recognized this potential, Tech should be like the Big ONE Agenda.


I am a professional investor in emerging companies, whoever tells you that technology will get you to be a dollar millionaire faster probably don't know the stats. I see at least 1000 promising tech startups every year, 80% of which will never get seed funding even after the founders have spent every $ they have and borrow from every family and friends, and after going without pay for up to 5 years they shutdown. 80% of the 20% that get seed funding will not proceed to series B and C. Short story, the technology companies you see today cumulated from thousands upon thousands of failed technology companies. You are more likely to be a millionaire in retail/farming/manufacturing than in Technology. Of course unless you are a hacker!


And this is why I reiterate that RE is the path of least resistance to dollar millionairedom in Kiinya today. Hakuna msukosuko mob! You just invest and develop pole pole and the rest is history. Which RE dollar millionaire of do you know of who had to try ten times and failed ten times before they succeeded at what they did. Hata the Optiven guy was conned only once in the beginning - something he could have avoided with proper due diligence - and the rest was history for him..and even his case of being conned on the first deal is a huge anomaly especially in this age of digitisation of land records.
sparkly
#33 Posted : Thursday, March 14, 2019 12:50:20 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
MugundaMan wrote:
Rollout wrote:
NewMoney wrote:
kitabu_chako wrote:
Technology is a good bus for those with a creative mind. That's what allowed me to join the these millionaires. have made a couple of USD million, my next challenge is to get to $10M.

Happy Hunting :)

Yeah, Technology is the real deal, scales like crazy, makes real estate and NSE look like child's play.

Today, 6 out of 10 richest people in the world are in tech, and so are 7 out of 10 largest companies by market cap. A total contrast to what it was just 15 years ago.

In Kenya, tech is still in the infancy stage and yet we can see it making a dollar millionaire here and there.
In a few years, it will dominate and bring us the first clean $Billionaire.

Sad that the government has not yet recognized this potential, Tech should be like the Big ONE Agenda.


I am a professional investor in emerging companies, whoever tells you that technology will get you to be a dollar millionaire faster probably don't know the stats. I see at least 1000 promising tech startups every year, 80% of which will never get seed funding even after the founders have spent every $ they have and borrow from every family and friends, and after going without pay for up to 5 years they shutdown. 80% of the 20% that get seed funding will not proceed to series B and C. Short story, the technology companies you see today cumulated from thousands upon thousands of failed technology companies. You are more likely to be a millionaire in retail/farming/manufacturing than in Technology. Of course unless you are a hacker!


And this is why I reiterate that RE is the path of least resistance to dollar millionairedom in Kiinya today. Hakuna msukosuko mob! You just invest and develop pole pole and the rest is history. Which RE dollar millionaire of do you know of who had to try ten times and failed ten times before they succeeded at what they did. Hata the Optiven guy was conned only once in the beginning - something he could have avoided with proper due diligence - and the rest was history for him..and even his case of being conned on the first deal is a huge anomaly especially in this age of digitisation of land records.



The following are the richest 100 companies in the world


https://www.statista.com...-world-by-market-value/

How many are in real estate?

Life is short. Live passionately.
Mike Ock
#34 Posted : Thursday, March 14, 2019 3:02:12 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
Rollout wrote:
NewMoney wrote:
kitabu_chako wrote:
Technology is a good bus for those with a creative mind. That's what allowed me to join the these millionaires. have made a couple of USD million, my next challenge is to get to $10M.

Happy Hunting :)

Yeah, Technology is the real deal, scales like crazy, makes real estate and NSE look like child's play.

Today, 6 out of 10 richest people in the world are in tech, and so are 7 out of 10 largest companies by market cap. A total contrast to what it was just 15 years ago.

In Kenya, tech is still in the infancy stage and yet we can see it making a dollar millionaire here and there.
In a few years, it will dominate and bring us the first clean $Billionaire.

Sad that the government has not yet recognized this potential, Tech should be like the Big ONE Agenda.


I am a professional investor in emerging companies, whoever tells you that technology will get you to be a dollar millionaire faster probably don't know the stats. I see at least 1000 promising tech startups every year, 80% of which will never get seed funding even after the founders have spent every $ they have and borrow from every family and friends, and after going without pay for up to 5 years they shutdown. 80% of the 20% that get seed funding will not proceed to series B and C. Short story, the technology companies you see today cumulated from thousands upon thousands of failed technology companies. You are more likely to be a millionaire in retail/farming/manufacturing than in Technology. Of course unless you are a hacker!


The badness of tech is that the internet has made it a global game and that gives the advantage to well funded companies from US and Europe. There are very few opportunities for localized tech for Kenya, but in those few areas we are having billionaires being created. For example payments, betting, Skiza Tunes etc
MugundaMan
#35 Posted : Thursday, March 14, 2019 3:23:47 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
sparkly wrote:



The following are the richest 100 companies in the world


https://www.statista.com...-world-by-market-value/

How many are in real estate?



Who cares? smile we are talking about dollar millionaires and what sectors in Kiinya are creating them.
NewMoney
#36 Posted : Thursday, March 14, 2019 8:34:36 PM
Rank: Member

Joined: 3/1/2019
Posts: 170
Location: Nairobi
Mike Ock wrote:
Rollout wrote:
NewMoney wrote:
kitabu_chako wrote:
Technology is a good bus for those with a creative mind. That's what allowed me to join the these millionaires. have made a couple of USD million, my next challenge is to get to $10M.

Happy Hunting :)

Yeah, Technology is the real deal, scales like crazy, makes real estate and NSE look like child's play.

Today, 6 out of 10 richest people in the world are in tech, and so are 7 out of 10 largest companies by market cap. A total contrast to what it was just 15 years ago.

In Kenya, tech is still in the infancy stage and yet we can see it making a dollar millionaire here and there.
In a few years, it will dominate and bring us the first clean $Billionaire.

Sad that the government has not yet recognized this potential, Tech should be like the Big ONE Agenda.


I am a professional investor in emerging companies, whoever tells you that technology will get you to be a dollar millionaire faster probably don't know the stats. I see at least 1000 promising tech startups every year, 80% of which will never get seed funding even after the founders have spent every $ they have and borrow from every family and friends, and after going without pay for up to 5 years they shutdown. 80% of the 20% that get seed funding will not proceed to series B and C. Short story, the technology companies you see today cumulated from thousands upon thousands of failed technology companies. You are more likely to be a millionaire in retail/farming/manufacturing than in Technology. Of course unless you are a hacker!


The badness of tech is that the internet has made it a global game and that gives the advantage to well funded companies from US and Europe. There are very few opportunities for localized tech for Kenya, but in those few areas we are having billionaires being created. For example payments, betting, Skiza Tunes etc



Well, you can easily turn this disadvantage to an advantage e.g by offering your services to global companies and thus charging a global rate. As an example all tech guys worth their salt can now easily earn over 500k per month on the lower end by working remotely for global tech companies and I know dozens are already doing so in Kenya and this is just the start. There are tons of opportunities for doing tech, export and outsourcing in this global stage as well.

Another way it can be an advantage is you that you can now tap tech tools and services developed by the best minds in the world and deploy them in your local business and easily beat your competion. Some of these tools are free or very cheap. E.g facebook ads, google office suite, whatsapp for business e.t.c. You can even build a new business from scratch using some of these tools.

Bottomline, Kenya is a poor country with a lot of mediocrity everywhere and there is nothing better than getting access to richer clients who value genuine quality services and products.
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