S8:EP12 | The Power of Understanding Your Net Worth | Rina Hicks & Pius Muchiri |
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- Опубликовано: 23 ноя 2024
- Contact Faida Investment Bank
WhatsApp: (+254) 743 552 341
Call: (+254) 719 212 349
E-mail: oak@fib.co.ke
oak.africa/
Head Office Address:
Crawford Business Park, State House Rd, Nairobi Kenya.
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Contact Nabo Capital
Call: (+254) 709 902 700
Email: invest@nabocapital.com
nabocapital.com/
Head Office Address:
5th Floor, International House, Mama Ngina Street, Nairobi
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In this discussion on financial growth and wealth management, a powerful concept emerges: the danger of idle money. Many people hold money in places where it does not grow or generate returns, such as bank accounts, idle land, or even stagnant investments within Chamas (informal savings and investment groups). While these resources may offer a sense of security, they often remain untapped, failing to generate the cash flow needed for sustainable growth. The speakers stress the importance of putting money to work, moving it from a static position to one that aligns with the principles of currency and cash flow, much like a river that must flow to sustain life.
The conversation dives into examples of how idle money manifests, especially in bank accounts and land. In Kenya, trillions of shillings are held in bank deposits, sitting without multiplying, simply because people are more attached to seeing a large balance than understanding the value of cash flow. Similarly, investments in land often represent a stagnant asset, where individuals hold onto plots without plans to develop or earn from them. The idea of “multiplication” is introduced, emphasizing that money should be actively generating returns, not just parked for future use. By shifting from a mindset focused on saving for small expenses to one of generating impact, people can use money to solve larger societal problems while growing their wealth.
The discussion also highlights the role of Chamas in Kenya, acknowledging their potential for wealth-building if channeled correctly. Often, members contribute to a merry-go-round system, pooling money without a clear strategy for growth, leading to missed opportunities for investment. The speakers suggest that Chamas could link up with money market funds or similar financial products to ensure that contributions immediately start earning returns. This approach elevates the Chama’s purpose from simple pooling to actual capital growth, fostering a culture of financial discipline and setting a foundation for collective prosperity.
Lastly, the speakers bring attention to the concept of cash flow as a critical form of inheritance, alongside knowledge. Instead of leaving children with static assets like land, which may lack liquidity, parents should focus on generating a steady stream of income that can sustain future generations. Educating children about wealth management is equally important, enabling them to carry forward a legacy that isn’t just about maintaining assets but nurturing cash flows and the mindset to manage wealth effectively. This knowledge and cash flow inheritance is positioned as the most sustainable way to ensure generational wealth that aligns with individual missions and goals, creating a legacy that endures beyond material assets.
Contact Faida Investment Bank
WhatsApp: (+254) 743 552 341
Call: (+254) 719 212 349
E-mail: oak@fib.co.ke
oak.africa/
Head Office Address:
Crawford Business Park, State House Rd, Nairobi Kenya.
-----------------------------------------------------
Contact Nabo Capital
Call: (+254) 709 902 700
Email: invest@nabocapital.com
nabocapital.com/
Head Office Address:
5th Floor, International House, Mama Ngina Street, Nairobi
-----------------------------------------------------
Thank you for your support by helping us create content.
MPESA TILL (BUY GOODS) - 5236949
PAYPAL - Njau.richard@gmail.com
CARD PAYMENTS - checkout.mookhpay.com/cta
SEND WAVE - (+254) 0728-595-022
Don't forget to SUBSCRIBE - bit.ly/SubscribeToCTA
Pius mention about his friend in insurance company and that's me today working in a company for 7years done so much and i don't see anything for myself the whole of 2024 have been thinking of quitting the job but i fear will i be meeting my daily needs. This CTA just opened my mind it's a 💨blow
What's the name of the moderator/interviewer on this program for Pius and Rina? He is also powerful. The three of you be blessed together with others involved in this power program
Pius + Rina =an abundance of financial insight
Yes 👐 👐 👐
Absolutely 💯
Was praying for destiny connectors,
The lord answered me when I encountered CTA, listening to Pius, Rina, Rev. Julian meeeen my capacity has been built and very soon Richie i will personally look for you for a cup of coffee
Long live CTA
Pius and Lina you are very powerful. I hope to meet you one blessed day. Kapambo from Zambia
Wow such powerful nuggets and gems being dropped here thanks everyone ❤
Eye opening ❤
Continuing 😊
Eye opening, omg!
Thank you
Was longing for this ❤
Hapo kwa cashflow ,I need help
I need to redeem my lost time in gulf 😢
🔥🔥🔥🔥
💯
Weh I need to get back my 8hrs
🇲🇿🇲🇿 from Mozambique
Wow Mozambique you also speak english.
@bennjeri1886 yes, a bit. And portuguese
@@JaimeRodrigues-j2b that's amazing
CTA now needs to have sub titles in all languages
AI coming through with more than just subtitles :-) #ComingSoon
First to watch yeeey
Haki Richiii unatuweka saaaaana😢
My friend tuko Ep15. Click here for the Playlist - bit.ly/CiSWithRinaAndPius
Thank you.
Can someone in UGA invest in a money market fund of a different country like Kenya n things work out for him well...
Yes