Ndindi Nyoro Wealth: The Member of Parliament and investment broker shares his three steps to getting rich:
FIRST Step:
For every 10 KSh you earn, divert some to yourself. We are all engaged in different trades and Jobs and such provides income streams. Interestingly, we almost always only work for others.
When you spend your money paying rent, it means you made that money for your landlord. When you spend some money in the Salon, it means you labored for your salonist.
Millionaire Ndindi Nyoro: Only entrepreneurship will make you wealthy
Every time you spend your money buying fuel, it means you were making money for Total, Kenol, Shell etc.. Therefore, learn to appreciate yourself by setting aside at least 2 shillings for every 10 you make. That should go directly to your purse. Whether you earn Sh. 10,000 or Sh.1 Million, there is no excuse to this step. Others call it saving..
SECOND Step:
Control Expenditure. It’s intriguing that whatever amount of money we earn, most of us remain broke.. A person with a monthly income of Sh. 300,000 is as broke as a Person earning Sh. 5,000. Some have more responsibilities than others but all remain with empty accounts.
This is mostly because of the inability to control our spending desires. Not all are desires to be instantly gratified. Therefore budget for your income without touching the 2 ksh in every 10 that you set aside for yourself.. Even when you spend all your income, you still remain with un-gratified desires..
THIRD Step:
Make the 2 shillings you set aside for yourself multiply. Make your money labour for you.. Think about an old man with Two children. If he “eats” his two children, it means he’ll have NO offspring.
True…having a target for savings and once you reach that target you put the savings in an investment that will generate you more income e.g. setting a target to save Ksh200,000 by end of year and investing that money in a business or income generating activity
You got to love the Father, children, grandchildren, great grandchildren analogy. Hits home!
Hi, i am soo humbled by your story hon. Ndindi Nyoro. its educative and anyone who follows its directives will bee definitely succeed
Richest man in Babylon tips
you are always my mentor ,,,
Good advice
Thanks Man this what we need
Saving my extra coin in chama enabled me purchase a land parcel in Thika at 1.5M and the year followed purchased sh800k premio car to ease my mobility…power of saving not a joke
Grt advice from an expert i wil put into practice thanks
good advice for extravagants
this is so good i think each and every youth in kenya should know this
Thank you for these tips
Great and awesome advice there it’s all about saving
Lovely Hon. Nyoro. Have to do it!