Getting ‘left behind’ leads to social pressure
- Thread starter Luther12
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Nimesema a disciplined and wise makanga. I fully agree with you that most never really get ahead in life because they are not smart financially. The example I used is an exception, not the norm. I wanted to show how someone with a typical hustle can outperform a professional in the long run with some financial discipline.
Denis Young
Elder Lister
100%. I have seen it first hand. Some people have even developed mental illnesses as a result of feeling left behind. I lost an aunt to suicide as a result of it.
Life is an interesting balance. Being satisfied in your situation makes you lazy. Being too ambitious makes you susceptible to those feeling of not being good enough. A healthy balance is what you should aspire.
Once you hit your goals start working on something else or start helping other people achieve theirs. Never stop working or solving problems.
Life is an interesting balance. Being satisfied in your situation makes you lazy. Being too ambitious makes you susceptible to those feeling of not being good enough. A healthy balance is what you should aspire.
Once you hit your goals start working on something else or start helping other people achieve theirs. Never stop working or solving problems.
Scarcity mentality, it eats away at a person as you seek to "upgrade" yourself to that "successsful" person you adore.
We sometimes try to deny/cheat ourselves. YOU CANNOT CHANGE/ALTER how the biologocal clock.0-25 formation stage you study,date and form the person who moves to the other stage. Between 25-55yrs when you are usually healthiest and strongest its time to achieve (marry/not marry,raise kids,educate and save for retirement) beyond that you are on the other side of the normal curve and your production level drops.
There is a price to be paid for long term success.
Your income must exceed your expenses significantly, and you must invest your savings wisely. This means living way below your means. The formula applies whether you earn 30k, 300k, 3M or 30M. We have seen very wealthy people go bankrupt abroad akina Nicholas Cage etc.
Live within your means at all income levels.
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wrongturn
Elder Lister
I think he meant outliers, even me most makangas i knew from as far as from 2002, most have graduated from kondas to deres, 2 have their own mats, a few are still doing the same job in different routes, na wengine "retired" but they are just hustling mtaani
But in life we have outliers in all sectors but a big chunk just follow the norm, retire ,move up country, start small scale faming or rentals ,reminisce the days you were calling the shots
Ssabasajja
Elder Lister
People want to live in Kilimani, Westlands or Lavington on an income of less than 100k, it's impossible.
Budspencer
Elder Lister
The pleasures in life are to be enjoyed e.g German vehicles, premium whiskey, travel experiences, side chics, steaks and wine, mansions etc.
The big question is whether you can afford them and still secure your future.
Unfortunately, most people e.g professionals cant because their incomes dont allow it. Due to social pressure they choose the lifestyle every time and then live paycheck to paycheck.
The big question is whether you can afford them and still secure your future.
Unfortunately, most people e.g professionals cant because their incomes dont allow it. Due to social pressure they choose the lifestyle every time and then live paycheck to paycheck.
Clemens
Elder Lister
With the current inflation in Kenya, just sustaining a family is becoming increasingly problematic, we all know people who never used to ask for soft loans, are now requesting it due to hard times. Hiyo living within your means is now becoming a dream, just feeding your family is an expensive affair, that investment is a mere pipe dream unless you are a tenderprenuer or the likes.
Field Marshal
Elder Lister
Today's economic realities mean that fresh graduates are more likely to start getting stable jobs well into their late twenties or early thirties.
Nimeona hii statement nikashtuka sana. As a bona fide, card-carrying disciple of Lord Azhor Ahai, the beginner and finisher of wealth, I thought if you don't have two Lamborghinis in your driveway, 126m in the bank, and a 23nd floor penthouse in Kilimani by 30 you are a ferking loser who should never marry or sire children?
You ferking under-achievers..................
Nimeona hii statement nikashtuka sana. As a bona fide, card-carrying disciple of Lord Azhor Ahai, the beginner and finisher of wealth, I thought if you don't have two Lamborghinis in your driveway, 126m in the bank, and a 23nd floor penthouse in Kilimani by 30 you are a ferking loser who should never marry or sire children?
You ferking under-achievers..................
Field Marshal
Elder Lister
Kuja Ndeiya ka-mum I show you how it's done. I will never feed you putrid roadkill...............
Field Marshal
Elder Lister
I disagree and cite one telling statistic; the average age at which people in the richest country on earth become millionaires, that is, having a net worth of Sh108million is 58-59.
Net worth is the value of everything you own (shambas, plots, dogs, cows, shares, bonds, trees) minus all your debts.
58-59 years. In the richest country on earth.
The Average Age When People Become Millionaires
Saving a million dollars isn’t as impossible as it sounds—as long as you’re willing to wait a few decades.
www.mentalfloss.com
Wacheni kujipatia pressure back here in Vumbistan. If you are worth a net of Sh30 million by 50 uko sawa.................mengine ni kujipanga (there's no need, for example, to have a Sh200million hacienda like I do which doesn't bring in any money. Dead capital.)
Mpaka umeweka Simba ya @Meria na nguno ya @Kasaman 
I disagree and cite one telling statistic; the average age at which people in the richest country on earth become millionaires, that is, having a net worth of Sh108million is 58-59.
Net worth is the value of everything you own (shambas, plots, dogs, cows, shares, bonds, trees) minus all your debts.
58-59 years. In the richest country on earth.
The Average Age When People Become Millionaires
Saving a million dollars isn’t as impossible as it sounds—as long as you’re willing to wait a few decades.
Wacheni kujipatia pressure back here in Vumbistan. If you are worth a net of Sh30 million by 50 uko sawa.................mengine ni kujipanga (there's no need, for example, to have a Sh200million hacienda like I do which doesn't bring in any money. Dead capital.)
I disagree and cite one telling statistic; the average age at which people in the richest country on earth become millionaires, that is, having a net worth of Sh108million is 58-59.
Net worth is the value of everything you own (shambas, plots, dogs, cows, shares, bonds, trees) minus all your debts.
58-59 years. In the richest country on earth.
The Average Age When People Become Millionaires
Saving a million dollars isn’t as impossible as it sounds—as long as you’re willing to wait a few decades.
Wacheni kujipatia pressure back here in Vumbistan. If you are worth a net of Sh30 million by 50 uko sawa.................mengine ni kujipanga (there's no need, for example, to have a Sh200million hacienda like I do which doesn't bring in any money. Dead capital.)
Field Marshal
Elder Lister
The thing most people miss is the balance between two things; investing something for the future against going for today's gratification. In Africa, unfortunately, instant gratification has almost always trumped planning for the future. This is why we did not explore new lands or even invent a lot of new things; you grew rich, married many wives and lived merrily thereafter, for the moment.
The mzungu has a different mindset. Once he meets his immediate needs, he starts investing in the future and related matters like science and art. He doesn't marry new wives or spend the whole day under a tree drinking murat. Rather he spends his wealth benefiting local universities and charities, sponsoring voyages to distant lands etc. Kirubi couldn't even sponsor an education scholarship, but Bezos is going to space! Result? The mzungu came to rule the world, including our rich who he found drinking murat under a tree. And from his scienticts he had guns...
Now, I am not saying eti ujinyime kama the old Kikuyu tycoons who are now dying off. Drive a V8 if you can afford it, drink choice wine or your five WhiteKAPS (ahem!). Have a side-dish or two somewhere and have fun. BUT DON'T BE THE KIND OF IDIOT WHO RENTS A SH90,000 APARTMENT IN KILIMANI COZ YOU HAVE A SALO OF 300k. Hiyo apartment what does it add to you life which a similar apartment in South C going for 35K cant?
And about that choice 40K bottle of single-malt whiskey - Hallo, all portable alcohol is ethanol. Hata Ace ni ethanol tuu kama hiyo whiskey. Marketing and packaging, and a slight, very slight, difference in taste is what is making the difference between sh150 and 40K. Buy the whiskey for your kid's birthday bash, once in a while, but don't be like those educated professors and engineers I see every weekend at Nairobi West downing bottles of Glenfiddich in between complaining how UASU has let them down in negotiating for higher salos........