SEKU Entrepreneurships Club

21/11/2023

MAKE GOOD USE OF YOUR TIME

Invest all of your time in:

Books
Courses
Travelling
Reading books
and developing business relationships.

and prevent wasting time on things that aren't necessary:

Tiktok
P**n
Va**ng
Taking drugs
Videogames
Netflix marathans

16/11/2023

Which scams have you been seeing online?

I heard one that makes you money on WhatsApp.

Another one only needs you to have a sim card.

Other scams claim that you make $1,000 a day by writing CVs for people.

Which scams have you come across?

16/11/2023

Most people have one of these 3 Money problems.

1. An income problem. Saving is hard as you can barely meet your daily needs.

You have little or no money to invest.

2. A saving problem. You have a decent income but you have nothing to show for it.

You are probably in debt and always broke a week after pay day.

3. An investing problem.

You have a lot of savings idle in the bank account, not sure what's the best investment to make.

Some possible solutions:

1. If you have an income problem, find ways to increase your earning potential.

- Start a side hustle?
- Go back to school?
- Learn a new skill?
- Monetize your hobby?

2. If you have a saving problem:

- Start tracking your expenses
- Readjust your budget to fix your spending
- Automate your savings
- Save before you spend

3. If you have an investment problem, seek help from a financial advisor like myself

16/11/2023

Money Market Funds are best for regular savings.

SACCOs are a better way to access credit.

Offshore stocks are best for capital gains.

Local stocks are best for dividends.

Bonds are *usually* low risk with predictable returns.

Real Estate is for long term capital preservation.

What else can you add?

16/11/2023

To save with a SACCO or a Money Market Fund?

In a MMF, you can withdraw your money within 2 days.

For a SACCO, you can only access your savings in the BOSA account by taking a low interest loan.

For a SACCO, you make money through dividends earned from share capital and interest on your deposits.

For MMFs, you only make money from the interest on your deposits.

A MMF is more liquid and used for capital reservation in the short term.

A SACCO is more illiquid and is used mostly to access low interest loans on friendlier terms.

Which one do you prefer?

15/11/2023

15/11/2023

I remember sharing a simple hack to reading a book,
I think we have been wired based on our education that books are meant to be read entirely back to back, and some do this for sports and bragging rights, but it isn't about volume, but getting value.

To get the best out of books,

Pick a Book,
Go to the Contents section,
Look for a Topic that resonates with you or have the answers to the questions bothering you or topic that has values for you,

Read that Chapter alone,
Ponder on it, highlight points you have learnt,
Act or work on them or allow it have impact.
Close the book.

You are sure to have gotten more value than someone, who read the whole book for bragging rights, and can't remember a single point.

It isn't about volume but value.
Copied

13/11/2023

According to official government statistics ....

- Over 65% of Nairobi City residents live in slums .

- 70 of Kenyans live below the poverty line .

- Central Bank Governor is quoted saying there are only 0.9 % of us all who have a Million Shillings in their bank accounts and
96% of customer deposits held in commercial banks are 100k and below

The treasury says ...
We pay 40% of our total revenue collection to our civil servants who are 2% of our population .

We import almost all that we use , including our staple food and all that we wear .
Note .
Majority of the citizens are not productive .

We don't know what powers or what is the backbone of our economy .

The government is borrowing to pay for loans which we took to repay loans .
Or maybe even Carter for the recurrent expenses .
So says the controller of budget .

Then there is the Auditor General who wrote in his official report that about 60% of our budget money is wasted or stolen .

This the situation of the tax payer . And the government .

But we boast of being the strongest and leading economy in the region .

03/11/2023

A tornado is an example of a ubiquitous fluid called a vortex.

How is helicity conserved in vortices in what is obviously uniform fluids.

A tornado can lift up a car or bus several meters upto 50 Meters up the sky.

The maths underlying whirlpool, tornado or even hurricane is getting a major tools due to more research into fluid dynamic and turbulent flow.

02/11/2023

This is one stone out of 2 million and 300 thousand stones that were (supposedly) cut, dragged and lifted to build the Great Pyramid more than 5000 years ago. Something is seriously wrong with our history