In Kenya today, we live in a world of hustlers and dynasties.
But if we look past all the politicizing and corruption, the 1% in Kenya are some of the smartest investors in the world.
After studying their financial moves, here are some of the big money decisions that they make that enables them to maintain a lavish lifestyle.
Interestingly, some of these moves don’t need major capital. And with as little as Kshs 20,000, you can emulate these smart moves in your investments today!
They Invest in Every Sector
Yes, from the juacali sector, all the way to buying shares at the Norfolk Hotel.
In fact, you’ll be surprised to discover the big names behind some of the informal sectors in the country.
The idea is to be flexible. Don’t be afraid to try uncharted waters because you never know where you next gold-mine is coming from.
Remember how William Ruto was a maize seller in the late ’80s? Exactly.
Don’t let your ego come in the way of a big business opportunity!
Investing At the Same Level With Your Peers
A majority of investors are always looking at what their peers are doing, and then they attempt to match what they are doing, or even try to do it better!
It doesn’t matter to them whether these are bad investment strategies or not!
The 1% percent do things differently. They set their own personal investment goals and long term strategies and prioritize them over others.
Point is? They know what it is they want, and what to do to get them there.
They Always Have A Savings Strategy to All their Financial Plans
Investing is the No. 1 way to become ultra-wealthy, but many people forget about the importance of a savings strategy.
The ultra-wealthy, on the other hand, understand that a financial plan is a dual strategy: They invest wisely and save wisely.
Picture this; if you’re living lavishely, isn’t it wise to save up even with all that massive cashflow?
You never know when the well will run dry…
This way, the ultra-wealthy can focus on increasing their cash inflows as well as reducing their cash outflows, thus increasing their overall wealth.
While it might not be common to think of the ultra-wealthy as savers, know that living below their means will allow them to achieve their desired level of wealth in a shorter amount of time.