Wednesday, December 9, 2009

Reflections on Life and Money

The more life changes the more things remain the same. so what is the point of change.
i read an article yesterday about the recent infrustructure bond by the governement that had been oversubscribed by a huge percentage regardless of the low publicity and also it came after two major bonds? Arent we supposed to be in a recession? Isn't money tight and the cost of living too high? Or is it that way just for some people and not others?
I know many talented people who work hard and love their jobs. At least they did for a while. Until they lost their freedom to do anything else, make time for their families, and soon enough they were caught up in doing the same things every day and getting nowhere. The trend continues until they lose all sense of reality and self improvement ceases to exist. This is the modern day rat race.
Beware oncce you forget what your mission is it sucks you in like a vortex and it spits you up on the other end old and broke with nowhere to turn. You better live in fear of this everyday. you might be rocking the latest handbag, shoes, cars but forty years from now you will end up jaded in shags.
There is a board game i played once that completely changed the way i think. That was Robert Kiyosaki's cash flow quadrant. It teaches you how to spot opportunities and how to get that freedom by getting out of the rat race. The beauty of this game is that it does not matter what your occupation is, its the financial principles that are timeless.I suggest you try it. If you don't know where to get it let me know. gather about 10 of your friends and for Kshs. 1,000, you can rent this game and learn how to win this battle and get out of the vicious cycle.
It is not impossible to thrive in a recession. The first thing you need to do is to stop buying unneccesary things and set up a savings account. The next thing you need to do is make an investment into your retirement. In kenya for as low as Kshs. 500 you can start saving for retirement and if like me you have 38 years to retire imagine how much money that is if i increased it by Kshs 500 every year and it was invested at 10% PA?
The next thing you need to do is create multiple sources of income. Even if it is just a yoghurt shop get it started and get that extra money coming in. But more importantly persevere and keep at it. It will take a while but you will be free forever.

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