Thursday, March 20, 2025

Gratitude Leads to Miraculous Multiplication

 



In the book of John Chapter 6:5-13 we come across the story of Jesus and how he fed a huge multitude with five loaves of bread and two fish. This story has a number of great lessons for us.

Like Philip we find it hard to understand how so much can come from so little. When Jesus tells him about the need to feed the multitude Philip puts on his thinking cap. His conclusion: It would take a lot of money to feed this multitude so if I were you Jesus, I would abandon the whole idea.

Philip knew only the natural dimension of things. Jesus introduced him to the supernatural. Gratitude is a lever in the supernatural dimension of things. It causes a shift in possibilities. Philip failed to understand that Jesus was present and with him the backing of heaven. How many times have you been in a situation that seems impossible and because of fixing your eyes on it alone, you fail to grasp the truth that Jesus is present? Like Philip we need to appreciate the presence of Jesus in our situations however dire they may seem. So gratitude here seems to go beyond just the bread to the one who gives bread-the bread of life. May we never forget to appreciate Jesus and what he represents just because we are in a tight spot.  

Andrew was slightly better but still wondered how things would unfold. Andrew went a step further than Philip. He saw the lad with two fish and five loaves. He appreciated that there was something on the ground to work with. His view was also limited because he adds a statement that says ‘out of the realm of possibility’ He also fails to note the presence of Jesus and his ability to turn things around. You and I are likely to think: What’s wrong with these guys? But wait a minute. How many times have you been in the exact same situation and maybe acted worse off? Our natural tendency is to do the math and conclude; impossible. We never look beyond ourselves and our resources and that marks the beginning of our issues.

Jesus does two things which are important for the miracle. He teaches us the formula for multiplication.

He gives thanks-Gratitude. The first thing he does is to give thanks for what is at hand. Many times we despise what we have at hand and as a result, we fail to capitalize on it. The truth is you will never tap into the fullness of what you have until you learn to embrace it. Jesus appreciated what was available and he saw in it the possibility of sufficiency. The appreciation and celebration of your small wins paves the way for bigger wins. David got the courage of facing Goliath because he had already seen God give him victory over lions and bears. He didn’t despise the formative victories and they formed the basis for his greatest victory.

He distributes-breaking it down. One way to look at the whole issue of distribution is to think about him breaking it into pieces and spreading it around. When I think about it (and this is just my thinking) breaking it down means looking beneath the surface. On the surface he only had two fish and five loaves but beneath the surface was potential to feed the multitude. One of the challenges we have as humans is we gloss over the good things and over analyze the negative things that happen around us. We are very good at meditating on our low moments and experiences and very poor at meditating on the good side of things. Next time you are about to complain about your lot, take a moment and appreciate the intricacy of God’s goodness to you. It will go a long way in unlocking greater levels of goodness.

Let’s think naturally for a moment. Take the case of two children you have. You give every one of them a gift. One walks away happy about it and expresses zero gratitude. The other one is very happy as well but they remember to express gratitude and remind you of all the good things you have done in the past. Who between the two would you be more inclined to do more for? Remember I said you think naturally. If you are honest with me, you would be driven to do more for the second child. Everyone loves to be appreciated. And when appreciated, they are driven to do more. That is part of how gratitude leads to multiplication.

The result-Enough food for everyone and some of it remains. On account of Jesus breaking the bread and giving thanks for it, there is an overflow of food for the whole multitude. Instead of going on and on about many things, why don’t you challenge yourself to be more grateful for the next thirty days and see what it will yield. Gratitude changes your perspective and you begin to see more than you were seeing before. Try it.

The lesson-Do not despise what you have at hand. Search the depths of it by breaking it down and be grateful for it. What you are grateful for you attract more of, increases in value and as such can go a longer distance.

This is one of the lessons I pass on in the book Blessed to be a Blessing. It is a call to gratitude as you reflect on the various manifestations of the blessing of God upon your life. If you want a guide to help you reflect on God’s goodness then feel free to order a copy by sending me a message on +254725832477.

Sunday, February 23, 2025

Thoughts on Retirement Planning for Men.


 

Men,

No one is coming to save us.

The day you turned 18 and left the comfort of your Mother’s house or whatever you left behind-it doesn’t matter, you signed up for life. From that point onwards you became responsible for yourself, your family and everything in between.

If your life follows a normal trajectory, you will spend the years between 25-60 working and taking care of your wife and children plus your extended family in some instances. What this means is you spend your most productive years fending for the people you care about.

If you are not careful or fail to plan for it, your woes are likely to start after 60.

While you toiled tirelessly in your good years, it is possible you lost something important which is creating a bond with your children. That is a dangerous place to be in.

Many men find themselves in that place where they are distant from their children and worse still with zero money to take care of themselves. That’s a potent combination. It partly explains why so many men die within 5-10 years after retirement.

If you left their mother as the present parent, she will have cemented her position in their hearts. If she is not a wise woman, she will use this to her advantage and sideline you. A wise woman will see to it that the children understand the significant role you play/played in their upbringing whether you were present or not.

Here is some advice on what you should do.

Strike a balance between your presents and presence. Your presents come in the form of your provisions and the goodies you send home while you are toiling far away from your kids. Your presence cannot be delegated or substituted. I know we live in tough times where every shilling counts. The bills are out of this world and you need to make enough to take care of your family but for your own sake, ensure you are intentional about creating time to be with the people who call you dad. If it takes a small drop in quality of life to ensure you are more present at home, go ahead and make it happen. Those formative years of your child’s life mean a lot to them and you in the long run. Be there for them.

Build your nest egg. Don’t play games with your retirement years. The needs then are many and you no longer have an active income to depend on. What you do in your active years has a bearing on how you live in the years of retirement. Invest enough in income generating assets to cover yourself financially. I help people in planning for retirement by discussing options available. I invite you to book a session with me here to discuss this all important matter while there is still time.

Be good to your wife and children. Especially if you are the predominant bread winner. In your active years, you are all powerful, after your active years, power shifts significantly. How you treated your wife and children when power was in your hands, determines how they will treat you when it shifts towards them. Keep a good record and they will defend you with their lives. They won’t let you suffer in the village while they chop life in the city.

Think about taking care of your family as a responsibility. Because it is. It is not an investment. You should not look at your children as an investment. Let their support for you in your old age be voluntary. This is why for every 5 shillings you spend on them, you need to spend 1 or 2 on yourself in the form of investing in your future. That way you secure the future even as you are taking care of the present.

Think from a posterity perspective. While we are debating how to take care of ourselves in retirement, the bible recommends that we plan even for the next generation. It should never be lost on you that you need to give the next generation a better platform to start from. It is a responsibility we carry and we must embrace it wholeheartedly. Prepare a financial and knowledge/experience package to pass on to your progeny. In case you do not know where to start, let’s explore options of getting this done together. Book a slot here.


Monday, February 17, 2025

Will the real Africa stand up? A response to the USAID fund freeze

 



The Us of A has sneezed and the whole world has predictably caught the cold. The only way this might have bypassed you is if you don’t live in this world or you are super preoccupied with important stuff that you have no time for small talk like the rest of us. The flu that is wreaking havoc across the world comes in the garb of the USAID fund freeze. President DJT through the DOGE (Department of Government Efficiency) if you still haven’t caught on has just come to the realization that the USAID has been bleeding dollars with little to show for it. I cannot completely agree with this statement. There are many organizations that have used USAID funds to make a big difference in the communities they serve. What I agree with is that there are people and organizations that have also used the same funds to do some not so helpful things around the world. Those people have defeated the purpose of the funds and necessitated a fresh look at it. This one decision has sent the development world into pandemonium.

The Cause

President DJT campaigned on the America First platform. He is of the opinion that the rest of the world has been ripping off America and getting away with it for so long. This is not entirely true because America has also received a lot from around the world. What is true is that the relationship has been abused by some not so clever individuals leading to undesirable outcomes stemming from the use of these funds. A deep look at the spending patterns by DOGE has identified the USAID as one of the agencies that needed to be repurposed quickly. Whether it continues to operate after the freeze is not clear at this moment.

The Effect



I do not know the extent of the effect globally but I can tell you that in Kenya a lot has changed courtesy of this one decision. Primarily, people have lost livelihoods overnight. There are many who have been serving in various organizations courtesy of USAID funds. Those people are in a terrible place as far as their livelihoods are concerned. Breadwinners have just lost their ability to bake bread with the stroke of a pen. Estimations have put the number at over 35000 Kenyans. You have no idea what this means in the developing world. I do not want to get started with the black tax conversation but let it suffice you to know that this income loss has affected more than the nuclear family of the employees.

Programs in many sectors have suffered a big blow. One of the worst hit sectors is the health sector where these funds have been critical in providing comprehensive care for those dealing with HIV and many other significant interventions.

In terms of financial inflows-it is estimated that the freeze has lost Kenyans about 85Billion Shillings a year. Pulling out such funding will create a shock in the economy no doubt. The spending power of some people has been cut off completely. The ripple effect on industries that have depended on these funds will be huge. We are talking hospitality and leisure here.

Courtesy of the freezing of funds, a lot has come to light. It is now clear that many governments in the developing world have left the management of crucial sectors at the mercy of donor funds. When your health, education, sanitation and such other needs are at the mercy of donors, you should look in the mirror and ask hard questions about whether you still qualify to be a government. We have also come to learn that some people have used USAID funds to push foreign ideologies in their host countries. There are reports about organizations that have been pushing LGBTQ ideology in conservative countries. This is an unfortunate use of critical resources that would make a difference on other things that really matter.

The reaction.



People in different quarters have looked at this new development through different lenses. Governments are feeling exposed because the carpet has been pulled from right under their feet. You can hear them shouting at the top of their lungs about why this is a bad idea. Those vulnerable members of the communities which were receiving help through these programs are pleading for mercy from DJT asking him to reconsider the decision. I feel strongly for them because they are caught up in a game of chess they know nothing about. We have a Swahili saying for it-fahali wawili wakipigana nyasi huumia loosely translated it means when two bulls are having a go at each other, the only thing that suffers is the grass beneath their feet. This is what those vulnerable members are going through now. We also have the local staff working within the said programs. For them, there is a loss of livelihoods. This is also something to empathize with. Most of them have been caught unawares with no idea how to proceed from here.

Many of these people are in a state of shock as we speak. It becomes important to navigate them through the stages of grief until they can pick up their lives and move on. The truth is that we are going to see a rise in issues of mental health as people try to navigate this complex web. What should our response be? It depends on where we stand. We could be observers, beneficiaries, employees or the government. I will attempt to speak about what our responses should be in each of these cases.

Observers

You occupy a unique position. You have the greatest ability to see things from a balanced, rational perspective. You can filter through the noise and offer practical help.

I know there is a temptation to castigate the government, employees and beneficiaries of the fund at this point. Let me say, this will not help at all. It will only aggravate the situation.

The best gift you can give them at this point is support and affirmation. This is the time to tell them that they are capable of coming out of this situation. It is the time to call out the greatness in them. It is time to tell them that they have what it takes to turn around the situation. This applies especially to the employees and beneficiaries of the various programs.

It is also good to point them away from and towards God. No matter how good a person is, they will never replace God in your life. They have limits they can take and distances they can cover after which they wear out. America is just tired of carrying the burdens of other nations in this day and age. I guess it is Ron Paul who said that foreign aid is an arrangement where money is taken from the poor people of a rich country and handed over to the rich people of a poor nation. This is a hard hitting truth we might not want to acknowledge.

Your government needs to be called out albeit respectfully. You have to find out why they are super dependent on foreign aid to run matters that should be basic for the government. More often than not, the countries that need too much help are suffering from a more serious pandemic in the form of government sanctioned corruption and abuse of office. Those are situations that demand hard questions and commitments to change.

Organizing protests against the US government is barking up the wrong tree. They are not responsible for the social burden of your country. They have their own issues to deal with. The rage needs to be directed towards our own local administrations.

You must also be ready to point out again respectfully the fact that certain NGO’s have nothing to show for the many years of work and dollars spent in certain communities. They have lived up to the mantra of nothing going on. We have heard stories about statistics being exaggerated to justify the flow of funds-Kibera anyone??? Such organizations are taking away money from people who genuinely need it for their own benefit with little happening on the ground. As an observer, you have a responsibility to call this out.

Beneficiaries

We are talking about the people on the ground who benefit from the various programs. What should the response be?

You need to drop the entitlement mentality which tells you that people owe you anything. Just because you have been supported for many years shouldn’t make you turn around and think it is my right. I know how hard it is to take this in and I truly empathize with you but I have to say that gratitude is what should be flowing from your lips. You should be grateful for the far the US has carried you. It is not their responsibility.

Your anger and confusion are justifiable but if you stay there, no help will come your way. The question you must start asking is-how can I start doing for myself, that which I have constantly depended on others to do for me? You have to drop that victim mentality and start seeing yourself as capable of handling this latest challenge. If you summon it, there is greatness within you. Decide today that you will take steps to solve the problems you have to without referring to others. Own your challenge and do what it takes to surmount it. Start where you are, with what you have, right now.

If you must direct your anger somewhere, direct it to your government not the US government. Let your anger be known at the ballot box. Let it be known on the platforms social or otherwise available to you. Demand for more from your leaders at both the local and national level. Be a voice for good governance, against corruption and abuse of office. Do not resign to the fate of helplessness. You are better than that.

Look at this as a wakeup call to take charge of your destiny. The fact that you are here means there is more to you than being a dependant. There are others in a situation similar to you or maybe worse who have actually moved on from dependency to being dependable. If they can, so can you. If they have, so will you. Rise up to the challenge and become who you are meant to be.

Employees

Kudos to you if you have been working tirelessly to turn things around in the community where you are based. Thank you for the good work and sacrifice you have made. You will turn out just fine if you have been a great person serving your community. You should only worry if you have been a leech reaping where you have not sown. If that be the case, brace yourself for an awakening. The good news is you have what it takes to be great from now going forward.

I know you may be having feelings of guilt asking yourself whether you made the right spending decisions when the money was flowing in. Well that is water under the bridge. The only thing you should do is learn your lessons and do better going forward. If you are good at what you do, another opportunity will come your way. When it does make sure you spend better on the things that will outlast your next assignment.

For some of you this might be a call towards your destiny. Sometimes the devil uses money to bribe you into forgetting what makes your heart race. It is time to do a deep introspection and ask yourself whether this is all you were meant to be. Some of you have gifts and talents that you have never put to use. Maybe this is the hour for them to spring forth. God may have been asking you to walk away for a long time but this was your comfort zone. Things may have been shaken up so that you wake up out of your slumber and find the place of your function. Some of you have capacity to create employment for others yet you are stuck in employment.

If you were prudent enough to save up a few shillings here and there, they will give you options. Find a good financial advisor who should help you make sound choices. If you need help in this regard, let’s talk.

The one thing you shouldn’t do is panic. Things are under control and if they are not, you will soon get them under control. The wisest thing to do when you are at your lowest is to look at where you are, what you have and where you can start. Unbeknownst to us, we carry more than we care to admit. A long focused look at your life will unearth gems that you can channel towards a productive life whether you have a white collar job or not. You got to where you are courtesy of your abilities. Just because you have lost an opportunity doesn’t mean you have also lost your ability. Transfer your skills to the next assignment that needs you.

There are many things I can say but now is not the time. One thing I will conclude with is that this challenge will bring out many different results. Some will go on to build successful futures out of this setback while others will fade into oblivion. What matters is what you have on the inside of you. How will your story end? Will you be one of those who couldn’t cope with the reality or will you like a phoenix rise from the ashes and go on to conquer? I am rooting for you. Don’t let yourself down.

Governments

I acknowledge that you found these programs in place. Some of them have been running for decades. Fortunately or unfortunately, you have been chosen as the one to make the move in a different direction. To speak to the Kenyan case this is what I will say. 85B is such a small amount of money if we tighten the loopholes we have in government. Our former president spoke about the country losing 2B daily to corruption. What that means is that we have the capacity to recover close to 720B annually if we just close this one tap. The question is, do you as government have the balls to make this hard call? The funds we are crying foul about are available in our current budget. Why should we proudly say that a third of our budget is usually lost to corruption? Why does our procurement have to be at exaggerated rates.

If I was in government today, I would form the equivalent of DOGE to probe wastage and make recommendations for making things right.  This is not hard to do. The hard bit comes when we talk about implementing those recommendations. What has happened in the US in less than a month is that action has been taken on the recommendations of DOGE. The problem we have in this country is that we have good reports gathering dust in various government departments.

Any self-respecting government will look within and ask where did the rain start beating us? Donor dependent countries will start talking about looking East, finding alternative sponsors. Isn’t it shameful that over 60 years after independence we are still depending on foreign aid to run basic programs? Isn’t it shameful that the founding fathers of our nation spoke about fighting disease, poverty and ignorance yet today 60 years later we still talk about the same things in our manifestos? Don’t you have the slightest respect for your manifesto? DJT is not a perfect man. He has many issues we can talk about but one thing you cannot accuse him off is lip service. When he promises the electorate he will do something, you best believe he will. Is that too much to ask of you as leaders? When will we move on to bigger fish? For how long shall we talk about being sabotaged by the West? What have we done with our natural resources? What about our human capital? Are we saying the best we can do is to send our people to the Middle East for menial jobs?

My advice to the government of the day is decide to do what needs to be done on the matter of basic programs. Recover that money from our current resources. Make corruption and abuse of office extremely costly that no one thinks about doing it. Move on from lip service and become intentional about transforming the country. Decide that you will no longer bear the shame of passing around begging bowls to see who will be merciful. Where there is a will, there is a way.



In conclusion I see this move by the US as a blessing in disguise for the developing world. It is our opportunity to rewrite our history. If we as Africans can find a way of weaning ourselves off depending on foreign aid, our voice will be much louder on the global stage. We have a responsibility to bring out the greatness of Africa and it begins with us becoming self sufficient on the basic needs of our continent. We need to get to a place where our best and brightest want to stay around and build our continent. We must work to ensure that we are the solution to our own challenges. Homegrown solutions work best. It is time for the real Africa to stand up.   

Monday, February 10, 2025

Men, Love and Money-A Valentine's Day Special Issue

 


Men

Valentines is coming up in a few days. Let’s talk about money, love and Valentines

Are you excited about it as an opportunity to display your love or are you feeling the pressure because you know the finances are just not in place to create a memorable experience?

As a fellow man, I have known those moments where you want the day to be over and done with simply because you have nothing to offer-at least from a financial perspective. I have also known days when I was looking forward to the day because I was all set. I don’t know many things but this one thing I know-I am better off with scenario two than one anytime.

Before I go any further, I must put a disclaimer. Money is not the only way/tool you can use to display love to your significant other.  Supporting them, being present for them, taking a genuine interest in them and their passions will go a long way in winning them over. Different people have different love languages according to Gary Chapman author of ‘The five love languages’. Your job is to find out what the love language of your significant other is and express it to her like she wants it. 

Having said that, it is important to understand that money plays a significant role in the sustenance of any relationship. Love needs to be expressed. No one is interested in secret love. If you doubt it, check John 3:16. Because God loved, He gave. Money is not just a medium of exchange, it also doubles up as a medium of expression of love. Even those who do not necessarily find much value in gifts will appreciate being spoilt occasionally. My wife is like that. Such people are at risk of being neglected because they don’t speak up often about these things. The onus is on you to be intentional about showing love in this dimension. While money is not an end in itself, it facilitates you to express love to the people who matter in your life.

What makes things more interesting is that true love is expressed moment by moment not just on some special occasions. Those special occasions like Valentines are good because they remind us of the need to appreciate our loved ones away from our busy schedules. We must cherish and make the most of them. In addition though, we must put ourselves in positions where we can express love to our own randomly, without any special occasion on the horizon. I am of the opinion that doing this takes away the pressure of having to put up a performance every 14th of February as a show of allegiance.

I know you have some deep love for your bae. What you need is to have a plan in place for displaying that love as and when the need arises.

The big question becomes. What should you do given your current realities?

We live and operate in different realities. Here are a few suggestions from yours truly.

Be honest about your current reality. Be clear about where your finances are at the moment. A lack of clarity here will lead you to make irrational decisions which you are likely to regret later. A good assessment of your situation will determine how much you can handle without overstretching yourself. I have a great tool you can use to assess your current financial state of affairs in case you are not sure what to look at. Talk to me if you are interested in making use of it. If the numbers make good reading, spare no expense in spoiling her. She deserves it. If the numbers don’t look good, cut your coat according to your cloth.

Manage Expectations. When you know where you stand, it also becomes important to manage your partner’s expectations well in advance. Have a sit down to talk about where things stand and what is possible. It is better to state the way things are early on than disappoint her on D-day.

Go out of your way. For the one you love, it shouldn’t be too much for you to make a small sacrifice here and there. While I advocate above that you do not overspend, part of expressing love is the sacrifice you make for the one you love. Let it be known that you are ready to inconvenience yourself a little to show love to your beloved.

Commit to improving your lot. There is nothing wrong with being in a tight spot financially at the moment. A lot of things could have led you to this point. The tragedy is if you resign to this reality and believe that you will never be and do better. 12 months is a long time if you are committed to turning things around. You can make up your mind to be at a different spot this time next year. Look at the present as motivation to turn things around fast.

Don’t go into debt. Going out of your way doesn’t mean you should go into unmanageable debt just to get things done. In these days of Fuliza, Tala, Branch and similar micro lenders you might be easily tempted to take on unsustainable debt for 1 day of fun. My advice… don’t.

Budget for it. Part of being intentional in expressing love to your personal person is to decide that from today onwards, you will have it as an item on your budget. This puts you in a position to give her mini treats without breaking the bank and also splashing on her during those special occasions like Valentines.

Create an income generating asset for her. Imagine having an asset that generates income to treat her. This could be an MMF account where you decide that the interest generated goes towards treating her. I can almost guarantee you that you will make more money from it than you need to treat her. This is what I call a win-win situation. If you need help setting up an MMF or a discussion on other available options, do not hesitate to contact me.

Remember there is life before and after Valentines. Valentines is not the end of the world. As a man. The responsibilities on your shoulders go beyond Valentines. You must think about your overall financial well being beyond the special occasions you have to contend with. The provision for your family is your responsibility. Their education is dependent on you. After you are done taking care of them, you are also expected to take care of yourself in your old age. How do you ensure that you remain focused and maintain your frame as all these things unfold?  At Optimize Institute we help you get a firm grip on your finances through our training, coaching and consulting programs. 

Do not sweat out the details all by yourself when help is available for you. Let us know if you need a hand navigating the web of the Financial intricacies we occasionally find ourselves in. It is possible to come out stronger and better when we hold hands and push in the same direction. You can reach out on +254725832477 or asenasam@gmail.com to initiate a conversation. 

I pray that wherever you find yourself this Valentines you will enjoy the moment as you make the most of it. Happy Valentines. 

Friday, October 4, 2024

Glimpses of Greatness



Many times in life we fail to take note of glimpses, passing glances. They can be so mild that our senses will miss them. We love grand gestures and dramatic shows. Those excite our emotions and take us to cloud 9. But did you know that those glimpses are a precursor to the grandeur. Did you know that taking note of and appreciating the glimpses opens the door to the dramatic show you are waiting for. This is an article about an attitude of gratitude. How would you rate yourself when it comes to appreciating the little things in life? I am reminded of the song Simple tins by Tarus Riley if I am not wrong. 

There is nothing wrong in wanting to see great things happening. We all want to see it and that is fine. The only issue is when we fail to take note of the simple ones and express gratitude for them. There is a lot we lose when we are focused only on the mindboggling occurrences of our daily life.

Focus on the Journey

Do not be so focused on the final destination that you fail to enjoy the journey. Taking the SGR or bus to the Coast is a good example to use here. There is so much beautiful scenery along the way. It would do you a great disservice if you only focused on the beach you are going to see at the coast. You would miss out on the beauty of the Tsavo, the distant view of the Taita Hills, the stopover at Mtito Andei and so much more. The loss would be significant. Appreciating the glimpses of greatness along the way sets the stage for the grand experience of the vacation at the coast.

Mercy drops

Before the Showers of blessing, there are drops of mercy. Ezekiel 34:26. Before a heavy downpour, there are light showers to prepare the way. Don’t put off your celebration until the heaviness comes down. Enjoy the build-up. Be grateful for the build-up. Revel in the build-up. The victory tastes much sweeter when you remember the process you had to go through.

The leper

Luke 17:11-19. A story is told about a group of lepers who went to Jesus and received healing from him. While 9 of them went on their way as though they were entitled to it, one remembered to go back and say thank you. Something profound happened when he did so. There was a perfection of what he had received. Jesus told him your faith has made you whole. The concept of wholeness is such that nothing would be missing as far as his wellness was concerned. Gratitude opens the door for God to be and do more for you. It’s the secret sauce to the best God has to offer. Don’t be stingy with your gratitude.

Balance

I have noted something about the Israelites when it comes to giving thanks. They are extravagant. Just read Psalm 137 to see an example. Or check out Stephen’s sermon in the book of Acts. They have a way of enumerating everything that God has done for them through the ages. Unfortunately some of us don’t remember to do that. We are quick when it comes to asking for stuff from God but very stingy with our gratitude. I am calling us to a place of balance where you spend as much time giving thanks as you do asking for the same blessings. The God who gives delights in the gratitude of his people. We must learn the art of thanksgiving.

Bears, lions the Goliath

David’s story is also a good reminder. 1 Samuel 17:34-38.  When it came to facing Goliath, he had the confidence that he would triumph. The reason for this was that he had seen earlier victories in his life facing lions and bears in his daily grind. The little victories prepare you for the big battle that is coming ahead. They show you what is possible if you trust in God. Remember to reflect on the far that God has brought you and be thankful for it. It will energize you to go to the next level. So go ahead and celebrate that small opportunity, make the most of the current hand you are dealt, how you handle it will determine how tomorrow looks like for you. He that is faithful with a little will be entrusted with a lot more. Don’t be ungrateful because you are waiting for that big break to testify.

Awhile back I wrote a book entitled Blessed to be a Blessing where I delved deeper into this conversation. If you would like to know some of the things you can thank God for, grab yourself a copy by placing your order through CLC Kenya https://kenyaclc.org/shop/blessed-to-be-a-blessing-2/ 


Wednesday, September 25, 2024

Pros and Cons of Money Market Funds

 


I love the fact that Kenyans are increasing their literacy when it comes to Finances.

It is good to hear many people asking after MMFs and other asset classes.

I would like to explore a few pros and cons of this asset class in this article

Pros

Ease of liquidity. It is so straight forward that you can deposit money today and request for it after three days and it will be readily available much like a regular bank account. This makes it ideal for money you need to access speedily. Unlike the bank which will keep your money at little to no benefit to you, this will give you the benefit of returns no matter how short a duration the money stays.

Ease of joining. Just like a normal bank account you will fill a form and submit your identification documents and KRA PIN. That alone will be enough to get you started once you deposit the initial amount. This varies across different providers.

Modest returns. Most of them will give you returns above 10% per annum. The returns are also compounded meaning the longer you stay and maintain discipline the more you will earn from it. This is one of the easiest ways to generate passive income.

Flexibility of contributions. You are at liberty to top up your contributions at any time with any amount though some will have a minimal top up amount.

Spread of risk in low exposure instruments. The fund utilizes call deposits, T-bills and bonds. These are low risk instruments which have little risk of default.

Cons

A challenge to maintain saving discipline because of zero safeguards. Since no one requires you to contribute regularly, you are likely to slide into indiscipline when it comes to growing your money steadily.

Ease of liquidity makes long term saving tricky-requires great restraint. Unless you are highly disciplined or put an automated system in place to grow your long term savings, you will not be able to go too far. That liquidity is a blessing and curse in equal measure depending on how you navigate it. You need to be clear on what you are saving or investing towards and if you realize the MMF is derailing your long term goals, then switch to an alternative that will make it easy for you.

Variable disparity in gross and net return. It is important to know that there is a gross and net return. There are fees and taxes applicable to the return which you need to take note of as you sign up. Think about the net return because that is what you should be expecting.

Returns Subject to market forces-applicable to majority of asset classes. While the MMF is low risk it is still subject to the movements of the market. Any shocks will touch the returns but the beauty is that this is not exclusive to MMF but affects majority of classes

Laissez faire approach to contributions takes away predictability of position. It is difficult to predict your own growth as an investor except you put in safeguards in the form of automated savings.

To choose or not to choose MMFs as an investment vehicle? That depends on your goals and aspirations. 

Monday, September 16, 2024

A little on Money, Savings, Investment

                                                    


Savings are the beginning of the journey to Financial Freedom. How much of your income are you saving currently? Where are you saving? What is the Rate of return? How secure is your money?

Before you save

First things first. You cannot save what you do not have. How are you making your money? Utilize your skills and abilities to generate as much income as possible right where you are.

Considerations

When you are looking for a place to save, it is important that you find a place with a mix of benefits to you.

Returns

Put your money where it will labor hard for you. Do not keep it where the rate of inflation will wipe away its value. Worse still, do not put it where there is close to zero in terms of return. Enlighten yourself with the knowledge you need about the alternatives you have.

Security

It is good to pursue high returns but you must also be careful not to sink your hard earned cash in a Ponzi scheme. The security of your money is and remains a key consideration.

Access

How easy/hard is it for you to access your money when you need it? It is important that you decide from the onset what your goals are with regard to your savings. Knowing the why behind your savings will dictate a lot of things. If these are emergency savings you will definitely want a place where you can access the money on short notice. If you are thinking long term you want to be in places where there are restrictions on access. Let your goal dictate the vehicle you choose.

Reputation

What is the track record of the institution you want to put your money in? Can you vouch for them unashamedly? Do you have social proof that they deliver on their promises? While some institutions rely on their good name with nothing to offer presently, skin in the game is an important consideration when you are choosing an institution. If possible seek to understand the top leadership of the institution and their track record. If they have questionable reputations, it is m=important to tread carefully because leopards rarely change their spots.

Financial strengths and fundamentals.

Are you able to tell the financial strength of the institution? Do your due diligence before you hand over your money to anyone. Make sure the institution is fundamentally sound. Look at its financial statements, line of business, associates and affiliates among many other things. They will give you a clue as to the safety of your money.

Fees involved

Seek clarity on any fees, taxes and other charges the plan attracts. Without this info, you might find yourself eating into your gains without noticing. The charges need to be as low as possible to maximize on your potential return.

The options of a saver

Money gives the possessor options. This is where the elements of financial freedom start to kick in.

With money I can set up a business responsive to my strengths and a good fit for me. When I go into a business I am well suited for, then I am no longer working but living my dream.

I could also choose to continue working where I am currently but from a position of strength knowing that should I be let go, I have a soft landing.

I have the option to buy into a portfolio of stocks, bonds, REITS and many other investments that will earn me interests and dividends. Depending on the size of my savings, I could easily replace my income with the interests I gain from my investments.

Wealth creation is a marathon. The problem with today’s generation is we want to make a sprint out of it. It is important to know that wealth that comes easy flies easy too. Wealth that respects process will outlast any shakeups.

Are you ready to start running the Marathon of Wealth Creation? Talk to me today and I will be your guide along the way. Reach out on +254725832477 or Samuel.asena@advisor.jubileekenya.com

Don’t put off till tomorrow what you can do today.