Your 3-point Kenyan plan to an amazing year!

Posted on by Editor
We’ve been in and out of office quite a bit over the past month and it’s exciting to see our Clients (both individual and Corporate) plan for an amazing year!
 
Today, we have distilled a lot of what we say into a digestible 3-point plan that anyone can use to get ahead, in the coming year.  Forward this to your family, friends and colleagues who may need it, and join us at any of our learning programs, at your right time.
 
 
Welcome to Capital Edge Solutions
 
Your 3-point Kenyan plan to an amazing year!
 
1.  Have a plan
 
Yes, it’s obvious … but, not quite.
 
Think about it – Many of us compile a shopping list prior to that weekly shopping expedition.  Those who don’t have a written-down list, simply use their mental list to pick the items they remember they need to buy.  So what are we hoping for in life? How much are we leaving to chance?  Why is it that we know what we should be eating, but not what we should be doing with our money?
 
What should we call this plan?
 
Why not call is a “Legacy Plan” – that’s surely more interesting than Money Plan or Investment Plan. Or if your dream is to plan for Freedom from your Payslip, try “My Hawaii Plan”.

Dream and explore, then name your Plan with an inspirational name.
 
How to develop your plan
 
Ideally, craft your plan with a minimum of 4 parts:
a. automated income generation
b. savings
c. investments
d. protection
 
Borrowing is an option, so if you want to borrow with less stress <<show>>, you may add “debt” as the 5th option.
 
2.  Plant your seed
 
Question:  Where will your extra cash go?
 
 
Farmers are some of the best investors in our Kenyan market.  They plant their seeds, water, weed and simply wait for the harvest.  At some fundamental level, action is what is needed to convert your seed into a harvest.  So what are you doing with your seed, that is, any spare cash that comes along your way?
 
The seed is in your hand
 
Good examples of spare cash:
a. Sacco dividends (paid at the end of the year)
b. Your 13th salary (paid with your December salary)
c. Your annual bonus (paid in Quarter 1 the following year)
d. Monetary gifts or inheritance
e. Pension proceeds
 
It may be time to get new ideas of where to plant your seed. Ideas that will lead to an easier harvest. The money (seed) in your hand is a God-given opportunity to make a difference, not just in others’ lives, but also your own.
 
3.  Harvest
 
Question: Which part of “let go” is hard to understand?

 

These words have the same meaning as “let go”
a. trading
b. churn
c. exit strategy
d. actualised profit
e. sell
 
In our daily work of helping our Clients achieve more with what they already have, we often come across the typical breed of Kenyans (been there!) that want to hang on to all their investments, even when life has pressed them into a corner.
 
We call this attitude “being a 1 bob guy” (taken from Parable of the Talents). Paralysis often occurs because there was no plan in the first place!  So go back to Step 1 and develop a plan.  Get the necessary help you may need – and know that plans are like vehicles; they require regular servicing.  Treat your plan like a one-off affair, and your plan will knock!
 
How do you let go?
It is written that some seeds that fell on good soil multiplied 30, 60 and some 100 fold.  For sure, you are good soil – that is, you open your eyes and ears, and you learn, and then you go and apply.
 
Eventually, the farmer harvests, right?
Does the farmer agonise about harvesting?  Nope.
Why? Because harvesting is the logical thing to do.
It’s just how things work in the natural laws of the universe.
 
Likewise, when it is time to sell your plot (where you had planted your Sacco dividends), will you agonise? Or will you understand (Proverbs 23:23) that the harvest season has arrived?  So buy that book, buy that dvd, buy that program, attend that seminar that can help you attain a deeper understanding of how money works for you.
 
 
#1 take-away question
 
What do you need to off-load or sell,
to help you get where you want to be?
 
#1 thing to do
 
Practise “letting go” and let God do His work.
Let Him, through time, convert your seed into a harvest.
 
#1 truth to acknowledge

 

 
You say you have faith,
yet you want a guaranteed outcome?
Discuss.
 
—
 
It may be time, to do more.
And then let time do more, for you and your loved ones.
 
Indeed, your best days … are ahead!
 
Choose wisely.
Happy Investing!