It's better to be the last among the rich than to be the 1st among the poor.

I recently attended a meeting organized by Fountain Enterprises Program headed by one Mr. John Githaka who is the founder & CEO.

With my pen & notebook, I put down some notes that were worth sharing.
Mr. Githaka told us he was so ambitious from childhood that he managed to join the only secondary school he ever wished of joining, (while everyone else selected 3 schools,
he only did 1 school); he went to the university he dreamt of & pursued the career he'd wished for.
But after becoming an architect (the only job he knows he could make money without struggling) he realized that still, he didn’t have the clout & clamor of a billionaire. He wanted to make more money. So he listed down 10 billionaires in Kenya. The likes of Njenga Karume, John Michuki, Chris Kirubi, Mwai Kibaki etc & embarked on a study about these people. His main aim was to discover what happened with them. When was their turning point? What did they discover? What do they do? What don’t they do? Obviously, these are normal men, with normal upbringing & faced the same  challenges as their peers but there came a time when they broke loose from their peers & ended up where they are.
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So in 3 years, he tried & met 9 out of the 10 billionaires, just to try & discover them. After interacting with them, he found 5 things about these
guys that they hv in common & made them be where & what they are.
The five things are:
1. They Understand The Power Of Many (Numbers.)
The richer you are, the further you go away from your business (you disassociate yourself from the business), but the poorer you are, the more you want to identify with  your business.
Successful business people do not have “my business”, instead they have “our business idea". That’s why when you go to a place like Silversprings hotel, chances are some employees there do not know who owns the place & have never seen him/her. But when you go to a poor person’s business, that person is always there, worse even acting as the cashier, accountant, attendant, etc. The trick of business success is in numbers not in self. As long as you have a personal business called “mine” then be sure you are headed to poverty. People die but companies don’t die.

2. They Are Serious Borrowers.
Borrowing money is their cup of tea & signature. If you have never borrowed money, you will never lend money; & can't lend it if you don’t have it. A bank is a broker between the poor & the rich. The only place where the 2 meet is in a bank. The poor brings the money & the rich takes it. A poor person saves the money bcos they have more money than their thinking capacity. So they keep the money there so they can go & think what to do with it… Rich people come 2 pick that money because they have many ideas than the money they have. So they come to pick that money to go & implement those great ideas. Only poor people operate savings & fixed deposit accounts. Fixed deposit accounts are for the living dead. People who undertake & commit that they will not think about any idea for that money until the expiry of that period of time, otherwise they will be penalized. Rich people operate current accounts. Therefore, a bank exists purposely for 2 reasons:
A) For the poor to bring in the money
B) For the rich to come & take it away.
Banks make more money from borrowers than savers. Hence they respect the former more.

3. They have High Level NETWORKS!
These people as explained in the 1st point believe in the power of many. As a result, they have many like minded friends who can be of benefit to them. They have friends all over. Rich people have no age, tribal, geographical or gender boundaries. It doesn’t matter who or what u are as long as u are of value  to their ventures. Building such networks need alot of travelling & interacting with people. People never get rich in their hometown. Somebody who dreams of being rich, regardless of their age or status, must have; a Driving license (cos they will own a car – its criminal to be seeing cars everyday but never own one.), a Passport (cos u must travel widely to expand your networks & to sharpen your mindset – If u have been buying a suit in Kenya for Ksh. 30, 000) & find it in China at Ksh. 800, your language & ideas change). You must know how to swim because  you are going to have fun & relax.

4. They Are Great Risk Takers!
As long as you avoid taking risks, you are headed to the grave poor. Taking risks is like walking in the dark. You know where you are going but can’t see it. Better still, you are more confident & secure when you are accompanied than when alone. The more people you have, the more secure, hence the 1st point. Risk taking is about numbers.

5. They Have Read The BIBLE!
They understand & make use of the parable of the sower. The seed is the shilling. They put the shilling on fertile land. They simply know where  to put their money & where not to put.
They understand the current business trends & make business decisions with this in mind. If you bought a plot 5 years ago at Ksh. 500,000, you  are worth nothing 5 years later except that plot even if it will be worth 2 Million. A rich person will invest that same money somewhere where it will be worth 2 Billion within the same period of time. That’s why u find a 2-bedroom house varying from Ksh. 2,000 to Sh. 80,000 or even more from one place to another. Or a cup of tea ranging from 5 bob to Ksh. 1,000. Yet when you ask all these business people, you will discover that each one of them decided the price. Why the variance? They know the value chain. In business the “Higher you go, the cooler it becomes….. & the lesser the pressure". A landlord collecting 2,000 for a 2-bedroom house has more problems than his colleague collecting 80,000 for the same house elsewhere. While one has to literally come collecting payments at 4am every 1st day of the month (lest the tenant escapes), the other’s money is safely banked in his account even before the month ends. While one can even bargain with the tenant about the rent, the other is fixed, & you either take or leave it. While one, regardless of the cheap rent has few tenants, the other has a problem of too many tenants coming to look for housing. Same with the tea business. The one for 5 bob, the cup is bigger than the 1,000. Yet the 5 bob one can even “choma” you if you are not careful & you can even pay later if you don’t have cash unlike the 1,000 one. Chances are the 5 bob businessman doesn’t even have a bank account or goes  to save, & he does everything in his business.
You should know where to put your money. Create value for your cash, don’t battle with market prices. They are not your limit. It's  better to be the last among the rich than to be the 1st among the poor.
A Poor (POOR) Person Is One Who Passes Over Opportunities Repeatedly.

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