@TheStar

 e  ree Laws of Money

12 months ago, 12 Jan 23:12

By: Samuel Mpamugo

The day Lehman Brothers went down, I got an alarming call from a friend in Boston. We were shocked. We didn’t see it coming. Before the closure,Lehman Brothers had been operational for 158 years with over $600billion in assets. The news sent ripples across the financial world. It changed my life. For the first time, it dawned on me that any company, of any size or length of duration, can go down. Previously, I felt large businesses were simply too big to fail. If size and length of existence isn’t enough to sustain a business, what can? One simple answer is: money laws. Whatever the issues, if these three money laws are broken, any business would go down. They are: make money, manage money, multiply money. If you’re not able to make, manage and multiply money consistently, you can’t sustain wealth long term. Law One: Make Money – Do you know how to make money? Are you capable of creating something that guarantees consistent pay for you and others? This is an important skill to have in the wealth creation process. The ability to legally make money through enterprise is a key economic driver. If you don’t know how to make money, your financial future is endangered. So, it helps to learn to increase your money-making capacity. Know what problems to solve to get paid. Acquire the skills necessary to make your value cash worthy. Law Two: Manage Money – Once, I only knew how to make money and wasn’t skilled at managing it. Some people are challenged that way. Their gifts open doors and bring in cash, but poor management skills keeps them broke. In the wealth creation process, managing money is as important as making it – and spending it all isn’t a strategy. Usually, people who know how to manage what they make, do better than those who earn much more but lack money management skills. Making money isn’t enough, if you can’t manage it, wealth creation would be difficult to achieve. Law Three: Multiply Money – You make good money, you manage it well, now what are your plans to multiply, increase or grow it? There are ways to increase your funds. There are different investment opportunities to explore. Find the ones that suit you. The idea is to find an avenue for your money to increase over time. That way, wealth accrues without your direct physical involvement. If you only earn and manage without a financial growth machine in place, wealth creation is unlikely. Email:      
Read More


Category: topnews news business

Suggested

24 minutes
@TheStar - By: Pscu @thestarkeny ...
Uhuru, First Lady host Christmas party for children

President Uhuru Kenyatta and First Lady Margaret Kenyatta on Saturday hosted a Christmas party for children of State House staff and police officers attached to presidential security units.Children fr ...

Category: topnews news
1 hour ago
@TheStar - By: Star Reporter @th ...
KCB outclass Homeboyz to march on in Kenya Cup series

The KCB rugby team came off an empathic win over their rivals Homeboyz RFC on Saturday afternoon at the Lions Den, Ruaraka, beating them with a convincing margin of 34-15 at the end of the 80 minutes ...

Category: topnews news
3 hours ago, 18:19
@CITIZENTV - By: Matthews Mutai
Kariobangi Sharks defy the odds to hold Kotoko in CAF match

Kariobangi Sharks defy the odds to hold Kotoko in CAF match ...

Category: sports topnews news
3 hours ago, 17:47
@DailyNation - By: Afp
US judge rules Obamacare unconstitutional, Democrats vow to appeal

Ruling on the eve of deadline to sign up for 2019 coverage in the Affordable Care Act. ...

Category: topnews news
3 hours ago, 17:58
@CITIZENTV - By: James Were
Homeboyz skin timid Leopards as Mathare surge continue

Goals from Peter Thiong'o, Ravel Maxwell and George Mandela were enough to seal the victory for Homeboyz, sealing their second victory on the trot. ...

Category: topnews news sports
4 hours ago, 16:51
@CITIZENTV - By: Agencies
Yegon, Chepkemoi to defend Kisumu Marathon titles

The event will feature different categories including the full marathon (42km), 10km race, 8km event for junior men and 6km race for junior women ...

Category: topnews news sports

@TheStar

 e  ree Laws of Money

12 months ago, 12 Jan 23:12

By: Samuel Mpamugo
The day Lehman Brothers went down, I got an alarming call from a friend in Boston. We were shocked. We didn’t see it coming. Before the closure,Lehman Brothers had been operational for 158 years with over $600billion in assets. The news sent ripples across the financial world. It changed my life. For the first time, it dawned on me that any company, of any size or length of duration, can go down. Previously, I felt large businesses were simply too big to fail. If size and length of existence isn’t enough to sustain a business, what can? One simple answer is: money laws. Whatever the issues, if these three money laws are broken, any business would go down. They are: make money, manage money, multiply money. If you’re not able to make, manage and multiply money consistently, you can’t sustain wealth long term. Law One: Make Money – Do you know how to make money? Are you capable of creating something that guarantees consistent pay for you and others? This is an important skill to have in the wealth creation process. The ability to legally make money through enterprise is a key economic driver. If you don’t know how to make money, your financial future is endangered. So, it helps to learn to increase your money-making capacity. Know what problems to solve to get paid. Acquire the skills necessary to make your value cash worthy. Law Two: Manage Money – Once, I only knew how to make money and wasn’t skilled at managing it. Some people are challenged that way. Their gifts open doors and bring in cash, but poor management skills keeps them broke. In the wealth creation process, managing money is as important as making it – and spending it all isn’t a strategy. Usually, people who know how to manage what they make, do better than those who earn much more but lack money management skills. Making money isn’t enough, if you can’t manage it, wealth creation would be difficult to achieve. Law Three: Multiply Money – You make good money, you manage it well, now what are your plans to multiply, increase or grow it? There are ways to increase your funds. There are different investment opportunities to explore. Find the ones that suit you. The idea is to find an avenue for your money to increase over time. That way, wealth accrues without your direct physical involvement. If you only earn and manage without a financial growth machine in place, wealth creation is unlikely. Email:      
Read More

Category: topnews news business

Suggested

24 minutes
@TheStar - By: Pscu @thestarkeny ...
Uhuru, First Lady host Christmas party for children

President Uhuru Kenyatta and First Lady Margaret Kenyatta on Saturday hosted a Christmas party for children of State House staff and police officers attached to presidential security units.Children fr ...

Category: topnews news
1 hour ago
@TheStar - By: Star Reporter @th ...
KCB outclass Homeboyz to march on in Kenya Cup series

The KCB rugby team came off an empathic win over their rivals Homeboyz RFC on Saturday afternoon at the Lions Den, Ruaraka, beating them with a convincing margin of 34-15 at the end of the 80 minutes ...

Category: topnews news
3 hours ago, 18:19
@CITIZENTV - By: Matthews Mutai
Kariobangi Sharks defy the odds to hold Kotoko in CAF match

Kariobangi Sharks defy the odds to hold Kotoko in CAF match ...

Category: sports topnews news
3 hours ago, 17:47
@DailyNation - By: Afp
US judge rules Obamacare unconstitutional, Democrats vow to appeal

Ruling on the eve of deadline to sign up for 2019 coverage in the Affordable Care Act. ...

Category: topnews news
3 hours ago, 17:58
@CITIZENTV - By: James Were
Homeboyz skin timid Leopards as Mathare surge continue

Goals from Peter Thiong'o, Ravel Maxwell and George Mandela were enough to seal the victory for Homeboyz, sealing their second victory on the trot. ...

Category: topnews news sports
4 hours ago, 16:51
@CITIZENTV - By: Agencies
Yegon, Chepkemoi to defend Kisumu Marathon titles

The event will feature different categories including the full marathon (42km), 10km race, 8km event for junior men and 6km race for junior women ...

Category: topnews news sports
Our App