Banking on sense

I’m back after a very long sabbatical from blogging. Over the months, weeks, days I have learnt a lot in regard to this life and our society. The confidence I have is that one day all the issues that bedevil us in our society shall be sorted and a lasting solution shall be found for which our future generations shall be grateful to the decisions we made.

In over 8hours a day, I’m exposed to the Internet thanks to my new roles now. The amount of time spent online has significantly increased and while consuming the online message, I came across Eric Kinoti’s cents of advise which I titled it “Banking on sense.”

A simple question; what do the likes of the late Njenga Karume, John Michuki, the Ndegwa family, Mwai Kibaki, Ndung’u Wanderi among many others have in common? They are all billionaires. One common denominator trait that they all possess even as families is a great a lesson for all of us. Two great lessons we can learn are;

The power of many (numbers)

The richer you are, the further you go away from your business in that you disassociate yourself from the business. On the other side the poorer you are the more you want to identify with the business. How many people know what Kenyatta’s own? Yes, that’s what I mean. Successful business people do not have “my business attitude,” instead they have “our business.” That’s why when you go to places like Sarova Hotels, chances are some employees there do not know who owns the place and have never seen him/her. But when you go to a poor person’s, 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. You need to understand the power of partnerships and good partnerships in that matter.

The art of borrowing

These people are serious borrowers. Borrowing money is their cup of tea and signature. If you have never borrowed money, you will never lend money and cannot lend it if you don’t have it. A simple description of a bank is a broker between the poor and the rich. The only place where the two meet is in a bank. The poor brings the money and the rich takes it. A poor person saves the money because they have more money than their thinking capacity. So they keep the money there so they can go and think what to do with it while the rich people come to pick that money because they have the many ideas than the money they have. The rich come to pick that money to go and implement their great ideas. Only poor people operate savings and fixed deposit accounts (no disrespect and is disputable). Fixed deposit accounts are for the living dead. People who undertake and 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. Most rich people operate current accounts. Therefore, this is to mean that a bank exists purposely for the poor to bring in the money and for the rich to come and take it away. Banks make more money from borrowers than savers hence they respect the former more. Be a borrower and not a saver, period.