Five proven ways of earning Money in Kenya.

 1. Copy writing 

Copywriting: You don't have to be an expert writer to earn money from writing. Many companies will pay people to write articles on various topics for their websites. As long as what you write is interesting and well-researched, you can earn a decent amount of money per article, even if it isn't grammatically perfect. 

There are hundreds of local and international websites always hiring new writers - you could pitch to them directly or create an account at freelance websites such as Upwork and get linked to companies looking for writers. The upside of working through freelance websites is that your income is guaranteed - a client cannot shortchange you as opposed to dealing directly with them. However, you will have to part with a percentage of your earnings to enjoy the service.

2. Flipping Clothes

Flipping Clothes - Kenya's economy has been growing over the past couple of years, and with that growth has come more potential customers. If you have clothes lying around that will fit Kenyans, why not sell them on Facebook or at a flea market? Depending on how appealing it is to the target customer, you can make a significant amount.

 

3. Delivery Services

Kenyans, especially since the pandemic, have become very receptive to the idea of allowing others, that they have never met, to run errands for them. The business of deliveries has thus become very popular over the last two years. 

Using various means including door-to-door marketing or on social media, or setting up a brick-and-mortar company, you offer to deliver items at a fee. You are responsible for the logistics of getting the thing to its destination, but it can be almost anything. 

The possibilities are endless. You can help people move things around town or even across the country without paying for shipping or gas. You're helping others out and making money at the same time.

4. Taxi Services

Offering taxi services in Kenya is a great way to make money fast. Many taxi companies need drivers, and they're willing to pay well for drivers who can accept credit cards. You can also drive if you own a vehicle and sign up for taxi-hailing apps such as Uber and Bolt. 

Note that the taxi business is complex with the rising fuel prices, the need to service car loans with fidelity, and some taxi apps may have low margins that may not meet your needs.

Nevertheless, when well run, a taxi business can guarantee a daily income with a very low barrier to entry which makes it one of the easiest ways to make money fast in Kenya. 

5. Cleaning Services

Office space in Nairobi has expanded significantly over the last decade which birthed the need for professional cleaning services when the idea of hiring a permanent cleaner became less viable. 

Domestic cleaning services have always been in demand with mama fuas running the show on a much, much smaller scale in low-income neighbourhoods. Given the option of a more professional, structured cleaning service provider, many will buy in - especially in middle-income homes that have more specialised needs. 

Being a service that thrives in high trust, you have to spend some time brand building, possibly choosing a niche area or niche service, and start onboarding customers who will be your ambassadors. Setting up a formal cleaning company is the best way as opposed to advertising an individual. 

HOW TO BE AN ENTREPRENEUR

Many of us want to become entrepreneurs.

Starting your own business is one of the biggest dreams of our times.

But how do you get to be an entrepreneur?

Most of the advice focuses on the practicalities:

writing a business plan, raising money, finding staff, marketing and PR.

We'll go down a different route.

In our eyes at the heart of successful entrepreneurship lies something oddly more abstract:

an accurate insight into the causes of human unhappiness.

To be an entrepreneur means, essentially, to become an expert in the things that make life difficult for people.

That's because every properly ambitious business is in some way trying to fix things for other people.

And the bigger and more original what you're trying to fix happens to be, the more successful your business can be.

Because consumer society is now well developed,

it may be easy to think that all the big problems out there already have thousands of fixes anyway.

Think of all those car companies, or pizza outlets, or news websites.

We surely have enough of everything.

What could we possibly add to what's already out there?

But to get a sense of the vast opportunities that still remain in capitalism all you need to do is ask yourself:

where and in what areas you're unhappy in the course of an average day?

Every unhappiness is really a new business waiting to be born.

Your frustrations are a nearly inexhaustible source of raw materials out of which the businesses of the future can be built.

So while there may already be plenty of breakfast cereals, and t-shirts, and cell phones, and cab rides for sale,

there's so much more that frustrates and depresses us:

think of how difficult it is to get on with one's partner, educate children, cope with anxiety,

discover what you want to do with your life, find a nice place to live, calm down in the evening.

One could go on and on.

Our griefs and irritations are endless, thankfully for the budding entrepreneurs.

The biggest first step to take towards entrepreneurship

is therefore to learn to study your own unhappiness and what might possibly heal it for you and others.

When profits decline in businesses it's really the result of too many people throwing themselves at trying to fix the same area

'cause they can't think of anything more innovative to do rather than start a new airline, mobile phone company, or supermarket chain.

And by contrast, healthy profits are a reward for understanding and mastering

an area of human distress ahead of anyone else.

Of course ideas aren't enough on their own; you need to take care of practicalities and money

but they won't help you if your original psychological insight into human unhappiness isn't sound.

And by the same token, if your insight into what makes people unhappy is razor sharp, and your solutions bold,

then however difficult the journey,

your business will stand a high chance of making money and benefiting humanity too.

https://youtu.be/lJjILQu2xM8

4 BEST WAYS to MAKE MONEY ONLINE in KENYA & PAYS VIA MPESA

Hello my good people good to see you

once again there are four best ways on

how to make money online in Kenya that

pays via m-pesa ,all right so anyway as

always stick around with me up to

the end so that you'll be able to

understand, because yeah one way two

three and the four ways when units are

Finance so that you can be able to make

money online and get something out of it

but before we do that as always take one

second up over Chini on your right there

is like a button written subscribe in

Black just hit it it's one second it's

free then I'll be watching it like this

just click it and that's a like yeah I

know you're asking yourself Joseph fine.

I can just ignore and go ahead and watch

this video without doing actually that

guess what you'll do once you do that

you'll never miss any video that I post

here that are good one that can help you

make money and also manage your income

all right so let's get into the today's

business and get started all right so

number one this one is popular .

I

personally have done it you will maybe

you have had somebody who is doing it

and this is the way that has employed a

lot of Youth and Young people in our

country and this is none other but,

you guess it right it is writing this

one is all over the place people are

doing it and actually it's simple within

a week you're good to go within a week

you've dedicated you can get the skills

and then from there get started and be

able to earn something at the end of the

day by the way I have people who,

actually even make way more than like

three thousand per day four thousand

sometimes one thousand five one it

depends on the flow of the job and you

can actually make something out of it

all right.

Product provided you just have your own

computer or or a laptop and then you

have your own internet and you have a

smartphone you're good to go as simple

as that and can then you can get started

what do you need for you to get started

on online writing and by the way when it

comes to online writing it is made up of

different sections you know academic,

writing kuna article writing alternation

you know data entry jobs you know and

then under that then we have variety of

other things that you can be able to do

with this keto tonightanga online,

writing all right so it's a thing that

pays you via m-pesa all right you can

get yourself into Fiverr you can get

yourself into rev you can get yourself

into the most popular one that is the

upwork and you're good to go and make

money out of it all right so anyway guys

and the second one that falls under

there online writing as well or online

jobs are transcription transcription

goes hand in hand with online writing I

did I did actually this was my first

thing that I did before I went to you

know uh to the online writing and

transcription.

And then you put it down in words of

course there are some instructions that

you have to follow uh for you to do a

very nice and clean job clean verbatim

all right so there is a description of

how we are supposed to do it and earn

something out of it it's as simple as

that and you can get started some of the

websites that is

our transcription uh the best one in the

middle you find I know you talk about go

transcript but we have many others all

right you can check you can check them

out there is another site called hyacin

and kitukama here all right so those are

those sites actually pays you their

m-pesa.

 Of course they send your money to

the people then you can link your people

to your m-pesa and get your cash all

right so start that skill uh when it

comes to 2023 all right so you go to the

next one the next one let me just take

it it's about affiliate marketing I know

you've never heard of affiliate,

marketing affiliate marketing is whereby

you offer yourself as a link between the

seller and the buyer so while you're

standing between there you can be able

to get something once you direct

somebody to that specific company where

they can buy something it's as simple as

that,

they have Tick Tock channels you can

just link that one out maybe you can

link with jumia will link up or phone

there's a link with Alibaba you can link

there who has a link with Amazon as

simple as that you just have to do

nothing just get the link of the

affiliate marketing fix it on your

Channel, or fix it on your Facebook

account and by the way if you guys have

a Facebook account don't make it just an

account transform it to a professional

account.

You do not make something out of it go

ahead to your WhatsApp to your Facebook

account transform it to a professional

mode where you make it a page where you

can post your things and then add that

link there and then you can get

something and you can be able to move to

the next level Don't Force see Don't

Force It Right just post it there post,

it post it there and then you just relax

and then as the time goes you grow and

people can actually link or rather click

it and get something out of it all right

so anyway let's go to the next one and

the next one this one is quite popular

I've been talking about it like all over

the time and all over the place and it's

about Forex you know Forex Trading Forex

Trading has been there I will be there

and I know it has been making people's

money and people are actually building

their own dream homes dream houses and

they're doing it with Forex Trading with

Forex Trading I can tell you you can

make as much as you want provided or

depending on your skills that you have

because Forex honestly speaking I don't

want to jump the gun and uh but,

sincerely you can actually make a crazy

money that I'm actually shameful to say

them but you can even make 20 gigs a day

you can make 10 15 30 40. 

Even people

who make more than that depends on your

discipline uh your what you call the

risk management and also what we call uh

you know the technical analysis that you

have as well as a fundamental analysis

how can you get started with Forex it's

quite simple all what you need is to get

the skills get somebody who does Forex

uh to and hold you to take you through

on how you can be able to trade yourself

and you can learn your skills or you can

just switch off from all over the place

and start it on your own personally I do

Forex Trading and I was never ever

taught by anybody I did it on myself we

have this information on the YouTube

it's all over the place and you again

can actually go ahead and do it but

again if you find it hard to find the uh

you know the reliable information or

about Forex you can contact me I have a

full course about Forex are from

introduction to all the way for you

being an expert all right you can get

that full course it's only 2K I have it

I can send it to your WhatsApp as a soft

copy I'll leave my number on the

description of this video so you can get

a copy all right also by the way on the

guidance on how to write I as well I

have those uh you know what we call the

soft copy PR documents and such you can

link me and then I can send your copy

for that is only part all right so,

anyway the other business that you can

rather the other online where you can be

able to make money in our country it's

all about cryptocurrency this has been

there we always be there and people are

making it out of it you can just go

ahead and buy your crypto uh once they

increase and once there is that change

of the value then you can be able to,

trade it you can also trade your crypto

on Forex and you can make something out

of it others people go for the Binary

Option uh links called the binance and

such kind of a thing I mean like this

whole uh you know what we call the

crypto world and has money and actually

it is making something out of it all

right so what I can say is that those

areas that you can actually make you

cash and you can be somewhere instead of

you just being idle we're actually

nearing to the end of 2022 so once we

get started why don't you pick a thing

move with it and you can actually by the

time tonight

and you can go to the next level all

right the last but not the least it's a

About Drop Shipping Drop Shipping

perhaps this may be a new thing you've

never heard of it it sounds like a big

animal but it's not it's quite a simple

thing that you can actually do and by

the way do you know how much you need

zero to get started with Drop Shipping

how do you do it very simple

Drop Shipping it's actually it's just

it's different from affiliate marketing

the reason is this is that a Drop

Shipping is actually you having uh what

we call a virtual shop a virtual shop is

like you can create one with Shopify

it's free doesn't cost you anything

provided maybe time and your internet or

something you create a you know a

virtual shop on Shopify and then you

like get things from like let's say

Amazon Alibaba you paste them there

those different products you just get

those pictures uh paste them there offer

yourself a link and then when people

click that link or rather when people

click that link they're directed to the

either whatever the company you are you

know getting your products from whether

it's Amazon whether it's Alibaba whether

it's whatever the place so once they can

go directly to that company you do

nothing about it the company offers the

shipping costs the everything the

management until the product reaches to

the client and knew yourself what you've

just done and why you earn is because

people have actually clicked or they

have put that specific item using your

own link and by the way if you do have a

website that makes you a better place or

places you in a better chance of making

more money actually compared to somebody

who you know just relies only on Shopify

you know the reasons why I'm saying that

Drop Shipping can actually make you

money 2230s because people are turning

to uh you know the online thing the

digital way even buying and selling

relating to people and everything just

look an example of number of online shop

that you have in Kenya we have GG we

have jumia we used to have OLX it's no

longer there I know we have Alibaba we

have Valley Express we have a variety of

them because people are turning into

digital world where you know instead of

you walking all over the place looking

for an item you can just go somewhere

type the item and then you offered with

different varieties and then from there

you can just click whatever you want and

get something out of it so that's why I

say if you can get yourself a piece of

this uh you know growing Digital World

then I can assure you at the end of the

day you get something because that's

where we are heading so basically Drop

Shipping is whereby you offer an over to

a store somewhere all right maybe you

can use your website just like I said or

you can go to the Shopify create a

virtual store and then uh of course you

must have picked your Niche you have to

pick your Niche picking your Niche

meaning uh like what product do you want

to sell

what I can advise you on the product

that you want to sell don't sell a too

much expensive product I would say maybe

you can sell some watches you can sell

some you know uh what do you call um

Rings you can sell some you know Bangles

or whatever what do you call these

necklaces it's just a small thing you

can sell cakes you can sell some

bandanas you can stick as a laptop and

machines and computers those cut two

small things that you know somebody can

just purchase with two dollars three

dollars four dollars just like that

don't go ahead and sell like two

thousand dollars thin item that might

stay there for longer because people are

you know most of the things sell things

that you know people can just find it

comfortable to part with just like

instantly because that's how you make

money all right so just pick that item

that you know it's you know resonating

with a lot of young people and people

and they can actually go and buy it

that's how you do it that's how you make

money online in Kenya I've given you

actually not even before I've given you

like five or six let me just recap what

I've just said I said there is online

writing and with online writing there is

a variety of them I said there is

article writing I said there is a what I

call the art of nation there is data

entry there is transcription there is

academic writing a lot of them so you

can get something out of it it is an

industry that has employed a lot of

young guys in our country right and you

can you only need one week to understand

what is online writing and you can get

started with it number two I talked

about affiliate marketing all right you

have a very nice good page that attracts

a lot of people why don't you transform

those people to buyers and get something

out of it and I said transform that

Facebook Facebook page that you have

into a professional one where you can be

able to place some links there where

people can buy via you know uh there's a

thing Bachelor you can even do it with

the jumia jumia has sell with jumia

option all right

the other thing I said is about

transcription the other thing I said

it's about Drop Shipping uh you know

cryptocurrency you can get yourself some

I know different cryptocurrencies and

you can get yourself Bitcoins or or any

other altar coins all right so that's

how you get started and earn something

out of it it's a Simple Start give

yourself a challenge with getting to

start are we about to start

2023 a one or two pick a skill let's say

like for the first three weeks learn

something new by the time to like click

the November or rather the February uh

you got a skill from the time you are

kickling the match and whatever

henceforth you've monetized yourself and

you're getting something out of it

that's how you do it and you don't need

complications of the banks and anything

you can go ahead and do it and by the

way if I would like to give you a bonus

why don't you give start a YouTube

channel takes gives money and makes

money why don't you do that and get

something out of it all right so anyway

guys uh for now what can I say if you

reached this video up to this point it's

a thank you thank you very much for

actually being here and watching the

visit at the end and maybe

you forgot to click that like button

click it it is free and that

subscription button I'll be watching on

your right up on top just click it it is

free and it's fast it will notify you

whenever I upload a new video for now

what can I say put your comment down

below

share this video if you're in a position

to and by the way for now what can I say

if you would like any business ideas uh

you know um business plan booklet with

like any circles treasury bills bonds

money management management skills I

have all those booklets and I hope it's

only 220. grab my number from the

description of this video contact me on

the other WhatsApp I sent you a copy and

you can get started from there for now

what can I say apart from thank you and

see in the next one goodbye.

4 BEST WAYS to MAKE MONEY ONLINE in KENYA & PAYS VIA MPESA!!!

IGot Rich When I Understood This" | Wallstreet Trapper & Tom Bilyeu.

I can afford any money manager i want

and

you are as knowledgeable

as the money manager that i have i'm

very impressed with your ability to

explain these concepts there are certain

people that are only going to listen to

you, they now have access to i'm telling

you world-class information.

Wealthy people do three things man

they stop trading time for money,

they make their money work for them

and they give as much value to people as

they can and so i learned that as i got

older, that part really didn't make sense

to me at the time ,but the money working

for you part and i was like what the how

do you make your money work for you

again all i know is how to go get money

so he says wealthy people.

First they get into stocks then they

start a business and then they get real

estate i took my time i researched the

warren buffett's and the

peter lynch's and i'm not going to lie

in the beginning that I was like

chinese .

To me

right this is a foreign language and so

what happened to me,

was it started reminding me of being in

the streets

everything about it and i heard this

term one time i said the real gangsters

are on wall street once you know how

something works then you can get good at

it but if you and and i really think the

vast majority of humanity and i don't

care what class you're in the vast

majority of humanity does not understand

how the world works yep therefore they

are at the mercy of the world and the

people that figure out how it works can

change things you know you have to

understand

how things work and like yeah that's

that is to me what is so powerful about

you

you understand a game that a lot of

people that are disenfranchised

understand the streets and you're saying

this is just physics let

me show you the correlate over here it's

all the same shifts

that's it and so that's that's important

for me the understanding the basics and

the fundamentals like once you start

understanding the fundamentals you give

yourself power because you now

understand like you said you see how the

machine works

right and so most people look at the

machine and marvel and say either i'm

like most people look at the stock

market most

98 of the people who i know look at the

stock market say yo that's not a game i

can play

i'm staying away from it and so the ways

the way it's set up is

the world is set up well listen cool i

don't even want you to play just give me

your money i'll play it for you so we

look at like banks like we understand

that banks don't necessarily work in our

favor

right so banks only give us 0.05 percent

interest on the money we have there well

we can get eight percent just by putting

our money in the index fund so why would

i just set my money in the bank and let

the bank make all the money because all

they going to do is invest the money for

you so they now operating as the plug

they operate now as the man who i'm

gonna front you this i'm gonna make my

money i'm gonna take the cut i'm gonna

give you just enough to keep coming back

i'm gonna go to the plug who's the plug

the stock market

right and so once i understood the

fundamentals of like the most important

thing too

is we don't understand how money works

that's a whole different language in its

own

the relationship with money in my

community is you make money

just enough to pay bills and so once you

get tired of paying bills you say you

know what i need to treat myself to

something right no matter if i got to go

in debt no matter if i i need to treat

myself to something to take this misery

away

so you treat yourself to something that

you can't afford at the time

right but it makes you feel good in the

moment

and so because it makes you feel good

you say you know what

i'm living this is a reprieve from

everyday struggle

let me get back on the hamster wheel

and so the sacrifice now becomes hard

because now you're saying i gotta work

work work and never get that reprieve

i'm not willing to do that

right and so that's the mindset comes in

and say everybody around me

had the same problem

no one represented the solution

so if i don't change something i'm only

going to end up like everybody else i

know

somebody has the solution somewhere

there's too many people out here living

the life of their dreams that i'm

watching they know something i don't

know and the only thing that they had

was access to a different type of

information

so once i went got the information i now

wanted to sing from the mountains i was

like yo look at this dope thing i found

everybody gonna be a part of it and then

when i showed it to people it was like

that ain't it bro

i'm not about to do that and so

i realized how powerful it was for me to

one become economically

like powerful

in my mind

because the thing about investing

especially in stocks is that piece of

ownership of everything that i use

now makes me say whatever i own that

apple

god i don't care about buying an apple

phone if i'm gonna wear levi's and i'm

gonna wear timberlands if i can own vfc

corp then i own the stuff that i'm

buying i'm okay with that like that

subtle shift in my mindset

changed everything for me because now i

was after just owning everything that i

consumed in the beginning that was my

introduction to the game let me just own

everything i consume and then i'll feel

okay owning a stock is like it's owning

a percentage of a great business

and so once i understood that concept

i understood that the key to wealth is

through ownership

like that's what that was one of the

things that made it click because i

studied the wealthy people the key to

building wealth is not how much you can

work

you can't work your way to wealth you

got to investigator in all wealthy

people black white asian chinese they

own a whole bunch of

[ __ ] the people who aren't wealthy is

because they don't own nothing

you only have your money sitting in cash

if your money is just sitting in cash

realistically you're becoming poorer

every day right or they own depreciating

assets and that's what cash is it's a

depreciating asset because the more

money they print the more money that

money loses value so if it's just

sitting it's the reason why the bank

wants you to have your money there so

they can take it and use it and invest

it so much and be like hey this is 50

cents on whatever you had in it

and so the idea of ownership was yo we

can just start owning

everything that we no matter if it just

a stock

like that's powerful because if you can

start owning the businesses that you now

consume every day you turn a one-time

transaction to a lifetime of profit

because if i go to the store and buy a

pair of nikes

that's a one-time transaction in order

for me to get something from them again

i got to come back and buy another pair

of nikes but if i own the nike stock

long as i own it it's a profitable um

vehicle for me so that one time

transaction can become a lifetime of

profit if i own

that business and another great thing

about the stock market is it makes me

pay attention to the world

and so now i understand what's going on

in the world i started learning business

cycles market cycles you know i'm like

because now i can understand yo

this is okay things are going out of

business it's okay we're in this cycle

okay people are hiring okay we're in

expansion cycle and so now i started to

take i took an economic class on my own

without

just understanding the world and so you

start understanding when something is

happening in china okay something

happening in china so i own apple apple

has 20 percent of revenue in china okay

they might take a little hit right now

what do you say to people that don't

think they have enough money to invest

[Music]

so the important thing for me to tell

them is start where you are you build

the mansion you build an empire you

build it brick by brick like you start

with 25 if you can do 25 a month that's

cool if you can do 25 a week that's cool

but what happens is once you start

understanding the power of how your

money works you start saying yo i don't

need to do that because that's taken

away from this

let me that 25 will now become 50

guaranteed

that 50 will not become 100 because

you're going to start doing more with

less the person who works out and sees

that they drop ten pounds in two weeks

says you know what i'm gonna go a little

harder because i know if i can drop 10 i

can drop 20.

right i know if i can get if i see one

muscle shape up i know it's possible

the word possible is so powerful

possible changes the game

instead of it being impossible we now

say i am possible i i'm

possible that changes the dynamic so the

first mindset is saying invest in your

first stop it don't have to be a winner

it doesn't have to be a home run it can

be an atnt stock that costs 26 right now

it may not be the best investment in the

world but you started

right and the great thing about anything

is you can't be great if you never go to

practice you can't hit 81 if you never

get in the gym

so just get in the gym

and then find somebody who can teach you

be dedicated to understand the process

warren buffett said he reads 500 pages a

day we have to understand the power and

learning and being educated man.

https://youtu.be/LJB61Ji7oo0

THE TRUTH WHY I LOVE MONEY

 What's up guys josh ulford back with

another video today and i want to tell

you guys why

i love money. Time to think like an

investor.

Welcome back to the channel my name is

josh and if you're new here

what i do for a living is i'm in a

business called wealth management

and there's so many different terms that

get thrown around it's like there's

money and there's currency and there's

dollars and there's wealth and there's

assets and

there's bitcoin gurus it's like how do

we take advan how do we really keep our

eyes and our ears on all of these

different things at once what do all

these things

even just mean but there are some

important distinctions

and that's kind of what i want to talk

about today is there's a big difference

between

you know this whole idea of money and

money is the root of all evil

and and wealth is this terrible thing

and hey i get it

trust me but there's a big difference

between

let's say unfettered ambition at all

costs no matter the destruction

you know you could think of like what

you think of when you think of like

donald trump

or dan bilzerian with a boat and a yacht

like a multi-million dollar yacht with

you know women in bikinis and champagne

everywhere in cigars and

donald trump having all this political

power because he's wealthy

whatever it might be that's kind of this

whole idea of like

unfettered ambition at all costs

and i don't run a company called haven

unfettered ambition at all costs

management that's not

the business i'm in i'm in the business

of

seeing wealth as how can we improve the

quality of our life how can we take the

resources the job or the assets that we

have

and make the quality of our life a

little bit better or maybe a lot better

so today i want to talk about the two

major reasons why i love

wealth and i think that there's two

things that i can really do it's what it

can do for

other people of the people around us and

it's what it can do for our own lives

and ourselves so if we're looking at

just a life let's say we're a living

person what are the things that

make life really great or what are the

things that we want to get out of our

life i mean for me it's like i'd love to

have a long life

i prefer that it's longer than shorter

typically and i prefer that i'm healthy

right and i want to be able to do those

things that i want to do and have some

freedom and

maybe get a great education and be able

to afford those things that are

meaningful and exciting to me

now i want to go into a little bit of

data here something that's interesting

and it's the fact that if we were to

think about what would be a good

life for me the first thing i said was

well hopefully you know we have a long

life one that isn't cut super short or

it's probably better for us if you think

about it

it's better for me to have a life that

goes to 70 or 80 versus one that goes to

like 30 or 35.

well here's an interesting thing i want

to look at gdp per capita and what that

really means is

how much economic output how much

productivity how much stuff is being

exchanged and traded and produced

how much value is being produced in a

country per person that's really what

gdp per capita means

and what we find are some crazy

correlations

across the world for how gdp can improve

our life and how gdp per capita actually

makes living standards better for a lot

of people

first thing i want to look at what was

what did i say i said life expectancy

how long is this life well

this is crazy if we look at this chart

here life expectancy versus gdp per

capita

we find this beautiful upward sloping

trend as countries get more and more and

more wealthy in terms of gdp per capita

production per person we see that their

life expectancy goes up and up and up

so on the worst possible end of the

spectrum you have a country like the

central african republic or sierra leone

these places have less than a thousand

dollars in gdp per capita that's not a

lot of production per person

and their life expectancy is just over

50 years the average person in this

country lives to 50 years

where we see this trend start to rise is

when we have

increases in gdp per capita more wealth

more production per person

we find ourselves with a country like

switzerland which has

a little over 50 000 in gdp per capita

and the average life expectancy is over

80.

so it's crazy to think about how wealth

how the production of

value or productivity in a country or an

economy can make

the lives of those people so much better

now i know what you're thinking you're

probably thinking hey josh it's not just

about

longer life i mean maybe people are

struggling maybe it's a longer life but

it's got more suffering and more

illness and more pain and all that okay

okay well

let's look at another one what about

self-reported

life satisfaction okay a survey of all

these people and they rate their life

let's say you and i get a survey

and we have to rate how happy we are

about our life

now if we compare the results of how

happy people are about their life

to the country's per capita gdp we see

something that is

exactly the same if not more

there's more correlation if anything and

the same thing we see that countries

with

very low gdp per capita also report

very low scores on overall life

satisfaction and this

increases as gdp per capita goes up it's

it's a beautiful correlation you can see

all the different countries on here and

you can see how again united states and

canada no big deal norway all these

different countries

are very high in gdp per capita and are

also very high in life satisfaction

and lastly one of the most stunning

findings is the correlation between gdp

per capita

wealth let's say per person in your

economy and the human development index

which takes all these things into

account do people have access to good

health care

good access to education do people have

access to long living standards

long lifes and high standards of living

and if we look at the correlation

there's something even more interesting

here which is the fact that it compounds

you see this almost

exponential correlation where the more

gdp per capita you get

the more the better and better and

better things get for the human

development of your country

so it's really fascinating to see and

when i say you know what i love money

and i love

wealth this isn't about i love yachts

and private jets i mean i do love

lamborghinis i'm gonna be completely

honest i do love those i think they're

very cool

but i'm not talking about this this

status seeking high

lifestyle where you're just doing

nothing but partying and having fun all

the time i'm talking about increasing

living standards for

for people in your country now i know

what you might be thinking okay there's

all this great news

fantastic that that's great you know gdp

wealth makes people happier and all this

sort of thing

but what about the 1 all the richest of

the people have all the money you need

to give some

money to the other people the people who

are struggling yes

absolutely absolutely inequality

is a massive problem and countries that

become

very unequal actually become very

unstable so it's important to think

about that too

but here is something really fascinating

about gdp per capita and the wealth that

you have per person if we look at the

bottom quintile in any economy the

quintiles like the bottom fifth the

people who you would say are

struggling and it's the people who you

know just got a bad

deal in life and they're having trouble

getting on their feet financially or

economically speaking

we find this insanely positive

correlation between growth in gdp per

capita growth and wealth of a country as

a whole

and accelerated growth of the bottom

quintile and what this means is

the data doesn't confirm that as

countries get wealthier it leaves people

in

in the dust it actually confirms that

all people kind of rise together

although some at varying rates of growth

so when i talk about loving wealth this

is what i mean of what it can do

for other people it can actually lift

countries out of poverty it can make

people's lives a lot better

of course the problem is that on country

on their way to industrializing let's

say a country like

india or china they tend to wreak a

little bit of havoc on the environment

they tend to be very unequal as they're

coming out of poverty but once they get

there

life in capitalist western societies

actually becomes very very good

so that is what wealth can do for other

people obviously but what can it do for

us and i mean my experience confirms

this for me

it's this idea that as i got wealthier

let's say as i had business ventures

that actually started to work out after

having a ton that really didn't

have after having investments that went

nowhere and then over time having

investments that started to go my way

what i found as i started to achieve

some semblance of financial independence

where my assets started paying me

instead of me having to go work for them

all the times i realized

that wasn't everything there was it was

like i got over this hill

of the whole financial struggle of you

know trying to make ends meet and

going into jobs i didn't really love and

always having to move money around to

just kind of make things

work having investments that didn't go

my way and all this sort of stuff

once things started to work out i

realized yeah

that takes care of the resources and the

money and the debt's gone and all this

sort of stuff but

there's so much more development i have

to do as a person because i've realized

now wow okay

having the money i need doesn't

necessarily bring me to this finish line

this place in life where i feel like

i've achieved the goal

i feel like there's so much more that i

have to do there's so much more that i

could be in my relationships there's so

much more i could be in in my own mind

there's so much more i could be as an

athlete and all these different things

so much more i could be physically and i

think for most people we go through

life and i certainly felt this way i

went through life always thinking the

money thing was the big thing

and for me personally i found that i was

just so distracted like there's so many

areas of life that we need to improve at

but the money one is just the most

pressing because if you don't pay it the

debt collectors come and if you can't

make ends meet there's no roof over your

head so

it's the kind of the front and center of

everyone's mind it's trying to get that

right

but once you have the magical experience

of kind of getting over that where the

finances are taken care of

you realize there's so much more to do

it's almost like this hill you get over

and then you see for myself i saw oh my

goodness there's

all these other areas that i'm just not

what i could be

and getting over it's like money is like

these blinders and it's all you can

think about

until it's not a problem and then you

see how much more there really is to get

into so

in my view for me self-development at

all like so much of it really came

after achieving the financial freedom

little bit and now there's just this

whole new world that i have to uncover

but anyways guys

that's my view on wealth that's my view

on why i love money i think it can

really help bring people out of poverty

and create better standards of living

for people

and for ourselves it can help us kind of

self-actualize and become the best

version of what we can be

but anyways if you guys got any value

out of this video whatsoever i

appreciate you spending your time with

me today when there's so many of the

things you could be watching

i know i scroll youtube way too much but

anyways make sure to hit that subscribe

button if you like this video hit that

like button and turn on post

notifications for more videos just like

this one

every single week until next time

you.

HOW HUSLTER FUNDS CAN CHANGE YOUR LIFE.

 Guys how are you doing we are going to be loooking at the Hustler fund for people how are in Kenya ,this video is for you.

Hustler fund has been released or it has

gone live and now you can basically

borrow money but we need to look at a

few factors because it's about money.

Rember we're gonna be talking about

money here we're going to be talking

about loans here and it is within my

domain as a finance and investment coach

and of course as a financial literacy

activist to tell you what to expect to

look at it in you know different

perspectives and try to understand the

Hustler fund so for those who are not in

Kenya this is just basically like a

microfinance loan and loan that is

basically backed up by the state to help

people who are in small businesses get

something to start a business or to

improve their businesses it's basically

a loan given by the government I believe

that most people know about Hustler fund

because it's the news in Kenya right now

so if you're in Kenya or if you're a

Kenyan living outside the country you

will definitely know about Hustler fund

so we're going to basically look at the

Hustler fund we're going to try to

understand the components of the Hansel

of fund and then in a later video or

even in this video we're gonna say some

of the problems that might arise with

the Hustler fund so right now let's look

at the Hustler fund and let's see what

is good about it what's bad about it

what are the details of the House of

fund how do you get it,  

mindset how to make that money how to

enjoy that money how to make that money

how to invest that money and how to show

yourself a lifetime of income basically

Financial Freedom Hustler fund is here

Hustler fund is live and people are

going for it so what is it that you need

to know what is it that is important for

you to understand before you actually go

for this why I'm doing this video is

because a lot of people and they know

this alone what they do is that they use

that facility without a clear plan there

is no single time you will take a loan

without a clear plan a clear objective

and you will succeed in whatever you

want to do the problem with having this

kind of loan facilities is that most

people do not check them with the

objective of having a business or

starting a business as soon as possible

and therefore they end up being in debt

without any clear plan of what they

wanted to do because the thing is when

you have money in your pocket or in your

bank account what will you do you spend

that money and in our environment as you

all know it there are always

opportunities to spend that money

there's some one who's sick somewhere

someone challenged them somewhere your

grandmother's sisters in you know in

charge whatever is sick somewhere so

there are always some things to do with

connected to relationships and relatives

and stuff like that and what makes us

spend this money is not just sometimes

because you want to but the culture

around us the environment around us and

sometimes also the habits we have around

money so the Hustler fund is here but it

can create more problems than

opportunities if we are not careful and

that's what we're going to be talking

about we're going to be looking at the

Hustler fund but also the opportunities

all the problems Medicaid for you number

one the repayment period for Hustler

fund is 14 days now that already is a

big big issue now you can think about it

this way if you're gonna pay a loan

within 14 days you must have a very

clear plan of how you're going to get

that money back now I don't know whoever

doesn't have money today if they will

have the money in two weeks especially

the kind of people borrowing this loan

or the kind of target people that this

loan has been created for so you're

telling someone that I want to borrow

this money today but you want the money

fully back in 14 days I think that is

going to create more problems and that's

one of the components of Hustler fund

that we must look at we must look at the

borrowing period we must look at the

fact that how can someone who did not

have money today want to start a new

business will get money and generate

enough in 14 days and give it back to

the government now that is the first

problem I found today is that the

repayment period is too short for any

normal person to actually generate that

money in paid park that's something I'm

hoping that one day they'll consider but

that's the first thing so if you want to

take a hustle loan remember you're going

to be paid within 14 days and there are

penalties there are certain consequences

if you don't that's the first thing you

want to remember about Hustler fund

remember this loan is for small

businesses so in this case we are trying

to imagine that you are a small business

you started today or you started like

weeks back and you need some boost of

like a thousand two thousand three

thousand Shillings what do you do you go

to the Hustler fund ask for money for

small businesses and then you move on to

the page or generate enough income to be

paid in 14 days I don't know if that's

possible please let me know in the

comment section if you think that time

period is something sufficient for you.

so at the moment this fund has a minimum

borrowing capacity of 500 and a maximum

of 50 000. it's capped at 50 000 at an

interest rate of eight percent interest

rate of eight percent so again that's

something you want to consider you want

to think about if it's giving you an

interest rate of eight percent of

charging you sorry an interest of eight

percent then how much will you be paying

back so you just need to do a

calculation based on 14 days because you

should be paid within 14 days do a

calculation annually but divide it to 14

days and then you find out the amount of

money you are likely to pay so if you

borrow for example 500 Kenyan shillings

within 14 days you will be paying 501

0.53 so that's just one shilling

interest within 14 days so of course 500

is quite low and eight percent interest

is quite low now let's talk about the

interest eight percent isn't bad at all

and that's something I'm not gonna

really contest but at the end of the day

you must understand the people who are

taking this loan can they generate eight

percent of course if you compare this to

the banks giving you 12.4 percent or at

least charging you 12.4 percent annually

I am sure the annual list is 108

so if you think of that then you

understand that this is quite Affordable

Loan but at the end of the day the

affordability is of the issue here the

issue here is who is going to take the

loan how will they pay it back within 14

days so yes the interest is at eight

percent let me know what you think in

the comment section about the interest

rates now the other thing about the

Hustler fund is that you will not be

blacklisted now currently we have over 8

million people blacklisted by different

lenders within the country so with the

Hustler fund and it's a good thing is

that you won't really be blacklisted

even if you do not prepare your loan

there will be the consequences but you

will not be blacklisted so you could

still go to other lending places lending

apps and still get some money but

remember the main idea of this was to

actually help those who are not able to

access loans from those other lenders to

help them grow or you know start their

businesses if you don't pay within 14

days the interest rate moves to 9.5

percent again that's just a punishment

for you not paying within the time like

I said I have a problem with that

repayment period in my opinion in the

inventory customer is not able to pay

back with that extension The Hustler

account is frozen and the borrower loses

all accumulated credit scores after more

than that base of default important to

know that if you do not pay within that

period which is basically around 30 days

you will not be able to borrow from The

Hustler fund so again your account will

be frozen there's no crb listing like

I've said and that's a good thing for

most people I know you'd want to hear

that now the other thing is that when a

customer borrows the approved loan is

sent to their mobile money account

deposits of 95 of that money that you

have borrowed is going to your money

wallet and then five percent of that

money that you have borrowed will go

into what you call a savings account now

this is more like a long-term savings

account that the government is basically

forcing you to do uh the five percent

that goes towards the selling savings

account is split into two thirty percent

of that money goes to short-term savings

and 70 to long term 7 Wings which is

like a pension I like that idea I

honestly like that idea of part of the

money goes into short term part of it

goes into long term and also forcing you

to have what you call a savings culture

that to me to my opinion is a good thing

if the whole setup was good but of

course everything is false it will get

better with time and this is an

opportunity for the government to try

and improve things again you can access

Hustler fund through a ussd card mobile

app platforms by mobile networks like

safaricom Airtel and Telcom so you must

be in this one this three for you to

access the Hustler fund now the thing is

if you borrow a loan erroneously you

cannot reverse that and therefore you

must repay it based on the terms of the

loan just like another borrower so this

will provide a state back concessional

loan so small businesses that have

struggled to access financing from

mainstream Banks this is one of the

things that Pluto actually really talked

about and I'm happy that it's brought it

Forward right now now let's go to some

of the most interesting Parts about this

loan and these are some of the things

that we also going to discuss going

forward because we also talk about the

Hustler fund this is just an video to

introduce the details and the components

of the Hustler fund and the things that

I obviously find to be problematic with

the fund so you can imagine that within

the first day people are borrowing 17

million an hour

17 million Shillings power from the

first uh from The Hustler fund now this

might not be a very good thing this

might actually highlight the problem

we're going to be facing with the

Hustler fund and that we just bought

another full laser or we just bought

another kind of you know facility that

Kenyans cannot manage and that is where

financial literacy comes in the moment

people have an access to a loan or

access to certain facilities that can

give them free money although they

consider free money in courts they will

take it without a plan I can guarantee

you that most of the people have been

taking loans from Hustler fund do not

have any business plan at all and

therefore they are taking this money to

spend it and to use it in normal daily

living what happens within 14 days you

need to return it back so what happens

you will be Frozen and you are not able

to borrow any money

now the thing is such things are good

but they should be laid on Foundation of

knowledge people must be aware people

people must be taught people must be

informed about how to about these things

and one of the problems we face with the

financial literacy is that people are

never informed about decisions that make

and they end up making wrong decisions

financially speaking and this ruins them

for a very long time and it takes lots

of time to actually correct some

decisions especially when it comes to

money decisions so these are very

important part that you would want to

think through so before you take this

loan please think through things okay so

you've had that 17 million and now was

being dispersed on the first day of this

going live so you must understand that

this is something that people are not

taking me that particular plan to some

extent some people didn't definitely

have a plan but some most of them will

not have plans

now that is something to think about can

you pay it back that's the first thing I

told you can you pay the money back so

there are different categories under

this facility we have the personal

finance we have micro loan small medium

Enterprises and startups so we have

different categories under the loan

facility or what we call the Hustler

fund Kitty so for you to be eligible to

take loan you must be 18 years old and

you must have a national identity card

you must have a registered SIM card and

a mobile money account with safaricom

Airtel or Telcom like I mentioned

earlier the line must have been in

operation for 90 days so you cannot just

go and buy a line and then you take a

fund no you must have used the line for

90 days and that's not another place

where I would want to question people

can buy different lines you know you

have it for a number of days you already

said in different names that's difficult

but in Kenya you can always get an ID

right so you can understand using

different IDs different names and deck

as much as long as you want these are

some of the loopholes that they will

have to block so there could be like a

pin a very unique pin that can

identified people because I know that

um you're not able to take you know

register different accounts and take

through different accounts if you're the

same person because then your credit

worthiness is tied to one person not

different IDs but if you have different

names or different analysis you're able

to you know find a way around it those

are some of the loopholes that I think

they would want to look into in my

opinion

uh so of course 90 days that means if

you buy a new SIM card you won't really

get the loan at least until 90 days like

I said earlier if you felt upset you

know the repercussions as well

and then this is basically between 500

and 5 and 50k as individuals now for

small medium Enterprises that will want

over a hundred thousand or between a

hundred thousand and five million you

will benefit from the fund beginning

February of 2023 so you still cannot get

that high for now so it's still for

individuals basically now this is a good

idea this is an amazing idea but there

are certain things that must be put in

place the main thing for me that I'm

mentioning in this video is that you

must make sure you have a plan on taking

the loan and number two you must make

sure that you have a repayment plan as

well

so make sure you have a plan for taking

the loan and you have a payment plan

display in place and I would say that

you have a backup in terms of you know

if things go wrong with what you are

planning to get you know where you're

planning to get the money from

to repay it what would you do so please

take this loan with a pinch of salt to

me in my opinion I think it's just

another laser that is blocked by the

state and sometimes it's back by the

state you could find it a little bit

easier to deal with rather than having

individuals or privates dealing with

these issues but if you have a good idea

good business and you actually need

financial help with the idea then this

could serve you this is just like you

know anyone who earns money it's going

to go back to Personal Finance

Management if you can manage your

finances well you're going to be okay if

you can't manage your finances well it's

going to be a problem so again it goes

back to that Foundation of you have

Financial knowledge to actually manage

money how do you look at money how do

you handle money what are your habits

around money that way you're going to

have an idea but if that's not the case

then you're gonna afford the same petal

where you are with regards to full list

however you will be blacklisted or

Frozen and you cannot borrow any money

from the Hustler fund for a very long

time or your credit worthiness will be

so useless at the can't get any money

therefore it becomes just one of those

things that doesn't actually help you

depends on what you want to do with it

otherwise guys I hope that's been

helpful those are the details of

um Hustler fund let me know what you

think about Hustler fund down below if

you think it's a good idea let's go if

you think it's not a bad idea tell me

why come on see you next time guys .