In Graph 1; unless you are lucky to be born in a wealthy family, your personal wealth (driven by your earning potential) starts from the bottom. Your wealth will grow or stagnate depending on your productivity, financial discipline and shrewdness. Many people start earning at the age of 20; and reach their productivity peak at the age of 45. After this time, they start losing momentum, energy, as different health challenges take a toll on their work ethic. Beyond this age, productivity starts decline. If you solely rely on your capabilities (earning only when you are working), your net worth…
Here is my take on innovation… everyone can innovate
Innovation does not require any model and those schools that teach innovation have got it wrong. Innovation is situational and has no formula. You just need to put in place a process of getting great ideas from everyone who can give you and an open policy to look into each and every idea. No one monopolises knowledge and by far, the most people with noble ideas can come from anywhere. You just cannot rely on your staff for ideas to take your company to the next level. Customers who use your products and services on a daily basis, by far,…
Old mobile phones on the comeback: here is what they are not telling you
The news on all global top media channels from CNN to New York Times, are that old is good. More and more people are buying old phones whose prices are now increasing, and the likes of Nokia and Motorrola quietly dusting off their old production lines to make more to the market. It is a new development that is threatening the market value of smart phone makers especially Samsung and Apple. So why are people going back in time to say old is gold? Here are my expert views – things they are not telling you. After eight years as…
Managing your taxes for maximum savings… personal finance
Taxes matter a lot and you better plan for them. Understand the different between tax evasion and tax avoidance. Tax evasion is illegal failure to remit taxes while tax avoidance is legal. You need to plan your business and incomes to take advantage of tax avoidance schemes available. For example, income from your property is subjected to lower taxes than income from your stocks or salary that is usually charged at 30%. So, investing your savings in real estate appreciation may be better strategy. But note that rich people invest in business assets where they claim high tax savings in…
Equity Bank unveils its Mobile Virtual Network Operator (MVNO) strategy and rollout plan that is set to launch in July 20
Article in summary Equity bank (Kenya) partners telecom company Mobile banking to be taken a notch higher. Equity bank customers to have their bank accounts linked to their mobile phones to deposit or withdraw money and transact Service will enable international money transfer Equity says “the first of its kind.” However, product already exists with Tropical Bank, Uganda Technology can easily be adopted, requires infrastructure, marketing and hardened security to succeed Innovation to have more impact than mobile money, as it solves all MoMo challenges, and more (says Equity bank). The MVNO links Equity Bank customer account to the mobile…
Real Madrid is 2014 UEFA Champions League Winners for the 10th Time Featured
Real Madrid have won the conveted tropy. The score board after the AET (120 minutes of play) read as follows; Real Madrid 4 – 1 Atletico Madrid Football is damn a bad game for the heart. Atletico Madrid got an early lead in the 36th minute and played well only to let it go with just two minutes remaining. It looked a done deal by 90:02 minutes, until an equalizer by Real Madrid’s Sergio Ramos in the 3rd minute of the five minutes of injury time. From nervousness to happiness, then to hopes and finally sadness then nerves. You cannot…
