Merry Christmas and 6 months into the New Year

Merry Christmas. You must be busy gathering funds for school fees, Christmas festivities and end year largesse. Thank you for following my posts. We are at the end of the year 2020. A year like none other. The Kenyan economy chugs along, charmingly. World Bank and IMF loans have flowed in to help us survive the economic shock of the current pandemic. CoVid 19 preparedness made some people rich. You are probably not one of them. 

If employed by Government or a parastatal, brace yourself for more retrenchments as part of IMF/WB loan conditionality. You will be thrust into full time business. Sounds good,thus far? There are other people in small business out there. Like you they are trying to be resilient in the face of multiple shocks to the economic engine in our country.

With or without a BBI referendum, with or without a bloated parliament and senate at taxpayer expense get your house in order. This is the time to review your financial stability. Make sure you have a plan to cover your family expenses for the next 180 days. Make sure your savings and investment plans are in place. Cover yourself against any risks you or your family will face in 2021. As part of your exit strategy make sure your retirement and pension plans are in place. I add value to individuals who seek clarity in financial planning. I am a Financial Advisor. It will only cost you some airtime and/or an internet connection to talk to me. I wish you a Happy New Year, 2021. You will go farther with me as your trusted Advisor. My email add is melvindlima1@gmail.com and my telephone number is +254720297433.

The second wave

A friend killed by Hepatitis C and the resulting Liver cirrhosis. Infection picked up in Mombasa last year. Her funeral is on Friday. One dentist, I know has recovered from CoVid 19. Infectious disease again!! My cousin in Mumbai,India has CoVid 19. What happened to Antivirals?It is never that simple.

Despair in the tone of an older Nairobi dentist. Expatriate dental patients who lived in the Ambassadorial residential districts have left the country. Patients in fear of contracting something in the dental clinic are cancelling their dental appointments, having paid for their treatments in advance !!

A younger dentist upto their neck in debt and with an unsound pricing structure for specialized services laments that his payslip reads nil due to his loan repayments. Another dentist with a child in dental school and a wish to leave a KES 10M legacy to the future dentist in his home. I can't get him to pay a premium for a savings product for his son.All is not well in cash flows to segments of the Kenyan dental industry.

It is not all gloom and doom for all, though. One dental laboratory is mopping up dentist clients from the others. Some dentists are migrating to this laboratory with unpaid bills from other service providers. The proprietor of an old people’s home in Karen has a long waiting list. She is building more rooms to house our old parents.Knowing her, I hope she has heard of cashflow management because whenever one of her charges pops off there is a deposit refund to be paid off. That deposit is about 200000 KES.The temptation to use that deposit to build new rooms must be very high.

The movers and shakers in the medical and dental profession are not buying into the need to collaborate with Business Development Service Providers. Are their members not ready to bounce back after CoVid 19 disruption to their businesses? Are they are not ready to grow? Are they are not ready to access capital? I don’t know – some are on strike; some are demotivated by delayed salaries; many are angry.

You need a crystal clear value proposition. You need a lead magnet for prospects. You need to convert suspects into prospects and then into sales a.k.a cash so that your business can be sustainable. The rest are important details. Like your business model. Like your adoption of new technologies including Artificial intelligence and Machine learning. Like if you are not leveraging on Information and Communication Technology expect to be swept away by the second wave. Disruption takes no prisoners.

Do you want to enter into a structured program where you can boost your earnings, savings and investments in this season.I am giving away scholarships to this program. Aspire to thrive despite all that is going on around you. You may want to talk to me.I am only a phone call away #0720297433

How to pay a Britam Life Insurance Policy through Mpesa

 1. Select “Pay Bill” from the M-Pesa menu.

2. Enter the BritamPay bill number 541400.

3. Enter your full Britam account number e.g. 204-3785

4. Enter the amount you wish to pay.

5. Enter your M-Pesa PIN.

6. Confirm that all details are correct.

7. You will receive a confirmation of the transaction via SMS. 

8. Send us the transaction message through customerservice@britam.com in the event you do not receive a confirmation message from us within 2 working days.

We are also happy to inform you that you can now access your policy details/statement on the go and even download a statement whenever you need by signing up to the Britam Customer Connect Portal https://customerconnect.britam.com.

 

Should you require any further assistance or clarification, please do not hesitate to contact us via customerservice@britam.com or call us via 0705 100 100. 

 

Thank you for choosing Britam as your preferred financial services provider.

I am because you are - The Ubuntu philosophy applied

The end of the month.Bills to pay.Food to put on the table.A life to live.You have set goals.If not, have an urgent meeting with yourself. Seek professional advice if you have to. Each goal has a price tag. Goals are short,medium and long term with sometimes progressively higher price tags.

How do you save in this season? Some belt tightening is necessary. Spend prudently. Survey the market for lower prices. Negotiate with sellers. Join other buyers and buy in bulk. Start and grow an emergency fund even if you had one in the past.

I am in the Savings, Investment and Risk management advisory space. Like you, I am called upon frequently to contribute to those in financial distress. It is part of our social responsibility. It is the right thing to do. You are your brother's keeper.I have a dream - that one day fewer and fewer of us will be in financial distress.

My mission is to educate whoever has a teachable spirit. I will walk with those who have ears and eyes. The journey with me must start. You need a couple of thousands to save for your goals, to overcome the hurdles in your life's path. We are all on our own path. Let yours be a well planned path. You have a listening ear in me.

I am a Coach, Mentor and Financial Advisor.Do you want to feel better? Do you want to help me live out my purpose as an educator? Reach out to me on 0720297433. We can do this. Join the enlightened, on the road to financial stability.Read this testimonial from somebody I am working with, who is on the path to financial and social inclusion ....https://bit.ly/307cXhq

With all my respect, for His greater glory.

Testimonial - Coaching

Dr Melvin D'lima,

Thank you for enlightening me on  many things which I wouldn't have paid attention to as I couldn't unravel what was going on  in my life. I thank you for being open and agreeing to walk this journey with me. I feel so light..a shift in my being.

LK

Kiambu 

25 09 2020

The ninth month and pregnant with hope

The hustle and bustle of city traffic is a sign of heightened economic activity. We are told that at a population level, this CoVid 19 epidemic has peaked and the curve is flattening. The risk for high risk, sub-sections of the population, still exists. Wear a mask in public and wash your hands. It is raining but Nairobi Water Supply Company has chosen to ration the commodity. Store it whenever it is flowing in your taps.

Functional and dysfunctional families are down to basic needs. Fault lines have appeared between some spouses due to the stressful times. Domestic violence and other social ills directed largely at women and children are on the increase.

In the hospitality business, they are down. Some are not out. They have re-invented themselves despite strict new public health regulations. Business though, is down. New risks to be managed have emerged. Income streams have to be increased. The temptation to throw in the towel and give up is very real. Does this sound very abstract?

Courts of law are closed, in the main. Lawyers who specialized in litigation are not busy. Kenyans love land, having been dispossessed of the same, in colonial and post-colonial times. Land is now changing hands. Ask any Lawyer who deals with conveyancing (a.k.a the legal side of buying and selling land).It is a buyers market out there.

Elsewhere Kenya Airways has a special offer for Doctors on their local flights. I wish more physicians take could take advantage of this offer. Doctors are not a

financially happy lot. Many are unemployed, many others run helter skelter chasing part time jobs without promises of a Pension plan. There are outliers at Nairobi Hospital but they

are in the news for all the wrong reasons.

My passion is to teach, to mentor, to coach others to achieve their purpose. To influence folks to earn an honest income by adding value while exercising their passion. I could lead you to a place where you save, borrow, invest and manage risk responsibly. In other words create and manage wealth. I am in my power zone when I am empowering others to be financially stable. Do you need to be empowered, financially? Reach out to me on 0720297433 for a no obligation consultation. You will not be disappointed

WHERE THERE IS A WILL THERE IS A WAY

 

Wills and the protection of your legacy

Sally Mahihu
Mahihu Bowyer Advocates
Lavington,Nairobi,Kenya

August 2020

1. What is a Will?

A Will is a document written and left by a deceased person, expressing his wishes after his death such as: -

1. How and where he/she is to be buried? 

2. The Guardianship of his/her children especially those under 18

3. How his/her properties and assets should be distributed and to whom?( a deceased person assets and properties are known an Estate)

4. Terms and conditions regarding certain  assets and properties

5. Creating a trust especially for minor children

2. How to ensure that your Will is valid in case it’s challenged?

• Your wishes, terms, and conditions must be very clear without any ambiguities

• You must sign it in the presence of two adult witnesses. They should not be beneficiaries; they should write their full names, postal addresses, and against their signatures. 

• You must date your Will preferably in your own handwriting

• You should specify your assets and properties and give them proper descriptions. 

•  You should be very specific regarding your beneficiaries named in your Will.

• Avoid disinheriting certain people like your wife and children. 

• If you forget something in your Will and you remember it later on, then you can do a document called a Codicil. 

3. Who are the Beneficiaries in your Will?

• Your wife/husband

• Your biological children

• Any step children or adopted children

• Any persons for whom you have taken responsibility for several years who have now become your dependence 

• Other persons may include your parents, siblings, workers, friends, etc.

• You are not under any legal obligation to bequeath anything to your divorced wife or husband. (give Example of John’s Estate) 

• You should stipulate what will happen to the share you have given someone if that person predeceases. 

• You should also stipulate that any debts liabilities, hospital bills, funeral expenses, legal expenses and any other expense required to administer your estate etc. should be paid out of your estate

• You should name your chosen executors and administrators in your Will. It is okay if they are your beneficiaries suffice that they are people that you know who will be diligent in fulfilling your wishes in fairness and justice

4. Why is a Will important?

• When you leave a Will, it is said that you dead Testate but if you die without leaving a Will it is said that you dead Intestate 

• If you do not leave a Will your Estate will be governed by the law of succession and it may be distributed in a manner that you would not have wanted 

• The absence of a Will leads people to purport to interpret your wishes and since each person will be motivated by personal interest then it means that the various interpretations will inevitable conflict 

• Without a Will your beneficiaries may not know where what assets and properties you owned and in which case dishonest people like lawyers or bankers will be left enjoying your properties

• A Will enables you to reveal all your assets and properties and their whereabouts 

• When your wishes are clearly written down it is often difficult to dispute them as opposed to when you level verbal wishes and instructions to one or two people which causes those who were not present to dispute what you might have said

• It is wise to indicate what will happen if any of the executers pass away or are not able or are unwilling by saying that the remaining ones will act on their own or they must appoint others

• Where some of your beneficiaries are under 18 years old then a Trust automatically arises within your Will for the protection of those minor beneficiaries  

5. Who should keep your Will?

• Your Will should be kept with your trusted Lawyer in safe custody or by any other trusted person

6. When should your Will be read?

• If your Will contains instructions as to how you should be buried then you should stipulate that it be read before your burial

• Avoid instructing that you be buried somewhere that you know will cause legal problems

• All your beneficiary named in your Will should all be present during the reading of your Will if possible

7. How should your Will be enforced?

• This is the work of your lawyers. Because it is a legal process that must go through the court system. Where your Estate value is below a certain amount it does not need to go through the court process it will go through the public trustee

• Your net Estate value is calculated by taking the value of all your assets and properties and deducting all your liabilities and debts. 

8. How to Resolve disputes arising among your family and beneficiaries even where there is a Will

• Where there is a Will there is a way, but where there is a clear Valid Will then there is a better way

• Leaving a Will is only 50% of the solution, because even with a Will disputes do arise.

• Where some of your beneficiaries feel short changed

• Where others may feel you were manipulated or where the beneficiaries feels that their executers or trustees are not doing the right thing 

• This disputes are best resolved through ADR- alternative Dispute Resolution instead of the court system such as family meetings where you create a deed of family arrangement or failing which then a family meetings with a few non family members to assist in the discussions failing which a mediation with a trusted person to mediate either a pastor etc. failing which then a formal mediation with a court certified mediator appointed by the court. This means that you will have to file a case in court which the judge will then refer to mediation. 

9. Benefits of ADR

• Privacy 

• Family relationships and unity are preserved 

• Reduced cost because court battles are expensive 

• The integrity of the deceased is preserved and he/she is honoured  

How to deal with an emergency and other good advice

 

 

The end of the month. August is over. The sun shines brightly. There is much movement on the roads. The new normal. Nothing is like it was in March of this year. Everybody has had a mind-shift. Old wounds have opened suppressed fears, uncertainties and doubts.

Relationships have become more digital. A deeper slavery to our gadgets has emerged. Some are getting out of shock and denial. Spending habits have changed. Learning has become the new order of business.

Children and adults with mal-adaptive schemas are reacting according to their programming. There is a general sense of mental anguish among these folks. Their reactions to criticism, counsel and coercion take them to dark places of anxiety, depression, mania and suicide.

The good news is that healing is at your fingertips. Psychologists can lead you to acknowledge your past wounds, forgive the perpetrator/s and find healing by imploring the great “I Am”, Jehovah Rapha, who heals the broken hearted.

I am not a Psychologist so I want to deal with the mentally healthy but I appreciate that we are all mad to a certain degree and the Corona virus is an effect modifier or amplifier. So I will not hold your mental state or mine against you. We are in this thing together.

What I will not relent about is to guide you onto a road I have recently joined. The road to Financial stability, the central pillar of which is you in all your physical, emotional and social dimensions. I seek to educate you on how to grow you pools of accumulation and your money multipliers so that you too can be on the road to Financial stability. This is a journey and a destination, a process not an event. Allow me to be your guide so that you can buy into the right solutions.

At a time like this during the current market disruption it pays to grow your emergency fund which should be six times your monthly expenses. This should be easily accessible. You may need an opportunity fund which is ten times your monthly expenses. It all starts with the first KES 1000.

Life Insurance in this season?

 

The cremation of a young man who died after a critical illness is just over. A young lady colleague also passed on from an unspecified critical illness, last week.Elsewhere, Inooro TV has a funeral announcement segment, Matangazo ya ikuzo where a number of deceased young men feature. Who knows what killed them.

This begs the question “Is COVID 19 targeting young men?” The Epidemiologists have an explanation for this gender bias of the novel SARS-COV2 virus. So there must be other COVID related deaths in the young male segment of our population.Our death toll from COVID stands at 418 souls .

I am sad. Death does that to us. I educate young people about savings, investment and risk management. From where I sit, being a young man in this COVID 19 season is risky.

How many young men below the age of 35 have Life Insurance? Could it be that nobody has talked to them? The idea behind this post is a reminder to this important segment of our population that we are indeed all mortal. We will all die, a few of us sooner rather than later, from this “Rona” among other causes.

How do we avoid the risk of infection? Wear a mask, wash your hands frequently, do not touch your face and keep away from crowds. How do we share the risk of dying, however small, from this virus, if we follow all Ministry of Health protocols to the letter?

You can share this risk with family and friends. They will already be over-burdened with grief, if you are no longer in the picture. Does it make sense to spare them an additional financial burden?

You could consider buying a Life Insurance policy and share the risk of dying with a reputable Insurance company like the one that I work with, Britam Insurance Company Limited. I would like nothing more than this epidemic to spare you and me. Nobody can give us any assurances and this is worrying.

This is a difficult time to talk payment of Insurance premiums. Two professional women I talked to have suffered 30 – 50% pay cuts. Waiters no longer get tips in Java coffee shops yet the economy is chugging along, they tell us.

Life has changed. Our goals remain the same. Goals for the good of our families and ourselves. The risks we are exposed to have changed. We must change too. Let us embrace change, let us avoid risks, reduce the risks or manage them. Life Insurance is one way of managing the biggest risk of all – the risk of losing our own lives prematurely. Life Insurance is also a way of saving money in an organized fashion.

This could be the best time to review your Life Insurance policies in the light of the many changes we have all experienced. A time to review your savings and investment plans as well. A time to get in touch with me .Life is too short to waste a minute, without getting our financial security ducks in a row for our loved ones and ourselves. Stay safe. Wear a mask in public. Wash your hands. Keep way from crowds. Review your Life Insurance policies. Look for me.

Sell more, save more, start now

You want to sell more. Do not apologize about your desire to add value to others. You want to sell. You add value to people. They need people like you to make their lives comfortable. You provide solutions to their pain and they will gain from your product or service. You are worthy of just payment for your efforts.

Mwende is a farmer in Makueni County. She wants to earn more from the vegetables she grows but doesn’t know exactly how to get more for the many hours of toil she puts into her farm. Her produce is sold at costs determined by middle-men in her local market close to Wote.

What does Mwende have to do, to earn more? She will have to manage her costs and manage her income. She will have to cut the wastage of money on her farm and manage post-harvest losses from theft and pests. How does she attract paying customers who will pay her on time? I have bought into Mwende’s honesty and industry.

Like Mwende, if you want to attract the right customers or clients you must tell them, tell them and tell them but ask that they buy into you first. They first buy into your message, then you and then your product or service. Sometimes the message is wrong. They will not buy into you.

Knowledge about your product or service doesn’t lead to a sale. Maybe you didn’t package your knowledge well enough. Maybe you didn’t break it down into a language that your potential clients could understand. Maybe your value proposition is not clear. Maybe your value proposition has no emotional appeal. Buying is an emotional process.

I work with people who understand the need for Savings, Investment and Risk Management. All of them are selling something. They are selling their time and talent, sometimes their property for treasure. They all need me to educate them about how to manage their treasured money.

I take them down the road of appreciation for the good that money can do, the need for it to be managed properly and the need to plan for saving it now and using it in the future

Victory is not always to the swift but time and chance happen to them all. Some get it quickly. Some take a while. There is a need to delay gratification for a stress free future. One has to forego immediate wants for future needs.

At 1 year old you are successful if you have mastered the art of walking. At 65 years old you are successful if you are free of disease. What happens in between can determine how successful you are at 65 years. Ask anybody in his or her sixties, ask me. We will tell you that what you do with money in your earlier life impacts on your later years. It gets lonelier the older you get.

Money can buy company (often the wrong kind including gold diggers) but it could also buy you peace of mind that your bills will get paid in your retirement. Savings is an art, Investment is a science, Risk management is a gift you give yourself and your family in adversity. Plan yesterday, start working the plan today.

If you want to review your Business,  Savings , Investment and Risk management plan or don’t even know that you need one, talk to me for free by booking a discovery call with me by clicking here

There is work to be done; are you ready?

Are you among the minority of Kenyans who are in formal employment? Brighter Monday Kenya, an online jobseekers platform estimates that job opportunities have dropped by 58% in the last 4 months.

According to the Kenya National Bureau of Statistics (KNBS), over one million people in Kenya lost their jobs as companies closed or downsized to survive the economic downturn brought about by the COVID 19 pandemic

Jobs in some sectors have survived the downturn in the economy. Lockdowns and curfews have been blamed. Workers in creative and design, marketing and communication, legal services, human resources and administration have survived the massive job cuts.Have their employers insured them against new workplace related risks? Maybe they have to support relatives who have been downsized.

Pardoxically, jobs for Doctors are being advertised abroad while local Doctors are unemployed. Clinical Officers and Public Health Officers are being infected due to the lack of Personal Protective Equipment. This latter cadre are managing the pandemic in public facilities. They will get it soon. They must manage the risk of sickness and death in the workplace themselves. How many of them have Life or Medical Insurance?

Maybe you were one of the lucky few who supplied masks and PPEs and got paid. You may want to consider investing your funds in a Money Market Fund or Wealth Management Fund until your next windfall.

This has made many economically productive adults leverage on their other skills, exposure, education, expertise and networks to pay their bills. In other words, they have become small business owners. Business is about adding value and managing risks. What new risks do they face – fire, floods, theft? Are these risks insurable?

Last week was interesting. A class-mate lost an ex girl-friend to what he thinks, were COVID related complications. A Public Health Officer in Wajir lost his life to the same disease. A colleague has come down with COVID 19 - she is in self isolation.

Our risk profiles have changed whether we are self-employed or in formal employment. Risks have to be avoided, shared or mitigated. The Insurance Industry could help you out.

Everywhere I looked last week, I was reminded that I am merely mortal, that I live in interesting times and that I must try and make a difference in the lives of those I come in contact with. I have little time and so do you. If you have read thus far, you will want to get in touch with me about how to navigate these interesting times; how to save,invest and manage risk.

Dr Melvin D'lima is a Personal Financial Consultant with Britam, A Business Coach and mentor at Passion Profit Limited with a background in Dentistry and Public Health. He enjoys writing poetry,short stories and blogging.

.

Message from Course Director, Activate Program

I want to thank you for taking a bold step. Enrolling in the Activate program is an admission that you want to succeed and that you want to be in a flourishing business five years from now. Our business is to walk with you on the journey to more clients and cash flow into your business.

How we do it, is the subject of all that we will teach you, as we co-create a new business reality, full of possibilities. We are going to be your loudest cheerleaders. We are also going to hold you to a higher standard. The journey has begun.

Expect to be challenged in the areas of your self-limiting beliefs, which drive your behavior and have, thus far, given you the same results. We will help you build on your personal values as you tighten your value proposition and business model.

I am excited about you on your journey, with us, of Activating your passion and turning it into profit by creating order and a legacy, by shifting your mind. Every thought has an equal reaction in your subconscious. Every positive thought will be manifested in your reality as a business owner.

Welcome to a millionaire mindset. Thank you for choosing Passion Profit to teach guide and mentor you to personal and business success. I bestow a blessing on you now and on your path to the stars.

Dr Melvin D’lima                                                                                                        Course Director, Activate Program                                                                                  CEO, Passion Profit                                                                                                        Nairobi                                                                                                                           

July 23 2020

 

Options for investment by retirees

Options for investment by retirees

1.      Independent pension plans with income draw-down or lifelong annuity payments

2.      Wealth Management Funds at 9% daily compounded interest (taxable)

3.      Unit trusts at 8% daily compounded interest (taxable)

4.      Unit linked life policies at 13.7% interest (Tax free) for a lockdown period of 36 months

5.      Term Life insurance for those below 65 years

6.      Offshore investments in USD

7.      Forex trading

Cr  Cryptocurrency hedging or mining

8.      

O   The author, Dr Melvin D’lima is a writer, speaker and authority on money matters for small business owners and professionals in private practice. He is a Financial advisor at Britam.

We have all gone nuts over a crown

The week that was.Mental health is following the COVID 19 curve very closely. Anxiety and depression have assumed epidemic proportions. Wife and child battery, murder as well as sexual abuse are rampant. This virus brings out the worst in us. Thought mental illness only affects others? Think again

In my Westlands neighborhood, residents buy umpteen bottles of spirits from a convenience store on a daily basis. Alcohol numbs the anxiety and soothes the depression or so they seem to suggest. Are they running mad? – watch their language.

 Last Friday, a friend who was attending a funeral gathering of a young man who had committed suicide, reversed her Toyota Prado into the Toyota Prado of a Real Estate developer whose He was anxious. His SARS-CoV2 positive brother was in the ICU at Aga Khan University Hospital Nairobi and had run up a bill of KES 800,000 in 24 hours. She was anxious. In the middle of this situation, her son had just survived a Pulmonary Embolism. Her son is in his late twenties. Her sister is undergoing radiotherapy and brachytherapy for cervical cancer at Kenyatta National Hospital

The upshot of this is that anxiety and depression fuel irrational actions which can impact other people going about their business. Both these parties had the cash to extricate themselves from this fender bender. My friend went out of pocket to the tune of KES 20,000.She replaced two reflectors. One each for each vehicle and paid for a very small paint job. Both parties value the appearance of their cars.

Senior citizens are going crazy, being locked up in their houses, for their own protection. They need to be kept away from asymptomatic SARS-CoV2 positive young folk who are swarming into the counties that had been locked up and locked down. These possibly crazy youth are back to doing what youth always do – living recklessly.

Parliamentarians and Senators have passed a raft of Bills which penalize the tax paying public. Have they lost their senses like the Teachers who can only wait for January 2021 to go back to work. Police officers have slowed down their contributions to their SACCO. Fewer bribes on the road, perhaps? They must be going crazy.

I know you aren’t among those who supply air to a government project and are still paid. It is those crazy folk, who used to live in Ngei Phase 2 but have now moved to Karen, who did that. They are so sane they don’t know how to tastefully furnish a living room with curtains and upholstery which actually match. The insane nouveau riche what?

I should be raving mad to expect you who has a couple of Million holed up in a bank to shift your money into a Unit linked Trust fund for 36 months at 13.7% interest, tax free with an administration fee of 4% giving you an effective tax free interest of 9.7%.

Relax, I work with Asset Managers who are less mad than you and me. They can wrap their heads around interest rates and returns faster than I can sprint to the kiosk next door. You can’t better this interest but why don’t we meet online or let me visit you so that you can assess my mental stability and vice versa.

 Dr Melvin D'lima is a Financial Advisor with Britam. He works with astute individuals who want a good return on their investment

Testimonial from Denise Ngibuini of Cogwheel Creations

Before the Activate Bootcamp, I was winging it at my business. I had the skill but zero business knowledge. I have made many expensive mistakes, dissolved a partnership and pivoted close to 5 times trying to find my ground in this thing called entrepreneurship. I almost gave up on this. The 5 day bootcamp opened me to a world of trusting in my passion again. This time, learning it from a business angle. From the business idea, to the value proposition, to creating a business model canvas to building my service around design thinking, to learning how to promote it and packaging all I have to offer into a pitch. I'm so excited at this new journey. My mind has been transformed. I have met new friends who are keeping me accountable, and a Coach Dr Melvin D'lima who has me researching and finding ways to be relevant in this pandemic .. I am not yet there, but I am equipped to turn my clients into repeat clients and build a steady source of income! This is the best investment I have made in my business journey!! Thank you Frida Owinga, Dr Melvin D'lima and the team for making this happen

Sun and sand while you save, Sir!!

I attend many meetings. I have to be trained and re-trained. I am loved and hated in equal measure. Rejection is a frequent daily experience for my ilk and me. I am a Financial Advisor like my late Maternal Uncle, Bento J Desouza, before me. He practiced his craft in Kampala, Uganda and Toronto, Canada. I am in Nairobi, Kenya. I work with a reputable company in this space, Britam Kenya Ltd. Insurance penetration in this market stands at 3% of the population of close to 45 Million Kenyans

We probe our clients using Who, What, When, Why and How questions surrounding their needs and wants. Our solutions lie in the areas of Savings, Investment and Risk Management. Our objective is to put you on the road to financial stability.

The Kenyan economy has been severely dented by a little virus. Employers have laid off or sent workers on unpaid leave. This has hampered the affected in their ability to pay for non-priority expenditure. Their priorities have changed. On KTN TV last night, I watched the regulators and leaders of our industry remarking that Life and General Insurance premium receipts have dropped drastically. Motor vehicle insurance is mandatory yet some motorists are downgrading from Comprehensive Insurance to Third Party Only Insurance. Other are simply not renewing their covers. Folks with Group Medical covers from their employers, lose out when their employment is terminated and the employer stops paying premiums. The uptake of new Medical Insurance covers is not as vibrant as it was three months ago. Life Insurance policies are in danger of lapsing.

In this season I wish to look beyond the dark times in which we live and hold my clients to a higher standard in the Financial space. Besides being a Financial Advisor I am a Business Coach and Mentor so I can show you how to recover from the effects of this pandemic. As a life Coach I can help you develop lasting solutions to creating business sales, profit , order, impact and legacy. 

Insurance protects your sales and profit and affords you the opportunity to get savings  to invest and leave impact and legacy to your family and society.

I am reaching out to you as part of my Business Continuity Planning. I am in the process of creating impact and legacy just like you. Why don’t we meet online to get to know each other. If you have read thus far you will appreciate that I mean well and am committed to looking out for your best financial interests and mine.