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