Mr. Meeseks

@VictorNyakund10 @Onchirijames If your deposits earn 11% p.a. and the loan is 12% reducing balance (6-7% effective cost), your savings are actually compounding faster than the cost of borrowing against them. That is leverage, not necessarily bad finance. The problem is if the loan is used for consumption.

@Onchirijames Why borrow 300K, pay interest when your savings are let's say 600K? Isn't that stupid move? Take a loan pay interest instead of using your own money to avoid interest payment?

I am not against SACCOs. They work well for many people, especially those seeking disciplined savings, dividend income, and access to relatively affordable credit. However, personally, I have never been a strong fan of the SACCO model in Kenya and I have never joined any! Here is why: 1.Why should I write a withdrawal letter and wait 60 days or more just to access my own savings? Most SACCOs impose notice periods before refunds are processed, especially for non-withdrawable deposits. While this is meant to protect liquidity and the stability of the SACCO, it significantly reduces financial flexibility for members. 2.Why is it that if I accumulate share capital worth Ksh 1 million, I may not freely access it unless another member agrees to buy or transfer the shares from me?Why can't I sell them or why can't the sacco pay me and absorb them? Unfortunately, in many SACCOs, share capital forms part of the institution’s permanent/core capital and is generally non-withdrawable. In most cases, it can only be transferred or sold to another member upon exit. 3.Why should I borrow “cheap loans” against my own savings instead of simply withdrawing my savings? The SACCO model is designed around leveraging deposits to create access to credit rather than allowing unrestricted withdrawals. This works well for members who want long-term disciplined savings and credit access, but for liquidity-focused investors, it may feel inefficient. Why do I need guarantors to borrow money that is already secured by my own deposits? Many SACCOs require guarantors because loans are issued based on cooperative risk-sharing principles. Members often qualify for loans worth two to three times their deposits, and guarantors act as additional security to protect the SACCO from defaults. From a purely liquidity and capital-efficiency perspective, it may not always make financial sense to pay interest on a Ksh 300,000 loan when you already have Ksh 600,000 locked in deposits that are not easily accessible

Gyokeres fighting off defenders all game

BUDAPEST-BOUND.

Arsenal fans, book your flights and hotel to Budapest. Trust me, we will be there.

CHAMPIONS LEAGUE FINALISTS ❤️

I rarely laugh out loud, but this had me laughing so hard.😂😅😂😅

🚨🚨| MEAN WHILE IN TANZANIA, A PUSKAS WORTHY GOAL WAS SCORED. ⚽️🔥

This cost them about $1 trillion. The truth is, you cannot build systems like this exclusively on the logic of profit. You cannot expect to break even in 20 or 30 years. Projects of this scale are built because the government decides they must exist to serve the people. And this is a problem with systems that are strictly, or overwhelmingly, capitalist. If you leave every problem in your society to the spontaneity of the market, some challenges are so large and so unprofitable that you will never have sufficient incentive to solve them.

Those of us who read Rich Dad, Poor Dad & used to listen to RK know too well that with a good tax accountant/consultant/advisors/auditors he Will pay zero, zilch, none, nada. Infact it's KRA who should pay him (read tax reliefs)

Buying this and flying it over Prophet Owour followers.😂

Leeds playing Smooth Criminal after beating Michael Jackson, interim manager of Burnley, is exceptional sh*thousery 😂

first in my bloodline to question religion

The 10 Benefits of Being an Atheist 1. You stop wasting your time, money, energy, and brain cells on useless religious bullshit and empty rituals. 2. Your life is finally free from stupid fears of imaginary demons, jinn, hellfire, and an angry sky daddy watching you jerk off. 3. This life becomes priceless. No fake afterlife means you actually treasure every moment instead of treating it like a shitty waiting room. 4. You escape the built-in religious hatred, no more forced misogyny, homophobia, ethnocentrism, tribalism, or treating outsiders like garbage. 5. Your brain stays open and honest. You can learn real shit without some 2000-year-old book cockblocking your intelligence. 6. You never have to embarrass yourself defending talking snakes, virgin births, global floods, or other Bronze Age fairy tales. 7. You become a decent human because you actually give a fuck about people, not because you’re scared of eternal torture. 8. You quit the pointless prayer addiction and start doing real shit that actually fixes problems. 9. You see the universe for what it is: cold, indifferent, and fucking beautiful, without pretending some insecure cosmic tyrant is in charge. 10. You live without guilt or shame for being human. No more self-hate for natural thoughts, desires, or doubts. Fuck that eternal damnation nonsense.

I'm a convinced atheist and here is my drop: The world looks exactly as it should if no gods/god exist. Cold, indifferent, and brutally random. Stars explode and wipe out entire planets for no reason. Kids get cancer while rapists live to 90. One tiny rock in a sea of deadly vacuum somehow sprouts life that mostly suffers and dies. Atoms are 99.9% empty space, wasteful bullshit. Prayers change nothing. Miracles only happen in stories or blurry videos. If an all-powerful, all-loving God was running things, we’d see order, justice, and mercy. Instead we see chaos, suffering, and silence. Exactly what blind physics and dumb luck would produce. No divine architect. No cosmic parent watching over us. Just a messy universe doing its thing, and us temporary bags of meat trying to make sense of it before we blink out forever. That's reality. Deal with it.

While government conditions and leadership influence opportunity, the trajectory of individual success is largely shaped by personal financial behavior rather than policy alone.I know Kasongo,has made things harder but even under ideal governance, wealth would remain concentrated among a minority because sustainable wealth creation demands a high level of discipline, delayed gratification, and consistent execution, traits that are not widely practiced. This reality is evident even in the world’s most advanced economies,like USA where a significant portion of the population is homeless majoritylives paycheck to paycheck despite abundant opportunities. Financial progress is rarely accidental; it is the result of understanding how money works and applying that knowledge deliberately. Earn with intention, control your spending, build a savings buffer, and invest consistently in appreciating assets. Over time, this disciplined approach is what separates those who build lasting wealth from the majority who remain financially constrained.

Christianity is one of those beliefs that can sound normal when you grow up around it, but once you step outside it and look at it critically, a lot of it starts to feel very absurd. You’re told to believe extraordinary claims like virgin births, resurrections, miracles, demons, answered prayers, and a God who controls the universe, yet the evidence is usually faith, old stories, and personal feelings. If these same claims came from any other religion, many Christians would reject them immediately. Then there’s the problem of suffering. We’re told God is all-powerful, all-knowing, and loving, yet the world is full of war, disease, disasters, starvation, and children dying painfully every day. If someone has the power to stop that and chooses not to, calling them loving becomes difficult. The Bible itself raises problems. Christians call it perfect truth, yet believers disagree on what it means, split into countless denominations, and often choose which verses are literal and which are symbolic depending on modern comfort levels. Many biblical stories also look like products of ancient people trying to explain the world before science: floods covering the whole earth, talking snakes, demons causing illness, humans made from dust, women from ribs. If written today, most people would classify them as myths. And then there is God’s silence. If God wants everyone to know him and have a relationship with him, why is his presence so unclear that sincere, intelligent people across the world honestly do not believe? When you step back, Christianity can look less like revealed truth and more like a man-made system built from fear, hope, tradition, and the need for meaning. Once faith is removed from the equation, much of it stops looking sacred and starts looking strangely human.

Imagine spending your entire life looking only at shadows... believing that this is all of reality. That's exactly the reflection that the Greek philosopher Plato presented in the famous Allegory of the Cave, described in his work The Republic. In the story, people are trapped inside a cave since birth. They can only see the shadows projected on the wall and believe that this is reality. Until a prisoner is freed. When he leaves the cave, he discovers something shocking: the real world is much bigger than the shadows he saw. But the most impressive thing happens when he returns to tell the others... They don't believe him. Plato used this metaphor to show something profound: often people prefer to remain in ignorance because facing the truth can be uncomfortable. This allegory raises a question that remains relevant today: Are you seeing reality... or just its shadows?

One mistake Africans make when it comes to money is that they do not maintain capital. They earn money and build a house, buy a car, help people in the village, throw parties. They do not keep capital, they do not collaborate with others who have capital. Ownership of capital is how keep wealth over the long run. If 5 people can jointly field 1bn, they can make more from the 1bn together than if they each had 200m. Always grow your capital, and collaborate with people who also have capital so you can join deals. And never be greedy - the bigger your capital, the safer your investment target should be. Work with the same people for long - if you know a retailer who regularly needs 10s of millions for restocking, be their capital provider over years. You too will know the business, and you will have a good sense of how at-risk your capital is. Chasing new ideas is often poor. Many people have technical knowledge or access, but lack cash to execute - if you see them do it 2-5 times, join them on the 6th time with 10% of their need, then 20%, etc. Try to never cross 30% financing, otherwise you are taking all the risk. Keep your capital liquid when it is small and lock up in safe, interest producing assets when it is large. Only ever buy private homes or cars from your interest - your wealth is not your capital, it's your interest.

The song didn’t need to go that hard 😂