Aston Lukoye
While most individuals want to purchase their homes or flats so they may stop paying rent, some want to build properties to rent out.
Rachel Muthoni, a lady who made a reputation for herself by pure hard work and perseverance, revealed in her post on Wednesday how she managed to build four housing units and gave personal financial growth advice.
She was born in Mombasa, Kenya, and lived there for 13 years until her father retired and the family relocated to Embu.
Hard work and Determination
Rachel previously characterized herself as a vibrant, driven young lady who strives to be better every day by changing the world around her in little ways.
The radio host’s confidence in herself is also motivating. While still with Homeboyz Radio, she purchased KES 300,000 for a billboard in Nairobi promoting her website, mwalimurachel.com.
“I subsequently obtained another loan from the Sacco to improve my automobile,” she notes.
“Now, the first auto loan that I had borrowed to build the units is being repaid by my salary (which has also increased over time), and my current Sacco loan is being serviced by my four houses,” Rachel says.
Before taking a shot at the current educational system, she added that students should be taught about studying and understanding money rather than algebra.
Saving for the Future
Rachel urges young people to start saving for retirement early, stating, “10 years from now, you will thank yourself for doing these things that many people don’t understand.”
But success requires time, and despite reaching her goals with the support of family, friends, mentors, and investors, Rachel believes that remaining “humble and minding your business” attracts such individuals.
“I’m posting this to demonstrate that it takes time, patience, failing, trying again, and not giving up.” “I understand that I didn’t achieve it on my own,” Rachel said.
“I’m posting this to demonstrate that it takes time, patience, failing, trying again, and not giving up.” “I understand that I didn’t achieve it on my own,” Rachel said.
“You will win some and lose some, but the lessons learned are timeless, so you truly don’t lose.” “You win,” Rachel replies.
“Not all debt is bad debt,” Rachel adds, detailing how she acquired her first car, a Toyota RunX, with a loan and some of her savings.
“Not all debt is bad debt,” Rachel adds, detailing how she acquired her first car, a Toyota RunX, with a loan and some of her savings.
Advice to the Youth
Rachel advises that once you start making money, you should be cautious in how you handle your lifestyle and money and that saving is a good alternative if you don’t have any plans for it. She even suggests taking a financial education class to grasp how money works.
Final Thoughts
Rachel presented personal financial growth recommendations based on her experience as a practical example of where she is today, in addition to the uplifting message.
Rachel presented personal financial growth recommendations based on her experience as a practical example of where she is today, in addition to the uplifting message.
Source: Standard
GIPHY App Key not set. Please check settings