They say the best way to manage the money you do not have is to first imagine that you have it and picture how you would have to spend it. If someone gave you 17 million shillings, how would you spend it? Where would you start with it?
I know your first question will be, where will get the 17 million? Of course, no one can just decide to give you 17 million shillings out of the blues. The only way is through the SportPesa midweek jackpot that has hit 17 million shillings.
So, before we talk about how you will spend the 17 million, first know that with your 99 shillings, you can predict the 13 midweek jackpot games and walk home with 17 million shillings. You do not have to be a pro in matters of football to be a millionaire.
Let us say that you have now won the 17 million shillings. You have picked up your cheque from SportPesa and the cash is in your bank account. First, you will have to ask yourself if this is your first time having millions in your bank account.
If it is your first time having such millions in your bank account, your first move will have to taste the life of a millionaire. Start by treating yourself. This will help you absorb the “shock” as you reflect on your next move. I would suggest that you take 100,000 shillings (this being the low season) and go to Diani and relax for one week. You deserve that.
The second thing you will need to do is to change your phone number. Not that you are selfish but this will help you minimize the number of calls you will be receiving from people who will want to give you “investment ideas.” So, switch off your phone and get a new line.
Once you have settled, go through a list of your initial economic activities. For instance, are you a farmer? Do you have a piece of land? Would you love to have a car to help you move around? What venture do you think will give you good returns when you invest in?
You may need to decide whether you want to continue paying rent if you are doing at the moment. You can decide to construct a house in your rural home or buy one in the city. With as little as 3 million shillings, you can have a good house in your name.
If you are a farmer, how big is your piece of land? If it needs a tractor, then buy one to mechanize your farming. If it is small, you may need to advance your farming and do horticulture and seek ways how to sell to big farms or export for more returns.
If you would love to get cash from the transport sector, buy a matatu and register it with a reputable Sacco. I would advise that you buy a new one and you make it for long distances. That way, you will be able to realize returns faster than short distances.
You may also think of changing the education status of your kids and taking them to a good school. But be careful. Take them to a school that you can afford not an international school that will blow your millions within a few years.
How about becoming a landlord? With 17 million shillings you can buy a whole apartment and rent the units out. If you have a piece of land, you can decide to construct your own units and start walking around as a landlord.
So, if it were you, how will spend the 17 million shillings?