Finance Coach: Being Young Is Your Biggest Financial Advantage (Most Don’t Know This) ||EP 83

What’s up No Trollers 
In the studio today we’ve got Victor Mutta, one of the most active investing and finance coaches in Dar, for a real conversation about money, mindset, and behavior.

We dive into the big question:
Does money change you… or does it just expose who you really are?

Victor breaks down why most people lose money even when they make it, the biggest investment mistakes beginners make, and why building wealth is 20% knowledge and 80% behavior.
We also talk greed, fear of losing money, spirituality and money, and how someone can realistically start building wealth from zero.

🎧 Listen on Spotify, Apple Podcasts & everywhere you get your podcasts.
📲 Want BTS, guest drops & exclusive chaos? Join the IG VIP Chat—$3/month (Tsh 9,900)\So yeah we back with another Episode of No trolling podcast hope you guys will enjoy it!!

(Victor's Socials)
Instagram - @themoneyguytz
Tiktok - @themoneyguytz

SHOUT OUT to pentagon rentals for the SPACE , if you a podcaster or you just enjoy making content, Pentagon rentals is where you're supposed to be

Filmed by: Rocky the mutator & jordan
Edited by : sean81jax

Chapters;
00:00 Trailer
02:07 Does money change you
14:24 Intro
15:56 Dont judge a book by its cover
16:37 What Defines Wealth
22:05 Victor's 1st time on a video Podcast
22:33 How Victor started Investing
25:38 Why most people keep losing money
28:12 The Biggest mistake in investing
33:01 Financial responsibility & Debt
43:20 Helpful Financial habits
45:05 Common investment mistake
49:45 The IST school fees
50:55 The biggest lesson from Coaching
54:00 3 Decisions away from going BROKE!
01:02:39 Being spiritual 
01:07:03 Being an atheist 
01:18:47 How a woman completes a man
01:21:56 Money spending habits
01:24:40 Investing in the Local market vs the Markets abroad
01:31:20 Stock prices Abroad Vs in Tanzania
01:34:03 Tips for Beginners in Stock investing 
01:38:37 Tzee or Not Tzee (NT game)
01:46:30 After the break  
01:49:14 The No trolling Questions
01:44:15 Victor's Financial Goal
02:04:00 Outro & Shout outs

Transcript

SPEAKER_02 0:00

One of the things I've realized, no one is too big to fall. No one is too big to fall. No matter how well off you're doing, you could say your three decisions. It could be your own decision, it could be someone else's decision. You're probably three decisions from going back to Brooke. If you are under the age of 35, you are easily in the luckiest financial situation you can be in. I have so many people who are reaching out in their 40s, in their 50s, in their 60s, and every single one is like, I wish I knew this when I was younger. When you have the advantage of youth, you have the advantage of time, you have the advantage of energy. And depending on how young you are, you have the advantage of having very few responsibilities. There's no real magic behind it. It's earn aggressively, invest aggressively, and just hope the numbers work out. So you're an atheist. That's the word, I suppose, yes. I just don't have the same beliefs as you, right? Because people think that, oh, you're an atheist, and they take that as an attack on their beliefs. No, like believe believe what you want.

SPEAKER_00 1:02

Nah. Nope. No trolley. We ain't trolley, y'all. Don't sweat it.

SPEAKER_04 1:10

What certain trollers? Guess what? No trolling podcast is just partnered with TZ to bring you guys the coolest drink for all of y'all that are young at heart. I genuinely love the taste of the drink, and I'm pretty sure you guys are gonna love the taste of it as well. So make sure you grab yourself a TZ drink. Let's see good this season. Come on, you know what I'm saying? And also, 61% of you guys don't realize you haven't subscribed yet. So, can I ask you for a favor before you dive into the episode? If you like and enjoy the conversations with having here every after two weeks, and you feel like you want to support us, hit the subscribe button. It's completely free. It's the easiest way to support the pod. And I'll genuinely appreciate that. And when you do that, I promise you, every time we upload, the episode is gonna be better for you. Me and my team are gonna be working tooth and nail to make that happen for you guys. Thank you. All thoughts, views, and opinions expressed on this podcast are entirely our own. They are for entertainment purposes only. I repeat, entertainment purposes only. We're not exposing, condoning, indicting, or telling you how to live your life. Now, enjoy the show. Do you feel like money changes you like or it just exposes you who you are?

SPEAKER_02 2:17

Hmm, I want to say a little bit of both, but if I had to lean to one or the other, it allows you to be more your more natural self.

SPEAKER_04 2:26

More natural self.

SPEAKER_02 2:27

Yes, because there's some things that well, okay, let's let's take it like the positive way and the also positive way. Okay. Uh the positive way is that if you're always constantly stressed about money, that's kind of like the number one thing that people worry about is money for a lot of time. So it's not enough money for this, not enough money for that, yeah. Working too hard for money, someone breaking something, which means, oh gosh, now I gotta replace that with money. Yeah. Um, so people can become very uptight and wound and I guess you can even say angry at people and short-tempered. And if you have enough money for not to worry about that, you realize that all of those problems can go away. So you can become a calmer person. If you were still doing well financially and you're still an angry person, that's just like in your DNA at that point. But then there's the not so positive side because a lot of um our Tanzanian culture is like a collectivist, that's what they call it. Like collectivism is the idea like it's about the goodness of the group and supporting each other rather than to give a contrast, like the American one is like everyone kind of finding their own way. And that can be good, that can be bad, just like anything else in life. But you find that um as people can kind of like make more money and need less of that, it can wind up eroding and breaking off some ties that if they had less resources they'd have worked harder to maintain. And this can be good and bad in and of itself. It can be good in the sense that sometimes uh you might be stuck in situations around people that you don't want to be around just because they're awful people or whatever, but money allows you the freedom to get out. And it can be also in a bad sense, whereby you go, like for example, for many like uh gated neighborhoods in nice places, you find out that everyone kind of sticks to their own house. They don't even talk to neighbors and hang out with them. That doesn't necessarily mean that they're bad people, but it's just that everyone's in their own very expensive and fancy cage and or comfort zone, let's call it, and then coming out to go and see each other kinds becomes a bit difficult. Um so it more exposes you and allows you to be who you really are. How does it do that though? Because let me see how does it make you more of who you are?

SPEAKER_04 4:59

Yeah, how how is it like a chemical produce, like some sort of dopamine that pro it make money produces in you like when you have it, or how does it go about to like exposing who you really are? Like what's the is it what's the science behind it?

SPEAKER_02 5:17

Um I don't know what exactly happens on a neurochemical level because like the stuff that I've read research-wise in terms of like the money's effects on the brain is things like um losing money, like feel causes like this activates the same parts of the brain as physical pain. Yeah. Uh making money apparently activates the same part of the brain as heroin. So what?

SPEAKER_04 5:42

Damn. That's high, the money high, the money high, good though.

SPEAKER_02 5:47

Yes, yeah. So like it's it's that it's that bit of don't mean whenever you save money, but if as far as like someone growing up around money and having that influence is on their brain, I haven't um read anything in that kind of level. But I can give a personal example in my case. Like, I I I uh before getting on this whole journey about like saving money, being responsible with it, investing, building your own wealth, and so on. I was someone who was pretty um a little bit uptight around certain things. And a lot of that was just because I felt like I had many things to do and didn't have enough money to do it. I didn't know how to plan and figure things out and make that happen.

SPEAKER_06 6:35

Yeah.

SPEAKER_02 6:35

Uh so I'll be honest, I was an is I was, and I'm working on this, but I was an especially stingy person.

SPEAKER_04 6:46

Yeah, I can I can definitely see it on your face. You have that look in your face like a really stingy motherfucker, you know what I mean? You got it.

SPEAKER_02 6:55

I used to. I used I'm working on kind of like um letting go of that because that's uh response to a situation whereby like I didn't have much. Like I felt uh one one one time I felt like okay, let me take a step back. There was a certain point in my life I did an assessment of what I was doing financially for the last like four years of that time. Yeah, yeah, yeah. And then I found like my my best year financially was uh totaling about seven million shillings, which is about like six hundred thousand a month on average. And when I saw that number, I was like, uh I don't really have much to work with in terms of the life that I wanted and so on. So when I realized that that's the situation I'm operating in, a situation of like lack and I guess you could call it like scarcity, what little I had in terms of like giving that away or like helping someone or whatever, I felt like if I gave that, there's no way for me to make it back.

SPEAKER_07 7:57

Okay.

SPEAKER_02 7:58

So that led to me being very, very stingy. But like over the last kind of um two or three years of working on my own money mindset, working on my own income, and just finding ways to deliver value to people. Because at the end of the day, if you know how to deliver value to people, you're never gonna go starving, you're never gonna be hungry. But if you don't and you don't know that's how the world operates, any money that gets to you, it's like in my case, it was like I I don't know when the next one will come, so I can't give this out to this one. Yeah, yeah, for sure. Yeah. So I've been working on that. Like I've come up with some intentional rules around it. Like um, number one is something that I picked up from someone. He's a he's a he's a US writer. His name is uh Nick Magulli, Maguli, an Italian sounding name. But he wrote this article that really resonated, which was he calls it like the 1% rule. And the funny thing is, he says that he came up with this because he had a Jay-Z lyric, okay, whereby Jay-Z said, um, what's 50,000? Wait, am I allowed to curse on this? Yeah, you can't. Okay, what's 50,000 to a motherfucker like me? Uh, can you please remind me? Like that was a that's a that's uh wasn't that like niggas in Paris or something? Yeah, I think you're so when the when this guy Nick heard that, he's like, okay, wait, let me do the math. He found out like um Jay-Z's net worth at the time, and then he saw that fifty thousand dollars represents about one percent of his net worth. And then he sat down and actually did like a bunch of math on it, and then realized that technically, whatever your net worth is, you can spend 1% of that amount. Sorry, 0.1% of that amount. Yes, 0.1% of that amount, and it will not have any long-term impact on you whatsoever. So with that, I kind of like realized, oh, hey, so if if anything comes up and it's like less than 0.1% of whatever my net worth is at the time, I don't have to sweat it. I can just do it and go. So that helped me like, okay, like release a little bit more and and and be like so. If someone asks me for money, if it just happens to be under that number, I'm not gonna tell people what that number is, so you don't wind up asking me. But if it's under that number, I'm like, hey, you know what? Just give it to them. Okay.

SPEAKER_06 10:09

Okay, okay.

SPEAKER_02 10:10

Um also myself, when I when I when I go out and I'm like stuck between two choices, like this one is this much, this other one is like this much more expensive. If that price difference is less than that 0.1% number, just go for the more expensive one that you want. That's one rule. Um, another rule is something that I also like talk about in when it comes to like client consultations and whatever, and also like my community, just anyone around me, like friends and whatever. I tell them that I will hassle you over the money that you work for. However, when it comes to your passive income, spend it however you want. So the same same thing for me when it comes to my passive income. Yeah, spend it whatever I want. Uh just ask no questions. You have it, you got it, use it. That's what it's there for. That's what you invest for. Yeah. So that's kind of like two examples of me figuring out a way to become less stingy over time. And money allows you to become more of who you are in that sense of like if you want to be a generous person, it allows you to become more of a generous person. Yeah. If you are a stingy person, you learn to be less of a stingy person. I am working on it. I'm working on it. Um, and if you're someone who wants to be independent and stay away from certain people in your life, um, if you have the finances to do that, you don't need to rely on them, money's gonna let you do that. So it also lets you be more intentional about the people that you hang out with, such that you are people, you're around people that you want to be around, not people that you have to be around. Facts. Whether that's at home, whether that's like at work, because some people are stuck in very toxic jobs, people that they yeah, a lot of people don't like.

SPEAKER_04 11:55

Hey, but I do like my nine to five warriors, man. Shout out to you guys who are tuning in.

SPEAKER_02 12:00

I mean, yeah, the uh I'm not knocking nine to fives. Nine to fives have a very wonderful place. It's that thing of like you have a nine to five, but you're kind of keeping that job, even though you hate like the the co-workers and people there, yeah, um, because you're like, I need the money. Okay. Rather than if you made a few strategic decisions like saving up a like um um saving up uh an emergency fund, or somebody might call this like the start of like FU money, yeah uh, which is basically like a year's worth of cash for you to cover all your expenses for a year. You can say, you know what, like this boss who's always hanging on my neck and harassing me with every single thing, and then calling me at s at midnight and wanting reports done on very short deadlines and whatever kind of stuff. I don't need that. I got my money. I can just, okay, bye. And then you got a year to figure out and find something else. Yeah. Um, it could be like this gets pretty nasty and whatever, but like in a home situation, um, usually happens in the case of sometimes women who are trapped in some home situation where for many various reasons it's not a safe and good place for them to stay. Yeah. But then they wind up staying because they're like they don't have their own money to to to get themselves out of that situation. Yeah. You know, I find it um pretty interesting that a lot of the women I've spoken to in financial matters, it's something that even I've started like telling them like just have a little bit of money for yourself. Like it can just be like one million shillings. Whatever the case, like that's just to g if if things do not work out where you are, that's just money to get you out and find yourself a a a fresh start if you need to, or go back home to Nimbaniquenu if there's anyone who's still around and so on. So um money gives you options to walk away from things and also to do more of what you naturally want to do. Yeah, right. So that's why, like back to your original question, it helps you become more of who you are rather than changes people rather than this. So if you get money and you become like an asshole, that's just yeah, yeah. That's you, that's you, guys. That's you, yeah.

SPEAKER_04 14:13

Bottom line is money doesn't really change you guys, it doesn't. That was who you really were, bro. Accept it, you know what I mean? But with that said, guys, ladies and gentlemen, this is episode 83 of the No Trolling Podcast. Welcome back, no trollers, friends of the show. If you're tuning in for the first time, I appreciate you. Hopefully, you have subscribed because we got good news, man. We just hit 9,000 subscribers on fucking YouTube, bro. You know what I mean? I appreciate the love and support you guys have been showing me for the last almost three years of doing this. And uh, I would have been here without your love and the support, guys. I appreciate the no trollers, appreciate the 95 warriors, the first time listeners, you know what I mean? The pretty ladies that like watching this show. I love y'all. So the audience names is called um no trollers. The name of the audience are called no trollers. We have a catchphrase in the show where we say no trolling, don't sweat it.

SPEAKER_05 15:15

Okay.

SPEAKER_04 15:15

So later on in the show, I'm gonna show you how you we use it or how we we go about using that catchphrase.

SPEAKER_02 15:21

Okay. Yeah. Looking forward to it.

SPEAKER_04 15:22

Yeah, ladies and gents, uh, today in the studio, we are blessed with the presence of Victor Muta. That's how you pronounce your name, right?

SPEAKER_07 15:30

Correct.

SPEAKER_04 15:31

This dude is a coach, a finance coach, actually. He's also like into social media. So he basically, that's how I saw him actually through his video post. He's he's not trying to look cool on social media at all. You can see he looks cool now because he's coming to a podcast and the fancy cameras and then with the fancy cameras. Now he he he dressed up a little bit, but usually he wouldn't even. How do you get people to trust you? You feel like you looked apart?

SPEAKER_02 16:01

I intentionally don't want to.

SPEAKER_04 16:03

Why?

SPEAKER_02 16:05

Because I feel like I want you to listen to what I say and not what I look like or what I have.

SPEAKER_04 16:12

You're literally going against the whole psychology of dealing with the people in general, because people usually judge you from your first appearance.

SPEAKER_02 16:21

I mean, I know. I know. I'm painfully aware of that fact.

SPEAKER_04 16:25

Yeah, and I hate that fact for real, bro. Like you, but you're saying, like, fuck that shit. I want you to hear me. So judge me, but I'm a I'm a I'm a counter that, basically. That's what you're saying.

SPEAKER_02 16:36

The the thing that I'm saying is that if you're someone also, one we need to we need to work on what we consider wealthy to begin with. We need to work on that definition. Explain. Because the example is when someone sees someone driving, like I like the most visible example is like cars. You know, when someone sees someone driving like an expensive or fancy car, they're like, wow, that guy has money. Yeah, okay.

SPEAKER_04 17:02

Yeah, true, true.

SPEAKER_02 17:03

So again, I'm gonna like there's a guy named Morgan Housel, he's a great speaker on personal finance and whatever, is he's he's he's he's American. Yeah, and he says that when you see someone has something expensive, you don't know that they have money. All you know is that they had money to pay for that thing.

SPEAKER_03 17:20

True.

SPEAKER_02 17:21

So if you have someone who has an expensive car, you don't necessarily know that they have money, you just know that they had money for the car. For the car, but but then the rest of their life in the bank, whatever, you don't know what to do. I've heard that before. You don't know. So my whole thing is that, and also why would I spend this amount of money to impress strangers and people who don't know you who they don't know me. There's no benefit to me if they see me in that versus not seeing me in that. The person who's going to be missing out is me because I know what that money could do invested. And it's not like I don't see these cars. My Instagram feed must know how my portfolio is doing because I'm seeing ads for expensive stuff these days. But yeah, I like I see these things and I'm like, oh, the the numbers don't scare me anymore because I've invested enough and I know my investments can get pretty much anything I'm looking at online. But the thing is that confident I just bro, I I know the work I've been putting in. I know the I'm confident in the work that I've been putting in. But yeah, so I have that wealth and I have that money because I don't have these things. You know, I have some people who stop me up on the street because um, after consultations, I like to have a habit of walking all the way back home. Yeah, and then like I tell them, we said in 2026, we're not driving our money. You see me here walking on the street.

SPEAKER_05 18:41

Damn.

SPEAKER_02 18:42

Okay. I I I live what I preach, people. Yeah, I live what I preach. So if I say we're not driving our money, if I say we're not like unfortunately wearing and smelling our money because I know I know it doesn't smell bad, guys.

SPEAKER_06 18:57

It doesn't smell bad, it smells right. It smells alright, yeah.

SPEAKER_02 19:03

But I ain't got no fancy color perfume all. So like it's it's that thing of um I want to put my money in place that it can work for me. Yeah, and then with the dividends that come from that, is that I can do what I want. And the thing, yeah, and and like the biggest flex, I guess the biggest flex you can have is not necessarily like a big house or a big car. It's that you can wake up in the morning and decide exactly what you want to do with your time.

SPEAKER_04 19:27

Priorities. Yeah, so I have I I kind of have the similar way of living uh compared to yours because I've been using this phone for over four years, I think. This is an iPhone XR, and all my friends, people who know me like, Sean, why are you not changing your phone? Just recently, somebody, uh, an old friend of mine on my WhatsApp texted me, like, Sean, why don't I see you having a fancy phone? I've never seen you with a fancy phone. I'm like, bro, because I got my priorities in check, bro. It's not a necessity at the moment. I'm not saying I don't want a fancy phone. I don't, I'm not saying I don't want a cart. I'm not saying I don't want this, I don't want that. It's just that if I get that, do I level up, or I just I'm doing it for the sake of the people who don't even know me of the public eye. Because I had a guest, Idris Sultan, and we said we're leaving public opinions in 2025. Ooh, okay. You know what I mean? Okay, so I feel like everybody should have their priority straight. You don't have to look fancy or I'm I'm not saying don't look, you don't have to if you don't have it. You know, just pace yourself basically. You know, and for me, my priority is the studio, my priority is this podcast, my priority is my team, my company. So these are the people who deserve my money at the moment.

SPEAKER_05 20:54

Okay.

SPEAKER_04 20:55

Some money does come to me. You know, I'll be I'll be dressing a little bit, okay. You know, be smelling good. It has to smell good, bro. But it's just because I like these things and this makes me feel more confident in myself. You know, so don't compromise your confidence for the sake of, oh, I don't have the money. Always priority is confidence. I feel like confidence is everything, man. Don't you agree?

SPEAKER_02 21:19

Um, for the kind of work that you do, yes. Yes. Because you are in front of people, you are very visible, you gotta connect with others, and when you're at that point, like all the stuff that you're talking about really does matter. Yeah. I guess I'm kind of talking in a position of just a regular dude.

SPEAKER_04 21:38

Financial coach. But he's not a regular dude, though. He's not, he's making a lot of money, bro.

SPEAKER_02 21:44

I'm a regular dude. I'm a regular dude. I'm a regular dude.

SPEAKER_04 21:46

He likes looking like one, so you know, camouflage, basically. That's what they're doing.

SPEAKER_02 21:50

Nah, nah, no. You're not fooling nobody, bro. There's no goal to dig here, bro. I'm a regular old dude. Don't think nothing about me.

SPEAKER_03 22:05

How you feeling, man?

SPEAKER_02 22:07

I feel pretty damn good. Um, excited and thankful to be here.

SPEAKER_04 22:11

Yeah, welcome to the podcast.

SPEAKER_02 22:13

I appreciate it.

SPEAKER_04 22:14

Yeah, he told me this is his first video podcast.

SPEAKER_02 22:16

Yeah, my first video podcast. So, like having all the lights and set up. Like, I'm I'm sorry. I'm just used to my little iPhone with my little headphones and like very bad lighting and Mr. We Notice. Yeah, I know. Yeah. Uh yeah, so this is um a step up for sure. You've done a great thing here, man.

SPEAKER_04 22:34

What got you into investing, man? And thank you, by the way.

SPEAKER_02 22:37

I've always been interested in financial success. Although the thing that got me into investing is just it it mostly happened by chance. Because uh funnily enough, you could trace my entire journey here through meetings with about like six, seven, maybe eight people. Uh so the first person I met, gosh, he's he's a bit of a public figure. So I don't know if I can name drop him on this podcast, but let's just call him Jay. Jay, for watching this. Thank you so much for getting me on this journey.

SPEAKER_01 23:11

No, but you can give a shout out to you, to OG.

SPEAKER_02 23:14

No, no, like uh he's a public figure. So it's kind of like mentioning his name. I don't know if if if he's gonna like it. Not if he's gonna like it, but if it's going to be following protocol. I don't know how to explain it.

SPEAKER_04 23:27

What are you talking about?

SPEAKER_02 23:28

I don't know how to explain it.

SPEAKER_04 23:28

You're giving a shout out, you're showing love to somebody who helped you.

SPEAKER_02 23:32

Yes, yes.

SPEAKER_04 23:33

You don't do that publicly?

SPEAKER_02 23:34

Yes, I want to, but it's that thing like I haven't asked him if it's okay to mention his name in public.

SPEAKER_04 23:39

Wow, you're so you're so so I appreciate uh I respect that honestly.

SPEAKER_02 23:45

Yeah, so for him, I'm just gonna call him Jay. Jay, if you're watching this, thank you so much for this. Because him, he reached out in like 2015 and he was like, uh I was working, I was doing media production for like the company he was working at. And then he just organized this random, he's a very passionate person about this and telling people about it. So he organized a little get together for after work to teach some people at at work, and I was invited to it, and then that kind of like became my exposure to it. And then from Jay, I eventually met with Emilian Busara, who is like you could call him like basically kind of like the Warren Buffett of Tanzania, would be like a way you could give him a uh to explain who that is. Um, then from him, I eventually met with uh I I disappeared from 2017. I disappeared. And he won't let me forget it, but yeah, then from there I popped back up with um Financi Chawe, who's the personal um personal finance hub owner. That led to meeting with Edmund Munyagi, who is like Let's Talk Finance, that led to meeting with Nemachami, who is like rich auntie ventures, and then that also led to meeting Abaskim Vuli, who's Wekazajika Tkahisa on Instagram. So these are all people who are like public and I can mention them without worries. And then from like learning from them and just attending a whole bunch of classes and so on, that just became it got me on this journey up until like right now. And one of the things that they have each in their own way taught told me is like we taught you, go teach others.

SPEAKER_06 25:16

Yeah.

SPEAKER_02 25:16

So that's my journey from like how'd you find out about investing all the way to getting like up to here? Just by meeting the right people. So when you have chance encounters in life with certain people, uh you won't know it at the time, but looking back, you realize, oh wow, like these are the people who really helped me get to a certain thing, and you always want to pay that forward.

SPEAKER_04 25:37

Um You know a lot of people be making money, but for some reason people end up also losing money. Why do you think most people lose money even though they're making money?

SPEAKER_02 25:54

I want to say lack of information, but that's not necessarily the case because there's some people who are just like naturally pretty good at saving and and and keeping what they've got. Okay. People are naturally very good at that. So it's a lot of um what would I fikriage, like what do what do people think of me is a big driver. Second is um that kind of thing whereby they want to feed their own ego, okay. Where they feel like uh they should be having some kind of like living standards or lifestyle, and it's fine to want nice things. Again, it's it's not about like, oh, you're not allowed to want nice things, but it's the thing is like, can you afford it or are you rushing it and having it too early in your life? Okay, you know, so you might um have a case where you want to get something, and you might want to you might want to wait about like three to six months, or maybe even three to five years, depending on what the thing is, before you get it, if you want to be able to properly financially afford it and have it and enjoy it and maintain it. Because another thing people don't think about is maintenance costs. Yeah, because the having that nice car, having that big house, having that like uh um having those things.

SPEAKER_01 27:18

What did you want to say? You can say it.

SPEAKER_02 27:22

Having a very high maintenance, let's call them partner. Or partners.

SPEAKER_04 27:28

Yeah, requires high maintenance.

SPEAKER_02 27:32

Uh not all of them, but for some I feel like every woman requires that.

SPEAKER_04 27:37

And if you don't want to believe that, you're you're lying to yourself and you're fooling yourself. That's just on that's on that's on God, bro.

SPEAKER_02 27:45

Okay. Yeah. I'm not I'm not gonna argue or debate that. But yeah, so the you have these kind of things that you want to before you're properly able to have them. So you're you're trying to get them too early. So that's the really big issue why people are losing money. They don't have that ability to wait and to plan strategically and think about not how do I get this, but how do I get this and keep this and maintain this forever.

SPEAKER_04 28:12

What do you think is the most like biggest mistake you've done in investing? Have you ever had a bad investment?

SPEAKER_02 28:22

Yes. Bad investment in the sense that I lost money, but I don't think of it as losing money, I think of it as tuition.

SPEAKER_06 28:30

Okay.

SPEAKER_02 28:30

Because uh I I like I told you can learn by consulting experts and people who can help you, yeah, or you can learn by making your own mistakes. Um and mistakes sometimes cost money. So I lost about like two million shillings on a certain company, but then that was because I was not I didn't at that point I didn't take the time to learn and how to make involve proper decisions. So I was just relying on um someone else's recommendations, and I can't fault them because in the long run they were right. It's just me in the short run, I saw things going badly and I panicked and I decided to have instead of like losing more losing money is painful, bro.

SPEAKER_04 29:21

You don't have to tell me about that. Everybody knows that, like literally.

SPEAKER_02 29:25

No, but you see, the market is a very special beast, so but you can actually see day by day how much you're losing.

SPEAKER_04 29:31

So uh a few years ago I tapped into Forex. Oh boy, yeah, yeah. Let's not even dive into that right now. I'm gonna let you finish it, your story.

SPEAKER_02 29:43

Um, no, no, no, go ahead.

SPEAKER_04 29:44

Oh, okay. So basically, uh I was a greedy motherfucker, basically. Oh boy.

SPEAKER_07 29:49

Uh-huh.

SPEAKER_04 29:49

Uh I was into it because I wanted money.

SPEAKER_07 29:51

Okay.

SPEAKER_04 29:52

I I wanted nothing else but to make money and buy the things I wanted to buy. I wasn't thinking, oh, I want to invest in. I was just thinking, I want to buy a new phone, I want to buy an apartment, I want to buy this for my apartment, I want to buy that, da da da. My dog. I I did make a few bucks. Oh, 500, 700. Oh, okay. You know what I mean? No, I wasn't too shabby. But my dog, bro. I started instead of analyzing the market, I started like I'm trying to mimic what I did last time.

SPEAKER_05 30:33

Oh, okay.

SPEAKER_04 30:34

And one thing about forex trading, it's never the same. You can use the same strategy only for a long period of time, and then that strategy won't work no more. That's usually the case. So if you use this strategy for like two weeks straight, you made money, the next two weeks might not guarantee that strategy won't guarantee you making more money. You know what I mean? So when I I didn't know that at the time, I was just using the same strategy and hoping it works. Oh, okay. And I kept losing money, and when I lose money, I'm like, ah, it's gonna, it's gonna turn, it's gonna turn around. You won't make it back. I'm gonna make it back, bro. I kept lost it. I never made a buck again for two months, bro. I've been not making money at all.

unknown 31:21

Oh no.

SPEAKER_04 31:22

I started watching a lot of YouTube, started playing online courses and shit. People giving me like those predictions, you they send you indexes and stuff like that. I mean, like, yeah, predictions and stuff. Bro, I was so under pressure, I couldn't sleep well because I literally lost everything. And I didn't want to, and I started putting my own money, my own savings, like lost that shit, and then what I was like, hands down, I'm done. And yeah, I never touched our market or looked at our forex market ever again.

SPEAKER_02 31:59

Yeah, forex people are probably yelling at you through the screen right now.

SPEAKER_04 32:03

Hey, fuck y'all. I don't get I don't care that it traumatized me, bro. It traumatized me, bro. And learn the whenever I hear a forex trader talking, I just like yo, don't talk to my face, bro. I don't want to hear that shit. And I wonder if I'd sit down with a forex trader and talk about this. Uh I don't want to be bashed though.

SPEAKER_02 32:27

No, like no, I I I do know a couple of profitable ones that bro.

SPEAKER_04 32:32

Uh man, I I still hold a grudge with forex, not traders, but this is the market. I hold the grudge. I still hold a little bit of a grudge. No, that makes perfect sense. Because you're a human being, like and I was a teenager at the time.

SPEAKER_02 32:48

Oh, so that that money goes way for. Oh my gosh.

SPEAKER_04 32:52

Yeah.

SPEAKER_02 32:52

Because money's not the same. Like, if you have like $500 at like $15 versus $500 at $30, those are two different two different things.

SPEAKER_04 32:59

Yeah, okay. I was a teenager, man. I was just playing around with money, bro. And yeah, I definitely I definitely learned a thing or two about how to handle money even now as I'm making money with my career at the moment. I've been learning different strategies on how I can become a better uh person and how to better manage my money so I can keep my team afloat, I can keep the company afloat, I can keep the production afloat, and other other home inquiries afloat as well.

SPEAKER_02 33:34

Can I ask you what's I guess one sentence of advice that you wish you knew sooner, or you wish you may have heard it before, but you wish you took more seriously sooner.

SPEAKER_04 33:47

You don't have to buy it right now. Ah okay.

SPEAKER_02 33:51

Goes back to the thing away. Okay, yeah, okay.

SPEAKER_04 33:54

Yeah, because I used to be the person to solve problems, right? And when I have a problem, I want to solve it right there and then.

SPEAKER_07 33:59

Okay.

SPEAKER_04 33:59

But my dog, you don't have to solve every problem the minute it comes to you. Sometimes it needs a little bit of marination. It needs to sit there for a month or so. You know, because you might solve it and it might hurt you and you can't even move on from that, you know. Let's say you have a you have a debt of like 10 million. You got 20 million right now. And in one month, you might make that into 50.

SPEAKER_07 34:30

Okay.

SPEAKER_04 34:30

But you re you need the amount you have right now. And if you deplete that in any way or form, you might uh compromise getting the 50 million you wanted at the end of the month. So instead of paying that debt at the moment, you can wait it out. You could wait it out, and then at the end of the month, you get 50 million, you pay the 10 million, you got 40. Instead of paying the 10 million when you had 20, and now you don't have the 50 million, you have maybe like 30. Maybe. You get me? Does that make sense to you?

SPEAKER_02 35:03

I understand the point you're making. Yes. Although I just hope that people don't misunderstand. Because like debt is oh gosh, I have I have a bit of a war with debt.

SPEAKER_04 35:14

I hate debt. But I personally right now I don't have any debts.

SPEAKER_02 35:18

Wonderful.

SPEAKER_04 35:19

Yes, I hate debts because even my family knows this. Sean Hapendi Mikopo. Sean fucking hates this shit. They know this. And whenever they told me, oh Sean, I'm like, don't involve me. They know that. But I was just giving debt as an example because it's it's one something uh related, relatable to a lot of people. You know what I mean? But I could I was just trying to find a like a common ground. As an example. I hear you.

SPEAKER_02 35:50

I hear you. Yeah, because like um when we come to unpacking debt, I realize that some people are emotionally attached to debt. Like they have a they think that life is not going well until they have debt in some weird or twisted way. Nah, can't be people like that. I'm telling you. I'm telling you, because um they enjoy having debts. So the debt is essentially like spending tomorrow's money today. Okay. So rather than saying, like, let me wait until tomorrow when I have the money, you're like, no, I want tomorrow's money today, so I borrow it from someone else.

SPEAKER_04 36:38

Oh, yeah.

SPEAKER_02 36:38

Okay.

SPEAKER_04 36:39

Yeah.

SPEAKER_02 36:39

That's essentially what that is. And then tomorrow you'll pay them back, is what they hopefully.

SPEAKER_04 36:44

And and tomorrow money might not come, you know.

SPEAKER_02 36:46

And or it might come and you might spend it again to something else, and now you're in debt. It's crazy. And some people, um, I don't want to like okay. Some people in a certain profession, let's phrase it that way. Um, there's certain people who work in a certain industry in a certain profession, whereby in that workplace, again, because I don't want to call out people. I know it's gonna be crazy in the comments if I actually mention who these people are and whatever, but like they have, I have a friend um who contacted me and said, like, hey, everyone where I work is taking out loans, taking out loans, and is telling me to go take loans. And then they asked me, like, Victor, uh, I don't know, what do you think about this? And I told them that um, yeah, the industry that you work in, it's very common for people to do that. And in many cases, it's not like they're borrowing that money to go do something useful. Like there's even statistics on that there that people who take out a large majority of row of loans are going to go and basically spend and eat that money. It's not in putting into business that pays it back. Um, so there's some people who are emotionally attached to that, other people who just don't have the ability to wait until tomorrow to get tomorrow's money. So they just borrow and get it. And there's also um there's some people who have debts, but there's like, okay, I could pay this off now, kind of touching to your example, which is kind of like why I had to say something there, because I had like a recent conversation with someone. Like they they they say, yes, I could pay this off now, but this money I could go do something else with it. Yeah. And if you're a business person, in a sense that you know how to turn 10 into 30. So if you've borrowed 10, you're gonna get 30 out of it and then pay that back. Yeah, do what you need to do. Okay, by all means. But the problem is that not as many people think they're that person as they actually are. A lot of people are in delusion about oh, I'm the guy, I can just borrow money and I'll pay it back. Yeah, so they wind up getting into crazy debt scenarios. I get some people in my DMs who are like, hey, this is my situation. I have this amount of debt, this amount of this, this, this, this, and you ask them, like, what's your income? And the debt that they have and the income that they have is like ridiculously like, how do you get into this much debt with what you make? You know, your debt's up here and your income's like here. So, how did you convince someone to cover this gap? I don't know. Yeah, so uh I have a friend I recommend and send them to. Him, he deals, he specializes in helping people with debt and whatever, but debt in general, you're just gonna be way better if you avoid it, even if debt would speed you up in many cases. Loans, you mean? Like loans, yes, loans or debt. And of course, it's the taking debt when you say or taking loans when you say that, but like there's also giving loans to people.

SPEAKER_04 39:42

I can see what you're saying.

SPEAKER_02 39:43

Do you uh well I don't know, I guess. Do you do you have a habit of lending people money if they ask you for it?

SPEAKER_04 39:49

Yeah, if uh if uh you're really close to me, yes.

SPEAKER_02 39:52

Oh, okay.

SPEAKER_04 39:53

So it depends on yeah, and it's some some people uh I can trust they'll pay me back. Some people just like, oh, I'll just give it to you because I I can I can handle just giving you this money in my return. I don't like loaning people actually. It's one of my things I'm really sensitive about giving people money. If I give it to you, it's either I know you're gonna pay me back or I'm just giving it to you. It's a gift. I'm like, here, just have it. And sometimes sometimes if a friend of mine, like and then the thing is whenever somebody asks for m for money, I actually know their situation.

SPEAKER_05 40:28

Oh, okay.

SPEAKER_04 40:29

You know, they they tell me a little bit about the situation, and I know, okay, I I'm just gonna be supporting you, or I understand you can pay me back. Yeah. And uh I'm a little bit biased when it comes to gender as well.

SPEAKER_02 40:43

Which direction?

SPEAKER_04 40:44

In the sense, if a woman asked me for money, I probably wouldn't I I would probably wouldn't ask for it back. But if a dude asks me for mum for money, and I depends on which dude though. Okay, some people pay me back, some don't. But with most women in my life, yeah, it's usually a gift.

SPEAKER_02 41:05

Why do they get that extra grace from you?

SPEAKER_04 41:09

Because if you're a woman in my life, that means you're special a little bit to me.

SPEAKER_06 41:13

Yeah.

SPEAKER_02 41:14

But the men in your life are not special in any way. Don't even go there. Don't even go there.

SPEAKER_04 41:20

You know what I mean. What are you talking about? Why are you trying to deep it like that?

SPEAKER_02 41:24

I know. I was just I was just trying to figure out like the rules around it.

SPEAKER_04 41:28

We're men.

SPEAKER_05 41:29

So we gotta figure it out.

SPEAKER_04 41:30

Yeah, we gotta figure it out. We're men. Shouldn't um as a man, like why are you trying to sit there and be like, yo, Sean, let me get this and as a gift, bro. Now we're not there yet. I'm not saying I won't do that. I'm saying some of my homeboys, I can do that for sure. But if it's just somebody we started talking and you see I'm in a good financial place and you feel like you want to loan me, I would I'll probably say no. But if we're really a little bit friends and I know you can't pay me back, I might do it. And you have to give me an interval. And if you fuck it up, and if you pay me, you'll never get a loan from me again.

SPEAKER_02 42:09

If they don't pay you, I mean. I mean, if you delay and then you pay me, you're done. Oh. So if they miss the if they miss the okay, I'll pay you back by next week, but they pay you two weeks from now, it's like you get you get no more, you get no more help from Credit is gone.

SPEAKER_04 42:27

Your credit is gone. Yeah. But I have a soft spots, uh soft spots for women, bro. I can't, I can I'm not gonna lie.

SPEAKER_02 42:34

I mean, I do I do appreciate that you have some rules and structure around it. I appreciate that. Because some people have this thing where they they would burn themselves to keep someone else warm.

SPEAKER_04 42:55

Yeah. So I used to be like that as well.

SPEAKER_02 42:58

Oh.

SPEAKER_04 42:58

I've I've I've I've just like you with stinginess.

SPEAKER_02 43:03

Uh-huh.

SPEAKER_04 43:03

Oh, yeah, me with generousness.

SPEAKER_02 43:05

Oh, you're working to rain it back.

SPEAKER_04 43:07

Yeah, like turn it down. You see, I'm I'm I've seen even my system is kind of flawed. I'm favoring women, but I'm working on it.

SPEAKER_02 43:15

No, I mean, I just want I was just curious about why. Because um one of one of one habit I wish more people had, like in regards to the finances, just holding up a mirror to their actions and understand like why did I do this? You know, so um there's various useful questions that you can ask yourself. Yeah, like one of my favorite ones is like um if nobody ever could ever see or know that I bought or put money on this thing, would I still buy it, or would I still want to buy it as much? That's one. And then depending on whether or not you have bad habits, you might ask it the opposite. Way where if, like, if everybody knew or saw what I was gonna spend this amount of money on, would I be comfortable with that? Okay. So usually one of those two questions, um, you'll find that in many cases that you know what it's not that I want it because I want it, it's that I want it because I want other people to see that I that I have it. And that can wind up saving you a ton of money in the long run. But I do appreciate that you have like a little bit of structure and rules around your giving, yeah, your generosity.

SPEAKER_04 44:36

Yeah, it's uh I come a long way, bro. And sometimes like I used to burn myself to keep other people warm, just like you said. And I realize uh you can be selfish sometimes. It's okay. It's totally okay to put yourself first, it's totally okay to say no, even if you do have it. Sometimes you just have to be selfish. It's not personal, it's just business, you know. What do you what do you think most people um a common mistake people make when it when it comes to like invest investment?

SPEAKER_02 45:13

No, it's just that whole thing of like not doing what you're doing because you can want it too quickly. I think we kind of like covered that with the whole not wanting to wait for certain results, also applies to like financial success and so on. Not just necessarily having the stuff, but having the money to buy stuff. But it's just like not knowing what you're doing. And another one that's kind of a little more subtle than that is like not knowing the game you're actually playing.

SPEAKER_04 45:46

Lack of information.

SPEAKER_02 45:48

Like lack of information, honestly, in this day and age is less of an excuse. Whoa. It's less of an excuse.

SPEAKER_04 45:55

Yes, because you can have the information but still know how to pay the game.

SPEAKER_02 45:59

Uh yes, because okay. Give an example. Um, you hear people are making like stock market here has been making waves over the last kind of like four-ish months, and that's because a lot of companies are doing very well. Okay. Uh stocks are doing very well, and I I I corrected myself there because I'm gonna explain why. It's that you can have a stock go way up, but the company be absolutely horrible.

SPEAKER_04 46:29

Oh, okay.

SPEAKER_02 46:29

I'll give you an example. I'm not gonna name companies here, but they're last year the second best performer in terms of like rising price, I think it was like 242% increase in price for this particular company. Um, I saw that and I'm like, why is everybody putting money into this? What does this company exactly do? And then I looked at the financial statements for the company, and I realized that this company had made over 30 billion shillings in losses uh for quite some time because it's what's called accumulated losses. So, this is the money that this is the total amount of money they've been losing over a significant period of time. And when I saw that, I understood what game people are playing. My game that I'm playing is that I want to own good companies for a very long time. Okay, which is more like the Warren Buffett type of style game or whatever. But the game that people were buying into this, they were buying, oh, let me buy in because the price is going up and I can sell it to someone else.

SPEAKER_04 47:43

Yeah, a lot of people go into it like that.

SPEAKER_02 47:45

Yeah, so it's more of a trading type of thing. So if you uh and the thing about traders is like, for example, in your case of like for Forex, every trade that you lost, there's someone on the other side who made money.

SPEAKER_06 48:00

Yeah, right. Yeah.

SPEAKER_02 48:01

So if you go in playing that game, you have to make sure you're the guy on the other side. True, true that. And being the guy on the other side usually requires a lot of smarts and a lot of um some luck, sure, but like a lot of smarts and deep knowledge in what you're doing. So you have this case of people jumping into the stock market, not knowing the game that they're playing, or they're playing against like you're you're you're learning the rule the game of golf and you're going up against Tiger Woods, like yeah, you're gonna lose. Yeah. So it's about not knowing the game that they're playing, or maybe choosing the wrong games to play.

SPEAKER_04 48:43

How long you've been coaching for?

SPEAKER_02 48:46

Um, officially or unofficially?

SPEAKER_04 48:49

Call it, let's say in general.

SPEAKER_02 48:51

In general. Uh, I've been, I'm the guy who when I learn something new and interesting, I tell a lot of people. So a lot of people in my social circle have been hearing me bug them about investing and saving and being smart with their money for close to like three years, if not four years now. Yeah. Okay. But in terms of like doing it online and bullying people to be smarter with their money on the internet, that has been uh I started like uh July last year.

SPEAKER_05 49:26

Oh.

SPEAKER_02 49:26

So not very long. Not very long. Uh, when it comes to doing this to people who are not my friends. Okay, my friends kind of hate me for it. And good, cuz I'm trying, I have this thing whereby I want rich friends. Ah I want rich friends. Who doesn't though? No, I who doesn't though. I can be a bit mean about this. Okay, I'm saying this half joking, half serious, but my friends are lucky comba. I don't really get along and hang around the IST kids very well.

SPEAKER_04 50:00

What do you mean IST kids? You trying to what? Yeah, what happened to the IST kids, bro?

SPEAKER_02 50:05

Have you seen Tuition for that school, dude?

SPEAKER_04 50:08

No, I don't know.

SPEAKER_02 50:10

It made national freaking newspaper headlines. Uh they had, I think it was like what, three years ago, they announced that the tuition for that is like 70 something million a year. A year. And now if you have the kind of funds to send someone to that school, you kind of at a certain level financially. And I'm like, and the people of that level, they tend to be more financially saving, financially aware just because of the 77 million, 72, but anyway, big number, okay? Yeah, okay. You can split the five million difference. Yeah, but yeah, so I tell them I don't get along with those kids. You guys are all I got, so I might as well make you guys rich.

SPEAKER_04 50:51

Yeah.

SPEAKER_02 50:52

Damn. Is what I tell them about.

SPEAKER_04 50:54

What's the what's the biggest lesson like coaching has startup?

SPEAKER_02 51:04

If you are under the age of let's say 35, yeah, and you are watching something like this, meaning that one, you have smartphone and internet connection, meaning that two, you probably have a very good grasp of the English language. Okay, you might not be great at speaking it, but you can hear it and understand it. Yeah. And number three, you have an interest in this sort of thing. You are easily in the luckiest financial situation you can be in. Because I have so many people who are reaching out in their 40s, in their 50s, in their 60s, and every single one is like, I wish I knew this when I was younger. So and the power of youth, like this this is like an example I've seen people throw around, like, for example, for how powerful it would be the young. Like, if you Warren Buffett is like what, 99, I think, or 94. I keep forgetting him and I think he's 94, and then Charlie Munger is 99 and he passed away. But he's 94. And if you went up to Warren Buffett and you offered him a deal, like, hey, I want every single penny that you've got, except for $1 million that you can keep for yourself. And in exchange, I'm going to make you 50 years younger, he would probably take that deal in a heartbeat. Why? Because when you have the advantage of youth, you have the advantage of time, you have the advantage of energy, and depending on how young you are, you have the advantage of very having very few responsibilities.

SPEAKER_07 52:50

Yeah.

SPEAKER_02 52:51

So when this information comes at a time like that in your life, where you're single, in many cases, single, at least in the sense that you don't have a spouse and kids. Um, you have your parents are probably young enough that they don't need, they're probably still working themselves and supporting themselves. Uh fortunately, maybe your other siblings and so on kind of like can uh can be managed by your parents or maybe an only child or whatever the case. You have very few people who are depending on you, financially speaking. So when you combine that opportunity, when you combine the chance to make a good income with the opportunities that are available on the internet, okay, and this time right now where information about this stuff is everywhere and you can buy into things for very, very like small amounts of money. Um you have such a huge financial opportunity ahead of you that I wish more people really, really, really understood. And so if you're under 35, please don't don't waste that. You have a gift that billionaires would literally pay almost all their money for just to get. So yeah.

SPEAKER_03 54:04

Sometimes. Sometimes how do you manage it?

SPEAKER_04 54:08

Like, how do you battle greed?

SPEAKER_02 54:11

By being paranoid. Okay, okay, let me let me unpack that a little bit. Like, um, I've had this, like I said, I'm I'm stingy and working on it. And this thing of like not having much. So when I get into a situation whereby like things are going very, very well financially, I save and invest a ton of my money. Like if I had to give it a percentage, usually around 50 to 60%.

SPEAKER_04 54:38

Okay.

SPEAKER_02 54:39

Um, aiming for like 80 to 85% of my income to kind of like save and put aside. That means like denying myself a whole lot of things.

SPEAKER_04 54:47

That's not you're aiming 85%, 80 to 85% of your money to saving.

SPEAKER_02 54:53

To save and invest, yes.

SPEAKER_04 54:55

Save and invest.

SPEAKER_02 54:56

The reason being is that um when you understand that life will throw unexpected things your way, and unexpected things your way, I've one of the things I've realized, no one is too big to fall.

SPEAKER_04 55:11

No one is too big to fall.

SPEAKER_02 55:12

No one is too big to fall. Okay. So no matter how well off you're doing, yeah, there are you could say your three decisions. It could be your own decision, it could be someone else's decision. You're probably three decisions from going back to Brooke.

SPEAKER_04 55:30

That's a tough sponsor.

SPEAKER_02 55:32

Like it's it's it's true because there's stories out there of people who like I I have um among my friends uh uh that we we had like a get together and kind of just spoke about like financial traumas and so on, and then one person out of the group of like what 11, 11 or 14 people, three people um stood up and said that either them, their parents, or they've seen someone else's parents, like a relative's their uncles or aunts or whatever, yeah, go from this situation by they were doing so well financially, and then something happened, whether it's in the politics, whether it's in the economy, whether it's whatever, and they never financially recovered from that.

SPEAKER_06 56:11

Yeah.

SPEAKER_02 56:11

And the funny thing is, is that there's actual, I found out recently, like there's research outside of the country, but when it comes to money, we're all there, there's there's there's no black, white, or Chinese money's money, right? So they found out that in general, high earners who lose their incomes don't tend to recover.

unknown 56:30

Damn.

SPEAKER_02 56:32

So when you hear stats like that, and you are a paranoid person and you realize that you have a good opportunity in front of you, such that whatever money you get, it's not about, oh, let me go spend it here, let me go put it there, let me go like get like get it out of your pockets. You want to keep as much as possible. So that kind of helps limit greed quite a bit.

SPEAKER_10 56:52

Damn.

SPEAKER_02 56:53

Be paranoid, understand that nothing would last forever. True, nobody is too big to fall.

SPEAKER_04 57:02

Absolutely.

SPEAKER_02 57:03

So, and when I say nobody, there's people who are smarter, who are hardworking, who are luckier, and they still fail. And that's that's super true for like me and the people in my life that I've seen. Yeah. So, oh yeah all right. I think we talked.

SPEAKER_01 57:18

We talked about it.

SPEAKER_02 57:20

Right, okay, okay. I don't know if you had a like, but okay. Um so when you have that, that really tones down the greed side of things. And you become you become greedy not in a sense of getting more, you become greedy in the sense of keeping what you have.

SPEAKER_04 57:35

You gotta cherish what you have.

SPEAKER_02 57:36

Of course.

SPEAKER_04 57:37

People usually forget what they what they're worth until you lose your worth.

SPEAKER_02 57:41

Yeah. And it's it's it's oof, it's it's very painful. It's very painful.

SPEAKER_04 57:51

What you said earlier about usually when people uh who are at a really good financial state, when they lose their money, they tend not to recover. That's a statistic, right? Is it that your mind is already fucked up? Or is it just what's what what causes that?

SPEAKER_02 58:13

From your perspective. Okay, so when you become very good at making money, yeah. You are usually very good at making money under certain circumstances. I'll give you a very simple example. Um you might have, and this is something like a lot of events people will relate to. You can be very good at events, like wonderful in terms of whether it's decorating, whether that's venues, whether it's whatever, you can be like at top of your game. But then a little thing called COVID-19 comes around. Yeah, yeah, yeah. And there's lockdowns across the entire country. Now, if you're not someone who because if you're used to getting it a lot, you get it how you spend it. Yeah, you you you know, you spend it how you get it, but then something happens, everything's locked down. You have a lot of money, sure, but you're used to the money leaving as fast as it comes in. So when the money stops coming in and you still got the same things going out, you still got the same employees, you still got the same expenses, you still got the same like kind of lifestyle you want to maintain. Sure, you can't go outside, but a lot of stuff that um you still have ongoing costs for.

SPEAKER_04 59:29

Oh, yeah, for sure, for sure.

SPEAKER_02 59:31

And a lot of businesses in that point suffered, and I'm pretty sure there's a couple that never recovered because I even remember there are lots of foreclosed homes, which in the case of the the bank is selling someone's home because they couldn't make the loan back. And if someone comes and buys that house, do you think you're gonna be able to make enough to buy back from them? Probably not. So this whole thing of um when you do have a good income, keep your keep your I like the the rule of thumb, like the one little snippet to kind of like sum this up, is like keep your lifestyle two or three steps behind your income.

SPEAKER_04 1:00:12

Okay. True.

SPEAKER_02 1:00:13

And then you kind of sort that out. Because once you invest and put that stuff working, you can replace um human capital. Because oh gosh, I I like to have this exercise where I tell people to do some math about figuring out how much it costs to replace their salary, their income, their monthly spend. And human capital is very expensive. Like chances are for every one million shillings a month comes up to one million times that is twelve. Twelve divided by Yeah, so the human capital to make one million shillings a month is about around half a billion shillings. So that's how much money it takes working to replace or match a salary of like one million shillings per month. So if you have a situation where you're making very, very good money, save, keep your lifestyle humble, put a ton of that money away, and then once you have that like half a billion or whatever invested, replacing that income, you're you're you're you're you're good to go, basically.

SPEAKER_04 1:01:23

Do you feel like the fear of losing money is healthy or destructive?

SPEAKER_02 1:01:29

Depends on where you're at.

SPEAKER_04 1:01:31

In your life, right?

SPEAKER_02 1:01:32

Because fear of losing money is helpful when it comes to building up the capital. But once you've already built up your billions of shillings or a couple millions of dollars or whatever. You still do because you got to that amount of money by having the identity of I am a saver, I am trying to get away from poverty. But then once you're already there, your challenge is then learning how to enjoy your money. If you're that kind of person. A lot of people don't have a challenge learning how to enjoy their money. They're already very good at that. They have to learn how to cut it back and hold it back.

SPEAKER_07 1:02:14

Yeah.

SPEAKER_02 1:02:15

But things change depending on the stages of your life. Like as you go through, as you get older, as you go through life, your your priorities naturally should change. I'd be very worried if someone who has been in a certain kind of mode is still in that same same mode about 10 or 15 years later. And we can we can kind of go into like what your priorities every decade should be.

SPEAKER_04 1:02:38

Speaking of life, do you feel like you're a spiritual person?

SPEAKER_02 1:02:44

I am not spiritual, I am not religious.

SPEAKER_04 1:02:48

Does it do you think like spirituality and religion might affect your money?

SPEAKER_02 1:02:55

It can be exploited. Elaborate. Uh I think it's basically a meme at this point about like how mega churches yeah, yeah. And then um there's that, and then like you can see a lot of that similar vibe as well in like Nigerian, notably like Nigerian kind of thing. I don't know how prevalent it is here, but because some of these people are just seeing an opportunity to misuse the gospel, because I'm not gonna, I'm not gonna think that's what the actual scripture says, but like probably they're misusing it.

SPEAKER_07 1:03:34

Yeah.

SPEAKER_02 1:03:34

And when you're someone who takes something to heart, you've been raised in a Christian household, you've been, well, I can't speak for Islam, I don't think they have this particular challenge, but you've been you've been growing up in a Christian household, you've been taken to church every single day, your parents are kind of like pray together and all sorts of stuff. So it's very, very deep in you. And someone comes along and says, Oh, for you to um go to heaven, for you to prosper, for you to have heaven's riches here on earth, you need to basically donate a ton of money to the church. Uh it can be exploited. Although I do because there's a couple of like financial educators I listen to speak about money in a in a Christian perspective, in a Jewish perspective as well. And in regards to those two specific um religions, there's a lot of good uh thoughts and input there. And it also talks about certain realities that are just like human beings. We don't human beings, society changes, technology changes, but human beings are still human beings.

SPEAKER_06 1:04:40

Yeah.

SPEAKER_02 1:04:41

You know, so a lot of stuff that's in there is still kind of like relevant to today, and even some kind of like economic concepts borrow their names from things that happened in the Bible.

SPEAKER_04 1:04:51

So you don't believe in any kind of higher power type?

SPEAKER_02 1:04:54

Um, no, I believe that we're here. So you're an atheist. That's the word, I suppose, yes.

SPEAKER_04 1:05:03

You don't like it?

SPEAKER_02 1:05:04

No, it's people hear that and get like, oh god. First of all, the first thing is confusion. It's like, what? You don't be any and then when they actually understand and process what you're saying, it's like you become like the antichrist in a way. I'm like, I'm like, no, I I I I I just don't have the same beliefs as you. That doesn't necessarily mean you're evil. That doesn't make you evil, that doesn't make me evil, that doesn't necessarily mean that any of us is right or wrong, right? Because people think that, oh, you're an atheist, and they take that as an attack on their beliefs.

SPEAKER_10 1:05:40

No, like believe believe what you want.

SPEAKER_02 1:05:42

I don't I don't care either way, and that kind of like extends to other things. Like, I don't judge people. And some people are gonna take this when I say I don't judge people, I'm going somewhere with this. When I say I don't judge people, I mean it in the sense I don't judge where you're at financially. I Judge what you are socially. I don't judge if you're gay, if you're straight, if you're if you're if you're homosexual, if you're like all I don't judge none of that, but there's some religious people who I don't have religion automatically, I'm like an enemy, or someone else I hate that is is isn't is is is is not straight or whatever, they're automatically an enemy. I'm like, wait, who's being taught to not judge exactly? Yeah, exactly. So it's anyway, it's yeah, I expect a lot of comments on this one.

SPEAKER_04 1:06:31

No, you'd be surprised how like some Christians, in my experience, or like even Muslims, that tell you that oh, you're in the wrong or you're doing this wrong, you you might not go to heaven. People would come to you and tell you that. Or just because you pray more than me doesn't make you like guaranteed to go to heaven.

SPEAKER_02 1:06:51

Like, I'm my stance, I don't know what happens after this. Me too. So I'm I'm more focused on now on who am I here in today?

SPEAKER_04 1:07:03

What got you not to believe in to in religion though, for real?

SPEAKER_02 1:07:07

Uh when I was younger, a friend of mine lost their parent from a terminal illness. And I was like, why would if there is a higher power, okay, and this higher power is supposed to be kind and loving to us, why would this higher power permit this specific person that I saw lose a parent in a very very painful, long and drawn out way? So I was like it it set a whole journey and so on, and like kind of like the conclusion that I personally came to that was that we're all here, we don't know how or why we're here. I mean, science is kind of like filling in some gaps or whatever, but we haven't science doesn't claim to know everything. Um so all we got is what we got here. And some of it's good, some of it's bad, some of it's like a freaking nightmare. Because you know, you can like how can you tell someone who is growing up in like, for example, for a war-tour region that uh this higher power loves you? And they basically like a five, six, seven-year-old child at their house got bombed and their parents died, and they're roaming on the streets hungry and homeless, and you're like, this person, this, this, this higher power that's in control of everything, like loves you. And if they look alar look like what definition of love does that teach that person, you know. So I'm like, you know what? You guys, you can believe in what you believe in. I'm just saying, if you want to know why that person's in that situation, it's just because a couple messed up people made a decision, and it's not necessarily that they're gonna suffer consequences for it because um bad people get away with good with doing things all the time. Yeah, and that's just because there's no universe police to kind of catch, and that's just because what we got is what we got, and some of it's good, some of it's bad.

SPEAKER_04 1:09:22

You know, uh, when it comes to religion and spirituality, I feel like I keep I I always say this on the pod, and I always tell people that just do you at the end of the day. You know what Victor believes, what I believe, or what you even believe, doesn't need to affect everybody around you. It needs to affect, it needs to affect you. If you try to affect people with what you believe in, and try to like in uh to like like jab it down their throat that you're right in what you believe in, you you're the one who's going against what you believe in. Because I don't believe the Bible teaches somebody to like jab that through their throat.

unknown 1:10:03

Uh-huh.

SPEAKER_04 1:10:04

That this is your savior, or this is what, this is what. I don't know about Muslims in that sense, or what the Quran says. But I can say I'm I'm a I'm like like active religious. I'm just like I believe in God. I believe in the higher power. I feel like it's a it's a baseline I'm willing to accept. And I was raised in a Christian household. I don't know any better. Do I like questioning stuff sometimes? Yeah, but to question stuff, you need to have time to question. Questioning if there's a higher power or not is tough. Do you have the time and money to do research to uh to prove yourself wrong or to prove that what you're saying is right. And personally, I don't have the time and I don't have the leverage of doing all that. So I don't know if I'm saying I'm lazy, but I feel like I'm saying I just wanna keep doing what I've been doing since I was a kid. And I I want to believe in God because it gives me a sense of peace. I like believing in God because I feel like it's having a fear of God is helpful even in raising kids for them not to sin or do all that stuff. If you have kids who don't you are who are raised up not believing in God, bro, they're active in being stubborn, bro. They don't have that moral compass. I'm not saying all of them are like that. No, I'm just saying it's harder to raise kids in the sense without the presence of or having that mentality of God, heaven and hell type vibe. It's usually tough.

SPEAKER_02 1:11:51

I mean, I'm not a parent, so I can't speak on that. Yeah, yeah.

SPEAKER_04 1:11:54

Oh, yeah, I've just I've just come across a couple people who have not been raised in a Christian household or not been raised in a Muslim religion. So you'd see them having more like no moral compass. They'll just they'll say anything. And in this world of today, we live in societies, right? You can't be just saying anything. You know, come on. You're not in I don't know about everybody else wherever you are in the world, but if you live in Tanzania, we're we we move in community base. So you I'm not saying don't care what people say about you. I'm just saying just just watch, watch your mouth. Or what watch how you live, watch what you say. Because you don't live alone here. It's not like you can live like you get what I'm saying?

SPEAKER_02 1:12:53

Yeah, yeah, yeah. Like you're you're surrounded by other people and it has to to some degree affect how you move because it's a sad moment you never know who you're gonna need at the end of the day.

SPEAKER_04 1:13:03

So you go out bashing everybody, cursing everybody out, or just disrespecting everybody. Believe what you you believe, respect people, move accordingly. Don't be dumb. You get me? Yeah. It's just that's true, that's what I believe in. So, in the sense, I don't go to church a lot. But I do like helping. I do like um donating to places I want to donate. I do like supporting people I love, you know, go about that life that way. I just believe being a good person takes you a long way. Which in in that in that sense, uh you might disagree, but uh good varies to how you were raised. Some people believe killing is good out there in the Amazon jungle. You know what I mean? So basing on how you were raised, just analyze what's good to you or not. I'm not saying everything I do is good, everything you do is good.

unknown 1:14:02

No.

SPEAKER_04 1:14:03

We're not perfect, but I I just feel like we should just move accordingly. That's it.

SPEAKER_02 1:14:10

What caused that switch from because it seems like you maybe uh correct me if I'm wrong, but it sounds like you went from being religious in the full sense to be more spiritual in the being a spiritual Christian person, if that makes sense. So how do you what that what caused that switch from being religious to being this?

SPEAKER_04 1:14:34

Well, basically what happened is the church, my the church I was praying to basically was uh was getting controversial. The things weren't making sense. The toxic mindset they were building to the worshipers. And to me, it was like, okay, why are you telling me I'm gonna make money and I'm not making money? Why are you telling me to give you all my money and I'm not making nothing? Why are you telling me, oh, this year is gonna be different, or that year is gonna be different, and I'm still not doing anything. I'm not saying if you say that it has to happen, but don't make it like don't make me commit to just coming to church without me working. Because in some churches, they would make you just commit to the church rather than commit to your grind. You get me? And that when when and when that happens, it makes you want to just give everything you have to the church. Go spend your time at the church. And yeah. So when when when I started noticing that, and some of my brothers as well were diverging from the church, and I was like, what are you doing? I was like, bro, think. Think look at what is happening. Do you feel like you want to have this mindset right now? So yeah, the I feel I call it toxic hope. You're feeding me toxic hope, and I'm not saying some people don't need it, some people do need that, but it wasn't for me. So I took myself out of the equation rather than trying to take everybody with me. No, I just took myself out.

SPEAKER_02 1:16:24

Oh, we made that like a personal choice rather than a mission for everybody else.

SPEAKER_04 1:16:28

Yeah, I made the personal decision to just think about myself and what mindset I need to have to move on. So ever since I did that, bro, I've been at peace. I've been the happiest, I can say. I'm not troubled by guilt of not going to church. Because as a Christian, you'd get that guilt, bro, if you don't meet you miss a Sunday. Oh my God, I didn't go to church. You start feeling like you're about to burn, bro. I don't have that no more. And it's such a good feeling not to just not feel that guilt. And you know, I'm just chilled. I I do what I need to do, I show up where I need to show up, and just living life and being grateful. You know, thanking God, and I do pray. You know, I do pray in my own way. So yeah, I think that's in a nutshell can explain my transition.

SPEAKER_02 1:17:27

And out of curiosity, is there anything that would cause you to go back?

SPEAKER_04 1:17:35

Uh meeting the love of my life. Oh. It might change. It might change. So, okay.

SPEAKER_02 1:17:45

Follow-up question.

SPEAKER_04 1:17:46

Yeah.

SPEAKER_02 1:17:47

If the love of your life is a Muslim person, would you convert?

SPEAKER_04 1:17:52

Probably not, because that's gonna bring a lot of drama in the family. And I don't want that.

SPEAKER_02 1:17:57

I mean, you've already gone through religious drama as is, so that's a big drama though.

SPEAKER_04 1:18:03

That's a big drama. I'm I'm not, I don't think I'm ready at the point. I don't know about the future. I might say I might convert to Muslim. I don't know if I would. But at as of now, I don't think I would ever convert. But I'm thinking in the future, if the reason is strong enough, you never know. I'm not saying I might.

SPEAKER_02 1:18:27

I'm not saying so the door is open.

SPEAKER_04 1:18:28

The door is not open, it's slightly, you can peek through. You can like, you know what I mean?

SPEAKER_03 1:18:34

There's something in there.

SPEAKER_04 1:18:36

But it's not open. You can peek through like a like a like a wall, a rat made or some shit. Yeah.

SPEAKER_05 1:18:42

Oh, okay.

SPEAKER_04 1:18:43

Like a hole, I mean.

SPEAKER_05 1:18:44

Okay.

SPEAKER_04 1:18:45

But yeah, I feel like like that's this is why I always tell people, like, in my case, a woman is gonna change me eventually.

SPEAKER_02 1:18:56

You you know that for a fact, and you're waiting for it to happen.

SPEAKER_04 1:18:59

And I'm waiting for it to happen. Because I know I'm gonna be a better, like Sean times 10.

SPEAKER_02 1:19:04

Okay. For sure. I have a question to that. Yeah.

SPEAKER_04 1:19:09

About the love life and shit?

SPEAKER_02 1:19:10

No, no, not necessarily in that direction. But you said like the right person's gonna come by and make you like Sean times 10.

SPEAKER_06 1:19:16

Yeah.

SPEAKER_02 1:19:16

And I do understand the influence that a partner has on someone's life. Absolutely. For sure. Like that's a very strong thing. But then why is it times 10 and rather than not times two or times three?

SPEAKER_04 1:19:34

Because like I feel like you're being in tune with your emotions, man, is necessary in becoming very successful.

SPEAKER_05 1:19:43

Okay.

SPEAKER_04 1:19:43

Have you ever seen uh like a like somebody who's really big with no family? Think about it. They all have somebody in their lab. At some point, maybe they had, or they divorced, or some shit like that. Because you've seen cases where rich people get divorces and stuff like that. It happens. But I'm saying, like, having a woman by your side is completes you. And I believe that, bro. Like, you cannot tell me shit about that. And and why do I believe that? Because I know, I know myself.

SPEAKER_02 1:20:18

No, like my my like let me let me rephrase what I'm talking about. Okay, is it's not the case of like, will this person make you better just by sheer fact of the closeness to them? Yes, in an ideal situation, yeah. Uh, because there's some people who could just pull the toxic side out of you, yeah. But yeah, um, but the thing is, like, why my question is like, why would you put to me what feels like such a big number on it?

SPEAKER_04 1:20:42

Because like terms ten?

SPEAKER_02 1:20:44

Yeah, okay.

SPEAKER_04 1:20:45

Maybe it's times two. I don't know. I I just put them temp because like easy number ten. Oh, okay.

SPEAKER_02 1:20:49

Yeah, it's not that deep. I thought like I didn't need a woman to unlock his potential.

SPEAKER_04 1:20:56

No, no, I don't need a woman to unlock my potential. Okay, I just need the woman to complete me. I feel like I can be a very potential person without a woman in my life. Absolutely. But I'm not I'm just saying it would feel really nice to have one.

SPEAKER_02 1:21:10

Okay. No, I I I I I get you. I get you. I was just kind of like wanting to don't worry, I'm good.

SPEAKER_04 1:21:15

I'm not in a delusional world.

SPEAKER_02 1:21:17

No, no, it's not it's not about being delusional, it's not about being delusion, it's just like trying to unpack and figure out where that is. Because it's not so much like what people think that is like, oh, but you think that way. I'm just curious, like, why? How come? Where does that come from? Like you might, you might best case scenario, it's like, oh wait, you learned something about yourself, or you're like, oh, wait, I thought this was my initial instinct, I would be this much. Um, 10 being like an example number. And then you think about why you think that would make that big of a difference. It would make a difference, sure, but like times 10 versus why not times two or times three. But you've already said it's not that deep, that's fine. Um, I just want to encourage people, like even people who are watching, like if you think or you feel a certain way, don't be so quick to feel like if it's right or wrong. Just ask yourself where does it come from? To tie back in like finances. If you have someone who has a habit of like spending money on some sort of thing, like where does that come from? I can give a personal example. In my case, what I I really enjoy going to, I wouldn't say upscale, but like on the higher side of things in terms of like restaurants. And I know exactly why.

SPEAKER_05 1:22:34

Right.

SPEAKER_02 1:22:34

I can tell you exactly why. It's because I used to work as a photographer, and as a photographer, I did not make much money. Um I just I'm just gonna put the fault on me. I just didn't know make much money. And then it kind of bugged me how I would go to photograph events and photograph people in these nice places that I couldn't afford to go as a guest. I'm always there as staff. I'm not there as a guest. Yeah, and that bugged the heck out of me. And I remember like really one of the first times that that I made, there's a certain um, I'm just gonna say there's a certain Jamaican restaurant that I vividly remember going to do someone's to to take photographs of someone's baby shower. Okay. Okay. And I was just so blown away because I felt like they they booked that it was just them, the entire restaurant. So I'm like, you guys book the entire restaurant for a freaking baby shower, and I was like, wow, I was so impressed by it. And then one day I just decided to go there like later on, like I've already done some of my savings, worked to my income and that sort of stuff, and I went to a restaurant just by myself to sit and have a meal. And I vividly remember that because I realized I went from being behind the camera or staff at these places, and I'm here as a guest.

SPEAKER_04 1:23:59

It's a good feeling.

SPEAKER_02 1:24:00

So that's why I enjoy that because it kind of reminds me of like this is progress, this is where we're moving. Yeah, but yeah, some people have like some kind of spending that in in that case I call that a positive reason. I consider that a positive reason. Yeah, some people have this thing whereby they come from a position of lack. It's like, um, oh, I don't want to go to this place, or I don't want to do this because of XYZ or whatever kind of thing. Like they feel like they're too good for that. Whereas I'm kind of thinking, like, sure, I want to prefer those places, but if you want to go to eat somewhere like more local and friendly, whatever, I'm I'm cooling down for that, you know. Um, so just that thing of like, why? Where is it coming from? You know.

SPEAKER_04 1:24:39

Uh I got a question when it comes to like markets and like stocks and shit. I remember when we talked earlier, you said you used to think like abroad markets used to be the shit. But apparently they're not the shit because they don't favor you when you're here, but local markets are the shit. So explain that again to me and to my lovely audience. And to my nine to five warriors. Because then they be searching about this shit. Okay. Yeah, please explain.

SPEAKER_02 1:25:11

So I made this all started with a social media post.

SPEAKER_03 1:25:16

Okay.

SPEAKER_02 1:25:16

I made. Whereby I was telling people that basically the message of the post is that don't be in such a rush to invest abroad because hey, no, it visoru nyumbani.

SPEAKER_06 1:25:27

Right. Okay.

SPEAKER_02 1:25:28

And the proof that I showed of that was like uh the gains that I made in my portfolio over 2025 versus like the US index of uh that. And the people that reached out from that post, my gosh. Uh I had people from outside of the country calling me and wanting to invest here. We wanted to invest serious sums of money. Like, hey, I got I got like 200,000, 500,000, a million dollars I want to invest in the local thing. Can you help me kind of thing? And to where does that come from? I personally used to invest outside of the country. Okay. Because worked remotely, got paid outside of the country, invested it like right then and there. Because if I'm being paid in like USD, might as well invest in USD markets, is my logic.

SPEAKER_10 1:26:15

Yeah.

SPEAKER_02 1:26:16

Not thinking that, not knowing what was going on over here. Um over here, you have multiple benefits. But let me first start by saying in the US, if you are someone who can find the next NVIDIA, NVIDIA being the company that's at the center of this AI boom and their stock bit like crazy over this last kind of like three, five years, if you can find the next NVIDIA, if you can find the next like Apple, you can find the next Netflix, you can find the next Microsoft or whatever, you are smart enough or lucky enough that what I say doesn't matter. Because in terms of a stock going like 3,000% or 5,000% or whatever crazy number of a number of years, yes, you can get that in the US. I'm not gonna delude people and say you can make that kind of money. You're not gonna make crypto style gains in the Tanzania markets, right? However, the one advantage that you do, well, the many advantages that you do have over here, which people who are kind of putting the money, they don't think about. Number one, taxes are in your favor. Uh US has capital gains taxes, which is taxes on if you buy something for 100 shillings, you sell it for 300, that 200 thing is your profit called capital gains, they tax that in the US. Over here on the public stock markets, it's it's zero. You don't pay no taxes on it. When it comes to dividends in the US, if you are it's counted as income, so there's its own tax rate if you're like a diaspora there, but if you're also like a local Tanzanian investing abroad, um, you are charged a 30% tax on your dividends. And even the dividends themselves, many of these companies, if If a US company pays more than like three or four percent dividend, meaning that if you buy a stock for $100, you can expect a dividend of like three or four dollars. That's usually a red flag because there they're like, why are you giving away so much money rather than putting it back to the business? Yeah. That's one. Two is that that three or four dollars that you get is taxed at 30%. Okay. Whereas over here, you can have a company that has a better dividend yield, whereby for every hundred shillings you put into it, you might be able to get like five, six, seven, ten, eleven, twelve, even fifteen in some cases as a dividend back.

SPEAKER_07 1:28:39

Yeah.

SPEAKER_02 1:28:40

And those dividends, you only charge the five percent tax.

SPEAKER_07 1:28:44

Okay.

SPEAKER_02 1:28:45

So you have that, and you have this number one thing that people like mess up in the US. Again, as I said, if you can find the next NVIDIA, you can find the next Microsoft, you can find the next big company, good on you.

SPEAKER_06 1:28:58

Okay.

SPEAKER_02 1:28:59

But you're trying to find a needle in a haystack. And to be specific, you're trying to find maybe three or five needles in a haystack of like 4,000 plus companies. Okay.

SPEAKER_06 1:29:12

Yeah.

SPEAKER_02 1:29:13

If you can do that, hats off to you. Just know that you're competing from people who are these like Morgan Stanley, JB Morgan, whatever people who have they pay $3,000 a month or $5,000 a month subscriptions just to get data about the market seconds faster than other people. These people are spending, they have, my gosh, there's funds that have like PhD researchers in physics who are taking those brains and try to figure out how to outperform the market. That's your competition over there. So whatever opportunity you can find, chances are someone has already seen it a long time ago, and you're gonna be in the same case, like you were like when when you're doing the the the forex trading, you're on the losing side, someone's on the winning side. Chances are you as an individual investor, especially if you're in Tanzania, even just a regular person in the US who's at diaspora, you're gonna be on the losing side of that. Okay, chances are. Um, whereas over here, we have 28 companies. 4,000 versus 28.

SPEAKER_03 1:30:19

Yeah.

SPEAKER_02 1:30:20

Do you do you see your odds of finding needles in a hashtag of 28 companies versus 4,000? How that is. And then over here, um, again, the gains won't be as great as the next, like NVIDIA, but the gains that you can get from picking here are much higher than you would from the index, which is what people say in the US to buy anyway.

SPEAKER_06 1:30:39

Yeah.

SPEAKER_02 1:30:40

So it's easier to make better picks that perform better here in the country with favorable tax conditions. It's harder to find rarer picks. You'll have a ton of competition in the US because you got these like kids being taken out of like Harvard and being paid like half a million dollar salaries to go and find a 2% advantage over the market.

SPEAKER_01 1:31:02

Oh my gosh.

SPEAKER_02 1:31:03

And and and the taxes are pretty high on what you'd be paying, especially if you're doing this as a non-resident. If you're a US citizen, I don't know what that's like, but I I looked at it from the perspective of that. And then there's also the issue of like price, bro. Like a US stock we have over here, a stock is expensive, it's if it's like 15,000 shillings or 10,000 shillings per share. And then um, like people say that ah, that's crazy expensive. I'm like, that's so cute. Because if you look at the US, Warren Buffett's company, Berkshire Hathaway, the price per share, last I heard, is like $700,000 for one. $700,000 for one. So that one share of that company, two shares that company is more expensive than pretty much almost any house in Masaki, bro. And so if you're thinking like, oh, what we got here is like it's too expensive, it's unaffordable, it's like you guys don't know what the situation is here versus out there to make that decision. So if you're someone who plans to live here, and there's those people who probably right now are typing, oh yeah, but the risk and volatility, bro, Tanzania is not a safe country or whatever. If this is your country and you're gonna call it home and you're gonna be here anyway, might as well profit from it. If you're going to be in the US and you're gonna stay in the US for the rest of your life, invest there.

SPEAKER_04 1:32:34

Is is it that um the bigger the share, the the the the bigger the share cost to buy the share, right? Is it the bigger it is the guarantee you get your money back?

SPEAKER_02 1:32:48

Share price tells you nothing but how bad people want that company. It doesn't tell you if it's a good business, it doesn't tell you it's a bad business, it just tells you how much people are willing to pay for it. And in the same same way that I'm pretty sure many people can relate, you pay a lot of money for something and then it just doesn't live up to the high.

SPEAKER_04 1:33:11

Yeah, yeah, yeah.

SPEAKER_02 1:33:12

So stock market is the same thing.

SPEAKER_04 1:33:14

The thing about when you pace a lot of money for something, it just makes you like, ah, like this is good. A lot of money means it's good, but it might not necessarily be the case, yeah, which is sad.

SPEAKER_02 1:33:29

So the the price tells you nothing, and we're actually in a very strange time right now as we're kind of like recording this whereby there's a certain company where if you know what to look for and you look at the actual value of what you're getting, um a stock that's almost 12,000 shillings is somehow cheaper than a stock that's about 2,500 or so. So price tells you nothing about a company. You gotta know how to look at the books and the numbers to actually figure that stuff out.

SPEAKER_04 1:34:03

What is something you you can say that you would tell like beginners who want to start stocks and shares? What is something they should pay more mind to or focus on?

SPEAKER_02 1:34:17

Um, it's this saying of I think it's like from Warren Buffett, price is what you pay for. He's the wealthiest investor in the freaking world. How would I not reference him? Okay, it's like talking about basketball, not mentioning Michael Jordan, all LeBron. Like, how are you? Yeah, how are you?

SPEAKER_04 1:34:34

Yeah, I see what you're saying.

SPEAKER_02 1:34:36

You know? So it's it's price is what you pay, value is what you get. So learn to look for value in what you're buying. Um, that's a learning curve. It takes some time, it's a process.

SPEAKER_09 1:34:49

So it's kind of one of those things whereby I get so many people like, oh, this guy is a scam, he's wanting to charge you money, he's all this sort of stuff. I'm like, okay, go learn for free.

SPEAKER_04 1:34:58

I learned I went through that learning curve and I spent I spent about like 14 million shillings personally in various different trainings and so on to kind of learn and you spent 14 million to learn over the course of the last like four years or so, yeah. Oh my gosh, bro.

SPEAKER_02 1:35:17

So let me let me let me give the full scope. 14 million shillings in like whether it's paid money or even losses in the markets and so on. There's a whole lot of hours in conversations with people, a lot of my own study, as well as like going over Excel sheets, reports, and documents and all this sort of stuff. And I am always the kind of person where if I see something interesting, I think I can learn from it, I'm still paying. So that 14 million is what I calculated like what last year in I want to say October or something. So it's probably like a little bit higher now. But that's what it took for me to know all this kind of stuff right now. So I can make I can make the decisions that I make and see the returns that I'm getting. So if you're someone who is new and you're seeing, oh, Victor's saying pay 60,000 shillings to community, it's a scam. Blah blah blah. I'm like, okay, go learn on your own and see what price it is.

SPEAKER_04 1:36:08

How can people reach out to you, bro, if they want to learn these things?

SPEAKER_02 1:36:11

Um, social media, Wi-Fi Money T Z spelt as W-I-F-Wi-Fi Money.

SPEAKER_04 1:36:17

What?

SPEAKER_02 1:36:18

Yeah.

SPEAKER_04 1:36:20

I'd actually forgot about it until now. What is that with the name? Wi-Fi Money. What's up with it?

SPEAKER_02 1:36:26

So, like, let me finish spelling and then we'll get back to so Wi-Fi W I F I Money M-O-N-E-Y-T Z, all one word. And that came up because initially my pitch was because okay, I have a bit of a marketing background. And so, as part of marketing, you always want to come up with a name that kind of like implies a benefit or that connects you to the outcome that you want. Okay. That's why you might have a cleaning product and it's named Mr. Clean. You know, so like it it's it says what it does on the thing, and it has like a person to it. So, Wi-Fi money, the idea is that I help people figure out how to work remotely, and with the money that they're making from working remotely, they can invest that into the markets.

SPEAKER_04 1:37:13

Passive income?

SPEAKER_02 1:37:14

Um, no, from active remote work. Okay, okay. Although when I started that page, I chose that name, and the funny thing is that the page picked up before I could change it. You don't like it? No, not that I don't like it. It's just that the original intention behind that name was that you work remotely, you make money, you make money, you invest it. Yeah. So Wi-Fi money. But then I AI kind of like changed remote work and kind of like hit me finally, like late of uh late last year. And then I realized, oh shoot, this whole AI and Chat GPT thing and the state of the US economy and so on is kind of like I can't, if I can't break into it and figure that out, and I've got like four, what, five years of experience, and we're never trying to work remotely online. Someone new, why would I teach someone new to go into and fight that hell hole? You know, fight that hell march. So uh that side of content, I stopped doing it. I still get some people like, hey, can you teach me remote work? I'm like, I send you to someone else who still discusses that and he's managed to figure out AI, I have not. But I'm not gonna teach something that I have not managed myself. Yeah. Okay. So, but then the name kicked off, and it's like, okay, I guess I'm stuck with that now.

SPEAKER_04 1:38:34

Why found money?

SPEAKER_02 1:38:35

Yeah.

SPEAKER_04 1:38:35

Damn. Yeah, I'm gonna put the your details in the description as well. People wanna tap into it. So I want to play a game with you.

SPEAKER_02 1:38:43

Mm-hmm. Let's go.

SPEAKER_04 1:38:44

So this game, the sole purpose of this game is to get to know your TZ side. You know what I mean? So I'm gonna uh give you like uh scenarios, statements, and you tell me what would you do as a Tanzanian?

SPEAKER_02 1:39:00

Like what would do as a Tanzanian, not as Victor, but as a Tanzanian person, right?

SPEAKER_04 1:39:04

Victor, Tanzanian. You're Tanzanian, not you.

SPEAKER_02 1:39:06

Yeah, I'm Tanzanian.

SPEAKER_04 1:39:07

Don't generalize it, I'm talking personal it personalize it to you.

SPEAKER_05 1:39:10

Oh, okay, okay, okay, okay, okay.

SPEAKER_04 1:39:12

Does food taste better when you eat it with your hands or utensil?

SPEAKER_02 1:39:20

Hands, bro.

SPEAKER_04 1:39:21

There's just something about Tanzanian food with hands. Yeah. I did this on my page. You guys should check it out as well. Uh-huh.

SPEAKER_02 1:39:28

Oh, okay. Wait, so you've I've done this.

SPEAKER_04 1:39:31

Now I'm doing it with you.

SPEAKER_05 1:39:34

Okay. Okay. Okay, okay. Uh-huh.

SPEAKER_04 1:39:36

Your go-to TZ slang.

SPEAKER_02 1:39:41

Oh. I don't know if I have one.

SPEAKER_04 1:39:46

You don't have a TZ slang?

SPEAKER_02 1:39:48

No, I'm sorry. Um, I'm a little bit of an uptight person. It's it's a it's a known thing, and people have said about it. And so I'm I speak very little Swahili. Not you exwah in deal. Uh, but I speak very formally. I don't use well, I guess. Oh, okay, okay, okay, I can answer this. Like Sasampa. That's the one. What? Sasampa is new, bro. Yes, and I use it a ton because how do you use the same? Una sasampa because so so it's like basically you got money, you gotta m zingo na pick. I know what the number means by that one.

SPEAKER_04 1:40:30

Look at you and think you say something.

SPEAKER_02 1:40:33

No, it's in my Snapchat usually. Oh. Yeah, yeah, no. So I don't I don't use it regularly. It's it's very, very formal, but okay, yeah.

SPEAKER_04 1:40:42

You go to TZ local snack.

SPEAKER_02 1:40:46

Oh, that changes. For the last about four-ish months, it's been Korosho. Is that Koro?

SPEAKER_04 1:40:53

Korosho, yeah.

SPEAKER_02 1:40:54

Yeah, like yeah, Korocho. There's this one.

SPEAKER_04 1:40:56

Um But is that Tanzania for real?

SPEAKER_02 1:40:59

No, I mean like if you can call Karanga Tanzania, and I guess suppose Koro can also count.

SPEAKER_03 1:41:06

Okay, maybe.

SPEAKER_02 1:41:07

I mean, maybe call like a little bit more expensive version.

SPEAKER_03 1:41:11

Okay. Uh maybe.

SPEAKER_02 1:41:13

But um something else. Kalmati. Would that count?

SPEAKER_04 1:41:19

Yeah, I don't know. I've never had that one.

SPEAKER_02 1:41:22

You never heard it? How does it? Well, it's kind of like I don't know how they make it, but it's kind of like an Andazi kind of type thing.

unknown 1:41:28

Karamati.

SPEAKER_04 1:41:28

Does it have meat?

SPEAKER_02 1:41:29

No.

unknown 1:41:30

Karamati.

SPEAKER_04 1:41:32

Is it sweet? We'll get you one. No, I don't I know the name. The name is familiar though. Karamati. Give me the details of it.

SPEAKER_02 1:41:42

No, that's me how they make it. But it's basically basically like um like an andasi. Like an andasi, like a softer, fluffier a little bit. Sprinkles around it. No, no, no. No, no. It's you because you know mandazi are like shaped. This one's like more like you have a thing and you just pour it into the I don't know. I'm guessing. I don't know how it's made. But we can we can figure that out later.

SPEAKER_04 1:42:04

Yeah, later on. Karamati. Okay, sounds familiar though, for real. Okay. What sounds what sound instantly takes you back to your childhood in TZ.

SPEAKER_02 1:42:22

I guess you could say the sound of a car honking on a gate.

SPEAKER_04 1:42:27

Your dad is home.

SPEAKER_02 1:42:28

Yeah. And that always, that always was a stressful time because like you're not supposed to be watching TV.

SPEAKER_04 1:42:37

For me, it's when you my dad walk starts, like let's say we used to play in the neighborhood, right? And then you see the car coming in. Then you start running. Hopefully, he didn't see you. Oh shit, it's dad! You run home, bro. Because like, I know my dad is coming home and you're not home. Yeah, that's just that's so Tanzania for real. Whoa.

SPEAKER_02 1:42:59

Like to this day, man.

SPEAKER_04 1:43:01

I feel like everybody feared their dad growing up.

SPEAKER_02 1:43:03

Uh in Tanzanian households, yes. Yes, in Tanzanian households. Yeah, copper punishment. Yeah.

SPEAKER_04 1:43:10

Do you think people shouldn't like normalize that?

SPEAKER_02 1:43:13

It depends on the child. Because I have a nephew who's being raised without it.

SPEAKER_08 1:43:20

Oh.

SPEAKER_02 1:43:21

He's been, yeah, his parents intentionally decided to like not do that. And I guess that's because at some point they tried and it didn't work out very well. He responded very negatively to it. But if you talk to him and you can explain things, he gets it.

SPEAKER_04 1:43:34

Okay, okay.

SPEAKER_02 1:43:34

Yeah. Whereas some people might be a little bit. Uh he's 13.

SPEAKER_04 1:43:38

Oh, he's a teenager. No, but like he's he's but okay, okay, yeah.

SPEAKER_02 1:43:44

I I don't know how if that's gonna hold to his teenage years, I'll be honest. But so far, so far so far so good.

SPEAKER_04 1:43:50

So far so good. Would you practice cooper punishment with your kid? Do you even plan to have kids, bro?

SPEAKER_02 1:43:57

I do. Um the number changes depending on how financially confident I am of kids. Because yeah, so I'm thinking like minimum two, and if I get if money's not a concern, probably go up to six. Uh Damn!

SPEAKER_01 1:44:12

You four animal, bro. Damn!

SPEAKER_04 1:44:16

Six kids. Why not? I mean, why not?

SPEAKER_02 1:44:20

Because if you got like the it's all about like the the money part of it, because like even for when my parents were having us, the the the the planning around was most financial, and they they kind of stopped uh they had they had three, they saw things were going financially well, and then I came along as the fourth or last one, yeah.

SPEAKER_04 1:44:37

Um and yeah, last born, huh?

unknown 1:44:40

Yeah, yeah.

SPEAKER_02 1:44:41

So that might explain some of the stinginess that I'm learning. I wouldn't, I I I don't think I would. I don't think I would, mostly because I think we have again, like I said, like us being born at a very fortunate time. Yeah, there's books on parenting and whatnot. I've been seeing like these days on Instagram, there's people who are teaching like parenting classes, like psychologists and so on here in this country. So I have a feeling that people resorted to caning because it was a very uh fast solution to a problem.

SPEAKER_06 1:45:13

Yeah.

SPEAKER_02 1:45:13

Okay. But if you do, because the thing about you like you're busy, you got a lot of things going on, you're stressed about this, and then a kid comes and start acting up, you're like, you know what? And then you and you kind of like sort that out in like five minutes or ten minutes and you go on. Whereas having the more thing of talking, uh like I see from the example of my nephew, like his parents spend a lot more time talking to him. And some of these talks can be like 30, 45 minutes to an hour to kind of like really get a message through. So if you don't have 30, 45 minutes an hour, you're not gonna do that. And if you don't have as well as access to all the YouTube videos, all the psychology stuff, all the books out there and stuff, like you, I don't think I'll become that parent. But at the same same time, I'm kind of hoping that I have kids who are responsive to the talking side. Because if they're not, I'm not, I'm I'm I'm just not gonna be the one who's who's gonna let my kid get if that's what they need, that's what they need. Depending on the physical, uh, it'll hurt, it'll hurt me. It'll hurt me more than it hurts them, as the saying goes.

SPEAKER_04 1:46:16

But hey gang, don't go anywhere just yet. We'll still get more of the Note Calling podcast coming out. We're back from a little short break. We apologize if we're taking too much of your time. I love you, audience. Today we have a yapp in the house. And we're actually talking some like good shit. Cause like I did promise you guys for some like juice and knowledge about different things, right? And we we aim to learn a bunch of stuff this year, man. And uh yeah, through me learning, you learn. So I wanted to learn about finance and shit. Here we are with Victor. So if you made it this far, I appreciate you. And hopefully you've subscribed because uh I need that subscribe. You that when you subscribe, you push me to make better content. And if you want to support and love the show, want to see it grow, please support us by just subscribing. That's totally completely free. The easiest way to support the podcast. And you can also follow us on social media platforms like TikTok and Instagram. Okay, also, one last thing. You're wondering where we are right now. We have the studio. The studio is called Pentagon Rentals. If you're a podcaster like myself, you're a person, you're a person who's uh creative, I can say this place provides you with everything you can need to pursue creativity. Literally. All you need is your juice, your creative mind, the equipment spaces. You might meet up with me even. Uh but yeah, so it's a good place to be at if you want to like thrive in creativity and content. So yeah, tap in. Content. Oh, Pentagon Rentals, actually. So yeah, that was a little bit of sound, a little sound song.

unknown 1:48:12

Okay.

SPEAKER_02 1:48:15

What are you smiling about, bro? I I'm I'm I'm I'm watching a master at his craft as well. Wow, a master is crazy, dog. What? A master really? You've been doing this for three years, have you not? Yes.

SPEAKER_04 1:48:27

I I don't consider myself a master.

SPEAKER_02 1:48:29

No, I mean, of course, and that's part of like the mentality that you need to keep and continue growing. But from just uh I mean, if you think you've learned and you know everything, you're not gonna grow.

SPEAKER_04 1:48:43

Yeah, true.

SPEAKER_02 1:48:44

But I'm just saying, from my perspective, uh a lot of us take for granted the things that we're good at. True. And you have this thing where you know enough about this that you can see the long way that you still have to go in your own mind.

SPEAKER_06 1:49:02

Yeah.

SPEAKER_02 1:49:03

But for someone who's from the outside looking in, they can already see how far you are out of this. So it's like I'm just, I'm just, I'm just, I'm just, I'm just watching out of respect and admiration, dude. Keep doing it. Appreciate it, appreciate it, appreciate it.

SPEAKER_04 1:49:16

Uh, but yeah, so we're gonna dive into the last segment of the show. The the segment is called no trolling questions. Remember the catchphrase I told you earlier about uh don't sweat it. Yeah, good memory, bro.

SPEAKER_02 1:49:27

Thank you.

SPEAKER_04 1:49:27

So basically, whenever I ask you a question, I'm gonna say no trolling. And before you respond to the question, you'll be like, Don't sweat it, don't sweat it, and then you respond. Simple?

SPEAKER_02 1:49:38

Got it.

SPEAKER_04 1:49:38

Most guests trip up on this one, trip up on this one. And yeah, they might go remembering a few lines, a few questions, you know what I mean, but at the end during the end of the show, they usually don't forget, don't remember to say it.

SPEAKER_02 1:49:52

Yeah, I hope I don't embarrass myself.

SPEAKER_04 1:49:54

Nah, nah, it's not embarrassing, actually. It's just like let's see if you're up for the challenge.

SPEAKER_02 1:49:58

There's a couple people who watch this and they won't let. Forget it, but all right.

SPEAKER_04 1:50:03

First no trolling question. Do you think about death and does that affect how you handle money? No trolling.

SPEAKER_02 1:50:09

Don't sweat it. Yes, I do. Yeah. I've had a few near-death experiences over the course of my life.

SPEAKER_03 1:50:19

I remember we talked about that.

SPEAKER_02 1:50:20

Yeah, and so I am keenly aware that we don't have infinite time here. And does it affect how I run my finances? Not really. Because I'm still focused on the future. I am operating as if I'll be here for a long time. Not forever, but for a long time. Because that's the only way I can get to the results in the numbers that I want.

SPEAKER_03 1:50:49

Okay.

SPEAKER_02 1:50:50

I so like I delay gratification for a very long time. I'm I'm I'm I'm fine with doing like the whole decade of sacrifice to that type of thing to build up the thing. And I just hope I'll be around to enjoy it.

SPEAKER_04 1:51:08

I feel like, yeah. Don't rush greatness. Yeah, that's uh something I've also seen. Uh Central Seal did a whole album. Like it's I think it's an album called Don't Rush Greatness. Or is it a song? I don't know. I'm pretty sure it's an album. But yeah, basically, yeah, if you don't don't put a very, very fast ticking bomb to to for you to be successful. I feel like give yourself grace, give yourself time to marinate in success because instant success is not something I like as well. I don't believe in it. Like success overnight, fuck out of here.

SPEAKER_02 1:51:48

I know, but you see, but hands on here. Yeah. They have this thing where a lot of them, I see it in my comment section all the freaking time. It's like, why would you wait this long? And my idea is that I'd rather if I live long, I'd be happy to have it. If I don't live long enough, I'm fine with leaving what I got to the people who are behind. Okay, who I've left behind. And if I don't make it, I don't make it. You don't hear dead people complain. So I'm dead. What does it matter anymore?

SPEAKER_06 1:52:20

Yeah.

SPEAKER_02 1:52:21

So I'm fine with like playing the long-term game.

SPEAKER_04 1:52:25

Dead people complaining. That's crazy.

SPEAKER_02 1:52:28

Have you heard a dead person complain?

SPEAKER_04 1:52:30

Because they're dead.

SPEAKER_02 1:52:31

Case in point. There you go. So why am I worried about what if I'm dead? But anyway, yeah.

SPEAKER_04 1:52:37

What does it mean to actually master your money? No trolling.

SPEAKER_02 1:52:43

Don't sweat it. It's having your own flavor or spin of budgeting, of saving. Sorry, of earning, budgeting, saving, and investing.

SPEAKER_04 1:53:00

Okay.

SPEAKER_02 1:53:00

Uh to eventually build a life that you don't want to escape from. Because a lot of us are in a situation where we're doing things because, oh, we kind of have to do it. And we have to do it because, oh, anytime we get this money, you wind up spending on something to make us feel better about having to do it.

SPEAKER_04 1:53:18

Yeah, yeah, yeah.

SPEAKER_02 1:53:19

This is a weird cycle. But mastering your money is basically about having those skills in check and eventually getting to a point whereby money stops being the main concern or the main limiting factor in your life.

SPEAKER_04 1:53:38

You know what I just thought about? Emergency funds.

SPEAKER_02 1:53:42

Ah, okay.

SPEAKER_04 1:53:43

Yeah. How can somebody realistically start an emergency fund, no trolling?

SPEAKER_02 1:53:49

Don't sweat it. So just in case anyone's kind of confused, an emergency fund represents anywhere from three to six months of living expenses. So if your living expenses is like one million shillings a month, you should have about three million to six million shillings saved. Possibly more depending on your work situation, possibly less, depending on that too. And when it comes to having every any financial goal, there's like two schools of thought. There's some people who are like, oh, seek balance and manage this, and you don't have to sacrifice that, you don't have this. Me, maybe because I'm a guy, and you have less you did say you have less sympathy for guys when you loan them money. But yeah, that's that's part of the thing. As a guy, you don't have. I mean, of course, being broke is not fun for anyone. Yes, absolutely. But as a guy, you do not have the leeway to be broke.

SPEAKER_04 1:54:44

You don't, actually. Why are you broke?

SPEAKER_02 1:54:47

You don't.

SPEAKER_04 1:54:47

Yeah.

SPEAKER_02 1:54:48

So in that case, I'm the type of person you say, you know, you know what? I'm gonna cut out all the unnecessary stuff. It's gonna take anywhere from usually in many cases like six months or so, six months to a year to save up that kind of money, depending on how much you make and how much you spend.

SPEAKER_03 1:55:03

Yeah.

SPEAKER_02 1:55:04

But just say, you know what? For the next this, this, this, these things that I used to enjoy, I'm cutting them out. And I can give an example of this, whereby this wasn't like this was part of a financial thing where I said, like, I was going to quit my job and have a full-time income outside of my job. And I was not going to sleep in a bed until I did it. So for about seven months, I slept on the floor. I had a bed in the house.

SPEAKER_07 1:55:32

Okay.

SPEAKER_02 1:55:33

Very comfortable. But I slept on the floor because I wanted to create that discomfort to push me that and do that. So anyone except it's going to be uncomfortable, except the sucking is gonna suck.

SPEAKER_04 1:55:44

Yeah, of course.

SPEAKER_02 1:55:45

And just get through it.

SPEAKER_04 1:55:46

Yeah, as soon as you can. I feel like I don't know, this is just me. And I like saying this as a man because it really is as a man. I don't like being comfortable.

unknown 1:55:59

Ooh, okay.

SPEAKER_04 1:56:00

I honestly don't like it. And and the reason that is, is because through comfort, you become lazy. You become, oh, you have you got this. Nah, I don't like that mentality. That's why I don't sleep as much. It's not because I don't want to be comfortable, it's because I have a lot of shit to do and I wish I could sleep more, but I just don't I don't prioritize it to the sense like I'll compromise my work. And I just like eating a lot as well. I don't want to be that comfortable to eat three meals a day.

unknown 1:56:37

Wow.

SPEAKER_04 1:56:37

Nah, I need some little bit of hunger in me, bro.

SPEAKER_05 1:56:41

I hear you, okay.

SPEAKER_04 1:56:42

Yeah, to work. You know? I'm not saying being unhealthy about it. No. I'm just saying be on top of it. Don't let it control you. Yeah. Like today, I just had bread in the morning and I'm still good. And I had chicken in the afternoon, actually. A little bit of bread and chicken. And uh, I might not eat tonight, I might eat. I don't know, depending on what the work I got going on.

SPEAKER_02 1:57:06

But okay, sorry.

SPEAKER_04 1:57:07

Yeah, but um, I I just like I like saying that this works for me. You get me? Figure what works for you, but just don't be comfortable. Usiri Dike, they say. Usizue Kazi. Yeah, I saw a good friend of mine, uh, his name is DJ Ali B, told me this one time. It was like, yo, dog, I always told him, I used to tell him, bro, I keep getting nervous whenever I'm doing a podcast, whenever I'm doing this. I always get nervous before it starts. He's like, Yeah, that's good, dog. That means we are kazi.

SPEAKER_05 1:57:39

Yes.

SPEAKER_04 1:57:40

Never kazi.

SPEAKER_05 1:57:42

Yes.

SPEAKER_04 1:57:42

And I was like, okay, that's something I'd want to see in a t-shirt. So yeah, I don't like being comfortable. I like being out of my comfort zone because that's what pushes greatness. Stepping out of your comfort zone.

SPEAKER_02 1:57:55

Have you made the t-shirts yet?

SPEAKER_04 1:57:57

Nah, if you don't make them though.

SPEAKER_02 1:57:58

Make them plug them, man.

SPEAKER_04 1:58:00

So yeah, yeah, for sure. You mentioned a million Busara, right? How much did he influence in your career?

SPEAKER_02 1:58:15

No trolling.

SPEAKER_04 1:58:16

No trolling. Oh, twist, plant twist. I'm the one who forgot. Shit, and that has never happened before. Wow.

SPEAKER_02 1:58:29

Just say don't sweat it, then we get to it.

SPEAKER_04 1:58:31

No, no, no, no trolling.

SPEAKER_02 1:58:32

Don't sweat it.

SPEAKER_04 1:58:34

Yeah.

SPEAKER_02 1:58:34

Um crazy.

SPEAKER_04 1:58:39

Crazy. I actually did forget.

SPEAKER_02 1:58:42

Damn. Okay. See, this is why we don't skip meals, my guy. But you don't skip a meal.

SPEAKER_04 1:58:51

Come on.

SPEAKER_02 1:58:52

Two a day.

SPEAKER_04 1:58:53

Yeah, okay.

SPEAKER_02 1:58:54

Yeah. Um, though, Emil and Bussara's been. He's overall very influential in the space, which I've just had this thing where I've said for a long time that anyone who teaches personal finance in some shape or form can trace all this stuff like back to him in some kind of way. Okay. Okay. Um, I met him back then when I was younger and stubborn. And I did not have, I was at that point, like I didn't have much money in my mind. So that was like a mistake again. I didn't have much money in my mind to kind of invest.

SPEAKER_03 1:59:34

Okay.

SPEAKER_02 1:59:34

So I got some of his books, I had some of his teachings, I met with him in person a few times, and I always appreciated this what he had to teach, but I just felt like I didn't have the money to make it work. Uh, but then meeting him again this time in the future, I'm I'm happy to see him and he's in good health. That uh I'm trying to catch up. I'm trying to do my best to kind of uh because he's a role model, he's someone I really look up to, and I don't want to kind of like disappoint him.

SPEAKER_07 2:00:05

Yeah.

SPEAKER_02 2:00:05

So it's this whole thing of like me trying to really do my best to practice what he's teaching, follow up on his lessons, spread the good word about him because hey, he's got a lot of wisdom to share with a lot of people. And he's really been a big part in terms of my investing in journey. In terms of like my professional career and whatnot, yeah, not so much, but I wouldn't say nothing, because at the same time, part of my desire to earn more money and the changes that I made along the way was to have something I could invest and build upon my financial security and the stuff that he teaches as well. So he's he's he's had a there's a fingerprint of his life, of his wisdom in my life.

SPEAKER_04 2:00:49

Okay, beautiful. Before I let you go, bro. What is your financial goal for this year? No trolling.

SPEAKER_02 2:00:58

Don't sweat it. This is a weird answer to this question, but I don't have yearly goals. I have an end goal that I'm chasing. Okay. Um, that end goal is to have a net worth of over a billion shillings um and have passive income from it equivalent to about 75 million shillings or $30,000, whatever the ex- I'm I I have my targets pegged pegged in USD. So $30,000 and whatever the equivalent will be at that time. And my timeline is for my timeline is for 2030 to reach that goal, which is chosen very strategically because that's the point that I want to have ideally start a family.

SPEAKER_04 2:01:48

So you want to have a billion shillings. Shillings by the by 2030. Yes. Four years, my boy.

SPEAKER_02 2:02:00

Uh yeah, that's why I like I talk. I can't be driving my money, man.

unknown 2:02:05

Woo!

SPEAKER_02 2:02:06

I can't be driving my money, I can't be doing those things I said that we don't do in 2020.

SPEAKER_04 2:02:11

Damn. Yeah, I don't want to catch up to you, man.

SPEAKER_02 2:02:14

I mean, you I I want you to overtake me. I need rich friends. All right. So that if I failed, I'm like, Sean, can I get 50 million and you not ask me any questions about it? You said no to men. Okay.

SPEAKER_04 2:02:27

Damn. I really what what is your plan? Are you open in sharing your plan towards that?

SPEAKER_02 2:02:33

To get there?

SPEAKER_04 2:02:34

Yeah.

SPEAKER_02 2:02:34

Um, it's there's there's there's no real magic behind it. It's earn aggressively, invest aggressively, and just hope the numbers work out. So, like when I say I'm saving 80 to 85 percent of my income, that's what I'm aiming for.

unknown 2:02:50

Damn.

SPEAKER_02 2:02:51

I'm trying to make enough money so that that's doable because that's the kind of rate I'll need to get there. Because I have a uh uh a friend who crossed the one billion shilling mark uh this year.

SPEAKER_04 2:03:06

You got a friend who has a billion shillings right now?

SPEAKER_02 2:03:09

In invested, yes.

SPEAKER_04 2:03:10

So invested, yeah.

SPEAKER_02 2:03:12

It's it's not cash, it's not sitting in an account, which that's a different level. Because having invested and having it in cash, cash is harder than having it invested. Okay, okay, okay. But yeah, because investments grow over time, whereas cash just sits and you have to add to it. Yeah. But he again was a very, very aggressive saver, made a lot of money, spent as little of it as possible, so he'd have as much as he could to pump into investments. And he's been doing this for uh since what, 2021? And he crossed there in four years. He's a business owner, I'm not, so I kind of gotta uh be a little harder on myself to get there. Uh but that's the goal. Big things, you you don't get you don't hit big goals with small actions or small sacrifices.

SPEAKER_04 2:03:59

I feel like that's the best way to end it.

unknown 2:04:02

There you go.

SPEAKER_04 2:04:03

Damn. But it was lovely having you, Victor Muta. Thank you so much. And this was episode 83 of the North Jolly Podcast.

SPEAKER_02 2:04:12

See, master of his craft, but yeah, man.

SPEAKER_04 2:04:14

Like, I'm super proud of myself. I'm super proud of my audience for sticking up with me. We're all learning in this journey, and it's actually beautiful to see. And I can't wait to have you next time when you have a billion shillings, bro.

SPEAKER_02 2:04:28

Uh, let's not announce that when I come back next time.

SPEAKER_04 2:04:33

It's just in progress. Okay, okay. How far are you from it from now? I'm not answering that in a love candle. I'm looking at looking. I'm telling them. Please number.