Rich You

Rich You Part 5

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This is the final article in the ‘Rich You’ series. I would like to finish off by challenging you to do something new, something for yourself.

Before I do so, I want to talk about investing in the stock market. I would advise you to do so but you must be very wise and look out for your own money. I am not going to go into detail, I want you to take the initiative and do your research. Find out about the stock exchange in your country. Make an appointment with a stock broker and find look at the companies that are listed. If you live in Botswana, I am going to give you a little bit of information.

Go and visit Stockbrokers Botswana, at Letshego House, Main Mall. You can go in and the lady at the reception desk will kindly escort you to someone who will be of good service. Consultation is free. Opening an account is free; you just need to bring your ID. You only need to bring money once you are ready to trade.


I am giving you an assignment and I want you to complete it. If you really take yourself seriously you will most likely attempt at completing it.

1. Take an hour to think about what you really want out in life. Write it down clearly.

2. Think of ways in which you can accumulate wealth, provided they are legal.

3. Do your market research. Are your plans feasible? If not, think of ways that you can make them feasible. Listen to me, God is a God of possibilities. Whatever your gifts and talents, use them, even if it means you have to move to another country.

4. Write out your vision.

5. Spend the next year networking with people in your chosen field who have made it. Read, read and read more! Find a mentor.

6. Become financially literate.


I wish you the best of luck in all that you plan to accomplish. May the God who gives wisdom to us liberally, if you ask, bless you and cause you shine.

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Rich You Part 3

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Today we are looking at the power of envisioning a rich future for yourself. This is a very critical step as planning your way to retiring young and rich will save you a lot of time and will give you a clear direction which you should follow.

The truth of the matter is, many people desire a rich future but do not fit it into their reality. The same goes for an overweight woman trying to lose weight without fitting it into her reality- she is most likely to give up when at her first setback. Many people say, “Someday I will be rich, someday I will buy property…someday someday someday”. In reality, your future is created by what you do today. This is not to say that you must randomly apply for a loan and buy a 2 bedroomed apartment, trying to rent it. I am simply talking about the principle of asking yourself what you can do today that will help you reach your financial goals tomorrow.

Let me give you an example. I want to invest in real estate and at a certain age,I want to own hundreds of rental units. Right now, because I am fairly new at the game, so I have decided that the best thing I can do for myself is educate myself on real estate. After writing down my goals,  I practise the positive habits. So because I am currently practising these habits, it will lead me to more positive developments. Below is a list of the things I do to educate myself on growing wealth for the type of venture I aim to go into.

1. Each week I listen to at least two teachings of financial literacy videos on Youtube, by people such as Robert and Kim Kiyosaki, Donald Trump and many others.

2. I know a few real estate investors who are performing at optimum levels, here in Botswana. I recently secured a meeting with one, who happens to be my uncle’s best friend. He has kindly agreed to become my real estate mentor. 

3. I read books about real estate in Southern Africa.

4. I am going to read about the tax laws in Botswana.

5. I read the Advertiser everyday and shop around for great investment deals; particularly the two and three bedroom apartments. I am going to find a friend drive around to the top 10 offers I find so that I can start practising on how to analyse properties.

I believe that you too can use some of my guidelines. This will not only help you to recognise the best deals in town but will grow your awareness and real estate will become a part of your reality.

You can change your reality by changing your plans, thoughts, words and your daily actions. You also need to learn how to read financial statements and shop for investments that will bring you a cashflow. One such avenue is real estate. In urban areas the demand for real estate is rising rapidly, and in a city such as Gaborone it is actually a good idea to start investing in real estate because of the influx of foreigners coming in due to the Foreign Direct Investment initiative of the Government.

I want you to take some time after reading this to sit at a quiet spot and do not allow anyone to distract you. Write up a plan on how rich you want to become, you must be specific. Then you must figure out, based on what you would enjoy, a list of the types of investments in which you would like to venture . Research is key. Decide which you will go for and then write out a plan. Do not forget to include at which age you want to have P25 million for example. This is what you must do in order to really begin your quest at becoming rich.

Teachings inspired by Robert Kiyosaki from the book “Retire Young Retire Rich” with Sharon L. Lechter. Please visit and check out Kim Kiyosaki’s Rich Woman videos on Youtube. If you want to empower yourself, you must take action, girlfriend. 

Rich You Part 2

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  We live in the Information Age, and so your greatest asset is your knowledge. Commit yourself to learn more and more about keeping  up with a rapidly changing world – NOT the Kardashians!

In part 2 of ‘Rich You’, we will focus on two types of income and looking at another way of thinking about making money. (Legally of course).

I would like to start by saying that most of the guidelines I will use have been inspired by Robert Kiyosaki. Though the times have changed and the world is doing business using different strategies, these truths have stood the test of time.

We all want to graduate and get a high-paying job, with lovely benefits and a cool boss. Sure, this can happen but as an employee, you are working for compensated labour and you and I be taxed dearly. In each country the tax laws vary, yet for employees in every country, rest assured that the people in this quadrant will be taxed dearly. Employees cannot rely on the money they have saved from their paychecks for retirement because the cost of living goes up, times change, and according to statistics, an employee needs to save at least 15 percent of his/her gross income per month for the next 40 years to retire comfortably! Who has time to do that?

That is where passive and portfolio income come in. There is nothing wrong being an employee; it is fun to work for an organisation and have an amazing career. However, if you want to become wealthy, unless you are being paid P1 million to make an appearnace at Fashion Lounge, then you must consider getting a few passive income streams. To have passive income, you have to invest (time or money)in the beginning and then you will be paid for it for the rest of your life (Arnfried Klein-Werner). A person earning passive or portfolio income  (income from investments including dividends, interest, royalties and capital gains) will pass the person who works for earned income only, because they work less, earn more and pay less taxes. Passive and portfolio income are derived from assets. 

So, ladies, if you want to become rich you must learn how to build, buy or create assets. The great news is you can use your spare time, while keeping your job! For example, if you work a 9-5 and become a small business owner through a network marketing affiliate programme, selling products, initially you will have to invest time and money. However, when people join your network they will help  put more money in your pocket  by selling products of which you will get a percentage. So it is really an investment. It takes a while, like 3 years to make a real profit from this type, but it will give you invaluable business lessons and knowledge that will help you if you decide to be a full time business owner. Good examples of such companies are Amway, Network 21 and GNLD. The wonderful thing is we have the WORLD WIDE WEB as a powerful form of leverage on autopilot, working for you even when you sleep!

Real-estate is also a great form of investment and you can start small but dream big. Starting with two rental units and expanding over the years is a steady, great way to build your wealth portfolio. Real-estate investments also give you a monthly cash flow and the government will give you tax breaks if you are providing rental homes for a large number of people because you are helping the state to provide housing for people. In fact, if your financial record clearly states that over many years you have been able to invest wisely, you are usually granted loans at low interest rates and you can fulfill your bigger projects, into the millions.

I am going to give you two scenarios. You tell me who is going to be richer.

Nina and Nala are both smart ladies and they both decide they want to retire comfortably and live abundant lives. These two ladies are both high income earners and they are fairly good at what they do. Nina decides she wants to save money so that she can at least retire with P3.5 million, so she pays instalments of P5000 a month for 15 years, and earns interest at 14.8 percent before tax. Nala on the other hand, decides that she will borrow P1 million from the bank at 10 percent interest, and invest it in real estate to receive a 25 percent return on that borrowed million. After some years she will have paid back the bank and get a source of passive income and keep increasing rent by 10 percent per annum on each of her rental units. Eventually Nala will have more than P200 000 in passive income monthly. Long-term, who benefits more?

There is nothing wrong with saving money. In fact, I am for it completely. However, I would rather save money for the purpose of rainy days or invest in stock as an option for extra money, but not as a retirement plan. I would rather develop passive income to live off in future and have my savings as extra benefits. Everybody has their own method of becoming wealthy. And not everyone will use the same policies, but I think that investing in long-term profit making assets is the way to go, given that you make wise decisions and are financially educated and are not afraid to take risks that bring a large return. 

“Talk is cheap. The greatest expense in life is the money you do not make”. Rich Dad

 Inspired by teachings from ‘Retire Rich Retire Young’ by Robert Kiyosaki and Sharon L. Lechter.

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Rich You Part 1

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I have been reading and absorbing a lot of material from Robert Kiyosaki, and it is amazing how you will learn a lot of valuable insights regarding making money, long term. For the next couple of weeks, I will be focusing on strategies, thinking patterns and ways which wealthy people behave and conduct their businesses. The most important thing is to MIND YOUR OWN BUSINESS. Yes, be mindful of what you want in future. Failure to plan, is a plan to fail. The Bible clearly states that one should, “… Write the vision down and make it plain on tablets, that he may run who reads it. For the vision is yet for an appointed time; but at the end it will speak, it will not lie. Though it tarries, wait for it; because it will surely come, it will not tarry”. Habakkuk 2:2-3.

So it is important to write down your financial goals and your exit strategy- whether you want to exit poor, middle-class, affluent, rich or super-rich. When you write what you want you will be able to make a plan, and search for interesting ventures in which to invest.

So where do we start?

You have to start with the leverage of your mind. Your reality is what will determine how far your context expands or remain . As Rich Dad states, rich people do the same things poor and middle class people do, except they shop for businesses, investments, real estate, stocks, bonds and other business opportunities. Poor and middle class people shop for discounts all the time. You should understand that many rich people started off with nothing. The thing that set them apart from the rest of their struggling companions is, instead of saying, “I can’t afford this property”, they said, “How can I afford this property?”.

As the first article in the ‘Rich You’ series, I want to focus on a few ways of leverage and how they are beneficial for building your wealth. After reading these lessons I agreed wholeheartedly with Mr. Kiyosaki. Please take a moment to really absorb what you are about to read and decide what you want.


If you do not respect your health you may as well forget enjoying a fulfilling and rich life. Your health is actually a pre-requisite to enjoying a lot of things in life. For example, if you continue smoking, drinking and getting few hours of sleep and you do not exercise, eat whatever you want you are harming your health. Eventually you will lose energy, you will become sick, attract negative friends and energy and then instead of enjoying your retirement you will spend all the money you invested on hospital bills.


It is important to have scholastic and professional education, but FINANCIAL EDUCATION IS A MUST. A person who graduates with little financial education will be surpassed by someone with financial education. A high paying job with little financial education will put the person in deep debt. Financial education will help you retire young and rich- also, it will help you to seek out opportunities that others cannot see.


Relationships are so important here. If your friends cannot see beyond the norm then you have to start hanging out more often, with people who are looking to become wealthy. If you date or marry someone who does not want to become wealthy then you sticking around, may hinder you to a large extent. I am not saying you must break up with that person. I am simply trying to show you that decision making, if you are married will be more difficult. Remember that the rich have an OPPOSITE mindset to how most people think. Someone with a RICH MINDSET is willing to sacrifice a few years, using their money to invest in long term projects, as opposed to someone with a POOR MINDSET, who believes in higher job wages and squandering money as soon as he/she gets it, in fear that it will not always be around. Imagine a couple with different mindsets. That’s a recipe for disaster. And stay away from naysayers. Expand your mind.


Find the right tools. The internet is a powerful form of leverage. Use it to your advantage. Whatever forms of leverage you can use, take advantage of.

Spare Time

What do you do in your spare time? Do you spend most of it in frivolity or pursuing the things which you aspire to have? Think about how much time you waste doing nothing at all. It is your future at stake. Make the necessary changes and decide what you want.

Guidelines taken from “Retire Rich, Retire Young” by Robert Kiyosaki  with Sharon L. Lechter.