Centonomy Chama

Financial peace isn't the acquisition of stuff. It's learning to live on less than you make, so you can give money back and have money to invest. You can't win until you do this.
-Dave Ramsey

"Wealth Comes at a Cost" article by Waceke Nduati (Entrepreneurship Coach, Author, Founder - Centonomy Ltd). I once attended a talk given on the “billionaire mindset”. The Guest Speaker, who is a billionaire, said that to make a billion you have to assume the responsibility of managing a billion, thinking in billions, dealing with billion shilling problems, borrowing in billions, negotiating in billions, losing billions and having sleepless nights over billions.

In essence, billion shilling level problems. If today, you cannot manage your hundred thousand shilling or million Shilling problem, you will not be able to handle a billion. That level of responsibility is what it costs to create wealth. So what’s the price wealth creators have paid?

Wealth will cost you time.

Picture yourself managing a multi-million or billion shilling empire? What do you think you would spend time on? Do you think the wealthy are busy on social media or forwarding irrelevant messages to each other? Maybe they read one or two but I really don’t think they have time to open and comment on all of them. What do you need to invest time in?

Time is the one resource we are given equal but the difference lies in how we spend it. The wealthy simply spend time productively. It costs them social activities at times or like Janet they wake up really early. The billionaire, you, and i have the same twenty-four-hour day. Wealth is a mindset, it will cost you time. It’s time to begin thinking differently.

Join us this week on another episode of with on Friday, 1st May at 2.00 - 3.00 pm on the Centonomy Facebook Main Page. What assets and liabilities do you have and what are you doing with/about them respectively?