Why you keep paying more than you should || Ed Thiong'o

[@DEWAYNEMCCAULEY]

I'm retired at 47, This video here reminds me of my transformation from a nobody to having over 65,000 biweekly profit, a honest partner and a good daughter full of love ❤

[@BellaGurl-sg1ti]

I can still remember the exact feeling on my biggest payday in the market. Imagine taking home $407k just from 12k initial deposit. For the newbies I'll encourage anyone to embrace copytrade as the best approach especially when you're a newbie

[@FxMeshJnr]

Huge! been trying to trade on my own for a while now but it isn't going well. Few weeks ago I lost about $10,000 in a particular trade. Can you at least advise me on what to do?

[@AnaStewart-c4d]

🙏*12k to 407k is significant increase. My first copytrade wasn't profitable. Please share who you copytrade *

[@TheMoon-dy7ot]

I'm highly inspired. Please spill some sugar about the bi-weekly stuff you mentioned

[@BellaGurl-sg1ti]

I only copytrade one manager

[@edwardkabata8137]

For the first time in the Kenyan pod field, I feel like I’ve listened to a really smart and knowledgeable person with no BS and not trying to sell or push their agenda or product. Just pure wisdom!

[@gitgenKE]

The good thing is kingori is learning with us, asking all these seemingly stupid questions.

[@mercymimi4022]

I can't believe Eddie gave us this information for free.Your channel is offering so much value King'ori. ❤

[@findinglela]

Some visitors choose to share knowledge. He's one

[@findinglela]

Yes, he's been generous 👏

[@gitgenKE]

Believe it Mimi.

[@sinzoredennis3844]

This guy should be protectected by all means. He is always oozing wisdom. Make more pods with him Doc.

[@SupremeEstatesCo123]

This guy is very veeeery conversant with whatever he says,,he predicted that all SME' s will fail in due time,,ona biashara vile zinaanguka. This guy is doing justice to our time bana,,,nuff respect.

[@J_a_s_o_n]

Who told you all SME have fallen?

[@SupremeEstatesCo123]

@J_a_s_o_n somethings you don't need to be told,, you can see them happening all round,,unless you live in museveni's homestead.

[@filipdzidzovic4912]

After reading book titled The Elite Society's Money Manifestation, I finally understood why so many people struggle with money. It reveals stuff that most people don’t even know about how money really works. Has anyone else read it?

[@Mesut-]

Inapatikana wapi?

[@paulnyagini]

😂 I don't know about that book. But the book that opened my eyes was THE RICHEST MAN IN BABYLON. honestly speaking other books are just copypaste.

[@Mesut-]

@@paulnyagini sawa

[@benjaminmusyoka9257]

Do you have a soft copy?

[@ed_lyrics-sv3cw]

awesome leo nimesoma kitu

[@justusmochoge6577]

Yes I now see how important fuliza is. It pushes you towards growth 👏👏👏

[@spencer_francis]

Tax questions; 1. Types of Real estate taxes 2. Is there tax deductibles in real estate and if yes the types 3. Types of trust and ones with the best benefits of little to no taxation.

[@Songole254]

This is the second guy after jimmy wajingi to narrate about how the government is thrinking the access of credit by over borrowing from our local banks..very knowledgeable guy.

[@adrianteri]

1:03:00 A fallacy here as banks aren't intermediaries between "borrowers" and "savers". Loans(asset for banks) create deposits(a liability for banks). They accept IOUs from creditworthy(collateral, ability to pay etc) pple & firms. Deposits brought in by account holders from other sources/transfers are part of capital requirements and have nothing to do with other fallacies -> fractional reserve banking & money multipliers

[@James-muli]

Ed Thiong'o has always been good vibes, more flowers

[@IsabellaGathoni]

In fact, on the issue of double taxation, the rule is that for Kenya resident person (a person with a permanent home in Kenya), as long as you've been in Kenya for any amount of time (even for an hour e.g in the case of a layover) your income is taxable in Kenya.

[@kobiajosphat1806]

Very Inspiring and thoughtful conversation..

[@nobleakpabey299]

Listening from Ghana......

[@stephenomondi928]

Thank you Ed Thiongo. Your concept on taxing idle land in urban places and their metropolis is actually true and a good idea that can help bring down the cost of real estate. But an average Kenyan, buoyed by historically poor governance from serikali, thinks the government wants to rob them.

[@SupremeEstatesCo123]

Dr. king'ori amepigiwa hesabu ya the 1/8th size of land na the 10Acres akajuuliza "na kwani Mimi nafikirianga aje" he has actually felt the pain mentally,,check his facial reaction 😂😂😂.

[@prince_rhythms]

Always a good time listening to Ed

[@stephenkamore7058]

Had to take out my notebook. Brilliant!

[@rodneyomari4838]

Brilliant conversation. Merry Christmas.

[@topnineshow]

Access to affordable credit in Kenya is the problem.

[@afrikenkid]

save right (its own risk) or productive on credit (its own risk) it is relative (same risk) depending with information you have, both parties win and lose

[@smallkev]

This was such an insightful conversation lakini mbona mmalizie place yenye utamu iko. But this now allows me to ask my question. What drives a country to seal a double taxation agreement (DTAs) with another countries and why don't the government talk about this while is exporting and importing labour?... Thank you Dr. Kingori and Ed for this.

[@adrianteri]

57:30 where is this money borrowed sitting in pples & business accounts? Sure mortgages aren't so prevalent but do monies "hit your account" or are they paid out to proprietors/owners directly? For credit cards is that money anywhere visible in your bank statements as credits?

[@margaretorango8444]

Great talk Eddie, keep it up, wake the masses up!

[@mustang_wanjau]

Money money money, that's all you need to learn ❤❤

[@jN01z-s5w]

This guy is very smart...very eye opening show..

[@muthomikenneth4593]

Eddie is always my favourite in this show.

[@msirenenjuguna]

Truly pricing is a topic not taught in school yet so vital

[@philipclyde7472]

It is taught in school, maybe ulikuwa wa CRE😅 PSYCHOLOGICAL price tag

[@msirenenjuguna]

@philipclyde7472 hata sikufanya CRE apart from primary.

[@msirenenjuguna]

@philipclyde7472 to what depth is it taught??? And especially for people who didnt take up finance & economics course???? And for these we mean.... Money and wealth should be a whole mandatory subject in school. Especially in a world to survive transactions are done daily. And truth be told n having done due diligence, hata wenye wamesomea business n finance are still struggling n mastering the art of money & wealth even with degrees, masters etc.... only a small margin has hacked it. N has taken experience rather than skill.

[@msirenenjuguna]

@@philipclyde7472 in that context and being in service industry. I had to learn indepth pricing... And even clients themselves i find so many people you have to educate before you can sell value to them. And we measure this through utility. And if this was made universal formal course then you wouldnt need to have to explain or discuss money topics and prices of good and services in the real world.

[@findinglela]

Yes

[@adrianteri]

59:00 All the more reason to have KE gov't backstop/ensure savings don't go into casinos aka "investments vehicles". The UK has the triple lock, America savings bonds(EE) but where did m-akiba for KE go to whereby you could buy bonds with less than KES 50K?

[@KagwanjaJnr]

The 1/8 acre or 10 acre question was my question 😅. You asked it on my behalf!

[@VictorKabogo-i4w]

Ed always a vibe (friend of the show )

[@GlobalMonitorDaily]

Simply,usijinyime ati unasave😉

[@adrianteri]

1:06:30 Cut spending, cut income, cut production and finally cut employment. What do Kenyans think is the result of the biggest spender in the economy, govt at ~20%, cutting ~2% of GDP or 400 Billion for Fiscal Year 2024-25?

[@Agunya_J.]

Top notch business conversation

[@gw7768]

Consumer behaviour drives prices unreasonably high. Why for instance do you buy a vehicle at a much higher price than it's worth just because of its latest registration number? Or 'new model'? Who does that? I like that he has touched on 'access to credit'. Having easy access to credit should never be a substitute for income or ability to generate income.

[@everlynebakhoya1410]

Yes, lakini who has ever become rich thr credit? On the contrary, what I see is debt gets most people into serious traps or cycles of debt taking. You're never free. However, people have become relatively rich through savings, even thr the SACCO model. On the other hand, the wealthy with big companies just barely survive on a cycle of huge loans. Real beneficiaries are the employees maybe. The few who have benefited from credit are the highly astute business men who are willing to take risks..

[@findinglela]

You're right. Employees always playing the best game

[@fpl_254]

I used to think that was the case until you go through their previous episode.. Debt is a tool, it depends on how you use it.. The USD is backed by debt Our Kenyan economy runs using debt

[@lynnieeve]

Never met anyone who got rich through saving Debt is a tool to propel you..keep in mind the time value for money. The problem is what we use debt for hence cyclic borrowing because we borrow for recurrent needs if only we strictly borrowed to invest such that the money you earn from the investment actually pays the loan and leaves some money for you.

[@joseckerambo2184]

On the next discussion about tax, kindly ask him what a forex trader in Kenya is supposed to pay. In the UK, spreadbetting(as it's called) is not taxable and local experts don't seem to have a solid answer about this.

[@AbdiS]

For the lady friend of Kingori paying 12k rent in Nairobi for 3 BR - the guys said something and I want to flip it: "the landlord or agent or caretaker is deriving a bigger benifit.... 😁! Hio bei ni uwongo kabisa

[@adrianteri]

1:05:40 A shame the discussion hasn't gotten to the roots of where money comes from if everybody is in debts/borrowing. If you continue with this logic it's just a spiral. Money in an economy comes from gov't ultimately. Money created via loans is destroyed when you re-pay them back. ONLY money that comes from gov't and hasn't been taxed away truly remains. It can be held in cash or saving accounts/Treasuries aka public debt .... Paying down "public debt" means destroying private sector's savings/net financial assets. Now combine this to KE's Treasury wish to go into surplus and private sector will simply have to be in deficit!

[@philemonmaosa5693]

Good stuff

[@adrianteri]

1:06:52 Last one as I know I'm getting annoying .... Core capital aka Tier 1 does NOT include customers deposits. We've already established deposits are liabilities to banks NOT assets. The issue for KE's finance sector is simply NOT enough creditworthy(collateral, ability to pay etc) borrowers. Problem lies as to why are assets priced as they are by the markets... Illicit inflows? Too much liberation? Well you are now "free" to pay whatever prices ....

[@jwaruij]

Inexhaustible insights from Ed. Bring him again and again .

[@lexweru]

Quite insightful.

[@briankimotho5622]

Sir Eddie Thiong'o is back!! sign me up .. he made me read "confessions of an economic hitman" last time.... let's hear his recommendation this time

[@Kk29500]

There are many pricing principles. Utility is just one of them. But so is costing. A 3 bed costs 2.5m to 3m to construct. How can it then be 15k????? Some sentiments on the show are not accurate

[@paulnyagini]

One thing that you need to keep in mind is the global standard of rate of return of a house is 10% . Of which the 15k is 180k making the true price of the 3bed room house to be 1.8milion. So the 2.5 & 3m is actually overpriced. Of cose people are saying that the rent is cheap but what does the force of demand say is 15k. Every trader wants to maximise his profits a shoe hackler will want to sell his pair for 1milion ksh but market will give him ksh250 .

[@SuperJohnkimani]

Ed is super good and highly learned note, I didn’t say educated

[@sammy_blessing]

Fafanua tu kidogo

[@GlobalMonitorDaily]

If the government borrows from the banks, doesn't it spend the same money borrowed within the country.Ama hii pesa gava hukopa wanaenda kulalia kama mattress.if the government spend borrowed money in the economy,then lack of money shouldn't be in discussion.sijaelewa vyenye gava ikopa banks pesa ina disappear from the economy,juu hiyo pesa lazima itumike Kenya coz it's Kenyan currency

[@stephenomondi928]

Amesema pesa yenye gava huborrow inatumika kulipa wenye walikopa gava last time. Pesa ya development mostly ni tax, na tena gava ikifloat specific bonds such as infrastructure bonds for roads and infrastructure development.

[@ruthpeteh4958]

Great content

[@gitgenKE]

Contents 😊

[@adrianteri]

1:16:50 & 1:19:55 Not true. Gov'ts(Central Banks) set short term rates. Most central bankers know they can affect/control the yield curve at any point or even the whole curve if they want. Japan has ~250% public debt ratios to GDP and have driven interest rates to even negative territory. All the while they have continued running deficits and thus issuing Treasuries at negative rates with financial institutions accepting/buying them. Lesson? A sovereign state should NEVER borrow in a currency it does NOT issue which I see KE Treasury 180 opposite to follow as foreign ones are "cheaper" ...

[@yayo_mfalme]

Wawawa all I can say is RUTO MUST GO 🇰🇪✊😤 sijashika kitu izo numbers zimenipita kama embasava

[@gitauwamukui5031]

Double taxation in East africa ???

[@margaretorango8444]

Availability of credit enables ideas to be manifested into reality/ utilised, this then creates all other fundamentals of development in an economy. Chinese understood this long time ago, and look at where they are, they've uplifted entire populations out of poverty by means of production, overcapacity.

[@adrianteri]

1:30:17 This easement strategy by Central Bank will be lowering of rates aggressively which I don't see any success if Treasury still wants to go into surplus. Again if gov't is be in surplus/reducing public debt someone else(private sector) will have to be deficit/destroying savings. Japan has tried this, read the lost decade, to no avail with Treasury/Ministry of Finance getting back to deficits but with absurd conditions of tier-ing and negative interest rates on reserves introduced via fiscal. The era of fiddling with monetary policy is over whether you like it or NOT it's time for fiscal or if you like fiscal dominance.

[@mercyk2672]

If landlords are forced to rent houses for very little, we'll be faced with a housing shortage, since being a landlord will be less attractive. We'll also see a massive foreclosure crisis since landlords won't be able to finance their loans. Don't forget that the cost of land and borrowing is factored into rent. Also, one has to make money in the process We have to tread very carefully, or we might create a nightmare scenario in the name of low rents.

[@paulnyagini]

The biggest elephant in the room is interest rates

[@mercyk2672]

@paulnyagini no kidding, those interest rates are unsustainable, in America, we pay 5-7% interest on mortgage and maybe 10% on loans and its still considered very high.

[@Zahramuduku1362]

King'ori I have a question, for example I want Start a business of sewing mitumba and selling them in rural areas like I'll be selling them in bulks I have manual sewing machine....I have fabrics when I say sewing I mean like sweat pants.....I have 20k just incase of!! Instead of people goin in china or purchasing online second hands clothes I'll be supplying to them ...but I still don't have connection 😢for it !!what advice would you give me??

[@justicekipyegon]

Where are you located?

[@Zahramuduku1362]

@justicekipyegon western Busia Uganda border (Sofia)

[@Zahramuduku1362]

@justicekipyegon in western Busia Uganda border (Sofia)

[@findinglela]

​@@Zahramuduku1362mitumba is already sewn. Why are you sewing them again?

[@paulnyagini]

​@@Zahramuduku1362 I always say to new players don't assume make sure there is demand. If there is demand then you study the biggest players in that sector and try to find out what is there real secret of success and you emulate it.

[@OyandoPaci]

Weeeh this was ment 4 me Nishai buy bag ya 700 na 2000 Bob 😅

[@johnk.mwalagho652]

As experts we need to use simple english not jargons when providing information to the public otherwise we end up speaking to ourselves.

[@enockpeter6257]

Exactly, i had to look for a dictionary

[@kennethmwaura9879]

1:34:54 Qatar is tax free

[@baulitious1710]

His last comment is a whole new episode.

[@stephendicksonaswani8662]

Mumeni-reset😅

[@denniskaburu1527]

Av become inches taller

[@geediesel254]

The good brother likes using big words “utilities” “asymmetry” “false pretense” “sentiments “ etc. Typical Kenyan behavior of special expertise in every field.

[@robertmuithya]

Kumbe umenotice, those financial jargon are hard bana toget , next time atumie simple English.

[@kennedykariuki4289]

i noticed. suspect

[@artmesiaannua4074]

Umskiza interview vizuri kweli because all the big words he has used, he has explained their meaning before making the points related to them.

[@geediesel254]

@ definitely it’s an art of selling fear. Finance and money is complex therefore it should not be made more complicated and sophisticated. Layman theory

[@geediesel254]

@@robertmuithya suti na kizungu mingi run as fast as possible