Tumetoboa Siri! 7 Fastest Ways To Become A Multi-Millionaire In Kenya
Attaining wealth in Kenya holds a significant place in the financial aspirations of many individuals. To become wealthy not only promises increased financial stability but also expands the realm of possibilities and grants the freedom to indulge in desired luxuries.
However, the notion of achieving rapid wealth is often far from reality, demanding substantial time and dedication.
Beware of get-rich-quick schemes, as they often exploit individuals facing financial challenges. With that said, Kenya, like many African countries has its own unique paths that when followed, take you money almost instantly.
Below are ways that are rarely mentioned, some even downplayed, but are faster when you are trying to become a millionaire faster.
1. Join the government
This is actually one of the quickest ways your bank account can attain millions overnight. It’s most defiantly not the easiest but if you can move a crowd, your finances will most definitely change.
Therefore, the next instance you encounter politicians seeking your votes, recognize that their concerns about your well-being may be limited, and their primary focus could revolve around expedited wealth accumulation.
2. Exploit your skill as a self-employed expert and invest in it.
Set your objective to excel in a single endeavor beyond comparison: Dedicate yourself to its enhancement, practice, learning, assessment, and refinement. Consider the fact that numerous athletes and performers have achieved millionaire status due to their complete utilization of their talents. If you possess a skill in which you excel, there’s a strong likelihood of reaping substantial benefits from it.
This mirrors the concept of achieving supremacy in a specific domain. As a master of a particular craft, you’ll observe that opportunities gravitate towards you. To attain mastery, continuous advancement is paramount. Accomplished individuals allocate time, effort, and resources to self-improvement, an investment that might emerge as one of the most fulfilling decisions you’ll ever undertake.
3. Work The With Government
Well, if you can’t become a politician to make money, there still other ways people get to exploit this loophole and make a lot of money in just a few months.
Engaging in government-related ventures can pave a pathway to financial prosperity through avenues like securing tenders and providing various services.
In many cases, government contracts offer substantial opportunities for financial growth. Winning tenders can lead to significant business contracts, resulting in substantial income.
Additionally, offering specialized services required by governmental bodies can lead to consistent revenue streams. However, it’s important to note that success in this arena often requires navigating complex regulations and competition, as well as maintaining a commitment to delivering quality outcomes.
4. Be an inventor of something that will have high demand
If you think about what people need, or things that could improve society, your insights will have more impact. Not only that, you could be the first to produce a trending product in the future.
When you start to serve a lot of people, the effect of word of mouth is magnified – not to mention, you’ll have much more helpful feedback to improve what you do.
No business is successful without the support of the public. Rather than squeezing every single dollar out of your customers, show them you are actually working to make them better.
5. Start your own business then sell it
Embark on the journey of establishing your own enterprise, with an ultimate goal of eventually selling it.
The realm of startups has witnessed a surge in triumphant ventures yielding substantial returns in recent times. If you can devise an innovative approach tailored to a specific niche within the market and establish a business that effectively caters to that demand, the potential for success is significant.
The possibilities are vast and diverse – ranging from a cleaning enterprise to a food delivery service or even a blog.
The road to fruition will likely demand years of relentless effort to nurture the business to its full potential. All entrepreneurs must navigate substantial risks and endure moments of stress. Yet, if you manage to navigate these challenges, the prospective rewards are truly remarkable. This is a blueprint that numerous affluent individuals have followed to achieve substantial wealth.
6. Join a company and buy stocks
This happens mostly abroad but is also becoming a thing in Kenya.
Using the same potential consideration of start-up in the above points, owning stocks of one or more start-up companies could be a valuable investment if the company thrives and either floats or is sold to a larger enterprise.
Only a small minority of start-ups succeed in realizing large capital gains, so the odds are not good.
However, you can use your judgment to see which business idea and which management team are likely to succeed. Early employees in Apple, Google, and Microsoft became millionaires on this basis.
7. Bet and gambling
We have saved the craziest for the last.
Engaging in betting and gambling as a means to rapidly amass wealth is a precarious path. While some may view it as a shortcut to financial success, it’s important to recognize the significant risks associated with these activities.
The outcomes of bets and gambling are often unpredictable, and many individuals end up losing more than they gain. Relying on luck alone to achieve wealth is not a reliable strategy and can lead to financial instability. Instead, seeking out sustainable and well-informed investment strategies, education, and hard work offer more realistic avenues for long-term financial growth and security.
Conclusion
There are no shortcuts to riches.
That politician you think is an overnight success, took years to hone his/her skills so that he can move the crowds. To invent, you must have the skills. To work with government, there must be a price to pay.
How to really get rich – it takes patience and focus
Getting rich takes time and patience. Slow and steady methods will almost always beat out a quick fix.
There’s nothing glamorous about the following tips but, guess what? They work.
If you follow this advice, you won’t get rich quick, but you will get rich. And that’s the end goal, after all, isn’t it?
