Fmr. World bank employee spills the beans on how to win with debt || Dr. David Wachira
Fmr. World bank employee spills the beans on how to win with debt || Dr. David Wachira
Dr. David Wachira, a former World bank employee, a public finance expert and one of the Co- founders of Waya, a leading online bank drops by for the 3rd time with golden finance nuggets.
#grincontent
Link to Odoo: https://www.odoo.com/r/AoLI
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Really good episode but very unrelatable
Wow! Such an informative discussion. Thank you!
Very informative 👏
I think towards the end, King'ori didn't understand the credit card aspect. Credit cards work the same way across the world. Just make sure you pay all you've spent at the end of your billing cycle and you'll be getting access to free money every cycle.
Very enlightening conversation here.
You choose your friends, don't let your friends choose you!
…awesome
I loved the part of credit card that is an eye opener ….reminds me of contractors using part of the money MMF to make more profits and that is why there is always delays on construction projects.
I love Dr. Wachiras wisdom.
Can we get the credit card loans in Kenyan banks without paying interest really?
Dr. Kingori isn't paying attention at 1:06:31 and that seems to disturb Dr. Wachira
Interesting and informative interview, I learnt a lot. I note that using Credit card to buy a car theory may not work in Kenya due to the credit card transaction fees.
Amazing
Thank you, Dr. Wachira for sharing so much financial and investment wisdom. 🙏🏾
Small correction, Anderson Cooper is a descent of the Vanderbilts not the Carnegies. His mother’s name is Gloria Vanderbilt.
May i remind the presenter to stop using local dialect in videos you upload on this channel because its on international stage. Its very unethical keeping others in the cloud in the course of the discussions…..😮😮😮😮😮😮😮😮😮😮
money = knowledge, enyewe financial education is wealth
They say the stock market is not a fish market
Wachira is a genius man, he is well informed
A wagithomo with a foreign accent is the most random thing I have seen this year
Brilliant and well informed guy❤
In the last five years, Tesla`s revenue has grown an ~51% average, while Toyota has had average quarterly year-over-year growth of only ~2.5%. This is one of the reasons many investors are willing to pay up for Tesla shares. Investors base these decisions on Tesla`s ability to reach projections and this in turn is based on their track record.
Thank you David Wachira for downing the “divinity’ aspect of wealth or good fortune.
I am so tired of all the Africans who, each and everyone, think that God will, provide wealth for them.or grant them riches.
You never regret watching the wicked edition.
1:01 Compounding, the eighth wonder of the world, yes, the money will double after every 72/Interest rate years even without topping; for instance, if a vehicle offers 12% return compounded, after 72/12=6 years, the deposited amount will have doubled assuming the rate remains constant and the yield is reinvested.
40:47 exactly my plan
Bwana Kingori, would it be possible to bring both ED Thiongo and Wachira on the show so that they can expound more on money matters. We as the wicked edition members have decided that they are the money Masters.
Thanks Dr. KING'ORI,
Always here,, from Uganda.
I've always taken advantage of cash back on my credit cards. If I know I can afford something, I put it on my credit card, the credit card company gives me up to 5% back. By the end of the billing cycle I pay off the card before interest rate kicks in. For many years, my credit card company has been paying me, instead of me paying them. When I bought my car, the interest rate on the loan was 1.9%. I took the money that I could have spent on buying the car and put in in stocks where i was earning an average of 8-10%. That's what I consider good debt.
I've found that living below my means has been the best thing i could do for my financial health. After I got my first professional job in the states, I barely changed my lifestyle. I actually lived on half my income for several years. People would make all kinds of jokes about my lifestyle. Even when I sold a house and made a significant amount of money, I didn't go out and buy flashy stuff. I invested in apartments and stocks. Most people aren't able to sacrifice today for tomorrow. We have to learn how to do that
0:00 Introduction and Welcome
0:15 The Cycle of Work and Bills
0:45 Introducing Dr. David Wasira (Public Finance and Economic Specialist)
1:00 Existing Outside the Debt System and Creating Wealth
1:30 The Spiritual Connection to Money and Witchcraft (Mentioned)
2:00 Introduction to Wojo Co-working Space
3:00 "You Must Break Rules to Make Money": Discussion Begins
3:45 Breaking Rules vs. Breaking the Mold
4:30 Intentionality of Rules Designed to Keep People Poor
5:30 Influence vs. Control of the Economy (Elon Musk Example)
7:00 Access and Influence for the Wealthy (Interest Rates, Loans)
8:30 Are Resources Finite? The Concept of Artificial Demand
10:00 Example: Tesla's Valuation and Stock Price
12:30 Comparing Tesla to Toyota (Assets vs. Perception)
15:00 Speculation and Market Influence
16:30 Artificial Inflation of Value (Sugar Trade Example)
17:30 Recap: Preferred Rails in the System and Unequal Access
18:30 ODU Business Platform Advertisement
19:30 Perception vs. Assets: Which Game to Play?
20:30 Personal Trading Experience During COVID (March 2020)
22:00 Blue Chip Stocks and Recoverability (Apple Example)
23:30 Profit Numbers from Apple Stock Trades (Approximate)
24:30 Day Trading Strategy (30-40 Trades per Day)
26:30 After-Market and Before-Market Trading
27:30 Cautions Against Day Trading for Most People
29:00 Investment Strategies: Long-Term vs. Short-Term
31:00 Importance of Speaking to an Investment Expert
32:00 "Know When to Fold 'Em" and Informed Decisions
34:00 Investing During Periods of Crisis (Boeing, ExxonMobil, Volkswagen Examples)
36:30 How to Choose Friends and the Value of Deliberateness
38:00 Compartmentalizing Friends and Value Systems
41:00 What Can I Give vs. What Can I Get in a Relationship
43:00 Recap of Trading Experience and Caveats
45:00 Morgan Housel Quote: Knowing When to Start and Stop Making Money
46:30 Importance of Financial Resources and Research
48:00 Earning on Dividends and Research (Dell Example)
50:00 Reducing the Likelihood of Failure (Informed Guesswork)
52:00 Example: Netflix Earnings and Market Ceiling
54:00 Moving Percentages and Trading Amounts
56:00 Importance of Investment Strategy and Holding
58:00 Advice Against Buying Individual Stocks for Most People
great content
Brains👍
On the credit card is a big deal of investing if you know how to be patience.
The impact of your work is clear, This is the video I've been waiting for! Subscribed, and I'm excited for the journey with you! – "Value the journey, it's what shapes you into something extraordinary."
Tesla is a data company not a car company it collectes data whle on the roads sales it to google etc tht's were the value is
Mzuri Sana. Always a pleasure……………….
Wow!
What advice would he give on table banking.
Your guest should write a book – I’d be proud to own a copy!
Wow I like the way he describes generational wealth, where he explains that they have created generational wealth that each generation will not worry about fees.