Maertin K Library

02/09/2025

💡 Excellent Quotes by Warren Buffett

1️⃣ On Earning:
"Never depend on a single income. Make investment to create a second source."
➡ Lesson: Don’t rely only on your salary. Build multiple income streams—stocks, rentals, side hustles, businesses.

2️⃣ On Spending:
"If you buy things you do not need, soon you will have to sell things you need."
➡ Lesson: Avoid lifestyle inflation. Differentiate wants from needs.

3️⃣ On Saving:
"Do not save what is left after spending, but spend what is left after saving."
➡ Lesson: Pay yourself first. Automate savings and investments before you spend.

4️⃣ On Taking Risk:
"Don’t test the depth of a river with both feet."
➡ Lesson: Take calculated risks. Invest wisely—don’t gamble your entire wealth in one move.

5️⃣ On Investment:
"Do not put all your eggs in one basket."
➡ Lesson: Diversify. Spread money across different asset classes (stocks, bonds, SACCOs, real estate).

✅ Takeaway: These principles emphasize multiple incomes, smart spending, disciplined saving, calculated risks, and diversification—the foundation of long-term wealth.

02/09/2025

💡 50/40/10 Rule of Money Management
50% – Needs 🏠

The essentials you must cover to live and function:

Food 🍲

Housing 🏡

Transport 🚖

Debt repayments 💰

40% – Investments 📈

The portion dedicated to building wealth and financial growth:

Stocks 📊

Side hustles 💻

Rentals 🏘️

Properties 🏢

10% – Wants 🎉

The lifestyle expenses for enjoyment and comfort:

Restaurants 🍽️

Vacations 🚗✈️

Phones 📱

Entertainment 🎬

✅ Why it works:
Unlike the classic 50/30/20 rule, this version is more aggressive on investments (40%), helping you grow wealth faster while still balancing needs and a small allowance for want

01/09/2025

Your boss owes you nothing.

Your job is not as safe as you think.

Always have a plan B.

Something like 6 months of your expenses in a Money Market Fund.

01/09/2025

Strategy = Direction (Why & Where to Compete).

Plan = Ex*****on (How to Achieve It).

📋 Plan

What is it?
The operational roadmap that translates strategy into concrete actions, timelines, and responsibilities.

Ex*****on Roadmap Includes:

Milestones: Progress indicators

Tasks: Specific steps

Owners: Accountable individuals

Resources: Support and assets

Dependencies: Task connections

Metrics: Success measures

Time Frame: Weeks to months (short-term, project phases).

When to Use:

To convert strategy into practical steps

To ensure coordination across teams

To monitor progress and make real-time adjustments

Best Practices:

Review/revise regularly

Keep short and actionable

Stay connected to strategy

Common Pitfalls:

Planning in isolation, disconnected from strategy

Overly complex and rigid

Missing interdependencies and impact of progress

🎯 Strategy

What is it?
A blueprint for competitive advantage—outlining where to compete, how to succeed, and why you exist.

The 5P Strategic Framework:

Purpose: Reason for existence (mission/vision)

Positioning: Target markets and segments

Proposition: Unique value offered

Power: Strengths and competitive edge

Profit Model: Path to sustainable growth

Time Frame: Typically 3–5 years (or until conditions change).

When to Use:

To align stakeholders around a shared vision

To guide investment, opportunities, and priorities

To determine optimal distribution of resources

Best Practices:

Keep focused on purpose

Simple and clear, no longer than two pages

Refresh when conditions change

Common Pitfalls:

Mixing with operational plans

Creating too often without clear direction

Competing in too many areas without focus

01/09/2025

🔑 5 Major Elements of Accounting
1. Assets

DR (Debit): Increase

CR (Credit): Decrease

Meaning: Tangible or intangible items a business owns or controls. They generate income or can be converted into cash (e.g., buildings, machines, patents, inventory).

2. Liabilities

DR (Debit): Decrease

CR (Credit): Increase

Meaning: Financial obligations a business owes (e.g., loans, accounts payable). Settled by transferring benefits like money, goods, or services.

3. Owner’s Equity

DR (Debit): Decrease

CR (Credit): Increase

Meaning: The owner’s claim on the business after liabilities are deducted from assets (also called net worth or capital).

4. Revenue (Income)

DR (Debit): Decrease

CR (Credit): Increase

Meaning: Money earned from selling goods or services. Boosts owner’s equity.

5. Expenses

DR (Debit): Increase

CR (Credit): Decrease

Meaning: Costs incurred to generate revenue (e.g., salaries, rent, utilities).

📊 Accounting Equation

Assets = Liabilities + Owners Equity

Liabilities = Assets – Owners Equity

Owners Equity = Assets – Liabilities

✅ Key Takeaway:

Debits increase assets & expenses, but decrease liabilities, equity & revenue.

Credits increase liabilities, equity & revenue, but decrease assets & expenses.

01/09/2025

🚨 The 7 Silent Career Killers
1. Chronic Multitasking

40% less productive when task-switching.

Signals lack of focus and respect.

Fix: Time-block work, stay fully present.

2. Promise Management

Small broken commitments add up and define your reputation.

Fix: Only commit to what you’ll prioritize. Always deliver.

3. Meeting Behaviour

Multitasking in virtual meetings erodes trust.

Camera off = disengaged.

Fix: Be fully present or decline the invite.

4. Email Response Time

67% of professionals judge others based on email habits.

Slow replies create uncertainty.

Fix: Set clear times to check and respond.

5. Calendar Management

Scattered scheduling signals chaos.

Double-booking is disrespectful.

Fix: Protect focused time and honor appointments.

6. Digital Body Language

Short or slow responses feel dismissive.

Tone mismatch weakens relationships.

Fix: Match message style to relationship level.

7. Energy Management

Low energy = low credibility.

Constant tiredness reduces output and perception.

Fix: Guard your peak performance hours.

🎯 Bottom Line

Your daily micro-habits shape your reputation.
Small slips in communication, reliability, or focus compound into major career barriers.

👉 Consistency in these 7 areas can build trust, respect, and leadership presence.

01/09/2025

You only have 2 things to worry about

゚viralfbreelsfypシ゚viral ゚viralシ

01/09/2025

Budget → Save → Pay Off Debt → Invest → Build Wealth → Give.

01/09/2025

📘 The Total Money Makeover – Key Lessons

01/09/2025

30/08/2025

If this doesn't make you rich, It'll make you wealthy || Andrew Muthee Gitau

30/08/2025

How To Build Wealth For Beginners