I found this interesting. How people can spend money given the same amount. Likes in the case of the parable of the talent where one wealthy man entrusts his wealth to three stewards.
For instance given 10,000 shillings. What can you do with that money?
Many people will end up using the whole amount satisfying their daily needs.
Here's my view:
Taking the value of money currently and based on the history of economy, that 10000 Kenyan shillings will have less values ten years to come than it is now.
What does that mean. If for example one takes a mortgage from a bank and pays every month, mhhhh it might seem as a Good idea but at the same its the worst idea.
What if i could take that money I pay every month to clear the Mortgage and starts an investment?
That seems to be a good idea.
The Business will be inclined with the economy. Meaning the value will be proportional to the economy.
Making good business plans will see you through recording lot of cash than taking a mortgage or a loan.
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