Mwl Mihambo

02/07/2024

15 LESSONS FROM THE BOOK, The Intelligent Investor by Benjamin Graham:

1. Invest for the long term. The stock market is volatile in the short term, but it tends to trend upwards in the long term.

2. Invest in undervalued stocks. Value stocks are stocks that are trading for less than their intrinsic value.

3. Diversify your portfolio. Don't put all your eggs in one basket. Spread your money across different asset classes to reduce your risk.
4. Be patient. Don't expect to get rich quick. Investing takes time and effort.

5. Don't panic. The stock market will go up and down, but it will always recover in the long term.

6. Don't try to time the market. No one can predict when the market will go up or down.

7. Don't buy stocks because you think they're going to go up. Buy stocks because they're undervalued and you believe they will be worth more in the future.

8. Do your research. Before you buy a stock, make sure you understand the company and its industry.

9. Don't be afraid to sell a stock if it's no longer a good investment. If a stock's price goes up, you can sell it and lock in your profits. If a stock's price goes down, you can sell it and cut your losses.

10. Invest in companies that have a moat. A moat is an economic barrier that makes it difficult for competitors to enter a company's market. Companies with moats tend to be more profitable and stable over the long term.

11. Invest in companies that have a good management team. The management team is responsible for running the company and making decisions that affect its profitability and growth. A good management team is essential for long-term success.

12. Invest in companies that are profitable. Profitable companies are more likely to be able to pay dividends and grow their earnings over time.

13. Invest in companies that are undervalued. Undervalued stocks are stocks that are trading for less than their intrinsic value.

14. Diversify your portfolio. Don't put all your eggs in one basket. Spread

02/07/2024

10 lessons from the book "The Richest Man in Babylon" by George S. Clason provides timeless financial advice through parables set in ancient Babylon.

1. Pay Yourself First: Save at least 10% of your earnings before you spend on anything else. This habit builds wealth over time.

2. Live Below Your Means: Control your expenses by spending less than you earn. Differentiate between needs and wants to manage your budget effectively.

3. Make Your Money Work for You: Invest wisely so that your money generates income. Compound interest and wise investments can grow your wealth.

4. Seek Wise Counsel: Get advice from those knowledgeable in finance and investment before making decisions. Learn from the experience of others.

5. Protect Your Wealth: Avoid risky investments and ensure your principal is safe. Investigate thoroughly before committing your money.

6. Own Your Home: Strive to own your home rather than rent. It provides stability and can be a valuable asset.

7. Insure Your Future Income: Plan for retirement and unforeseen events by saving and investing in secure, long-term plans.

8. Increase Your Skills and Knowledge: Continuously improve your skills and knowledge to increase your earning potential and career opportunities.

9. Repay Debts: Create a plan to pay off debts systematically. Avoid incurring new debts while paying off existing ones.

10. Be Persistent and Patient: Building wealth takes time and effort. Stay disciplined, follow your plan, and be patient as your wealth grows gradually.

12/07/2023

Kupambana kwa ajili ya ridhiki na maisha bora ni jambo la kheri, maana tunaishi kwenye jamii ambayo haiangalii ulipoanzia bali ni jinsi gani utamaliza.

Ukweli ni kwamba ipo siku hautakuwa na nguvu ya kutafuta tena, utahitaji ule jasho lako la leo. Hapo ndipo unakuja msemo usemao "Mchumia juani, Hulia kivulini..." Lazima tuhangaike leo ili kesho yetu iwe nzuri zaidi.

Kumbuka, maisha ni yako mwenyewe "Usione AIBU kutafuta kwenye mazingira yanayotia AIBU, maana UFUKARA ni aibu ZAIDI..."

Tusiishi kwa hisitoria ya nyuma tuliyowahi kuipitia maana, Fainali uzeeni.✍

Hustle.

02/05/2023

Teamworks are good, but only when you have right people.

29/08/2022

TEN (10) WAYS SUCCESSFUL PEOPLE START THEIR MORNING.

1. Get an early start. Getting an early start to your day allows you to begin your day with the freedom (and time) to own your morning. Instead of hitting the snooze button and running out the door to avoid being late, try waking up 30 or 40 minutes before you normally do.

2. Clarify and review your priorities. Chose the most important goal and design your timearound these things.
Remember, Time is the geatest limited resource.

3. Prune any nonessential commitment for the day. Choose most inportant things in order to accomplish the vital one first.

4. Exercise. The exercise has health benefit. Movements increase brain function and decrease stress level. If you can, go outside for walk (Jogging), or jump on the teadmill and start out slow. This will jump-start your metabolism and your day.

5. Eat a healthly breakfast. Your brain and body speed are function of what you take in. Reduce sugar foods and increase fruits, proteins and grains to help a consinstent stream of energy without the sudden drop off.

6. Say good-bye to family. It sound cheesy. To say Goodbye is to tell them that you are going away and that they won’t see you for a very long time. Tell them what you are grateful about in your relationship with them, how good they were to you, what you will miss about them.

7. Practice fifteen minutes of positive visualization. Spend few minutes thinking of everything you're greteful for. In yourdelf, among your family and friends.

8. It that frog. Get the tough stuff done first. You've got it brhind you for the rest of the day and nothing else will be difficult.

9. Connect with the right people. Associatiation with positive people in the morning can set up for a positive day. Associate with people who are like minded, focused and supportive.

10. Stay informed. Whatever you prefer any source of information wheather Radio, Television or Magazine. Spend few minutes each morning learning what is going on in the world. Not only will it educate you, it may change your perspective or inspire your action for the day.

By Mwl Mihambo

23/08/2022

Eight (8) things you must follow in 20s - 30s to be success man.

1. BUDGET: Create a budget and use it as a plan for your income and expenses

2. TRACK YOUR INCOME & EXPENSES: Budget is a plan. To handle your money needs action. Monitor yor income.

3. EMMERGANCY FUND: Your need to set emergancy fund so that if anything happens you can handle it. If you have not emergancy fund, any difficulties occurs you must confuse your budget.

4. AVOID BAD DEBT: It is stealing your future. Stop it.

5. INVEST REGULARLY: Set a goal to invest a certain amount of your income.

6. INCREASE YOUR INCOME: You can increase your income by starting a side hustle. Example busness.

7. INVEST IN YOURSELF: Invest in
i) Learning new skills
ii) Getting new experiances
iii) Your health
iv) Self improvement.

8. BE DISPLINED & CONSISTENT: You won't get rich overnight. It takes time and commitment

By Mwl Mihambo

08/08/2022

Jamaa anajua au bahati tu

25/01/2022