1.YOUR MONEY IS EXPIRING
2. BANKS & CHAMAS ARE EXPLOITING YOU
3. THE MONEY GAME.
4. OUR MONEY FARM
5. WANNA BE A FARMER?
1. TIME VALUE OF MONEY
Its an accounting term with many calculations of inflation and interest but simply put:
your parents used 10sh differently than you.
If you want to buy a car worth 700k today and start saving every month 100k by the end of 7 months,the value of the car would have risen to 800-900k
what about your 700k lying in the bank?
2. MONEY IS NOT REAL
Its just numbers on your screen.
Have you ever thought about it.
You take 100k to the bank,deposit in your account(luckily no charges nowadays for depositing cause they need your money)
now when you want to shop something online worth 20k, you end up paying more than 20k, when you want to transfer money to your mpesa,charges,when you want to withdraw and have it back in cash,charges.
Just calculate,if you were to deposit 100k into your bank account now and after half hour withdraw it via mpesa elsewhere,how much would you actually get?
why dyu think stocks of financial institutions are always green?
so you ‘saved’ your 100k with the bank for later use or safekeeping.
they give out a loan to someone and charge him 16% interest p.a so they have used your money to earn them money and if you want your money back,they give you less.
incase if you have FD which is the stupidest move iv ever seen someone do,then how much interest does one get,8%?
consider that by the time it matures, inflation would have hit you hard and now that 100k is only worth 70k
read on,things get simpler i promise😊
NOT GUILTY CHAMAS FOR THE GULLIBLE
By now you have heard and know of someone participating in a chama or a merry go round,if you are into 1 i suggest you understand this point very carefully.
One of the reasons people play this money game is coz they want to save for later maximum usage and it does satisfy you when you get that lumpsum collection but what is your plan with that money?
Imagine this,the starter of the chama gets a contract to supply detergents to a hotel every month worth 150k, he needs 100k to buy,prepare and deliver those detergents and make 50k in profits.
so he gathers 10 people to invest 10k in a chama and he collects the first and you who gets the promise of 100k after 10 months get excited and start planning how to use the 100k🤗
he takes the 100k,makes 50k profit every month and might invest in something else also, when month end comes,he gives out 10k,
assuming he does only detergents, by the end of 10 months when you receive your ‘expired’ 100k he has made a profit of 400k
this is how the financial institutions take advantage of our naivity.
3.THE MONEY GAME
Being at the right place at the right time and having the right knowledge is the secret of the Rich.
i know a person who made billions overnight because he overheard someone was coming to kenya to buy something.
that night,he went and bought the item and the next day sold it for double the price.
Imagine one guy has a rich uncle who owns millions in the bank. he borrows 1m only for a month. Has connections with someone who knows companies that buy airtime for their staff.
goes to the staff and buys their airtime for 30% in cash and sells it in the market to dealers at 50% who then sell it to retailers like us at 80/90%
he has already made a 600k profit with that, if he is quick enough he will land another such deal,mayb the detergent one,or eggs or chicken supply and flip that 1m into another 1m.
now he has to rinse and repeat the process till he has about 4m to invest in a flat and rent it out.
fixed income stream generated.
4.OUR MONEY FARM
Am about to ask you to invest 10k every month in our business but before that,i wanna give you an idea.
There are many people in whatsapp groups selling so much stuff.
Go into one,see what you like,negotiate,then put it on your status,broadcast to all your contacts even put it on olx, get a buyer, buy it from the seller and make your money.
its that easy, but is it now?🤔
Anyways, last year,i,Hasham the founder of khaira ummah had an idea, of bringing in investors to grow and expand our tiny business which i started from my bedroom when i was rendered jobless for standing up against ribaa.
Alhamdulillah i got 53 people who trusted me with their money,
collection took time,and then we got some challenges at port,but Alhamdulillah we started selling in mid march,and by end of April, with our 1:2 ratio,our investors got an ROI of 5% that month and in the remaining 4 days before we close on 24th inshAllah ul azeez were hoping to achieve the same 5% this month too.
so if someone invest 10k with us,they now have 11k without any effort and not only that,they have also given sadaqa of 1k.
My principal has been of following the sunnah, the left hand shouldnt know what the right hand gives, thats why despite having done hundreds of contributions and appeals,we have never publicised them for likes and comments.
However after forming the non-profit we might have to show some for PR purposes.
I founded Khaira Ummah to gather entreprenuers who will do business and from their profits, help the needy.
I dint get anyone who would stand up to it,but alhamdulillah got a few clients and friends who whenever there is an appeal they come forth,may Allah bless them.
my business model is to share the profits out to where its needed the most, i.e our akhirah.
Alhamdulillah after 5 years of doing it alone in my room,we finally got an office,finally registered a company and a non-profit organisation and we will be having 4 people on our payroll excluding me.
Asking for donations from people everyday is hectic and can be disappointing and discouraging,hence i decided why not do such a business where we can dedicate the proceeds to charitable works.
we used to help out in all and sundry cases but as time and events struck us,we filtered it out to helping and educating orphans and reverts and we have already started work in Deep Sea slums.
By contributing your 10k every month with us, not only will you be saving your money,you will also earn dunya and akhira from it.
as for dunya our % will rise from 5% going upwards inshAllah because of our future plans, but eventually it will all end up in 0.
when death comes,everything is 0.
but the knowledge which our sadaqa will be imparting will be a sadaqa jaria a continous reward which can have returns of upto 1 million %
you taught an orphan who became an aalim who taught 1000s, all their amaal,you will get the thawab for it.
what a deal,subhanAllah
5.WANNA BE A FARMER?
We are looking for 90 people who will give 10k every month in the first week of the month,if all turns out ok,we can start off in june,or else in july.
Your 10k will be invested and profits assigned to it whenever business is done using that money and 33% of the profits after all expenses will be put in your account.
You might think getting 500sh a month is little,but consider the fact that those results are based on 53 people who did a one time investment.
You ars going to be giving every month,means the capital base will be growing which means sales will grow at the same rate and expenses will remain fixed others variable.
i cant really give you an estimate figure but if things go as planned for the old batch,then in july they might make a 10% ROI,so you can imagine where yours will be inshAllah.
We are not a bank dealing with fixed rates so we cant really estimate but yes so far in our 5 years time,we have not undertaken any loss making project, because Alhamdulillah,khaira Ummah was formed for the sake of Allah,and is run putting Allah as the goal.
What if you want to stop or one month you are tight and you cant contribute?
The rule is that if you break the cash flow then your savings will be returned to you excluding any profit accrued because as a result of you withdrawing,it can cause losses on our side as all the gears have been set in motion, so if you want in, make sure you have a *DEDICATED* slot just for this purpose.
what if you dont have 10k and still want to join?
Get a partner,join forces,however you will be registered as one person and the same rule applies.
When do i get my money back?
After 1 year when you have saved upto 120k,you will be given your 120k and the profits accumulated.
If you get an emergency in between and want to withdraw,need to give atleast a months notice, and the same rule will apply,you will just get your principal amount.
How many shares can i take?
each share is worth 10k, one person can take as many as youwant as long as you know and are sure that you can *contribute the same every month*
this is very vital!
So i have shared with you 3 business ideas up there, the 4th one is plant your money in our farm and enjoy the fruits in both worlds