 Welkom to Ina Yadrege. Hashtagye to always it's Ina Yadrege. If you're joining us now, we have a guest in the studio. The guest in the studio is called Michael Thoto. He's the programs and content manager in Centonomi. If you've ever heard of Centonomi, it's a financial institution, correct? So Mr. Michael, welcome. Thank you so much. This is Ina Yadrege. Nice. Ima kwa bamba. If you're feeling the vibe, bada na za kula mziki. Ima kwa kuna kula, DJ Derege amitu pelaka vizuri. Thank you for giving us this opportunity. Thank you also for allowing me to come. Yes, you and your team Centonomi. But before we can start, maybe you can just introduce yourself and tell our viewers out there maybe who is Michael Thoto. First of all, before I introduce myself, before I start, tell us good to give thanks. First of all, I'd like to give thanks to God Mazi. He's the reason for all this. So first of all, we thank God. Also, I thank my team Centonomi. Thank you guys for inviting us to come here. And also last but not least, I thank the guys watching us at home. So I want you to give thanks. So first of all, give thanks. And then now, introductions. My name is Michael Thoto. What's your name? Mike. Mike. You can call me Mike. Just to make the conversation easy. You can call me Mike. I work at Centonomi as you said. I'm the Program and Content Manager. You can call me Mob. So in short, when you ask me what I do, I say I'm a teacher. So at Centonomi we teach people about finances, about entrepreneurship and about career. So that's what we do. And our mission is to shift the minds of purposeful people out there so that they can start creating wealth. We also have conversations with our people. We shift minds from home to different people. So that we can start creating wealth. We will start because the aim of you coming to the show was to speak to each and everyone who is watching right now, even me, to understand about setting resolution and succeeding them. We can just explain to us what exactly resolution is kwa wili mtua maa kupalimtana, mese maa tu zungumze kimta labda wili mtua maa kupalimtana ni resolution labda ni ni ni kwa maa na iya juju Resolution ni, ato tzene ni kei ni ume moa kuwachiv, ama kuwanteen imoa ka ama iwi ki ama ima manzi whatever you set out to achieve, or whatever you set out to resolve nwa ziowa So i consider what the resolution was I miss ju juwa resolution ni koni ni nini yuayutから iya yuhtona Iyanyi nuen bhi virtue, na ?] contempta, tu nasahكsa, unaiformuュka, barrel and bumie itto 2021 Yineki ni這樣 ni gata mi resolution heraikan ni carbonara kwa kuwrona kahika zetwa si dur Guiland Secret pari luke Bible peri luo Lady kwa karta maa karahet First of all, if you don't have resolutions, then I don't know, there must be something a bit wrong with you because a resolution is, onajua resolutions must be mangawa because of the new year but a resolution is like a goal, you know, it's like what do you want to achieve So without goals, onajua must be maagi, who are you without goals, you know So we have to have goals, just that we see resolutions for the year but in real sense they are goals, what you want to achieve and I'm sure everyone has a goal, everyone has something they want to achieve and you at home watching us, whatever your goal is, whatever you want to achieve let me assure you, you can do it, and I will tell you how Okay, so because you say you can do it and you can tell us how Before we just think into how you can tell us how you can succeed to your resolution Maybe resolution, do they have maybe a range of time in terms of, let's say I'm setting a resolution for a year, I'm setting a resolution for two months Yes, resolution, kabu goal, let's make when your timeline onajua and at Centunomi we always advise people to start with the end in mind We have to say, what your resolution is what you want to achieve, you work backwards So let's say for you Mali, maybe you want to buy a car by the end of 2021, or maybe a second car or buy a house whatever your goal is, what you want to achieve First of all you have to know it Now if you already know it, now you start working backwards you ask yourself, how much is it So the aspect of funds will get inside Definitely, it depends on the kind of resolution Kama ni kituya kununu wa lasimu kwenafans Kama ni diashara lasimu kwenafans Lakin ni kama ni kama jim, kama kama kunduzwit Lazi moku lesana Lazi moku lesana, ama piya kuhu edu kindi Lazi moku lasimu kwenafans Mati na tegemi another kind of goal Suza kama tu seme kununu wa gari, ama kununu wa simu Una jua, lasimu jue ni simu ganiwa ta kununu wa Ta kununu wa isimu, isimu ni how much Aya, ita ni cost this much Now how long do I have? So kama isimu ni 60k, ni kuna 12 months Is it 12 months? What can I do each and every month So that at the end of the 12th month Ni kuna edu, ya kupata isimu Resolutions, ama goals Una jua, they are big things But now how we can achieve them is breaking them down Una we need to break it down Ni nini wataku wachiv, ni wen wataku wachiv How much will it cost you And now you work backwards And then you ask yourself So what do I need to put aside Every day, every week, every month So that now I can achieve this goal Of buying this phone So with how you have broken it down Taim, maybe aspect of funds So that is how maybe you can achieve Or maybe you can be successful in what you're planning Or maybe how can someone back at home An asema he wants to, he has resolution May be set for 2021 How can he achieve them Because I believe kuna watu palimta ani Ama watu piya sisa tansuna pata umeset a goal But it's not coming to an end Successfully, how can you achieve it So first of all, as I've said Goals can be big, you know Can be big monsters so that they also scare us Una jua So what you do, this big goal That you want to achieve Close it on your bags Big auditions goals This thing that you want to achieve They are big So what you do so that they don't intimidate you You just break it down Kidugu kidugu kidugu You see what you can do each and every day Una jua Each and every month So that at the end of the day These small steps that you're making Doza taku fiksha apu kwa yun ja niya apu Laksasa wacha ni kwa mbe One thing people do so that they don't achieve their goals Niku se maa Laksasa last year ni kwa na goals Siko zi achieve Asa muna ni set goals tena Una jua Is that aspect of giving up Asa wacha ni kwa mbe Ka mauna taku kwa chivi o goal niya kwa And you know what it's going to do in your life Laksu now push you Una jua Se mene yo mambia simutwa takubai Se maesasa tu me break it down 60k 12 months So each month ni 5k So 1st month tu me kwa 5k 2nd month tu me kwa 5k 3rd month Kidugu kidugu Kakitu kwa me calm Una do tu me to me Asa wuna say maa Asa asa account achieve my goal So this aspect of Una jua Kujiyango usha kusimasa Sezi achieve kusimabu Kusimabu eikitu me calm So what you can do Una zaji kaza Una zaji kaza Next month ni say 7k Una jua Amo jikawa To cover up Amo zeme Instead of December Isimuntai bai January Una ona So that asa E goal badu ego Laksu ni asa Una jua setbacks Me come So asa una deal na yo setback Iso setbacks na yo zina Fanya nga watu sasa wana aguka kabisa Wacha ni washu Una jua rasta waka wana Sema nga rasta man never give up Ya rasta man never gives up So asa e yo nuina takama zi If something comes your way See Push yourself up again Pick yourself up And then start again Una jua Alas asa kama ni yo 12 months So asa make it Kama wuna naita e kana Push it to 13 months Don't Uzi yangusichi ni kabisa So you saying that If setbacks Or maybe obstacles come in Ya You can also You can just draft it again Ya It's possible Go back to the drawing board Uzi me ay Isi muli kwa ni by January Ya December la kini wana kuna einda Aitai zi kana Rapa wana jupia wana unangale wana Reality Ya So what you do Kama zi yo December Basi January Ya It's one more month At the end of the day Ya Kama wana yo one more month Ya Uzi muna itaka Uta sacrifice na utenile kusim Na utapata iyo siya me yako And maybe just to To understand better Resolutions maybe Do we have types of resolutions Or it's something each Ume fiki ria tu wemo nye e From your aspect of view Una taka kituflani Or maybe kuna types of resolutions Maybe when you start to dig deeper Kula types of resolutions Nizi zina kwanga Una jizni personal Kama weves Mimi yango resolution Yango mini kuna resolution kada Una taka kuna yongize Kawiti ki job Uta taka piya ni omoke maze Una jia ulaza maite Ulaza omoke inaya Greg Ulaza omoke inaya Greg Ulaza omoke even mo ulaza Una jia So you have to have resolutions Ulaza Nakini sa zi nge zina kwanga personal Okay So sa zina digemea Kama ni finances Kama ni biashara Kama ni ki job Okay Kama is your relationships out there Your family Maybe with your loved one Una na So it depends It's anything Resolution yako maze Niza kwa ni kugif thanks to Una jia kipata wa zi Nimeshkuru sana kukupata Una jia Una jia wa zina good vibes Una jia Una jia That can be a resolution Una nasa sa iyo na iyo mamba yasimu ni different Ni different Iyo na kwa ni biashara ni different But iyo fili muna chamsena Kugif two times Una jia You become a happy person On the end of the day And now you affect the people around you as well Resolution zi different Aki sasa una digemea Ni ni nina taka Una jia Tringe mamba yadu Pesa ni nina kwa nga Nina kwa nashida sana Actually that was the question I wanted to ask In regards to Mostly resolution zi to sana Nina kwa nga in aspect of Chapa Pesa So do you think Mostly kama huna do Always if kakuya resolution Or maybe do you have a draft on how Someone can Chippin And make your goal Kwa successful Sasa There is a way now You can now make that Goal become successful Like in terms of money I don't know if your Maybe your resolution this year Is to save more Or maybe your resolution Is to start investing Una jua Now you need to be very Very Una jua Ukuya actual Mimina taka Kusif do So that you can Kama ni yosimu What we always tell people At Centonomi Tunambia kawa say The first thing you need to do With money is to Is to pay yourself first Okay Pay yourself Pay yourself first Jilipe So nanda maali na jibomoa Sasa skiam kamao ya Kujilipe ni vivi Kujilipe ni vivi Kujilipe ni vivi So nanda maali na jibomoa So what you do Una kama gava Gava the first thing it does It pays itself first Okay How? Taxes Ok Ukinu nwa kitu Gava isha chukua tax Ukilipo mshahara Gava isha chukua tax Gava isha jisot Asa wewa wu jisot Asa wewa wu kilipo mshahara ya Uki fanya biz Uki fanya boka Uka nene shungle ya Uka nene shungle ya Uki pata do Save First Before spending Oh save first Yes So that is what we say Pay yourself first Kujilipe una jihani Actual pay yourself Umi pwa 20k Chukua tawatano Eka kandu Eka kwa savings account Eya do kujilipe ume jilipe Nice one Yes So first thing we tell people Is to pay yourself first How you can pay yourself first Is you have to start by saving Okay So save and then now go and invest Okay Right So pay yourself first Okay Pay yourself first Nice Saving Uki pata do If you are employed especially Yes The first thing you do when you money checks in Tuma kwa accounting ini Nami wambia wa say Have at least two bank accounts Onajwa Ya kwanza ni savings Ini ni current account Onajwa current account ini yaku fanya shungle ya Yaku nasupaku swipes nene nene Ya kuli pa fair Ya kujibamba Pa napa napale iu ni current account Saving account Is why now you pay yourself Ono ana Na wezi fanya iso Iso witumbili You can't pay yourself and invest And save With one account Onajwa True, you can't do that Wezi kukuna save kwa ya account Because you'll be going and spending it Ya So what you do is First of all get two bank accounts First one is a savings account Eka kando Ini ni current account Eka kando Separate these two accounts ya So kipatanshara Penaka moja kwa Saving account Eka kuli Sasa percentage nivaya uta gandia Depending on the goal That you want to achieve You want to achieve Yes, kama ukili po 20k Kama waka kwa 10k It's you Nivaya uta moa So long as you put something Okay So first things first Pay yourself Secondly Secondly You need to Track your spending Track your spending Okay Uki abukasubu iu kitoka kwa hao Jumitoka kwa hao na pesangapi So much of you left the house with Okay And then It's a navery coin that leaves your pocket It's a navery note that leaves your pocket Iyem pesam na tumanini ni Write it down, note it down Note it down, note it down So last for them is the day Ua kuja ura pigasabu Nini li prefer chwani Nini kula pali chipuna kuku So 32 Nika pesiwinani ni Nika kia msi apo 20k Nika lipa Chwani nginia kufikamita So leo ni may spend Punch So each and every day Niki kitoka kwa nyuumba Kamani miitoka na thao Na jua nafa kujua By the end of the day Nafa kachini li pigasabu Wacha ni kwa mbe Which is the most Successful company In East Africa Size In East Africa Is Safariko Safariko Safariko mo nakuwa Naki jitu a budget Okay Na yu a budget Onaku ukuna budget Ya have a budget Sasa ununa But people don't have budgets Okay Na sasa ee budget rito kusahidi ya Jo budget Sasa kama ununa naki Nuna spend each and every day Yes Lajma sasa ununa andi kachini Okay Sasa kama Safariko bina juanga What it spends each and every day Where were you at home Why don't you do this So kindly kindly okumtaani Nunu wa diary Nunu wa diary Ama na juwa squeezy Tuko digital age Download a spending tracker up on your phone Okay You know you go to IOS store Google Android And you need a place store Place store Enda tuwa spending tracker Expense tracker Download it Okay Each time you spend money And take her up Input input input Alafua the end of the day Ununa check ya The end of the month Ununa check Okay Na usisa e mi hati Uteji danganya So that you only write The most important things Atuki Utekula smukiapote And take her up So each and every detail Over the month Pesa piki toka Yeah When money checks your account Or your pocket Or your wallet Yeah Note it down Now this will help you Um To see where your money goes Okay Una juwa maze Una tokanga kwao Na tao Una rudi maze Ukula wanicoan True Una shanda e pesa Enda api Yeah, yeah, yeah, yeah So this aspect of tracking your spending Yeah Now you will know where your money goes Okay Sasa apia wewe utanza Kujia ngalia Ilistia ko Uhuh Ujulize Are these things really important? Yeah These things that I spent money on Yeah Are they really important? Okay Una juwa Yeah Neza punguza ni ni Una juwa So that I can also now save more Yeah Now go and invest Okay Yeah So those are the two steps One can follow Yes To become successful Yeah Amazing And guys out there Na juwa na lan Nimone na lan Sana Kwa saikitia kwanza mmbia I pay myself Yeah I have to pay myself And secondly Guys to make your resolution better And successful out here Because we normally set Resolution each and every day Yeah You need to spend You need to To track Yeah So Hey In that particular aspect of Tracking For For Awimtu mmbia maybe He's not digital Because I believe kuna atu amposi Digital and all that And also he's not Maybe getting Monthly income He's a business person Umutu anapata Pesa hindi anapata Na hindi anatumia kumunglisha Labdawa toto kumunguwa The day to day How can he overcome that? Good Sasa Let's talk to the People in business On top of business I'm on top of campus People who get Inusamanga Irregular income Onajwa Inkanya kwa ki Monthly Irregular income Irregular income So na hukonayo Keshawana Onana Na unapata Taukubi Keshawana Taawana Keshawana Irregular income What you need to do Is you need to regularize It yourself Now If you're in business out there You need to separate First of all Separate your Personal money And your business money And how you can do this As a business person We This is one thing that Business people don't do They steal from their businesses Because You steal from your business You steal from your business Because you don't pay yourself A salary Okay Onatema At the end of the day Ibizu niyangu Ibiza niyangu So na hukonayo So you're stealing from your business So what you do as a business person You need to Employ yourself Okay True Now You know each and every employee Na kwa gana salari Kwa ili Sasa jilipe Jilipe Jilipe salari Sasa isi salari Should now be taking care Of your other things now Sasa apu kwa salo yako Konyuma toa kwa Ibizu Ndo na Ndo sasa wuna lipa nuba Ndo na Ndisha kula Una pene kawatotua pana pale Yes So as a business person Out there Pay yourself a salary Okay Uzi tukwa profit At the profit Nime uza panchile Uzi panchile Not really, just pay yourself So pay yourself So when uta muwa Uta uto kuna jilipa how much Okay You know your business You know how much you make You know how much you make in a day Una za jyemo Kujilipa wages Una jwa Wage nili a daily Ujilipa ngeda daily A mo jilipa Kamabizi akuni advanced Una jilipa monthly Ono ona Amazing So as a business person What you need to do Is you need to pay yourself a salary Yes Employ yourself yani Ono ona Yes Asa wewe jilipa Yes Asa ukifanyama Asa buza biasara Yes Una jwa kuna Kuna income And kuna expenses Yes Asa income ni sales Nini nini Uzi nili wutu wu na uza Uzi nili wutu na pata Yes Asa expenses Nili wutu wuna lipa rent Pale Uda lipa steama token Nini nini Asa apoko expense You should be an expense yourself Yes Asa ekas salariya Uma apo ni expense Okay and secondly That's how you pay yourself So that's all Yes So as a business person Pay yourself Pay yourself Yes Don't steal from your business Wezichukwe tu do Atii dodi Ambu bizli Ambu at the end of the day Apana maze Pay yourself Jike kama expense Okay Kama wu nili panga token Kama wu nili panga rent Yeah Pare jilipa apom se Amazing So guys I know kuna Kuna business I'm a business person too And something which you normally forget Is paying yourself So guys That is one of the important aspects On how to become successful In everything you're doing So guys tumelan And Natamanisana tunge kuna Time to on game Mr. Mike But I know Pia time is not on our side I really appreciate for you coming But briefly Maybe What exactly can you tell The youth out here Or maybe who is Someone who is almost here And maybe give us Your social media handles Maybe briefly Yeah First of all again Me mene mi amoa Iboa kan ku give thanks Okay Thank you for the opportunity maze We really appreciate Thank you for the guys at home Yeah You know Now First things first guys Pay yourself first If you're employed Ukilipa Save Okay Invest I'll then now go and spend Don't spend And then say you'll come And save later Zee Uwita tuni utu bia yote So pay yourself first guys By saving and investing Track your spending Ukitumia 20 leo Andika apu Ukitumia 5 Andika at the end of the day You know how much you've spent Yes Right Now if you're a business person Pay yourself for salary Yeah Right Make yourself an expense Just like rent Just like electricity Andika apu mae salary Okay Right Now For the youth out there Yeah For those of you in campas Najo Mene mi niko kampu Misi pati do I'm not employed What do I do I do I do I do I do I do I do I do allowance I do pocket money Yeah I do pocket money I do allowance I do salary Okay So if you pay You can't pay So probably If you pay 5 leo Yeah You can't pay You can't pay You can't pay It's not so large Okay It's not so big It's not so small Yeah So whenever you get money micheva sos ape kama ni sponsor nitu wunajua pay you self first admi siete kujo lakini wu sihiba ya when you get your money first thing you should do is pay you self first kama ni salo kama ni biya sheara kama ni allowance pocket money wistuki kwa hawa nia yo tau me pewa idute into miia ote toka jilipe kwanza eka wunajua eka kwa mshwari lok savings wunajua lasu sa toka kwa hawa enda pingam boka ya ko shugli ya ko Uta pada badu il 응adu ya kwa yukkwa Iqatilio! Khajali Þu kwa iti ufusitia Usan replay Uta omokam Inmeyakama Uta omokam Niki kama The guys watching us out there If you use Kamana ni brackets ya use Kamana ni mi Mi baduna mini mini use Baki use 17-24 yi Check us out centerumini.com Check us on social media Instagram Centronumi IG Facebook Centronumi Centronumi campus edition We have a fantastic program devil to save out invest were you can invest now, next week Saturday come my trekwana event Mazi and we will be talking more on how you can grow your resolution so next week it's 16 January from Nochong 10 A.M. WW.centelomy.com Check your commenta now Lupu 2 Patinapu 16 Januari, tako satu 10 Zoom, I-9, I-8, wajuwa, lik, I-9 wajuwa ya Login But, wukitaka, visuri Just follow us on our social media handles, platforms Twitter CentUM how me CentUM IG on Instagram CentUM Facebook CentUM midnight tela F follow us there And get this and much more info on how you can better yourself You know, in finances, in business, and also in your career Amazing, amazing, amazing Mr. Mike Mazi ni kuna manager pana bonga sheng ni haje Ya ni nafili, ya ni umaneja But ameni funza mingi na najopi, ame kufunza a lot maze And thank you for coming, thank you for giving up Thank you for having me, thank you for inviting me Mali, I challenge you, invite me again And I really appreciate najopili mta anyu me lan maze suko sababu, lazima tukule madoba lakini piya lazima tukue edukete Sisi kama rasta, sisi kama mayut, lazima tukue edukete So najua, with all that, paying yourself kwanze yon de ki tumana ni me lan najue yon de ki tumba wu maipata sana So guys, continue talking to us