 And if it's Tuesday, most definitely we know how you do it. It's Entrepreneurship Tuesday at Y244 channel is where you can find us across all our social media handles at Michelle Ashira is where you can find me across all my social in this particular section. We dive into an interview that looks at investment opportunities for low income owners. And in this case, we're looking at mostly the youth. So I'm joined with James Mugoh who is a property value and real estate investor advisor. Thank you so much for creating time to be with us. Thank you, thank you. So for the for someone who is meeting you for the first time and I know I've given a little bit of what you what you do, which is in real estate and matters pertaining investment. Tell us what's your educational background and where it all began? Well, that's a that's a book by itself. Briefly there. Thanks first for hosting me this show. It's a great honor to see that you're doing something great for the youth. My name is James Mugoh, as you have said, but on social media, I'm called James Prody. It relates with what I do currently. When I talk about my background, it's really diverse, because in education. I'm a graduate in management of information systems. I see I see it, but currently I'm doing real estate. So there are two different areas, but I see I see it also comes in handy in matters real estate. So I want to I want to it's a really very different kind of an area. Yeah. So how did that transition happen? When did it happen that you go into matters pertaining real estate? Previously, before I joined the company, I'm working with currency. I work with Optiven as a property advisor. But before that, I used to work outside outside Kenya. I was in Burudi, DRC and South Sudan. So I was doing business in ICT. Then it happened. I had to change and to switch due to the civil war in South Sudan. So when I came back to Kenya, that's when I met with the CEO, George Washington, he used to be my mentor previously in business ideas. So when I came back, I had to join him and work together with him. All right. OK. So now the conversation of the day, which is investment opportunities for low income analysts and in this case, you're looking at the youth. So how can I invest as I am person? And at what particular point do I know that I'm eligible to be able to invest? I think that is where most of us at youth are missing. Because we don't know when to start. But I always tell people if I knew, I would have started when I was in campus. That's the best time. The moment you're getting your pocket money, the moment you are still in school, you are able to save enough to start investing. You can do some small businesses, you know, when you're still in campus or in college to save enough for you to invest in your first investment deal. The challenge comes with the we call them the four W's at one age. When, where, why, with what and how do you start? Especially the how. Yes. So there's no age limit for the youth on when to start investing. But you can start from the first time you start making some money. That's why I always tell guys who are in college and in campus, think of different business ideas you can do in campus. You know, like I was you when you was in campus, campus, it was it was leading magazines and books, you know, at the cost. You can also do a lot of work. You can do content creation, you know, some those ideas that can generate you some small cash. Then you need to identify a genuine agent that you can deal with. In this case, I'll say the company work with, you know, that we can assist you now to start a journey and start investing. And something else, how don't look for something that is beyond your budget. Otherwise, to answer, which I'm going for, the racing or, you know, heart failure. Yes, all right. I think now the best question to ask is the investment opportunities that are there for young people when it comes to just the therapy. Because when you look at young person who is just starting to work here and probably they have a student loan and like these expenses. So literally every income they earn, there is expenditure. It's almost like I don't have anything to invest in. So what are these particular investments, opportunities that will be of good benefit? Investment is diverse. When we talk about real estate itself, it's really diverse. For a youth, it's always good to have a ratio on how you plan your money, the amount you spend on your expenses and the amount you can save. The same way we we got some money for the type, you know, every time you get your money, you could these are these are these are less you give for type. These are less you give for length. Also for investment, included in your budget, in your mother's budget. Currently you can get something like we can say something for capital gain. You buy a piece of land somewhere, not very far from the city, maybe in within the distance of radius 80 kilometers from the CBD because that is still within Nairobi, metropolis. Get something that is not very expensive, between 250 to 500. Start saving, paying for it, you know, with time you'll be able to own something. And by the time you're done with campus, by the time you're doing your first, your second job, the value of that piece of land you have already appreciated. Another idea is to invest in a car wash business. You can you can lease a piece of land that is just next to the road. You lease at a small price, then you set up a car wash. Just get some bijana who will be doing the cleaning business and you'll be able to generate an extra cost for yourself. So basically just start small with what you have and what you can just even if it's small, starting a small business and everything. Now, let's look at this. This one has been thrown around when it comes to insurance companies like the investing in market, in money market funds. What is that? And is it a low risk option? Every investment is a risk, every investment. Merit be motor-dealer business, Merit be salon business, Merit be the capital market. Every business is a risk and an advice for the youth. You need to be prepared for anything. You know, you can either make it or lose it. You just need to be set. When you come to the money market, the way most of the insurance companies are doing, I would say it's a high risk. It's medium, it's moderate, you can try it. But if you feel you're not comfortable with it, you can go for till bonds in with the government or you can buy shares. We have a number of companies who are selling shares and they can make you good return. The only thing is you don't need to be in a rush for you to gain, invest and wait. Now, you know, it's not like get rich quick. Yeah, you need a lot of patience. So you buy those shares today, then you have to wait for two, three years. That's what most of us want things to just happen real quick. That's what's keeping most of us from investing as well. Because you want to invest in something, then you want to sell again tomorrow and make a hundred percent income, which is not possible. You can never work like that. OK, so before buying shares, how do we even go about just as a person who I am so clueless about financial literacy? How do I go about just learning the process of buying shares and the prices of just to know that these particular prices and how am I supposed to like sell them in the near future? So what is the process look like? We have a number of stock brokers within the city. I'll not mention their names, but maybe I can link you with some. You host them for the next row. We have a number of stock brokers. Now, when you interact with the stock brokers, they first give you the prices of the available shares and how you can dispose the shares. They also advise you or not to open a city's account. That is an account that you'll be trading with your shares. So it's a process, but it's not that complicated. It's not like a locket sales. They'll be selling they'll be selling shares on your behalf. So when you buy this, this company's shares, let's say you buy James James Prothyshire today. And the value goes up, let's say, in another six months. They will advise you. The stock broker will advise you or tell you, you can dispose of your shares now and then you can really invest in another one. So you always switching in between the different opportunities available. Speaking of all those opportunities, we have scenarios by this issue of credibility. But you just I think this is also one of one of the fears for young people. Because if I have I've saved this particular amount of money and I want to probably buy shares, put my money into the they just investing in probably high yielding funds space. So I'm so much concerned about at least people credible. So how do we go about knowing who are the JIT in this particular business? Because we have so many scum stories that are always popping up. I stock broker is a registered entity. And they are trading on behalf of the Nairobi security exchange. So when you involve with them in the latest to inquire out, you can also visit the Nairobi security exchange. They open and they can advise you on which company you can deal with. So basically, we just could you do as young people? I always say any investment, as I told you, is at risk. But before you invest due diligence. Everywhere, even in our business in real estate, due diligence will save you. Otherwise, if you do it, see the key here, you lose. Let's look at it. Would you consider the common charmers? But we just gather as a group of friends and you decide that will be distributed. We'll be actually giving a certain certain amount of money and then it will be like a go round situation. Is that a form of a good investment? It's not about the investment, but what is the purpose? What is the goal? What is the vision of the channel? Is it just investing? Then these are the camps you bought the money. You buy some bills of hunger, some crooks. That is not an investment. That is what you can call drama capital. The president, you know, you're just giving your money to it's like there's no interest in fact. But if this channel has a vision, like we are saving money per month and we'll be able to invest in ABCD. We are going to, you know, save money by a piece of flat, by a piece of a flat. You see, then dispose of in a few years. And that is investment. But if you just contributing money without a purpose, without a name, without a goal, then I would advise you come and show you another avenue where you can invest. Another scenario will be a young person who is now on a payroll. They are able to be stable and then they have they have good amount of money. So they are contemplating, should I buy a car at this particular point? Because my friends will be like, you need to have a tea to just, you know, move from one place to another or should I buy a land? And I'm thinking because most people, young people when speaking about land, so it is that I'm not yet there. Like it's probably in the near future that the amount I have, it wouldn't be enough even to take care of that land. But when it comes to a car, it would be like movement, you know. So which is the best option to go with in that scenario? I also drive. So I'll not say that buying a car is a bad idea, but you need to budget the size of a car you're going for. You know, how much are you investing in it? What I've been advising young guys, you can get a small car you know, convenience is all we need. It's not the size of the region, you see. You can get a small piece, a small car. Then when it comes to real estate investing, maybe you are renting somewhere and you want to have your own compound. You can buy a piece of land and start building. Or else you can go for option B, something called mortgage. You go to a place like Lavington, Grimani. There are nice apartments which are up for sale there. You can check on www.pmcestate.co.k. They have very nice estate. Then you get a piece there, be paying on a motherly basis. But you own it, you see. You're living in the apartment, but you're paying for it. Then in a few years, you'll be owning a piece of land in Lavington. You see, you can also rent that out, you know. You have a car, yes. You have an apartment, you rent it out, you know. You're making an extra coin, you see. And then in the future, now you can buy a piece of land with Optiven and build a home. But at least you have invested somewhere. So I won't say that a car is bad. Driving is not bad. I love driving myself. But I always go for the smallest CC. Yeah, because it's also depreciate in earlier years. Yeah? When I buy a car, I always go for the smallest CC ever. Then I look at the balance of the money I have. I invested somewhere else. All right, that's good reasoning. OK, so we've looked at a couple of alternative forms of investment. We've looked at money market funds. Then we've looked at investing in high-yield funds. Then we've looked at shares. What are the couple of other investment plans for people who are earning low-income, that is? OK, first, we always say invest in yourself. You help first, get an insurance cover for yourself, for health. Just in case of a rainy day. You never know. The second one is education. Invest a lot in making yourself better, the better person than you. So it's always good to go back to school, get a lot of books, learn. The next option is real estate. This one, I'm crazy about it. I can't go out of the studio without talking about real estate. Get a piece of land, get a piece of house, get a unit somewhere. And there's something I learned from my CEO, Mr. Jojo Ashiori. He told me every month you wake up and you don't have a mortgage you're paying. Then, no, your money is not in good use, you see? So for young people out there, they're making some money. Get a mortgage, get a house, get an apartment somewhere. Just know that even if you are living maybe on the car road, you have an apartment that is earning you money. It's somewhere like clean money, loving thoughts, somewhere. If not so, buy a piece of land, build a home, rent it out, always make some extra income. Property value is always appreciating. It will never depreciate you. You may see all these solar babu on social media or whatever, but real estate will never depreciate. I've been there for the last 10 years in real estate. I can tell you I've never seen any single day that the value is going down. Other things, maybe you can invest in. We'll talk about shares and stock. Maybe I can also advise on other business ideas that can generate your cash. Get a number of business ideas. You can check on my broc, jamesmogle.brocspot.co.ke. I've shared about 50 business ideas one can take and they can be generating money for you. But there I can tell you, Michelle, there's already I advised. She works in a apps at ours near our office there. And then she was looking for investment opportunities. So I gave her an idea. Get some boys who are looking for work. Buy them trolleys. They're trolleys for Maya and Smokies. Kind of like 10 of them. Give these boys. Then every day they'll be giving you maybe 1000, 1500. They're just doing well. So it's just a matter of thinking of a business idea, something unique you can do. You don't need to be involved, but it's generating your money. All right. Do you feel like it's more shifting the mentality of just white collar jobs? Because most people, yes, we are well learned and went to school, studied a particular profession. But issue of employment, that has been always an issue. So how do you shift that mentality to just be ready to equip yourself financially and get going by creating a job opportunity for yourself and others? Just that shiftment of the mentality aspect of it. I like to use the truth. We cannot all fit in the corporate sector. We cannot all be employed by the government. But we can employ everyone in our nation. We can create so many jobs that Kenya will be looking for workers from other countries. You just need to think without the books. Come up with ideas, crazy ideas. By the way, some of these crazy ideas create more work. We have seen some guys who have been working in banks, leaving the corporate sector, and they start doing comedy. They employing 15 people, 20 people, one individual. We have seen guys leaving a vision companies. There's already I met in Ghana the other times. She was working as a near hostess in one of our airlines in Kenya. Then she went one day to Ghana and identified an opportunity, farming. That lady is doing cup scum and tomato farming in Ghana. A Kenyan lady, you can imagine. So opportunities are there. Myself, I do farming, a lot of farming. But I've never been in the farm. You'll never see me there in the farm. I just gave that job opportunity to another guy, you see. The guy is able to feed himself and feed for the family. But I do a lot of farming. Daily farming, coffee farming, you see, horticultural farming. But I'm here, it's absurd as I'm selling land. So it's just about thinking outside the box. And speaking about thinking, for the sake of the people who are watching us, and they're wondering, when it comes to financial literacy, suggest a couple of books that you've read and people can actually go and just educate themselves. Just from social media and YouTube. OK, the first book I would recommend, Unleash Your Full Potential by George Washington. If you've never learned that book, then you need to go and look for it. The other book is by Robert Kiyosaki. The Lichidad Puadad. If you read that book, then you might see it automatically, yeah. So for people who are watching us, make sure that you follow up and make sure you just build up your capacity and that muscle just to learn more about financial literacy and everything. So I'd like to for channel is where you can find us across all our social media handles at Michel Lichidad. So James, if people want to reach out to you and keep this conversation going, how can they reach out to you? Well, I'm very active on social media. My Facebook page is James Proti. Just James P-R-O-T-I. I also have a YouTube channel with the same name. You can engage me on my WhatsApp. I'm open, you know, people will reach out and they're inquiring on different things. Even in my Tumba business, but the person I have never done in my Tumba business. You connect them to the right people. I always see people asking me, how can I study in my Tumba business? But I'm always there to assist, you know, to write the hard way that I can. So you can always see me on 0708-459-336. All right. Thank you very much, James. Much welcome. Mugu, for creating time to be with us today. Thank you so much. I'm looking forward to have a further conversation with more time. Much welcome. All right. So that is James Mugu. We are looking at opportunities, investment opportunities for low-income and majorly focusing on young people. I'd like to thank all the social media handles. Misha Lashira, Rama Gokul, be right back.