Kenya has added 180 dollar millionaires, according to the Knight Frank Wealth Report 2018. The number of individuals with at least $5m in net assets increased 16.2% to 1,290 in 2017 from 1,110 in 2016. Of these, 90 are worth at least $50m, while fewer than 10 are worth at least $500m.
The report also suggests Kenya’s dollar millionaires worth at least $5m will grow 60.5% over the next five years to 2,070 in 2022. However, becoming wealthy requires the right mentality and focus. The following tips may help those seeking to become wealthy.
Firstly, invest in oneself to improve oneself in various ways.
Secondly, save money for retirement.
Thirdly, visit locations frequented by wealthy individuals.
Fourthly, befriend millionaires and billionaires, potentially leading to business ideas, contacts and deals.
Fifthly, spend money consciously.
Sixthly, start a business, potentially online.
Lastly, seek a side hustle to provide additional income.
Many people who are poor do not know how to become rich, or have not been told how to do so, the article concludes.
You must be logged in to post a comment.