{"id":3817,"date":"2017-05-10T13:14:27","date_gmt":"2017-05-10T10:14:27","guid":{"rendered":"https:\/\/www.ghafla.com\/ke\/?p=3817"},"modified":"2017-05-10T13:14:27","modified_gmt":"2017-05-10T10:14:27","slug":"relax-friend-realize-not-much-cash-wont-go-crazy-ciku-muiruri-advice-221-million-jackpot-winner-causes-chaos","status":"publish","type":"post","link":"https:\/\/www.ghafla.co.ke\/ke\/relax-friend-realize-not-much-cash-wont-go-crazy-ciku-muiruri-advice-221-million-jackpot-winner-causes-chaos\/","title":{"rendered":"\u201cRelax, my friend. Once you realize it\u2019s not that much cash, you won\u2019t go crazy\u201d Ciku Muiruri advice to 221 million jackpot winner causes chaos"},"content":{"rendered":"

While most Kenyans think Samuel Abisai won so much money to guarantee him a smooth life until he dies, Ciku Muiruri says that 221 million is not a lot of money and that the mega jackpot winner could end up being poor again.<\/p>\n

Former Classic FM radio queen Ciku Muiruri has caused chaos with the message she sent to Kes 221 million SportPesa mega jackpot winner \u2013 Samuel Abisai.<\/p>\n

\"\"<\/a><\/p>\n

There are those who believe Ciku was driven by jealousy when she advised Abisai while others believed she acted out of good will.<\/p>\n

The former radio presenter said Abisai wouldn\u2019t go crazy if he realized that Kes 221 million wasn\u2019t a lot of money; she highlighted a scenario that could see the mega jackpot winner get broke as fast as he got rich.<\/p>\n

\"\"<\/a>
Samuel Abisai with with SportPesa CEO Ronald Karauri in his Mayback<\/figcaption><\/figure>\n

Below is the lengthy post Ciru Muiruri wrote on Facebook:<\/p>\n

So a young man won Sh 221 million betting on football. I won\u2019t lecture young people on the perils of gambling \u2013 In many cases it\u2019s a disease just as serious as alcoholism but that\u2019s a story for another day. This guy won this money on his second try (hardly a serial gambler), just one lucky bugger. But the thing is Sh 221 million sounds like a lot of money but it really isn’t. Have you ever gotten a new job and gotten double your previous salary? You find that after a few months you are still waiting for the end of month in much the same way as you did with the previous salary. Why? Simply because of demand and supply. The more supply you have of cash, the greater your demand for things and possessions that you never bothered with before.<\/p>\n

Let me break down this money for you. 30 per cent of 221 million goes to KRA. Our friend who has never paid taxes in his life (he was under the tax threshold) all of a sudden, is introduced to Caesar who takes his portion and leaves him with Sh 154, 700,000.<\/p>\n

Then, he says he want to build a soccer academy. This is not for profit but to give back to the society in his hometown of Kakamega. That\u2019s nice and noble but what does he know about running an academy? People sometimes make the mistake of thinking their passion for something is sufficient to maintain a viable operation. But has he really considered the cost implications? You don\u2019t merely buy land, put up a few goal posts and you\u2019re done. You need cones, footballs, bibs, hurdles, stepladders, uniforms, goal nets, whistles, changing rooms). In addition to the start up funds, you have facility operations costs (Who will maintain the grounds, pay land rates etc). Then you have facility management costs (Administrator, accounts, you need to hire professionals to train these boys \u2013 football coaches and assistants, a sports physiotherapist). You will have facility marketing costs to spread the word (The last thing one wants is to walk into a sports facility that\u2019s eerily quite except for the buzz of lights and the sound of one or two athletes). All this will cost money. A lot of it. The worst part is that it is recurrent expenditure with no money coming in seeing as it\u2019s a philanthropic exercise. Before we even cost this \u2013 Let\u2019s look at some of the other stuff he will be doing.<\/p>\n

\"\"<\/a>
SportPesa CEO Ronald Karauri hands Samuel Abisai Kes 221 million cheque<\/figcaption><\/figure>\n

He will move out of Komarock. Probably buy a house. Where? Lavington? A nice town house will set him back Sh 45 million. Perhaps he may go to Buru Buru. You can buy a house there for 8 million but remember what I told you earlier? Double the salary, double the spending. He will want the leafy suburbs. So 45 million gone, we are down to Sh 109,000,000.<\/p>\n

Then you have to furnish this beautiful townhouse. Off to Odds and Ends\/Furniture Palace or anywhere you\u2019ve seen billboards all your life and you\u2019re excited you can finally walk in there and buy the store. Drop 3 million on the modest side. Now you need a car. Pick up a Range Rover for 22 million. Why bother with second hand? The comprehensive insurance on this annually will set him back Sh 1m.<\/p>\n

Visit Little Red and buy yourself some tailored suits, shoes and silk ties. Another Sh 1m.<\/p>\n

Then your relatives and friends check in for their pound of flesh. Buy mom and dad a house and a farm. Another 20 million gone. Give siblings and extended family 10 million or so. They\u2019ll keep coming back by the way.<\/p>\n

Where are we now? Down to 47 million. And we haven\u2019t done costs for the academy yet. We haven\u2019t taken into account the booze, the travel (probably to watch soccer matches live in Europe) and mad spending one will do when hit by a windfall. Food for thought \u2013 People win this kind of money in US dollars all the time in lotteries and still manage to blow it all. In USD equals what this guy won multiplied by 100. And they blow it in just a few years.<\/p>\n

\"\"<\/a>
Samuel Abisai with his father and mother during his homecoming party at Bukhungu stadium in Kakamega<\/figcaption><\/figure>\n

My point? Relax, my friend. Once you realize it\u2019s not that much cash, you won\u2019t go crazy. If you want to build a sports facility, make it a business and give scholarships to talented, under privileged kids. But most people who attend should pay for the facilities, it\u2019s just not practical to have it all free.<\/p>\n

Don\u2019t buy a house in Lavington. If you want to live there, rent a place. Instead use that 45 million to build flats in Komarock and collect rent. Hell, you can buy the building you were living in.<\/p>\n

Ask family and friends for viable business plans that you can invest in. If you give them fishing rods, they won\u2019t keep coming to you for fish. And if they come up with good proposals, your investments in these ventures will also make you cash.<\/p>\n

Finally, buy the Range Rover. Buy the clothes. Watch a Champions League and World Cup final live. Why not? Screw it, you won 200 million. You need something to show for it. \ud83d\ude42 \ud83d\ude42 \ud83d\ude42<\/p>\n

Good luck.<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

While most Kenyans think Samuel Abisai won so much money to guarantee him a smooth life until he dies, Ciku Muiruri says that 221 million is not a lot of money and that the mega jackpot winner could end up being poor again. Former Classic FM radio queen Ciku Muiruri has caused chaos with the […]<\/p>\n","protected":false},"author":2834,"featured_media":3818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[310],"tags":[748,656],"class_list":["post-3817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-ciku-muiruri-news","tag-samuel-abisai-news"],"yoast_head":"\n\u201cRelax, my friend. Once you realize it\u2019s not that much cash, you won\u2019t go crazy\u201d Ciku Muiruri advice to 221 million jackpot winner causes chaos - Ghafla! 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