CIKU MUIRURI’S ADVICE TO KSHS 221 MILLION JACKPOT WINNER SAMUEL ABISAI CAUSES CHAOS ONLINE! SEE WHY HE MIGHT END UP POOR IN A FEW YEARS IF NOT CAREFUL

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.

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’s 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’t merely buy land, put up a few goal posts and you’re 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 – 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’s 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’s a philanthropic exercise. Before we even cost this – Let’s look at some of the other stuff he will be doing.


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.

Then you have to furnish this beautiful townhouse. Off to Odds and Ends/Furniture Palace or anywhere you’ve seen billboards all your life and you’re 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.
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