Why the educated are poor
Most educated people in Kenya are poor. Not just poor, but very Poor. Why? Because 80% of the educated people in Kenya earn less than Kshs. 50,000 for a salary before tax and other deductions. When the deductions are put into consideration, the net salary comes to around Kshs 35,000. The net salary then suffers from loan deductions of up to 10,000 leaving the salary at around kshs 25,000. The landlord then demands for his 10,000 and monthly shopping takes away 5,000 leaving one with a 10,000. The bus will demand for 4,000 going to and from work and relatives get another 2,000. Remaining 5,000 can't even take care of one kid in a nice private school, whole salary is gone and borrowed money starts operating. The borrowed money includes short loans and salary advances whereby payment is up to 50% in interest. The difference between poverty and prosperity is property. A prosperous person has property to his name while a poverty stricken person has no property to show. Using this ...