Currently, several tenders are being dished out by different tiers of government.
You can bid for a tender from the county or the national government.
While appearing for the deputy presidential debate in July 2022, Deputy President Rigathi Gachagua stated he was worth Ksh800 million. The DP become a millionaire before joining politics, having been in public service for years.
The majority of his wealth was through tendering with different government ministries.
Gachagua also told Kenyans that tendering process is a legal way of acquiring wealth.
“If you have a tender, you win and you come to me and say I have this tender of Ksh20 million, I need Ksh15 million, can you lend it to me and I give it to you and you do the tender, when you are paid, you pay me back it’s not a crime,” the DP justified.
One can also bid for tenders being availed in the private sector.
Cutting on expenditure
One of the quickest ways of becoming rich is by cutting expenses, especially luxuries. Spend strategically.
Kenyans who want to be rich need to live a minimalist lifestyle where they live within their budget and avoid unnecessary.
“It is true that if you have more disposable income, it’s easier not to overspend, but it is also worth noting that most millionaires have frugal spending habits,” advises Faron Daugs, a certified financial planner.
Another way of cutting your expenditure is developing a habit of paying yourself first, also known as reverse budgeting.
Reverse budgeting is when your budget is based on your savings goals rather than your spending and expenses.
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