Property Show Host Nancy Muthoni On Rebuilding Her Life After Losing Everything

She went from buying a BMW from a showroom in the UK on impulse to losing everything she had to auctioneers and back to having a successful business and TV show. This is the story of Nancy Muthoni the host of Property Show which airs on KTN.
In an interview conducted by Jackson Biko of the Business Daily, she tells her story of success and failure and how she managed to overcome this and achieve all she has now.
The beginning
Nancy Muthoni has worked as a secretary in a bank and was a manager at Diners Club International. She ventured into entrepreneurship when she started her own salon, imported clothes and in the 90s started a fashion house that would supply uniforms to banks, hotels in Coast as well as airlines.
She was very successful and made a lot of money, allowing her to travel the world, buy whatever she wanted like a BMW on impulse.
However, this didn’t last, she became bankrupt a few times, had auctioneers take everything from her house and leave her with nothing.
But this wasn’t the end for Nancy. She started First Avenue, a real estate firm, at a time when very few women were in that industry. She then went on to start a property TV show even though she had no media background and the people around her never failed to mention it.
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What was the experience of being neck-deep in debts and auctioneers wiping your house clean?
My business collapsed after the tribal clashes at the Coast that saw hotels close down.
I was owed a lot of money to a lot of people. I have always believed that if you are going to buy something, buy things you can sell when tough times come and so to try and recover some money, I sold my BMW and the jewelry I owned.
However, even after all this, it wasn’t enough.
What have you learned from what happened?
My biggest lesson is that there is no such thing as too much or too little money.
Secondly, I learned to work with professionals. I should have had a market analyst. And because of that failure, I invested in the best machines and then the market collapsed yet I could have done things gradually.
Lastly, losing everything humbles you. Today if you tell me that you have no money for school fees, I will know exactly what you mean. I have been there many, many times. I know how it feels to eat in the dark with my children.
Losing everything builds your character and empathy. Today, I empathize with single women, because it’s hard.
But it was a beautiful journey. It’s what made me.
What’s your advice to people trying to make it in life?
Live within your means. Take your children to schools you can afford. Don’t take your children to schools with someone’s money. What happens when you disagree?
You have to cut your cloth according to your size. Live in a house and neighborhood you can afford.
At a restaurant, if your money allows you to eat only chips, eat chips; don’t look at the next table at the person eating chicken and rush to buy it.
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What do you regret the most?
Having senseless friendships. I have had my own share of friendships I shouldn’t have made in the first place
Friends can build you, but friends can also drag you behind.
In Conclusion,
In life, you will face many challenges but ensure that you don’t allow your failures to define who you are. It’s not about how hard you fall but how high you rise after the fall.
Source: Business Daily