“ A budget is telling your money where to go instead of wondering where it went.” Dave Ramsey By now you most likely appreciate that having a budget is an important part of your financial plans. A budget in its simplest form is a tool that you use to instruct your money where to […]
10 reasons why you need a good budget Read More »
“ Save for retirement. Start from your first paycheck.” Chanda Kaushik If you have been around investment circles for a bit, you must have heard people talk about buying an annuity at retirement, especially if they were employed in the formal sector. An annuity refers to an amount of money payable at a
What is an annuity and why it is important Read More »
“ A policy of life insurance is the cheapest and safest mode of making a certain provision for one’s family.” Benjamin Franklin Akinsure describes life insurance as a contract between an insurance policyholder and an insurer. The policyholder pays the policy premium, and the insurer promises to pay a sum of money to a
What Type of life insurance should you take? Read More »
“ Wealth is the ability to fully experience life.” Henry David Thoreau Financial freedom gives you options. It is the state of having enough continuous income that you choose when to work and what to do with your time. In personal finance the words Financial freedom are sometimes interchangeable with financial independence. It is
Why you need to plan your way to financial freedom Read More »
“ You can only fix a financial problem by fixing yourself” Nancy Levin Not all debt is bad. I thought I would start from there just so we are clear that I am not anti-debt. There is the good debt which I encourage people to get, in moderation. This could be debt you have
Staying motivated while you get out of debt: A 12-step guide Read More »
“ Begin with the end in mind.” Franklin Covey Let us all agree here and now that a budget is a plan for how you will use your money. And that it is your roadmap for financial success. While we are at it let’s also agree that budgets were made for man and not
Benefits of budgeting and how to make a budget that you will stick to Read More »
“ In investing, what is comfortable is rarely profitable..” Robert Arnott Did you know that creating and accumulating wealth is a balancing act? It requires us to enjoy the present, that is, the here and now while we plan for a great future. It is also an intentional journey that has some ups &
What to keep track of in the wealth accumulation journey Read More »
“Do not save what is left after spending; instead spend what is left after saving.” Warren Buffet Saving is no doubt an important tenet of wealth building. Everyone needs to save no matter their income level. And dare I add that it is not an easy habit. Some people dismiss this step by insisting
How to Save Money with a Low Income in Kenya Read More »
“ The question isn’t at what age I want to retire, it’s at what income.” George Foreman As with most things in life, you must have a plan for the retirement you want. It will not just happen, and neither is it someone else’s responsibility like the government or your children. As you let that
Are you ready for retirement? I Retirement checklist Read More »
“ No matter how hard you work, your money can work harder.” Aya Laraya Money market funds are investment vehicles that pool money from investors and then invest it in short-term instruments that have competitive interest rates. The rates are competitive because they are usually slightly higher than the benchmark 91 day Treasury bill rate.
Investing in a Money Market fund in Kenya Read More »
