I started my 2024 on a very rough patch. But one of the things I am grateful for is ensuring that I have the right insurance policies. Risk management is an integral component of your personal finance plan. It allows you to evaluate your risks, making it easier to plan and get the necessary tools to manage those risks. And one of those tools is insurance policies. Especially health insurance plans. Don't let illness turn your finances into a rollercoaster in 2024! Health insurance is your be...
Feb 18, 2024•15 min•Season 1Ep. 19
Losing one’s source of main income can be devastating, whether it catches you by surprise or not. The current economic conditions have not been very favorable to many businesses. That, and the ever-changing dynamics in businesses, like tech advancements. If I have learned anything from my experience, it is always to have a backup plan. Especially when it comes to my finances. There are steps that you can take to prepare yourself financially for a potential job loss, even when you don’t expect it...
Jul 07, 2023•16 min•Season 1Ep. 18
In this episode, we explore the available strategies you can use to make the most out of your employment opportunities in your pursuit of financial independence. While we talk so much about having a side hustle or having a business on the side, it’s not usually a possibility for many people. And it’s okay not to want to explore these options. Honestly, they are quite demanding. Plus, if you love your job and career, it’s totally okay to keep pursuing that. However, you must find ways to make the...
Jun 22, 2023•18 min•Season 1Ep. 17
Mother’s Day is a special occasion where we get to celebrate our mothers and other mother figures in our lives. In deed, we get to learn a lot from the experiences and stories carried out through generations. So, I have dedicated this episode to honouring our mothers. I will be honest; there have been difficult days over the years, even for my mother. But all the experiences, both positive and negative, have been a source of education about many things in life, including money management. So, in...
May 13, 2023•10 min•Season 1Ep. 16
What have you been made to believe about money management and investing as a woman? Is it that the men in your life are better at it than you, so you end up leaving that task to them? Is it that you are bad at math and cannot understand the jargon in the world of financial markets? The truth is that all of these, and so many more, are just myths about women and money. Whether it’s investing, risk-taking or spending where men are perceived to be better at it than men, it’s all lies. Money managem...
Mar 31, 2023•9 min•Season 1Ep. 15
Sometimes, money and emotions go hand-in-hand. Unfortunately, emotions are unavoidable. And they can cloud your judgment and decision-making, which can be detrimental to your financial success journey. I, for one, have managed not to let sadness and anger drive my financial decisions. Because in the past, I’ve turned to impulse purchases and liquidating investment accounts in reaction to sadness and anger. Now, I tend to retreat to things that help me calm down and take it all in, e.g., binge-wa...
Mar 24, 2023•11 min•Season 1Ep. 14
In this episode, we go back to one of the basics of personal finance planning — creating an emergency fund. The rule of thumb is to have 6-months of your living expenses saved up in a liquid account for emergency spending. But building a full emergency account is not easy, especially if you have debt. That’s why it’s recommended you start with a quick start emergency fund. A quick-start emergency fund is the secret to working on getting out of debt or building a full emergency fund without worry...
Mar 15, 2023•14 min•Season 1Ep. 13
Sacco vs Money Market Funds? This is probably a never-ending debate you will hear or see around. But which is better for you? A Sacco account can help you save for both short and long-term goals, thanks to the ability to borrow against your savings. If you have guarantors, you can borrow as much as 3 to 5 times your savings, depending on your Sacco’s rules. Plus, the funds are not easily accessible. This is an excellent way to buy assets, start a business and grow wealth. With Money Market Funds...
Jan 20, 2023•7 min•Season 1Ep. 12
Getting your finances in order and working toward your financial success requires using certain tools. One of those is a budget planner. Budget planners help you track your transactions, stay organised and create healthy financial habits. There are several types of planners to use, either a spreadsheet, digital PDF or a physical book. I recommend using either of these. You can try them all and finally settle on one or two that make budgeting fun. Because it doesn’t have to be boring. If you are ...
Jan 13, 2023•9 min•Season 1Ep. 11
Life is unpredictable. Anything can happen and leave you in ruin, not just emotionally but financially as well. But do you know how vulnerable you are financially? If a sudden illness hit or thieves broke into your house, how far back will it set you? In this episode, I take you through how you can stress your finance. It will help you identify areas in your financial plan that need work. You can also read more about this on the website. You can catch on the latest articles via my website: www.e...
Nov 28, 2022•8 min•Season 1Ep. 10
In my previous episode, where I talked to Kenyan on Fire about her personal finance journey, I mentioned the importance of sharing our experiences with money. Of course, everyone has a unique relationship and experience with money. But we can learn from them. So, in this episode, I share the top 5 mistakes in my mistakes. I talk about the importance of having a budget, financial goals, and savings accounts, even if you don’t know what you are saving for yet. Hopefully, you can learn something ev...
Nov 09, 2022•13 min•Season 1Ep. 9
I host my first guest, Kenyan on Fire, in today's episode. She shares her personal finance journey on Instagram. Seeing her progress as she works toward financial freedom has been a joy. Not forgetting the financial nuggets and lessons learned along the way. However, today we will be focusing on her journey in investing in cryptocurrencies. Investing in cryptocurrencies has become very popular over the years. I am sure you will not scroll through any social media page without seeing a post about...
Oct 21, 2022•50 min•Season 1Ep. 8
We rarely think about financial self-care when pampering ourselves with all the self-care routines. But caring for your money is important, too. This is more than tracking your bank balances at the end of every week or month. Financial self-care entails all other actions that ensure you are working towards financial success and independence. In today's episode, we explore some of the common financial self-care routines you should have, including building an emergency fund and taking the time to ...
Sep 21, 2022•8 min
We pile praises for Saccos and how they have helped advance financial security for many. And they have. Saccos are an excellent saving and investing vehicle. Most importantly, Saccos are not biased toward the ‘unemployed’ when it accessing credit. However, one can never be too careful with financial institutions. You must always watch your money like a hawk, and this includes being ready to jump ship when an institution is exhibiting a lot of red flags. I am sure you have heard or read of Saccos...
Aug 19, 2022•9 min•Season 1Ep. 6
Is Black Tax a burden or not? This is a huge debate and the answers vary. But, there is no denying Black Tax has an impact both positively and negatively. Black Tax refers to money Black and people of colour pay to support their immediate and extended families. For instance, you could be paying for your sibling’s education, helping your parents back home, or even funding a relative’s business venture. Among other issues that hinder us, young people, from financial success, including poor plannin...
Mar 08, 2022•9 min•Season 1Ep. 5
SACCOs have grown over the past few decades and become the go-to saving, investment, and borrowing vehicles for many. So, why are SACCOs gaining so much popularity in Kenya? Are they worth putting your money in, or should you be worried? It’s not hard to see why Saccos are so popular. Apart from encouraging saving, access to credit is pretty easy compared to borrowing from traditional banks. But theft and mismanagement have led to the collapse of many Saccos, leading to loss of money by members....
Mar 01, 2022•9 min•Season 1Ep. 4
Let’s talk about scams today, and how you can easily spot an investment scam. Have you fallen for any scam before, even if it wasn't an investment scam? I recently paid a professional for a particular job and what was delivered, after being ignored for close to a month, was nothing short of a disappointment. Since then, I have seen a few other people come forward to complain about the same individual. It reminded me of a particular scam I feel for when I was a desperate graduate looking fo...
Feb 14, 2022•8 min•Season 1Ep. 3
One of the most secure investment assets is government bonds . I have received a few questions regarding investing in Kenyan government securities , especially after doing this post on investing in an infrastructure bond that the CBK is floating . Now, this looks like an investment opportunity meant for the ultra-wealthy and big investment firms. But contrary to popular belief, government securities are easily accessible even by the common Mwananchi . If you're looking for a short-term investmen...
Feb 07, 2022•10 min•Season 1Ep. 2
When is the last time you closed your eyes, trusted yourself and took a leap of faith? In today’s episode and my first podcast ever, I talk a little about leaping into the unknown. I went into full-time consultancy and freelancing after leaving corporate. What initially started as a break to study and take a breath from corporate is starting to feel like something I would probably want to do forever. This episode is a little about encouraging you to go for things that you want to do and love. It...
Nov 30, 2021•6 min•Season 1Ep. 1
