In the wake of Transcentury’s success from an investment club to a publicly traded multi million dollar company, joining an investment group or a chama as they are popularly called has become the default first step to investing for most young people. Chamas are a great way to get ahead because by pooling funds, you are able to achieve more as a group than you can…
Read MoreThe startup phase of a business is often a tough and lonely time for an entrepreneur, especially when one is short of funds. Joining an incubator often fixes many of the difficulties at once: the incubator (may) offer funding or access to potential funders, office space, mentorship, the company of other entrepreneurs and much needed admin support that most entrepreneurs are not equipped to handle…
Read MoreAfter I wrote this post, I had a lively discussion with @Roomthinker in the comments section. He made great points on the importance of formalizing your business before you go out to sell your product/solution to the market. His view was that this is critical if you want to be taken seriously by the corporates or out in the business world and I fully concur with him….
Read MoreThis September we made it to print! Msafiri a travel magazine by Kenya Airways recommended this blog as one of Nairobi’s top reads. We are honored to share a page with great voices like Erik Hersman
Read MoreAbout 2 years 3 months back, my LO (Little One) came home. As any first time mom, I took the little time I had reading up on how to care for a child. I browsed as many parenting blogs, forums, websites and Facebook groups as I could, I bought and pored through many books covering parenting a baby,I spoke to as many moms as I…
Read MoreLast week we talked about the most common reasons why budgets fail, and two of the failure points tend to occur at the beginning of the budgeting process; when we create budgets that are not a reflection of our values, or when our budgets are based on our imaginary selves not the real us, they are bound to fail. This guide ensures you do not fail…
Read MoreA lot of people get frustrated with budgeting because it never seems to work. Either they fail to reach their earning targets or spend too much. Emergencies check in and break the budget, or sometimes budgeting just seems like too much work with very little benefit. It is easier to just spend money as you get it and hope things will be ok. I’ll be…
Read MoreAttending a personal finance seminar can be very exciting and enlightening. Most seminars these days have a couple of financially succesful speakers who have done great things with their lives and have a significant amount of wealth. These people are said to have “made it”, and we attend these seminars to hear their secrets to wealth or financial independence. These seminars are very exciting because they…
Read MoreA few years back I wrote this post after buying cake from Nakumatt which I discovered to be stale on getting home. Upon returning the cake on the same day, I was treated with suspicion and I swore to never buy cake there again. I compared Nakumatt with Amazon, which treated me with absolute trust, despite the fact that I am based in this continent which is home to the…
Read MoreLast month as I reviewed my expenses, I realized that I spend a lot of money on food. I eat out may be four to five times a month which is not much, but I found that this expense combined with what I was spending in the house was higher than I would wish it to be. I was spending more on food than I…
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