Whenever the topic of the Internet and kids comes up, there is a sense of panic that accompanies, it, whether the people discussing it are parents, educators, caregivers, or even people that do not have to deal with kids day -to-day. It is common to hear, “Parenting was not this difficult when we were children. All parents had to monitor was TV use (and TV…
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If you have consistently followed our stocks column so far, there is probably a good reason you are still interested. Your financial future matters enough for you to choose to learn and take some action. In the first part of this post, we covered the need for a Personal Financial Plan and I am sure that is now on your To Do list. Now let…
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This is the second post about a talk I gave at Technical University last month about saving money (and how to think about money) in your twenties. In the first post, I closed by saying that “a little luxury every day is no luxury” – the need to check how often we indulge and be mindful of our indulgences. Here are the next 5 things. 6….
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Three weeks ago I was invited to give a talk at the Technical University’s Rotaract Club Meeting, and during the Q&A, one of the students asked me if I would advise him to buy Bitcoin. He started by giving us a bit of a background about Bitcoin and blockchain technology, which showed that he had invested some time reading up before asking the question. This…
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Last week, I was invited to speak to Rotarians at Technical University of Kenya about saving money. I spoke to them about 10 things to think about in your 20s, I will split it into two posts of five each. 1.Saving starts with earning some money (obviously). When you are a student, it is easy to postpone earning money until you are done with school –…
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Which is the best SACCO to join if you want to save for a home? This question came from one of my Twitter followers. The reason why he asked about a SACCO and not an investment product is because he wants to access credit against his savings (which would then go towards the building). First of all, the government has some tax incentives for individuals who…
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It is that time of the year when we make plans (I prefer to call them plans, not resolutions) for the new year. As is the tradition for the third year running, the #52WeekChallengeTM 2018 is here! The Challenge has three goals: Nurture a savings habit by helping you set a savings goal, then working towards hitting it. Curb unnecessary and impulsive spending. In its purest form,…
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Last week, I had a week-long client assignment, and they had kindly booked me into a 4-star resort just outside Nairobi for this. As much as it was going to be a busy week of training, I was really looking forward to the simple pleasures of a great hotel stay. Even as I write this post, I want to believe that I was the exception to the rule,…
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There is a joke that every Kenyan has a side hustle, so this article is probably moot but I will write it nonetheless. In this age of passion, we are told that we should discover what we are passionate about and should we single-mindedly pursue that passion, we shall not only find financial success but personal fulfilment. Life is not that perfect though. Some people…
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Plane crashes are rare, so when they happen, they make the news. Authorities ensure that crashes are thoroughly investigated, causes established and that something is done to prevent them in future. Car crashes, however, are treated differently. While they sometimes will make news, we do not investigate much, neither are resources invested to ensure they are eliminated completely. We assume that car crashes are the…
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