Unless you have been living in a bunker, you know that our economy is not in a good place. In the last three months, at least 2,000 people in nine companies lost their jobs. Financial services companies, Kenya’s largest employer have been laying off staff for the last two or so years, and other companies such as Diageo, and Airtel have announced layoffs. A recent…
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Whenever we have conversations about investments in instruments such as stocks or real estate, there is always that one person whose default response is: The returns are too low, I would make more money if I invested in business instead. This person almost always manages to derail the conversation from the investment at hand, to a business that makes “way more money” than one could…
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In the first part of this series, we looked at the life insurance basics, types of products and why we buy life insurance. In the second post, we look at the common issues customers face when interacting with life insurance companies. Life insurance has a terrible reputation in our market. Every time I have encountered a discussion about life insurance, it is always filled with…
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I want to start this post by making one point clear: A life insurance cover is NOT an investment! Whether it is advertised as an investment/education plan / bonus plan. It is NOT an investment. With that out of the way, we can now discuss what life insurance is. This is the first of a two-post series on life insurance. Read the second post here….
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Other than first time visitors who can learn about it here, every one of my log readers knows about the #52WeekChallenge. We are in August, week 32 and this week’s update is exciting. Zahra (awowoderia on Twitter) has been updating me about her savings all year, then a few weeks ago she hit me with great news. She broke her M-Shwari bank and used the…
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How are your 2019 money goals so far? We are in Week 29 of the #52WeekChallenge take time to save some money this week.If you are yet to join, here is how to start the #52WeekChallenge today! About 15 years ago while I was in university, my mother and I were talking about life after school, and my plans once I got a job. I remember…
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Hi there! We are in Week 29 of the #52WeekChallenge. We zoomed past the halfway mark a few weeks ago! This post is an aggregation of the questions that I receive from my readers in the comments section, on email, and on Twitter DMs. I am not able to respond to them all, but hopefully, this post will help. How much should we have saved…
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How are your 2019 money goals so far? We are in Week 28 of the #52WeekChallenge take time to save some money this week.If you are yet to join, here is how to start the #52WeekChallenge today! It is common knowledge that raising a child is hard. I knew this when I became a mother seven years ago. What I did not know, is how crippling…
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Have you joined the #52WeekChallenge powered by M-Shwari? To join, set up an M-Shwari Lock Savings Account, start saving and you just might get a cash reward. As I post this, we are in Week 25 of the #52WeekChallenge, use the MoneyBox App (for Android) to calculate how much you are supposed to save on a weekly basis and start today! Short answer is no. Let me explain. First,…
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Looking Back is a series of blog posts dedicated to looking back on the last 10 years in the Nairobi Stock Exchange. Peter has been analyzing the performance of these stocks on his Twitter timeline and has graciously allowed us to convert his tweets into posts for your reading. If you’d invested 100,000 shillings in Safaricom exactly 10 years ago, your investment would be worth…
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