In Part 1 of the 50,000 dollar problem, we looked at my techie friend’s dilemma. He’d come across Kshs 50,000, and was looking to make “good” and certain returns in a year, and since I wasn’t offering him any viable solutions, he was going to buy the iPad2 instead. My advice to him was to take a SACCO loan to pay for his gadget. Why…
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About 5 years ago, investment clubs were all the range in Kenya. Even I was a member of one. Inspired by the Transcentury story, everyone wanted to join in an investment club, and to “become a millionaire”. However, few clubs have been successful, and it seems today fewer young people are part of investment clubs. I however remain an advocate of Investment Clubs for several reasons: …
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In my post; Personal Finance 101, I mentioned expense tracking as the starting point in coming up with a budget. In this post, I will share 3 expense tracking methods that have worked for me. 1. The Notebook This was the first, probably most archaic method I ever used, but it worked! I basically carried a notebook in my handbag, and had a page for…
Read MoreFor as long as I can remember, people have been making new year resolutions, and have been failing at it. This year, more than 90 million adult Americans made new year resolutions and the top resolutions were about health and financial well being. With billions of people around the world resolving to do better each year, why are things getting worse? Why is it that…
Read MoreI love great looking cars that also drive well. This shouldn’t be confused with a love for how cars work. I wouldn’t tell what a radiator is if it hit me on the face, but I know a thing or two about money issues surrounding car ownership, and that’s the gist of this post. If your interest is the technical side of a car, talk to…
Read MoreThis is a continuation to a previous post where I answered some of the most common farming questions people ask. I will answer a few I got from the comments on that post.
Read MoreA series on creating extra income streams cannot be complete without a post about my favourite side hustle; farming. I don’t really need to make a case for farming on here, I believe it’s quite obvious. Food doesn’t go out of fashion, everyone eats from the rich to the poor, and as a country, we are a net importer of food.
Read MoreOne of my readers on the last post asked for tried and tested alternative income sources. Well, I believe we’re all gifted differently and for that reason need to find those areas and capitalise on them for success, but it’s good to give a few ideas on what has worked for others, maybe it could work for you. BeMogul is my guest writer today, educating…
Read MoreLast post we talked about credit cards, and I think it’s fitting that this post is about increasing our income. There’s a story my boss likes to tell, I hope he hasn’t copyrighted it. He tells it best but I will attempt to do the same on here. One day maybe I’ll ask him to do a guest post on here.
Read MoreIt has taken me a long time to compose and upload this post because it puts my moral authority in having a personal finance blog to question. Then I figured we all have our vices and mistakes we make and need to correct, this is one of those for me.
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