In many African families, children are expected to support their parents financially. This support can be for the essentials such as school fees for younger siblings, or even the luxuries such as holidays. This series of posts looks at four different forms of support parents expect from their children and offers advice on how to navigate parental support without compromising your financial future. As we…
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How are your 2019 money goals so far? We are in Week 48 of the #52WeekChallenge guys, just four weeks to go! It might be too late to start from scratch, but how about you join me in a sprint to the end of the year? Insulate your December pay from enjoyment by saving up starting today. Read more here. These days, it is very…
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How are your 2019 money goals so far? We are in Week 46 of the #52WeekChallenge guys, just six weeks to go! It might be too late to start from scratch, but how about you join me in a sprint to the end of the year? Insulate your December pay from enjoyment by saving up starting today. Read more here. As I wrote in this…
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Group savings, or “Merry Go Round” as they are more commonly called in Kenya are as old as the country’s history. Our mothers and grandmothers used their Merry Go Rounds (MGRs) to furnish houses, buy crockery and visit each other during times of need. Their MGR buddies are their closes friends even today in their old age. The basic idea behind an MGR is that…
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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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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 invested KES 100,000 in Stanbic 10 years ago, it would be worth about KES 284,000 in…
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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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As I write this post, we are in Week 42 of 2019, with exactly 10 weeks to go to the end of the year. Take a moment to think about how you started the year. If you are anything like me, you had some goals and a vision of how you wanted the year to go. I confess I not only had goals, but I…
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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. Looking back, if you invested KES 100,000 in Unga Limited’s stock ten years ago, you would today…
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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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