All about loans in Kenya
Why generational wealth matters As a parent, you want what’s best for your children. Imagine being able to provide the freedom to pursue their dreams with the comfort of financial security. That’s the promise of generational wealth. When younger generations can start adulthood without debt or a savings crunch, they can live life more freely: […]
Generational wealth, or family wealth, is a goal that many people aspire to have. Learn the benefits of generational wealth and how to start building it. Have you ever thought about how life would have felt much easier if you had graduated from school without any debt, or wished you had inherited a large sum […]
Seventy-three trillion dollars. That’s how much wealth is going to pass from baby boomers to Generation Xers and millennials over the next two decades. As the so-called great wealth transfer progresses, houses, land, businesses, stocks, and bonds will change hands, and many wealth creators are looking across the family dinner table wondering how prepared their […]
No one is born knowing how to manage their finances. It’s a skill that you have to learn over time, through trial and error. Unfortunately, many people don’t learn the basics until it’s too late. If you want to avoid making common financial mistakes, then read on. When people find themselves struggling financially, there is […]
It is never too early to start practicing good money habits. In fact, the earlier teenagers are exposed to good financial habits, the better chance they will become financially savvy. This is an important life lesson in general, but especially if college is on the horizon for your teenager. Becoming a college student is probably […]
1. The world is designed to separate you from your money. I firmly believe that everything in this world is designed to separate you from your money. An economics professor dropped this gem on us one morning (so I technically learned this in college). Since hearing this, I can’t stop thinking about it because it’s […]
1. Inflation The first money lesson that I wish I knew earlier is to understand inflation. So inflation is the decreasing value or purchasing power of any given currency over time. What that means is, in general, the price of everything is going up and the value of your cent or whatever currency you have […]
From a very young age, children pay close attention to how money is treated in their home. Many parents are missing the opportunity to use the observations as teaching opportunities. Parents prefer to keep quiet when there are struggles or disagreements about money, especially with things such as debt, paying for college, monthly budgeting and […]
1. Investing while young is mandatory It can be scary to wake up one day with the realization that it’s no one else except yourself to plan and save for your future. The day I learned what a Robo-advisor was, was the same day I finally felt less pressure and more confidence to take control […]
Here are 31 lessons I’ve learned about money… 1. I’ve never met a person who ever reached ‘their number.’ You know, people say, ‘When I hit X amount, I’ll be good.’ They say, ‘Once I have X years’ salary in the bank, I’ll be good.’ No one ever seems to get to that number. We’re […]