How SACCOs Work in Kenya
![SACCOs](https://gichukikahome.com/wp-content/uploads/2024/05/shutterstock_332785214-768x485.jpg)
You may have heard a lot about Savings and Credit Cooperative Society commonly referred to as a SACCO. If you have wondered how SACCOS work or how to invest your money in a SACCO or the benefits of investing your…
You may have heard a lot about Savings and Credit Cooperative Society commonly referred to as a SACCO. If you have wondered how SACCOS work or how to invest your money in a SACCO or the benefits of investing your…
1. You Cannot Personal Finance Your Way Out Of Poverty The best selling secret to doing well financially is “cut on your expenses and live below your means. Only spend on the essentials and save everything else.” That’s the secret…
Warren Buffett, while speaking at the annual Berkshire Hathaway conference in 2022, was asked on how one can best protect himself from inflation. His answer left the audience nodding their heads and clapping their hands in awe of the wit…
The Effects of Currency Depreciation The effects of currency depreciation can be well illustrated by studying one of the worst hit countries in the world; Zimbabwe. For a country that has seen tough times in the form of international sanctions…
They say that only a fool waits to learn from his own mistakes and that the best way to learn is from the mistakes of others. As a financial advisor, I interact with people from various walks of life, different…
In his book, Just Keep Buying, Nick Maggiulli, narrates the startling story of Jack Whittaker. It’s CHRISTMAS DAY 2002 and across the state of West Virginia people are spending money like it’s going out of style. But instead of gifts…
Social Debt Morgan Housel recently wrote a piece that left me in deep thoughts, He wrote(emphasis mine): “I once did some consulting for a family that’s worth $8 Billion. If you Googled their name, nothing came up. No Forbes list,…
Nowadays, career paths have changed. There are a lot of people working in the gig economy as freelancers, content creators, project managers, product managers, and the like. With the rise in these seasonal opportunities to make money, there’s a need…
Last week, Piers Morgan in his show “Piers Morgan Uncensored,” hosted OnlyFans Influencer, Elle Brooke and the conversation left me in deep thoughts. Here’s the part that caught my attention. Piers Morgan: Tell me more about yourself. What were you…
Budgeting is simple but not easy. Use the 80/20 rule. The big expenses in your life determine the rest of your financial life. What percentage of your income is your rent? What percentage of your income does your car expenses,…