💡 In order to budget properly for your income, you need to categorize your spending based on wants & needs. Sometimes they overlap especially when one is accustomed to a want and sees it as a need. 🤭 ✔️ Needs are extremely necessary wants are not. #mondaythoughts #Mondayvibes

📣📚 We recommend diving into Financial Freedom by Grant Sabatier. 👉🏾 blinkist.com/en/books/finan… ✨ It offers a fresh perspective on financial strategies that will help you generate enough wealth to live off the interest of your investments to achieve financial independence. 🙂

💰 Budgeting, saving & investing are principles that should be acquired & implemented from a young age in your quest for financial literacy! 😎 ✨ It's never too early to be financially savvy. Take control of your finances & actively start working towards financial freedom. 🎯

💡 Retirement doesn't have to be the hard-to-reach endeavor we all make it out to be. The key tactic is planning for it. 🎯 Start setting aside some money as early as today & invest it to get substantial returns that will make your money work for you. You got this! 💪🏾

💰 When looking for insurance coverage, always evaluate your needs first and produce a budget for it to avoid overspending. ✔️ To save a few more coins, ask your insurance company whether they have discounts! 😉 #friday #fridayvibes #fridayfeeling #insurance #investments

💡 Quick investment tip for the weekend, investing is a continuous process that requires you to research & review your investments every so often. ✨ Different Asset Classes offer varying returns. Re-evaluate periodically to ensure you're on the right track & pivot if necessary.

⛅ Happy Monday! Need some brilliant advice to help you understand the core role of Finance in our lives as a whole? Robert J. Shiller pens it in a few wise words. 😉  #financialwellness #mondaymornings #mondayinspiration #mondaythoughts

😩 The lack of proper knowledge on how to manage & apply different personal finance management skills can lead to poor spending habits, debts, poor credit scores & even bankruptcy. ✨ Financial literacy allows you to make better decisions regarding your income & investments. 💰

I’ve been seeing politicians talking about how the increase on import taxes is to protect and grow local industries. This strategy has been tried before; just after Kenya’s independence, and by the mid-1970’s had failed to work so badly that Kenya ended ip with the SAP’s.

I wrote an article for Good GovernanceAF back in 2014 about this, and I want to share some screenshots of it.

And there is a whole other story related to this that has flown under the radar, and may explain the US’s / IMF’s keen interest in Kenya today. The end of the petrodollars agreement. On June 9th 2024, the Petrodollars agreement ended.

The petrodollar agreement was signed in 1974, amidst a whole raft of global macroeconomic changes, including floating the price of gold in 1971 that would later be ratified as the end of the Bretton Woods system by the Jamaica Accords in 1976, and the oil embargo in 1973.

Coincidentally (ADHD) while all this was happening, one Mwai Kibaki as Finance Minister would introduce one of, if no, the shortest Act of Kenya of the old constitution, in 1975: The National Assembly Remuneration Act, setting the stage for MP’s to determine their salaries.

How is all this connected? 1. Once MPs got the ability to set their remuneration, it shifted their focus from service to citizens to wealth acquisition. Can you imaginatively a job where you set your salary, and it’s the responsibility of everyone else to make it happen?

This article from Damn Interesting is an incredible read on how the whole Bretton Woods system was set up. damninteresting.com/foreign-exchan…