The Power of Sh 6,000
Monthly savings of Sh 6,000 in your SACCO will accumulate to Sh 480,000 in 5 years at an annual interest rate of 10% - if all interests and dividends are reinvested.
Monthly savings of Sh 6,000 in a money market fund will accumulate to Sh 470,000 in 5
The ultimate financial goal is to build passive income streams that will eventually replace salary income.
Every single Ksh 1 you invest into fixed deposit or MMF accounts, stock market, treasury bills, bonds or SACCO deposits - gives your employer a little less power over you.
Domestic debts:
364 day T-bills have crossed 15% mark, 182 & 91 day T-Bills are few percentage points shy of that mark. Yields on all bonds now range between 15% to 19.2%.
GoK seeks to refinance 2 - 10 year T-Bonds with yields ranging 17.5% to 17.9%.
That means paying >18%!😭
The fact that GoK had to cut domestic borrowing target by billions is evidence that it has exhausted domestic credit market elastic limit. Domestic debt market is a dead end.
Int'l credit market isn't any better. President's call for relief & Eurobond difficulties make it worse.
UPCOMING CHANGES IN THE EDUCATION SECTOR IN 2024
Starting in January 2024, several educational reforms will be implemented:
1. The classrooms currently used for class 8 will accommodate Grade 8 students in 2024.
2. The term "secondary" will be replaced with "junior school"
Pimping your crib is a journey. Save pole pole with the Britam Money Market Fund with as little as 1,000/-. Join #BritamInveSTARS by dialing *778# or visit shorturl.at/fOR68 to learn more.
#BritamInveSTARS #BritamCares
Look at the size of this heifer, ata za ASK show hazijafika hii size. She is 7 months incalf with projected production of over 30 litres, client mwenye ataangukia hii atakuwa na bahati sana. Selling it at only 220k