The beauty of investing is such that you have access to a lot of information.

There is no 'one-suit-fits-all' solution to money and investments issues.

The best financial advisors give you as much information as is relevant to make a truly informed but personal decision.

Differences between an emergency fund and a sinking fund (thread)

An emergency fund is a risk management device, while a sinking fund is a 'liability' management device.

What risk are we managing?

And which liability are we talking about?

Read on.

Something in the works today.

First of a kind in Kenya

Mihr Thakar cheruiyotkb

Your ambition should be much greater than what a salary alone can afford.

Create multiple sources of income.

When you do it till it hurts a little, you know you are doing it right.

Living paycheck to paycheck restricts your options.

You forgo important goals such as building an emergency fund, paying off debt, investing in yourself, and securing your future because you haven't built the financial buffer to pursue them.

Being prudent is not the same as suffering, the less you plan now the more suffering you are going to have in future.
#Financialwellbeing
Abojani Investment 🇰🇪🇺🇬🇹🇿
cheruiyotkb

#FinanceFriday

Level up your money game:

▪️Set your financial goals
▪️Build an emergency fund
▪️Invest >15% of your income
▪️Create a '50:30:20 rule' budget
▪️Save/invest first before you spend
▪️Review your income and spending habits

When it comes to personal finance, stop looking for quick fixes.

There is no magic pill that changes your personal finances.

The government won't save you, it will actually tax you more. That jackpot win may be a dream.

Only you can change your financial situation.

Unpopular opinion:

If you are forced to take a loan for a wedding, that is the first sign that you cannot afford it.

A marriage is a lifetime commitment. A wedding is a single day event.

You can be peaceful with your spouse without a wedding.

Earned income comes from a job.

Passive income comes from assets that work for you:

- Shares
- Real estate
- Business ownership

Earn passive income to become financially stable.

#LevelUp Masterclass 👇

Ownership is the path to growth. It's not just about buying stuff, but owning assets. Shift your mindset from spending, to having money work for you. This way, you get on the cash column of the register.

Take action to secure your financial future:

1. Invest in income-generating assets.

2. Ditch unnecessary expenses.

3. Pay down high-interest debts.

4. Continuously educate yourself on financial matters.

Great portfolios are not built overnight. We only see the 'magic' but not the background effort it takes.

You have to be intentional, work harder, and put effort into making the 7-figures a reality.

Staying the course through bear markets also creates the 'magic' you see.

Handling a financial crisis:

1. Accept the situation as is, don't exaggerate it.
2. Write down solution ideas and choose a realistic option.
3. Make peace with things you can't achieve now.
4. Don't add more debt.
5. Avoid bad financial decisions.

Empowering Your Child’s Education Journey this new school term
As the back-to-school season approaches, parents are faced with the task of ensuring their children are well-prepared for the new term. This involves not only
financial preparation but also providing the necessary…

Got questions like these?

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The #May Masterclass starts on 13th.

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Accumulating wealth and growing what you keep means not only saving money but also finding ways to make it grow over time. It is like planting seeds in a garden but watering them everyday until it becomes a tree and bears fruits.

There is always time for everyone to do something.

You wish you had invested in Bitcoin years ago,

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You wish you knew about money market funds years ago,

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cheruiyotkb cheruiyotkb Thanks for the insight. Having a solid financial plan in place before money comes my way has been quite a challenge. But with a few adjustments here and there, am catching up. I believe I share the same challenge with many people.