PRIME The 25:50:25 money rule: A smarter way to invest your money Consequently, macroeconomic decisions like those from the Monetary Policy Committee also influence what return you will get from your investment.
Here's how to future-proof your investment portfolio The biggest financial risk most people take is not one of picking the wrong stock or investing in a dodgy venture.
PRIME Customary property: I'm in a financial fix, can I sell our ancestral land? When land is proven to be held under a customary trust, it cannot be sold freely. Its primary purpose is to be preserved and passed on to the next generation or to be used in line with the terms...
Smart investment: How to build wealth in a volatile economy A capitalistic world is an economic system where individuals and private businesses own and control property, resources and the means of production where the profits drive decisions.
My girlfriend wants marriage, but I only have Sh18,000. What do I do? Careful planning is crucial as you consider major decisions like marriage, family, and homeownership.
I am 36 and have inherited five acres. I want to sell four, is this the right move? Instead of selling four acres at a go, sell a portion of the land and plan with your wife how to invest and start building a home.
Help! My wife calls me ‘Mr Torn pockets’ since I’m broke Relying solely on your salary is risky with retirement just 12 years away - start budgeting for personal growth.
I’ve Sh4,000 left monthly. How can I save Sh1.5m for land by December 2026? As your finances grow, build an emergency fund to avoid being exposed after major savings or investments.
PRIME Where to invest for comfortable retirement life Financial experts say comfort should be an important factor when planning for retirement.
PRIME I earn Sh114,000 but have nothing to show due to loans Getting out financial distress requires discipline and financial sacrifice especially in the early stages.
PRIME How do I get out of debt and create investments that can give me Sh200,000 monthly? Enhance monthly savings capacity: By minimising expenses and potentially increasing income.
PRIME I’m the only one in my family with an income, help me budget Adopt smart financial habits such as reviewing your financial position, living within your means, tracking your money, spending with a budget.
PRIME Help! I am stuck in a cycle of Sh200,000 mobile loans You can improve your finances and build stability with a clear plan and by tackling the root causes of your debt.
PRIME I’m broke and debt-laden, should I quit this job and return to the village? One practical way to cut costs in Nairobi is through shared housing. Get a trustworthy roommate and share the bills.
PRIME Help! I’m a teacher earning Sh21,000 due to debts. I have nothing to show for my 10-year career You don’t have to fix everything overnight. The goal is to take back control, one decision at a time.
PRIME I have Sh5,000 left after loans and bills. How can I afford a Sh1m plot and house? The most effective way to achieve your goals is to first create room for savings by prioritising the repayment of your existing loans.
PRIME Why you need a wealth manager While over 60 percent of Kenya’s wealthy rely on professional fund managers to handle their investments, only about 15 percent of the middle class—including many in the diaspora—do the same.
PRIME I earn Sh51,000 net but always overspend by Sh20,000. How can I plan better? Track daily expenses and summarize them weekly and monthly to create an effective financial statement.
PRIME I spend Sh842,000 on expenses and loans monthly. How will I be able to retire in three years? Retirement savings should be sufficient to maintain and sustain a decent standard of living after retirement.
PRIME Financially woke: How Kenyans are investing today Wealth managers say young professionals, retirees, and business owners are increasingly showing a growing interest in saving and investing.
PRIME I have Sh4m in savings. Should I go study abroad or expand my business? I work as an online tutor and do data entry for a home health nurse. I have no debt.
PRIME I earn Sh49,000 net and spend Sh44,000. Should I borrow Sh500,000 to start a business? I am a 26-year-old accountant earning a net salary of Sh34,000. I also earn an additional Sh15,000 from a side hustle.
PRIME We pay rent Sh41,000, tithe Sh40,000 and have Sh900,000 savings – Is our budget okay? A financial lifestyle audit is anchored on three pillars: Calculating your net worth, tracking your money and spending with a budget.
PRIME I’m a boda rider with a new internship paying Sh20,000. How do I support my mother and son? The start of a new job in April is an ideal opportunity to build a habit of disciplined saving.
PRIME Can I plan for parenting without sacrificing my retirement goals? Saving for your retirement will also ensure that you do not use your children as a retirement plan for your future.
