Do you feel like no matter how hard you work, you’re still struggling with money? You’re not alone. Financial freedom can feel out of reach, especially if we don’t know where to start. Bestselling author Robert Kiyosaki, in Rich Dad Poor Dad, shares simple but powerful tips on how anyone can build real wealth by changing how they think about money.Here are five easy-to-understand lessons from Kiyosaki that can help ...

Escaping the Debt Trap: Strategies for Financial FreedomIntroductionDebt can be a heavy burden that weighs down on individuals and families, impacting their financial stability, mental well-being, and overall quality of life. Whether it's credit card debt, student loans, medical bills, or other forms of borrowing, finding oneself in a debt trap is a common challenge that many people face. However, it's important to know that with the right strategies and ...

Dave Ramsey's Baby Steps is a financial plan designed to help you achieve financial stability and wealth. The plan comprises seven steps, each building upon the previous one, to help you reach your financial goals.Baby Step 1: Build an emergency fundThe first step is to save Ksh 100,000 for unexpected expenses, such as car repairs or medical bills. This step helps to reduce the stress of financial emergencies and prevents ...

6 Types of Savings You NeedFinancial advisors will tell you to budget your money in a 50:30:20 proportion. 50 stands for basic needs, 30 for wants, and 20 for savings and investments. Saving helps you cushion yourself against unforeseen future emergencies and meet future needs. Saving today will save you tomorrow.1. Emergency FundSaving money helps to build an emergency fund that can cover unexpected expenses such as car repairs, medical ...

How Your Money Mindset Keeps You in Financial StrugglesMany people know the right things to do with their money, but they keep doing things that keep them struggling financially. I was a such a person. My StoryI learned about money in my early twenties, soon after college. I read books like Rich Dad, Poor Dad, and Think and Grow Rich, among others. I had experience working with a microfinance institution and a bank as ...

Where to Save Your Money: SACCO or Money Market Funds?The first step to financial freedom is to save at least 10% of your income. But should you keep your money in the bank? Money put in a savings account loses value with inflation. Therefore, a prudent person must save where their money earns interest. Both the SACCO (savings and credit society) and MMF (money market fund) will earn interest from your ...

Do you feel that if you had another option, you could leave your current job and do something you enjoy doing?Do you feel underpaid in your current job?Do you feel your salary is not enough to meet your needs?If you said yes to any of the above questions, you need to start a side hustle asap!Are there things you love and enjoy doing? You can start the following side hustles ...