"But those who hope in the Lord will renew their strength. They will soar on wings like eagles; they will run and not grow weary, they will walk and not be faint." Isaiah 40:31 (NIV)
Saving consistently and diligently until you reach Ksh1 million is not an easy task.
I milli sounds like a very high number to reach, the challenge is therefore not for the weak.
But imagine the foundation you will have built in your wealth creation journey!
#LevelUp2026 #FinancialFreedom #AbojaniMasterclass
Cost of Procrastination!
If you invest Sh10,000 per month from age 25 to 34 and stop, then let the money grow at 10% compound interest, you will retire at 60 with about Sh24 million.
However, if you wait and begin investing Sh10,000 per month from age 35 to 60, you will retire with about Sh13 million, despite saving for many more years.
The difference amounts to Sh11 million.
In the Saturday Nation today, we craft a teacher's roadmap to savings, investments, and future wealth.
35-year old Amos is a teacher working in Nairobi. With Sh 67K net salary, he meets all family needs and is left with Sh 5,000 only. His wife is a nurse but doesn't contribute. Amos has no savings and has defaulted on a chama loan of Sh 300K for a failed dairy project. He seeks to build passive income sources that include rental income. How will he achieve all these by age 60?
There are many investment avenues available, each with different levels of risk, return, and accessibility. Here’s a breakdown of the key options:
1️⃣ Money Market Funds (MMFs)
Low-risk, liquid, and ideal for short-term savings.
Offers better returns than regular savings accounts.
*Returns depend on underlying assets performance and management fees.
1/11
When you do what you love doing consistently, it ceases being work.
Top up MMF, SACCO deposits, and accumulate dividend stocks, every month; for the long term.
Then transfer Sh 100K every few months from MMF to new bond positions or crypto assets.
Boring, but it works.
#AbojaniTrueStorySeries
A MOTHER'S JOURNEY TO FINANCIAL FREEDOM 🧵
The best investment I've ever made in my life cost me Sh 2500.
Let me tell you how it happened.
I am a single mother of two children, ages 10 and 8. I graduated and began teaching at a school in Ngara, where I met my husband, who was a senior teacher....
Britam General Insurance has settled a KES 71,143,016 compensation claim for Limuru Country Club following the fire that razed its clubhouse on January 4, 2024.
The fire, which was suspected to have originated from embers escaping the fireplace in the main bar area, caused extensive damage to the clubhouse, which was insured under Britam’s Fire Industrial Insurance Policy. The club’s policy covered buildings, plant and machinery, stock in trade, and business furniture. #FriendsForLife
10 books every investor should read at least twice:
1) Outliers
2) 100 Baggers
3) Atomic Habits
4) Beating the Street
5) Rich Dad Poor Dad
6) Think and Grow Rich
7) One Up on Wall Street
8) The Psychology of Money
9) The Simple Path to Wealth
10) The Richest Man in Babylon
Bank of Baroda Kenya — 16.6%
Gulf African Bank — 16.4%
Standard Chartered Kenya — 16.3%
Kingdom Bank — 15.4%
Bank of India — 15.3%
Ecobank Kenya — 13.9%
Consolidated Bank Kenya — 13%
Guardian Bank — 12.9%
Access Bank Kenya — 11.4%
Premier Bank Kenya — 9%
KCB Bank — 18.5%
Prime Bank — 18.3%
M-Oriental Bank—18.2%
DTB— 18.2%
Equity Bank— 18.1%
DIB Bank— 17.7%
National Bank Kenya — 17%
Paramount Bank — 16.8%
Africa Banking Corporation Bank (K) — 16.7%
Habib Bank AG Zurich — 20%
Victoria Commercial Bank — 19.8%
Stanbic Bank Kenya — 19.6%
Guaranty Trust Bank (K) — 19.3%
Co-op Bank Kenya — 19.2%
Bank of Africa Kenya — 19.1%
SBM Bank Kenya— 19.1%
Family Bank — 19%