Wealth creation basket:
- MMFs
- Stocks
- Bonds
- Real Estate
Wealth Protection basket:
- Health Insurance
- Life Insurance
- An emergency fund
Often, we prioritize wealth creation and forget the importance of wealth protection
Uhuru’s economic legacy is fake debt financed prosperity which benefited urban rentier elites, at the expense of producers, reflected in consumerism similar to resource windfalls economists call “Dutch Disease”. There was no other way this was going to end but in tears.
Advanced nations for centuries built their economies using coal, fossil, carbon emitting proboxes etc. Now they are throwing $30m to a whole continent & are asking developing countries to engage in endless & useless climate change talk. Developmental stage matters guys! Pass!