With a portfolio of KES 20M, you can withdraw KES 1.2M every year & probably never run out of money
This only accounts for 6% of your portfolio
With an average annual return of at least 6% you can survive on KES 100K a month
This is how to think about retirement planning👇👇
Harsh truths I know about life at 44:
1. You spend life with one person, which is you. If you don't like yourself, you will have an issue.
2. Growth is painful. Staying in the same spot as last year is even more painful.
3. You can't help someone who doesn't want to be helped.
With the many advantages that SACCO loans have over bank loans,
I've seen people question if it makes sense to take a SACCO loan and invest in other financial assets like bonds, stocks, MMFs, etc
Here's why this makes very little sense👇👇
Without a plan for spending and saving, it becomes difficult to reach one's financial goals, and miss out on opportunities to grow your wealth.
A thread!
There are 4 main types of unit trusts but most people only know of Money Market Funds.
Other types include:
1. Balanced funds
2. Equity funds
3. Fixed income funds.
Let's discuss them below👇👇
Today I learned this interesting interviewing process that’s used by big companies and I thought I would share so that someone else would benefit. So in terms of your behaviour, they’ll ask questions and there is a certain procedure they use to rate you.
I had a conversation with a man I met who was paralyzed halfway from a stroke. Never seen someone speak with regret as he did. He said he spent most of his years working so hard, with little time spent to have enough sleep, just working so hard to create a future for his family.