What is Good Debt?
Part of what separates good debt from bad debt is how it’s managed. This means using credit responsibly, like making monthly payments on time. However, any debt you can’t pay back on time could end up being considered bad.
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Why You Need an Emergency Fund and How to Build One
An emergency fund is an essential part of any financial plan. It provides you with the financial security you need to weather unexpected emergencies without disrupting your budget or long-term financial goals.
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Saving vs Investing: Which One is Right for You?
Saving and investing are two different approaches to managing your money, each with its own benefits and drawbacks. When deciding which strategy to adopt, consider your financial goals, risk tolerance, and current financial situation.
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Avoid These 8 Financial Behaviours If You Do Not Want To Go Broke
Money management is a vital part of achieving financial stability and security. However, it can be easy to fall into bad behaviours that can put your financial well-being at risk. Financial behaviours are the actions and decisions that we make when it comes to managing our money. Some of these behaviours may seem harmless at…
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Understand the Infrastructure Bond IFB1/2022/18
Infrastructure Bonds are bonds/loans issued by the Government for the financing of a public infrastructure facility e.g road, hospital, or energy project. This bond will be used to fund the infrastructure projects in the 2021/2022 budget. Duration of the new bond: 18 Years The coupon is the return you get from investing in a bond. It’s…
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Top 5 Money Market Funds Review: January 2022
Cytonn, Zimele, Nabo Africa, Apollo, and Sanlam fund managers stood out in January 2022, posting the top 5 Money Market Fund rates in Kenya. Below is more on the rates posted by the fund managers, what you need to start investing with each of them, and features that make each fund manager unique. 1. Cytonn…
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Top 10 Money and Wealth Quotes to Empower You
Money and wealth are crucial in our financial freedom journey. The way we measure our abundance of valuable possessions is as important as the sanity of our minds and the beating of our hearts. Money gives us the tools for our next move as we drive towards wealth. Looking for inspiration as you build your…
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Top 5 Money Markets Review: September 2021
During the month of September, the following fund managers stood out posting the top 5 money market fund rates as of 30th September 2021. Cytonn Money Market Fund Cytonn has consistently remained at the top of the money market funding offering an average daily return of 10.12% and an average annual effective rate of 10.65%,…
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Do I need a million shillings to start my investment journey?
NO. You do not need a million shillings to begin your investment journey. You can start your investment journey with a million shillings, but you can also start your investment journey with as little as Kshs. 100 and grow to a million. The trick is to start where you are, with what you have. Different investment platforms…
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Why You Should Understand Risks When Investing
Risk comes from not knowing what you are doing. Warren Buffet Most of us are commonly attracted to investments that offer high returns and, more often than not, we focus on the return and forget to assess the risks involved with that particular investment. Risk (or return trade-off) is “the ability to sleep well at…
