20 Personal finance skills that you need to know
1. To clearly define the components of a family or personal budget and budget
2. Creating and maintaining a personal financial plan/budget
3. Discussing and dissecting your own financial habits and their effect on your life >>
4. Learn and apply new vocabulary as it relates to financial literacy
5. Understand basic banking services: checking, savings, money market accounts, rates etc.
6. Learn how to choose and keep a checking account
7. Learn about credit and how to use it effectively
8. Learn about debt and how to eliminate, maintain and control it
9. Learn how to save and the importance of saving
10. Employ basic money management skills
11. Learn how to improve and employ a successful money mindset
12. Understand and be able to implement the skills necessary for self-sufficiency in your personal career or business
13. Learn the skills needed to live within their means
14. Identify tools, agencies and services that provide financial assistance in case you need grants
15. Determine risk and returns of different investment vehicles
16. Goal-based investing-Connect your investments with your personal goals
17. Save and invest above the inflation
18. Age your money
19. Live within your means to avoid lifestyle inflation
20. Doing due diligence

• • •

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More from @TheAbojani

12 Sep
50 Innovative financial companies and products across the globe
A THREAD >>>

1. M-PESA -Launched in 2007 in Kenya, M-Pesa is today available in Kenya, Tanzania, Mozambique, the Democratic Republic of Congo, Lesotho, Ghana, and Egypt.
2. Flutterwave is an African focussed fintech that allows merchants and consumers to make digital payments domestically, intra-africa and globally. It also allows individuals and business to create online shops

It was founded and graduated from Y Combinator in 2016
3. Eversend
Eversend is an Africa-focused fintech company that launched in March 2019. It was founded by @StoneAtwine and Ronald Kasendwa. Eversend provides multiple financial products ranging from multi-currency wallets, cross-border money transfer, currency exchange, trading
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12 Sep
Today from 10am EAT, we will be doing a thread on the Layers of the M-PESA ecosystem.

Stay tuned. Stay Curious

@mmnjug @SokoAnalyst @sokodirectory @cheruiyotkb
1. Person to Person (P2P)
This refers to person-to-person transfers. To top up an M-PESA wallet, customers can either go to an M-PESA agent and convert hard cash into liquid cash or they can send the money from their bank account to M-PESA in what is known >>
as B2C(business to customer transaction). From here one can use the cash for several transactions such as payments, sending to another M-PESA subscriber etc. >>
Read 14 tweets
11 Sep
Today from 5pm, we will do a full thread on our analysis of Scangroup from a Financial analysis point of view.

Stay tuned. Stay curious
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i) 5 items that will make you understand the financials of any business
ii) 3 Key financial statements
Ice-Breaker- Accounting is a storytelling system. It tells the story of a business.

This is a picture of a butterfly. It is not a butterfly, so the financials of WPP SCAN GROUP PLC simply tell us the story of the company.
Read 16 tweets
11 Sep
6 WAYS IN WHICH TO LOOK AT SAFARICOM

1. Toll bridge Investment Strategy
There is usually only one toll bridge and every one must pass through it. The owner is thereby guaranteed a steady income stream that in the long run will make him rich. >>
A wonderful business to own in the stock market is one that functions similarly to a toll bridge
Mpesa powers 99% of mobile money transactions in terms of volumes
Every Financial Institution that wants to do money transactions to serve many Kenyans must pass through the platform
2. Supplier of Suppliers
Safaricom supplies M-PESA and other services to different industries.
These industry players then offer these services to end-users or customers. >>
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14 Apr
Coinbase Listing 101
1/5
The Nasdaq yesterday gave Coinbase a reference price of $250 per share, which would value the cryptocurrency exchange at around $65.3 billion when it lists today @pesa_africa @my_tradesignals
2/5

Coinbase will be going public through a direct listing. This is a process where the company does not create new shares for the public to buy.
3/5
Instead, Coinbase will list its already existing stock as available to buy from pre-existing shareholders, such as employees, executives, and company insiders.
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14 Apr
#MoneyWiseWednesday

LIFESTYLE CREEP

LONG THREAD❗

Lifestyle creep, also known as lifestyle inflation, is a phenomenon that occurs when, as an individual spends more resources on their standard of living, previous luxuries become seen as necessities.

>>2
Typically this occurs when someone gets a big promotion causing a boost in income. However, it can also occur when there are decreased costs of living, for example, when a mortgage is paid off. Anything that causes discretionary...

>>3
...income to increase, can lead people to begin to spend frivolously -perhaps buying a second home or joining an exclusive sports club. More insidious, perhaps, is that former one-off treats, like going to an expensive restaurant, or even buying a daily cup of coffee...

>>4
Read 10 tweets

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