The Power of Saving and Investing. A story!
1/6: Meet Jane and Kim, two young professionals who started their careers at the Kienyeji Hotel. Their financial habits led them down different paths during a crisis. #ThePowerOfSavingAndInvesting
2/6: Jane was a hard worker who saved 10% of her income, lived modestly, and invested her money wisely. Kim, on the other hand, spent most of his paycheck on "sherehe" and was always in debt. #FinancialHabits
3/6: A few years later, the company went through a major layoff, and both Jane and Kim were let go. Thanks to her savings and investments, Jane was able to weather the crisis, while Kim struggled with no savings and a lot of debt.He had to move back in with his parents (at 35).
4/6: Jane's story is a reminder that financial security is important. By saving and investing, she was able to weather a difficult financial storm. Kim's story is a cautionary tale of what can happen when we don't save and invest. He was left vulnerable. #LearnFromMistakes
5/6: Want to secure your financial future? Start by saving and investing early, spending within your means, paying off debts, and creating a financial plan. #TakeControl
6/6: Join our June Masterclass and learn how to save and invest your money wisely. Take responsibility for your finances and build a secure financial future. #JuneMasterclass#FinancialSecurity#AbojaniInvestment
Abojani Online Masterclass Payment Details
~ Paybill: 469345
~ Account Name: Your Name
~ Early Bird Discount: Ksh 4,500
Regulated by ICIFA
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1. Assess your debt - Start by gathering all your financial documents and make a list of all your debts. Include information such as the outstanding balance, interest rates, minimum monthly payments, and due dates for each debt.
2. Create a budget - Evaluate your income and expenses to develop a realistic budget. Prioritize essential expenses like housing, utilities, and food, and allocate a portion of your income towards debt repayment.
How to Protect Your Finances During Economic Uncertainties? 1/6 Create a financial plan. This will help you stay on track with your spending and savings goals, even when things get tough.
2/6 Budget. Don't let fear dictate your spending. It's easy to overspend when you're feeling anxious, but it's important to resist the urge. Stick to your budget and only spend money on essential items.
3/6 Pay down debt. Debt can be a major financial burden, especially during times of economic uncertainty. Make a plan to pay down your debt. Reducing your debt can help you abate financial stress.
@SafaricomPLC@NSE_PLC 1/27 Dear @SafaricomPLC investor Kenya's after-tax profits grew by 3% to Ksh 74.5bn. The Safaricom Ethiopian startup loss was Ksh 22bn. Since Safaricom Kenya owns 55.7% of Safaricom Ethiopia, only Ksh 12bn out of the Ksh 22bn loss is attributable to Safaricom Kenya so the… twitter.com/i/web/status/1…
2/6 @imbankke has doubled its unsecured credit limit from KES 5 million to KES 10 million effective April 2023. This move by the lender makes the Kes 10 million loan limit the highest in Kenya for unsecured personal loans. @mbuguanjihia@alykhansatchu@MihrThakar
The Unsecured Personal Loan product is offered under the ‘I&M@Work’ workplace banking program.
Total Assets: refers to the total value of all of the bank's assets, including cash, loans, investments, and property.
Total Assets increased by Ksh 106.73 billion from 2019 to 2023. The 18.30% YoY growth in March 2022-2023 indicates a period of strong growth for the bank.
Building an emergency fund is an important step in achieving financial stability and security. An emergency fund is a savings account set aside specifically to cover unexpected expenses or emergencies.
Here are some steps you can take to build an emergency fund: @MihrThakar
1. Determine how much you need - You should aim to save three to six months’ worth of living expenses. Calculate your monthly expenses, including rent/mortgage, utilities, food, transportation, and other necessary expenses.@thesharkke@WaruhiuFranklin@SokoAnalyst@Davinedavid1
2. Set a savings goal - Once you know how much you need, set a savings goal and make a plan to achieve it. Consider setting up automatic transfers from your checking account into a separate savings account specifically for your emergency fund. @mytradesignals