#AbojaniTrueStoriesSeries 🧵🧵

MY MILLIONAIRE FRIEND AND I

Dear age 35-45, please listen.

I graduated in 2010 and got a job at a lucrative government parastatal. My entry-level management trainee salary was Ksh 87,000. I had a steady salary, numerous allowances, and a few side deals, money flowed, and I lived a life my friends envied. Within three years, I was promoted, doubled my salary, and my employer sponsored my master’s degree. I quickly settled into the fast-paced lifestyle of the city. My friends joked that I could buy a yacht, but little did they know, my financial ship was already sinking, only that I didn’t see it! I never saved or invested in any income-generating activities.

#TrueStoriesSeries

I am a financially stable medic. Where are the financially stable men?

I am 36 years old, extremely financially stable, without a child, single, (Although this year I hope to meet ‘the one’) in a flourishing career in the medical field. I have been following the @TheAbojani Alumni series of stories with keen interest. When I look at my financial stability journey, I feel like I don’t even deserve to share anything because most people go through a lot before they become financially stable.

10 Things Every Business Owner Should Do to Get Their Money in Order in 2025🧵🧵

1⃣Separate Personal and Business Finances
Make sure to open a dedicated business account. Mixing personal and business funds can lead to confusion, tax issues, and missed financial opportunities. Keep it clean and organized for easy tracking and management.... 2⃣Create a Budget and Stick to It
A budget is the foundation of financial discipline. Outline your business expenses and revenue projections. This will help you stay within your limits, plan for growth, and avoid unnecessary debt.

3⃣Track Your Cash Flow Religiously
Understanding where your money is coming from and where it’s going is key. Use accounting software or even a simple spreadsheet to track every transaction. Positive cash flow is the lifeblood of your business.

"What is a 50K Salo?"

In Nairobi, a 50K salary is a pretty decent paycheck for a young person just starting out. It’s enough to cover rent in a small apartment, pay for data, keep food on the table, have the lights on, and have a bit left over for the essentials.

They say you don't value what you have, until you lose it. Many young people earning 50K still live paycheck to paycheck.... Joseph.

At 25, he’s got his first "real" job—working as a junior creative in an advertising agency in the city. His monthly salary of Ksh 50,000 is his source of pride. It’s enough to make him feel like he’s “made it.” But when you break it down, it’s easy to see how quickly that 50K can disappear, leaving him scrambling to make ends meet before the next paycheck rolls in.

Dear 20-Something-Year-Olds...

☑️Invest in Yourself: This is the time to learn, grow, and explore. Invest in your education, skills, and personal development. The more you invest in yourself now, the greater the returns in the future.... ☑️Build Strong Relationships: Surround yourself with positive, supportive people who lift you up and inspire you to be your best self. Cultivate meaningful friendships and nurture your relationships with family and loved ones.

For those that have just started earning an income, trust the process.

Wealth has 7 distinct stages:🧵🧵

1⃣At first you are in debt. You probably have small-small loans here and there that you took up before your earnings became stable.

2⃣Hand-to-mouth. Then you get that job you have been applying for or your business just picks up so well and you repay your loans. But for a while you may find yourself living hand to mouth. This is the stage where you decide what you want to do next to ensure you don't just survive but thrive 3⃣3+ months of expenses savings. Next you set up an emergency fund, typically a MMF account, just in case you lose your job or something terrible happens to your source of income. If you are financially aware you find yourself saving up 3 months of your expenses.

4⃣Some investments. Before you know it, you have made some investments here and there, you have probably invested in the stock markets or even fixed income markets. Depending on your risk appetite, you have your money working for you in several places. You start small with whatever you have!

#TrueStoriesSeries

HOW MAMA'S BOY GOT FINANCIALLY RUINED 🧵🧵

I got married in 2014. We had three children. I am using 'had' because I am not no longer married. Excuse my language but I still get incensed whenever I think about her. I grew up in a large family. My father had 8 children. And when it comes to financial matters, he made the money and handed over everything to my mother. The house we lived in, the farm my parents bought, the car my parent drove, and the fees that were paid in school were all done by my mother.

#TrueStorySeries

I DISCOVERED FINANCIAL DISCIPLINE AT 51 YEARS

I have been employed for 32 years. I started working in 1992 as a teacher in Nyamira. In 1995, I was suspended from the teaching job, and I opted to resign. I stayed a whole year without income and even went back to my father’s home.... In 1997, I joined Kenya Post and Telecommunications. It’s nowadays simply known as Posta. I started at the Kisumu office. I was later transferred to Mombasa, and eventually, in 1999, I got promoted and sent to Nairobi office.

Back then, Kenya Post and Telecommunications had the monopoly of sending letters or parcels, we provided call services through phone booths, telephones in offices or people’s homes and at the turn of the millennium, we were the first to install internet-enabled computers before cyber cafes became common. ....

IS MIDDLE CLASS JUST AN ILLUSION??🧵🧵

Sarah. She’s 30 years old, lives in Athi River, and has a steady job in marketing.

On paper, her life looks pretty good. She earns 400K a month, has a decent apartment in her neighborhood, and can afford to go out to eat with friends on weekends.

From the outside, Sarah’s life looks successful — she’s living the "African Dream" But if you were to take a closer look at her finances, you’d see a very different picture....... She wakes up early for her commute to work, knowing that her paycheck will hit her bank account in just a few weeks.

She’s grateful for the job that pays her well, but it never feels like enough.

When she gets home in the evening, the reality sets in. The bills are waiting. Rent, utilities, credit card payments, her HELB loan, black tax, and the list goes on...

Retirement Rich But a Health Crisis Away from Misery 🧵🧵

James had always been a hard worker.

He was the type of person who believed in earning his keep, planning for the future, and saving for rainy days.

For over 30 years, he worked diligently at his job, often staying late at the office, always thinking about the future. He knew that retirement would come one day, and he wanted to be ready.... Every paycheck, he set aside a portion—some into a savings account, others into various investments.

He was building what he liked to call his "retirement wealth basket."

It wasn’t easy, but he always told himself that the sacrifices today would pay off tomorrow....

John Gachora ...🧵🧵

Every man has his own modus operandi.

For Gachora, he seems to be the man that audaciously believes himself into greatness!

On his LinkedIn profile, he states " I have differentiated myself by starting with the end in mind placed against a strong belief that I can model anything.”

Armed with a Degree and a Masters in Electrical Engineering, one would think Gachora would be busy modeling signal processes, network traffic, and data transmission.

And how wrong can one be! Surprisingly , the man is busy ‘modeling’ in the financial services industry, sitting as Group MD of a leading Tier 1 bank and even more surprisingly, as the chairman of the banks’ lobby, @KenyaBankers ....

How to Break Free of Debt:

It's hard to focus on growing wealth when you're struggling to keep up with loan payments.

Loan payments take a significant chunk of your income.

This leaves less money available for saving and investing, the cornerstones of wealth building. To alleviate this burden and work towards debt repayment, you can use Avalanche or Snowball debt repayment strategies.

You may have heard the old proverb, “Shirtsleeves to shirtsleeves in three generations.”

In Japan, the expression goes, “Rice paddies to rice paddies in three generations.”

The Scottish say “The father buys, the son builds, the grandchild sells, and his son begs.”

In China, “Wealth never survives three generations.”
>> Imagine you work so hard to build long lasting wealth by dedicating yourself to saving money with a long term approach to investing, only for your third generation to burst your bubble!

Or a man working hard to buy a piece of land, his son building a successful business on that land, but then the grandchild, instead of taking care of the business, sells it off without thinking about the hard work put in!
>>

Passive income refers to the money earned with minimal effort or active involvement on an ongoing basis. It is income generated from assets or investments that require little to no regular maintenance or direct participation. Here are some popular examples of passive income streams:
A Thread!!
@WaruhiuFranklin @SokoAnalyst @Davinedavid1 @mytradesignals @mtucreativity @cheruiyotkb @MihrThakar @thesharkke

(Thread) Different corporate actions can impact your investment in different ways. Here are some key points to keep in mind: 1/7 Dividend payouts can increase investment value, but reduced savings for the company may impact future growth prospects. Dividend cuts or omissions can negatively affect investment value & sentiments.

1/4 Banking institutions hold the largest portion of government domestic debt, followed by pension funds, insurance companies, and parastatals. Other investors account for the remaining portion. @CBKKenya 2/4 Between December 31, 2021, and May 12, 2023, the percentage of government domestic debt held by banking institutions decreased from 50.20% to 45.56%.

VALUE STOCKS 101
Value stocks are shares of businesses that are thought to be undervalued or that are selling for less than their actual value. When compared to the broader market or other companies in their sector. Here are some common attributes associated with value stocks:
A Thread !!
@MihrThakar @cheruiyotkb @WaruhiuFranklin @Davinedavid1 @mytradesignals @thesharkke @ScopeMarketsKE @mnandii

Why Should You Care about Dividends?
1/8 Dividends are a portion of a company's profits that are paid out to shareholders. They can provide a steady stream of income for investors, or be used to reinvest in the company, which can lead to future growth. 2/8 There are two main types of dividends: cash dividends and stock dividends. Cash dividends are paid out in cash, while stock dividends are paid out in additional shares of stock.

Thinking of investing in stocks? Here are 3 things you need to consider before buying shares. A thread! 1/3 Know your financial situation. Don't invest money that you can't afford to lose. Investing in stocks involves risk and uncertainty, so make sure you have enough savings and income to cover your expenses and emergencies.

Key factors to consider when evaluating a company for investment.
A thread!!

1/4 Business analysis- this involves understanding the company’s business model and how it makes money. Does the company sell products or services? How it generates revenue and profit .Its costs and… twitter.com/i/web/status/1… 2/4 Distribution model - refers to how the company gets its products or services to its customers. For example, does the company use direct sales, online platforms, retail stores, or distributors? How it reaches its target market , how it handles logistics and delivery.

Thread on Njambi's Journey as a Stock Investor:

1/8 Njambi started investing in stocks in her early 20's when the trading process was manual. Investors would place orders through brokers, and stocks were traded through negotiations. Settlement was manual too, posing various… twitter.com/i/web/status/1… 2/8 Despite the challenges, Njambi was determined to learn and improve her investment journey. She was always eager to put in the extra effort to succeed.