@MihrThakar You forgot, while other's buy cars and take matatus commuting to work, he prefers his Hirojet "blackmamba" bicycle, in the process keeping fit.
Personal finance tips from Muhindi Mzee:
1. Goes to work in champali - This makes goons underestimate him, makes beggars think he's one of them and also keeps regulatory agencies "merciful".
2. Retirement planning - Encourages his teenage children to come to work on holidays.
Murang’a is showing us what devolution should look like. Governor @HonKangata has gone beyond rhetoric by personally demonstrating the My Murang’a App, a tool that puts services directly in the hands of citizens. This is transparency, efficiency, and people‑centered governance in action. Other Counties must benchmark this innovation. Devolution is not about building empires, it is about empowering wananchi with accessible, accountable systems. Let’s replicate what works, discard what doesn’t, and ensure every county delivers real value to its people. Congratulations @MurangaGovt_021
It is untenable to shoulder a 1.5% housing levy, 2.75% SHIF deduction, 6% NSSF contribution, and a staggering 30-45% PAYE , only to still grapple with exorbitant school fees, skyrocketing rent, punitive fuel prices, and endless medical fundraisers because SHIF remains woefully inadequate.
@moneyacademyKE CBK licensed 32 more digital lenders a week ago, & many more still waiting, it reveals a clear pattern of drawing Kenyans into a cycle of debt.
Payslips have been raided to the extent that even people in gainful employment now need to borrow just to make it to the next paycheck.
Over 50% of salaried workers in Kenya rely on advance loans to survive due to the rising cost of living, according to a new report.
The report reveals Kenyans are increasingly depending on short-term credit to cover monthly expenses.
The BBC has found a pattern of spikes in trades on financial markets ahead of public announcements by President Trump, including during the Iran war. 🎧 #GlobalNewsPodbbc.in/4vVxjYm
"I seek to buy a Sh 1.2M car. Should I use MMF savings or loan?" - John.
A car going for Sh 1.2M will cost you Sh 24K p.m (average) for a 6-year loan. That Sh 1.2M loan will cost you over Sh 600K.
Ksh 1.2M in MMF will earn about 10K p.m. If transferred to a special fund, it would return about Sh 50K every 3 months.
In 72 months, you will have more than Sh 700K in MMF interests as you'll benefit from compounding interests. In a special fund, you'll have gained another Sh 1.2M ✨
A hybrid option at 60% loan against total cost plus 40% MMF savings is ideal to minimize loan interests and retain some liquidity.
If your salary allows, you could take a full loan and still stay liquid while enjoying cash flow that could help maintain and fuel the vehicle.
The BBC says it has found a 'consistent pattern of spikes just hours, or sometimes minutes' in financial markets before a 'social media post or media interview' by President Trump.
Your Tax Accountant Should Do More Than Just Filing Taxes
YES ! They should go beyond routine return filing.
They should advise you on:
-The tax risks you are exposed to based on the nature of your business,
-Tax planning measures to help optimize your tax expenses, and
-Timely updates on changes in tax laws that impact your operations.
You leave Kenya for Australia, but instead of engaging with the international community and experiencing cultural exchange, you choose to associate only with people from your village to advance Prophet Owuor’s gospel.