Page 73 - Msingi Afrika Magazine Issue 4
P. 73
Making Money
Your Slave
Practical ways to change your life about money
By Bankelele
Twitter @Bankelele
ou have heard all the health practitioner has advised
clichés about money you to take a break.
- put your money to Learn to work in teams. Learn to
work for you, spend understand office politics. Don’t
Yless than you earn, be a gossip, but don’t bury your
never spend the principal and head in the sand. Develop your
use the power of compounding style, and live out your prin-
interest. When I gave a talk at ciples. Don’t build up or carry
a forum in October, one of the stress. Learn to live simply in all
young members in the audience areas.
said “tumia pesa ikuzoee” i.e. Take free courses if your em-
spend money so it gets used to ployer offers. Also, look out for
being around you. courses that interest you and
It would be best to break smart ask the office to support you.
money moves into three phases They have budgets for such
of life: when you are in employ- things. Learn how to speak pub-
ment; growing your network; licly, take charge of meetings,
and when you are out of em- write minutes and longer reports
ployment, and all the while, be- using the prescribed format.
ing smart about your financial Two things you should consider
transactions in the three phases. at your job: to join the pension
scheme, and join a SACCO.
Smart money moves in the Learn to invest passively, since,
comfort zone of employ- while at the office, you are likely
ment too busy to manage and super-
The best move is to take care of vise other employees and an
your health. Even if you have in- outside business. Instead, put
surance, eat carefully- and nev- your money to work for you, and
er at your desk. Exercise. Take focus on building your network.
your leave days. Do not go to
work if you are unwell and your
