The author of "Rich Dad, Poor Dad", Robert Kyosaki, once said that most people fail to realise that in life, it’s not how much money you make, it’s how much money you keep. Today, we speak to three young people who’ve mastered the art and science of making their money grow.
What comes to mind when the word investment is mentioned? I bet land and real estate immediately top your list. However, with the advent of the internet, the number of avenues to invest in has tremendously increased through financial markets.
A financial market is any marketplace where the creation and trading of financial assets such as shares, debentures, bonds, derivatives and currencies occurs. Whereas these might not be very common in the country, they offer an easier way to start investing even with little capital.
Esther Kariuki, Youth Program Manager at Centonomy and an investor in money market funds
Have you ever listened to a friend talk about how to manage money to the point you feel like you’re a complete fool when it comes to money?
That was the experience of Esther Kariuki the Youth Program Manager at Centonomy, a social media content creator, business owner and also a serial investor in money market funds before she took financial literacy classes which trained her on financial management and opened her eyes to opportunities available in the financial markets.
"I had my road to Damascus moment in my third year as a biotechnology student when I had just started my attachment at Kemri. At the time, I had no idea that financial literacy classes exist, let alone understand what it meant to be financially literate. In one of our breaks, I had gone for lunch with a friend who was taking financial literacy classes called Centonomy Campus Edition. I listened to her speak and she sounded so smart when it came to money, and I knew that I too needed to take those classes. At the time, I didn’t know that I could invest while young. To me, it was for the old and it entailed buying land and building a home. That was what investment meant to me then. It took the intervention of financial literacy classes to learn that you can start investing with any amount of money you have and the options that were available for me," she says.
A money market fund is a form of mutual fund that invests in […]