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Posted on 20th June 2020 By Nawekulo Gachanja.

Debt Debt is the amount borrowed by one party from another. It is a liability. As such, it has to be taken into account as one calculates their net worth. Categories of Debt Secured Debt: Debt backed by an asset for collateral purposes. For example, one may put their house up as collateral in order […]

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Posted on 28th May 2020 By Nawekulo Gachanja.

The net worth is the difference between i.e. your assets, and what you owe i.e. your liabilities. It is a quantitative measure of your economic status. How to Calculate Net Worth Assets An asset is anything that is owned and has monetary value. In order to calculate one’s net worth, one has to first establish […]

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Posted on 23rd April 2020 By Nawekulo Gachanja.

Retirement’s the most wonderful thing I get to enjoy all the things I never stopped to notice on the way up. After an extraordinary life, it’s time to enjoy my retirement. –Patrick Macnee Definition Wikipedia – Retirement is the withdrawal from one’s position or occupation or from one’s active working lie. Cambridge Dictionary – Retirement […]

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Posted on 26th March 2020 By Nawekulo Gachanja.

ccording to Investopedia, savings are the amount left over after an individual’s consumer expenditure is subtracted from the amount of disposable income earned in a given period of time. These are monies you put aside for future use rather than spending it immediately. Savings are important in helping one manage their finances. Importance of Savings […]

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Posted on 20th February 2020 By Nawekulo Gachanja.

If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed. –Edmund Burke A budget is a plan to show how much money a person or organization will earn and how much they will need or be able to spend (Cambridge Dictionary). It’s an estimation of […]

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Posted on 5th December 2019 By Nawekulo Gachanja.

Setting goals is the first step in turning the invisible into the visible. –Tony Robbins The previous article delved into money personalities. Once you understand what your personality is, what next? It may be important to set goals. It is one thing to know what your money personality is, but goals help you prioritize your […]

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Posted on 1st August 2019 By Nawekulo Gachanja.

Money, that which some believe to be the root of all evil. Others, however, see it as a tool to make change. Money continues to baffle all. It is something that most desire, people cannot get enough of it. Yet, it seems to always slip through ones fingers. Money demands respect, or it will be […]

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