MiFi: Because Financial Literacy shouldn't be Boring

 Sooo your girl might've gone on a short unannounced hiatus. I'm sorry (not sorry), considering a lot happened. So now I'm actually certified to give you finance talks. In finance bro language, we call it a Certified Financial Educator. Sounds fancy I know. But as much as my schedule has become beyond hectic, I'm still going to keep up posting. We DO NOT want to loose the pace or what we have going on here. Its just that for now...I'm in the middle of preparing the next post so sit tight (If there is anyone here other than me)  Till next time, Yours Certified-ly😂 Your WaalletWhisperer 💅💹

So It's time to get into it. Last time I promised we'd start dipping our toes into the investment world, and finally, this is that post. Because hear me out: You do not need to be rich, a finance bro, or someone who "does forex" for fun.  You just need   intention , consistency and a little bit of  "I got this." Soo... how do you actually start investing? Let's break it down like we're talking over iced coffee: Step 1: Get Clear on Why You're Investing Before you throw money at anything, ask yourself: Is this for retirement? Buying a car/house someday? Just want to grow your money at a faster rate than how it's growing in a savings account Your goal will shape where your money should go. Short-term? Low-risk stuff Long-term? Maybe a little more risk and ride the wave. Step 2: Choose Your Starter Tool If you're new, don't even think about picking individual stocks yet. Let's start with the simple and boring things that actually w...

So you've decided to save first like a responsible adult. Cue applause. But now you're staring at that money like: "Okay...what now?" Let's talk about where that cash should actually live, because your money needs a home that can nurture it and make it grow. We're gonna go through a few Rules to follow and pick it up from there. RULE #1: Don't mix your Savings and Investments They're cousins but not roommates. They are related, but both serve different purposes. Savings = Safety Net This is money you might need soon or unexpectedly. Emergency Fund (broken phone, random outings or even medical drama) Short-term goals (travel, skin care package, a new laptop, etc) Where to keep it? High-Yield Savings Account,  eg M-Wekeza A savings app/account with withdrawal limits,  eg WADU account from TCB Bank A Tip: Keep it easy to access but not too easy. You don't want to see your emergency fund during a random shopping scroll on AliExpress. Investments = Futu...

Hey you, Today's topic is all about a mindset shift that separates "I'm trying" from "I'm thriving".  If you want to build actual wealth, you need to treat savings and investment as a non-negotiable bill.  Same way you wouldn't "forget" to pay your WiFi or the electricity bill, you shouldn't be forgetting to pay yourself first. Here's the Trap most people fall into: Money comes in, right Spend on bills, food, outings, etc. Then save " whatever's left ". Spoiler Alert : Is there ever anything left really? Because life 😔😒 The MiFi way (obviously the smarter way) Money comes in Immediately set aside money for Savings and Investment. Then you can vibe with life... responsibly. Treat savings and investment as an expense you owe yourself. Because future you is depending on current you to stop playing . So, How much should you save? Honestly speaking, Start with what works for you and one that's doable: 10% if you...

Hey, Welcome back, or if you landed here mid-scroll then welcome for the first time. I know I said we're gonna break down finance bro lingo but let's take it slow. Firstly, we need to talk about you. What do you want? Like fr, why do you even care about money? Is it for freedom? For soft life? For finally buying a new car? Or to finally be able to hand in that resignation letter and live in peace? Why do you need goal (No, we're not just winging it) Setting financial goals is like turning on a Google Maps. It helps to direct you where you want to go and without them you'll just be cruising over the idea and not really have an end point. And not to burst your bubble but that's how you end up saying you get money but don't have savings or investments. Goals help you to; Stay focused especially when there's that one unnecessary purchase that could've been turned into an investment instead. Track your wins (so you feel great when you only saved 20k) Avoid ho...

I figured I should disclose this earlier on (even though it's just me). I'm Tanzanian so every reference and currency type I will use will be Tanzanian. It may probably change when we get to a wider scope of investing but for now, that's it.  Okay Byeeeee, Your WalletWhisperer💅📈