Disclaimer!

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💅📈

Comments

Post a Comment

Popular posts from this blog

Welcome to a world where finance isn't hard

  Hey you! (Yes, probably just me for now 👀) Welcome to MiFi  aka "Because financial literacy shouldn't be boring." This little corner of the internet was created so we (me and maybe you?) can figure out this whole money stuff together, but in easy mode . Wanna start investing but have no idea where to begin? Curious about what the stock market even is, or why people throw around terms like "market cap" and "index" like they're discussing weekend plans? Yeah, same. And honestly, I’m tired of pretending to understand when finance bros start flexing on dates like “Well, my ETF is outperforming the index…” Like sir, what? So, this blog is for us, whether it's just me, or a whole crew one day, to break it all down, learn the lingo, and slowly start leveling up. We’re talking money moves, savings hacks, investing basics, and maybe even becoming the ones who do get what the market's doing. No pressure. No jargon. Just real talk. Let’s l...
Read more

Investing? Like... Do I need to be Rich First?

You've probably heard people say things like: "You should start investing..." But you're sitting there like: "With what money, bestie?!?" Honestly, I feel you. Lemme let you in on a not so secret secret: You don't need to be rich to start investing. You don' need a finance degree. You don't need to wait till "you've figured it out " or "be at a stable place." You just need to start with whatever you have got.  Let's break it down fr; What is investing? It's where you put your money into something so it can grow over time. That's basically it. "Oh, I need to have a large sum so I can start investing" No you literally don't. You can start investing with a sum of as little as Tshs 5,000.  Why should you care?    Because letting your money rot in a bank account hoping it to grow while the bank charges you for minor things you don't notice means the money is not doing anything for you. Investing is...
Read more

So Now You've Saved the Money, Where Does it go?

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...
Read more