Financial success is a matter of planning and management of funds, not how you spend. This justifies the adage that being rich is determined by how much you save, not how much you spend.
However, very few people know how to manage what they earn from their daily hustle. Worse still are the upcoming entrepreneurs who stagger and lose the grip even before they make a fortune out of their initiatives. They blame the dwindling economic times.
Others come up and even outshine the existing gurus, and the failures wonder where they made a mistake. Well, it’s all about financial literacy, according to financial consultant Manyara Kirago.
Some of the grave mistakes entrepreneurs make include taking loans to maintain an image, which is becoming more prevalent among the modern generation of businesspeople. There’s however a difference between good and bad debt. A good debt is one taken for an investment that appreciates however, bad debts including investing borrowed money in things that depreciate like cars.
Seeing the danger to the average business persons, Manyara has decided to offer a piece of advice to the business world a time that they are complaining of financial downfall, on basic steps to take to overcome the economy’s downfall
The free training is aimed at educating Kenyan employees, professionals and managers on money mistakes that they make and how to avoid them. In the training to be held at St Andrews Auditorium on September 28 from 5.30- 8.00pm, Manyara aims at informing, challenging, inspiring participants to improve their lives by giving them money skills that are easy to implement but practical.
Manyara is a registered financial consultant, a long time newspaper columnist and has been quoted in numerous finance articles. He is also the author of the book, How to become a lifelong success.
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He has conducted numerous personal finance training for blue chip companies like Safaricom, NIC Bank, East African Breweries, Price Water Coopers (PWC) and EY; all whom have high appraisal for his works and how his training has positively impacted and changed their financial lives.
According to PWC’s Bernice Kimacia, Manyara’s content delivery method provides a practical and easy to implement learning on how to better manage ones finances
“All through life we are taught to make money, how to earn but barely taught how to manage our finances. Most Kenyans immersed in debt and some living way beyond their means. We also never get any skills about how when to invest and Manyara Kirago is just the man to trust helps us take charge of our finances,” asserts Ms Kimacia.
A part from the business world, Manyara helps Kenyan employees, professionals and managers improve their financial lives by increasing their wealth, achieving their goals and finally reducing debt. He helps employers increase employee productivity also.
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