Rent or Buy? Save or Invest? Personal finance tips ft Gichuki Kahome | Ep 65

This week we are trying things a little differently. This week we are joined by personal finance extraordinaire Kahome Gichuki. In this episode, Kahome dives into financial topics relevant to adults in Kenya and across Africa. He offers practical advice on avoiding unnecessary loans and long-term debts, reminding listeners that everyone's financial situation is unique. Kahome also shares his background in finance and stresses the importance of boosting income potential as a key to a healthy financial life.

The discussion covers key financial decisions like buying a car, renting versus owning property, and the critical importance of understanding the numbers behind real estate investments. Kahome encourages creating personalized budgets that reflect individual values, while emphasizing mindful spending. He also addresses the challenges of saving and investing, especially when dealing with high expenses or the pressure of comparing yourself to others.

Finally, what do you think, do you think having children is a good financial decision? 🤔

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Chapters:
0:00 Intro
2:14 Sponsor shoutout
2:53 Guest intro
5:43 What should I consider before buying a car
14:56 How do my finances justify how when I upgrade ?
18:30 Renting vs Ownership
28:40 Am I forgoing anything if I buy a house for 17M
43:05 Is there financial room for collateral
44:11 So how should I live?
58:43 Financially speaking, should I have kids?
1:06:30 What shouldn't I miss in my portfolio
1:12:58 Wrap up