Financially Incorrect

In this episode Barrack sits down with Jacqueline Temu, a personal finance educator and management consultant based in Tanzania. Jacqueline shares her inspiring journey from supporting her siblings' education on a limited income to building financial independence through discipline, sacrifice, and strategic investments. She opens up about the cultural challenges surrounding financial literacy, her experiences in Chama groups, and the importance of budgeting, saving, and living below one’s means.

Chapters

0:00 Intro

0:31 FXPesa intro

1:13 Guest intro

2:09 What's lacking in TZ Financial space.

11:06 Did you grow up in household that had money conversations?

20:52 How did you manage paying your sibling school fees?

25:07 What are the things you were sacrificing?

27:55 What are the different payment scale in the banking sector?

31:36 What motivated you to educate your siblings selflessly?

35:02 How do you handle finances in marriage?

46:32 What investments have you made/

49:49 Wrap-up

Mark Kiarie, co-founder of Chptr, is a visionary designer, builder, and problem solver with an inspiring entrepreneurial journey. Starting as an architecture student, Mark envisioned Chptr as a tool to help real estate developers design location-specific projects and streamline bank loans. When banks in Kenya were slow to adopt the idea, Mark pursued a career at Boogertman, one of Africa's largest architectural firms. However, his pursuit of purpose led him back to Chptr, where he and his partner redefined its mission. Operating from a bedroom-turned-office, they developed a social media tool for SMEs, enabling businesses to convert WhatsApp and Instagram conversations into sales. Mark shares his journey of learning to code, overcoming challenges, and staying true to his beliefs, including his mantra: “Whatever you want will happen—it may take longer, cost more, but persistence pays off.” Tune in for an inspiring story of resilience, innovation, and the courage to dream big!

Chapters

0:00 Intro

1:08 Sponsor intro

1:50 Guest intro

2:55 Dreaming it and doing it

10:09 What's the idea behind Chpter?

15:40 Was founding Chpter pursuit of purpose or money?

34:09 What made you want to pursue tech?

35:48 What was the environment you grew in like?

39:58 When did you understand the concept of money?

46:14 What does it take to build coding skills?

50:14 What do you do once you get your 80,000 USD?

53:43 What are the 3 significant things you've learnt from when you earned KES 23 to now?

57:20 When do you earn your first salary from Chpter?

58:44 What's the cost of acquiring customers?

1:01:58 Where are you investing?

1:05:13 Wrap-up?

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In this episode, we’re joined by Waithaka Gatumia, the CEO of Centonomy, a leading financial literacy organization. Waithaka shares his journey from running his own business to leading Centonomy and offers practical insights on building financial freedom. We dive into key topics like the importance of setting clear financial goals, aligning income and investments, and balancing business growth with profitability. Waithaka also opens up about the ethical challenges in the financial education space and how personal experiences shape financial habits.

This week on Financially Incorrect, we sit down with Moriasi Omambia, the Head of Business Affairs for Sol Generation. He shares insights on why artists should be viewed beyond their entertainment value, exploring the business opportunities that surround their craft. Discover how Sauti Sol has used their platform to build successful ventures and create experiences that uplift themselves and other creatives. Plus, get an insider look at Solfest from a business point of view and learn how it’s shaping the music industry.

In this week’s episode, we’re joined by Grammy Award-winning artist Savara Mudigi from the legendary Kenyan band, Sauti Sol. Savara opens up about his incredible journey—from flipping pizzas at Pizza Inn to becoming a household name with chart-topping hits like Lazizi.

In this episode, Chimano dives into a candid conversation, addressing rumors about stolen money and reflecting on financial lessons learned as an artist. From navigating the challenges of a breakup with Sauti Sol to finding contentment with a trusted Range Rover, Chimano offers a unique perspective on life and finances. They discuss Kenya's socio-political climate, including protesting against the finance bill and advocating for government accountability. The episode explores Chimano’s early money experiences, their journey from journalism to music, and the financial struggles faced while establishing Sauti Sol as African music icons. Insights include financial learnings from touring Europe, adopting Loop's financial features, and managing band salaries and expenses by living together. Chimano also shares milestones like buying their first car, moving out, and the transformative impact of the Live and Die in Africa tour.

This episode was shot on 16th July 2024

Chapters ⏳

0:00 Intro

1:35 Sponsor s/o

2:08 Guest Intro

4:58 Protesting

9:30 What was your perspective on making money

16:00 Then vs Now

19:06 Did you consider your earning potential when choosing your career?

22:50 How did y'all manage your finances as a group ?

30:10 Did signing with a label change anything?

40:49 Moving in with one another

57:22 Sauti Sol changing point

1:00:13 The cost of setting up a big production

1:05:10 Was their a feeling of disconnect between you & your audience

1:10:35 How do you justify a salary increment

1:16:20 What are you doing with your money?

1:23:36 The allure of private gigs

1:30:21 The Break up

1:38:38 Did you panic?

1:40:10 Wrap up