Make Money

In a world where financial struggles are all too common, everyone wants to make more money. The Monyonchos are no different. Ken Monyoncho's wife challenged him to reach for more — a higher income. The career civil servant set out on a mission to earn an additional income. Little did he know the journey would take him down a path he never expected — forming a personal finance management venture.

Today, despite being one of the commissioners at the Salaries and Remuneration Commission (SRC), qualifying for significant perks at the end of his term, Ken has not been resting on his laurels. He shares the pivotal moments that changed his family's financial transformation, empowering them to create a future of financial freedom.

Initially conceived as a savings and loans vehicle, Saccos - Savings and Credit Cooperative Organisations - have transformed how people save, borrow, and invest. Millions of Kenyans have leveraged the expansive Sacco movement to not only make money but also build wealth, with thousands crediting their asset ownership to Saccos.

Does the same hold today? Should you join (if you haven't yet) or keep investing in Saccos? How do you choose the right one? How can you evaluate its financial stability and ensure your money is well-protected?

Joining us in the latest episode is Harambee Sacco CEO, Dr George Ochiri, to discuss the tools and knowledge you need to explore the world of Saccos.

Interest in land and properties investment is as old as the hills. With countless property advertisements on radio, television, newspapers and billboards, investments in the hard assets are as lucrative as it gets.

Nevertheless, pitfalls are as common as opportunities, putting the odds of failure in real estate investing just as high as the gains.

On this week's episode, the Head of Sales at Superior Homes Kenya, Faith Mutio dives deep into various real estate niches, exploring the pros and cons of each, so you can find the right fit for your investment goals. Learn how to overcome challenges and embrace risks.

"Ship your grain across the sea; after many days you may receive a return," so says the writer of Ecclesiastes 11:1.

Investment opportunities are not limited to your locale. Are you interested in growing your wealth and diversifying your investments? Even if you are the "bird in the hand is worth two in the bush" type, you can learn smart investments and strategic planning. Let's explore the latest trends, strategies, and opportunities of offshore investing.

In this episode, we breakdown the nitty-gritty of offshore investing with the Head of Distribution and Global Markets at Standard Investment Bank (SIB) Victor Marangu, including navigating legal and regulatory hurdles to reap from incentives such as lower tax regimes and reduced foreign exchange volatility.

The Nairobi Securities Exchange boasts of over 60 listed companies in 12 sectors including banking, manufacturing, investment and commercial services. On the fifth episode of the Make Money podcast, Research Analyst Solomon Kariuki gives a guided tour on stock investing and what it takes to make money from the NSE.

What are the ins and outs of lending the government? What are the benefits of investing in government bonds and securities, and the potential risks involved?

In this week's Make Money podcast, we delve into the world of Treasury bills and bonds with economist Churchill Ogutu breaking down how to make money from being a creditor to the government. Learn from his insights on the economic factors that can impact government borrowing and lending, and how to evaluate the creditworthiness of a government entity.

Have you put your money in a pooled fund or considered it but are unsure if it is the right choice? Collective investment schemes have become one of the most popular investing avenues, boosted largely by the minimum investment requirement, which is as low as Sh5.

On the third episode of the Make Money Podcast by Business Daily Africa, Financial Planner Belinda Kiplimo explores the potential benefits of pooling your money with other investors as well as the drawbacks, including loss of control over individual investments.

We'll share some tips on how to evaluate different options to find the best fit for your investment goals. Tune in now and join the conversation!

There are many myths and misconceptions on investing that prevent people from getting started or making smart decisions. But fear not!

In our second episode CPA David Mola King'oo separates fact from fiction. From overnight success, to not being wealthy enough, to being too young to start, King'oo de-clutters some of the widely held ideas about investing to help us make informed decisions.

Listen in and start investing with confidence!

On the debut episode of the Make Money podcast, Abojani Investments CEO and Co-Founder Robert Ochieng is our personal finance fitness coach who walks us through what it takes to be ready to make the first move towards making money, the changes required and the pitfalls to avoid.