Afrikeen Wealth

  financial goal setting As Africans, we struggle with keeping our finances in order and sticking to a plan. Unlike other cultures where people first seek financial help from institutions, we look for family and friends, then the institutions. We say a problem shared is “a problem half solved.” This was the birth of the “black tax,” which derailed many of our plans. I won’t say it’s terrible, as I have been a beneficiary of it, but it messes with people’s plans.  Today’s focus was not “Black tax”; however, I wanted to talk about having financial goals and how they can benefit the African population to realize greater wealth, prosperity, and financial independence.  Here is how you can go about setting up your plan for future success:          i.            Self-Assessment  Knowing where you stand financially is the first step towards setting meaningful and achievable goals. Start by assessing your current financi...

Our Africa is undeniably a blessed continent, boasting an energetic and enthusiastic population brimming with potential. However, one glaring issue plagues this great land: the low levels of financial literacy. Today, I'm not referring to formal schooling; instead, the spotlight is on financial literacy, a critical aspect often overlooked. financial literacy puzzle A fundamental grasp of budgeting and savings is paramount to achieving the coveted financial independence we all yearn for. Understanding why these concepts matter is crucial, especially for underdeveloped countries like those in Africa. For so long, we have depended on handouts that have held us back; we have to create our own path from being broke; we are not poor. We just have to change our mindset and approach our challenges head-on. Financial Literacy Embarking on the journey to financial independence demands a starting point: financial literacy. It entails comprehending fundamental financial concepts and enab...