Listen "The Path to financial freedom - Day 32/30- Season 2 2023"
Episode Synopsis
Send us a textHave you ever pondered how 500 shillings a day could amount to millions in the long run? Join us as we unlock the secrets of compounding, and show you how this financial wizardry can set you on the path to financial freedom. We also take a closer look at the stock market, which has been a dependable investment option delivering an average of 12% returns over the past 50 years.Our discussion is not limited to just the stock market; we dive into the intricacies of investing in stocks and the art of diversification. We present a unique strategy that involves dividing your investments into three categories: one that can't lose money, one that has low risk, and one with the potential for higher returns. Tune in as we lay out this strategy, emphasizing security and steady growth—a must-listen for anyone looking to sustain a robust portfolio.We then pivot to one of the most significant investments you can make: investing in yourself. From establishing a savings plan to taking personal responsibility for your financial life, our discussion is packed with insights and tips. A highlight is our segment on homeownership as a savvy investment—we discuss how to leverage bank financing, understand affordability, and tackle mortgages efficiently. We conclude with a crucial segment on managing debt and saving for the future. So, join us as we break down the world of finance, investment, and wealth creation, one episode at a time!www.cremministry.org
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