Here’s an easy example, I invest with two Saccos. I receive dividend income from both annually. For one of the Saccos, I reinvest the dividends back into my Sacco savings.

For the other, I use the dividends to prepay chama contributions for the entire year. Income from my side-hustles (I have a handful) I plough back or redirect to another investment.

Unless in extreme circumstances do I use my investment income for day-to-day expenses like food and clothing. Those circumstances do arise from time to time. As is life.

I’m in my 30s now so this is the time to grow and build. The time to grow and spend will come someday soon. Probably in my 40s and 50s. I pray I’ll be around to enjoy the fruits of what I’m building now.

#4. Respect it – there’s nothing like small money

The line that separates small money from big money is so faint that it doesn’t exist for me anymore: money is money.

I have to be honest with you, though, I used to despise small money. That was until I became a freelance writer and every word I write translates to money in my pocket at the end of the month. A word for every shilling. A sweat for every coin. A story idea for every budget line.

You’ll value money more if your efforts are directly proportional to your income. Keep an eye on the small monies. How so, you ask? Well, seal the small money leaks.

For example, are you holding your cash in a bank account that’s charging you an extra Sh50 and Sh70 for services you neither need nor use? Shut the account and move to a cheaper one.

Are you sending money on M-Pesa without being aware of the Sh15 and Sh20 difference in sending brackets? For example, to send Sh5,000 costs Sh60, but when you add Sh66 ya kutoa and make it Sh5,066, then you’ll move to the next bracket and it’ll now cost you Sh75 to send.

What you can do instead, is to send that Sh5,000 then do a second transaction of Sh66 which costs you nothing. Saving that Sh15 is the small money I’m talking about here.

Then there’s the weekly shopping for fruits and vegetables. You can do your shopping like a wholesaler at Marikiti market and begin to save monthly at least Sh3,000.

And on and on it goes. If you audit your daily spending you’ll come across several of such small-money leaks. Sealing them little by little adds up to the ‘big money’ most folk give more attention to.

And it’s not being petty, it’s being smart.

#5. Be curious and hungry to engage with money

I’ve demystified money. I read on money. A lot. I’m subscribed to websites, blogs and Facebook pages about money. Magazine and newspaper columns about money call my name. If I listened to Podcasts, I’d likely be subscribed to the ones about money.

I watch YouTube videos and TV shows about money. One of my most favourites is "Shark Tank". That show where entrepreneurs pitch their business ideas to a select panel with the hope of securing financing to further their ideas. All 10 seasons of the show are streaming on Netflix. Catch them.

Whenever I meet my friends and friends of my friends, I’m usually prying to know what they’re doing to make extra money; money outside of their employment salaries. Because it’s outside their salary where a man makes his money bones.

It’s 2019 – make this your year to be a money guru of some sort.

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