Merry Christmas. You must be busy gathering funds for school fees, Christmas festivities and end year largesse. Thank you for following my posts. We are at the end of the year 2020. A year like none other. The Kenyan economy chugs along, charmingly. World Bank and IMF loans have flowed in to help us survive the economic shock of the current pandemic. CoVid 19 preparedness made some people rich. You are probably not one of them.
If employed by Government or a parastatal, brace yourself for more retrenchments as part of IMF/WB loan conditionality. You will be thrust into full time business. Sounds good,thus far? There are other people in small business out there. Like you they are trying to be resilient in the face of multiple shocks to the economic engine in our country.
With or without a BBI referendum, with or without a bloated parliament and senate at taxpayer expense get your house in order. This is the time to review your financial stability. Make sure you have a plan to cover your family expenses for the next 180 days. Make sure your savings and investment plans are in place. Cover yourself against any risks you or your family will face in 2021. As part of your exit strategy make sure your retirement and pension plans are in place. I add value to individuals who seek clarity in financial planning. I am a Financial Advisor. It will only cost you some airtime and/or an internet connection to talk to me. I wish you a Happy New Year, 2021. You will go farther with me as your trusted Advisor. My email add is melvindlima1@gmail.com and my telephone number is +254720297433.
