DO SMALL COINS MATTER?

 We live in a generation that tends to undermine the small coins. Did we know that an ocean is made up of small tributaries that feed into it? This concept should make us appreciate that small efforts towards our financial advancement matters. So many times we are only excited when we make bug changes in our finances but the small and seemingly insignificant progress must never be discounted. 

For example it is common for some university students to spend all their money on unplanned ventures and at the end of the day they wonder where their funds went. This is majorly because our education system makes us only appreciate the big wins. The small wins also matter. Even a strong building starts with a strong foundation. Today we have so many youths who resort to gambling as a source of income. The question is, how sustainable is gambling. Today we have youths who want to earn without working and some youths do not see the value of having accounts in financial institutions. In the end they move with their funds which makes them vulnerable to financial shocks.

I know of a university student who did not have school fees but decided to start hawking fish as a way of raising tuition. She was laughed at by her colleagues. However due to sheer determination she was able to complete her studies and set up a fish company that is employing several women and contributing taxes to government. Had she succumbed to the opinions of her friends perhaps she would not have completed her university education. 

So many people especially the youths have the potential to build financial reserves but they have little faith that it can be accomplished. What they need is the encouragement that they can do it and it is possible. There are so many stories of leading entrepreneurs who started small and today they are wealthy and successful. Professor Muhammad Yunus started  Grameen Bank a s a project in Bangladesh to serve poor people and today it is a pace setter in the microfinance industry around the world. Peter Munga started Equity Bank as a small building society in Kenya and today it is a financial conglomerate in Africa.

HOWTO IMPROVE OUR SAVINGS CULTURE IN 2025

1.Have a clear financial vision

2.Set clear financial goals

3.Develop a budget

4.Save as you earn

5. Develop a savings plan

6.Avoid self comparisons

7.Research before you invest

8. Celebrate small wins

9.Automate savings

10.Track expenses


Every coin matters. Remember that an ocean is fed by tributaries. To enhance our financial advancement mindset change is very critical.


Phillip Kiryowa

Personal Finance Coach 

Advanced Empowerment Link 

+256752615916


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