By Anne Wanyoike<\/p>\n
We asked Team ABC, ‘ What lessons have you learnt about money lately?’ and the answers were enriching, (see what we did there?) to say the least. Read more here…<\/p>\n
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W, Marketing – Don’t lend to friends. It will cost you both your money and your friendship. Instead, give what you can spare to pals in need, and write the amount off as CSR.\u00a0<\/em><\/strong><\/p>\n C, HR – You will die poor if you do not save, irrespective of how many years you work \u2018 hard\u2019 . <\/em><\/strong><\/p>\n E, Treasury–\u00a0 Learn the time value of money: the value of a shilling\u00a0 today is not the value of the same shilling tomorrow.\u00a0 Invest wisely.<\/em><\/strong><\/p>\n M, HR, Saving is simple but it\u2019s not easy. The greatest obstacles in your journey are greed and fear. Every day, ask yourself, \u2018Am I saving enough?\u2019 Be the lion, the king of the jungle of your finances.<\/em><\/strong><\/p>\n R, HR \u2013 You will never have enough money; so make what you earn count. Be a good steward. Also, never compare your financial situation with that of others\u2019<\/em><\/strong>.<\/p>\n F, Retail Banking \u2013 More on comparing. \u00a0Don\u2019t keep up with the Joneses who spend. Keep up with the Joneses who invest. <\/em><\/strong><\/p>\n M, Custodial services- To manage money effectively one must invest in financial literacy. This means reading lots of information on investments, researching on the pros and cons and returns and risks of various investments as well as consulting knowledgeable people. It could also mean paying for a personal finance course. We pay a lot of money to study courses that we do in the hope of getting a better job. Why not also pay to be better at making use of the money we are making and to make more money from it?<\/em><\/strong><\/p>\n S, Operations– Live within your means!<\/em><\/strong><\/p>\n O, Treasury– Money keeps changing; from barter trade to cryptocurrency. Invest wisely<\/em><\/strong><\/p>\n J, CBO – Be ambitious. Use what you have to achieve more. Comfort is the enemy. <\/em><\/strong><\/p>\n S, Clearing- It is wiser to save, then spend, than to spend, then save.<\/em><\/strong><\/p>\n L, Treasury– Don\u2019t work for money, let money work for you. <\/em><\/strong><\/p>\n \u00a0<\/strong><\/p>\n \u00a0<\/strong><\/p>\n \u00a0<\/em><\/strong><\/p>\n \u00a0<\/em><\/strong><\/p>\n \u00a0<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"