Mastering Your Money

Mastering Your Money for Young People in their 20s and 30s is a timely financial guide for not only the youth in their 20s and 30s but also people in middle ages who are parents, caregivers, instructors, preachers, mentors and other key stakeholders. The book is Chacha’s second publication that builds on the solid foundation laid by his first ground-breaking personal financial manual, Mastering Your Money: A Practical Financial Manual in Your Journey to Financial Freedom, which became a bestseller in Kenya in 2020 and 2021 in the wake of the Covid-19 pandemic. 

The book was published in December 2023. It was written out of the ever-increasing challenge that young people in their 20s and 30s do not have the requisite personal financial skills to navigate the problems they face. Notably, majority of the young people have sunk into a vicious cycle of bad debts to finance their YOLO lifestyle. The betting and gaming craze has not spared them either. Many are ignorant about the importance of saving and investing, debt management, budgeting, tracking their money, securing assets, discovering and monetising their passion. They are easily lured by the get-rich-quick schemes so as to fund their flashy lifestyle.

To become financially prudent in earning and spending money, young people need to invest their unique skill sets and knowledge by reading widely, maintaining good health habits and looking for meaningful learning experiences. As such, this practical guide purposes to teach, guide and mentor the youth on personal financial skills necessary for them to be better spenders, savers and investors of their time, skills and money.

Mastering Your Money for Young People in their 20s and 30s is organised into three thematic parts, each focusing on certain broad financial issue. Part I: Putting young people in their 20s and 30s into perspective, demystifies the concept of young people within this age bracket, and how they relate with money. It reveals the common financial challenges they face and their possible remedies. 

Part II: Smart money habits for young people in their 20s and 30s, sheds light on five prudent ways people within this age bracket can effectively manage their money and create wealth, so as to attain financial freedom. Part III: Frequently asked questions and answers, explores the sampled personal finance questions and answers which have been published in the Saturday Nation newspaper. 

The Q & A provides insights on how to handle your unique financial problems through the advice given to other people, as a mirror and a microscope to analyse your financial lifestyle. As a practical guide for young people, the book contains reflective questions at the end of every chapter. Take time to think through them and write your responses. You need to have an introspective meeting with yourself as you do the exercises. You will be unlearning the old and relearning valuable, practical financial lessons. 

So fasten your belt and enjoy the ride as you read, glean vital insights from Chacha’s classic financial guide, Mastering Your Money for Young People in their 20s and 30s, and apply them in solving your financial problems.