Fearless Business Ep.31 | Why Your Money Mindset is Keeping You Broke in Life (And How to Fix It)

Описание: In this powerful episode of Fearless Business, host David O. Sijenyi sits down with finance coach and expert Chris Nyalwal to tackle one of the most deeply rooted challenges facing Kenyans today, the scarcity mindset. Chris unpacks how our money beliefs are quietly formed in childhood by observing parents, communities, and cultures that normalise debt, overwork, and financial hand-to-mouth living. The conversation shifts into practical, life-changing territory as Chris walks viewers through a step-by-step budgeting framework built around four pillars: tracking your income, tithing, building an emergency fund, and saving with purpose. Chris introduces the powerful concept of the "24-hour rule", a discipline of letting your salary sit untouched for a full day after it lands in your account so that emotion gives way to rational planning. He also breaks down the difference between an emergency fund (for the unexpected, like a broken fridge or car trouble) and a sinking fund (for predictable but infrequent large expenses like school fees, car insurance, or holiday travel). Drawing from his real-world savings challenge, where groups of Kenyans saved between KSh 75,000 and KSh 500,000 in a single year through mutual accountability, Chris proves that financial transformation is not about income size but about intentionality, community, and a clear goal. Whether you are a salaried employee, a business owner, or an entrepreneur navigating the Kenyan marketplace, this episode will challenge you to stop giving every coin to someone else and finally start paying yourself first. This is not just financial advice; it is a call to take dominion over your resources and build a legacy worth leaving behind.