Why Personal Loans Are Financial Traps in Kenya

Описание: In this video we look at why personal loans are the leading cause of financial suicide in Kenya. We analyze why it makes more sense to save to invest rather than borrow to invest. We analyze why staying away from personal loans is the best financial decision you can ever make as a Kenyan


TIME STAMPS:
0:00 Intro
0:55 Interest rates in Kenya vs other developed markets
5:00 Borrowing to invest vs Saving to invest
8:10 The Rich Borrow Against Assets not Payslips
10:02 Why you should never Borrow against your Pay slip
11:25 Two classes of Kenyans
15:50 The Main reason I avoid Personal Debt
18:20 "You need a loan to be motivated"
19:57 Exceptions

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