Personal Finance 102: How to Avoid Failed Investments

<p>In this episode, Mwakaneno Gakweli talks to Rina Hicks, founder of Money-Wise and Valentine Njoroge, Co-Founder and CEO of <a href="http://www.africaspocket.com/"><u>Africa’s Pocket</u></a><u>,</u> recounting their experiences in losing money through failed investments and how it informed them to build <a href="https://www.africaspocket.com/course/investable" target="_blank">Investable</a>, an online course that gives you the confidence to make an investment plan that empowers you to be in control of your financial security. Rina shares her story of losing over $5000 to a scam packaged as a bitcoin mining company. In contrast, Valentine lost her finances to a fish farm after failing to streamline her operations.</p> <p>Some of the key takeaways on avoiding failed investment from the podcast include:</p> <ul> <li>Conducting due diligence on the investment, the management team behind it, and how it generates revenues.&nbsp;</li> <li>Having clear goals before investing.&nbsp;</li> <li>Diversifying an investment portfolio.&nbsp;</li> <li>Making investment decisions in light of an individual's personal circumstances, such as cash flows, liquidity requirements, and debt.&nbsp;</li> <li>Understand the true opportunity cost of every investment decision.</li> </ul> <p>Investable will help you learn how to make smart investment decisions so that you are better equipped to avoid failed investments. <br> Gain the confidence to take control of your financial future, and learn more about the course by downloading this free guide to investing below.</p> <p>Your free guide to investing: <a href="https://africaspocket.ck.page/7711988375"><u>https://africaspocket.ck.page/7711988375</u></a></p>