Save Early Live Well
Retirees in Murang’a are advising the youth to start saving early to ensure financial stability in the future. Sharing their own experiences, they emphasize the importance of saving, investing, and living within one’s means, even during tough economic times.
A group of retirees in Murang’a are urging the youth to start saving and planning for retirement amid tough economic times. James Mwangi Kiarie, a retired teacher, shared his story of financial stability through pension contributions, farming, and livestock. He encouraged both formally employed and self-employed individuals to save early for a secure future. Naomi Njoki Mwangi, in her 70s, highlighted the importance of diversifying income sources, such as owning businesses and investing in agriculture, to maintain financial independence in old age. She warned against get-rich-quick schemes and high-interest debts, advising the youth to live within their means. Martin Kamau, in his early 30s, revealed that he’s already started saving for retirement by cutting down on entertainment expenses and investing in a fixed sacco account. These retirees are emphasizing the significance of planning early to ensure a comfortable life after retirement, urging young people to take their financial future seriously.
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