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8 Everyday Habits That Keep Africans Broke - EP015
Manage episode 430998178 series 3555679
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In this episode, Dr. Paulin Kantue discusses eight everyday habits that keep Africans broke. These habits include overreliance on a single income, excessive giving to family back home, living beyond one's means, neglecting financial education, lack of retirement planning, avoiding financial risk, neglecting emergency funds, and accumulating high-interest debt. Dr. Kantue emphasizes the importance of understanding these habits and taking steps to break free from them in order to achieve financial stability and create a better future for oneself and loved ones.
Chapters
00:00 Overreliance on a Single Income
07:36 Excessive Support for Family Back Home
11:51 Living Beyond Your Means
17:05 Not Investing in Financial Education
24:07 Eight Bad Financial Habits That Keep Africans Broke
29:42 Understanding Compound Interest for Retirement Planning
36:20 Avoiding Excessive Risk in Financial Decision-Making
38:20 The Need for Emergency Funds in African Households
43:57 The Dangers of Accumulating High-Interest Debt
49:18 Breaking Bad Financial Habits for a Better Future
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