You and only you are responsible for your life choices and decisions. - Robert T. Kiyosaki .

​It’s important to ensure that we consider the people who will be affected by our decisions. Also they need to be on board with our decisions so that there is sufficient support to make goal attainment easier. While changing how you relate with money, some of the decisions you may need to make include cutting expenses or increasing your income levels. Your resources are finite. This means that the path to increasing your income would, perhaps, entail you having to spend some time commercialising and monetising your hobbies. This means that you would have to spend a little bit less time with family which is similar to cutting expenditure.

​When you’re coming up with investment goals, some of the things that might help in the process may include:

1. ​Setting the goals together as a family:  For people with children that are old enough to understand, including them in the goal setting process is important. It is not only good for the immediate solution for the family, but it helps create future discipline with them. When people understand why and how things are being done they tend to buy in and support.
2. ​Joint budgeting: Though it might be difficult to completely include everyone in the budgeting process, it's critical to show the family what the expenditures are like in order to give them an opportunity to contribute in different ways to achieve the set objectives.
3. ​Listening and acting on feedback: At times some members of the family tend not to contribute their opinions because they think their views don’t matter. It’s therefore important that when you involve people in the decisions regarding money, accept and implement what makes sense and if there are contributions your reject, ensure that you explain why.
4. ​Allow people to lead in decisions that affect them directly: This is especially applicable if cash is not a constraint and the options cost the same. One of the ways to do this is to allocate a specific amount to a specific task and ensure that the person closest to the matter makes the decision within the provided limits.

​When I was growing up, my mum was a potato farmer, and on that livelihood, she managed to educate us. She allocated to each of us a portion of the farm that would be used to pay our school fees. At the end of every term, we would harvest what had grown and replant for the next season on the same pieces of land. The key takeaway is that once she was paid, each of us had to keep our school fees and were expected to ensure that the land we harvested was planted. Then it did not make much sense but looking back, it was a good thing we all knew where money to pay our fees came from.

​To better our lives through investments, we not only need to be good in planning but also execution and a big part of executing is getting the right support from those who matter to us the most; our families.

​For more investment discussion and advice reach us on. Our email address is  Liz@elizabethnkukuu.com or info@elizabethnkukuu.com. ​Also, if you are ready to start your wealth journey with us, register for the Personal Wealth Creation Masterclass here.

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