Yesterday morning, Maina Kageni revealed some interesting tidbits about his life after taking a hefty salary cut due to the economic downturn occasioned by the Covid-19 pandemic.
The veteran presenter was hosting Faida Investment Bank CEO Bob Karina on his online show, where they discussed life and finances.
What shocked many was that Maina said he was also facing tough times financially after the 30% salary cut he among other employees had received.
The presenter revealed that he had reached out to his bank as well as insurance companies, explaining that if one failed to do so, they would assume you were doing fine.
He told Karina,
“Like us, we were chopped 30%! The first thing I did, first of all, was call my bank and tell them we need to reschedule some stuff. Like you said, the insurance companies, that was one of the things I did so that my pain is shortened each and every month,” Kageni stated.
Maina also spoke greatly about the opportunities Kenyans could have on the Nairobi bourse. “If there’s one thing that’s always been a mystery it’s been securities, it’s been the stock market. People imagine that you’ve got to be extremely wealthy to invest there. That you’ve got to have tonnes and tonnes of cash, you’ve got to know a great brokerage who can get you the best deals. But that’s not essentially true,” he noted.
Karina agreed with Kageni, noting that the entry barrier for investment in stocks was not as difficult as some thought, contrasting it with sports betting popular among many Kenyan youth.
And one can see that Maina’s advice is proved out as he was able to buy a new BMW this year -first of its kind in Kenya. He is showing the fruits of his labour.