Financially Incorrect

Financially Incorrect
  • 5.0 (2)
  • Investing
  • Updated Weekly

Money doesn't have to be intimidating. The Financially Incorrect Podcast is a fun and informative way to learn about personal finance. Host Barrack Bukusi debunks money myths and reveals the truth behind common misconceptions. Join him with a different guest every week as he helps you achieve your financial goals.

  1. 2d ago

    He Fixed KWS. Why Couldn’t Uchumi Be Saved? | Dr Julius Kipngetich

    What does it take to turn around an institution that is already broken? Dr Julius Kipngetich has spent decades fixing organisations across Kenya, from KWS and Equity Bank to Uchumi and Jubilee Holdings. In this episode of **Financially Incorrect**, he shares what really drives a turnaround: fixing the system, sequencing change and knowing when money is not the solution.At KWS, his interventions helped drive a sevenfold increase in revenue. At Uchumi, he discovered that even aggressive cost-cutting could not overcome a KES 5 billion capital hole.He also shares how a KES 1 million Equity Bank investment made in 2006 grew to roughly KES 90 million, and what that teaches us about patience, compounding and building wealth.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🧑‍🏫 Learn how to trade: https://lnk.bio/fxpesa📲 Open a demo trading account: https://bit.ly/DemoAccountYT 📈 Start live trading: https://bit.ly/LiveAccountYT---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Intro: Meet Dr Julius Kipngetich02:18 What Would You Do If Money Didn't Matter?05:06 The Systems Theory Behind His Leadership09:14 Growing Up With Money and Responsibility13:02 The First Lessons That Shaped His Career16:47 Fixing University of Nairobi From Within21:43 Reviving Kenya's Investment Promotion Agency26:18 Walking Into a Troubled KWS31:42 How KWS Was Losing Millions36:58 Recovering KES 300 Million in Three Months41:37 Why He Raised Wildlife Park Fees46:29 Tripling Salaries at KWS51:34 The Wildlife Census That Changed Everything56:43 Why KWS Needed Structural Reform1:01:42 Why He Eventually Left KWS1:05:28 How Equity Bank Changed Kenyan Banking1:11:42 The Real Secret Behind Equity's Growth1:17:38 What Went Wrong at Uchumi1:23:16 When Cost-Cutting Cannot Save a Business1:28:41 Rebuilding Jubilee Holdings1:34:47 Why Sequencing Change Matters1:40:06 Government Pay vs Private Sector Pay1:44:32 The KES 1 Million Investment1:49:03 How KES 1M Became Roughly KES 90M1:54:12 Dr Julius Kipngetich's Advice on Wealth

  2. 5d ago

    He Left Veterinary Medicine and Became One of East Africa’s Biggest TV Stars| Dr Mich Egwang | Uganda Edition

    Dr Ronnie Mich Egwang has built a career few résumés could contain: veterinary doctor, broadcaster, media personality, marketer, entrepreneur and business owner. From earning $5 a week as a child to landing a $90,000 continental TV deal, negotiating major media contracts and building a multimillion-dollar marketing business, Dr Mich’s career spans decades of opportunity, risk and reinvention.But the bigger story is what those years taught him about money.In this Uganda Edition of Financially Incorrect, Dr Ronnie Mich Egwang reflects on his media career, Deal or No Deal, Tusker Project Fame, agency life, the $380,000 debt that changed his approach to risk, and the investments and financial principles shaping his retirement.A 40-year money story about making it, losing it, learning and knowing what to do differently. ---------------------------------------------------------------------------------------------------------------------------------------Shoot Location - https://www.airbnb.co.uk/rooms/1325239957948826362?guests=1&adults=1&s=67&unique_share_id=456f0edd-03c2-4850-9438-4cd16bce1729Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🧑‍🏫 Learn how to trade: https://lnk.bio/fxpesa📲 Open a demo trading account: https://bit.ly/DemoAccountYT 📈 Start live trading: https://bit.ly/LiveAccountYT---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 From Modest Beginnings to Media Mogul00:14 The $5-a-Week Job That Started It All00:29 Building a Video Rental Business at University00:36 Moving Countries and Learning Financial Responsibility00:39 The $500 TV Opportunity That Changed His Career00:46 From $25 Radio Gigs to a $2,500 Contract00:55 How Ronnie Landed the $90,000 DSTV Deal01:04 Inside Tusker Project Fame01:21 Building Eclipse Marketing Into a Multimillion-Dollar Business01:22 The Concert That Left Him $380,000 in Debt01:29 How Ronnie Rebuilt His Finances01:36 Why Communication Became His Biggest Career Asset01:40 Money, Relationships and the Need to Evolve01:46 What Financial Confidence Looks Like in Retirement01:55 The Money Lessons Ronnie Wants You to Remember

  3. Aug 23

    How a KSh 9M Business Made Zero Profit | Ashok Sunny | Business Edition

    What happens when KES 9 million in revenue leaves you with almost nothing? For Ashok Sunny, founder of Ashok Sunny Tailors Limited, that moment changed the way he understood business. Growing up in Kibera, Ashok learned early that money had to be managed carefully. His mother relied on discipline and chamas to prioritise education and basic needs, while Ashok found his own early route into entrepreneurship by altering and reselling thrifted clothes.What began with KES 5,000 suits eventually became a business serving CEOs, ambassadors, celebrities and high-net-worth clients through luxury bespoke tailoring. But the road from tailoring clothes to building a profitable company was far from straightforward.At one point, Ashok’s business generated KES 9 million in revenue but made virtually no profit. The problem was not a lack of customers. It was the failure to understand the true cost of running the business. That forced him to formalise the company, separate business and personal finances, understand fixed and variable costs, bring in professional financial advice and rethink how the entire operation was structured.In this episode of Financially Incorrect Business Edition, Ashok Sunny takes us inside the economics of Kenyan tailoring and explains what it really takes to build a luxury business in an industry often misunderstood as simply creative. He breaks down the difference between bespoke, made-to-measure and custom-made tailoring, why a bespoke suit can cost $1,000 or more, how he entered the high-net-worth market, why hundreds of cold emails and DMs became a customer acquisition strategy, and how changing his pricing helped triple revenue from bespoke orders.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🧑‍🏫 Learn how to trade: https://lnk.bio/fxpesa📲 Open a demo trading account: https://bit.ly/DemoAccountYT 📈 Start live trading: https://bit.ly/LiveAccountYT---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Inside Kenya’s Luxury Bespoke Tailoring Business02:12 Growing Up With Financial Constraints12:04 From Thrift Clothes to Tailoring20:12 Why the Master Cutter Matters27:54 Why Kenyan Tailoring Costs More43:32 KES 9M Revenue, But No Profit50:32 Bespoke vs Made-to-Measure vs Custom1:00:30 Fashion vs What Kenyans Actually Buy1:05:55 How COVID Tested the Business1:10:02 Breaking Into Luxury Bespoke1:21:01 Winning KES 10–11M Corporate Contracts1:27:30 From Tailor to Lifestyle Brand1:34:53 The Mechanics Behind a Luxury Suit1:41:56 Building the Future of African Tailoring

  4. Aug 21

    From One borrowed Car to Private Jets: Building Kenya’s Luxury Travel Business | Dan Njoroge

    From a KSh 30,000 banking salary to building a luxury executive travel and private jet business. Dan Njoroge’s story is not really about luxury. It is about learning what people will pay a premium for, surviving the periods when the money disappears, and discovering that revenue means very little without financial discipline. Dan started with very little. His first income was KSh 5,000 as an intern. After leaving banking, he struggled to pay rent, experimented with a stationery business that barely made margins, and eventually found an opportunity in luxury chauffeur services through a friend’s idle Range Rover.That small opportunity became Lesus Executive Concierge.What followed was a crash course in premium pricing, corporate clients, reputation, networking and the economics of serving wealthy customers. Dan explains how he moved from weddings to corporate and VIP clients, why some of his celebrity marketing produced almost nothing, how one major client helped keep the business alive during COVID, and how that period ultimately opened the door to Lassus Private Jets.But the most revealing part of the story may be what happened after the business started making money.Dan admits that he initially mixed personal and business finances, withdrew money impulsively and learned the hard way why a growing company needs liquidity. By 2022 and 2023, he had separated the two, built stronger financial controls and started thinking differently about cash, reinvestment and growth.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🧑‍🏫 Learn how to trade: https://lnk.bio/fxpesa📲 Open a demo trading account: https://bit.ly/DemoAccountYT 📈 Start live trading: https://bit.ly/LiveAccountYT---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00:00 - Introduction & Announcements00:01:20 - Meet Dan Njoroge: Kenyan Entrepreneur Profile00:02:24 - Lesson Learned: "Envy No Man"00:04:30 - Concept of Money & Problem Solving00:06:46 - Dan’s Childhood and Early Money Situation00:13:36 - Transition from Banking to Entrepreneurship00:20:08 - Starting the Chauffeur Business & Early Hustles00:30:22 - Advertising & Corporate Client Acquisition00:35:12 - Shift from Weddings to Corporate Business Model00:38:28 - Business Office Setup and Financial Discipline00:41:14 - First Global CEO Client & Added Services00:45:39 - Pricing and Value Proposition Strategy00:48:06 - Hiring Staff and Growing the Business00:49:36 - Revenue Milestones & Investment Philosophy00:51:11 - Buying First Business Vehicle & Asset Ownership00:53:39 - Revenue Streams: Weddings, Corporate, Conferences00:54:39 - Celebrity Transport Experiences and Challenges00:58:21 - Client Value Understanding & Pricing Insights01:00:26 - COVID-19 Impact and Lifestyle Adjustments01:03:04 - Breakthrough Private Jet Client & New Business Venture01:08:40 - Separating Personal Finances from Business Finances01:12:07 - Private Jet Market in Kenya & Industry Events01:17:07 - Biggest Business Challenges & Failed Investments01:19:16 - Best Year in Business & Achievements01:21:22 - Marketing to Government & High-Profile Clients01:23:13 - Maintaining Global Service Standards & Chauffeur Protocol01:26:56 - Business Promotion: Lesus Executive Concierge & Private Jets01:28:32 - Episode Conclusion & Thanks

  5. Aug 18

    Why Mike Kayihura Is Betting His Music Career on East Africa | Rwanda Edition

    Mike Kayihura’s music career has taken him from church choirs and a first Rwandan paycheck to regional recognition across Rwanda, Uganda and Kenya. But behind the songs is a financial story shaped by contracts, missed opportunities, poor money decisions, community support and the difficult business of building a sustainable career as an independent artist.On this Financially Incorrect Rwanda Edition, Mike opens up about what it really costs to build a music career in East Africa, including the contracts that kept him from releasing music for years, the money he made from early commercial work, the unexpected success of “Sabrina,” and why Uganda eventually became such an important market for his music.He also reflects on the money he wasted when his career began taking off, the impact of COVID-19 on live performance, learning to treat music as a business, and rebuilding his career after restrictive agreements.The bigger story is about more than music. It is about creative ownership, financial discipline, contract literacy and the importance of thinking beyond your home market.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🧑‍🏫 Learn how to trade: https://lnk.bio/fxpesa📲 Open a demo trading account: https://bit.ly/DemoAccountYT 📈 Start live trading: https://bit.ly/LiveAccountYT---------------------------------------------------------------------------------------------------------------------------------------Episode Chapter00:00 Mike Kayihura on Music, Money & Identity03:00 Growing Up Across Rwanda, Uganda & Kenya06:30 Finding His Voice Through Church10:00 His First $100 and First Big Paycheck15:00 When Music Started Becoming Serious20:00 The Influence of Family & Community26:00 Moving to Ethiopia to Study Music30:00 Learning Music Through Improvisation34:00 The Contract That Restricted His Music38:00 Making Barely Mixed on a Budget41:00 Five Years Without a Formal Release44:00 How “Sabrina” Changed Everything46:00 Why Uganda Became a Major Market48:00 Making Money, Spending Money & Regrets50:00 What COVID Did to His Music Income52:00 Another Contract, Another Career Setback55:00 Trusting Friends Over Legal Advice58:00 Rebuilding His Career With Inaza1:02:00 Why Rwandan Artists Need Regional Markets1:06:00 Building Beyond Kigali1:10:00 Where His Music Income Comes From1:12:00 The Business of Being an Artist

  6. Aug 14

    How Joram Mwinamo Empowered 700+ SMEs To Grow

    YT DescriptionJoram Mwinamo has spent more than two decades helping African businesses grow. But some of his most valuable lessons came from the periods when his own business was struggling. From small technology and event projects at university to working internationally and eventually returning to Kenya, Joram’s entrepreneurial journey has involved failed assumptions, difficult pivots, unstable revenue and decisions where the financially attractive option was not always the right one.In this Financially Incorrect Personal Money Story, Joram shares how he moved from chasing corporate clients to building cohort based programmes for entrepreneurs, a shift that became the foundation for Sandbox International. He takes us inside the creation of a hub bringing together 30+ non competing experts across legal, finance, marketing and operations, and the funding that helped take the model beyond Kenya.The conversation goes deeper into pricing services, managing cash through election cycles, proving value through client results, building resilient businesses and knowing when a lucrative opportunity is not worth taking. Joram also opens up about the personal cost of entrepreneurship, including his experience with depression and anxiety, and why time, consistency and resilience can matter more than having the perfect idea.His book, The Enterprise Jungle: An Entrepreneur's Navigation Toolkit, grew from his experience working with more than 700 enterprises and confronting a gap in entrepreneurship literature: business frameworks built for markets that do not always reflect the realities of building in Africa.---------------------------------------------------------------------------------------------------------------------------------------Get Joram’s book , The Enterprise Jungle: An Entrepreneur's Navigation Toolkit: jorammwinamo.comAccess all our links in one place: https://lnk.bio/Financ...💹 Ready to start trading?🧑‍🏫 Learn how to trade: https://lnk.bio/fxpesa📲 Open a demo trading account: https://bit.ly/DemoAcc... 📈 Start live trading: https://bit.ly/LiveAcc...---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 – Introduction02:14 – Starting His First Businesses at University06:18 – From Kenya to Uganda and Norway11:07 – Returning Home to Build a Business16:02 – When the Business Model Wasn’t Working21:35 – Why Corporate Clients Weren’t Enough27:11 – The Pivot to Working With Entrepreneurs33:06 – Building a Business Around Cohorts38:42 – How Sandbox International Was Born44:18 – Building an Ecosystem of 30+ Experts50:07 – The Funding That Changed the Business54:39 – What 700+ Businesses Taught Him59:46 – Pricing Your Expertise and Knowing Your Worth1:05:12 – Building Cash Reserves for Uncertain Times1:10:06 – When a Lucrative Deal Isn’t Worth Taking1:14:48 – The Cost of Doing Business With Integrity1:19:17 – Entrepreneurship, Depression and Anxiety1:24:31 – Why Time Beats Genius in Business1:29:18 – Why Africa Needs Its Own Business Playbooks1:34:42 – Writing The Enterprise Jungle1:39:12 – Joram’s Advice to Entrepreneurs1:42:18 – Final Thoughts

  7. Aug 9

    Jackie Asiimwe On Money, NGOs Funding And Wealth | Uganda Edition

    Money shaped Jackie Asiimwe long before she earned her first salary.Growing up in a pastor's household, she watched her mother stretch a modest income, support relatives and somehow keep the family afloat. Years later, after losing her savings in a bank collapse, resisting the idea of investing and spending decades in Uganda's nonprofit sector, Jackie began to rethink everything she believed about money.In this episode of Financially Incorrect Uganda, Jackie opens up about the financial realities of working in the social impact world: low salaries, unpredictable donor funding, the pressure to serve before earning and the mindset shifts that transformed her from a reluctant saver into a long-term investor.The conversation explores the hidden economics behind NGOs, why many nonprofits struggle to build wealth, how childhood shapes financial behaviour and why leadership ultimately determines whether an organization survives.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🧑‍🏫 Learn how to trade: https://lnk.bio/fxpesa📲 Open a demo trading account: https://bit.ly/DemoAccountYT 📈 Start live trading: https://bit.ly/LiveAccountYT---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction10:42 Growing up in a pastor's household18:36 Returning from Canada to Uganda24:05 Her first income and volunteer stipend28:35 Opening her first bank account31:40 Losing money after Greenland Bank collapsed34:00 Marriage, saving and buying land38:03 The economics of working in NGOs44:22 Why nonprofits were discouraged from saving50:00 The funding crisis in the social sector56:00 Becoming an investor and planning retirement01:00:30 Starting and leading an organization01:09:20 Unit trusts and nonprofit sustainability01:15:00 Publishing a book in Uganda01:18:50 Money, contentment and final reflections01:22:00 Final reflections

  8. Aug 7

    From KES 7K Intern Salary To Producing Films For Netflix | Grace Kahaki

    Every Kenyan has watched a TV show, movie or commercial. Very few people know what it actually costs to make one.Grace Kahaki built one of Kenya's leading production companies from the ground up. She started as an intern earning KES 7,000 a month after her parents cut off financial support because they believed filmmaking wasn't a real career. Today, she is an award winning producer, director and Co-owner of Insignia Productions whose work has appeared on KTN, NTV, Maisha Magic, Showmax and Netflix.This conversation goes beyond cameras and scripts. It unpacks the economics of Kenya's film industry, why production companies struggle despite producing hit shows, how broadcasters and streamers structure deals, why owning intellectual property changes everything, and what it really takes to build a sustainable creative business.Grace also shares the financial decisions she would never repeat, why buying her first car with her first million wasn't her smartest move, how COVID cut television production budgets almost in half, why commercials keep production companies alive, and the emotional responsibility that comes with inheriting wealth.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: https://lnk.bio/Financially_Inc💹 Ready to start trading?🧑‍🏫 Learn how to trade: https://lnk.bio/fxpesa📲 Open a demo trading account: https://bit.ly/DemoAccountYT 📈 Start live trading: https://bit.ly/LiveAccountYT---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction02:41 Why Grace Kahaki Is One Of Kenya's Top Producers05:26 Why Stress Is Really About Control10:12 Growing Up In Malawi And Choosing Film15:36 Parents Cut Off Financial Support20:00 From KES 7,000 Intern To Executive Producer24:00 The Real Economics Of Kenyan Film31:00 Why Intellectual Property Is Everything40:55 Licensing vs Commissioning Explained48:00 Industry Politics And Restrictive Contracts55:00 Why Commercials Keep Production Companies Alive01:06:50 The Highest Income She's Ever Earned01:10:30 Showmax's Billion Shilling Effect On Kenya01:13:00 Surviving Through Diversification01:18:00 The Financial Decisions She Regrets01:21:00 Managing Slow Seasons And Stress01:24:00 Inheritance, Grief And Financial Responsibility01:28:00 Why Kenyans Should Support Local Content01:29:55 Final thoughts and Reflections

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About

Money doesn't have to be intimidating. The Financially Incorrect Podcast is a fun and informative way to learn about personal finance. Host Barrack Bukusi debunks money myths and reveals the truth behind common misconceptions. Join him with a different guest every week as he helps you achieve your financial goals.

Information

  • Creator
    Financially Incorrect
  • Years Active
    2023 - 2026
  • Episodes
    215
  • Rating
    Explicit
  • Copyright
    © Financially Incorrect
  • Show Website
    Financially Incorrect

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