Financial Independence - A Glance at the Future

A Short Story - By our Staff Writer

One breezy Saturday evening I was strolling along the Indian Ocean beach with my 8-year-old daughter Sara in the outskirts of Dar es Salaam.  The sunset was beautiful and the cool breeze was very refreshing.  It was relaxing...

I was just about to suggest that we go back to the car when Sara screamed while pointing in front of her, “Isn’t that money Daddy?”  I looked around and saw a shiny new note, Tshs. 10,000!

She started running after it but the wind kept sweeping it away as soon as she was about to pick it up.  At some point she seemed like she was giving up but then she stopped to think for a minute, and then started running after it again.  This time instead of leaning to pick it up she put her foot forward first to stop the note from being swept by the wind.  Then she turned back to me and smiled, “I got it Daddy!”  She then leaned forward and carefully released the note from her foot picking it up with her hand.

I thought this was a nice opportunity to talk to her about the principles of money.

I explained to her that the simple thing that she just did was very symbolic of what she needs to do when managing her money.

Personal management of money involves looking ahead, examining the current situation and obstacles, planning strategies, analyzing the risks involved with the options you choose and finally making that careful move that will enable you get a hold of the financial independence you have been dreaming of.

Most of the time you will come across difficult situations, sometimes you feel like giving up and other times new ideas on how to go about the whole process will come to mind.  What we need to do is to look into the future, figure out what we want to do and take a chance.

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