When your legacy is in question you have to rise to the occasion ft Bakari Machumu

This week on Financially Incorrect, we sit down with Bakari Machumu, Founder of BSM Washauri TZ. He shares his journey from agriculture study to the media industry, discussing early investments and involvement with a collective investment fund. Bakari reflects on financial lessons learned, emphasizing the significance of financial planning, savings, and making responsible financial decisions. He also delves into the challenges in the media industry and the impact of digital transformation on media businesses in Tanzania.

Chapters
0:00 Intro
0:07 FXPesa S/O
0:50 Guest intro
3:30 How did it all begin?
7:57 What is the money culture like in TZ?
11:24 What did you learn from your parent's money habits?
17:34 How did get into your career?
22:31 Landing in the journalism space
28:45 Redesigning my legacy & corporate impact
33:22 What may not be a factor to consider in your retirement?
39:40 Your financial principles?
44:24 Challenges of handling a media house in TZ
51:26 What are the investment opportunities in TZ

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[biryakanze]

This is such an inspiring story of compounding interests in all facets of life career, financial and social that all decisions and moves over a period of time will prove the validity of the choices we make overall. Adamantly focusing on your individual goal as well as the impact you want to leave in the industry you are in and when to leave as well.

[annieassists]

Loved listening to this ep. It's refreshing to get the pov of an older person and the intentionality behind his moves.