Why Buying A House And Land Were Bad Decisions (Obsession With Owning Land Could Make You Poor)

Why Buying a House and Land Were Bad Decisions (Obsession With Owning Land Could Make You Poor)
Kenyans' obsession and hunger for land and houses is something I have discussed so many times and it might be a recipe for financial disaster. We need to change our mindsets and start thinking of other forms of investments besides land and houses.

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****About Me***
I am Kenneth Kaunda Joe, a Finance and Investment Coach. Academically, I have a background in Political Science and IR, International Economic Law, International Development, Finance and Banking MBA. Am an avid traveller with over 100 countries under my belt so far. I am a Life Coach and Co founder of Gene Coaching School.

****About My Channel***

My channel 'Ken's MoneyMatters' will be dedicated to giving high quality videos on financial issues. This will be a collaborative, educational relationship that empowers people to achieve financial freedom.
We will focus on all areas of finance such as personal finance, financial literacy, achieving financial independence, financial freedom, getting out of debt, investing and more.
The goal is to empower people so they can live abundant and fulfilling financial lives.

[eustacekariuki]

You have hit the nail on the head. Raw and real indeed...!!

[ruthnjoroge]

Wow ! This is really RAW & REAL, I suffered pressure from kenyans to buy Land and i took a wrong route that i regret till today. So please guys, be careful especially if you are in Diaspora. Listen to Kens' advice.

[nonimuthoni]

Phew!! A sigh of relief because the social pressure is real out here.

[misskhalai]

Thank you ....thank you...this is timely

[elfuego]

Very true big i prefer buying a land and building in cash and not thru loans

[thomasorungo]

🤣🤣🤣🤣 you have really cracked my ribs. It’s very true and typical of us Kenyans

[maryachieng]

Woi Ken! Here I am, buying a second piece of land but No loan, should be the last one🤔 you are right.

[prettynyakano]

So true better I invest in stocks or bonds

[misskhalai]

Funny, is how am thinking to get land and a house in the next 3 years first.

[ruthmwaura]

We have been taught ploti maguta maguta is the way to go.

[jayk]

Look at the both sides of the coin and know which financial quadrant you fall into. Everything investment comes with some level risks