Molomolo - African Tech Stories
At Molomolo African Tech Stories, we go beyond inspiration—we equip you with practical strategies and tools to thrive in your tech career or business. Each episode delivers actionable insights on technical communication, career growth, and leveraging technology for impact.
Hosted by Dr. Paulin Kantue—an aerospace engineer and African technopreneur—this podcast is your go-to resource for levelling up in the workplace, business, and local communities through technology.
Molomolo - African Tech Stories
8 Everyday Habits That Keep Africans Broke - EP015
In this episode, Dr. Paulin Kantue discusses eight everyday habits that keep Africans broke. These habits include overreliance on a single income, excessive giving to family back home, living beyond one's means, neglecting financial education, lack of retirement planning, avoiding financial risk, neglecting emergency funds, and accumulating high-interest debt. Dr. Kantue emphasizes the importance of understanding these habits and taking steps to break free from them in order to achieve financial stability and create a better future for oneself and loved ones.
Chapters
00:00 Overreliance on a Single Income
07:36 Excessive Support for Family Back Home
11:51 Living Beyond Your Means
17:05 Not Investing in Financial Education
24:07 Eight Bad Financial Habits That Keep Africans Broke
29:42 Understanding Compound Interest for Retirement Planning
36:20 Avoiding Excessive Risk in Financial Decision-Making
38:20 The Need for Emergency Funds in African Households
43:57 The Dangers of Accumulating High-Interest Debt
49:18 Breaking Bad Financial Habits for a Better Future
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