Financially Incorrect

Most people would have quit after losing everything. Derrick Kayobyo lost hundreds of millions of shillings to fraudsters. His workshop was burned down. Businesses collapsed. Deals went wrong. Yet those setbacks became the foundation for one of Uganda's fastest-growing real estate companies. In this episode of Financially Incorrect Uganda edition, Derrick shares how he went from selling timber and manufacturing doors to building a real estate portfolio worth over $5 million through Kayo properties. He breaks down the realities of Uganda's property market, the opportunities many investors overlook, how Airbnb helped accelerate his growth, and the painful lessons that came from losing 600M UGX in a land scam. This is a conversation about resilience, calculated risk, building businesses from the ground up, and what it really takes to create wealth in African real estate.Whether you're interested in real estate, entrepreneurship, investing, or building wealth in Africa, this conversation offers practical lessons from someone who has experienced both spectacular wins and painful losses.------------------------------------------------------------------------------------------------------------------------------------------------------------------Tagore Living Apartment - https://share.google/o2fVbZApFQ1tGWd7nFor all your production needs in Uganda: Contact: +256705098317 / +256786312218 | https://www.cinemaug.com/Access all our links in one place: ⁠https://lnk.bio/Financially_IncFor all your production needs in Uganda: Contact: 0705098317 / 0786312218 | https://www.cinemaug.com/💹 Ready to start trading?🔍 Who is FXPesa: ⁠https://shorturl.at/rWFqC🎓 Learn how to trade: ⁠https://shorturl.at/xR2Ye⁠📊 Try a demo account: ⁠https://shorturl.at/izDMc⁠💸 Open a live account: ⁠https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------------------------------Episode Chapters 00:00 Introduction & Uganda Edition Housekeeping03:00 Meet Derrick Kayobyo05:11 Uganda's Real Estate Opportunity10:06 Growing Up In A Family Of 1015:10 The Fake Pastor Cement Scam19:05 Building A Woodwork Business23:00 Running Business Through University29:00 Competitors Burned Down My Workshop31:14 Rebuilding Through Partnerships33:06 Leaving For South Africa34:08 Discovering Airbnb In Uganda36:11 Land Flipping For Profit37:50 Why He Doesn't Leave Money Idle39:37 Losing 600M UGX To Land Fraud47:24 Building His First House49:35 Scaling A Construction Company54:00 Using Bank Financing To Grow59:09 Inside Kayo Properties1:03:06 Proudest Achievement1:07:50 Building A $5M Portfolio1:09:02 The Timber Business Advantage1:09:49 How He Manages Money Today1:11:02 Goals For 20261:12:23 Final Reflections1:14:08 Kayo Properties & Closing Remarks

"You should stay in school and work hard." That's the advice many people receive. Nyawira Muraguri did that. But she also worked in her parents' business from the age of nine, negotiated aggressively throughout her career, used side hustles to clear debt, bought land with loans, stayed at home longer than most of her peers, and benefited from a support system that gave her room to take bigger risks.In this episode of Financially Incorrect, Nyawira opens up about the financial realities behind her career journey, from earning KSh 10,000 in her first job to leading communications and marketing initiatives at Samsung Electronics. She shares why salary negotiation became one of her biggest wealth-building tools, how she made and lost money through side hustles, the lessons she learned from property investing, and why COVID forced her to completely rethink her relationship with money.She conversation also explores a topic many people avoid discussing honestly: the difference between being self-made and being supported.Alongside the money conversation, Nyawira gives her perspective on AI-powered devices, the future of smartphones, privacy concerns, and how technology is changing the way we live and work.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: ⁠https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: ⁠https://shorturl.at/rWFqC🎓 Learn how to trade: ⁠https://shorturl.at/xR2Ye⁠📊 Try a demo account: ⁠https://shorturl.at/izDMc⁠💸 Open a live account: ⁠https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction01:25 The Most Money She's Ever Imagined Making03:58 "The Smartphone Era Is Over"05:47 AI Devices, Meta Glasses & The Future07:18 Working For Her Parents At Age 909:44 Financial Lessons She Wishes She Learned Earlier10:47 The First Thing She Bought With Her Own Money13:33 Daystar University & Financial Independence18:32 Her First Job And KSh 10,000 Salary21:00 Government Internships And PR Experience24:51 Breaking Into PR Agencies28:10 The Salary Negotiation Formula32:42 Climbing The PR Career Ladder38:16 Side Hustles That Made Serious Money41:43 Lifestyle Inflation And Financial Reality49:17 How COVID Changed Her Relationship With Money51:30 Buying Land And Flipping Property54:10 Surviving Career Uncertainty57:00 The Financial Cushion Most People Ignore01:08:20 Buying A Home Through A Mortgage01:11:15 Joining Samsung Electronics01:16:14 AI, Privacy And Samsung Knox01:23:19 Her Definition Of Financial Freedom01:26:00 Learning Global Investing And Estate Planning01:27:14 Happiest Money Memory01:29:05 Samsung S26 And Final Thoughts

"You should stay in school and work hard." That's the advice many people receive. Nyawira Muraguri did that. But she also worked in her parents' business from the age of nine, negotiated aggressively throughout her career, used side hustles to clear debt, bought land with loans, stayed at home longer than most of her peers, and benefited from a support system that gave her room to take bigger risks.In this episode of Financially Incorrect, Nyawira opens up about the financial realities behind her career journey, from earning KSh 10,000 in her first job to leading communications and marketing initiatives at Samsung Electronics. She shares why salary negotiation became one of her biggest wealth-building tools, how she made and lost money through side hustles, the lessons she learned from property investing, and why COVID forced her to completely rethink her relationship with money.She conversation also explores a topic many people avoid discussing honestly: the difference between being self-made and being supported.Alongside the money conversation, Nyawira gives her perspective on AI-powered devices, the future of smartphones, privacy concerns, and how technology is changing the way we live and work.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: ⁠https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: ⁠https://shorturl.at/rWFqC🎓 Learn how to trade: ⁠https://shorturl.at/xR2Ye⁠📊 Try a demo account: ⁠https://shorturl.at/izDMc⁠💸 Open a live account: ⁠https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction01:25 The Most Money She's Ever Imagined Making03:58 "The Smartphone Era Is Over"05:47 AI Devices, Meta Glasses & The Future07:18 Working For Her Parents At Age 909:44 Financial Lessons She Wishes She Learned Earlier10:47 The First Thing She Bought With Her Own Money13:33 Daystar University & Financial Independence18:32 Her First Job And KSh 10,000 Salary21:00 Government Internships And PR Experience24:51 Breaking Into PR Agencies28:10 The Salary Negotiation Formula32:42 Climbing The PR Career Ladder38:16 Side Hustles That Made Serious Money41:43 Lifestyle Inflation And Financial Reality49:17 How COVID Changed Her Relationship With Money51:30 Buying Land And Flipping Property54:10 Surviving Career Uncertainty57:00 The Financial Cushion Most People Ignore01:08:20 Buying A Home Through A Mortgage01:11:15 Joining Samsung Electronics01:16:14 AI, Privacy And Samsung Knox01:23:19 Her Definition Of Financial Freedom01:26:00 Learning Global Investing And Estate Planning01:27:14 Happiest Money Memory01:29:05 Samsung S26 And Final Thoughts

There is a perception amongst many that financial freedom is about earning more money. Pius Muchiri believes it's about reaching a point where your investments can sustain your lifestyle even if your salary stops tomorrow.In this episode of Financially Incorrect Business Edition, Barrack sits down with Pius Muchiri, CFA and Managing Director of Nabo Capital, to unpack a career spanning accounting, investment management, private equity, public markets, and the building of one of Kenya's leading fund management firms.He reflects on the childhood experience that shaped his relationship with money after witnessing financial uncertainty at a young age. That experience would go on to influence his approach to investing, risk management, and his belief that financial independence should be the ultimate goal for every investor. The conversation traces his journey from accounting to investment management, his years at Centum Investments, where he helped execute some of East Africa's most notable investment transactions, and the lessons learned from building Nabo Capital from the ground up.We also explore the future of investing in Africa, why diversification beyond your home market matters, the role of money market funds in wealth preservation, and how technology is helping democratize access to investment opportunities.A major highlight of the conversation is the discussion around TRIFIC REIT, a real estate investment trust designed to give investors access to institutional-grade real estate through a more accessible structure. Pius breaks down how the vehicle works, the thinking behind creating it, the role of liquidity in real estate investing, and why dollar-denominated income opportunities are attracting growing interest from investors seeking diversification and long-term wealth creation..---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: ⁠https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: ⁠https://shorturl.at/rWFqC🎓 Learn how to trade: ⁠https://shorturl.at/xR2Ye⁠📊 Try a demo account: ⁠https://shorturl.at/izDMc⁠💸 Open a live account: ⁠https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction02:14 Growing Up Around Money08:37 Watching His Family Face Financial Hardship14:26 The Promise He Made At 11 Years Old20:11 What Financial Independence Really Means26:48 Why He Started In Accounting33:19 The Limitation Of Support Functions38:52 Leaving Accounting For Investments45:31 Joining Centum Investments52:44 Why Accounting Creates Better Investors58:21 Building The Coca-Cola Investment Case01:06:08 Finding Undervalued Opportunities In Africa01:13:42 Investing Beyond Kenya01:20:15 Growing Centum From KSh 6B To KSh 30B01:27:56 Why Nabo Capital Was Created01:35:02 The Entrepreneurial Learning Curve01:41:58 Building Trust In Fund Management01:47:40 Money Market Funds Explained01:54:21 Are Money Market Funds Safer Than Banks?01:59:43 The Trific REIT Opportunity02:04:56 The Future Of Investing In Kenya02:07:48 What Financial Freedom Looks Like02:09:15 Final Thoughts

For years, Queen Gathoni Kimuyu was helping shape some of Kenya's most recognizable television productions while quietly carrying battles most people never saw.Before becoming an award-winning producer, writer, activist and storyteller, she grew up in poverty, became a young wife, survived an abusive marriage, raised a child through financial uncertainty and spent years trying to build a sustainable career in an industry that celebrates talent but rarely pays for it.In this episode of Financially Incorrect, Gathoni opens up about the realities behind Kenya's creative economy. From earning KSh 10,000 as a receptionist to writing for Machachari, producing sold-out theatre shows, losing millions on productions, surviving long payment delays and creating Free Me, a deeply personal play based on her own experience with gender-based violence.This is a conversation about money, resilience, self-worth, entrepreneurship, storytelling and what it really takes to build a life after survival mode.---------------------------------------------------------------------------------------------------------------------------------------Access all our links in one place: ⁠https://lnk.bio/Financially_Inc💹 Ready to start trading?🔍 Who is FXPesa: ⁠https://shorturl.at/rWFqC🎓 Learn how to trade: ⁠https://shorturl.at/xR2Ye⁠📊 Try a demo account: ⁠https://shorturl.at/izDMc⁠💸 Open a live account: ⁠https://shorturl.at/Od2ux---------------------------------------------------------------------------------------------------------------------------------------Episode Chapters00:00 Introduction02:20 Growing Up Poor & Early Money Lessons06:40 Becoming Money Conscious at 1609:10 Her First Salary: KSh 10,00012:39 Marriage, Money & Responsibility17:37 The First Time She Was Hit19:14 Leaving Corporate for Television22:28 Hospital Bills & Financial Survival25:14 The Car Wash Business30:37 Moving Back Home After Divorce36:13 The Relationship That Changed Her Perspective39:27 How Much Kenyan TV Writers Earn44:29 Showmax, Budgets & Kenyan Storytelling49:22 Rebuilding Financial Stability52:18 Recovering From Divorce55:28 Producing, Influencing & Buying Her First Car01:02:55 Building Twi Forbuzz01:15:33 The Real Cost of Theatre Production01:22:13 Losing KSh 3 Million01:30:24 Why Quality Is Expensive01:33:13 Pandemic Struggles & Financial Recovery01:44:17 The Story Behind Free Me01:48:58 Creative Residencies & Growth01:50:52 What Financial Success Means Today01:52:03 Grants, Sponsorships & Survival01:54:48 Final Reflections