The rise of online schemes masked as investments

Financial literacy is crucial; the sooner we stop romanticizing quick money, the sooner we can build lasting wealth.

Photo credit: Shutterstock

For many Kenyans, especially the urban youth, the allure of quick wealth through flashy apps and online schemes is tempting. The promise of doubling money overnight, with minimal effort, is hard to resist. Yet, history and experience teach us that genuine wealth is built over time.

The line between investing and gambling has become dangerously blurred. Real investments are built on sound business models, regulatory oversight, and risk disclosure.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.