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5 Money Draining Habits You Need To Stop If You Want To Escape Poverty

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Staying on top of your spending is not an easy thing as most people think. You must go through a lot because it doesn’t always come naturally as most of us think. There are some of the habits you need to quit if you don’t want to damage your financial health. There are high chances of you living below the poverty line for the rest of your life if you won’t stop these behaviours.

Most people keeps scratching their head each and every month over where their hard earned money goes after misusing their salary. This article could answer your question today. There is a possibility that it could be one of these common spending traits. You need to stop the following money draining habits sooner.

1.The Impulse Spender

This type of people always spent part of their salary on things they hadn’t planned to buy. This is a stage where you spent your hard earned money on things you don’t really need or can’t afford as well. Imagine you are in need of a pair of shoes then you go out buying it but comes back with a new jacket and a coffee machine. This kind of spending can drain your money without realizing that’s why budgeting is very important.

2.The Credit Card Spender

Stop using credit cards to cover things that you can’t afford at the end of the month. Credit cards will drain your money at faster rate that you won’t even realise. Don’t fall into this trap it’s dangerous, always remember that next month’s problems always become a mounting pile of debt more quickly that you can’t shift from. Use it when you are confident enough that you can repay it fully.

3.The Convenience Spender

This are type of people who always find it easier to pay that bit extra. Imagine spending your money on coffee every day on your way to work, quick cab grabbing or daily meal deal. Forking out of them will save you time and make life more easier. This type of spending always adds up dramatically without even noticing.

4.The Budget-Free Spender

What should come first getting your salary is setting up a budget if you don’t want your finances to suffer vigorously. Let be assured that you are bound to overspend without the budgeting. Irrespective of what you are earning at the end of the month you should always work out on your budget. When budgeting consider the amount that goes out on essential things such as rent among other necessities and bills.

5.The Payday Spender

It is on the payday that most people spend their money on nasty things. Getting generous round of drinks in or on a big shopping spree on your payday will drain your money faster than you think. This are kind of people that like spending their salaries once they are paid. Budget and do something important with your money, drinks can come later. Stop living from paycheck-to-paycheck.

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How To Legally Own A Firearm In Kenya

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Cases of insecurity is at a high rise in Kenyan capital today. Robberies and muggings around the Nairobi CBD have been on the rise with victims recounting their experiences on social media.

The most recent one being KBC presenter, Shiksha Arora who narrated on Twitter how she was mugged and strangled at Globe roundabout flyover.

Earlier in April, Actor Ainea Ojiambo was in a shooting incident at CBD involving two thieves who wanted to grab his gold chain. The incident led to a guard being shot by Ainea.

Being a licensed gun owner in Kenya is not an easy process but is recommended especially when one’s security is threatened.

First, one can own a gun for personal safety and there is no law that limits the number of firearms a person can own. However, in Kenya, no individual can be legally licensed to own more than one firearm for personal safety.

The role of the police is to maintain order and be responsible for everyone’s safety. Thus, only few applications to own guns by individuals are usually approved.

Owning a firearm in Kenya costs from approximately Sh100,000 to 350,000 legally purchased and licensed depending with the type of gun.

There are four crucial requirements that one must meet for the application to be approved. These are:

  • The applicant has to be aged 21 years and above.
  • Must be trained in handling firearms.
  • Should be of sane mind/mentally stable.
  • Should have a clear criminal record.

According to the Firearms Act, civilians cannot be given firearms used by security organs such as Ak47, MP5 and G3. Hence, under the 2015 Statute Law (Miscellaneous Amendment) Bill, any civilian found with the aforementioned types of guns will face imprisonment.

Here’s How To Apply:

  • Express your interest of owning a gun by making an application to the officer in charged of licensing firearms.
  • Fill in application forms at the Chief Licensing Officer at the firearms office, Nairobi.
  • With a certificate of good conduct from the Directorate of Criminal Investigation (DCI), submit the application form at a nearby police station at fee of Sh2000.
  • Vetting process by the National Intelligence Service (NIS) and another by the Firearms Licensing Board (This can either be approved or rejected).
  • If approved, your name will be sent to the Inspector General of Police who will again approve or reject the application.
  • When approved by the IG, the Firearms Licensing Board will issue the applicant with a license which is renewable annually.

When a licensed firearm holder loses their firearm or it gets destroyed, he/she is required to report to the nearest police station and failure of this warrants one year imprisonment or a fine not exceeding Sh10,000.

STAY SAFE.

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Freddie Figgers: The millionaire tech inventor who was ‘thrown away’ as a baby

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Just one piece of advice 31-year-old entrepreneur Freddie Figgers would like to pass on to others.

When he was eight years old, he asked his father, Nathan, about the circumstances of his birth, and the reply was unforgettable.

“He said, ‘Listen I’m going to shoot it to you straight, Fred. Your biological mother, she threw you away, and me and Betty Mae, we didn’t want to send you through foster care and we adopted you, and you’re my son.'”

Freddie had been found abandoned as a newborn baby next to a dumpster (a large rubbish container) in rural Florida.

“When he told me that, I was like, ‘OK I’m trash,’ and I felt unwanted. But he grabbed my shoulder and he said, ‘Listen, don’t you ever let that bother you.'”

Nathan Figgers was a maintenance worker and handyman and Betty Mae Figgers, a farmworker. They lived in Quincy, a rural community of about 8,000 people in North Florida, and were in their 50s when Freddie was born in 1989.

“Kids used to bully me and call me, ‘Dumpster baby,’ ‘Trash can boy,’ ‘Nobody wants you,’ ‘You’re dirty,'” he says.

“I remember getting off the school bus sometimes and kids used to just come behind and grab me and throw me in a trash can and laugh at me.”

It reached a point where his father would wait for him at the bus stop and walk him home, but the children mocked Nathan too, Freddie remembers, “saying, ‘Haha, look at the old man with the cane.'”

So far as Freddie was concerned, Nathan and Betty Mae were heroes, and great role models.

“I saw my father always helping people, stopping on the side of the road helping strangers, feeding the homeless,” he says. “He was an incredible man, and for them to take me in and raise me, that’s the man I want to be like.”

At weekends Freddie and Nathan would drive around “dumpster diving” – looking for useful things that had been thrown away by their owners. Freddie particularly had his eye out for a computer.

“It’s an old saying, ‘One man’s trash is another man’s treasure,'” says Freddie, “and I was always fascinated by computers. I always wanted a Gateway computer, but at that time we couldn’t afford one.”

Finally, one day when Freddie was nine, they went to a second-hand shop called Goodwill, where they came across a broken Macintosh computer.

“We persuaded the sales associate,” says Freddie, “and he said, ‘Hey, I’ll give it to you for $24,’ (£17), so we took the computer home and I was just so ecstatic.”

He was already fond of tinkering with the collection of radios, alarm clocks or VCRs that Nathan had accumulated, and the broken Mac now became the focus of his attention.

“When I got it home and it wouldn’t come on, I took the computer apart,” says Freddie.

“As I was looking in it I saw capacitors that were broken. I had soldering guns there and I had radios and alarm clocks, so I took parts out of my father’s radio alarm clock and I soldered them into the circuit board.”

After about 50 attempts, he says, the computer finally switched on – and at this moment Freddie says he knew that he wanted to spend his life working with technology.

He was 12 when his skills became noticed by others. At an after-school club, while other children were playing in the playground, Freddie set to work repairing broken computers in the school’s computer lab.

“If the hard drive was corrupt I would swap it out. If it needed more memory I would add more RAM. If it needed a power supply, I would switch it out,” he says.

The director of the after-school program was Quincy’s mayor and when she saw that he was bringing broken computers back to life, she asked him to come to the city hall with his parents.

“When we get to city hall, she shows me all of these computers in the back, oh gosh, maybe 100 of them stacked up, and she says, ‘I need these computers repaired.'”

From then on, Freddie spent time every day after school mending this pile of computers, for $12 (£9) an hour.

“It wasn’t even really about the money,” he says. “I had an opportunity to do something that I loved to do and it was just so fun to me.”

A couple of years later, a coding opportunity arose. Quincy needed a system to check the city’s water pressure gauges, and a company had quoted $600,000 (£432,500) to develop a computer program.

Freddie remembers that the city manager called out, “Hey, Freddie’s a computer dork, he could probably help with this.”

“So I said, ‘Sir, listen, if you give me an opportunity, I could build the same program. So he gave me that opportunity and I built that program exactly to the specifications that they needed. I didn’t get paid $600,000, I got my regular paycheque and went home.”

It was a crucial turning point in Freddie’s life. He was only 15, but he now decided to leave school and start up his own computing business – much to his parent’s dismay.

“They believed in education, work, retirement, and I wanted to break that chain, I wanted to do something different,” he says.

Freddie’s business was going from strength to strength when a couple of years later, Nathan started rapidly developing Alzheimer’s disease.

One disturbing symptom was that he would wake up in the night and re-enact things he had seen on television earlier in the evening. This led to what Freddie calls “the most traumatizing thing that ever happened to me”.

He started out providing services in rural areas of north Florida and southern Georgia, not far from Quincy, and the company has steadily grown. In 2014, Freddie launched a smartphone, the Figgers F1, with a device that detects motion and switches to “safe mode” above 10mph, preventing people from texting while driving. The Figgers F3, which went on sale in 2019, contains a chip designed to enable wireless charging whenever the phone is within five meters of a “super base charger” – a device that has been awaiting approval by the FCC.

The marketing of the F3 caused controversy, with some bloggers arguing that not all of the first model’s features were as up-to-date as they said they had been led to believe. Freddie told the BBC: “Our goal is to provide honesty and transparency while we provide quality and advanced products at an affordable price.”

Freddie’s mother, 83, has now also begun to develop Alzheimer’s. He says she’s very proud of what he has achieved and realizes that the glucometer, which might have saved her uncle’s life, is “something special”.

Freddie married Natlie Figgers, an attorney, in 2015, and they have a little girl. As well as his businesses, he runs a foundation that invests in education and healthcare projects and helps disadvantaged children and families. Recent schemes have included donating bicycles to children in foster care, and PPE to people on the frontline of the coronavirus pandemic.

Freddie says the most important advice he would give his little girl about life would be to “never give up, no matter how cold the world may look,” and try to make a positive impact on the life of every person you encounter. It’s a message Freddie’s father and number one supporter, Nathan, would have entirely agreed with.

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Dogs are a Best Friend for Those with Dementia

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Don’t confuse these highly trained dogs with emotional support pets. You can find those on flights as well. People with disabilities, including persons with aging issues, can use a service animal to help them in daily life. These dogs are trained to perform many tasks. These include providing stability for a person with an unstable gait, picking up items for a person who uses a wheelchair, even alerting an individual who has hearing loss when someone is approaching from behind.

With training, these service dogs can provide help for the person suffering from dementia and peace-of-mind to the family and the caregivers of the individual.

People with Alzheimer’s or other forms of dementia find it difficult to deal with everyday life. Their cognitive decline can even put them in danger. As dementia gets worse, as it usually does over time, the ability to do the normal activities of daily living, without supervision, becomes limited or impossible.  Generally, caregivers at home or placement in memory care in an assisted living facility or nursing home become the ideal situation for the individual. A service dog can often provide comfort and assistance when a person is living at home or, on occasion when allowed, even in assisted living. 

researchers have thought pets are good for all of us, but even more so with older people or those suffering from health issues. Studies have shown the health benefits like lower blood pressure and heart rate and reduction of stress hormones. Research even shows that pets can boost levels of the feel-good hormone, serotonin.

Many experts are now talking about using service dogs, who are highly trained to start with, to be part of the caregiving team for those with various forms of dementia. In fact, some facilities are hiring pet coordinators to aid in the care of residents’ pets.

“It has been well-established that pets have a therapeutic and often calming impact on people in general,” said Dr. Thomas Schweinberg, staff neuropsychologist for the Lindner Center of HOPE in Mason, Ohio.

dogs are now being trained specifically for help with those with cognitive decline. The first is in Israel and was the brainchild of Dafna Golan-Shemesh, a social worker with expertise in caring for Alzheimer’s patients, and her partner Yariv Ben-Yosef, a professional dog trainer.

A similar project was initiated by students at Scotland’s Glasgow School of Art’s Product Design Department and then further developed by a partnership between Alzheimer Scotland, Dogs for the Disabled, and Guide Dogs Scotland.

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