Financial planning possible without steady income – Kush Mkushi

Kush Mkushi, the Financial Director of Absa Bank Ghana, spoke about financial planning. He said it is not just for those with steady incomes.

During Week One of the Citi Business Festival, he emphasized disciplined money management. This applies to everyone, regardless of their financial situation.

Mkushi believes that even without income, people can plan financially. However, this requires discipline and commitment.

He acknowledged that living costs can be unpredictable. He encouraged individuals without regular earnings to assess their skills and find ways to earn money.

Fresh graduates often face this challenge when starting their careers. Mkushi explained that they should focus on basic needs while gaining experience.

He advised them to use their spare time wisely. This could help them land better jobs or start their own businesses.

Financial planning at this stage should prioritize essential needs first. It’s also important to carve out time for skill development.

Mkushi highlighted the need for intentionality in managing finances. This is especially crucial during uncertain times or transitions in life.