Joseph KB Kadzakumanja
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About Joseph KB Kadzakumanja
📊Empowering Individuals, Business Owners & Managers for Financial Clarity & Tax Efficiency | Certified Sage Cloud Adviser| Certified QuickBooks ProAdvisor |🌍WorldBank DB Tax Contributor |Managing Director@KB Accounting Services Ltd
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Being a productive friend is not just about showing up, but being present, supportive, and helping each other grow. Offering advice, lending a helping hand, or just being there when times get tough, a productive friendship can make all the difference. Here are 10 ways to be that friend who adds value, not just an imposter. 1. Be a Good Listener: Sometimes, the best way to help your friend with their finances is to simply listen. Offer your time and attention without judgment. Listening to their concerns can help you offer better financial advice when needed. 2. Encourage Smart Money Goals: Help your friends set achievable financial goals and stay focused on them. When saving for a big purchase or paying off debt, be their cheerleader and remind them to stay on track. 3. Be Honest, but Kind: When it comes to money, honesty is key. Be the friend who offers constructive feedback on financial decisions.
4. Offer Your Expertise: If you are good with finances, do not hesitate to share your knowledge. Help your friends to create a budget, showing them how to track expenses, or explaining how investments work; your advice can help them make smarter financial choices. 5. Celebrate Their Financial Wins: Celebrate even the small financial wins with your friends. Paying off debts is a WIN, sticking to a savings plan is a WIN, investing as little as $1 is a WIN, etc. It boosts morale and encourages them to keep going. 6. Hold Each Other Accountable: Hold your friends accountable when it comes to their financial goals. Don't be the Chairperson; it’s a two-way street.Be open to them holding you accountable too. 7. Show Empathy: Financial struggles can be tough. Be the friend who understands their situation and offers support without rushing to offer solutions. Sometimes, all they need is to know that someone cares. 8. Respect Their Financial Boundaries: Respect your friends’ financial decisions. If they are on a tight budget, don’t pressure them to spend more than they’re comfortable with. Respecting their financial boundaries shows that you value their well-being. 9. Stay Positive, Even During Financial Setbacks: Money issues can cause stress, but staying positive can help your friend stay focused on solutions. A little encouragement goes a long way in keeping morale high during tough financial times. 10. Encourage Healthy Financial Habits: Help your friends develop smart financial habits, like saving consistently, budgeting effectively, and investing for the future. Encouraging these habits can set them up for long-term financial success. When giving, don't expect much; you will be disappointed. Just be the one who wants to do more.
Not long ago, I stood in a grocery store aisle, staring at a price tag that had doubled from just a few months ago. The rising cost of living is hitting hard; food, rent, everything is more expensive. It feels like no matter how much you try to plan, your money just isn’t enough. It’s a feeling so many of us share right now. The economy is squeezing everyone, and the stress of making ends meet can feel overwhelming. But in moments like these, I am reminded of the power of resilience and hope. A groundbreaking study by Dr. Barbara Fredrickson in 2005, called the "Broaden-and-Build Theory," showed that cultivating positive emotions, like hope, can help us find solutions, even in the toughest situations. Her research highlighted that when we focus on even small positives (Instead of amplifying the challenges in the minds) our minds open to new possibilities, helping us face challenges with clarity and strength.
4. Over-Leveraging: Debt might seem like a quick fix, but relying too heavily on it can lead to financial chaos. Build a solid foundation, keep a cushion, and stay in control of your money. Pay back debts, don't pretend to be a gentleman. 5. Focusing Only on Money: Money is important, but don’t let it take over your life. Balance is key; make room for health, happiness, and meaningful connections. A healthy, happy and connected soul is a magnet for money. 6. Overconfidence in Your Financial Knowledge: Nobody has all the answers. Be open to learning and be cautious of overestimating your financial savvy. It’s okay to admit that there’s always room to grow. 7. Comparing Yourself to Others: It’s tempting to look at others and wonder how they are doing it, but remember, we all have different paths. Stay focused on your own journey, and don’t let comparison trip you up. 8. Living Beyond Your Means: Trying to keep up with others’ lifestyles can be draining and lead to unnecessary debt. Be realistic about what you can afford and focus on living within your budget. 9. Neglecting to Save: Saving might not seem glamorous, but it’s one of the smartest things you can do for your future. Even small amounts add up and give you a safety net for life’s surprises. Remember, saving is a step to investing. 10. Being Afraid to Fail: Fear of failure can keep you stuck. Take risks, make mistakes, and learn from them. Failure is just a stepping stone to success. The way you handle money starts with how you think about it. Small mindset shifts can lead to big changes in your financial freedom!
You can make small shifts; 1️⃣ Focusing on What You Can Control: While you can’t stop prices from rising, you can make smarter financial choices, planning, cutting unnecessary expenses, and STICKING to what you want to do. 2️⃣ Gratitude in the Midst of Struggle: Every night, you write down something good, about a supportive friend, a productive day, or even a small victory like finding a great deal. It reminds you there is still good, even in hardship. 3️⃣ Believing Things Can Get Better: History shows that economies recover. Staying hopeful isn’t naive, it’s essential for perseverance. Times are undeniably tough, but hope is what fuels the fight. It’s what drives us to adapt, to support each other, and to keep going. 💬 How are you staying resilient? #HopeInHardTimes #EconomicResilience #StayStrong
CA Akonda Supuni Yakobe FCCA highlighted the importance of self-determination and clarity. She emphasized knowing who you want to be, what you want to achieve, and pushing past anything that hinders your journey. She reminded us that failure often starts from within, not from the obstacles we encounter. She was particularly thrilled that the first chapter of Defying the Odds focuses on "Defining Self," a core element for success. Bertha Bangara-Chikadza, PhD. spoke profoundly about understanding your roles and responsibilities in various aspects of life. She encouraged us to excel in our given positions: 🟢 At work, fulfil your role wholeheartedly. 🟢At home, embody the responsibilities of a spouse or parent. 🟢In your religious or community gatherings, serve as an active and present member. Her message was clear: don’t carry the baggage of one role into another—be fully present wherever you are. The event was enriched by other dynamic speakers, including Harry Chima, Thomas Nyang'wa, Atusayi Kanyenda, Noel Lipipa, and more. Each contributed unique perspectives that left the audience motivated and energized. My Takeaway: Just as we exercise to strengthen our muscles and eat to nourish our stomachs, we must also feed our minds. Whether it's through reading insightful books, attending impactful events, or engaging in meaningful conversations, investing in mental and intellectual growth is crucial. Congratulations to Hope Jabes for this incredible achievement! May his books inspire many to heal, rise, and defy the odds in their own lives
Sometimes, the biggest obstacles to learning come from within ourselves, arrogance and shyness. Arrogance: When we think we know everything, we stop growing. It's like thinking we have all the answers and refusing to listen to others. It’s easy to fall into this trap, but it means we miss out on opportunities to learn something new. I have caught myself doing this before, thinking I don’t need help, only to realise later I could have gained so much more by being open. Shyness: On the flip side, being too shy to ask questions can hold us back just as much. We might stay quiet because we’re afraid of looking silly or not knowing enough, but in doing so, we let confusion linger instead of getting clarity. I have been there too, and I’ve learned that asking a question can sometimes be the smartest move.
He also shared something profound: even seasoned individuals can give advice that’s not always the best fit for your journey. Not out of malice, but because circumstances differ. His lesson? Vet every piece of advice and make sure it aligns with your unique situation before acting on it. That’s how he’s navigated his own path. These kinds of conversations go beyond surface-level, they’re raw, real, and transformative. My biggest takeaway? Make time for people. Engage, listen, and learn from them. You’ll be amazed at how much insight, inspiration, and clarity you can gain by simply connecting. We all have something to teach, and we all have something to learn
Event Reflection: Hope Jabes' Book Launch Last Thursday, I had the privilege of attending the book launch of Healing from Brokenness and Defying the Odds by Hope Jabes. Events like this are a treasure trove of inspiration and learning. Whenever such opportunities arise, find the time to attend, they are worth every minute. The panel discussion was particularly memorable, featuring two phenomenal women: Dr. Bertha Bangara-Chikada, President of the Economics Association of Malawi (ECAMA), and CA Akonda Supuni Yakobe, President of the Forum for Women Accountants in Malawi (FOWAMA). Both shared powerful insights about overcoming challenges and breaking barriers.
Let’s talk about it, not just the numbers, but the mindset that shapes how we handle it. The way we think about it has a huge impact on our financial lives, and sometimes, it is the small things we avoid that make the biggest difference. Yes, a very big difference. I am referring to money. Here are 10 things you might want to steer clear of if you’re looking to build a healthier, stress-free relationship with your finances: 1. Chasing “More”: Always wanting more, more money, more success – can make you feel like you're running in circles. Find peace in what you have now and remember, enough is enough. Then move majestically to add more 😀 2. Underestimating Luck and Risk: We all work hard, but sometimes luck plays a bigger role than we care to admit. Understand that risk is part of the game and not everything is in your control. 3. Thinking You Can Predict the Future: If only we could see what’s coming next, right? But the truth is, no one can. Instead of guessing, prepare for the unknown and learn to adapt when life throws a curveb
