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Home » Media » How To Manage Money In Your 20s- Doreen Majala Explains

How To Manage Money In Your 20s- Doreen Majala Explains


The ex-anchor, who is also a trained lawyer, stated that living in humble beginnings for a short period of time enabled her to save up to 65% of her salary.

Former NTV anchor Doreen Majala revealed the lessons she learnt on managing money in her mid-late 20s, while disclosing that she lived in a servants’ quarters despite earning a huge salary at the media station.

The ex-anchor, who is also a trained lawyer, stated that living in humble beginnings for a short period of time enabled her to save up to 65% of her salary.

This, she explained, was pivotal in achieving her financial goals, as she was able to make her first million at the age of 28.

A person holding the new bank notes released in 2019. /NAIROBI NEWS

She also revealed her humble background where she trekked for two kilometres to school each day.

Majala further revealed that she was able to finish her university education because of money derived from her father’s miraa farm and some education funds he had set aside for her and the other siblings.

Contrary to the misconceptions about money, financial freedom is not only limited to the super-rich, as even the same is achievable on whatever salary with an exercise of discipline and smart investment options.

For Majala, she advised anyone willing to achieve that financial freedom to start saving early, as well as prioritising savings and using resources for investment.

Financial advisers also advise one to cut down on debt and also explore having multiple streams of income and side jobs or businesses to put extra coins in their pocket 

It is also a good plan to get a mentor or financial adviser on top of setting your goals as well as track your progress.

During her tenure at NTV, she started a foundation, The Doreen Majala Foundation, which focuses on education.

“It works towards creating equal learning opportunities for every child by providing basic learning materials to children in underprivileged schools,” she stated in a past interview.

The ex-TV anchor stepped down from the media industry to pursue a master’s degree in arbitration, a field she had classified as one of her key passions.

On February 24, 2021, she kicked off her new practice dubbed Ressolution Chambers LLC, a practice consisting of her and two other professional mediators that will focus on custom-made dispute resolution.

Doreen Majala’s tips on managing money, in summary:

  1. Start early
  2. Don’t spend more than you make
  3. Prioritize savings
  4. Use resources to investment
  5. Minimize debt
  6. Have a lifeboat/Plan B
  7. Have multiple streams of income/ Side jobs/ Business
  8. Get a mentor or Financial adviser
  9. Set your goals
  10. Track Progress

Former NTV anchor Doreen Majala is a trained lawyer and holds a Bachelor of Law degree from the Catholic University of Eastern Africa (CUEA). /FACEBOOK



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