PREMIUM I’m divorced at 49. How do I rebuild my life? Before making major investments or buying a vehicle, first build a strong emergency fund. Saturday Magazine 34 min ago Listen

From 49 to 50, use the contract year to stabilise your finances by building an emergency fund, avoiding unnecessary debt, starting retirement savings, controlling lifestyle inflation, exploring viable businesses, getting medical insurance, and protecting your assets.

In one year, this approach could build about Sh360,000 in emergency savings, Sh360,000 in retirement investments, and Sh300,000 in business capital, close to Sh1 million in assets while still retaining your house and land.

Build long-term security through a balanced asset base: protect your house and land rather than pledging them for an untested venture, maintain accessible emergency savings, grow dedicated retirement investments, pursue profitable business assets, and add income-generating investments that reduce reliance on employment.