In Rwanda today, more young people are talking about “financial independence.” You’ll hear it on social media, in schools, and even in church groups. But the big question remains: Do young Rwandans really understand what financial independence means? Or are they just repeating a popular phrase without living it?
To start with, financial independence simply means having enough money to support yourself without relying on your parents, family, or others. It also means being able to manage your money wisely knowing how to earn, save, spend, and invest responsibly. It’s not just about having a job or making money; it’s about control and smart decisions.
Many Rwandan youths today are becoming more aware of the importance of making their own money. Thanks to the internet and digital platforms like YouTube, TikTok, and Instagram, some have learned to make money online through content creation, freelancing, or even small businesses. The rise of mobile money platforms like MoMo has also made it easier for young people to manage their earnings and start simple businesses.
However, the reality is that a large number of Rwandan youths still struggle with fully understanding financial independence. Some still depend heavily on their parents or wait for government or NGO jobs. Others earn some money but don’t know how to save or invest it. They may spend it all on expensive phones, weekend outings, or fashion trends, leaving nothing for emergencies or future plans.
One reason for this gap is the lack of financial education. While schools teach many subjects, few focus on money management or entrepreneurship. Some young people finish university without knowing how to budget, write a business plan, or open a savings account. Another factor is peer pressure and society’s expectations. Many young Rwandans feel pressure to “look successful” even if their pockets are empty.
But there is hope. Financial literacy programs are starting to grow in Rwanda. NGOs, banks, and youth organizations are offering training on saving, budgeting, and entrepreneurship. Platforms like the YouthConnekt initiative are encouraging youth to think big and plan for long-term success.
The journey to true financial independence starts with mindset. It’s about learning to live within your means, making smart money choices, and planning for tomorrow. For young Rwandans, understanding this early can lead to a better future not just for themselves but for the whole country.
So, to all young Rwandans: it’s time to go beyond the hype. Don’t just say you want financial independence. Learn it. Live it. Teach it. Your future depends on it.
Brenna AKARABO
RADIOTV10
