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BBC Journalist Ferdinand Omondi explains why media persona end up broke yet they earn big

Talking of big name media persona who have gone broke, Louis Otieno immediately jumps to your mind.

It won’t be forgotten that also renowned Swahili presenter Swaleh Mdoe opted to sell his kidney so as to raise money. All these is a tell-tell case of big name media persona earning big but having their money vanish in thin air.

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BBC journalist and former KTN presenter Ferdinand Omondi has tried to explain why despite the big earning, most of the big name personalities end up broke and in financial constrain.

In a post, Ferdinand Omondi explained, “I was reading the paper today and came across this. Two full pages of nothing but auctioneers. And it worries me. There are many reasons for being stuck in a rut. Many, however, are self imposed.

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Having lived in nairobi and mombasa, i can tell with some authority that the level of plastic prosperity in the capital city is worrying. In mombasa you can commute however you want, drive whatever you want, live wherever you wish. No one cares.

In Nairobi, people will judge you by the mat you choose to board, the car your drive, the area you live in, and even what you order in the bar. Friends compete with friends to impress, throwing bottles of single malt whiskey with prices equivalent to the house rent they should be paying. We take loans to buy sofa sets and high-end wigs, and to finance that holiday in Diani so our Instagram pages can be dope.

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In the end, we are servicing loans we don’t need, are blacklisted at the bank, your name is at the crb, and the shylock is after you. Next thing you know, you are being auctioned, and suddenly you have to move from kilimani back to your mother’s house or worse. If only you bought a demio and lived in roysambu as you saved and grew, instead of taking that loan to buy a harrier you couldn’t even fuel, you wonder.

But regrets always come later. Meanwhile , your pals and slay queens who praised your ability to throw pint have moved on to the next brother with moist hands and a fattened bank account from the fresh loan he will pay for the next 6 years. Friends, it’s time for a rethink. I know I am. Have a financially independent week.”

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