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Planet Money cover image

The Universal Basic Income experiment in Kenya

Planet Money

NOTE

Value of Investing in Tangible Assets

Investing money in tangible assets like cows, roofs, or motorcycles instead of keeping it in the bank helps prevent frivolous spending. With tangible assets, individuals are less likely to fritter money away slowly and must carefully consider selling the asset to access the money. When people were asked about the use of funds, some revealed that while they used the money wisely, others mismanaged it, failing to invest in assets or improve their living conditions.

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