Robert Wanyama 
Navigating the path to financial independence. Financial discipline among petty traders in Kenya [PDF ebook] 

Seminar paper from the year 2023 in the subject Economics – Finance, , course: Strategic Management, language: English, abstract: This study delves into the intricate relationship between financial discipline and the attainment of financial independence. Financial discipline is widely recognized as a crucial factor influencing an individual’s ability to manage resources effectively and make informed financial decisions. Financial independence, on the other hand, is a state w
The research employs a mixed-methods approach, combining quantitative analysis of survey data and qualitative insights from interviews with individuals who have successfully achieved financial independence. The study aims to explore the various dimensions of financial discipline, including budgeting, savings habits, investment strategies, and debt management, and their collective impact on the journey toward financial independence. Key variables such as social media influence, cash flow management, expenditure patterns, and financial goals are examined to understand how individuals with strong financial discipline navigate their financial landscapes.
Additionally, the study investigates the psychological and behavioral aspects associated with financial discipline, exploring factors such as social media influence in relation to delayed gratification, risk tolerance, and long-term planning. Findings from the research provide valuable insights into the positive correlation between financial discipline and the likelihood of achieving financial independence. Moreover, the study uncovers potential challenges faced by individuals in maintaining financial discipline and offers practical recommendations for cultivating and sustaining these habits.