By Tokiso TKay Nthebe
Introduction: Why Financial Preparedness Matters More Than Ever
In today’s fast-changing economy, job security is no longer guaranteed. Retrenchment, layoffs, and contract non-renewals have become part of the modern career journey—especially for professionals in NGOs, donor-funded projects, and the development sector.
Whether you’re in Johannesburg, Nairobi, London, or Accra, one truth remains: you can’t always control external circumstances, but you can control how financially prepared you are.
Losing your job or facing retrenchment can be emotionally and financially devastating—but with the right financial planning strategy, you can cushion yourself against the shock and bounce back stronger.
The “Starve Yourself” Mindset: What Trevor Noah Taught Us
In one episode of What Now?, Trevor Noah reflected on how he intentionally prepared to leave The Daily Show. He described it as “learning to starve yourself”—not in the literal sense, but in practising financial restraint and discipline before you have to.
“Things can end anytime. How many of us can truly say we’ve exercised our choice to end the thing when we could?” – Trevor Noah
That mindset is a lesson in financial independence. It’s about building resilience and creating options long before life forces you to make changes.
What It Means to ‘Starve Yourself’ Financially
Financial “starvation” is really about intentional frugality—training yourself to live below your means even when things are going well. It’s a powerful act of self-discipline that builds financial freedom.
Here’s how to apply it:
- Build an Emergency Fund
Save at least 3–6 months of living expenses. This safety net will keep you afloat if your income stops unexpectedly.
- Cut Back on Non-Essential Spending
Reassess subscriptions, entertainment, and lifestyle splurges. Living leaner now gives you flexibility later.
- Fight Lifestyle Inflation
Just got a raise or a new client? Save or invest the extra income instead of upgrading your lifestyle.
- Invest in Yourself
Upskill. Learn new technologies, certifications, or business skills that make you more marketable and adaptable.
- Diversify Your Income
Explore side hustles, freelancing, consulting, or digital income streams. One income stream is too risky in the 2025’s economy.
- Create an Exit Plan
Don’t wait until things fall apart to think about what’s next. Whether it’s launching a business or going back to school, always have an option ready.
- Don’t Postpone Your Dreams
Waiting for “the right time” might never come. Take small, intentional steps toward your personal and financial goals now.
Why This Matters—Especially for NGO and Donor-Funded Professionals
Working in development or humanitarian sectors often feels stable—until it’s not. Funding cycles, donor priorities, and political shifts can change overnight, affecting thousands of jobs.
If your income depends on project-based or donor-funded work, here’s what you should do now:
- Review your financial obligations. Are there unnecessary debts or commitments you can reduce?
- Diversify your income. Don’t rely solely on one employer or donor project.
- Start the conversation early. Talk to your family, financial coach, or business partner about future plans and savings goals.
Being proactive today can mean the difference between financial panic and financial peace tomorrow.
Final Thoughts: Choose Preparedness Over Panic
Financial wellness isn’t about fear—it’s about freedom.
By embracing a mindset of restraint, planning, and purpose, you position yourself to make choices on your own terms—whether that’s leaving a job, pivoting careers, or starting your own business.
Start small. But start now.
Your future self will thank you for it.
Related Resources
Watch: Trevor Noah’s Podcast Episode – What Now?
Tokiso TKay Nthebe is an author, podcast host, financial coach, and lead advisor at TKO Financial Wellness & Advisory, passionate about helping young professionals and entrepreneurs build financial confidence, freedom, and wealth.
Visit www.tkofinancialwellness.com or email info@tkofinancialwellness.com for personalised coaching and resources.
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