Being broke can be very depressing. Do you know the reason your finances are in a mess is because you probably haven’t employed prudent management principles to your finances? To gain total financial freedom, managing your finances should be your topmost priority. Your finances cannot be left to chance, and you should not be borrowing …
Imagine your landlord/landlady banging on your door before the wake of dawn for his/her rent or utility bills or MTN ready to deduct any money that drops into your Mobile Money (momo) account as a result of your indebtedness to their “Qwikloan” scheme. That must be stressful! Financial problems e.g. high debts are undoubtedly stressful, …
Saving simply means putting aside money for future use. You can save towards acquiring a property, education, pension etc. Most individuals have the habit of either spending too much and saving too little or do not save at all. In order to achieve financial freedom every Individual must have these three types of savings; 1. …
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas – Paul Samuelson Investing is putting money into productive use; it helps you grow your money; it requires a lot of planning and patience. Before you invest in anything, do your research, …
It’s not your salary that makes you rich, it’s your spending habits – Charles A. Jaffe. No matter how much you earn, your spending habits can either make or unmake you. Can you tell how much you spent last week and what you spent on? Bad spending habits can lead to debts, that’s why you …
The festive season is upon us, this to most of us means shopping, sending money to family, sharing gifts, family visits, and a lot of spending! As we spend, we must have in mind that, there is life after the festive season. Typically, people are paid earlier in December as compared to other months. Say, …
As you teach your children, various life disciples, do not ignore financial discipline – this is one of life’s most important disciplines; our goals can only be fulfilled when we are successful with money. Cultivate the habit of saving in your children – It is a different thing to hold trust accounts and educational policies …
George S. Clason in his book The Richest Man in Babylon outlined seven (7) ways to cure a lean purse – curing a lean pure simply translates to teaching people practical ways to acquire wealth. 1. Save at least 10% of your income – Develop the habit of savings by simply saving at least 10% …
YES! we all need insurance. Investments and savings alone are not sufficient to achieve financial freedom, insuring your life and assets are equally important. Insurance is a risk transfer mechanism. When you buy insurance, you have transferred your potential risk to the insurance company/insurer. If you have a spouse, parent, or child depending on you …
Social media platforms such as Instagram have harmed most young adults. We think we need to live and do things in a certain ‘acceptable’ way. Our weddings must feature on popular wedding and lifestyle blogs. It is a once-in-a-lifetime event, so I need to make it big – you will hear some say. For others, …
