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, …
Adulthood is a scam; most young people will say. If only we knew the responsibilities that presented themselves with adulthood most of us would opt for the opposite. Most of these responsibilities we wish we could escape are financial. Expenses such as rent, monthly utility bills, school fees, medical bills, and the list are endless. …
How comfortable you live after retirement is solely dependent on you, not your employer or the government. Will you be able to maintain your standard of living, or you’ll rely on your children and other family members for support after your working years? Parents use to say they are taking care of us so we …
Retirement Savings: What Is The Best Time To Start? Read More »
Money affects a relationship more than anything else. A study by the National Centre for Biotechnology Information (NCBI) on leading causes of divorce shows that 36.1% of couples cited money issues as the cause of their divorce. Marriage and children come with their own financial responsibilities and learning to manage your finances as a family …
Life without a goal is like a race without a finish line; you’re running nowhere. Goal setting is an integral part of life. In every facet of our lives, we need goals to guide us. We cannot disregard the importance of financial goals in our journey to financial freedom. As we start the new year, …
