The world of personal finance
Financial statements are written records that convey the financial activities and position of an entity or individual. Though it is more common for an entity, financial statements for individual is very important. The importance of having these records include: It
“The first step towards financial literacy is the management of your cash flow” Cash flow is simply the inflow (incoming) and outflow (outgoing) of cash. Cash flow management is simply the management of our income and expenses. There’s no point
An emergency fund is a readily accessible source of assets (cash or other high-liquid assets) set aside to cover unexpected financial dilemmas. Financial dilemmas include unexpected hospital bill, a car break down, the loss of major source of income etc.
Simply put, an investment club is a group of people who pool resources to make investments. Each member may or may not actively participate in investment decisions. Together, you can all search for investment opportunities, analyse them and make uniformed
We recently concluded our seven-module series on understanding financial literacy. I hope you followed through it. If not, I’ve got great news, I’ve compiled the major lessons in each module in one article, for you to see them all at
Yes!!!!! We made it to the second half of the year. All glory to God. It is important to note that now is the best time to review our financial well-being for the first half of the year. Reviews are
It is very easy for people to save. In fact, for many, savings is their final stopping place, giving themselves that pat on the back as they see how much they could store up over time. Inasmuch as it is
“The path of wealth is found in the fulfilment of purpose” Yes, experts classify income into three main categories: earned income (active income), passive income, rental income. However, this module addresses another class of income called purpose income. This
Money is usually attracted, not pursued -Jim Rohn Let me start this module by telling two stories. “Omilola Oshikoya, African’s Wealth Connoisseur, shared her story about a time when she had a car loan and she
First of all, let’s understand what debt is. According to Investopedia, “Debt is an amount of money borrowed by one party from another”. The repayment of this debt usually comes with interest. Debt, they say can be either good or