The Financial Literate

In the last two episodes of this series, I’ve discussed different investment options in Nigeria, ranging from treasury bills to fixed deposits to mutual funds to investment deposits etc., most of which are short term. Today, I’ll be sharing other

Hi reader. Welcome back to my blog. I hope this blog has been really enlightening you financially. Resultant of the many enquiries I’ve been receiving, I started this series which talks on investment options in Nigeria. Last episode discussed treasury

Investment is not a get-rich-quick scheme; it is a process of building wealth. There are active and passive investments. Investment that require your presence and close attention is active e.g. owning/ managing a business while those that do not require your

In recent times, I have been receiving a lot of inquiries, mostly from Nigerians, on investment options available. So, in subsequent posts, I’ll be discussing in details various investment options available in Nigeria and how you can assess them. Stay

In a nutshell, your net worth is your assets (what you own) minus your liabilities (what you owe). Your net worth is your wealth. Your net helps you ascertain if you are where you want to be and serves as

After creating our financial statements, we analysed them using ratios which helped us determine if we are meeting the ideal benchmark or there is need to improve on any area. This ratio analysis can be a guide to determine our

Last article discussed how we can create our financial statements. These statements help us organise our financial data and see our finances on one sheet. However, this information is not in its end helpful but can serve as a source

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.