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Can financial crisis affect my financial stability?
A financial crisis can come in any guise and it has the ability to rattle your financial stability and if not properly managed could put you in financial ruins. That is why it is always advised that you set financial safety nets to cushion the effects of a financial crisis. The most potent financialRead more
A financial crisis can come in any guise and it has the ability to rattle your financial stability and if not properly managed could put you in financial ruins. That is why it is always advised that you set financial safety nets to cushion the effects of a financial crisis.
The most potent financial safety net that can help you withstand financial crisis is emergency Savings and investment on real assets.
See lessHow To Start Savings As A Couple?
First of all, you guys have to talk about It and agree on why it is necessary for you guys to have a family savings. After that, the combined income of the family is considered and monthly savings amount agreed. Then, as a couple, you guys set a savings goal. It could be to buy a house, to pay rentsRead more
First of all, you guys have to talk about It and agree on why it is necessary for you guys to have a family savings. After that, the combined income of the family is considered and monthly savings amount agreed.
Then, as a couple, you guys set a savings goal. It could be to buy a house, to pay rents or any other goal. Sincerity and dedication is important if couples savings would ever work out.
See lesswhy do you want to start a business?
I run a poultry business and the reason I started the business was to contribute my quota to mitigate the effects of food importation in my country. Another reason why I started my business was to provide healthy poultry meat and products raised organically without antibiotics and other synthetic drRead more
I run a poultry business and the reason I started the business was to contribute my quota to mitigate the effects of food importation in my country.
Another reason why I started my business was to provide healthy poultry meat and products raised organically without antibiotics and other synthetic drugs to the populace because I lost a beloved cousin through antibiotics resistance that was caused by non withdrawal of antibiotics in a poultry meat she had eaten.
See lessHow do you cope with inflation as an individual?
The best way to cope with inflation is to try and increase your income level. I don't subscribe to tye idea that you should adjust your lifestyle because some people have very modest lifestyles but the inflation is dealing with them. Another way to cope with inflation is to build up to 3 streams ofRead more
The best way to cope with inflation is to try and increase your income level. I don’t subscribe to tye idea that you should adjust your lifestyle because some people have very modest lifestyles but the inflation is dealing with them.
Another way to cope with inflation is to build up to 3 streams of income. With that, your income is compounded and able to withstand the inflationary trend.
See lessHow can one make money with hair making skills?
A person that has the skills of making hair should start by putting a price tag on the skill. The person can open a shop of herself which is quite expensive to do or build a brand that shows her skills on social media. Let her snap all tye hair she makes and post them on social media and if they areRead more
A person that has the skills of making hair should start by putting a price tag on the skill. The person can open a shop of herself which is quite expensive to do or build a brand that shows her skills on social media. Let her snap all tye hair she makes and post them on social media and if they are that good, people would start contacting her to make their hairs for a fee.
She can then employ other business skills to push her brand forward and expand.
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Do I need to enroll for a course to learn personal finance?
You don't need any course to learn how to manage your money. The only thing that you need is experience and observation. When you notice that spending impulsively makes you broke, you need to learn from It and curtail such a habit. I believe the best teacher of financial education is experience. SomRead more
You don’t need any course to learn how to manage your money. The only thing that you need is experience and observation. When you notice that spending impulsively makes you broke, you need to learn from It and curtail such a habit.
I believe the best teacher of financial education is experience. Someone who had been broke before should know that he should manage money well when it comes so that he or she won’t be broke again.
See lessHow can I save money everyday?
Don't strive to save money everyday if your income sources don't pay you everyday. For people who earn daily income, you would first of all need to have a savings goal. And be realistic about it after you take out your daily expenses. Don't make your daily saving goal too big that you won't be ableRead more
Don’t strive to save money everyday if your income sources don’t pay you everyday. For people who earn daily income, you would first of all need to have a savings goal. And be realistic about it after you take out your daily expenses. Don’t make your daily saving goal too big that you won’t be able to meet up. Just save what you can. You can set automatic savings deductions on your e banking channels and you would have saved much money daily within one month.
See lessHow do you teach kids about money?
First of all, I would teach my kids that money is an exchange for value offered. I would do this by giving them small tasks and giving them cash incentives for completion of those tasks. I would also teach them about savings by taking a part of their pocket money maybe 5 cents and putting it in a boRead more
First of all, I would teach my kids that money is an exchange for value offered. I would do this by giving them small tasks and giving them cash incentives for completion of those tasks.
I would also teach them about savings by taking a part of their pocket money maybe 5 cents and putting it in a box to open the savings box at the end of one year to their amazement how much they have gathered.
See lessWhy is money management important than getting money?
Money management is more fundamental to you being financially stable and possibly wealthy. I believe it is also more difficult than making money. With just a bit of good fortune or even strategic intentions and activities, you can make money. People win lotteries, inherit money, get lucky contractsRead more
Money management is more fundamental to you being financially stable and possibly wealthy. I believe it is also more difficult than making money.
With just a bit of good fortune or even strategic intentions and activities, you can make money. People win lotteries, inherit money, get lucky contracts and so on. It is through effective money management that one would be able to multiply and replenish the money. For me, I would rather learn money management more than I learn to make money.
See lessHow do you become financially secure?
You would become financially secure first by having more than one stream of income. One stream can hold sway when the other steam is facing challenges so that you would not fall into debts just because your business for instance, which is your major source if income has challenges. The second thingRead more
You would become financially secure first by having more than one stream of income. One stream can hold sway when the other steam is facing challenges so that you would not fall into debts just because your business for instance, which is your major source if income has challenges.
The second thing that can make you financially secure is constantly increasing your income level to surpass the level of inflation.
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