Treasury bills is one of the money market instruments or vehicle an investor can use to generate fixed interest income. Nigeria Treasury Bills (NTBs) are short term debt instruments issued by the Federal Government through the Central Bank of Nigeria (CBN) to finance short term expenditure. More »
Making a budget that works is a struggle for most of us. Many have come to the conclusion that budgets don’t work, so we default to the pay as you go mode. Making a budget that works is not rocket science. It is simply a matter of aligning how we spend money with our personal goals.
The opposite of lack is abundance, more than enough. Like poverty, abundance is a mindset. While the poverty mindset leans towards taking, the abundance mindset leans towards giving. The best way to receive on a sustainable basis is to keep giving. Giving sets in motion the process of receiving which is unstoppable. It may be delayed, but like a boomerang, it always finds its way home.
In my last article ‘Success is 80 per cent psychology’; I stated the fact that “Poverty is a mindset, not the state of your wallet, bank account or finances” and used the ‘be – do – have’ model to illustrate. Based on feedback and request for further clarification, I will focus on the poverty mindset in this article.
Borrowing money is a natural aspect of personal finance, which enables buyers to make purchases beyond their immediate means. Mortgages, personal loans, and other financial instruments are used to achieve ownership goals and to fund a variety of individual needs. As essential as they are, however, various types of loans fell out of favor following the recent financial crisis.
According to Peak performance experts, success in most areas of human endeavor is 80 per cent psychology and 20 per cent strategy. Another way to put it is that success is 80 per cent mental and 20 per cent tactical or methodical. Your mindset is more important than your methods. You need the right method quite alright, but that by itself is not enough to deliver the goods if you lack the mental capacity to pull through to the finish line.
Money does not come to us by seeking after it. It comes to us by doing the right things to attract it. Doing the right thing is usually where the problem lies. As humans, we tend to move towards pleasure and away from pain. Having money is fun and pleasurable. In marriage, someone said money is the lubricant of love. Most marital squabbles have financial undertones.
When it also comes to financial matters, little things matter over time. A tap can fill a bucket overnight. If you watch it dropping every two minutes or so, you may feel frustrated and give up altogether. Many are demotivated from starting because the initial returns seems minimal or close to nil. Peanuts add up over time.
If you have set a goal but are having challenges making progress towards it, chances are you will give up and retreat to your comfort zone. Due to the volume of projects I am currently handling, including running a business, writing for a number of publications while catching up on study and reading, I have fallen behind in writing regularly on this blog and making progress on my book which is due out latest second quarter of this year. For quite a while, I have been making excuses and telling myself – one of these days, I will get back on track
Graduating college with little to no debt is a tough feat, but is possible. Even if you can’t eliminate all debt, making the effort and trying will surely decrease the amount you owe after graduation. Scholarships, grants, fellowships and even paid internships can help you decrease the amount you need to take out in loans.
Most of us are not aware of the cash flow pattern around us. Like a worker who takes his usual way to work, he can drive and talk on the phone (if he does not get caught) and buy something on the road, all at the same time. The reason he can pull this stunt is because his mind is not on the ride to work. He has done it so many times, he can drive to work with his eyes closed, if there are no other cars on the road, that is. The point is, he is not thinking. He is operating on auto pilot, virtually brain dead.