No Copy and Paste Route to Success

Success has many fathers, failure is an orphan, so goes a popular saying. Deep down, we all want to succeed at whatever we set out to do, either to make a living, have fun or make our unique contribution. Success has principles which are no respecter of persons. There is no substitute for hard work. [...]

Investment Basics: Capital Gain Versus Cash Flow

The average investor invests for capital gain. This is the easiest thing to do. You do not have to analyze the investment, do due diligence and determine if the investment will generate a net positive cash flow. All you are depending on is market sentiment. You are banking on the price going up. If it [...]

Learn How to Spend (Smartly) Rather Than How to Save

You can become rich by saving, but it is a very slow and painful process. You will end up becoming a cheapskate, penny pincher and perpetually denying yourself the things you desire, saying no to what you want and yes to what you only tolerate. Let’s be real to ourselves, money enhances enjoyment of life. [...]

The Three Basic Asset Classes

There are three basic asset classes. They are: 1) Paper Assets 2) Real Estate 3) Businesses Each asset class has its unique characteristic, and you need to decide which asset class to focus on as you commence your journey to financial freedom. PAPER ASSETS These are assets such as stocks, bonds, mutual funds etc. Paper [...]

The Three Types of Education

The Three Types of Education There are three types of education when it comes to the world of work, business and finances. Your literacy level in each determines your ability to succeed. None is superior to the other, but all three are important if you want to attain financial freedom. They are: 1) Academic Education [...]

Investment: The Myth of Diversification

“Diversification is only required when investors do not understand what they are doing” – Warren Buffet Diversification is a defensive strategy to minimize your losses in investing by spreading your risk across different sectors. If you lose here, you make up by winning over there, thus minimizing your losses. Experts and brokers advise their clients [...]

Not Everbody Loses Money in Market Crashes

Every professional investor knows that every market experiences periods of boom and bust. Each market has a cycle and historical trend. History may not repeat itself in the exact time frame, but if you know how to read the handwriting on the wall, you can tell where the market is heading. There is a time [...]

I Have N200K, What Do You Advise I Should Invest In?

I will take a brief break from the financial education series to take some questions that have come in a little while ago. I have edited the sentences and expanded then to long hand for easy reading (1) Dear sir, I have N200,000. What do you advise I should invest in? I am afraid of [...]

National Housing Loan – Frequently Asked Questions

A: AIMS AND OBJECTIVES 1. What are the aims and objectives of the NHF Act No. 3 of 1992? a) To facilitate the mobilization of funds for the provision of houses for Nigerians at affordable prices b) To ensure constant supply of loans to Nigerians for the purpose of building, purchasing and improvement of residential [...]

Investment Options: The Five Biggest Markets

An average wannabe investor only thinks about the stock market when looking at investment options. In the world of the average investor, diversification of your investment portfolio is understood in the context of buying stocks in companies across different sectors eg banking, manufacturing, oil and gas etc. in addition to investment in mutual funds that [...]

You Don’t Have to Quit Your Job to Become a Millionnaire

You can attain financial freedom without having to quit your job. For most people, attaining financial freedom and quitting their jobs go hand in hand. This is because financial freedom gives you the freedom to choose, and for most employees, if they really have the freedom to choose, they will choose to walk away from [...]

The Three Types of Income

If you want to achieve financial freedom and ultimately become rich, you need to know the different types of income, their characteristics and the ones that works out best for you. There are three basic types of income namely: 1) Earned Income 2) Portfolio Income 3) Passive Income EARNED INCOME This is the most popular [...]

When Debtors Win

The subject of debt elicits different reactions from different folks. The issue of debt has to be placed in the right context. There are two kinds of debt – good debt and bad debt. Good debt makes you rich. Bad debts make you poor. If you have a clear understanding of what good debts and [...]

When Savers Lose

Saving is a cherished virtue. It signifies self discipline, self control and delayed gratification. When you save in times of plenty, you suffer no lack in times of famine. However, savers can lose if they save the wrong thing. Saving money is one of the cornerstones of achieving financial freedom. You can hardly lose when [...]

Teaching the Next Generation: A Case of Hyperactive Children

My experience with my son Josh has shown me by experience that the school system does not cater for all kids. “Hyperactive” children don’t fit well, and if care is not taken, their creativity can be crushed. Sitting down and receiving lectures does not suit all temperaments. While some get it, others are bored to [...]