Image Affluence: All that Glitters is not Gold

From the previous post – You can be Millionaire and Broke, we can see that having a high net worth does not necessarily translate to being cash rich. You can be asset rich and cash poor, and may be forced to dispose of your assets at below market prices when you negotiate from a position [...]

You can be Millionaire and Broke

Your net worth is not a true indicator of your financial situation. You can be rich and broke, a millionaire but shaking out your pockets to make some basic purchases like fueling your car or money from groceries. If you have not been in that position, it may sound like a fable. You see, your [...]

What is Your Net Worth?

Another aspect of your financial fitness test is knowing your net worth. Most people have no clue what the number is. The do not know how much they own or how much they owe. They carry a fuzzy number in their head, based on assumptions not related to reality. If you have serious financial goals, [...]

Your Financial Fitness Test Results

Congratulations if you did your financial fitness test. You are among the few who have a clue as to the state of your finances. That was a starter version but serves well to give you a snapshot as to how you are faring in managing your finances. What does the result mean? If you answered [...]

Your Financial Fitness Test

There are many financial tests available. Below is one I came up with to assist you get going. This is a beginner’s version. Taking a financial fitness test is a quick way to get a snapshot of your financial health. It takes about twenty minutes only. All it requires are simple yes or no answers. [...]

Financial Security: Investing in Treasury Bills

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. They are by nature, the most liquid money market [...]

10 Ways to Reduce Debts Faster and Quicker In 2013

By Charles Malcolm Let me begin with something amazing, which may startle you. “Debts are actually a useful tool if it is used wisely – to acquire assets.”. If your consumer debt is taking a large share of your income then it is really a matter of concern. The debts and the associated rates of [...]

Financial Security

The first and most important component of your financial foundation is your financial security security plan. This is your base – if all fails and the sky comes tumbling down, you have food on the table, can pay your bills and life goes on normally. Investments can fail to yield the desired returns. You can [...]

The Asset Allocation Approach to Building a Solid Financial Foundation

Spending below your income is a fundamental law of financial freedom. If you break this law, you become broke yourself. However, it does not end with saving. You need to build a solid financial foundation with your savings, else you will misappropriate your savings and end up broke all the same. So the big question [...]

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