Financial Literacy for Everyday People
Many folks have the mindset that money is for spending. Consequently, the only thing they know how to do when it comes to money is to spend it. Hence they spend their way into financial bondage, living perpetually under financial pressure and being forced to work for money.… Read More
Change is the only constant thing in life. Everything that has a beginning has an end. You need an entry and exit strategy. If you don’t have control over how you enter and exit an investment, you will lose money to those who do. It is a common mistake amateurs … Read More
Technology is driving change in the marketplace at an increasing speed. A lot of things you see today, you will see no more. They are already history. This may include your job or business. I feel concerned about the fact that most people seem to go about business as usual. … Read More
Commercial papers are unsecured debt instruments issued by a company or corporation to raise working capital or meet short-term liabilities. It is regarded as unsecured because it does not have a bank guarantee in the event of default. Commercial Papers that come with bank guarantees are called Bankers’ Acceptance. … Read More
Many have gotten their fingers burnt in the quest for high returns. One key challenge with seeking high returns is getting easily distracted. You abandon your plan to go chasing rainbows. There is nothing wrong with high returns per se. There is something wrong with trying to run when you … Read More
We know that we need money. There is no debate about that. Some may try to convince themselves that money is not important. There are others who think money is evil and people who have lots of money must have done something bad or cut corners. Our feelings and beliefs … Read More
When you invest in what you don’t know, you are simply gambling aka ‘try your luck’. Growing up, I remember itinerant scam artists who staged road shows to attract the gullible, promising instant prizes for picking the right card. All you needed to do was to pay the ‘entry fee’ … Read More
Governments have rolled out various poverty alleviation programs at different times with varying degrees of success. Under this scheme, all the small and marginal farmers of the country having cultivable land up to 2 hectares are being provided financial assistance by the central government. At the family and individual levels, … Read More
Knowing what you are supposed to do and actually doing it is often a different ball game. Virtually everyone has seen the memo on the need to save and invest consistently if you want your money to work for you. Everyone desires that. I am yet to meet anyone who … Read More
Part 2 of this article will address questions and feedback received from readers of part 1 of the article. Many readers had a challenge accessing the list of accredited stockbrokers from the Debt Management Office (DMO) website. The address of the actual link to the list is rather long, so … Read More
