Tag: financial planning
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Financial planning made easy
Financial planning is essentially about risk and asset management. It is essentially about having a goal and a plan, including a plan for handling stuff that life can throw your way.
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How much money do you need to attain financial independence?
How long can you last if you lose your job today? That depends on how much you have saved and how much you need to live on monthly. Attaining financial independence is a milestone you need to plan on attaining earlier rather than later. It is a milestone that is unavoidable. You either attain it…
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Financial Consequences of Spending Choices
Every time we spend money, a choice is being made whether we are aware of it or not. Each spending choice we make has financial consequences, either now or further down the road. Most people are not aware of this fact, hence they do not take the time to think through those spending choices and…
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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…
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About Buyers Remorse and Financial New Year Resolutions
Oops!, you did it again. You bought first before thinking through. You get home with your shopping bags with an uneasy feeling you goofed. A lot of thoughts are running through your mind. Are there better models or alternatives in the market? Did you get it at the right price or you can get it…
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The Role of Financial Goals in Financial Housekeeping
It is a natural tendency to default to a comfort zone or follow the path of least resistance. This is the main reason narrows is the road to the fulfillment of dreams, and the few that follow it, the minority that controls the majority of the abundance of the earth. Remaining disciplined is not a…
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Financial Housekeeping
As a fan of Clean House on the Style Network, I enjoy seeing a house taken over by clutter being straightened out through a ruthless de-cluttering exercise. I know it is not easy on the owners of the clutter. Some had their prized clutter pried off their grip, kicking and screaming. Although clutter was literally…
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Turning Cash to Thrash 2 – Why Are We So Hostile to Cash?
Normal spending habits of everyday people look pretty abnormal when you look at it from the perspective of wealth accumulation. From the standpoint of the rich, it looks very abnormal for a sane individual to wake up one morning, go to his bank or an ATM machine, withdraw money from his savings, and go give…
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Who Took My Money?
If you are a salary earner or contractor, have you ever wondered where all the money you have earned all these, years, say the past ten years went? Coming closer home, have you ever wondered where the salary you just collected a few days ago disappeared to? You are not alone. People say money has…
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Spending to Impress – My Vacation is More Expensive Than Yours
Vacation is a time set aside for rest and recreation, a time to relax and relieve stress. For most middle-class Nigerians, it is a time to travel abroad. Shop till you drop and return home with excess luggage, more tired than when they set out. The “big boys” travel to the US, UK, Europe, etc…