Tag: financial security
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The Myth about Lack of Start-up Capital – 2
Now let’s assume someone could not get his or her act together while in the University and all opportunities to accumulate seed capital no matter how minute has been frittered away. What about the National Youth Service Corps (NYSC)? All youth Corpers have two sources of income during the service year – from their employers…
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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, or else you will misappropriate your savings and end up broke all the same. So the big…
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In Sickness and in Redundancy
Starting and sustaining a savings habit is crucial to achieving a solid financial foundation. Running your finances without a strong financial foundation (financial security) is like building on quicksand. Most salaried employees make the mistake of assuming their salary is their financial security. Come rain or shine, if their salary is regular, they will do…
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Financial Freedom For Employees: Between the Devil and a Hard Place
This is not the best of times for employees worldwide. Folks are losing jobs in record numbers and unemployment figures are climbing to all-time highs. Back here in Nigeria, Access Bank is in the news for throwing 1,500 Intercontinental Bank staff into the job market as a result of the successful acquisition of the bank…
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How to Build A Solid Financial Foundation
Building (or rebuilding) your finances is a lot like building a house. You need to have a plan. You need to build according to your plan. This may sound like common sense but you will be amazed how easily we get carried away when money enters our hands. Many people have no plan, while a…