Tag: investing
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Put your financial independence plan on auto pilot
You will not get sustainable results until you take consistent action. It is very easy to give up when we don’t seem to get results. It takes a while for the results we desire to show up, including building a robust stream of passive income apart from the wages from our day job. You need…
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Achieving Financial Independence: the power of Momentum
Habits are such a powerful force. According to a quote by John Dryden – “We first make our habits, and then our habits make us.” Your habits can predict where you will end up if you keep going the way you are going. This holds true in every area of life, every goal we set…
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Acquire Assets First, Before Liabilities
If you want to stay on top in the game of money, you need to acquire assets first before liabilities. Assets put money in your pocket while liabilities take money away from your pocket. You want to go for what puts money in your pocket first before going for what takes money away from your…
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Investing in Your Financial Education 2
Investing is not rocket science. Like any field, it takes diligence in study and practice to become good at it. It is unwise for simply enter a vehicle and hit the highway without knowing how to drive, owning a driver’s license and owning the appropriate insurance. It you attempt it, you are an accident waiting…
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Invest in Your Financial Education
Financial illiteracy is the root of financial struggles. Investing itself is not where the main risk lies. The biggest risk when it comes to investing is when the investor does not know what he is doing. Let’s pause and ponder for a moment. You really don’t know what you are doing. You don’t know how…
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You Are Self Employed
It may come as a surprise to many that we are all self employed. Very few people realize this until after retirement, when they scramble to get their act together and learn new tricks in old age, or after a job loss. For many, the outcome is catastrophic financially – the retiree and his gratuity…
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Money is A Mind Game
How you handle money, not how much money you have determines your financial situation. If you spend everything that comes in, no matter the increase, you will always end up with nothing. There are three sets of people when it comes to spending your income a) Those who spend less than they earn. These are…
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From University Dropout to ICT Millionaire
By DAYO OKETOLA Wande Adalemo dropped out of Olabisi Onabanjo University to actualize his dream of building an Internet service company, which is now worth N1bn. He tells DAYO OKETOLA how it all started and what other young Nigerian entrepreneurs can learn from his journey. The Co-Founder and Chief Operating Officer, Oxygen Broadband Networks, Nigeria’s…
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Till Debt Do Us Part
Apart from infidelity, financial stress is the single most deadly wrecker of marriages. Financial difficulty is the underlying reason for most marital squabbles. The love of money may be the root of all evil, but the lack of money is the root of bitterness. Money is the lubricant of love. Like it or dislike it,…
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To Save and to Keep
Spending less than you earn is common sense. An average employee or income earner knows this deep down. Spending less than one earns is one of the usual suspects in many a failed New Year Resolution. We routinely give in to aimless spending in the holiday season, pay the price in the New Year as…