Failing to plan is planning to fail Allen Lakein What is the meaning of investment planning? You have identified your financial goals, which can be short term, intermediate or long depending on what it is; say you want to buy a house in five years time. To do this you come up with a plan. […]
So you have already identified a business idea to take on as your side hustle, you have also identified a market for your business, a location, you have the time, you have the skills and you have also set specific goals in mind but then you have no cash to start off. That’s like having […]
The first time I learnt about something called an emergency fund was when my brother broke his wrist. It was on a Saturday at around 9 O’clock just in time for the evening news, my dad’s phone rang. So he picked the phone and excused himself. He took long before coming back. It was after […]
We are human beings with forever growing needs. Growing needs mean people have to have more money in their pockets, money which you cannot get from your primary job alone. People are therefore forced to turn on their creativity to make some extra cash during their free time. That is side hustling. We all agree […]
Now that I’m old enough I can ask such questions. Does school really offer much? Hey! we are all after money and that’s why we are in school. Actually the basic reason why we go to school is to get money once we are done with schooling. Money which will come through employment . If […]
Investment is risk taking and that is why most people fear investing because they can’t just get over the fear. The thought that in case something goes wrong and they lose their money say their life savings is unbearable. This situation then raises the question; When is it okay for someone to take a risk? […]
To get rid of debts fast you are going to need five things; Sacrifice Organization Hardwork Accountability Discipline If you are not ready to develop the above qualities if you don’t have them already then you are at the wrong place and you should forget about ever getting out of your debts situation fast because […]
An asset is basically any item with economic value that can be converted into cash. Assets are just resources and they can act as a storage of your wealth, reduce your future expenses or act as a source of income. Assets may range from cars, land, stocks, savings to homes. The three MAIN reasons why […]
We say you have a budget deficit if your income is less than your expenses while we say you have a budget surplus if your income is more than your expenses. Now if you are not sure on whether you have a budget deficit or a budget surplus I’ll advice you to sit down and […]
One of the most important financial figures that you should know and always monitor is your net worth. Because a higher net worth means you are getting closer to achieving financial freedom which is one of the greatest heights one can go in matters finance. Everybody wants to achieve financial freedom. Your net worth is […]
