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 […]
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 […]
Do you hope you to achieve financial freedom sometime in the future? Well if your answer is yes then the first thing to do is to look for ways through which you can increase your net worth Your net worth is just the total of all your assets; cash, house, investment minus all your liabilities […]
Financial security does not come from the amount of money you currently have, it comes from the ability to get more of it whenever you want. Michael Neill Financial security is having enough money saved to cover for all your future financial goals and also any emergencies that may arise. We say you have financial […]
Businesses need measures to protect their assets, customers, employees and even infrastructure in the case of an emergency. Emergencies can come in form of fire, floods, disease, tornados, terrorism and all the other bad things that can affect a business negatively. An example of an emergency is the ongoing coronavirus pandemic that is just but […]
Since the start of this pandemic period the lives of different people all over the world have been affected whether greatly or just a little. A good number of people have lost their jobs, some staff have been furloughed, some people have also seen a reduction in their salaries as their employers are also trying […]
Global Financial Mentor