A poor man is always afraid to invest A rich man sees every opportunity as an avenue to succeed. A poor man is too wise and too difficult to convince, yet he has no achievement. A rich man sees every opportunity as a risk and does not wait for evidence before he can invest. A …
Never give yourself a Plan B, because if you have no back up, there is no possible way you can fail. – Ed Sheeran I came across the above quote some days ago on WhatsApp and it got me thinking. Is the quote absolutely true or false?Do you really need a Plan B? Does having …
How the Concept of Alternative Plans Relates to Your Finances Read More »
What is Allawee? “Allawee” is the common word used to refer to the monthly allowance that is given to National Youth Service Corp members (Corpers) serving their fatherland in Nigeria. NYSC is a scheme established on 22nd May 1973 by the Nigerian government to involve Nigerian graduates in nation building and the development of the …
If you are like many people eager to multiply their money, you have probably at some point been confused about the concepts of gambling and investing your money. I have been there too. Some years ago when I was living in the hostel at University of Uyo, I can remember vividly how some of my …
Finding Healing After a Lost Loan
Losing a loan to a defaulting debtor is the nightmare for every lender, especially when the lent amount is something the lender cannot afford to lose.
However, despite following all the money lending tips outlined in the previous episodes of this series, there is still the possibility of losing money.
In such cases, how do you find the healing you need to get over your loss?
How to Hold Your Debtor Accountable
The moment you lend out your money to someone, that person becomes your debtor and is liable to repay the money according to agreement.
Where the debtor fails to honor the agreement as when due, it is usually an awkward situation for both parties…
Questions to Ask Before Lending Your Hard-earned Money… To achieve this, there are certain questions you must ask and obtain answers to before going ahead to open your wallet.
When Not To Lend Money…. A loan is just that – a single shot of money intended to help them right their ship again. Don’t become the go-to lender in your circle of family and friends. You should never be in a state of constant lending.
Why People Lend Money
In the first episode of this FINTEL series on how not to lose your money as a lender, I gave a comprehensive definition of money lending as it pertains to personal finance. Today, we want to look at the reasons behind money lending.
Putting Money Lending in Perspective
Lending means to grant to someone the temporary use of something on the understanding or condition that it, or the equivalent, will be returned.
