Stop Living Within Your Means
In this article, we are going to examine why the “live within your means” mantra is now outdated advice that should be tossed in the trash can.
financial Intelligence
Is it True that Nigerians Lack Financial Integrity? – The Ultimate Solution
Earlier today, I got a WhatsApp message from a friend of mine and a long time FINTELite, asking me a deep question that has to do with changing the narrative that Nigerians lack financial integrity. By way of definition, financial integrity means making sure a financial report is correct, consistent, complete, accurate and other such …
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Letters to Allawee
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 …
Investing vs. Gambling: What is the Difference?
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 …
How Not to be a Losing Lender 6.0
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 Not To Be a Losing Lender 5.0
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…
How Not To Be A Losing Lender 4.0
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.
How Not To Be a Losing Lender 3.0
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.
How Not To Be a Losing Lender 2.0
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.
How Not To Be A Losing Lender 1.0
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.