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.
I seriously hope and believe that you will experience the same epiphany as you read and assimilate the contents of this Manual - which is a compilation of the first two versions of the FINTEL FRANK TALK events.
Find it out from the book, "HOW TO SAVE LIKE A PRO: 30 Radical Money Saving Hacks That Can Help You Hit Your Financial Goals" by Obot Essiet Jr., the Financial Intelligence (FINTEL) Coach.
Good Debt is the type that allows you to accumulate assets that will increase in value either by capital gains it by generating CashFlow. You can use the income derived from the asset to repay the debt.
Liabilities on the other hand, are the obligations and debts a company or an individual owes and have to be settled either in the short term or long term. A liability is usually money owed by a business for the purchase of an asset.