money

Inflation and your Money: Positive Effects of Inflation

From the last series, you now know how high inflation creates uncertainty and can wipe away the value of money savings. But I also mentioned that while inflation is a curse for some people, it is a blessing to others. In fact, there are some, who believe that the primary function of inflation is to

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Inflation and your Money: Negative Effects of Inflation

Two days ago, we had considered the definition of Inflation, its causes and how it is measured. Today, we are going to focus on the Negative Effects of Inflation. Inflation affects different people in different ways, with some benefiting from its effects at the expense of some who lose out. The inflation rate also offers

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Inflation and Your Money: Definition of Inflation

There are several inflation related questions we ask ourselves every day. “Last year, I bought this same Beverage – Milo – for N800, now it’s N1,200, what is happening to money?” “Why does the price of things keep going up on a daily basis?” “Who is controlling these prices?” These are questions we ask ourselves

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We Are All Motivated By Greed – Own It!

Greed is an inordinate or insatiable longing for unneeded excess, especially for excess wealth, status, power, or food. It is an inordinate desire to acquire or possess more than one needs. (Wikipedia) From a moral standpoint, the word “greed” is usually the subject of reprove and is considered a sin. Jesus warned his followers to “take heed, and beware of

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