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Investment 101

Personal Finance with Raphael- Amaka wants more…

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Mr. and Mrs. Ojekwe taught their Children early in life to save money with the use of a piggy bank. Their second child, Amaka, who is now a 29-Year-old Banker, took to this habit and has now turned into a prudent saver. Amaka saves a certain percentage of her earnings in a traditional savings account monthly. At the beginning of every year, she always has a mental idea of what she wants to achieve with her hard-earned money and spends the savings meeting her financial goals as it crosses her mind in no order of priority. Now she’s bugged down…

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Personal Finance with Raphael: Dele’s dilemma

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Dele’s dilemma Dele was one of the lucky few who got what could be termed a good job not long after NYSC. Initially, he felt well remunerated as his income could easily cater to his needs. Barely a year after he got married, he began to notice a strain on his finances. His financial goals were increasing, life was getting more demanding and his income was no longer adequate.   At first, he focused on getting a promotion at work in the hope that a bigger salary will fill the gap. But even after the promotion came, it seemed like his…

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How We should think about money- Busting Money Myths (2)

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In the previous edition, we discussed popular money myths that have governed our financial philosophy and hampered our desire for financial freedom. It is important to realise that money is basically a tool and the results it yields depend largely on how we use it.  Financial decisions, little or great, must be well informed and thought-out, factoring the future, near and far. By taking control of your finances, you can work towards financial freedom, regardless of your background or status. The following are critical factors to consider in shaping our philosophy about money and positioning ourselves for financial growth. How…

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4 reasons to get life insurance

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The topic of getting life insurance is one you may not want to talk about. But because it is important that you ensure the financial security of people that depend on you, it is worth dealing with. First, let us break down why you need one. If you’re a breadwinner, you need a life insurance Let’s be real, if you are the main financial backbone in your family and anything happens to you, your partner, children and anybody else that depends on you, will probably suffer financially. This is one of the major reasons people get life cover; to ensure…

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How we think about money- Busting Money Myths (1)

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Money is one of the few things everyone never stops thinking about. We are either thinking of how we need it, how to get it or what to do with it. Our world view, orientation to life and many other factors contribute largely to our perception of money. It begins with watching our parents handle their finances to the books we read and the experiences that shape our life. Largely, many of us have come to believe popular money myths and have taken financial decisions based them. Which of these myths do you agree with? –          If you earn more…

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Ten points to note before investing in stocks

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Stockbroking can be a profitable investment avenue largely misunderstood by many.  With the digital age and ease of online investing, questions abound about how it works, who should invest in stocks, what kind of stocks to buy, when to sell and whether it should be considered for short or long term investing. To answer some of these questions and shed more light on the science of trading in stocks, let us consider nine points everyone should note before investing in the Stock Market. You are buying more than just shares, you are buying into a company Buying a stock makes…

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Neymar and Mbappe’s club transfer millions

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Neymar and Mbappe’s club transfer millions The 25-year-old FC Barcelona star player Neymar da Silva Santos Júnior, is in the football club transfer news for all the juicy reasons. Paris Saint-Germain have paid the £199million buy-out clause in his contract with Barcelona and take him to Ligue 1 for the 2017/18 season. This transfer is already sealed, making it the highest football club payment ever to be made for a player. Riding alongside this financially monstrous deal, is the rumoured buy-out of Monaco teenage ‘wonderboy’ Kylian Mbappe by Real Madrid for a staggering £160 million club transfer. The news broadcast is buzzing with…

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Steer Clear of Bad Debts …live within your means

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Steer Clear of Bad Debts …live within your means Nobody wants to deal with bad debts, but unfortunately, it is a very common phenomenon. You’d be surprised to find out how many people you know struggle to manage their bad debts but with a change in attitude and the right strategies in place, a debt-free lifestyle is achievable. Make up your mind to stay out of debt: Many people fall into debt because they spend above and beyond their means, living from salary to salary with barely enough to pay the bills. They can’t afford to pay for hang outs…

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