₦airaland Forum

fergie001:
Magajin Garin Daura, Alhaji Musa Umar Uba who regained freedom on Tuesday after two months in kidnappers den, has arrived Abuja.

Daily Trust online gathered that the monarch landed via a private jet around 1:30pm at the Nnamdi Azikiwe International Airport, Abuja.

On ground to receive the traditional ruler, was the president’s ADC, Colonel Muhammed Lawal Abubakar, who is his son in-law.

Wearing a white kaftan, the traditional ruler was seen in company of some of his children and an Assistant Commissioner of Police, Abba Kyari.

However, our correspondent could not establish whether he would be taken to the presidential villa, Abuja or a private residence.

https://www.dailytrust.com.ng/magajin-garin-daura-arrives-abuja-received-by-buharis-adc-video.html

lalasticlala

Oga Aba is a DCP and not ACP... abeg edit your post

Financesiq.com


Thank you

I’m with India

Impressive. What’s her name ?

The practice and habit of understanding the FINANCIAL MARKET can never be overemphasized because whenever we invest our hard-earned money, we want to generate high returns while enduring little or no risk.

Risk and reward go hand-in-hand with investing in financial markets, Higher risk is associated with greater probability of higher return and lower risk with a greater probability of smaller return.

Usually, Older people or people with little or no basic knowledge or understanding of the financial or money market are advised to stick to safe investments like:

Fixed Deposit

FD is an investment product in which money is deposited for a stated period of time and fixed interest is paid at the end of that period.

With a fixed deposit, one of the most unusual characteristics is that funds cannot be withdrawn for a fixed period of time ( recently, banks are now allowing premature withdrawals, but with the option of loosing part of your accrued interest.

Fixed deposit term can vary anywhere from one month to five years.

When you invest in a fixed deposit investment, you are usually presented with different “tenure” or term options e.g. one month, three months, six months, one year etc. each tenure” or term comes with a predetermined interest rate.

Be aware that each bank or financial institutions fixes its own deposit rates, so I would advise you try a few places before committing to any institutions plan.

The awesome thing about FD is that fluctuation in the prevailing interest rate would not affect the rate you were given at your investment tenure start date.

Mutual fund

Mutual fund is a type of financial vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund’s assets and attempt to produce capital gains and/or income for the fund’s investors. A mutual fund’s portfolio is structured and maintained to match the investment objectives stated in its prospectus

Mutual funds give small or individual investors access to professionally managed portfolios of equities, bonds and other securities. Each shareholder, therefore, participates proportionally in the gains or losses of the fund.

Treasury Bills

Treasury bills, or T-bills, are short-term government debt with the security of guaranteed payments through the Central Bank to provide short term funding for the government.

When you invest in T-bills, you are lending your money to the Government in exchange for interest payments. The tenure are typically 91, 182 and 364 days

The interest element of a treasury bill is paid to you upfront and credited to your bank account. For example, if you purchase a ₦100,000 TB with an interest rate of 10% and your account is debited with ₦90,000 as such your ₦10,000 interest is paid up front. Upon maturity, you are paid the face value ₦100,000.



Committing yourself to an investment strategy is like buying a new car, you have to figure out what style suits you before checking out the different models.



https://financesiq.com/2019/04/13/investment-money-market-finance/






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Not bad .


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A 2009 study revealed that Money Can increase your Happiness – if it’s spent in a way that jibes with your personality and creating a good spending plan can help make a fabulous difference in your financial life. Overcoming spending addiction is definitely an act that requires mastering.

Have you wondered that whenever you have an extra amount on a huge sum, you would want to go on a spending spree till it gets to a whole number. For instance, wanting to spend the 25k from your earned 125k, thinking you would stop when it gets to 100k but end up spending the whole money till it’s totally finished!!

I once received a sum of 355000 from work. I wasn’t expecting the money when it came, so I didn’t bother to save or make any spending plan .



Benjamin Franklin once said, “If you fail to plan, you are planning to fail.”


The jackpot spirit in me took charge and i sliced into the money like a well grilled juicy steak being dissected by a sharp edged table knife. This habit made be stop to wonder what i would have done if i had won the powerball Jackpot.

I took 55000 and went on a spending spree for things I couldn’t account for. I said to myself “oh I still have 300000” and this was what I kept telling myself till the last cent. You can imagine making a decision you considered the best for the moment ; only to later discover that it wasn’t the best financial decision .

I have come across people from different works of life that practices the same pattern of spending , So I thought I’d share tips on how to curb this attitude and improve your attitude towards money by imbibing financial literacy.

Change your attitude towards money

Have you ever wondered why poor people usually remain poor, while the rich always get richer? There’s a simple explanation and it’s directly related to their attitude towards money.

A lot of people believe that you have to spend money to make money, but the true question is how do you spend money!



Plan for every money

This part takes me aback to Benjamin Franklin’s quote about planning. A spending plan is simply your budget that helps you grow, save money, get out of debt, pay your bills and still allows you the freedom to spend money on reasonable things that you value.


Be financially disciplined

Financial discipline refers to how well you are able to conform your spending and saving to the plans that you have set to achieve. If you don’t have a financial plan in place, it’s really hard to be disciplined about how you spend your money because you haven’t created any guidelines for yourself to follow. The primary reason for financial problems in life is lack of self discipline, self mastery, and self control.

Keep your financial plans on track by setting a money objective, using automation and giving yourself a savings challenge.

Financial Literacy

You must be able to differentiate between an asset and liability, cash and profit, good debt and bad debt, etc. and you should make properly researched investment decisions and not depend on others. You can read financial literacy books and also take free online courses on financial literacy.

The lack of financial literacy may lead to you into making poor financial choices that can have negative consequences on your financial well-being.













Remember ; financial intelligence is the gateway to riches






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They must hAve been warned several times

The leaders are the first problem in africa

Ok

This isn’t worthy of front page

WWW.FINANCESIQ.COM



I received a question from one of my amazing readers on How to save money with tight budget and below is my response to the question:



WWW.FINANCESIQ.COM



Dear Reader.

Thank you for your mail. regardless of your current financial status. you do not require an increase in your finance to save effectively.

A while back i had thesame challenge, I spoke to a lot of people but non gave me a realistic approach to tackle my savings challenge.

However, I'll share with you some steps I took during my challenge:



IDENTIFY THE CHALLENGE

I experienced the first stage of my breakthrough when I came across an app called “Spending” it’s a money tracking app and it gives you the option of adding any bill that is not already listed in the app.

I added bills as small as bank charges. I did it RELIGIOUSLY for 30 days, and this was when I Identified the main reason why I was finding it so hard to save. Most of my little funds were going to eating out, drinking out with the boys daily, buying gift for girls, always buying anything that I can afford and the ones that I couldn’t. I was basically not cutting my coat according to my size.




WWW.FINANCESIQ.COM


LIST POSSIBLE SOLUTIONS

I didn’t realize that I was spending excessively until the app exposed this. It was very easy for me to come up with solutions on how to curb my excess spending afterwards. I was able to write out plans to reduce eating out, reduce bank charges by visiting only my bank branch whenever I needed to do atm transactions, buying what I need and not what I want, And the last which seems very funny was that I stopped giving money unnecessarily.



EVALUATE YOUR OPTIONS

I believe you too can try the above steps, and find the solutions to saving your finances. Remember that if you are able to follow through, this will afford you the opportunity to start putting your excess spending towards savings.

I also will like to add that no amount is too small to save. I hope that I’ve been able to Answer most part of your question.







Thank you






WWW.FINANCESIQ.COM

I hope he stays true to his word

W W W . F I N A N C E S I Q . C O M

This shouldn’t have made the news at all

The invasion was so uncalled for

The Boeing 737 plane was on regular scheduled flight to Nairobi, Kenya when it crashed, prime minister's office says.









https://www.aljazeera.com/news/2019/03/ethiopian-airlines-flight-nairobi-crashes-deaths-reported-190310082515738.html

Mmm

Serves him right

Nice piece

Nurudeen2:
Yes my sister, is probably because there is more money to loot in Rivers state.

I agree with you. The people there are not smiling at all

The election in rivers seems to be the most brutal

This is so irrelevant.

The government can equip all the hospitals, train and keep retraining all Nigerian medical practitioners...










Kindly check my signature below

Again?




Kindly check my signature below

The winner will be between APC and AA.

Kindly check my signature below

RIP




Want to learn more about SAVINGS AND INVESTMENT? Check my signature

Noise noise noise.






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Do not follow the crowd. The most common mistake in the investment world is following what everyone is doing. Whenever people hear investment stories, they allow excitement to take over their sense of reasoning and judgement and it usually takes a long time to realise that they were overpaying for opportunities. if you hear about a hot new investment, the chances are the value has dropped.

Avoiding loss: Affluent investors are not averse to risks; they are averse to losses. The way a decision is framed affects the outcome. To decide on a risky investment, you have to think in terms of personal outcome. There are investment decisions that if you are right, you will make a handsome profit; if you are wrong, you will have to work more years until retirement. Now, do you want to make the investment? always go with a safe investment option and do not listen to people saying you have to loose to gain. What is important is how much risk you need to take rather than how much risk you want to take.

Overconfidence: Most affluent investors tend to ‘over-rely’ on their own judgment. Even when they work with a financial advisor, they expect the expert to produce higher-than-market returns. Good investors should look for long-term, consistent returns.

It is advisable to always take your time before you commit to an investment plan. do your research too, and always stay within a realistic expectation. Investments that promises thousands of return within a short time is a red flag

Remember ; financial intelligence is the gateway to riches



Learn how to save money with a very tight budget:

https://financesiq.com/2019/03/05/money-challenge-how-to-save-with-tight-budget/

Xisnin:
I wanted to leave a review but since you insulted this part of the world when every informed person
knows that fake news dominates everywhere, I have changed my mind.

Lol but we both know it’s the truth na and my comment is based on the fact that we are both Nigerians.. news will be published only for the information to be dispelled afterwards.

The true story of this incident will be published soon.

I don’t believe the above write up.



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