Introduction Imagine if a friend walks up to you and tells you about this sweet investment. It has a high return rate. He gives you little or no details about what kind of venture you are putting your money in to. All you have to do is give up a few thousands of Naira. Wait for a given … [Read more...] about How Ponzi Schemes Work And Why You Should Be Careful
Personal Finance
Your Ultimate Guide on Nigerian Treasury Bills
What are Treasury Bills (T-Bills)? Treasury Bills (T-Bills) are short-term financial instruments that are issued by the Central Bank of Nigeria with maturity periods ranging from 3 months to one year. They are debt instruments that are fully backed by the government and considered very safe … [Read more...] about Your Ultimate Guide on Nigerian Treasury Bills
All You Need to Know About Investing in Bitcoin
Introduction Bitcoin is a form of digital “currency” and the first example of a cryptocurrency. It is purely a computer-based means of exchange that cannot be held or kept in a wallet like regular banknotes. What’s also interesting about Bitcoin is that; it does not flow through the traditional … [Read more...] about All You Need to Know About Investing in Bitcoin
Investment Opportunities in Nigeria with The Highest Returns
Caught in between the web of ascertaining where to invest your money? The time to invest is now. With a variety of investment opportunities in Nigeria, you are just one step from growing more wealth. What are some investment opportunities to look out for in Nigeria? Do check them out below: List … [Read more...] about Investment Opportunities in Nigeria with The Highest Returns
Short-Term Investments or Long-Term Investments?
Introduction When we make reference to investment plans; there are usually two prime options available: Investing in the short term or in the long term. When we, however, take a glance from a professional lens, there’s only one option available. If it comes down to full-fledged investment, some … [Read more...] about Short-Term Investments or Long-Term Investments?
5 Reasons You Need To Invest
Introduction Wealth building is an integral aspect of financial freedom. While this is not solely achieved overnight, conscious attempts can be implemented at its feasibility. One of these attempts is tilted towards investing. Should you invest at all? Is it worth the risk? Have you started … [Read more...] about 5 Reasons You Need To Invest
Similarities Between Savings and Investment
There are differences between savings and investments, as well as similarities. Although one would expect that the discrepancies between savings and investments outweigh their relationships. A shared trait between saving and investing is the importance they play in our lives. We shall spend the … [Read more...] about Similarities Between Savings and Investment
The Differences Between Savings and Investment
Preamble: “Saving” and “Investing” are familiar expressions employed in the finance industry. They are, however, sometimes used interchangeably. When it comes right down to it, we should be engaged in both to secure our financial future. In the business of building wealth, identifying the … [Read more...] about The Differences Between Savings and Investment
Some Common Types of Investments You Need to Know
Learning the basics of investing is synonymous with learning a new language; it is pretty easy to get lost or feel overwhelmed. In the investment types we discuss below, we wield them as tools that can help you achieve your financial goals. Each broad investment type—from stocks to property—has its … [Read more...] about Some Common Types of Investments You Need to Know
The Different Types of Investors: What Kind Are You?
Sometime ago; in the early 1930s, a 7-year-old worked in his family’s grocery store. He always purchased six packs of Coca Cola from the store for 25 cents, and would resell them for a nickel – pocketing five cents. At age 11, he took odd jobs; from washing cars to waking up at 4:30am; selling … [Read more...] about The Different Types of Investors: What Kind Are You?