Personal Finance

While managing your personal finance can be a challenge, managing as a couple presents an even bigger problem. Managing finances within a relationship is a crucial aspect of building a strong partnership. It involves open communication, shared financial goals, and a clear plan for handling money matters together.  Here are some key principles and strategies for effective relationship and financial management. Open Communication Communication is the foundation of successful financial management in a relationship. A good place to start is disclosure. A couple should be willing to disclose their income and the source(s) to each other.  You will be surprised to know that this information is not readily available in some relationships. Or maybe you're not. While in some climes, couples are quite open about their finances, in others, this is not the case because of culture. Disclosure is not really important. Individuals work with optics and build data in their minds. Also, non-disc...

Hi guys. Welcome back. Today we'll talk about paying off our debts. Debts weigh us down so much sometimes it's difficult to sleep. If you're an everyday person like me, the temptation to borrow to augment your income will be ever-present. For instance, my car is currently down and I can't afford the cost of repairs. So, the car is in the workshop. To raise money for the bill, I will have to literally win a jackpot or do some real financial rearrangement. In the meantime, I'm at the mercy of the public transportation system in my country which is a real challenge. Our public transport system is essentially in the hands of the private sector. Within that space, anything goes. If we focus specifically on Lagos, the transportation system is a wonder.  Inadequate social services and an uncontrolled rural-urban migration has created a system unable to cope with daily transportation needs. So, the private sector is the big player here. Due to the lack of regulation, no mea...

  Tyre Nichols The timeline of Tyre Nichols' death, from the time he was stopped by Memphis police officers to their being charged with his murder. Jan. 7, 2023: Tyre was pulled over by police Tyre Nichols was pulled over by police for alleged reckless driving. His mother, Rowvaughn Wells, indicated Tyre was only 2 minutes away from his home at the time of this occurrence. RowVaughn Wells, mother of Tyre Nichols, and his stepfather Rodney Wells According to officials, Memphis officers approached Nichols, but he ran away. The body camera footage of the incident has been viewed by the family and attorneys for Nichols' family said footage shows that Nichols did not originally run when being approached by officers. According to them, Nichols told police that "he was just trying to get home" from FedEx, where he worked, and called out for his mother three times toward the end of the video. The body camera footage is yet to be released to the public. Officers admitted that ...

Experts tell us we need multiple streams of income. 💰💵💷 So true in today's world. With the high cost of living, high interest rates which continuously erode income, difficult business terrain and job loss, absolute non-existent social safety nets in some climes, unrest and violence, the need has never been so pressing.   A few opportunities are out there but what are they? So many things are already competing for our attention particularly if you do a regular 8 to 5, have a family, etc? If you don't, how does anyone identify the option to go with?🤷🤔 I've asked similar questions and w hile looking for other means of legitimately earning additional income, I stumbled on a cloud mining app - StormGain. I’ve tried to understand cryptocurrency. Difficult. 😬 My first interaction with one was through mining an upcoming crypto. Which was why StormGain caught my attention. Millions of us are currently mining and hopefully one day, will be able to use those coins. Maybe we’ll e...

A New Beginning   Looking back, coming into 2021 was like, "Thank God we made it"! 🙌🙌COVID- 19 turned the world upside down. We just wanted to be alive. Resolutions? I want to live! 2020.😕 Hmmmm. Why was it so significant? At first, it felt like a new beginning. Or a key turning point. Until COVID... A lot of us felt stripped in 2020...     Worked from home     We lost l oved ones     P orts shut down     Factories shut down     Businesses shut down     Jo bs lost, incomes lost      Whole countries went on lockdown -  some twice, even thrice      Riots broke out as people ran out of money and out of food    Warehouses, shops, homes were looted    People struggled     Governments struggled New expressions entered our lexicon - mask up, social distance, new normal. No more handshakes, no more hugs, no more sitting close together. No more visits. Public ...