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Money Matters

Understanding What Insurance Assignment Is All About

The term Insurance Assignment refers to the transfer of ownership from the Policy Owner (Assignor) to another person (or institution aka Assignee). The Assignee will now have control of the insurance policy and act as the Policy Owner. There is no change to the life assured in the policy, and the policy will remain unaltered. There are two types of ... Read More »

5 Ways To Spring-Clean Your Finances

You’ve probably heard of spring-cleaning your home, but in addition to decluttering your garage, clearing out your basement, and tackling that porch repair you’ve been putting off all winter, it pays to spend a little time tidying up your financial life as well. Here are a few ways to get your money-related affairs in order. 1. Review your budget Following ... Read More »

Don’t Let Taxes Kill Your New Business

It is an exciting time when you start your new business. You have so many things to think of that you may forget one of the most important aspects — taxes. Before you dive into the business world, take a few minutes to consider the tax aspects of your new business. Your tax obligations are strongly affected by the type of business ... Read More »

Start Small: 6 Easy Tricks To Save Money

You’ve definitely heard and read stories of how people saved money and become successful financially. They got there in various ways – buying unit trusts and making other forms of investments. But they didn’t get there without doing the smaller things too. Did you know you could do the same with a few lesser-known habits? Here are some not-so-obvious tricks ... Read More »

6 Steps To Avoid Broker Imposter Scams

FINRA recently issued an investor alert on fraudsters impersonating FINRA executives, offering bogus investment “guarantees” to investors as part of an advance-fee scam. But regulators are not the only ones who need to worry about someone trying to steal their good name. We are aware of a recent scheme that involved an unregistered individual impersonating a registered investment professional to lure in potential investors. ... Read More »

The Joy Of Owning A Business Enterprise (1)

The Joy Of Owning A Business Enterprise (1) By SMART OYEJIDE The Joy of Having a Business in Life cannot be measured. One of the most crucial things a person must own so as to survive economically is a small business or an enterprise. (Life appears better and more enjoyable when you establish a Company of your own and operate it successfully). I ... Read More »

9 Steps Towards Financial Freedom

These are the four rules of thumb that can help you understand your financial standing better. Savings and investment You need to save or invest at least 20% of your income. If you are an employee and your EPF contributions are 23% or more, you should aim to save another 20% of your income to achieve a savings or investment ... Read More »

Flee Poverty!

FLEE POVERTY! By LANRE OYETADE Poverty has rightly been described by some as more than a curse. Such people regard it as something of a sin! In international finance circles, a person is regarded as being poor if he/she lives on less than one US dollar (now about N350) per day. So what are the things that may bring about ... Read More »

Top Ten Financial Tips

Although making resolutions to improve your financial situation is a good thing to do at any time of year, many people find it easier at the beginning of a new year. Regardless of when you begin, the basics remain the same. Here are my top ten keys to getting ahead financially. 1. Get Paid What You’re Worth and Spend Less ... Read More »

6 Ways To Talk To Your Kids About Money

Talking to your kids about money may be difficult, but it will pay off in the long run. Here’s how to get started. We nudge our kids to do their homework, cajole them into making their beds and teach them to be problem solvers. But there’s one major issue many parents fail to communicate effectively with their children about: money. ... Read More »