WHAT DOES A PROSPEROUS LIFE ENTAIL? As we usher in a new year, we wish each other a happy and prosperous new year. I believe the year 2020 was no different. How prosperous has the year been so far? As the world fights an invisible enemy, the resulting disruption to life and an imminent global …
WHAT DOES A PROSPEROUS LIFE ENTAIL? As we usher in a new year, we wish each other a happy and prosperous new year. I believe the year 2020 was no different. How prosperous has the year been so far? As the world fights an invisible enemy, the resulting disruption to life and an imminent global …
The principle of spending less than you earn resonates with many people. The challenge usually is applying it to personal finances. People cite varied challenges such as lack of a clarity in developing a financial plan, lack of confidence, high amounts of debt, low incomes, peer pressure and lack of patience. Borrowing from the example …
In our previous article, we established that the Financial Planning Framework is the context in which you allocate God-given financial resources to meet personal needs, obligations arising out of your God-given roles and to enable you to accomplish God’s calling on your life. To accomplish this, you need a process that is objective, provides structure …
In the last couple of weeks, we have heard of several companies give notice of their intention to layoff employees citing difficult economic conditions arising out the covid-19 pandemic. Nonetheless, this trend has been in place for several years. In the last three years, all manner of organizations from tier one banks, blue chip companies, …
While the need to build their financial capital might be obvious to all from an early age
PRINCIPLE OF GIVING Sharing your financial resources is a critical aspect of managing your finances as it helps you put things in right perspective. As you apply the principles, your financial position will improve, you will weather the financial storms with ease and you are likely to create a surplus. At this point, you might …
CAUSES AND CHALLENGES WITH DEBT IN PERSONAL FINANCES In times of economic uncertainty, we mainly focus on meeting our family’s immediate needs. If in debt, we hope to meet our obligations to lenders and even if we run into challenges with repayments and negotiate new agreements, the mental burden remains. Hence, debt elimination is a …
While everyone might have concerns about financial implications of this pandemic, if in debt, you have a lot more to be concerned about. Debt creates a mental burden especially when there is no clear way of paying it off. Unfortunately, this pandemic will result to unwanted transitions for many as well as challenges with debt …
Management of COVID-19 has required that we stay at home to create the necessary physical distance and reduce opportunities for infection. This has reduced business activities to bare minimum while many have closed all together. Our economy was already struggling with many job losses not only in SME sector but also among blue chip companies. …
