The need to infuse or establish a corporate culture can not be overemphasized. In starting out a business, most Entrepreneurs and founders tend to ignore this major element of business…
As a result of my work as a business coach, trainer & consultant to several startups, businesses and entrepreneurs, I have recognized a particular pattern that runs similarly in all…
The 'money-value of value' is directly proportional to the quality of the 'time-value of value.' - FINTEL Coach The above is a theory I came came up with a few…
As a result of this bitter experience, I would advocate that young people should boldly take up entrepreneurship very seriously and endeavour to work for themselves after graduating from the university.
You must learn to balance these three aspects of your emotion for you to have a smooth life.
Good Debt is the type that allows you to accumulate assets that will increase in value either by capital gains it by generating CashFlow. You can use the income derived from the asset to repay the debt.
Liabilities on the other hand, are the obligations and debts a company or an individual owes and have to be settled either in the short term or long term. A liability is usually money owed by a business for the purchase of an asset.
Liabilities could arise from borrowings which may be made to improve business or personal income and are paid back over an agreed period of an interval.
From the personal finance and investment perspective, there are four classes of assets that you need to have available to build an investment portfolio.
An asset is any form in which wealth can be stored and held - long lasting item of property that can be reasonably expected to contribute to the future profits of a business.