Personal Finance

Inflation and your Money: How to Stay Ahead of Inflation

From our discussions on Inflation so far, you can see that it is difficult to classify Inflation as either good or bad. When it is bad for some people, it is good for others. There are various monetary policies that Governments and Central Banks around the world formulate and enforce in a bit to control

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Inflation and your Money: Positive Effects of Inflation

From the last series, you now know how high inflation creates uncertainty and can wipe away the value of money savings. But I also mentioned that while inflation is a curse for some people, it is a blessing to others. In fact, there are some, who believe that the primary function of inflation is to

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Inflation and your Money: Negative Effects of Inflation

Two days ago, we had considered the definition of Inflation, its causes and how it is measured. Today, we are going to focus on the Negative Effects of Inflation. Inflation affects different people in different ways, with some benefiting from its effects at the expense of some who lose out. The inflation rate also offers

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Inflation and your Money: Causes and Measurement of Inflation

In continuation of the series on Inflation we started yesterday, we are going to consider the Causes of Inflation and how it is Measured in the economy. Inflation Theories – Causes of Inflation Two general theories explain inflation. The first, the demand-pull theory, says that prices increase when demand for goods and services exceeds their

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Inflation and Your Money: Definition of Inflation

There are several inflation related questions we ask ourselves every day. “Last year, I bought this same Beverage – Milo – for N800, now it’s N1,200, what is happening to money?” “Why does the price of things keep going up on a daily basis?” “Who is controlling these prices?” These are questions we ask ourselves

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We Are All Motivated By Greed – Own It!

Greed is an inordinate or insatiable longing for unneeded excess, especially for excess wealth, status, power, or food. It is an inordinate desire to acquire or possess more than one needs. (Wikipedia) From a moral standpoint, the word “greed” is usually the subject of reprove and is considered a sin. Jesus warned his followers to “take heed, and beware of

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FINTEL Frank Talk – DAY 6 of 10

THE GOVERNMENT WILL NOT HELP YOU =================================== If you are really serious about getting out of poverty and achieving Financial Freedom, it will be unwise to expect the Government to do it for you. Through research, I have been able to identify about 31 types of Government including Anarchy, Communism, Oligarchy, theocracy, Socialism and the

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