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Financewise

Real estate investments

Every diversified investment portfolio should have real estate investments. To qualify as aninvestment, the property must generate net revenue for the investor.  Our residences do not generate income, instead, we spend large amounts of…

Electronic banking safety tips

Earlier this month, I travelled outside my base for four days, I made a total of seventeen purchases and did not use cash once. It dawned on me fully that we are in the era of electronic banking. If so, how can we keep our electronic…

Effective savings strategies

Budgeting and planning are vital steps in our journey to financial freedom. Allocating sufficient money to savings in our spending.  Budget is the first step in ensuring that we save consistently. Savings themselves are not our goal because…

Financial inclusion and you

The term, Financial Inclusion is trending. What does it mean?Could any of us reading this column be financially excluded? Financial inclusion is defined as the making financial services available to all categories of persons and businesses…

Exercising due diligence

The most common advice given in this column is “exercise due diligence.” What exactly do we mean? How do we exercise due diligence? The dictionary defines due diligence as “the care that a reasonable person would exercise in order to avoid…

Mutual Funds

A Mutual Fund is a professionally managed pool of funds collected from many investors for profitable investment in different types of investment vehicles (as guided by the fund’s investment objectives). Dividend is periodically paid to each…

Personal Accounting

Every well run business is expected to prepare its accounts (financial statements) periodically. These accounts are essential for appraising its performance and guiding its management on how to move the business forward. In business…

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