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WEALTH PLANNING SERIES

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  #WPS#HNWI#WorkingProfessional#Wealth#Planning#WealthManagement#WealthPlanning#

Definition of Wealth –
Wealth is the abundance of valuable resources or valuable material possessions - Wikipedia
Wealth measures the value of all the assets of worth owned by a person, community, company or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts (Investopedia)

How to build wealth
- Drop your living expenses
- “Great Wealth Builders focus on both saving money and earning more” – financialMentor.com (expense should be lowered more than your income , the larger the gap the more your income.



NIGERIA IS IN RECESSION, FAMINE IS IMMINENT, SO HOW CAN YOU SURVIVE?

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"Nigeria has 33 silos meant for storing grains against periods of poor harvest but all silos are empty, as fear of  famine stalks the country"- Businessday Newspaper, Friday 02 December 2016.

The possibility of famine outbreak in Nigeria is becoming more of a reality with each passing day, the prices of basic food stuffs has skyrocketed, cost of food supplement is right there among the clouds, even ordinary sachet water is now twice as expensive, and this inflation seems to be accelerating, cost of basic necessities like power, transport, accommodation, fees and levy has become more expensive, yet wages are not improving, in fact many are taking pay cut just to stay employed, because many people are losing their jobs by the minute, and many expert come on TV Programmes, Radio shows, on social media and other available outlet to suggest the way out and way forward, still the economy is not improving.

Since the solution proffered so far to Nigeria's problems seems not to b…

DO YOU WANT TO COPE IN THIS ECONOMY? TRY THIS FORMULA.

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“All of us might wish at times that we lived in a more tranquil world, but we don't. And if our times are difficult and perplexing, so are they challenging and filled with opportunity.” -RFK.

Nigeria has been coping with a dire financial situation for some time now, and Analysts are saying the currency issues facing the country may linger till 2019, which means succour might not be just in sight yet, and we have to brace ourselves for more austerity and its attendant effect, which might include, more layoffs, businesses closing down, investors relocating elsewhere, unstable oil price, rising price of commodities, and limited or no access to basic amenities and services. In the face of all these challenges, the facts in the public space all seem to be pointing to one sector of the economy as the way out of all this problems, but are you ready to explore this solution?, because the solution to this crisis is in our collective hands, and we need to start doing something.

One of the be…

NEGATIVE INTEREST RATE: THE NEW NORMAL

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Whenyoulendsomebodymoney,theyusually havetopayyoufortheprivilege.That has beenabedrockassumptionoffinancial institutionsforcenturies.Butthisisan assumption that is increasingly being tossed aside by some of the world’s central banks and bond markets. In recent months a number of the world’scentralbankshaveveeredinto territory once unimaginable to most economists: negative interest rates. Investopedia says negativeinterestratepolicyisan unconventionalmonetarypolicytoolwhereby nominaltargetinterestratesaresetwith a negativevalue,belowthetheoreticallower boundofzeropercent. Standardtextbook theoriesholdthatnegativeinterestratesare infeasiblebecausedepositorsalwayshavethe outsideoptionofholdingontocash,whichis storableandthereforepaysaneffective interest rate of zero. Duringdeflationary periods, people and businesses tend to hoard money instead of spending and investing. The result is a collapse in aggregate demand which leads to prices falling even further.

Adownwardshiftinaggregate dema…

LESSON LEARNED FROM THE RECESSION: WHY YOU NEED AN EMERGENCY FUND

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James Rufai had risen through the ranks and file in his bank from being a teller through 25 years of hard work and personal sacrifices to becoming a manager. Today, his years of hardwork have come to nought; the Human Resources just served him his discharge letter. James has four children in one of the international schools at Lekki Phase I, Lagos. Among his first decisions was the withdrawal of his children from the international school because he would no longer be able to afford the requisite school fees, change of neighbourhood from posh to less posh (Lekki to Egbeda), sales of some of his exotic household furniture and car, to enable him weather the economic storm occasioned by the looming economic recession. Nigeria is technically in an economic recession and at the brink of an economic precipice. Its massive effect is spreading across every sector of the most populous country in Africa, particularly education. There are many similar stories in Nigeria today which could have bee…

JOB VACANCY

We have a job opportunity for a Lawyer with four (4) years experience in perfection and documentation/ commercial transaction. The personnel must be social media inclined with ability to market Trust product online. The role also requires client facing and marketing for new prospect on trust products.
Educational requirement; minimum of 2nd class lower in a reputable university and also at law school. international Master degree will be an advantage. gender pref. Female.
 interested persons should forward resume to hr@almconsultingltd.com with 1 week of this post.

THIS WAS NOT THE PLAN - PART 3

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We have decided to share Jumoke’s story with you for a worthy cause. We believe all knowledge does not originate from direct experience and sometimes we have the opportunity to learn from the experience of others. Read on and remember the lessons in this story…..
Although men made advances at her, she made it clear that her children were her priority and committed all her time and efforts towards their upbringing.After a few years she accumulated enough to buy a house and two shops at an Ultra-Modern market. At least, she had an alternative source of income from the rent she received from the shops and she believed she had acquired these assets for her children to inherit in the future.
Dayo got to hear of her success and decided to seek her out. He begged her to return and made promises to change his attitude towards her and the children. Her Mother also advised her to reconcile for the sake of the children but the truth is Dayo never cared about her or the children. He never bothered…