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Nairaland Forum / Nairaland / General / Investment / Two Old Lessons About Money You Should Run Way From (12761 Views)
Let's Talk About Money! / Two Old Lessons About Money You Should Pls Run Away From / Reasons You Should Run Away From Most Of The Recent Investment Iflux (2) (3) (4)
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Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 6:23pm On Jun 05, 2020 |
adewale4great:since 1971 savers become losers since when president Richard Nixon took money off the gold standard |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 7:56am On Jun 07, 2020 |
uprof:tell me more this is vague |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 7:28pm On Jun 07, 2020 |
adewale4great:when govt print money through fiat currency. The money supply increases and price goes up. Then inflation sets in. Then the value of money in your bank account goes down |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 6:54am On Jun 08, 2020 |
uprof:inflation is everybody problem, I'm.not alone |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 8:24pm On Jun 08, 2020 |
adewale4great:those that have sound financial education knows how to protect themselves form vulnerability |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 7:04am On Jun 09, 2020 |
uprof:how can I protect myself too? |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 8:07pm On Jun 09, 2020 |
adewale4great:you need to be taken through the three phases of economic dependence |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 7:08am On Jun 10, 2020 |
uprof:what are the three phases pls |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 8:46pm On Jun 10, 2020 |
adewale4great: 1. Mindset reprogramming 2.,skills set development 3 practical |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 7:27am On Jun 11, 2020 |
uprof:can we start with mindset reprogramming? |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 9:34pm On Jun 11, 2020 |
adewale4great:if you can do the task I will be issuing out |
Re: Two Old Lessons About Money You Should Run Way From by Chekitaut: 5:33am On Jun 12, 2020 |
Higher purchase required https://www.nairaland.com/5680364/higher-purchase-dump-truck#90573678 |
Re: Two Old Lessons About Money You Should Run Way From by dhappyking(m): 6:22am On Jun 12, 2020 |
Success4a: I guess the explanation is simple. The bank pays an interest of 4% pa. Infact even the treasury bill that used to pay double digits , say, 14% pa has fallen to as low as 5% pa. On a positive note, your fund is safe. However, inflation is as high as 12% or more. That means that by the time you pull out your savings to purchase from the market, your purchasing power has been eroded by as much as 8% at least. Does that make sense? What is the way out then? Investing in something that can pay you beyond the inflation + tax rates. Good! But there is a flip side here too. The flip side is that .normally, investments have risks attached to them. Usually, the higher the risk, the higher your returns should be. So it is up to you to play safe and lose or to risk and win on this race to make money. Consequently, you need to weigh your risk appetite because safety of your capital is Paramount. It is advised you have an acceptable level of knowledge of how reliable your investment is. |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 7:22am On Jun 12, 2020 |
dhappyking:good explanation! |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 7:15am On Jun 13, 2020 |
uprof:bro can we start with the first phase? |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 7:42pm On Jun 13, 2020 |
adewale4great:no problem! If you can do the task |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 6:37am On Jun 14, 2020 |
uprof:I will do it let's get started |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 7:12pm On Jun 14, 2020 |
adewale4great:I'm going to place you on personal finance book challenge |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 7:21am On Jun 15, 2020 |
uprof:for how long bro! |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 8:08pm On Jun 15, 2020 |
adewale4great:maximum of two weeks |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 6:56am On Jun 16, 2020 |
uprof:what is the name of the book? |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 6:50pm On Jun 16, 2020 |
adewale4great:the richest man in the Babylon |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 6:19am On Jun 17, 2020 |
uprof:OK! who wrote the book |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 7:07pm On Jun 17, 2020 |
adewale4great:j s clason |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 6:12am On Jun 18, 2020 |
uprof:where can I download for free |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 6:30pm On Jun 18, 2020 |
adewale4great:its available on pdfdrive dot net |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 6:51pm On Jun 19, 2020 |
uprof:OK! when I'm done I will let you know |
Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 7:11am On Jun 20, 2020 |
adewale4great:no problem! |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 7:08pm On Jun 20, 2020 |
uprof:jm done, I will start reading as early as possible |
Re: Two Old Lessons About Money You Should Run Way From by seyiowoseeni(m): 8:54pm On Jun 20, 2020 |
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Re: Two Old Lessons About Money You Should Run Way From by uprof(m): 6:50am On Jun 21, 2020 |
seyiowoseeni:Ride on marketer |
Re: Two Old Lessons About Money You Should Run Way From by adewale4great: 7:25pm On Jun 21, 2020 |
adewale4great:good happy reading! |
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