Tag Archives: money
Have a Debt-Free Life – Secrets to Achieving It
If you are currently in a financial crisis and your debts are starting to get out of hand, it is about time that you step in and take actions in order to address the situation head-on and avoid making it worse. Although you might be in a financial mess at the moment that does not mean that you cannot get back on track and regain control over your finances.
Truth be told, getting out of debt is not an easy feat . It is a step by step process that demands time, effort and your full attention and will. However, there are little things you can do that can make a huge impact on how you handle your finances, and ultimately lead you to a life free from debt. Below are some of them.
Establish an emergency fund
How To Open CSCS Account for Easy Buying and Selling of Shares at the Nigeria Stock Exchange.
One easy way to make money in Nigeria without working is by investing in company shares of companies. There are many quoted manufacturing and service companies whose shares you can buy on the floor of the Nigeria stock exchange.
However to make maximum profit from buying or selling company shares in the stock exchange you need an understanding of how the stock market operation.
The Nigeria stock exchange has a policy which clearly specifies that you can not buy shares or sell an existing stock in (share certificate) unless you have a CSCS account.
A CSCS account is an account where shares purchased are lodged electronically instead of paper certificates. The CSCS account was introduced some few years ago to eliminate the stress investors go through when it comes to the collection of share certificate after every public share offers.
You may want to know what CSCS is, it simply means The Central Securities Clearing System Nigeria ltd, it is the main clearing house of the Nigeria stock exchange where stock brokers go to buy and sell companies shares for their clients (investors).
Also, with the CSCS account investors in the stock market are able to monitor their shares to prevent illegal sales by some fraudulent stockbrokers.
To open a CSCS account with the Central Securities Clearing Systems Nigeria ltd, you will need the services of a reputable stockbroker in Nigeria who will assist you in opening it is free of charge and it only take some few days.
To start the process, just go a reputable stockbroker and tell him or her you want to open CSCS account to deposit your share certificate for easy selling. He or she will give you a share certificate transfer and CSCS account opening forms, please fill these forms accordingly and don’t forget to include your Nigeria GSM phone number to enable you receive alert from CSCS that your account as been opened.
NOTE: The stock broker will still have to take your share certificate for verification at the office registrar of the issuing house for the particular public offer you bought. After the shares have been verified to be truly yours, then it is lodged into your CSCS account and immediately you receive a GSM SMS text message the central securities clearing systems Nigeria ltd that your shares had been safely deposited your account.
From now you can ask your stock broker to sell some units of your shares for you and when he sells you will surely receive a text that X units of shares ahs been sold at Y amount Z date.
I hope with piece of information you can now go ahead any time you feel like selling or buying additional shares to make money.
Stay blessed.
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What You Have in Your Hand Is Enough To Start A Business
The economic melt down that took place some few years ago have in no doubt left many businesses and families in most countries in bad financial state.
On daily basis you hear workers complaining bitterly of their inability to meet up with basic financial obligations because of lack of money due to poor remuneration. While on the other hand employers of labor blame the government for not providing the right environment for businesses to thrive. Who then is to be blamed for the present harsh economic conditions people going through daily?
Well, like Professor Ola Rotimi a renowned Novelist titled his book, I will say “The gods are not to be blamed†for what ever economic hardship people go through in life. I believe the financial destiny of any man or woman lies within him or her. There are some attributes we posses, you call it talent of which if properly utilized can alleviate any harsh economic condition.
But in reality majority of people don’t always look inward to see the abundant of talents, abilities and materials resources at their disposal instead; you hear them shout to the high heavens about lack of startup capital for business. Just take a critical look at yourself now and you will definitely discover one or more abilities you can easily convert to startup capital for business. Below are skills, abilities and resources you have at hand which you can help you in setting up your desired business. Â
SKILLS AND IDEAS Majority of people don’t know that the skills and ideas they posses are a major factor in business. You remember the four factors of production (Land, labor, capital and entrepreneurship). Yes, if you have one or more of these factors you can simply exchange it for money or for the rest you don’t have.
For example, if you are a highly knowledgeable and very skillful in a particular trade or profession you can raise the required startup capital for business by partnering with some body else who capital and is not as skillful like you are.
STOCKS AND BANK SAVINGS. Those companies stocks you bought some time ago at the stock exchange are assets you can use as security to obtain SME loan from micro finance bank in your country. Also, the little savings you have in your bank account is that thing in your hands you can use to start a small scale business that will later grow to become a big firm.
HOUSES AND LAND. The houses and other landed property you have are assets you can sell to raise capital or use as security to obtain loan from a bank. Also, if in the house you live have enough space at the backyard you can simply use the little amount money in your hand and the free space to start businesses like.
Cat fish farming business.
Poultry farming business.
Vegetable garden.
Soap making business.
Laundry and dry cleaning business. Etc.
PEOPLE YOUR ARE CONNECTED TO. Some times I hear people say when it comes to success and riches in life that “it’s not what you know that matters but the people you know†yes they are quite right to some extent but what you know and who you know makes a perfect combination as far as success and achievement is concerned.
The gifts of a man they say provides him opportunities to deal on almost equal terms with the powerful and highly placed individuals in the society. While a man who only knows a lot of people but does not have economic value (usefulness) will only be a qualified errand boy for life.
I’m sure that through reading these articles you have discovered that you actually posses enough abilities and resources needed to start your desired business without stress.
They say “No condition is permanent†All conditions are subject to change even with just little effort you can your financial condition for good, just be proactive.
See you at the Top.
Ojo.
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Overcome Lack of Money Through Popcorn Production.
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Easy ways to spot and avoid been scammed online
A million and one people logon to the internet daily searching for opportunities to make cash but find it difficult to distinguish between scam and genuine programs that pay real cash?