Focus on saving $100
Then turning $100 to $1000
Then set your goal to $10,000
Then focus on reaching $100,000
Then set your goal to $500,000
Then Once you have $500,000
$1,000,000 is just 2x of that
Slowly but smartly
This is how you become a millionaire.
NEXT OF KIN" IS USELESS IN THE BANK.
The real thing needed in the bank is
👇👇
If you díe today (God forbid), your “Next of Kin" will not have any access to the money in your account.
So many Nigerians think that their next of Kin is the automatic heir to their accounts. But the TRUTH is that if your Next Of Kin is not a signatory to your account, and you don’t have a written will to determine that person’s legitimacy, the Person will not have access to that MONEY at all.
Are you surprised....Sit down first
See ehn your Bank will have to go through a process called A LEGAL PROBATE.
This Probate Period helps them determine who gets the MONEY in your account. this is a very lengthy and expensive process. Even after the whole process is DONE, Your FAMILY will have to FORFEIT some very REASONABLE amount of the MONEY for LEGAL FEES.
But if you want to avoid this, simply request for your Bank to give you something called a POD Form.
What did I call it? POD 👍🏾
POD stands for "PAYABLE ON DEATH". The Name of The person you fill in that POD Form will determine who will get your MONEY. All the person needs to bring Is a Death Certificate to get that MONEY out.
With a POD Form, you will save your FAMILY the stress of going through all that Lengthy Legal Process and even losing some MONEY to the Law.
I just thought, I should let you have record of this important information
@wealthcoachomi BUA cement is more expensive because from the P/E ratio of 24.96, means that a product worth N1 is being sold at N24.96 While Dangote is being sold at N11.63 for a product worth N1.
Beginner mistakes in comparative analysis of company financials:
PRICE P/E
DANGCEM N810 11.63
Vs
BUACEM N326 24.96
From the above data, which in your opinion is more expensive?
Explain your answer.