Financial lessons from Covid

This episode is just to clarify the fee that Financial Advisors charge on managing your portfolio. It is a percentage, not of the profits that you make, but a percentage of the total portfolio that they manage.

You should not pay in advance for goods or services to someone who you do not know or perhaps trust completely.

This episode will explain what a Letter of Credit is and how it works. A letter of credit is a very important financial instrument that helps international cross-border trade and transactions.

This is the final episode of the current series. Hopefully we will reconnect soon.

Accounting and Finance are not the same ............... today we will chat about the main differences between the two.  Finance is the MANAGEMENT of money whereas Accounting is the RECORDING and REPORTING of transactions. Please send your comments and suggestions to Faisal at [email protected]

Covid has taught us many lessons, among them being that to lead a simple and straightforward and fulfilling life, one doesn't need a lot of money! Please send your comments and suggestions to Faisal at [email protected]

If you are not aware of the potential possibilities of investing in the stock market then you really are missing out. And with the current interest rates so low, you will receive very little on your traditional bank deposits and savings account, and so you do need to find alternatives where you can start placing some of your cash to enhance your returns.  So, you must teach yourself at least the basics of how to invest in the stock market. Please send your comments or suggestions to me, Faisal, at [email protected]

Choosing a new bank and opening a new bank account is an important decision.  So take your time and do your research before you decide which bank to open the account with.  And the best research is talking to people about their personal experiences with the banks that they deal with.  Send your comments and suggestions to Faisal at [email protected]  

Remember that shopping malls are designed and structured the way they are to specifically entice you and me to buy things that we didn’t plan to buy …………… and to spend money that we didn’t intend to spend when we entered the mall. The problem is not our planned expenses …………. the problem is the UNPLANNED and the impulse spending that we all do at the malls. Please feel free to comment or make suggestions to me, Faisal, at [email protected]

Making financial decisions in a hurry or under pressure can be a recipe for disaster!  Always take your time ........... nothing is runnig away and that pause can save you money and future hassles! Please comment or make suggestions at [email protected]