Finance

Emergency loans, types and FAQs This article was published on Ayi Post  Life is unpredictable.  When unexpected financial emergencies strike, whether it's a medical bill, car breakdown, or sudden job loss, you need solutions fast.  If your emergency fund is insufficient or nonexistent, an emergency loan might provide the financial relief you need. However, not all emergency loans are created equal.  Understanding your options, their costs, and potential risks is crucial before making a decision that could impact your financial future. What is an Emergency Loan? An emergency loan is a type of financing designed to provide quick access to funds for urgent, unexpected expenses such as medical bills, essential home repairs, car maintenance, or utility payments to prevent service disconnection. These loans typically feature expedited application processes, with many lenders offering approval and funding within 24-48 hours.  While speed is a key advantage, ...

Investing in Gold. Gold futures prices are currently 36% higher compared to the price a year ago, cnbc reported. The article said: Gold futures prices are also up about 10% year-to-date and currently 36% higher compared to the price a year ago.  What is behind the rising prices of gold? Two reasons stand out: 1. The rising global inflation rate. It’s a common practice by many investors to buy gold and use it as a good inflation hedge. 2. U.S. sanctions on Russia. U.S. sanctions on Russia date back to 2022. These sanctions have been the boost for higher returns on gold for at least a year now. Would global headline inflation continue to rise or would it fall in 2025?   IMF said that it is expected to decline. The bank said: Global headline inflation is expected to decline to 4.2 percent in 2025 and to 3.5 percent in 2026, converging back to target earlier in advanced economies than in emerging market and developing economies. Would US lift sanctions on Russia? U.S. President...

  Do you have a plan for your future? The answer is most likely a quick YES! Does that plan include a financial plan (a budget to control your spending, saving and dictate your invesments)? The answer more likely a NO!  Many make plans for the future without including a financial plan in them. Why do they ignore this all important map and means to get to their goals? It's most probably because they don't have a financial literacy.  What is financial literacy? Financial literacy is the acquisition of at least,  a basic financial knowledge that helps you to know how to fill your needs, spend responsibly and still set aside (save) a portion of your income for the future.  Why is it important to save a portion of your income? So that you can have a significant portion of capital that may be required to invest, grow and secure a lifetime financial stability Also for the sake of the protection of your investments (and your entire personal finance) against future risks...