Adewale Fayinka's FBM Blog

     Studies have shown that building and maintaining resources and capabilities to assure a comfortable worry-free retirement is a constant struggle for  most people. Retirement refers to withdrawal from one’s employment position or occupation or from active working life. Retirement refers to that part of one’s  life when he or she voluntarily, or involuntarily withdraw from actively working, or from any type of labour. If planned right, retirement period is expected to be the best part of one’s life – a time devoted to leisure, and to the good pleasures of life and family – the golden age.   There are many factors that determine when an individual can retire. These factors include age, state of health, and the level of resources needed to make life comfortable in retirement. In most nations of the world, the age of 60 and above is generally viewed as a good time to retire, but some may be forced to work for longer years because of an inability to possess the financial resources to

In our article  The 7 Steps to Financial Independence in a Depressed Economy , we identified Earned Income as one of the 3 income types by which smart people can ride to financial independence. The other two are Passive Income and Portfolio Income. But unless you inherit great fortunes from your parents or some rich uncle or aunts, Earned Income is your surest way to guarantee financial independence for yourself and your family. But earning great salary or wages is no guarantee that you will make it to the journey end, and neither does earning low wages enough to deny you your place in financial freedom. The key is in putting your Earned Income to use, and investing portion of that income in instruments and businesses to yield portfolio and/or passive income. In today's article, we bring you ten small businesses that you can invest in, and run while you are at your current job. E-Commerce You think of Jumia, Konga, and Deal Dey when you hear of online businesses, but t

Adewale Fayinka, 08037126699 " Entrepreneurship is living a few years of your life like most people won't, so you can live your life like most people can't".  Why? Elon Musk was a cleaner of the boiler room in a lumber mill; Linda Ikeji started blogging in a cyber cafe because she could not afford Internet at home; Cosmas Maduka hawked Akara on streets at age 4, and became apprentice at a spare parts shop at 9; Mark Cuban sold garbage bags door to door, and Michael Dell was a dishwasher in a Chinese restaurant. Need more inspiration? In our discourse last week, we mentioned 7 distinctly proven ways to achieve financial independence. One of the proven ways is to start your own business as an Entrepreneur. Becoming an Entrepreneur or building your own business is probably one of the most difficult ways, but it has proven many times to be the most profitable way. Check through the Forbes' list of 100 wealthiest individuals in the world

Financial independence is defined as a state in which an individual or a household has sufficient wealth to live on, without having to depend on income from some forms of employment. In other words, financially independent people are those who are able to meet their needs and expenses from sources other than their primary occupation. Financial Independence doesn’t just happen, but starts with a detailed plan and a willingness to commit to that plan.  Financial Independence is what everyone wants, but very few people ever achieved it. There are probably many ways to achieve financial independence, but if you want to achieve it legally, and without the fears of EFCC, ICPC and SARS breathing down your neck, your options are limited. To achieve financial independence, you need to achieve a mastery of at least two or all of three income types: They are: A. Earned Income B. Portfolio Income C. Passive Income. In this article, we shall focus on 7 Steps derived from the