How Do Finance Companies Make Money If They Don’t Take Deposits Like Banks?
Introduction: The Big Question Behind Finance Companies Most people understand how banks make money—by taking deposits from customers and lending them out at higher interest rates. But finance companies in…
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What Banks Don’t Want You to Know About Interest Rates
Introduction: The Hidden Truth Behind Your Loan Agreement Banks are powerful financial institutions, but they thrive on one simple principle—profit. Every time you borrow money, whether it’s through a mortgage,…
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Why Do Most Africans Save in Dollars Instead of Local Currency?
Introduction: A Currency Dilemma That Affects Millions Imagine waking up tomorrow in Toronto or New York and realizing your savings have lost 40% of their value overnight. That’s the harsh…
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The Hidden Tricks Loan Apps in Nigeria Use to Track You
Introduction: Why Nigerians Should Be Concerned Loan apps in Nigeria have become the “quick fix” for emergency cash. With just a few taps, you can borrow money without stepping into…
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Financial Terms Everyone Should Know by 30
Introduction: Why Financial Literacy by 30 is Non-Negotiable By the time you hit 30, your financial world becomes more complex. Student loans, rent or mortgage, insurance, taxes, investments, and retirement…
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What Really Happens to Your BVN When You Default on a Loan?
Introduction: The Silent Power of Your BVN In Nigeria, your Bank Verification Number (BVN) is more than just an 11-digit code. It’s your financial fingerprint, connecting all your bank accounts…
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What Is Compound Interest? A Simple Explanation
Introduction: Why Compound Interest Is Called the “Eighth Wonder of the World” Albert Einstein famously referred to compound interest as the eighth wonder of the world. That’s not an exaggeration—it’s…
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How to Improve Your Personal Finances Today: Smart, Simple, and Effective Tips
Managing money can feel overwhelming, especially with rising living costs in Canada and the USA. Many people want financial stability but struggle to take control of their spending, saving, and…
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Best Ways to Cut Expenses Without Feeling Deprived
Introduction: Saving Money Without Sacrificing Joy Cutting expenses often feels like a punishment. People imagine giving up their favorite coffee, canceling vacations, or saying goodbye to fun nights out. But…
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