The Importance Of Financial Education #finance #money #invest You must FIRST invest in your Financial IQ. Having good financial IQ is not about saving tons of money or dumping them into mutual funds. It is developing a healthy relationship money and building a wealth of assets that will generate you money. What does it take to develop your financial IQ?Delayed gratification is one of the most important aspects to developing your financial IQ. Take this as a hypothetical example. Would you pay for a pint of milk or a cow? If you buy milk, it is consumed and it is over. You will have to buy milk over and over again when it is finished. Even if the milk costs less than a cow, in the long run, you will still be buying milk again and again. Now, if a cow were to cost 50 times more than milk, you might pay through your nose when you purchase the cow, but after consuming 50 pints worth of milk from the cow,you would break even on your investment and save more money in the future. In fact,the cow might give birth to 2 or more calves and you could sell one of them for profit! Get the idea? EVERYONE is capable of creating wealth. When you take a beat up old car and give it an overhaul, paint it with a new coat of paint, and change a few more parts to make it start running again, you could sell that car for more money than if it was just a beat up old car. You would have created wealth in the process!How about a farm? If you turn a farm into a country home getaway resort, wouldn’t the value of the farm land increase manifold?It is the same principle for chefs, computer programmers and craftsmen. The sum of the whole is greater than the parts. We are all capable of creating wealth even out of thin air and that is the first step to getting our creative juices flowing. The value of anything is defined by supply and demand.You don’t need to be a Major in economics to understand this. Money is just an idea.Remember the desert island example? The true measurement of money is not the cents or dollars it represents. If you have developed a product that people want, would they pay more to you than usual? Would you apply your skills in creating good assets? Bottom-line is this: Invest in assets that bring long term value. Anything that brings you more income is an asset. Don’t invest too much in liabilities like cars or boats.Even houses are not considered assets until they are fully paid off (If you lost your job tomorrow and you can’t pay for your house, is your house an asset or liability?) Are you willing to step out of your comfort zone and pay the price for financial IQ or ignore the signs of the times and expect your boss, the government and the bank to take care of you financially for the rest of your life, living below your means and never taking risks to better your family’s future?

The family you come from is very important but the family you are creating should be your priority .. in the other you belongs to but this belongs to you 🙏 Not just anyone but someone who fit .. m

LIFE INSURANCE POLICY PLAN What is Insurance? What are the benefits of insurance? Have you ever considered insurance as a protection policy plan for yourself and your family? Well, at the end of this write-up you will be convinced that insurance is not a myth or an abhorrence to man. The Japanese are the most insured in the world; while South Africa is the most insured in Africa. Unfortunately, Ghana is no where found on the list. Insurance is a contract between you (or a business) and an insurance company to help protect you and your loved ones from financial loss due to an unexpected event, like an accident, illness, natural disaster, or other unexpected circumstances. Again, Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs. However, Insurance and Assurance are two commonly misused terms in insurance policy documents. While both terms describe the policy coverage, they have different meanings. While insurance provides monetary compensation for a covered event, assurance provides financial support in a covered situation. Benefits of insurance These include the following:- Financial security Life insurance Tax benefits Risk sharing. There are quite a number of insurance companies currently operating in Ghana. The following are the top Life insurance companies in Ghana, today. These are:- Entreprise Insurance Star Insurance SIC Prudential Life Insurance Prudential Life Insurance is number 4 out of 24 registered Life Insurance companies in Ghana. Prudential Life Insurance was first called Prudential Assurance Company and was established in the UK in the year, 1848. The company paid compensation to the TITANIC accident Cruise Ship Victims in the year 1912. It was registered in Ghana in 2014. Prudential Life Insurance currently has 24 million clients, insured across the world and 500,000 more customers across Africa. Prudential Life insurance helps to take the financial risk out of life’s big decisions. The company creates long-term value for its customers, its shareholders and the communities it serves. The company's Individual Insurance Plans include:- Ultimate Hospital cash back (either for individual or family). Educational Support Plan Another insurance policy plan is Ultimate Premier Farewell (Death) and Ultimate Classic Farewell Last is the Prudent Life Plan, which provides cover till age, seventy years. In conclusion, you will agree with me that insurance is rather an important part of our lifetime for security and protection and not a myth or something to be scared of.

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Ethical Considerations in AI While the benefits of AI are undeniable, its rapid advancement raises important ethical questions. One major concern is bias in AI systems. Since AI algorithms learn from data, they can inherit biases present in that data, leading to unfair or discriminatory outcomes. For example, biased hiring algorithms could perpetuate gender or racial inequalities. Transparency is another issue—many AI systems operate as “black boxes,” making decisions without clear explanations, which can erode trust and accountability. Privacy is also a significant concern. AI systems often rely on vast amounts of personal data, raising questions about how that data is collected, stored, and used. There’s also the fear of job displacement as AI automates tasks traditionally performed by humans. While AI can create new opportunities, it’s crucial to ensure a fair transition for affected workers. Finally, the development of autonomous weapons and other harmful applications highlights the need for global regulations to prevent misuse. As we embrace AI, we must prioritize ethical frameworks that ensure fairness, transparency, and accountability, ensuring that AI serves humanity as a whole. [Image generated by Google Gemini] #ArtificialIntelligence #AI #AIR

While you were probably asleep, I was taking a walk up and down the street to refresh and recharge after trying to fix a bug in a code I was writing for a new script intended to improve your experience on the Authicles platform. Sadly, after 3 hours on returning back to work in the middle of the night, I had to sleep for 3 hours. Thinking I got things right? No, I still couldn't. 😔😭 It's morning, a Sunday but that's dedicated to another important aspect of my life. Care to know what it is? Read Matthew 6:33. Got that? Good morning, may Jehovah see us through. 🙏🏽 #Authicles #Coding #Programming #Spirituality #KingdomInterestsFirst

Reading gives you the opportunity to meet people you would never meet in your lifetime. Gain knowledge and experience you would and could never have imagined.All importantly business knowledge from business people is what you need to soar above the horizon. #Read

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Humility is important in life but it's difficult to know who's humble in different circumstances. The needy tends to be humble, the rich tends to be arrogant; however, the table can turn at anytime. On the flip side, each person can change according to the circumstance they find themselves in at a point in life. Think about it 🤔 #Humility #Arrogance #Rich #Poor