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Loans and Sharks

In recent times, a number of persons have received unsolicited messages from FinTech loan companies about known and unknown individuals who default in loan repayment.

The aim of this “technique” is to enforce repayment via the instrumentation of public embarrassment.

Is this a right approach? Is it legal? Can FinTech companies be sued for harassment?

We discussed these and more in this episode of Gist Arena.

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Money Management Tips

I made the payment for my daughter’s school fees today. I’m sure someone would ask “Kini big deal?”
Smiles…
It’s a big deal to me because this time last year, we had to pay in 3 instalments. We were experiencing “cash flow challenges”, as one of my friends put it.

We had to make a lot of lifestyle changes and do away with frivolities. We may not be exactly where we want to be but we are not where we used to be. For that, I’m grateful.

I guess some are wondering how I managed to share the recharge cards and other “freebies” I was giving in the midst of the cash flow challenges. Hehehehe.

First of all, I made up my mind to resort to asking for help online if and only if I had truly tried everything I could and nothing worked. As we now know, some of the things I tried worked well enough to cover for those that did not.

Secondly, I said “cash flow challenges” because the truth is that the man/woman that is DILIGENT and SKILLFUL will stand before kings, not obscure men. If the skills you currently have cannot pay the bills for now, consider diversification.

Also, I talked about making lifestyle changes. We had to cut our cloth according to our material. We cut out unnecessary expenditure and found opportunities to reduce our spendings on the “essentials” (Eg, a power surge spoilt our DSTV decoder and we somehow got used to GOTv). There is nothing wrong with DSTV ooo, it’s just that the small savings we made by switching to GOTv made a difference… We found small small savings here and there.

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We found other streams of income that do not really interfere with our regular jobs. Sure, we need to cut down on our “social time” but I think the gains outweigh the pains.

Finally, God’s mercy is the prevailing factor in all of these things. There were strategies I received for the business streams in the place of prayer. I had and still have my pen and paper constantly with me because strategies keep coming from “above”.

I pray that I will be able to influence and support people currently experiencing “cash flow challenges” to maximize their resources to improve their financial conditions. That’s what drives the many pages, groups and profiles. I really want to help and support people as they maximize their online presence.

Welcome to my world!

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