Advertise on podcast: Simple Finance Lessons

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Description

These are simple and interesting stories and lessons from the world of finance. Some are from my own experiences and some are things learnt from others. Students of finance and young adults unfortunately learn certain things the hard way. What I am trying to do is to bring forth some thoughts that we should all be aware off. Even people with more than 20 years of finance experience make silly mistakes for a variety of reasons, and this ends up costing them time and money, along with frustrations. But by then its too late! You need to act at the outset, not after the die is cast.

Podcast episodes

Check latest episodes from Simple Finance Lessons podcast

Avoid paying in advance

2023/04/16

You should not pay in advance for goods or services to someone who you do not know or perhaps trust completely.

What is a Letter of Credit?

2023/04/16

This episode will explain what a Letter of Credit is and how it works. A letter of credit is a very important financial instrument that helps international cross-border trade and transactions.

Ending the podcast - hopefully temporarily

2022/01/10

This is the final episode of the current series. Hopefully we will reconnect soon.

What is Accounting?

2021/12/01

Accounting and Finance are not the same ............... today we will chat about the main differences between the two. Finance is the MANAGEMENT of money whereas Accounting is the RECORDING and REPORTING of transactions. Please send your comments and suggestions to Faisal at [email protected]

Financial lessons from Covid

2021/11/23

Covid has taught us many lessons, among them being that to lead a simple and straightforward and fulfilling life, one doesn't need a lot of money! Please send your comments and suggestions to Faisal at [email protected]

You must start learning about the Stock Market

2021/11/12

If you are not aware of the potential possibilities of investing in the stock market then you really are missing out. And with the current interest rates so low, you will receive very little on your traditional bank deposits and savings account, and so you do need to find alternatives where you can start placing some of your cash to enhance your returns. So, you must teach yourself at least the basics of how to invest in the stock market. Please send your comments or suggestions to me, Faisal, at [email protected]

Opening a new bank account with a new bank

2021/11/05

Choosing a new bank and opening a new bank account is an important decision. So take your time and do your research before you decide which bank to open the account with. And the best research is talking to people about their personal experiences with the banks that they deal with. Send your comments and suggestions to Faisal at [email protected]

Shopping Malls are designed for impulse and unplanned spending

2021/10/26

Remember that shopping malls are designed and structured the way they are to specifically entice you and me to buy things that we didn’t plan to buy …………… and to spend money that we didn’t intend to spend when we entered the mall. The problem is not our planned expenses …………. the problem is the UNPLANNED and the impulse spending that we all do at the malls. Please feel free to comment or make suggestions to me, Faisal, at [email protected]

Never make financial decisions in a hurry!

2021/10/19

Making financial decisions in a hurry or under pressure can be a recipe for disaster! Always take your time ........... nothing is runnig away and that pause can save you money and future hassles! Please comment or make suggestions at [email protected]

What is Finance?

2021/10/05

What is Finance? What do we mean by it? Is it the same as accounting? Lets find out! Please send your comments and suggestions to Faisal at [email protected]

Opportunity Cost

2021/10/02

The concept of Opportunity Cost and its use gives you a better chance of making the right financial decision. It prompts you to consider what other alternatives there are, and especially the next best alternative that you are giving up to do what you are thinking of doing. Please send me your comments and suggestions at [email protected]

To enjoy your financial freedom - Invest in your HEALTH!

2021/09/24

Health is wealth! Make looking after yourself and your health near the top of your list of FINANCIAL priorities. Please send me suggestions or comments at [email protected]