is being rich the same as being wealthy, or is there a deeper difference?
Fokona Latest Questions
How exactly does indexation work, and why can it become particularly important for someone holding a mutual fund investment for many years? What difference can it make to an investor’s overall returns and tax liability
With tuition, living expenses, transportation, and other financial responsibilities competing for your limited income, investing can seem like something you should only consider after graduation. But does building wealth really require a high income? What investment strategies can a student ...Read more
I’ve now started learning the basics of personal finance, saving, investing, and wealth creation, but I want to take the next step and properly understand the different investment options available to me. As a beginner in Nigeria, I keep hearing about ...Read more
This question may sound like my previous question but it is actually different in details. If you were starting from exactly where I am today—with very little money, an irregular income, no knowledge or experience in investing, and a strong ...Read more
“I have a small and irregular income. I’m a village farmer, and farming sometime is mostly about survival and taking care of basic needs. Some months I may make money, while other months I may make very little or nothing. ...Read more
“I have a small and irregular income. I’m a village farmer, and farming sometime is mostly about survival and taking care of basic needs. Some months I may make money, while other months I may make very little or nothing. ...Read more
I’m a farmer and I know almost nothing about personal finance. What exactly is the difference between saving money, investing money, and building wealth? Why are they different, and do I need all three?