Our customer of the month for June 2019

Meet our customer of the month for June 2019, Miss Olutayo Oluwadarasimi, who just recently finished her stint as a corper.

Her great short story is that she set a financial goal for herself at the start of her service year and with our platform she was able to smash her goal upon ending her service year and get industrial instruments for her business.

In case you are still wondering on how you can smash those money goals of yours, go get our app on playstore and start saving towards them, we have features designed to help you stay disciplined and smash those money goals with ease.

The 80/20 rule: Apply it to your finances and change your life, by Olamide Oseni.

A couple of hundred years back, an Italian economist by the name of Vilfredo Pareto discovered something really really interesting that was going to change how we understand the world. He discovered that he could measure the relationship between cause and effect precisely in mathematical terms (80/20). I know that probably sounds a bit mystifying and confusing, it was for me too, so to break it down further what he discovered was that 80% of results come from 20% of efforts. You are probably as shocked about this and if you are honest a bit doubting too. What this means for you is that: - 80% of the money you make comes from 20% of the time and effort you put in. - 80% of your products are the ones bringing in 20% of the money you make. - 80% of your customers bring in 20% of your income. And it also applies to everyday life too: - 80% of the world's wealth is in the hands of around 20% of the world's population. You probably wear 20% of your clothes 80% of the ...

The Law of Demand and Supply For wealth making (Oyedamola Taiwo) For F&K Savings

The Law of Demand and Supply For wealth making. Next to the introduction of economics as a course is the exposition to how the demand and supply rules and moves an average economic system. I am definitely not here to bore you with economics jargon, I want to tilt your mind in a direction it has probably scarcely explored. This is how it works in the goods market; there is a producer on one side trying to make profit by offering a good/service and on the flip side of the coin is the consumer willingly looking for a product to feed his/her satisfaction in exchange for value. The two parties will have to meet and bargain. Before the transaction can be sealed, the basic requirements of the two parties must be met i.e, the producer must earn profit and the consumer satisfied with the product. Now, you have gotten the basic gist, let me exercise your imagination just a little bit. You want money right? I do too! Now, there is an imaginary money land with producers willing to give ou...

How to detect ponzi schemes, a piece by Olamide Oseni

Borrowing from Peter to pay Paul is literally one of the oldest fraud tricks in the book, and it’s alarming that people still fall prey to schemes such as this especially in the wake of one such dubious schemes that has invested participants looming on the precipice of disaster. These schemes are no new trend in the Nigerian environment but it’s still alarming how people fall for them, it would have been funny if it wasn’t a matter of such serious concern, space a couple of years between these things and the story remains the same, people rush, invest their money and inevitably a sizeable number of them got swindled. The term ‘ponzi’ can be traced back to US Italian immigrant, Carlo Charles Ponzi who pulled off one of the biggest investment scams in history that had people losing as much as millions of dollars, and this was as far back as the 1920’s. Following the pattern laid back by the progenitor of such scams, Ponzi/pyramid schemes promise an unusually high returns...

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