Cfle Africa

Millennials Voice Africa; Young Africans must see beyond their eyes — Peter Asare Nyarko

The Executive Director of Center For Financial Literacy Education Africa (www.cfleafrica.org), Peter Asare Nyarko, in just ended Pan African dialogue on “The Role of the Youth in growing African Economies; Financial Recovery from COVID19” by some of the prominent young leaders from Kenya, Tanzania, Ghana, Cameroon, Nigeria, Unganda and other countries made a powerful presentation […]

Millennials Voice Africa

Millennials Voice Africapresents“The role of YOUTH in growing AFRICA ECONOMIES: FINANCIAL RECOVERY From COVID 19.” Date: 9th June, 2020Time: 14:00 GMT | 17:00 EAT (2pm Ghana, 3pm Nigeria & Cameroon, 5pm Tanzania, Kenya & Uganda)Zoom Link: shorturl.at/kDW25Meeting ID: 731 5893 3876Password: MVA Register via: https://forms.gle/DdbVpK9p9gvvXseT9

COVID19; MONEY MATTERS ONLINE SEMINAR

Financially speaking, how are you making the best of this lockdown? With our Executive Director, Peter Kwadwo Asare Nyarko & Augustine O. Agyei, International Speaker & Entrepreneur. Tuesday, 21st April18:00 GMT Join Zoom Meetinghttps://us04web.zoom.us/j/5119143463?pwd=OVh5cmNsVFk5RU5oNW9Hb0JzMEVmZz09 Meeting ID: 511 914 3463Password: CFLE lockdown #financialseminar #moneymatters #covid #covid19 #webinar #conversations #zoom #zoommeeting #cfleafrica #Africa #Ghana #UK #Accra

Planning Your Finances For The New Year

Now that the new year is here, many of us have committed ourselves to changing the way we live for the better. Some of the most important things people focus on, especially in the new year, are personal finance, saving, and investing. Achieving financial freedom and independence is an admirable goal, but very few people […]

Welcome to your Some Questions to Ponder

1. 
. PAPERWORK In an emergency, could someone in your family quickly find your important papers— birth certificate, bank account records, health care directive, insurance policies, credit card records, will, etc.?

2. 
NET WORTH Do you know your current net worth and how you hold title to your various assets?

3. 
CASH FLOW MANAGEMENT Do you have enough cash available (in bank accounts or easily cashed securities) to cover yourself and your family for at least six months of no work?

4. 
BUDGET Do you and your family have a useful, written monthly budget?

5. 
EXPENSES Do you think you’ll be able to pay ‘all your bills’ on time every month for the next 12 months without a paycheck?

6. 
EMPLOYMENT BENEFITS Do you understand and, if appropriate, utilize all your employment benefits to your advantage?

7. 
GOALS Do you know what’s really important to you; and have you written your personal and financial goals for yourself and your family?

8. 
FINANCIAL INDEPENDENCE/RETIREMENT Do you know when you expect to be able to retire / become financially independent?

9. 
FINANCIAL INDEPENDENCE/RETIREMENT Do you know how much income & assets you will need to enjoy your retirement years; to live a quality life, including any special gifts or bequests to family, friends and nonprofits?

10. 
FINANCIAL INDEPENDENCE/RETIREMENT Have you calculated the amount of money required to reach your financial goals?

11. 
MAJOR EXPENDITURES - Have you thought about and made a list of major expenditures you can expect over the next five years and where the money will come from to pay for them?

12. 
INVESTMENTS - Do you think your current investment plan(s) will meet your retirement needs?

13. 
TAX DEFERRAL Do you think you are making the best use of tax-deferred investment plans for retirement?

14. 
TAXES Do you know the income tax rates on your last earned dollar?

15. 
INSURANCE / RISK MANAGEMENT Do you think you have the right amount of insurance— life, health, disability, long-term-care, auto, home/renter’s, fire/flood/earthquake, liability, etc.—not too little, but not too much?

16. 
ESTATE & GIFT PLANS Do you and your family have current wills?

17. 
POWER OF ATTORNEY Do you and your family have a current Power of Attorney?

18. 
ADVANCE HEALTH CARE DIRECTIVE Do you and your family have a current Advance Health Care Directive?

19. 
CHARITABLE GIVING Are your favorite causes or nonprofits included within your estate & gift plans for a bequest, planned gift, or as a primary or alternate beneficiary for life insurance or retirement plans?

20. 
TRUSTS Do you know the advantages and disadvantages of using trusts?

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