LIFESTYLE

How To Separate Your Personal And Business Finance

Published

2 years ago

August 16, 2022

FAB.NG

If you don’t know how to keep business funds separate from personal funds, you will end up feeling frustrated.

You will keep seeing the money coming in, but won’t be able to keep track of the black hole it keeps disappearing into.

Keeping your business funds separate from your personal funds helps you know how your business is doing at every point and makes it easier to scale up your business.

Here are a few tips you need to know;

Have a budget

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Just like your personal finances, your business will need a budget.

Monitor your expenses

Not monitoring your expenses makes it hard to keep your business funds separate from your personal funds. Write down your daily business expenses, or keep track with an accounting software. Go over your expenses every week and pay back the business every time you have misappropriated funds. If you can, hire a bookkeeper/accountant.

Have a business account

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If your business is registered, and you want a business account bearing your business name, go ahead. If your business is not quite there yet, you could dedicate one of your bank accounts to be exclusively used for business purposes.

Pay yourself a salary

You’re your own boss, but paying yourself a salary makes it all the professional. It also ensures that there are funds left over to save/invest, or grow your business later on. If your business is more cyclical, you can pay yourself a certain percentage from every gig you work on.

Repay every loan

Lend money to your business just like any financial institution would, and make plans to ensure that the business pays you back.

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ENTERTAINMENT

Bobrisky Breaks Silence On Falz Defamation Claims

Published

13 hours ago

October 17, 2024

Reporter

Bobrisky Breaks Silence on Falz Defamation Claims | fab.ng

Following a 24-hour ultimatum to retract defamatory statements made against Nigerian singer Falz and his father in a viral voice note, crossdresser Bobrisky has issued a statement.

In an Instagram post on October 16, 2023, Bobrisky denied making any defamatory remarks about Falz or his father. He emphasized that he is awaiting an official response from his legal counsel before providing further details on the matter.

This statement comes in response to the serious allegations made against Bobrisky, which have sparked widespread public attention and concern.

He wrote,

“TO WHOM IT MAY CONCERN: In reply to the two letters in circulation from the Law Firm of the Falanas. I like to state for the records and pending the official reply from my counsel, state for the avoidance of doubt that I, Okuneye Idris Olanrewaju, aka Bobrisky, did not publish any defamatory statement or statements concerning the learnt SAN and his Son Falz.”

Bobrisky demands accountability from the publisher of defamatory statements against Falz and his father.

“It is in the public domain pursuant to my solicitor’s letter dated the 27th day of September 2024 that I have denied any knowledge of what VDM published. I stand by my express denial and put the matter to strict proof and advise that whoever has been defamed should hold the publisher of the defamatory content and my fundamental rights to privacy of my communications should be respected and protected.”

In another story post, Bobrisky emphasized that the responsibility lay with Verydarkman, not him.

“I OKUNEYE idris aka BOBRISKY didn’t give Falz or his dad any money for pardon. As a matter of fact no penny was given to them. Have said dis before and i will say it again. The person that published an Audio online should take fully responsible for what he posted in public. My lawyer will respond to any further information d public want to about dis ongoing issue trending on social media,” he wrote.

The controversy erupted when media personality Verydarkman released an alleged voice note from Bobrisky that quickly spread across the internet.

In this explosive recording, Bobrisky openly admitted that he had evaded prison time despite receiving a sentence for money laundering. Furthermore, the crossdresser boldly claimed that he had paid both Falz and his father to secure a pardon.

Subsequently, after the damaging voice note became public, Falz and his father’s law chambers took immediate action by issuing a stern 24-hour ultimatum to Verydarkman, demanding that he retract his statement.

However, Verydarkman remained defiant and refused to comply with their demands. As a result of his non-compliance, the legal battle intensified, leading to the court’s decisive action.

Finally, the court ruled against Verydarkman. They imposed a substantial fine of ₦500 million. Additionally, they ordered him to remove all defamatory posts related to the matter.

Get more updates here.

ENTERTAINMENT

Davido Describes “Timeless” As His Best Album

Published

20 hours ago

October 17, 2024

Reporter

Davido describes 'Timeless' as his best album | fab.ng

Davido, the Grammy-nominated singer, recently opened up about his fashion choices and upcoming album during an interview with comedian and actor Broda Shaggi at the launch of his new Puma collection. Davido also shared that his best album yet is “Timeless”.

In the interview, Davido discussed the inspirations behind his unique style. He revealed that he is drawn to urban fashion but adapts his wardrobe to suit different events and occasions. This flexibility allows him to express his personal style while remaining versatile and relevant.

“They say I like to dress like a rapper because I love urban fashion. I love wearing T-shirts, jeans, and sneakers to look comfortable. You will find me in a suit when it’s time to collect money. Sometimes, I also wear Agbada,” Davido shared.

Davido, the renowned Nigerian singer, has named his fourth album, “Timeless,” as his personal favorite. Released in March 2023, “Timeless” broke numerous streaming records on platforms like Spotify, Audiomack, Boomplay, and YouTube in Nigeria. Its exceptional success earned it a Grammy nomination for Best Global Album.

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The album also featured the hit singles “Unavailable” with Musa Keys (also nominated for a Grammy) and “Feel” (another Grammy nominee). Davido’s impressive achievements with “Timeless” have set the bar high for his future projects.

In recent interviews, Davido has expressed his ambition to surpass the success of “Timeless” with his upcoming album. This determination aligns with his previous statements made earlier this year during a visit from American content creator Kai Cenat.

As fans eagerly await Davido’s next musical endeavor, anticipation is building for his collaboration with Jamaican star YG Marley, which is expected to kick off the album’s release.

Get more updates here.

ENTERTAINMENT

People We Call Ogbanje Are Spiritually Gifted – Yul Edochie

Published

2 days ago

October 16, 2024

Reporter

Yul Edochie says Ogbanje Are Spiritually Gifted People | fab.ng

Yul Edochie, a Nollywood actor, recently opened an online ministry. On October 16, 2024, he shared a post on Instagram about people called ogbanje. Edochie expressed his views, emphasizing that these spiritually gifted individuals have lost their way.

His followers reacted sceptically to this post. Many raised their eyebrows, questioning Edochie’s stance on the topic of ogbanje. The actor’s comments sparked discussion among his audience about spiritual beliefs and the role of traditional concepts in modern society.

“Many people we call ‘Ogbanje’’are people who are spiritually gifted. And the essence of having such spiritual gift is to use it to help humanity. But because of ignorance, religion & the fear of what people will say, they keep trying to run away from who they are and by doing so their lives become messed up. Dig deep, find your true self and embrace it and you’ll realize the essence of your existence and live a fulfilled life. • YUL EDOCHIE.”

View this post on Instagram

A post shared by Yul Edochie (@yuledochie)

The actor’s post confused his followers and fans, who questioned him about his gospel ministry, which he started in January 2024.

“Pastor, what really happened???? Your Bible loss?” an Instagram user asked. “Sir, what of the Starvation Ministry?” another inquired.

“Another profession loading 🤣🤣🤣😶 Baba lawo”

“Bc u live with an ogbanje doesn’t give u the nerves to preach it to us, a GO like u dey talk like onyeuwa, Yul zukwanuike,”

“What happened to our church, did ur bible get lost?” asked another.

Yul Edochie made an interesting announcement on Tuesday, January 23, 2024.

He launched an online ministry and shared the news on social media. Edochie posted the flier to his Instagram account.

The flier contained details about his “True Salvation Ministry”. He invited his fans to attend the online services. This move surprised many of his followers, who knew him primarily as an actor.

Check out more updates here.