Finance (buying things on finance):

Finance is the science of funds managements that is done by the people that and own banks, finance includes saving of money and lending money.

The field of finance deals with the concept of time, money, and risk, and it also deals with how these three (money, time and risk) interrelate with each other.

In this realm of finance the concept of spending and budgeting is also dealt with.

When people individual people and business organisations deposit money in the bank, the bank then lends the money out to other individuals or corporations for consumption or investment, and charges interest on the loans that they lend out.

Loans given to individual people:

The loans that are given to individual people are loans, that people can claim; for example; if someone wants to buy a new house, a new car, or material things that he cannot afford to buy or pay off by cash (money), then the bank can look into the amount of the money that he or she receive as a monthly or weekly salary.

And through her salary; (she must have a job) that qualifies her to get the loan, and every month when she gets her payment, the bank has the legal right to redact off the percentage of their loan and the interest off her payment or salary.

Now; the tricky part of this loan is the interest, which can increase in the times of percentage rate changes, and these changes can make it hard for the borrower to be able to pay off the loan.

Today people are living a life style that is enslaved by lenders that give loans to ignorant clients, who are living a materialistic life, (a life style of wanting to own things, that they do not have the capacity to maintain, living above the value of their salary or income).

Loans given to investor or lenders:

The bank also gives out loans on interest to investors, who also do business through lending to other cooperation’s or individual people, and most of these investor including the bank itself never inform their individual clients who do not know the monopoly of business, that the managing of finances functions on these three concepts,

and without understanding and honoring them, it will be so hard to succeed in the realm of finance. The 1st one is time, the 2nd one is money, the 3rd one is risk

1: Time (honoring the spiritual agents that understands the seasons and the laws that governs the universe or time in within the system of finance),

2: Money (a medium of exchange that can channel someone’s feelings and desires to the evil motives or godly purpose of the one that is selling the products).

3: Risk (the future events that contains a value of negative or positive effects that may occur from the incurring of a cost or buying of something).

By Apostle A. Ngabo