Business Digest August 4, 2025

#BusinessDigestWithDrEIS

On BU$I₦£$$ DIG£$T this morning, August 4, 2025
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WHAT IS YOUR MINIMUM ACCOUNT BALANCE?

Coming from the banking industry, I can relate with the above and I do know many reading this can also relate.

This is a deep financial management lesson we all need to learn.

Let me rephrase again;

How much cash flow will you have to consider yourself broke?

In the banks, ₦1,000, ₦5,000 etc. could be a minimum balance depending on the type of account you are operating.

But in reality of financial management, we should ordinarily create our own minimum account balance.

So, how much have you grown financially to create and determine your unique minimum balance?

Is it ₦10,000? Is it ₦100,000? Or Is it ₦1,000,000 or even more?

This is similar to what we also refer to as Financial Thermostat, which means there is a level where you will reach to begin to act with some Financial Sense. There is a kind of money people can’t have, they will simply mismanage their resources.

The crux of the matter here is, grow your financial intelligence, grow your financial capacity, increase the level of your financial thermostat and them determine your own unique minimum account balance and you will be able to handle all financial needs within your budget at all times.

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Business Digest….your indispensable daily business companion.
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Yours-In-Entrepreneurship
*_Dr. Emmanuel Idenyi Shaibu_*
_animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA, FCCFI, FCALM-UK, CCFIP, CNA_
The Millennium Entrepreneur!
*MakingAMarkGlobally*