Modou Finance and Audit Consulting

Modou Finance and Audit Consulting A firm believer of hardwork, integrity, and respect. A practicing Internal Auditor and aspiring Chartered Accountant and Auditor.

01/01/2026

Just like in big business is end of year the right time to assess your individual financial performance and health.

how much have you increase your incomes versus how much of that is invested in to revenue generating assets unlike expensing assets such as loans to buy vehicles or items which has no potential return on investment

One is financially healthy if surprised events or expenditures can be taken care of from your savings or assets (items you own and have full control) without relying on external support.

Going into 2026 ensure the following are applied to help you in maintaining a healthy financial situation:
1. Avoid unnecessary expenditure, spend within your means.
2. Avoid unnecessary loans especially non revenue generating assets such cars etc. however it's advisable to use loans for businesses opportunity don't use the loan proceeds otherwise.
3. Look at alternatives and be innovative to increase your income. You can archive this by persuing new skills, knowledge or develop products or services with differentiation ( don't copy your compeitor introduce unique products and services).

4. Don't leave your funds ( money ) lying idle in banks , invest it to keep up with inflation (products and service price rises) . You can invest it fixed deposits government bonds or buy and sell products for profits.

5. More importantly reach out to a financial adviser to guide you with expertise.

Happy New Year 2026 may this year be the best yet

Modou A Bah
Professional Accountant
Personal Financial Adviser
Business Adviser
Internal Audit Consultant

This is the guy who was once broke. His company almost went to bankruptcy. You might already be guessing what happened n...
03/10/2025

This is the guy who was once broke. His company almost went to bankruptcy. You might already be guessing what happened next . From the brink of bankruptcy to no.1 globally with close to half a trillions net worth. All of this is possible because of risk taking. There is no growth in your comfort zone go all out or go home.

13/04/2025

Why and how do businesses s/Individuals go Bankrupt ?

Bankruptcy means when a business or an individual cannot survive by themselves , this includes your business does not have the money to pay for rent , salaries , buy goods and services etc
@ the individual level it means you dont have the money to buy food , pay your rent and taxi fares and leisures.

How does a business or individual get to this stage? Starting with a business the obvious answer is poor financial management such as creating budget, a budget is simply an estimate of a businesses's Sales/Income and expenditure. Unnecessary spending which is not critcal for the business , this could tie your money because of lack of sales..
@ the individual level it maybe due to unemployment and unfair income from employers especially where employers are not regulated and the last one is wasteful spending as well as the lack of a budget. A budget is an estimate of your spending for a period against your income, lets say you earn GMD8,500.00 your budget should be within the same amount.
Key advice is , as a business ensure to create a realistic budget and prioritize your expenditure , the same goes for an individual..in short you should spend base on your income and explore areas to increase your income we are all gifted by God in our own ways.
Freelance Financial Adviser/Consultant

11/04/2025

I welcome all of you to my page, stay tune to upcoming analysis, personal and professional views and insights on value creation, risk Management, internal Auditing and business development.

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