![Financial Red Flags To Watch Out For Financial Red Flags To Watch Out For](https://i0.wp.com/bizwatchnigeria.ng/wp-content/uploads/2023/07/BWN-conversations-July-1.jpg?resize=696%2C696&ssl=1)
It’s called a ‘red flag’ because the colour ‘red’ is not something you can miss. There’s a reason why the colour has a spot on a traffic light. Red means ‘stop’.
According to Readers Digest “Red is the color with the longest wavelength; that means that as it travels through air molecules, it gets diffused less than other colors, so it can be seen from a greater distance”.
In other words, red can be seen from any distance. Now tell me why you did not see the red flag in that brother or sister or did you choose to ignore it?
Red flag could be a bad habit, a deal breaker, something that should not be ignored, something that should be addressed or worked on. In relationships there are red flags, it differs for different people but at the end of the day it is still called a ‘red flag’.
When it comes to your finances and that of your partner’s what colour is the flag? Is it red (danger), yellow (just there) or green (we’re very good). Have you and your partner discussed your finances?
Financial red flags were discussed during BizWatch Nigeria’s (BWN) social media conversation which held on July 20, 2023 at 7 pm WAT via Instagram and Twitter.
The session tagged “Financial Red Flags in Relationships: Warning Signs To Watch Out For” analyzed financial issues/red flags and the warning signs.
To all the single pringles, fear not you were ably well represented by the moderated; Adepeju Aina 😊.
Financial Red Flags in Relationships: Warning Signs To Watch Out For
- A chronic stingy person
- Reckless spending
- Aggressive borrowing
- Illegal means of income
- No savings or investment
To find out more financial red flags, how to spot them and financial tips for relationships, check out the full clip.
Panelists
BizWatch Nigeria brought together season professionals and experts for the conversation.
The Kolades
![](https://i0.wp.com/bizwatchnigeria.ng/wp-content/uploads/2023/07/The-Kolades.jpg?resize=696%2C870&ssl=1)
Pastor Lanre Kolade (PLK) and Lady Jennifer Kolade (Lady J) are counsellors who are very passionate about helping others navigate through the mazes of life. They guide singles, intending to be married couples and married couples on how to build and enjoy a blissful marriage.
PLK is the resident pastor for the Akure branch of Celebration Church International (CCI).
Olaotan Fawehinmi
![](https://i0.wp.com/bizwatchnigeria.ng/wp-content/uploads/2023/07/Olaotan-Fawehinmi.jpg?resize=696%2C900&ssl=1)
Olaotan Fawehinmi is an author, trainer, public speaker, business enthusiast and nifty writer whose work has been featured in hghly reputable national dailies and online news portals. Olaotan is an Associate Director at Mediacraft Associates, a leading public relations firm in Nigeria.
Adepeju Aina
![](https://i0.wp.com/bizwatchnigeria.ng/wp-content/uploads/2023/07/image-13.png?resize=696%2C597&ssl=1)
Adepeju Aina is a multi-talented writer, content creator, photographer, and videographer for BizWatch Nigeria, passionately driving societal growth. Adepeju effortlessly balances moderation for events and captivating hosting of social media conversations, weaving connections through her creative lens. She is hopes to ’empower minds and foster change, one story at a time.’
Remember red means ‘stop’, if you ignore it LASTMA fit hold you sha (Lagosians can relate). Ignoring a financial red flag is like preparing for a financial heartbreak or breakfast.