Akwere Essien

Founder, InvestaMall Financial Associates||Chartered Accountant||Certified Financial Analyst||Banker||Talking Money/Investing/Tax||Saxophonist||Marries Chibuzor

[therealchurchgist @therealchurchg1]

The Reality Of Northern Church. Hear what an indigenous pastor from BORNO STATE said.

[Akwere Essien @AkwereEssien]

@eboayodeji @FinPlanKaluAja1 @BBoason @togunjobiTVC @Rotankwot @proshare The closeness btw 'Subscription' and 'Allotment' compared to 'Offer' is crazy

[Excel Dictionary @exceldictionary]

How to highlight the active row in a data table. 🤓

[Akwere Essien @AkwereEssien]

@AnalyticscodeX @parthiban_masi @exceldictionary I couldn't see the last click in the VBA dialog box, pls

[Ayodeji Ebo Ph.D @eboayodeji]

Nigeria’s Real Gross Domestic Product (GDP) grew by 2.54% YoY in Q3:2023, This growth rate is higher than the 2.25% YoY recorded in Q3:2022 and higher than Q2:2023 growth of 2.51% YoY. Non-oil contributed 94.5% vs oil 5.5% to the GDP.

#nigeriaeconomy #gdp

[Akwere Essien @AkwereEssien]

@NsuhoridemAkpan Which statistical theory or analysis is that, bro?

[Excel Dictionary @exceldictionary]

How to auto-highlight the active cell’s row and column using VBA. 🤯

[Akwere Essien @AkwereEssien]

@exceleducations 256

[Akwere Essien @AkwereEssien]

@asemota 57.6billionNGN

[Akwere Essien @AkwereEssien]

@heyronir Excel

[Akwere Essien @AkwereEssien]

@MalachyOdo1 Your last paragraph said it all, though

[Akwere Essien @AkwereEssien]

Super

[Stock Market Scientist™ @MarketScientist]

Personal Finance Rules💰

Spare few minutes to read some useful & very important rules of personal finance ⬇️

1. Rule of 72 (Double Your Money)
2. Rule of 114 (Triple)
3. Rule of 144 (Quadruple)
4. Rule of 70 (Inflation)
5. 50-30-20 Rule
6. 3X Emergency Rule
7. 40℅ EMI Rule
8. Life Insurance Rule

1. Rule of 72:
No. of yrs required to double your money at a given rate, U just divide 72 by interest rate
Eg, if U want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs

At 6% rate, it will take 12 yrs
At 9% rate, it will take 8 yrs

2.Rule of 114:
No. of years required to triple your money at a given rate, U just divide 114 by interest rate.

For example, if you want to know how long it will take to triple your money at 12% interest, divide 114 by 12 and get 9.5 years
At 6% interest rate, it will take 19yrs

3.Rule of 144:
No. of years required to, quadruple your money at a given rate, U just divide 144 by interest rate.
(For eg, if you want to know how long it will take to quadruple your money at 12% interest, divide 144 by 12 and get 12 yrs
At a 6% interest rate, it will take 24yrs

4. Rule of 70:
Divide 70 by the current inflation rate to know how fast the value of your investment will get reduced to half its present value.
The inflation rate of 7% will reduce the value of your money to half in 10 years.

5. 50-30-20 Rule:Allocation
Divide your income into
50℅ - Needs - Groceries, rent, EMI
30℅ - Wants - Entertainment, vacations, etc
20℅ - Savings - Equity, MFs, Debt, FD, etc
At least try to save 20℅ of your income.
You can definitely save more

6. 3X Emergency Rule:
Always put at least 3 times your monthly income in Emergency funds for emergencies such as loss of employment, medical emergency, etc.
You can have around 6 X Monthly Income to be on a safer side

7. 40℅ EMI Rule:
Never go beyond 40℅ of your income into EMIs.
Say you earn, 50,000 per month. So you should not have EMIs of more than 20,000.
This Rule is generally used by Finance companies to provide loans. You can use it to manage your finances.

8. Life Insurance Rule:
Always have Sum Assured as 20 times of your Annual Income

Thank you for patiently reading the long yet important msg😃😇🙏

Retweet for larger reach🙏🙏🙏

[Akwere Essien @AkwereEssien]

@Oludeewon I have acquired work experience as banker, accountant and certified financial analyst that I believe should also be applied abroad 🤓

[Akwere Essien @AkwereEssien]

@anji_p_ @exceleducations 🤓🤓🤓🤓🤣🤣🤣

[Akwere Essien @AkwereEssien]

@exceleducations 140 balls

[Akwere Essien @AkwereEssien]

@DrJoeAbah Life is a race and everyone is running theirs specifically...keep your eyes off other's, focus on yours

[Akwere Essien @AkwereEssien]

@exceleducations 14

[Akwere Essien @AkwereEssien]

Great analysis

[SensaHealth @SensaHealth]

Procrastination is not laziness. It’s an emotional regulation problem that can contribute to stress and anxiety. Explore science-based techniques to overcome procrastination and feel better.

[Akwere Essien @AkwereEssien]

Do you remember when you joined Twitter? I do! #MyTwitterAnniversary

[The Secret CFO @SecretCFO]

Fixing a broken business is like treating a sick patient.

And giving the right treatment at the right time is important

1. CPR 🆘
2. Intensive Care 🏥
3. Rehab 📈

You don’t give CPR to a patient with a sprained ankle.

Likewise you don’t give physiotherapy to someone in cardiac arrest.

The scale of intervention needs to fit the issue at hand.

Turnarounds go through 3 stages:

1. CPR 🆘

The heart has stopped. The vital lifeblood (Cash) isn’t flowing.

Unless that problem is solved. Nothing else matters.

Unless we can get cash flowing inside X weeks, the patient is dead.

There could also be longer term damage.....or maybe not.

But that isn’t for now.

We are thinking from one minute to the next.

In this stage of turnaround, focus is 100% on survival. (And often that means cashflow)

One wrong turn at the wrong time could be fatal.

Priorities here:
- Improving cash flow
- Buy time with creditors
- Removing obstacles (change resistors)
- Close loss making businesses / projects

2. INTENSIVE CARE 🏥

The interventions at stage 1 worked.

The patient is now stable but critical.

They aren’t fixed, but we can start to expand the time horizon beyond days and weeks.

The business has the cash it needs to execute its short term plan.

But it doesn’t have any room to fail.

We are only ever one or two steps away from needing CPR again.

And with every time we go back to stage 1, the chance of success reduces.

Consistent and decisive steps in the right direction, with flawless execution.

Priorities here:
- Cull projects and narrow focus
- Stabilize top line
- Secure key team members
- Renegotiate debt
- Strip all fat from cost base

3. REHAB 📈

The business is back on its feet, but not fixed yet.

There is some lasting damage from both the original sickness. But also from the interventions taken in stage 1 and 2.

You’ve got more leeway for wobbles here than you did at stage 1 &2.

But this stage still needs time and discipline.

Applied long and well enough, a healthy business will emerge!

Priorities here:
- Return to growth
- Maintain sustainable economic model
- Re-engage workforce for growth
- Reset strategy & internal incentive structures
- Address cultural and process failings

If you’ve been watching, you can see @elonmusk moving through these stages in Twitter.

Those first few months; headcount culls, killing projects, culling loss making ventures (revue). Painful but necessary. Stage 1 - CPR.

Now he’s getting the management team in place, and stabilizing the new look operations. Somewhere in stage 2 I guess.

He’s still gotta deal with the debt, but that’s another story altogether.