A letter from your salary.
Dear boss, I need to confess something. I arrive on the 25th excited to change your life, and by the 3rd I am usually dead.
It’s not rent that kills me. Rent is honest. It’s the hundred small exits nobody writes down, the transfers too little to matter, the enjoyment that was never in any plan.
Send part of me somewhere I can grow before we meet again. I’m tired of dying young.
Yours faithfully, The 25th.
An iPhone 17 Pro Max has been sealed inside a time capsule, to be re-opened in year 2276 (250yrs time) To see if the technology will still be relevant.
Peter Obi has revealed that after visiting Governor Seyi Makinde in Ibadan on July 3 to express solidarity over the Oyo school kidnapping, he was shocked to discover that President Tinubu had not made a single phone call to Makinde in more than 50 days since the abduction.
GTCO. My main reason is that the management team understands Nigeria’s banking ecosystem better than most.
Most Nigerian banks still rely heavily on traditional banking, collecting depositors' money and lending it to businesses and individuals for interest. The problem with this model in Nigeria is that high interest rates combined with poor infrastructure mean most borrowers will default, causing banks' loan books to pile up with non-performing loans (NPLs).
In 2011, Warren Buffett’s Berkshire put $5 billion into Bank of America, when the bank was drowning in crisis-era lawsuits and everybody was fleeing.
The position eventually grew into tens of billions and became one of Berkshire’s largest holdings ever.
He wasn’t braver than everyone. He’d simply read the balance sheet everyone else was too frightened to open.
Courage in markets is mostly homework wearing a cape.
Peter Lynch returned 29% annually between 1977 and 1990.
That turned $10k into $260k.
Yet, during that AMAZING run, his fund dropped:
📉 10%: 15 times
📉 15%: 6 times
📉 20%: 4 times
📉 35%: 1 time
AND was below its recent high more than 50% of the time.
Volatility is normal.
If a financial guru has a strategy that consistently yields outsized returns, they would go to an investment bank or raise a hedge fund rather than seek funds from social media
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Dangote is worth tens of billions of dollars. He does not have tens of billions sitting in any account.
His wealth is shares. Ownership stakes, priced daily by the market.
And when billionaires need cash, they rarely sell. They borrow against the shares. Selling ends the compounding and triggers tax. Borrowing keeps the asset growing while freeing the money.
Now you understand the game: the poor sell assets to solve problems. The rich borrow against assets and let the assets keep working.
₦10,000 monthly into assets averaging 15% a year.
Year 10: you’ve put in ₦1.2m. It’s worth about ₦2.7m.
Year 20: you’ve put in ₦2.4m. It’s worth about ₦15m.
Year 30: you’ve put in ₦3.6m. It’s worth about ₦69m.
Compounding feels like a scam for the first decade. Then it feels like magic. Most people quit inside the scam years.