Viktorrr

Nigerian Personal Finance | Author, The Awakening 📖 | Man City 💙

[Viktorrr @NairaHedge]

We hire brilliant engineers. Award-winning lawyers. Chart-topping accountants

They solve complex problems for a living and earn impressive salaries.
By their late 30s and 40s, many of them are drowning in debt. Zero net worth. Still waiting for "the break."

A thread on why. 🧵1

[Viktorrr @NairaHedge]

@HadizaB85863870 While it's advisable to take risks, you also need to know your risk tolerance and know when to walk away.

Both of them is Courage & Wisdom.
Not weakness.

[Viktorrr @NairaHedge]

@Imranmuhdz That's a good report,
However, the ratio on people in the NGX in comparison to the adult population is very poor.

The truth is most people don't know, or have a skewed idea of the Stock market, or are just scared.
Either way, we need more education.

[Viktorrr @NairaHedge]

@Rufyb This is the way to go.

It's been the way ever since. A good market sells itself.
You wouldn't need to convince or force anyone to buy.

Personally, I hope we get to the point where we have 1000 companies listed on the NGX.

[Viktorrr @NairaHedge]

Buying fabric/aso-ebi at ₦8,500/yard for an event vs a similar quality at ₦6k/yard elsewhere is a 42% markup, often paid simply cus "everyone's buying from the same vendor this time"

Group pressure pricing is still pricing. Worth a 10mins price check even under social pressure

[Viktorrr @NairaHedge]

@AztecccZ @Officially_Kriz That's the prayer.

If we can hold our own,
We would implement policies that would reflect our realities.

[Viktorrr @NairaHedge]

@jideflash To get this amount you already have more than 50,000 unit shares of this particular stock.

Nice one boss.

[Viktorrr @NairaHedge]

@Tha9jaboy @TomolaGroup Indeed,

Yet we hear allegations upon allegations of missing funds.

[Viktorrr @NairaHedge]

A ₦3k weekly transfer that happens automatically, same day every week, adds up to ₦156k a year & you bcus it's scheduled rather than decided each time, it rarely gets skipped the way manual transfers do.

Automated&small beats manual & "whenever I remember," almost every time.

[Viktorrr @NairaHedge]

₦75k invested once at 15%, left for 25 years untouched, grows to roughly ₦2.47 million — no further contributions, just time doing the work.

Most people wait for a bigger amount to "make investing worth it." Time made ₦75k worth ₦2.47 million. Waiting made it worth nothing.

[Viktorrr @NairaHedge]

Watching someone else's financial wins can either motivate you or quietly convince you that you're behind. The difference is usually whether you're using their story as information or as a scoreboard.

[Viktorrr @NairaHedge]

A cash flow problem dressed up as a "bad luck" problem rarely gets fixed, because bad luck feels like it needs waiting out. A cash flow problem correctly identified as a timing or planning problem can actually be solved.

[Viktorrr @NairaHedge]

Choosing a ₦4,500 ride-hailing trip over a ₦1,200 bus alternative, twice a week "just this once," adds up to roughly ₦343k a year in the gap alone, not the total transport cost, just the premium paid for convenience.

Convenience is a real expense category.

[Viktorrr @NairaHedge]

Splitting a ₦100,000 bonus into 70% savings (₦70,000) and 30% spend (₦30,000) as a fixed rule, decided before the bonus even lands, removes the in-the-moment negotiation entirely.

Decide the split before you feel the money, not after.

[Viktorrr @NairaHedge]

@richestflexx I like that word. "FOMO'd you."

FOMO is not bad intrinsically, but the occasions where it's turned a positive are not much.

People should act based on their personal convictions and not based on "follow follow."

[Viktorrr @NairaHedge]

@Nirel01 I thought there's supposed to be some rules governing this right?
Or does it only matter when ma. City do it?

[Viktorrr @NairaHedge]

@Adikastakes I like that talks have stalled.

Man City is not Como.

They should not allow themselves to be bullied.
They rather lose him for free than bend over for Real Madrid.

[Viktorrr @NairaHedge]

@bernardooooV3 There's no creative in this team.

I hope we won't lose our identity.

[Viktorrr @NairaHedge]

@AztecccZ @Officially_Kriz Exactly.

Which is all good thing but if there's one thing I've seen over and over again, it is that these foreign bodies have a way of arm twisting African leaders.

If lobby won't do it, then threat would it, if that fails then a colour revolution.
It's their playbook.

[Viktorrr @NairaHedge]

@GloriousGod01 I think one day,
We should dedicate it to talking about our financial mistakes.

People talk about finance & wealth creation cus they want you to avoid the mistakes & pains they've lived through.

I heard about mutual funds for the first time in 2023, now I wish I knew earlier

[Viktorrr @NairaHedge]

@instablog9ja You see ehen,

Ajo is something I run away from.
You are at the mercy of someone else.

If they have an emergency.... You'll be expected to understand, or everyone will look at you as having no sympathy.

Abeg,
Do money market fund.
You can sleep at night in peace