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.
We brought back baggy jeans, Polaroid cameras, and vinyl records. Can we bring back basic human empathy too? The way it’s become so rare is concerning.
Private equity is when wealthy individuals or investment firms buy companies that are not publicly traded on the stock market, improve them, and later sell them for a profit.
Here's a simple example:
Imagine a bakery is worth ₦10 million, but it is poorly managed.
A private equity firm buys the bakery.
They hire better managers, expand to more locations, reduce unnecessary costs, and increase profits.
Five years later, the bakery is worth ₦50 million.
The firm sells it and makes a profit.
Think of it like this:
Private equity is like buying an old house, renovating it to make it more valuable, and then selling it at a higher price.
The difference is that instead of houses, private equity firms buy and improve businesses.
@jayhemz Bill them based on services you have rendered and nothing short, if you think shorting yourself to please them will make them help you or elevate you, I bet you're going to die in penury.
Getting rich and staying rich are opposite skills.
Getting rich takes optimism, risk and conviction.
Staying rich takes paranoia, humility and the willingness to look like a coward.
Most people who hit it big go broke because they keep using the skill that made the money to try to keep it, know which game you’re playing.
Money isn’t a separate game from life. It’s just the most measurable form of patience.
If you can’t be patient, no income will save you. If you can, no setback will end you.
In the game of power, those that helped you rise are termed the structures of your ascension. And those that deemed themselves as ‘loyalists’ after you’ve risen remain in the crowd. Their loyalty carries no weight. Just calculative allegiance to get gains from you. And you must know when you’ve gotten to the heights of success, love and loyalty becomes scare. All what you’ll see is pretension.
I hit rock bottom after squandering all my savings in reckless financial decisions.
The advice I'll give:
1. Go home. Could be your actual home or wherever feels like home.
2. Eat all you can. Just survive first.
3. Run to a company of men, you'll see that your story isn't unique. My cousin, Chuka, really came through for me and other close friends. Can never forget but I had to open up.
4. Read the book, "Man's Search for Meaning" to put your 'suffering' in context.
5. Pray a prayer of Thanksgiving. Especially if your rock bottom didn't come with a sickness or disease, you can't thank God enough. Just stay grateful without asking for anything for like 4 weeks straight.
6. Know that rebuilding is part of the process and take each day at a time.
Still recovering but the above really helped me.
3 things you MUST know;
1. do not lodge in a hotel that has a mirror facing the bed.
2. suspend time while taking any picture. how? pause your breath till the picture is taken. a picture is you in another dimension. when you do this, you will be lifeless in that dimension and that particular picture can’t be used to harm you.
3. avoid eating leftovers or using remnant water to bath again. near success syndrome is real and that’s the consequence for that.
4. do not give certain apps access or permission to microphone, else you will be monitored remotely. ever noticed how ads or your fyp are most times tailored to your real time cravings, offline conversations or activities? think again.
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buena suerte 👍
Opening Twitter immediately after waking up to check the state of the world is basically our generation’s version of our grandfathers reading the newspaper every morning.
Today I learned that in English:
words starting with "gl-" often relate to light: gleam, glint, glance, glare, glaze, glimpse, glitter, gloss, glower, glisten, glaze, glitz, glazed.
words starting with "sn-" often relate to nose: sniff, sneeze, snuff, snore, snort, snot.