Jeffrey Pounds

I help coaches impart more lives without increasing their work load, through digital products.
I also make the tech stuff easy to implement.
Click on the link ⬇

[Jeffrey Pounds @thejeffpounds]

From now onward I'll be going back to "Tech Jeff" fully.

"Marketing Jeff" will be on vacation for awhile. I have to do some MONK MODE STUFF to take my tech career to ANOTHER LEVEL.

I'll be more active here - @codedjeff

Reach out to me there if you need anything.
See you soon.

[Jeffrey Pounds @thejeffpounds]

#pepe is launching soon

[Hood Pepe @hoodpepe_]

https://t.co/Ximg4W0CL1

[Jeffrey Pounds @thejeffpounds]

@hoodpepe_ #pepe

[Jeffrey Pounds @thejeffpounds]

@hoodpepe_ #hoodpepe #hoodpepeart

[Osaretin Victor Asemota @asemota]

I talk to a lot of young people who explain new ways of making money to me that I have never heard of before. They are also quite successful in these niches, which helps them amass serious wealth. The most consistent problem they have is with human relationships.

It seems that to be very good at what you do, relationships eventually suffer. Pep Guardiola became estranged from his wife because of his dedication to football. So many people I know who are obsessive high achievers frequently have multiple failed marriages.

Most of the time, they go into relationships promising heaven and earth but end up putting their partners in the background and prioritizing their passion for work over all else.

Sadly, both sides are already driven too far apart before they admit that there is a problem. I lost an 8-year relationship once because work came first before anything else. If you ask me if I would do things differently all over again, to be honest, I would not. I should have ended things early.

Choosing your career and success over relationships when you are younger and have opportunities should not make you feel guilty. The problem comes when you have no exit plan. The reason most relationships fail with workaholics is that they have no exit or retirement plan.

Two things forced me to slow down. Health issues and losing money. Without those two things happening, I would have driven everyone around me miserable. The pandemic also saved many relationships, as we were all forced to slow down and rethink everything.

Adversity is almost always a blessing in disguise.

[Osaretin Victor Asemota @asemota]

You can't leapfrog the basics and expect miracles to happen. You would only be leapfrogging into chaos. Maybe that should be the title of my next article. The leapfrogging thesis didn't work for e-commerce, which is why VC moved into payments as a prerequisite.

Payments have now reached their limits, as they are facing a double whammy: talent foundations and a lack of digital penetration into the merchant space.

The next round of investments will go into fixing that, and it will keep repeating in cycles until we are somewhere. It ends up being more expensive than just spending money to lay the initial foundations.

[Osaretin Victor Asemota @asemota]

The talent pipeline problem is a symptom. VC was the wrong model for African tech; it created unsustainable expectations from a market that has long been fractured since the 90s. Japa didn't start today; the first wave was in the late 90s. Money never fixed the foundational issues because it only went to the top.

Strangely, the very first venture-backed company in these parts, founded by @ChifeDr, was working with educational institutions to strengthen their processes. It was funded by the IFC's APDF thanks to @afalli.

When I researched the market for this project at the time, I identified the three priority areas for tech investment as "Education, Healthcare, and Governance." VC avoided these three areas and went to fintech because that is what VC does. We needed different funding models for them, similar to what the IFC did with Socketworks.

Before they committed a cent, we did research and identified the long-term focus areas. Before Google started operating in Africa, we also helped them with research on market maturity. Google saw the gaps and invested in building from the bottom, also starting with access for educational institutions before developer communities. How many VC companies are funding market research and market-building initiatives?

I have more to write on this, but let me first go find my daily 2k.

[Osaretin Victor Asemota @asemota]

This is the truth. Many younger people across America are doing this. This is not just about Silicon Valley alone. Africans should take note and not buy into Silicon Valley IPO hype. DeepSeek and others are cheap and fantastic when you have to build with AI.

cc: @MafiaSlice @404secnotfound

[Power BI Project Club @PowerBIPC]

The April Data Visualization Challenge is still on

If you haven’t joined yet, there’s still time to work on your project, build your portfolio, and share your insights using Power BI 💙

#powerbi

[Kalu Aja @FinPlanKaluAja1]

Your salary increases, but your lifestyle increases faster.

New phone. New car. New rent. New “flex”.

Stop it!!!

Live like your salary is 30–40% lower than what you actually earn. Save and invest the difference aggressively. That one decision will change your financial destiny in 5 years.

Discipline > Income.

[Grey @jgreyfriend]

• be Konosuke Matsushita
• born into a wealthy Japanese family in 1894
• your father gambles the entire family fortune on the rice market and loses everything when you are 4 years old
• forced to drop out of school at age 9 to sweep floors in a bicycle shop just to survive
• you look around and realize electricity is the future, so you join the Osaka Electric Light Company and quickly become their youngest inspector
• at 22, you invent an improved, highly efficient light socket in your spare time
• you show it to your boss. He tells you it's useless and will never sell.
• most people would accept the rejection and stay at the safe corporate job
• you immediately quit, take your life savings of 100 yen, and start a company in your tiny dirt-floor apartment with your wife and teenage brother-in-law
• you nearly starve. You literally have to pawn your wife’s kimono just to buy food.
• finally, you get a hit with a two-way socket, but you notice a bigger problem: bicycle lamps in 1920s Japan use candles, which constantly blow out in the wind
• you engineer a bullet-shaped, battery-powered bicycle lamp that lasts for 40 hours
• you take it to the massive wholesalers. They laugh at you and refuse to stock it.
• you execute the ultimate asymmetric marketing hack: you completely bypass the gatekeepers
• you take the lamps directly to local bicycle shop owners, leave them in the stores for *free*, and tell them: "Turn it on. If it stays lit, pay me. If it dies, keep it."
• the lamps work perfectly. The public goes crazy. You have successfully hacked the distribution network.
• you formulate the "Water-Tap Philosophy": the stoic belief that an entrepreneur's duty is not just to make money, but to mass-produce goods until they are as cheap and abundant as tap water, eradicating poverty through sheer industrial scale
• WWII happens. The Allies dismantle your massive company and order you to be fired and purged from the industry.
• your own factory workers—who you treated with radical respect instead of viewing them as disposable cogs—literally protest the US military government
• your union petitions General Douglas MacArthur himself, demanding you be reinstated as CEO
• the US military is so confused by a labor union fighting *for* their corporate boss that they actually agree
• you rebuild from the ashes to create **Panasonic**
• live to 94, leaving behind a legacy built on the idea that business is a philosophical pursuit of human betterment

"If you make an honest mistake, I will forgive you. But if you compromise on our core values, I will fire you."

[Jeffrey Pounds @thejeffpounds]

Tried friendship doesn't require needless obligations.

[Osaretin Victor Asemota @asemota]

There was a time in my life when I was very active in making contributions to bereaved people and giving wedding presents. When it came to my turn, only my very close friends came to my wedding, and when my father died, nobody sent me anything.

I didn't keep score or plan revenge or anything; I just stopped doing what I used to do because I realized it didn't make any difference whether people contributed or not. I was even happy that they did not.

I planned my wedding together with my wife and her family, and I was happy my friends joined us. We did my father's funeral quickly and got it out of the way because it was a very sad period for my family, and the conflict over property didn't help matters.

The crazy thing is that there are people who still bear the guilt of not being able to assist, and I keep telling them that all is well, but they don't seem to believe me. I never want to guilt people into believing that they owe me because I also try not to get into positions where I feel too indebted.

The beauty of friendship is that things should flow normally and uninterrupted; it should not be a burden. Some African friendships sometimes become burdens as there are too many obligations and expectations.

Family is another thing I have now learned how to handle. I don't expect too much from family members anymore. They should live their lives in peace. I used to hold a grudge against some family members over some meaningless things, and I wasn't happy that they didn't show up at my father's funeral, but that is all in the past now. It didn't make any difference.

My cofounder and friend of 35 years died and was cremated in australia and I was not there. I started to feel guilty, but I realized that if he were alive, he would have understood the headache of getting a visa and planning the trip. The beauty of our friendship over 35 years was that we did not place needless burdens and obligations on each other.

I still plan to go visit his family there soon, but it will be after the world has settled down and flights make sense. I wish I had made this trip much earlier, as we had planned, but I also know that Salil would understand. He was a truly great friend.

[Jeffrey Pounds @thejeffpounds]

People live their lives based on external validation without realizing it.
Imagine how many children have died because parents refused transfusion that would've saved them.

[David Hundeyin @DavidHundeyin]

I remember back in 2006 when my older brother was a 5th year medical student at Korle Bu and he caused a big family quarrel during a brief holiday in Lagos where he mentioned casually that he regularly administered blood transfusions to his patients.

My dad believed that as a Jehovah Witness, my brother should decline to take part in any medical procedure involving blood transfusion on religious grounds. He didn't even want to know whether such a refusal was even possible under the terms of medical practise (it isn't) - all he knew was that 12 white men in Brooklyn who regularly spoke to "Jehovah" had decreed it so, and how dare us children from a JW family not prioritise those instructions over everything else.

And because he convinced himself that his placenta was tied to these stupid Jehovah's Witnesses, he went on to lose his whole family that he spent decades building an empire for, and he died rich, miserable and alone. His first child got married and didn't even inform him because she knew he wouldn't approve. His 2nd child (my brother) invited him to his wedding and he declined because the bride was Catholic. His 4th child (me) got married and he was also absent, and he never met any of the 2 grandchildren he had before he died confused and heartbroken.

And after thoroughly fucking up his life, the cult just wakes up one day and changes the entire fundamental doctrine that made him go to war with his own children. There is no way to quantify the damage that has been caused here, and even if there were, oyibo man is definitely never going to pay.

As in my dad's case and in the case of every other brainwashed, spiritually lost black person, African wey no gree get sense, na oyibo go kill am.

All we can do is cry over spilled milk now.

[Osaretin Victor Asemota @asemota]

A Jewish guy called Jacob finds himself in dire trouble.
His business has gone bust, and he’s in serious financial trouble. He’s so desperate that he decides to ask God for help.

He goes into the synagogue and begins to pray, “God, please help me, I’ve lost my business, and if I don’t get some money, I'm going to lose my house as well, please let me win the lotto”.

Lotto night comes, and somebody else wins it. Jacob goes back to the synagogue. “God, please let me win the lotto, I’ve lost my business, my house, and I'm going to lose my car as well”.

Lotto night comes, and Jacob still has no luck!! Back to the synagogue. “My God, why have you forsaken me?? I’ve lost my business, my house, my car, and my wife and children are starving. I don’t often ask you for help, and I have always been a good servant to you. Why won’t you just let me win the lotto this one time so I can get my life back in order???”

Suddenly, there is a blinding flash of light as the heavens open, and Jacob hears a voice:
“JACOB, MEET ME HALF WAY ON THIS ONE, BUY A TICKET!”

I always remember this joke when I am praying for something, and the answers come to me in prayer as action items. There are always opportunities to get out of problems and be great; we just have to learn to invert situations to see them.

[Kalu Aja @FinPlanKaluAja1]

There is nothing new in economics or finance. It's just how it's said. It's made to sound sophisticated so you can be charged a fee.

IPO = Sell shares for first time
Bond = borrow
Leverage = borrow
Short = sell
Long = buy
Quantitative Easing = Central Bank buying
Stimulus = spend
Equities = own a part of
T-Bills = borrow short term
Fixed Deposit = lend to bank
Commercial Paper = lend to non-bank
Securitize = issue IOU

[Kalu Aja @FinPlanKaluAja1]

Stan Kroenke owns Arsenal FC

How does Stan do tax avoidance?

He bought Arsenal, which sells players at a loss. No 😇

Rather, he buys land in America for cattle ranches and conservation.

1. Stan buys land for cattle ranches via federal Bureau of Land Management (BLM) allotments at deeply discounted rates of nearly 90%

2. Property taxes are based on productive capacity rather than full market value, leading to substantial reductions. This means you pay tax on what you operate, not what you own. Thus, you can own 100,000 hectares, put two cows, and pay tax on two cows

3. Ranching expenses, e.g., feed for livestock, can generate losses offset against other income. So Stan can earn profits from Arsenal and write off against “cows”

I am writing this to show you that tax avoidance is a living exercise. It's not by reading a tax law like a robot. It's need innovative minds to read a tax law and find loopholes. I worked in private banking, this is what it's about, shielding assets from dissipation

If your accountant can't show you how to avoid taxes, find one that will.

[Rufybaba @Rufyb]

Microfinance banks like Vbank and Fairmoney engage in direct lending, which allows them to generate significantly higher asset yields, sometimes as high as 60% per annum. "Only" direct lending can deliver such returns.

Because of these relatively high asset yields, these institutions can afford to offer funders, depositors, and investors more attractive rates on their investments and deposits.

Piggyvest, on the other hand, operates as an asset manager. Asset managers cannot engage in direct lending (though they can invest in private notes), and consequently, they earn much lower asset yields that reflect their more conservative risk profile.

However, understand the trade-off. When microfinance banks lend, they expose their capital to significantly greater risk. Loans can default, leaving lenders vulnerable to poor asset quality. When these loans go bad, the microfinance banks must absorb the losses using their own capital reserves.

Therefore, before committing funds to investment accounts offering 23%, 25%, or 30% returns, be sure to assess how well-capitalised the lender is. Strong capitalisation provides a buffer against loan defaults and protects your principal.

NB: By the way, Piggyvest's "lower rate" is not the standard. The standard/benchmark is T-bill yields.

[Chibuzor @ChibuOnwurah]

I once explained goals vs systems to my son using his room.

Every few weeks, his wardrobe and bookshelf were a mess. So he’d pull everything out and arrange it nicely. It looked great for a while.

A week later, chaos again. He hated the cycle.

Why?

Every time he took something out, he threw it back in carelessly. No structure. No consistency. So no matter how well things were arranged, the default state was always disorder.

I showed him my wardrobe.

It stays arranged for months. Not because I do big cleanups, but because every time I put something back, I put it back properly. So I never need to redo everything. The default state is order.

That’s the lesson.

Achieving a goal changes your life for a moment.
Systems change your life by default.

Most people think they have a results problem. They don’t.

When you fix things at the results level, you’re treating symptoms. Temporary relief.
When you fix the system, the outputs take care of themselves.

This applies to habits. To careers. To businesses. To life.

Don’t obsess over winning once.
Build systems that make winning the normal state.

[Jeffrey Pounds @thejeffpounds]

Will this ever end?

[ASUU NIGERIA @asuunews]

ALL UNIVERSITY WILL BE CLOSED NATIONWIDE TILL FURTHER NOTICE ON FRIDAY!

[Mr. Czar @Mrczar_]

Form Investment groups with your friends. pool funds together & do Investments - Build night clubs, Buy Ships, Invest in fleets of haulage Trailers, Get into Real Estates, Buy Out struggling banks.

See the way your heart is beating reading this? Exactly - that is how exciting this will be.

I have realised that this is the way people like us that did not come from money go on to play in big leagues. They pool resources together.

In fact, you could buy one house with your friends for 80M. Use that house as collateral to raise 160M. Get 2 more houses. Now you have 3.

Put them all out as shortlet. Run ads. Fill the houses up.

Payout your loans as soon as possible, and if business is good - put up all THREE, get more loans....get more houses.

By the 5th year you could pay out all the loan, sell all the houses (if you want) - have bulk money to play a bigger game, or keep using as collateral to buy more. Of course, you don't have to be reckless with this - make sure you employ professionals to advise.

...anything is possible when you have great friends, stop coming together only to chase women.

[Osaretin Victor Asemota @asemota]

Consuming expensive American culture with cheap Chinese tech products. The African tragedy.