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Financial lessons we can learn from Singapore’s food supply

Credit: The Woke Salaryman
And it’s a wrap

Credit The Woke Salaryman
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Money Africa
@themoneyafrica
$30 and you.

Oil markets have tanked with prices hitting the $30 mark. Equity markets across the globe are also tanking. So how does this affect Nigeria and you?
The drop in price is largely due to two factors: Lower demand due to the corona virus and what seems to be the start of a price war between Saudi Arabia and Russia.
For oil producing countries, cutting production volumes is a way of keeping the price of crude in a band.

Russia has declined doing so as a form of retaliation against US shale producers.
Read 11 tweets
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Money Africa
@themoneyafrica
Many people say they do not understand compounding but let’s look at it this way.

Imagine you get 1 extra cloth for every 10 clothes in your closet.
And each time you buy new clothes the concept continues replicating
So let’s say you started year 1 with 30 clothes and you add 10 clothes every year

At the beginning of year 2
You would have
33 clothes (30 clothes + 3 clothes)

At the end of year 2
You would have
33 clothes + 10 clothes + 1 cloth( the new 10) + 3.3 clothes (on the 33)= 47.3
By the end of year 5
You would have 99.1 clothes

This is the power of compounding
The interesting part is you already do this with your clothes

Without the interest of course. So why not channel the energy of consistency to investing and enjoy compounding
Interest on interest
Read 6 tweets
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Money Africa
@themoneyafrica
Where is the leak?
Where did all the money go? This is a question a lot of people tend to ask, few weeks after they've been paid. If you can't keep track of your expenses, you would not be able to identify your financial leaks.
A leak can come from something you buy often with an amount that's mostly negligible. Leaks are often tied to habits you indulge in or things you consume consistently.
Read 7 tweets

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