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Kalu Aja Profile picture
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19 Mar, 4 tweets, 2 min read
Mining.

Lots of power required
Generates lots of heat

That's a rig

Think of it like an inverter array but consuming power 24/7. This only makes sense because BTC is near $60 a pop.
Dummies guide

cryptominertips.com/how-does-crypt…
Your farm gets paid in coins

Smaller qtr but more value per coin
Package?

This crypto housing unit is on eBay for $10,900

Note fans.

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More from @FinPlanKaluAja1

Kalu Aja Profile picture
16 Feb
Read this great article;

The Algebra Of Wealth (aka How to get rich)

By Scott Galloway; Professor of Marketing at the NYU Stern School of Business.

I share key notes I took.

Enjoy.
"Rich is having passive income greater than your burn."

"The strongest signal of future success is your perseverance and resilience"

"Don't mistake focus for your "passion." People who tell you to follow your passion are already rich: Follow your talent"
He lists 4 keys to wealth

Focus
Stoicism
Time
Diversification
Read 13 tweets
Kalu Aja Profile picture
12 Feb
Ok I am going to do a trend on apps you can use to invest.

I will only recommend what I use
First off, don’t invest in what you have no knowledge of, thus DO NOT buy shares without understanding how shares work, or where your returns come from.

I did a nice webinar on this. This is the YouTube link

 
To buy shares you need a traditional broker or a FINTECH app. Most brokers today also have online trading platforms. The Nigerian Stock Exchange publishes a list of active stockbrokers on their site.

ONLY TRADE WITH ACTIVE LICENSES

nse.com.ng/dealing-member…
Read 8 tweets
Kalu Aja Profile picture
7 Feb
1. The price and the value of a stock are different

Price = how much you pay
Value = what stock is worth

Buy when Price < Value
Sell when Price > Value

The question in investing is determining the value

What is the value of a tree?

Fruits?
Cost of seed?
Value as firewood?
The price of a stock is forward looking.

It reflects the "vote" of investors. If investors believe the company will make more revenue and profit IN FUTURE, the price today will go up even if the company has no profits TODAY.

The stock market is a voting machine.
Over the long-term, the value of the company will reflect the earnings of the company.

Value and earning will correlate unless the company grows future revenues by

Acquisition
Internal reorganization to cut cost
External laws that favor company
Read 9 tweets
Kalu Aja Profile picture
6 Feb
This is Keith.

He was mastermind of that Gamestop short squeeze.

He has a CFA.

This is not some amateurs throwing darts on a stock table.... Image
This is Ryan

Made $90m a day, (yes every 24 hrs) on his $75m capital investment.

No, he is not a hedge fund guy Image
These are Richard and Brian

They bought 5% of Gamestop at $10 a share....made about $700m

Yes they are hedge fund guys....but they were buying Image
Read 4 tweets
Kalu Aja Profile picture
21 Jan
Wealth is many thing

It's location.
It's relationships
It's luck
Its hard work

Off all, the easiest is relationships I.e you marry or are born into wealth

Next? It's location

A 26 year old in America can buy a car and small house earning minimum wage with a high credit score
When he is 35, he can get married and either sell his small flat or rent it out, then buy a larger house using his small house as "equity"

He can buy a bigger car on a car note, if in an emergency or another opportunity opens, he can use his current home as cash collateral
Thus he builds buildstion-indexed wealth. As home value rises with inflation.

He can pay unexpected medical bills with his credit card. He finds a great house in Florida, buys with new loan.

When he retires at 65, he sells first home, moves to Florida.

With $500,000 no debt.
Read 6 tweets
Kalu Aja Profile picture
16 Jan
Some 2021goals

1. educate yourself on how money works.....read about money, investing, budgets, etc.

.
2. calculate how much cash you have to pay bills if you lose your job, get a figure in days/months. Have a plan to save/extend that figure as much as possible. for example, if you have just 1 week of "emergency funds" have a target to extend it to three months.
3. cut down on unnecessary spending, get a budget, stick to it.

4. Look for multiple sources of income, if you have 2 cars, start a private Uber, if you have a free boys quarters, rent it out, monetize your assets.

5.have zero debt

6. Earn foreign exchange, export something
Read 4 tweets

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