Corporate progress relies on self-promotion, being recognizable, having a sponsor & making sure people know EXACTLY how much you contribute to the firm

"my hard work will speak for itself" doesn't always work
while you're soaking up hours every day behind your screen, John is hitting forward on your mails and taking credit for your grind - every company has a John
when it's bonus SZN and senior management is sitting in a boardroom deciding how much you get paid, the WORST place to be when your name comes up....

"hey, who is this guy?"

you're finished
A drawback of corporate life is career progression often tends to favour the loudest, most useless, clowns.

Conversely, if nobody knows you or what you're capable of - it's very difficult to have anyone bat for you.
If you're thinking "I prefer to be modest and just work hard" - remember you're not doing companies a favour. They aren't your friends. It's an exchange of labour & time in return for a salary

If you don't claim what you deserve. Rest assured someone else will eat your lunch.
as a rule - never leave a meeting without saying anything useful or asking a question, even if it's just one sentence (especially if you're junior)

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More from @iamkoshiek

30 Jun
True wealth encompasses non-financial utility. It's great health, strong relationships, reduced stress,, lifelong experiences, convenience & mental well-being.

Money is an enabler, not the outcome.
Failure to recognise non-financial utility is why brain-dead wealth "coaches" shout "Cut your coffee!!"

Completely ignoring the impact on your overall mood, time saved making your own coffee & the productivity uplift

Convenience is often worth more than saving a few bucks
you will waste tons of time chasing money, but you never lose money buying back time
Read 4 tweets
23 Jun
The biggest ever cryptocurrency scam (Africrypt) is now a global news story. Here's a page turn of their "investor presentation" [Thread]
Africrypt claimed to have grown from a one man operation to "one of Africa's largest & most successful AI trading companies"

Ever heard of them? Nobody did. That's the start of any great scam.
Would you hand over your money to a 19yo & a "personal equity trader"? But wait, what if the 19yo had 5 distinctions in matric?

RaeCreate was "incorporated in Hong Kong", domain was a Durban address.
Read 12 tweets
22 Jun
every dog has it's day
yolo
Forget laser eyes & the car crash Miami crypto conference. NOTHING was more disturbing & entertaining than HotDoge. Yes, it's a thing.
Read 4 tweets
21 Jun
Contemplating quitting your corporate job to become your own boss? [Thread]
Money

Making money is much easier when you have money. More importantly, having dry powder buys you time.

Starting with anything less than 6 months salary can be suicide. Bonus if you can get to a year saved up.

Flicking the switch on monetizing a new business isn't instant.
The fine print

Scrape through your employment contract to check for non-compete clauses, lock-in periods for approaching competitors, policy on recruiting existing employees.

Check what the notice period is, number of leave days you have to cash & how to transfer your pension.
Read 17 tweets
3 Jun
Thinking of investing in YWBN Mutual Bank? [Thread]
WTF is a mutual bank?

You're probably thinking 'oh no VBS!'. Not all mutual banks are dysfunctional.

Mutual banks are institutions owned by depositors and are regulated. They also have lower capital requirements with the SARB.

They can accept deposits can issue loans.
The first red flag on YWBN is the 'membership fee' for 100 bucks. Having done a fair share of capital raising it's the first time I've seen a non-refundable membership fee to participate in an issuance. It's not common.
Read 21 tweets
31 May
Strong chance you're severely underpaid right now. Here's a structured guide filled with practical, real-world strategies to make more money! [Thread]
Part I: Understanding why corporates are inherently structured to keep you underpaid ++ how stock based compensation, relentless buybacks & stimulus packages keep the widening the gap.
bankerx.co.za/p/47-2020-09-3…
Part II: Figuring out just how much you're underpaid by. Salary benchmarking, how moving jobs boosts your earnings & the "bump" effect of getting promoted.
bankerx.co.za/p/48-2020-10-0…
Read 12 tweets

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