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Kalu Aja

@FinPlanKaluAja1

11 Jul

A decision is a powerful thing, a decision leads to events, and events are not singular, they affect people far removed from the decision maker, events lead to history.

At 6pm on the 1st of Dec 1955 in Montgomery Alabama, Rosa Parks decided to break the law; she refused to stand up and give up her seat, as was the law since 1900 to a white passenger on a public bus in Montgomery, Alabama, in response she was arrested by the police.

Her arrest led to the Montgomery bus boycott, which was coordinated by a young unknown black preacher, named Martin Luther King. The success of the boycott promoted Martin Luther King to national prominence made him the father of the Civil Rights movement.

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Kalu Aja

@FinPlanKaluAja1

4 Jul

3 interview trap questions.

1. What are your salary requirements?

"what do you want to be paid?'

your answer can seriously impact your salary negotiation. If the number you give is lower than the employer was prepared to pay, you just locked yourself into a smaller package.

1.1

Instead, ask the employer, “I would be interested in hearing the salary range for this position before I commit to a figure.” This script puts the ball back in the employer’s court to make the next move

Trap 2. "How much do you make in your current position"

If potential employer has budgeted 100k for your position, but you say your current employer pays 75k they will usually start with a much lower offer slightly above your current salary. This will put you at disadvantage

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Kalu Aja

@FinPlanKaluAja1

3 Jul

"NNPC Ltd shall promptly remit proceeds of the sales of the profit oil and gas to the Federation LESS it's 10% for management fee & 30% for Frontier Explotation Fund as specified in 9(4) of this Act."

Frontier 30%,
Then NNPC 10%,
Then 13%
Then Nigeria 47%

Who is Frontier?

The entire budget of Nigeria will now by 47%?

Why is a private company the NNPC LTD getting 10% management fees?

Are management fees expenses?

Why is the NNPC not remitting the proceeds of oil and gas sales to the Consolidated Revenue Fund? as specified by the Constitution?

Where in the Constitution of Nigeria is Frontier?

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Kalu Aja

@FinPlanKaluAja1

15 Jun

Let me explain this digital currency thing.

If Dangote gives you N1m cash, do you have N1m? Yes. FIAT

If Dangote give you his ATM card & PIN with N1m on it, do you have N1m ? Yes.

If you email Dangote ATM card # and PIN to me, do i have N1m? Yes. DIGITAL

With a digital currency, you simply email your cash to an exchange. Receiver will download that email to their inbox (wallet)

Now a Central Bank can say "don't send email, use your cash buy this CBN email (digital currency) and then send to anyone.

It's still online, no fee

The problem is why will anyone take $ (stable somewhat) and buy that CBN digit (unstable)?

No one will.(even with N5)

So CBN needs to show strength by saying their digit is backed by something (like Dangote ATM or gold or $)

That way $ will flood CBN digits because it's safe

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Kalu Aja

@FinPlanKaluAja1

13 Jun

How can you plan for orderly transfer without dissipation?

Invest in advice. Speak with a lawyer or Trustee. Tell them your history and family connection, seek advice on how best to transfer assets without loss or legal challenge

Wills, Trusts even Foundations are all options.

How are your assets registered?

If you buy assets in your name, it's hard to transfer when you pass.Think about a Custodial or Trust Account, and name beneficiaries or Trustees.

Wills are ok, important this is have a plan, record assets and transfer.

If you buy land or assets together with partner, then title as appropriate. Not "Mr and Mrs Smith" but "Alice Smith and John Smith"

(yes full names, "Mrs" is not a name, there can be many "Mrs" Smith).

The title of an assets denotes ownership or control.

Read 13 tweets

Kalu Aja

@FinPlanKaluAja1

11 Jun

Wall Street Journals tips on online security.

1. Stop posting personal information on public forums. e.g. travel plans, new purchases. sure share with your friends on private networks, but the public?

2. Cover your employee ID when taking pictures. bad guys can clone it.

3. Stop tagging images, geotags alert bad guys where you have been, and allow them to craft a profile and send malware e.g, " hi we met at that conference in Calabar in February".

4. Don't take photos of your workstation, hackers can see the type of software you use then customize phishing attacks on your organization.

Stop writing user names with passwords on post-it notes and sticking them on the monitor

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