deoluakinyemi Profile picture
Apr 11 β€’ 8 tweets β€’ 2 min read
#MoneyMonday 𝐌𝐨𝐭𝐒𝐯𝐚𝐭𝐒𝐨𝐧 Albert Einstein is said to have said that the greatest creation of man is compound interest. While this is a rumour, it maybe worth exploring why compound interest can even be seen as this valuable.
Albert Einstein to the people who quote that:
Why is compound interest so great? 1. It ensures that in time, even the poorest person in the world can create wealth for generations yet unborn. $1 put into fixed deposit at 5% interest, will become a million dollars one day.
2. It’s better to start early and be consistent than to start later and do it for longer.

3. It takes away the power from education and intelligence and gives it to consistency.
4. It doesn’t matter if you are coming out of jail or Yale, once you are consistent you can enjoy the power of compound interest

5. Compound interest makes when you start more powerful than how much you saved. Early is best!
Now this is applying compound interest to money, compound interest can also be applied to business or career. It has a similar effect.

The real value in any business is its capacity to compound. It’s not how much profit it makes in a year that matters, but that it is compounding
When making your career choices as well, it’s not about how much salary you will be paid, but are you going to be building upon your last experience, is your brand and value compounding?

My key question for you today is, what are you compounding?Or simply, what are you building?
Here are a few things you can compound:
1. Finances;
2. Career;
3. Businesses;
4. New Assets;
5. Networks and relationships;
6. Your faith.

What are you consistently building? Are you starting early? It’s never too late to start. Wake up now!!

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More from @deoluakinyemi

Apr 12
#Topicaltuesday
π’π¨π¦πž 𝐏𝐨π₯𝐒𝐭𝐒𝐜𝐚π₯ 𝐈𝐧𝐬𝐒𝐠𝐑𝐭𝐬 𝐚𝐬 𝐰𝐞 𝐏𝐫𝐞𝐩𝐚𝐫𝐞 𝐟𝐨𝐫 πŸπŸŽπŸπŸ‘
Politics for many people is a 4-4 years enterprise. We get busy with life for 4 years, then come back again to social media to gyrate just before the elections.
As a voter, that’s not a bad place to be if you have your voting card and know your polling unit, as a participant and player, that’s not the place to be. If you want to harvest during political seasons, you need to plant well before the season.
Energy is wasted during the political seasons, hating friends, arguing with colleagues and wasting time on divisions orchestrated by people who aren't divided themselves. Some of the people who make you stand against your brother or sister are sitting together and laughing over
Read 15 tweets
Apr 19, 2021
Wrongly accused and incarcerated for 37 years to singing on the world stage in front of over 8million viewers.

That is the story of Archie Williams, one of the contestants at the 2020 edition of American got talent...
In 1982, a white woman was raped and stabbed in her home, and Archie was arrested on the 4th of January 1983 as the main suspect.
He would later be arraigned and sentenced to 80 years in prison for a crime he knew nothing of with a fingerprint that wasn't his as the only evidence
Fast forward to 37 years later, He was set free after the case was reopened and a test carried out on the bloody fingerprint that was found at the scene of the crime.

While in jail, Archie watched the American got talent show and always dreamed of being on that stage.
Read 8 tweets
Apr 15, 2021
HOW TO TRANSFER THE MONEY IN YOUR HEAD INTO YOUR BANK ACCOUNT

Have you ever been in the bathroom, broke and reflecting on your life when suddenly an amazing idea pops in your head?

/1
Or you have thought of the possibility of becoming financially free if only you could transfer all the money in your head to your bank account.

If you have been in this position then you are not alone.

/2
Now, the main question you are asking is How can I transfer this money in my head, this intangible million-dollar idea into money in my account that I can use on whatever I need?

/3
Read 14 tweets
Jan 8, 2021
Should I relocate from Nigeria? What do you advice?

Well this depends on where you are and what your goals and dreams are. This is not really a one answer fits all type of question, if you were my friend, brother or sister, I would look at some factors to advice you.
/1
I would however advice you to take a view of the world that blurs the lines between countries, the world is currently a global village. Technology has shrunk the world significantly and we can work for anywhere from anywhere.

/2
I will ask you to Relocate from Nigeria for the following reasons:

1. If you are frustrated about Nigeria and find it easy to see the things that are not working and it’s gradually getting you depressed. Relocate if you can; as no country is worth losing your sanity over.
/2
Read 15 tweets
Jan 7, 2021
THE DIFFERENT STREAMS OF INCOME

There are as many income stream opportunities as there are problems. Problems are actually the other side of the opportunity coin.

/1
There are two broad streams of income, the active streams, and the passive streams. We all start from active income and the goal is to grow our active income to a point where we begin to buy assets that yield passive income.

/2
Once we have passive income coming in, we can then retire to enjoy our years of labor.

They say in Yoruba language that a dog that is well roasted and dried tastes very sweet, the problem is it takes a lot of time, so waiting for the dog to roast becomes the problem.
/3
Read 5 tweets
Jan 6, 2021
QUALITIES EVERY ENTREPRENEUR MUST HAVE

Entrepreneurship is not about your technical abilities. Many people think Doctors should start hospitals, pharmacists should start pharmacies, Subject experts should start consultancies and so on. These couldn’t be further from the truth./1
The most important capability that an entrepreneur needs to have is not technical abilities. The following however are indispensable qualities every entrepreneur must have.
/2
Inner Eyes - Entrepreneurs must be able to see opportunities. The first and most important quality of an entrepreneur in my books is the ability to see the same thing people are either complaining about or ignoring and see how on the flip side it actually provides and opportunity
Read 10 tweets

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