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Kalu Aja

Apr 2 • 7 tweets • 4 min read Twitter logo

In 2 Kings 4:1, a "pastor" dies in debt. His assets, specifically his children were to be sold as payment for the debt.

His widow asks Elisha for help.

Elisha asks. "Do you have any equity" (Equity meaning cash or any assets to repay the loan )

#ChurchofMoney

The widow says "No, all I have is the small jar of oil"

The story continues with Elisha asking her to go "borrow" vessels, not cash but the means to make cash...

Let's analyze what we know from just these two verses

#ChurchofMoney

1. Loving God shouldn't stop you from investing in your family.

The "pastor" died with a lot of debt, yes he had assets but he overleveraged. Where is the glory in his children becoming slaves?

So Buy Life Insurance once you have dependents. Mandatory
#ChurchofMoney

2. The Widow gave Elisha her "elevator pitch"

When asked, "do you have anything" she answered (luckily ?) "I have some oil shares"

Elisha needed something to work with.

When pitching, always state what you have invested already, your equity, do not be like "I have nothing"

3. The widow was asked to borrow jugs and bowls and not just cash

Funding does not always mean cash, it can be an introduction or even you factoring account receivable (you get LPOs from reputable organization, then ask a lender to advance you credit)
#ChurchofMoney

3.1

Elisha also asked the widow to crowd fund I.e. Other Peoples' Money OPM

He could have told her to leave her small bowl in her room & it fills up, but much faster to invite more bowls so the oil can compound faster

100% of 1 is not the same as 1% of 100

#ChurchofMoney

We will come back to this story, I can spend a year on this verse alone.

#ChurchofMoney teaches about money with stories from the gospels.

Hope it enriched your day.

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More from @FinPlanKaluAja1

Kalu Aja

@FinPlanKaluAja1

Apr 3

The concept of reserve currency is new & alien to the world of commerce

Global trade was always by barter, cows from Argentina are traded for cotton from the UK or both nations used a precious durable commodity like silver

The Betton Woods changed that and replaced gold with $

The idea was simple.

$ is Gold.

"Italy" after WW2 had no gold, the US had gold. The US can't allow Italy to starve (and fall into the soviet sphere)

Thus US lends $ (gold) to Italy to import US goods

This works because It's a closed loop and US had net exports to "Italy"

Remember $=Gold

What this means is as long as "Italy" buys from the US, the US retains its gold

What happens if the US starts to buy more from "Italy"? Now it reversed, now the US has net imports, and the US gold flows out of the US

Let's pause here

Read 13 tweets

Kalu Aja

@FinPlanKaluAja1

Apr 2

The West locked the African continent in a debt trap

Nigeria as of 2012 borrowed less than $5b, owed over $44b based on late fees, interest on interest

China comes, gives Nigeria loans at 2% for 30 years with a moratorium to build infrastructure

But your problem is China

If a sovereign nation can't deploy a 30 year loan at 2% APR with a payment moratorium to create wealth, why blame the lender?

Why does China lend at low-interest rates?

To capture market share from the West. it also helps their economy, the same as Western loans

Fees, Labour, and sometimes materials are from the loan provider

Just like the West

Read 4 tweets

Kalu Aja

@FinPlanKaluAja1

Mar 30

Looking at data points for the Twitter Spaces tomorrow with Chief Investment Officers of PFAs,

1. Public Sector contributions still surprisingly outpace the private sector.

2. Top heavy market segmentation, top 5 PFAs control nearly 70% of contributions received

The dominant asset class across the various funds managed by the PFAs is FGN Bonds (about 63%).

Retiree Fund is invested predominately in Sukuk, which are still bonds.

Read 4 tweets

Kalu Aja

@FinPlanKaluAja1

Feb 16

1. Gala cost N10
2. Gala output is 100 a month
3. I have N500, Ronke has N500, we can buy 100 gala
4. Gala company output falls to 50
5. Price of Gala will rise to N20 cause Ronke and I will bid higher for the 50 Gala
6. if CBN takes away N250 from each of us, Gala is still N20

The inflation in Nigeria is caused by the fall in the Supply of Gala.

If Gala output falls to 50, the Price of Gala rises

If we have N10,000 each, Price of Gala rises
if we have N100 each, the price of Gala still rises

Why?

Lower supply

So one way to fix inflation in Nigeria is to make more Gala

If Gala output rises to 10,000 a month

If I have N100, Prices fall.
If I have N10,000, prices fall

Read 6 tweets

Kalu Aja

@FinPlanKaluAja1

Feb 16

"The evidence from our investigation could NOT ascertain that stock market performance in Nigeria is driven by the developments in the crude oil or foreign exchange market. There is no evidence of any long-run cointegration among these variables.. "

"By implication, shocks to the oil price have a little or negligible direct impact on the entities listed on the
NSE. Any change in oil price does not go through the private sector, hence could not have agitated a direct effect that could have reflected in the stock market."

"In other climes, especially the more advanced economies, developments in the crude oil and foreign exchange markets significantly impact the stock market."

Read 5 tweets