Money Notes

Money Notes #31 – The Bi-Weekly Newsletter from Halo Invest

Two notes in one month. Only the most useful, relevant and practical entries on finance and money. If you like money notes #31, invite your friends to subscribe here.

I trust you are doing okay. We’re nearing the end of the first half of 2022, and I’m curious, how does that make you feel? Good? Anxious? Indifferent?

If you feel anxious or despondent that you don’t seem to have your finances in check yet, here’s some encouragement for you: We have six months left in the year. That’s ample time for you to give your finances some sort of structure. I believe in you!

If you feel indifferent, um… I’m not sure that’s a great place to be. A quote by poet, Ha Jin reads “Indifference is the strongest contempt”, and contempt is not what you should feel about your finances. I think a great place to start in working through those feelings is figuring out why you feel that way in the first place, and you can work your way out from there. 

If you feel great, that’s awesome! I am glad you are making financial decisions you are proud of. You should know, however, that the journey to wealth creation is a continuous one. You should constantly look out for ways you can work towards your financial goals more efficiently.

However you feel, I have included a few resources to help you out in the For You section, be sure to look through them.🤗

Hot Topic in Finance 

Industry conversations we think you should know.

Crypto Crash

It’s no news that the crypto market seems to be going through a meltdown. Social media is rife with different reactions to the news as this could present opportunities or dire consequences. It appears to be more of the latter than the former for many people. What exactly is happening? Is this an opportunity you should look into? Here is what experts are saying.

For You

Fun, useful stuff you will absolutely love!

  1. Just in case you aren’t already aware of what we do at Halo Financial services, here is an article about who we are, what we offer, and what you stand to gain.
  2.  As we draw close to the end of the first half of the year, you should run a finance health check. Here is how. If you’re up for it, we even have a fun makeshift finance health check quiz, you should check out.
  3. Since we relaunched our feature articles, we have had two more features we think would interest you. One is on Emmanuel Faith, an HR personnel, poet, and creative writer. He let us in on how he transitioned into HR from a background in Economics. The other is on Tour guide/Curator and Restaurateur, Nancy Nsofor. She spoke to us about building a successful career in Tourism and Hospitality in Nigeria’s challenging tourism climate.
  4. If you are looking for ways to earn more whilst doing what you love, see this article.

If you found money notes #31 helpful, follow us on InstagramTwitterFacebook, and LinkedIn, and check our Blog for more frequent updates, tips, and tools to help you improve your relationship with money.


Features Quizzes & Trivia

Halo Financial Services: An Introduction

Halo Financial Services offers banking, investment, and other financial services as a service to formal and informal communities. This enables communities to offer their members the products and tools necessary to plan, save, and invest to meet their financial goals.

Halo defines a community as any group of people with defined membership and identifiable leadership. This includes but is not restricted to; professional or trade associations, cooperatives, social clubs, and unions.

Our approach

1. Democratizing access:

We’ll be eliminating financial jargon and using simple language, so no one feels left out of financial conversations. We also meet people where they are, so you can engage with us however you feel most comfortable. If you’re techy, there’s an app; if you like face-to-face, we have a nationwide agent network.

2. Digital distribution:

We are a fully digital business; even our physical touchpoints are digitally enabled. We are using technology to make wealth creation easier, more accessible, more intelligent, more innovative, and more enjoyable. 

3. Community collaboration:

We have platforms and tools to help communities – regardless of size and type, collaborate more effectively and build wealth together.

4. Building trust through networks:

We leverage relationships within existing networks and drive trust through ratings and other social-proofing tools.

What makes Halo different from the competition?

We refer to this as the Halo Effect; we are one of the few companies in Nigeria with both an asset management and a microfinance bank license.

Halo Financial Services has two fully licensed companies, Halo Asset Management Ltd and Halo Microfinance Bank (formerly Enrich Microfinance Bank). With them, we can offer a full spectrum of financial services from basic banking to sophisticated investments.

In addition, our in-house wealth experts provide advisory support for our high-end customers. They also contribute to financial literacy content for our other customers.

Our Services

  • Banking: bank account, payments, savings, credit (loans & credit cards).
  • Investments: mutual funds, private funds, local & international equity and bonds, and more.
  • Sharia-compliant products: non-interest-bearing savings and investment products that are fully compliant with Islamic law.
  • Other financial services: insurance (through partnerships), financial advisory, and portfolio management.


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Our Channels

We want to serve as many people as possible, so we offer multi-platform, multi-channel access:

  1.  Invest: app-based access to comprehensive savings, investment, and credit products for communities with digitally confident members.
  2.  Direct: access to our full suite of products and services via a nationwide agent network. This is for communities with informal sector membership.
  3. Wealth: Active portfolio management for communities with more affluent and financially sophisticated members.

Communities also have several ways to engage with Halo:

  • White-labelling: mobile and/or web app, which will be fully branded for your community and managed by us.
  • Hosted communities: fully-branded environments within the Halo app, with administrative controls for community managers.
  • Single feature integration: API integration of specific functionalities into existing apps

What do Communities stand to gain from Halo Financial Services?

With Halo, communities of every size and type will benefit from:

  1. Mouth-watering incentives: communities will earn a percentage of Halo’s revenue from their members’ total activity, forever. So, everybody wins. (NOTE: revenue share does not come from members’ principal or earned interest).
  2. Stronger bonds: relationships between community members will improve as they reap the rewards of group participation and collaboration. Loyalty to the community will also improve as they build prosperity together.


Follow us on Instagram and Twitter to get information and fun tips to help you on your journey to financial security.



How I Found My Niche In Nigeria’s Tourism Industry

Every week, we talk to Nigerians around the world about money and how they make it.

This week features Nancy, a tour guide, tour curator and restaurateur. We talk about how she started her career in tourism and the challenges and opportunities of the tourism industry in Nigeria. She also gives us a glimpse into what her money habits look like.


Halo Invest gives you access to the best financial insights, insider tips, and tools to help you improve your relationship with money.


Could you please tell me about yourself and what you do?

My name is Nancy Nsofor, and I work in tourism and hospitality. I own two brands: Waka Nation and Pasta zone, with which I help curate travel experiences and help people satisfy all their food cravings. So, I am a professional tour guide, tour curator and restaurateur. 

Interesting! Why tourism, and what made you decide that it was what you wanted to do as a career?

It was quite coincidental. I wanted to be a nurse, but my efforts toward that were not yielding results. So. I applied to the National Open University to study Hospitality Management without a prior understanding of what it entailed – I thought it had to do with hospitality administration in hospitals, LOL

However, in the second semester of my 100L, we began to diversify into specialities, and I opted for Hospitality and Tourism studies. At that point. I fell in love with the course; it became interesting as I already had a flair for travelling, meeting and coordinating people.

Although it was coincidental; now, I do not see myself doing anything else; I find fulfilment in doing this.

What are the challenges you experience in Nigeria’s tourism industry?

I find convincing Nigerians to patronize domestic travels within the country quite challenging.

International tourism comprises inbound and outbound tourism. You will find that more often than not, Nigerians prefer outbound tours because of issues with security and ignorance of the treasures in their ‘backyard’.

So, we are dealing with two crucial subjects; Insecurity and Ignorance.

What do you wish was better as regards the industry?

I have had the opportunity to speak to both federal and state officials, and I found that they were not too knowledgeable about the possible impacts of tourism on the country’s economy.

So, I believe it would help to have government officials who are knowledgeable and passionate about Nigeria’s tourism industry and how the industry could help grow Nigeria’s GDP. 

I dare claim that tourism could be a significant source of revenue for Nigeria; we have nothing short of ten tourist spots in each of Nigeria’s 36 states. 

Can you even imagine what this could mean for us? Most especially with how we already have expatriates trooping in whenever we have festivals such as the Olojo festival, Osun-Oshogbo festival, e.t.c?

An understanding of branding concerning Nigeria’s tourism industry is fundamental; infrastructures such as good road networks, proper security and what have you are necessities.

I feel the same way and hold similar opinions about the food industry in Nigeria; the Agricultural sector needs proper structuring.


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You wear many hats; you do different things to make money, it must not be easy. How do you handle it all? 

Well, for me, it helped that I read many books on financial literacy. At the risk of sounding cliche, I started with Rich Dad, Poor Dad and The Richest Man in Babylon, LOL. 

Those books changed my ideologies about money and contributed to how I figured out my first stream of income.

Many people assume I am doing too much; I disagree because I work in just one industry: Tourism and Hospitality management.

Under hospitality, I work as a Restaurateur; I run a restaurant and consult. I run a niched market with my food and beverage brand; people think of my brand, and Pasta comes to mind before anything else. 

The beverage we produce is healthy; we make what we locally refer to as Zobo. I started that during the lockdown phase of the pandemic when the tourism industry experienced a meltdown.

So, it might appear that many things are happening at once, but it’s still the same goal, mission, vision and purpose driving me. As a full-fledged food and beverage company, we are now expanding into having our own cocktail bar and handling event catering.

Taking it one step at a time helps me with stability. So, every year, I focus on one thing I want to achieve in my food or tourism business. I am very intentional; my head is not all over the place.

I love that.
Let’s talk finances. What do your money habits look like?

Over the years, I’ve developed good money habits. As a small business owner, I had to learn rudimentary money-related terms such as gross and net profit, pricing, fixed and operational costs, e.t.c.

I make sure I save. One out of my three streams of income caters to my personal needs. Another, I allocate to taking care of my family’s needs. The major one goes straight to fixed deposit savings. I don’t touch it. 

The knowledge I have accrued over the years has helped me control my spending. I don’t buy what I don’t need – I ask myself three times if I actually need that thing, LOL. If there’s anything that takes most of my money, it would be food. I don’t do any impulse buying.

Hm, what was your relationship with money while growing up?

As a child, my mum made sure we understood what money was – although I didn’t particularly enjoy saving in piggy banks, kolo, because it was a case of “if you need money, just ask.”

However, with the advent of fintech companies, my ideologies about saving have changed, as I now save with a purpose. 

So, what specific thing made you change how you see money?

One of the things that caused me to see money differently was a previous relationship. My ex was very instrumental in my journey into financial literacy. He helped me see money in a very simple, practical way, especially regarding financial independence. I saw the way he was frugal with money, and that is what sparked my interest.


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What do you wish more people knew about money?

I constantly emphasise to my mentees and people in my accountability groups that money comes and goes. It’s not something you “hold tightly to your chest”, LOL. To make money is easy; to lose money is easy.

Some people erroneously think, “If I have one million naira today, all my money problems would be solved.” No! That one million naira might solve just the immediate problems, but you’d be surprised at the kind of problems the next 24 hours can bring.

That’s why I encourage people to have more than one income stream. I am ready to do anything to make money, so long it is not illegal or immoral. I run my businesses, conduct training, and coordinate events. All these keep me balanced, and the pressure of my basic needs is not one income stream.

For example, you cannot possibly base your survival on income from something as volatile as cryptocurrency. Something like that should be a long-term investment, not to satisfy short-term goals.

That is profound. What do you consider a financial red flag?

Wow. That has to be covetousness and lavish spending. That money comes and goes is not a reason to be careless with it.

This has been so interesting! I almost do not want it to end. LOL.
Tell us. Is there anything exciting you are working on?

Yes! As I mentioned, I am building and expanding my food and beverage company: Pasta Zone. I am exploring various ways the brand can bring in more revenue: cocktail mixology, bartending, event catering, e.t.c.

On the tourism side, we are maintaining that culture of excellence. Everything I’m doing is exciting. We are growing, and it’s so beautiful to watch.

Love that for you! Finally, what advice do you have for young people like yourself who are looking to work in tourism?

You have to be knowledgeable. It’s not enough to be able to gather a crowd; that is not what makes you a tourism expert. There are different phases in the industry you can explore. 

You could be a travel blogger or a tour guide/curator. You need to pick and understand your niche; that singles you out. I am very particular about that. People should be able to point out the thing(s) you are excellent at.

For example, I described myself as a professional tour guide and curator. That singles me out from regular tour operators as my services include catering specifically to the needs of the tourists- the relationship is distinct and personal. I am also a destination marketer for Ogun state. I am registered as a tour operator with the Ogun State Ministry of Tourism and Culture.

Also, In a place like Nigeria, you will need a lot of self-encouragement if you want to work in the tourism industry.


You can reach out to us at if you would like to share your story too.

Quizzes & Trivia

Career: What Should You Be Doing to Make Money?

With this quiz, we are going to guess what career path we think you should explore based on your choices.

We have other fun and exciting quizzes we think you should check out!

Don’t forget to follow us on all our social media platforms for useful tips on how to build wealth. Find links here.

Money Notes

Money Notes #30 – The Bi-Weekly Newsletter from Halo Invest

Two notes in one month. Only the most useful, relevant and practical entries on finance and money. If you like money notes #30, invite your friends to subscribe here.


Happy new month! I know you haven’t heard from me in a while and you miss me, but I’m here now! How are you doing? I hope this mail finds you well! (I hope I didn’t trigger any work anxiety there, 😂)

A lot has happened in the country this week and I hope you are taking enough time to rest. You should know that stress can lead to poor decision-making and that a level head helps you make better financial decisions.

In this week’s newsletter, I’ll include a few exciting stuff that will help you relax and put a smile on your face.

Halo Feature is back!

Every week, we talk to Nigerians around the world about money and how they make it. This week features Charles Njoku, a product designer and tech entrepreneur. He spoke to us about his tech start-up, Spire, and the challenges he has had to face as a first-time founder. 

If you are interested in the tech space, you are a start-up/potential start-up founder, an entrepreneur, or you simply are interested in getting money tips, read the interview here.

For You

Fun, useful stuff you will absolutely love!

Have you seen Netflix Naija’s Blood Sisters? Did you connect with any of the characters? We curated a quiz where we guess what your Blood Sister’s character is and your affinity to risks as an investor based on the characters. Take the quiz.

Investor Sabinus definitely always knows how to crack us up! 

If you found this helpful, follow us on InstagramTwitterFacebook, and LinkedIn, and check our Blog for more frequent updates, tips, and tools to help you improve your relationship with money.


How Faith transitioned into HR From Economics

Every week, we talk to Nigerians around the world about money and how they make it.

This week features Faith, an HR personnel, creative writer and poet. We talk about his affinity for people, books and writing. He also lets us in on how he transitioned into HR from a background in Economics.


Halo Invest gives you access to the best financial insights, insider tips, and tools to help you improve your relationship with money.


Please introduce yourself

My name is Emmanuel Faith. I make people happy and help them be productive. It is what Nigerians call HR, and I currently lead the people and culture at Cowrywse. I am in my late 20s and love to have fun, but my definition of fun slightly differs from others. Sometimes, it could be watching shows on Netflix or reading. I like good food too. I think I will just stop there. LOL

What does your job entail?

So, my job title says Lead People and Culture, so that’s what I do at Cowrywise. As I said, I make people happy and productive. I majorly spearhead people and processes that align with business goals and objectives.

You appear to be a Multipotentialist. So, how did you know that HR was what you wanted to do as a career?

That is an intriguing question. Interestingly, one of my colleagues asked this today, and I asked him to go to LinkedIn. LOL

I have a background in Economics from the Obafemi Awolowo University. Now, if you study Economics in my school, there is a high chance you will pursue a career in finance. It has always been that way to have many of the graduates working in big finance firms or oil and gas companies.

I probably was going to follow that path. I interned with Meristem, Afrivest, and attempted to intern in Accenture, but, in my final year, I discovered that I do not have a very good relationship with numbers, which of course, affects my finance too. As of now, one of my screens has numbers, and I am already developing a slight headache. 

Oh, I feel you!

Right? So, I discovered that I probably would not go into finance. Now, when I say I am not good with finance, it does not mean I don’t know numbers. I do. It is just that analysing it gives me a headache, so I decided to explore other things. 

I joined the Tax club and won a competition that gave me an internship opportunity as a bonus that I could access after I graduated. I started out interning with a tax firm, where I worked on payroll management; one of the subsets of Human Resources (HR). Then, I made a conscious effort to find out what being an HR personnel entails, because people had said to me “ you like managing people, you are good with people relations”. I think basically, that’s how my journey into the HR field began.

I volunteered with Aramide Abe, God bless her wherever she is right now. She managed a community called Naija Startups and I worked as her recruitment assistant, which was how I started my HR practice, full-time.

I handled the recruitment for all the startups in her community, amongst other tasks, you can imagine how hectic that was. Afterwards, I started writing certifications and worked at General Electric, and here I am today.


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That was quite the journey. Asides HR, what other interests do you have?

I read a lot and love to discuss books. I like to uphold and spread the reading culture. Between 2018 and 2020, I read 300 books, that’s 100 books every year, and since then, I’ve read one book per week.

So, I read about 4 to 5 books per month. In 2021, I tried to do 60, and in 2022, since I read a book per week, I have read about 18 to 21 books this year.

Wow! Interesting.

Beyond reading, I especially enjoy discussing African books. I think Africa has amazing writers, so, if you don’t read African books, you should start. 

I have a blossoming relationship with a publishing house; Ouida Lagos/Ouida stores where I buy half of my books, the other half, I get at Roving Heights. I’m waiting for Roving Heights to sign me. 

Roving Heights, If you read this interview, come and sign me! LOL

I believe everyone should imbibe a reading culture. Of course, you don’t have to read 100 books per year, but reading is one of the best forms of acquiring knowledge. Whether you listen to podcasts or watch YouTube videos, you should read at least 1 or 2 books per month.

I’ve never said this in an interview before, but I think reading can help you curb bad habits. I can’t count the number of times I’ve been caught between “Hey, guys, let’s go to Cubana” and “Let me sit down and finish this book”, and when I choose to finish the book, I save about ₦13,000, I would have blown at Cubana, lmao. I should write about this. If you’re addicted to anything, just try to substitute it for reading, you’d see how refreshing it is.

I’m also a creative writer and a poet. I have 5 published works; 3 career-centered E-booksLagos Doesn’t Sleep, and December Blues. I have another free E-book I co-authored with my brother titled, Adulting in Nigeria

How do you balance all of these?

I get this question a lot. I can’t tell you that I have an exact hack. On my desk is a beautiful book, The Beautiful Side of the Moon by Leye Adenle; which was given to me by Ouida Books, and I have this Harvard business review on managing people. What this means is, that when I’m working and feel stuck, I take a pause and read a chapter.

For Poetry, it just comes. For instance, the last piece I wrote was for a friend who travelled to Puerto Rico. I wrote the poem in five minutes.

I’m not exactly a “structure” person, I’ve tried it and decided to just flow with spontaneity. But, because I’ve read James Clear’s Atomic Habits, I think I have created systems around me to ensure that I accomplish some goals.

Every time I teach an HR or personal development course, I always refer to the time I first ventured into the HR space and how I read HR articles every day, for six months. I cannot quantify the knowledge I gained in that period.

That’s inspiring! What excites you about your job and what’s the most challenging part of it?

My favourite thing is listening to people. I feel like if I did not get into the HR field, I would be a counsellor or a psychologist

I enjoy listening to people talk, and I love people listening to me talk. So, I enjoy it when people reach out to me to discuss their general work challenges or with new teammates that are struggling to adapt, or when they want my insight on something.

Also, I am thrilled that as an HR person, I know a lot about the business. I remember when I worked at General Electric, I could speak extensively about renewable energy because I was working there. Now that I’m in the fintech space, I can speak a lot about fintech processes. I’ve had interviews where the candidates were surprised that I’m an HR person because I spoke tech during the interview.

For challenges, it’s not entirely pleasing that the management has to make final calls. There is a lot of great stuff I often feel like we could do and I’d be told we don’t have the resources for it. 

I also do not enjoy working on the payroll part. 

It has been a very insightful discussion about your career. Now, let’s talk finances. What do your money habits look like?

Father, I thank you for Cowrywise, I’m a spender! Really, though, I’m not exactly a wasteful or lousy spender. I save on the spot, I save about 10 to 20% immediately after I get my earnings, thanks to Cowrywise.

My tithes follow, then I pay a whole lot of black tax and the rest is mine. I am what you can call a skeptical investor, so, I don’t do high-risk investments, the most I do are low and middle-risk investments.

Was there anything that shaped how you view money?

I was born into poverty. I was born into the trenches. After I joined Cowrywise, my views about money changed. When you see people earn what you’re earning and you see what they’re saving, it inspires you to do better. Between January and September last year, I saved about 33% of my income and I did not die, that’s when I realised, “I can do this”.

Another thing that helped shape my perspective about money was reading Arese Ugwu’s Smart Money Woman, I think it’s one of the best finance books. I know it was written to help women be more financially intelligent, but it’s a book every career person in Lagos should read.

Also, this year, I read The Psychology of Money by Morgan Housel and I urge everybody to read this book. It’s almost like you are reading an advanced level of Rich Dad, Poor Dad. It describes money from a psychological perspective. It helps you realise how many unnecessary expenses you have. You can buy the more affordable version of that thing you want to buy. Most times, the only reason why you would want to buy that very expensive version of that thing is to show off. 


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What is something you wish you did not have to spend on?

I honestly wish that I did not have to pay black tax. My friend said to me recently “with this money you are earning, you are a big boy in Lagos!”, and he is probably right, but by the time I pay bills and other stuff, a lot of my income is gone.

Another thing I wish I had more control over is my affinity to gift people things. There was a month I had spent about 10% of my income on gifts, I had to sit down with myself, and decided that was the end, no more gifts. I am too generous. Gifting is my love language, I like the joy of the recipient of the gifts.

Do you ever have to worry about money?

In 2020, yes. In 2021, slightly. This year, no. It is not like I have a lot of money, it is just that I am at that point where I know that I can never be out of a job. 

Ahan, MVP!

Do you get?! LOL. I know that I have that earning power because I have skills with which I can offer value. Money is a value exchange. Because the moment you can offer value, you are one step from making money. So, no, I do not have that money fear.

What would you consider a financial red flag?

Ah! People that like to party or club. Except your parents are affluent or you are earning like ₦3 million per month, I feel like if your default setting is “Omo, let’s go and blow this money!”, we have to check you.

Another red flag is if you are always trying to keep up with trends. People who always want the latest iPhones, MacBooks, designers, etc. 

Finally, what exciting thing are you working on?

I recently created a card game for book lovers. You know how you’ll go to these funny parties and they’re telling you to do ridiculous things, I attend a lot of hangouts and I’m always like “Can we play something else where I don’t have to kiss my partner?” 

So, I created something for book lovers, it is called Book Map Games, you can follow us on Instagram and Twitter at Book Map Games. The whole idea is to help you journey through books. It has exciting different sections. My favourite is ‘High School Literature’, Where we ask you about the authors of books.

Other sections include; African Literature, Male Authors, Female Authors, etc.

The idea for the game was inspired by a time I wanted to hang out with my friends who are book also lovers, I checked different stores and they didn’t have any book games. People said “You know what? Create this thing.” I knew it was going to be a big project, but I took a stab at it and it came to life!

You can get copies at Ouida Books, but we are still looking for more distributors.

Who knows, I might write a poetry collection by the end of the year. I’m also looking at writing something for Valentine’s next year.


You can reach out to us at if you would like to share your story too.



How Charles Navigates Being a First-time Founder

Every week, we talk to Nigerians around the world about money and how they make it.

This week features Charles, a product designer and tech co-founder. He speaks about his startup, what inspired him to start, and the challenges he faced as a first-time founder. He also talks about his relationship with money and his beliefs about work.


Halo Invest gives you access to the best financial insights, insider tips, and tools to help you improve your relationship with money.


Tell me about yourself and what you do.

My name is Charles Njoku, and I am a technology entrepreneur and a product designer. I have been in several design disciplines, at least for the past 8 years, and currently, I co-founded a startup called Spire. At Spire, we build products to help businesses collect feedback and be able to improve their customer experience.

That is interesting. What is the story behind Spire, how did it start, and why did you think it was necessary?

Spire was never a eureka or ‘I have an idea’ moment; it was tied to a community problem. One of the things I do outside of my day to day job is to help grow a design community. I do that by being a community leader at Àșà Coterie and by doing mentoring sessions at a couple of other design communities. One of the most common problems was how feedback was being managed.

Designers complained about how they get lost in lots of comments and could not seem to articulate things together at the end of the day.

It really was supposed to be us building a simple tool to help manage feedback for the community; however, we started to realise how this was even a bigger problem industry-wise.

That was when we decided to build something people would pay for. We ran a couple of validation tests and experiments, and we eventually built Spire from there.

Wow. What are the challenges you experienced as a founder, especially in the Nigerian tech ecosystem?

I do not think it is peculiar to me, but at first, as a first-time founder, you are bound to make a shit ton of mistakes.

Number one mistake is underestimating what it takes to build even the simplest things. That could be a moral dip for you, especially when you are weeks/months in and not yet at the level where you had imagined you would be. Software takes time to build; even the simplest things you use on the internet took a lot of time to get to that point.

Another thing is underestimating how rigorous building an organisational structure can be. I have led maybe two or three teams before Spire, and these companies I worked for already had core organisational structures. 

I have had to build an entirely new organisational structure myself. The people who I had managed previously knew what they were supposed to do and what was expected of them; it was easier to manage people that way. 

However, this is my first time actively trying to build an organisational structure and manage people simultaneously. I will tell you for free that it is the most tasking thing I have ever done in my life because the whole point is not just managing them; it is that for whoever eventually comes in in the future, there is a consistent management process already in place. 

If I had to do this all over again, I probably would let somebody else handle people management. Product is my strongest suit because it is technical, and the facts remain the facts. It does not care about your emotions.

So, this time, you are the one setting the standards and at the same time, holding people up to those standards.

Exactly, building everything from the ground up is not a small feat. A result or consequence of this is that, for example, because I am more technically inclined, I hire people I think are technically sound, and the biggest problem of why work is not done is that ethics-wise, there is a problem.

Hiring has just made me realise why many people do not get hired. You could be a pretty good designer or engineer, but at the end of the day, you would not consistently deliver all that your skill brings to the table, and that becomes a problem.

Surprisingly, the people I have eventually been able to work with for the longest, are not necessarily the most experienced but have been the most committed and dedicated. Sometimes, it is the simple things that make this relationship work; asking questions, giving heads up, and letting the work matter to you even when I am not there.

That does sound like a lot of work. How long has Spire been in existence?

Officially, we started in April last year, so it has been a year.


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Moving away from Spire, I would like to delve deeper into your relationship with money specifically. How would you describe your money habit?

Oh, my money habit is pure vibes. Except you have the risk appetite I have, it is probably not advisable to follow me.

Okay, what was your relationship with money like when growing up?

I grew up in a very conservative, communal sense, but I was exposed to money early on. My parents were business people. In fact, we ran a family business together. At the early age of 12 – 14, I was managing an entire branch of a business.

Wow, a lot of people would agree that that is pretty young!

Yes, I mean, I am my parents’ first child. As soon as I could walk, I would be in the shop with my mum. As early as I can remember, I ran errands. My mum was a trained typist, and she is pretty good at it. She good that I remember this government official who would rather have my mum type his documents.

Ahhh, so, since you grew up around your parents’ businesses, it did not come as a surprise to you when at 14, you were managing one.

No, it wasn’t a surprise. As an adult, I would say my childhood was pretty much stripped away. Sometimes, I can’t relate to some things people say they did as kids because I was managing a business while they were being kids.

So, do you think that the advantages of doing all that trumps any disadvantage of not being able to enjoy being a child?

It is not black and white, honestly. There are days when I feel like I could just really be a child, and there are days I am grateful for the experience. Many people think I am 30+, and my physique does not exactly help. There was a time when I wondered why; then it began to make sense.

People, after looking at your physique would try to measure your age by other antecedents in your life, like where you are and what you have done. Someone once said to me, “you have to be like forty. How have you done this much in this short amount of time? When did you start?”

So, it’s good, it’s bad. Some days are good, and some days are bad.

So, from everything you have said, I would guess that from a young age, you have pretty much had a healthy idea about how money works?

I would say that I have had an incredible run with how money works. I think it could be a good and a bad thing. The reason is that I know how money works, and sometimes I can afford to take huge risks that I know many people would never try. 

I am hardly ever worried about money because, with my experience, I know that as long as there is a demand and you can meet that demand, you will always make money. 

My dad always tells me that the difference between having money and not having money is; time. All the jobs you are doing are you just trying to shorten the time to have money. It makes sense, and that is why throughout my life I will always consider working hard over trying to cut corners to earn money.

That is such an amazing way to think about money. Not many people are that lucky to have parents drill that into them from a young age. Still on the subject of money, I’d like to know, are there money mistakes you have made in the past, and what would you have done differently?

Yes o, ah! Let me start with one of the most foolish traits I have. I thank God I have changed. Because I have been exposed to money early on, I always find it fulfilling to be able to give money out. I remember one time in Uni when they increased the school fees, I had not paid mine, but I gave out about #150,000 to support people who could not afford to pay theirs at the time – it was partly a show-off and partly a ‘money just dey to spend’.

That is how I delayed paying my own school fees till it was two weeks to the deadline and exams were around the corner; you could not write exams if you had not paid your fees. At that time, I was broke and had to borrow money to pay my fees. 

Another time was when I took out a loan to take a girl out on a date.

I am sorry, you did what?

Yeah, I took out a loan, and she still told me no. It wasn’t until last year, I tweeted about it, that she found out and told me, “you are one hell of a crazy man”. She did say she was not sure why she said no, but at that very young age, I was too risky for her. And she was right – I was too adrenaline-driven.

As I grow older, the difference is that I am more calculative. I consider the long-term prospects of my decisions generally, but trust me, the very impulsive nature is still there.

What expensive thing have you splurged your money on that was very useful for you, and another thing you splurged money on just for the heck of it.

The most expensive thing I have splurged money on would be my car, which I have sold. I remember I had told myself that for my 25th birthday, I would like to get myself a car. I will be 25 on the 9th of August, and I have bought two cars already. It just makes me realise that I have done well for myself. Once I set my heart to do something, I do not stress about it; it just happens.

The next biggest expense is also something that I started thinking about for my 25th, but it is not something I want to make public yet.

Finally, what advice would you give young people like yourself looking to create or build innovations?

In my experience, I do not think I have ever achieved anything without working hard for it. I spend sleepless nights, and my peers would tell you “Charles’ work rate is unmatched”.

More recently, it is becoming apparent that lots of people are trying to beat around the corners to get things. Honestly, sometimes, I prefer not to have opinions about these things, but the people who I am committed to helping know that I do not condone attempts to cut corners or find shortcuts. 

My father would ask you when you misbehave, “where did you learn this one from?” It is the same thing with the people that are close to me. I am very clear cut on being ethically responsible and genuinely committing to seeking knowledge. That is simply my advice to young people out there. 

Committing to doing genuine work tests your contentment.

Wow, please explain that.

Only you would know how much work you have put into something, and when the results come, the only thing you want to feel at that moment is gratitude. But, if you keep chasing shadows, you will always be going for exponential displays of that success to fill in those gaps of you being a fraud.


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Quizzes & Trivia

Quiz: What Blood Sisters Character Are You?

Nigerians seemed to have had quite the time of their lives watching and discussing Netflix Naija’s limited series “Blood Sisters”. This quiz is based on our evaluation of some characters. We are going to guess what character you are, as well as what type of investment risk tolerance you have based on your choices.

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Money Notes

Money Notes #29 – The Bi-Weekly Newsletter from Halo Invest

Two notes in one month. Only the most useful, relevant and practical entries on finance and money. If you like our notes, invite your friends to subscribe here.

Hey, you! What’s up?
Me? I’m quite chill actually.
Nah, that’s not true. It’s been a stressful couple of days. I know you’ve heard people say it many times, but I actually do not mind repeating how the entire concept of adulting is a scam. I mean, I do enjoy the liberty of taking more than one meat from time to time, it’s the difficult decisions I find quite annoying.

I’m glad I have a few things off my plate, such as worrying about what’s happening with my money. I can trust that Halo Invest is working in my best interests. Yes, I am a shameless plug, but I wouldn’t be saying it if it wasn’t true. Why don’t you download the Halo Invest app to find out for yourself?

However, as much as I would love to make you my makeshift therapist, that’s not why I am here. I have some gist I think you’ll enjoy. Let’s get right into it.

Expo: There’s some extra fun stuff at the end of this letter.

Hot Topic in Finance

Industry conversations we think you should know.

Money Investments

What do you know about investing?

I think it’s a thing with a lot of people to assume that everyone else should know all there is to know when it comes to handling money, but we know not to make that mistake. No matter how difficult money discussions are, we know they have to be had because we care about you. Really, we do. That’s why we had an article out earlier in the week. You should check it out here.

Speaking of investments, I bet you’ve also heard rumours of a possible recession in the U.S.A, I mean, the U.S. President, Joe Biden himself claims it is inevitable. I went through the trouble of looking for an article to explain the impact of recessions on investors. That’s very useful information right there. Don’t mention.

Money Tip

Knowledge you can use

A few things to consider when making investments

  1. Assess your financial situation. When you do this, you can figure out what your goals are.
  2. Understand the risks involved in whatever investment you are exploring. Are these risks you are willing to take? What do you feel about the possibility of losing your money? What if this doesn’t yield as many returns as you thought it would?
  3. Seriously consider diversifying your investment portfolio. You can not make the best of investing your money when it’s in just one asset category. Mix it up. Try out different categories in their respective market conditions. You never can tell how things turn out; when one market is down, you have a cushion in another.
  4. Do your due diligence by conducting thorough research into whatever you’re putting your money into. This cannot be overemphasized. It’s an unsavoury experience to have your money in anything remotely connected to fraud.
  5. Always set some money aside for emergencies. Any wise investor knows this. It’s a foolhardy thing to do to not consider the possibility of emergency situations and to tie all of one’s money down in investments. Don’t do it.

For You

Fun, useful stuff you will absolutely love!
 I saw this hilarious skit on Instagram and I thought you should see it too. Watch it here.

Have you seen our latest quiz? In this one, we try to guess what currency you are based on your choices/personality. We’d like to see you share your results on your social media platforms, and get your friends to participate too!

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