Money Notes

Money Notes #5 – 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.

For You

Fun, useful stuff you will absolutely love!

This episode from Blackish where Diane explains Art of Arbitrage to Bow.

This Japanese lifestyle trend, Kakeibo, will help you get better at budgeting.

What happens to your money when you invest it vs when it’s in your account.

In case you missed this hilarious reply on Twitter on what makes you happy besides money

Hot Topic in Finance 

Industry conversations we think you should know.

whot card money notes newsletter


CBN: Pick two

At 18.17%, inflation rates have risen again and food inflation is at 22.95%. 

But that’s not why we’re here.

Let’s talk about printing money and if it is the answer to all our problems.

The CBN Governor, Godwin Emefiele recently admitted that the CBN was printing money for the Federal Government.

Printing money is not unusual for countries, however, you cannot print money to get out of a recession or downturn.

When more money is printed and released to the economy, it increases the amount of money in circulation and reduces its value (inflation).

FYI, you do not want to hold on to assets that pay no yield in an inflationary climate.

We are about to launch the Halo Invest app, a savings and investment app that will give you access to assets that will yield returns in NGN and USD.

To get early access to our beta app, sign up here.

Q: What else should I be concerned about? 

A: The country’s debt profile. 

Did you know that you (and every other Nigerian) currently owe the CBN money? 


The current government met a debt of 12.6 trillion naira in 2015 and as of last year, Nigeria’s debt was recorded at 32.2 trillion naira.  

The FG has agreed that the country’s debt will be paid over the next 30 years, starting with a 2-year pause on payment. 

Now, that money isn’t going to pay itself, so Nigerians will be paying off this debt through special instruments that will be repackaged and sold as bonds.

The Minister of Finance, Zainab Ahmed predicted last year that by the end of 2021, Nigeria’s debt will hit 38.68 trillion naira. 

Just so you get a clearer picture of how much we have to pay off. 

The Breakdown 

The world of finance made simple and relatable.

The Magic of Compound Interest 

Compound interest is an investor’s best friend.

When you earn returns on investment, you can choose to reinvest your capital + interest over and over again to generate additional earnings.

The more you invest, the more you earn. This is the principle of compounding interest.

Q: How does it work?

Picture this: Three people (Hauwa, Tope, and Michael) put money in a high-yield savings plan on the Halo Invest app. 

This plan yields 10% interest per annum and interest is compounded monthly.


  • 20 years old
  • Wants to retire at 60 to live her rich aunty life
  • Opens the plan with 20,000 naira
  • Invests 20,000 naira monthly for 40 years and leaves the money to compound every month

At the end of her saving duration, Hauwa will have put in ₦9,620,000 and earned an interest of ₦119,989,618.15. In total, she will receive ₦128,609,618.15.


  • Didn’t learn about compound interest until he was 30
  • Also has a plan to retire at 60
  • Opens the plan with 20,000 naira
  • Invests 20,000 naira monthly for 30 years and leaves the money to compound every month. 

At the end of his saving duration, when he is 60, he would have invested ₦7,220,000 and earned an interest of ₦38,763,254.47. In total, he will receive ₦45,983,254.47.

Because Michael started late and invested for a shorter period of time, his payout is a lot less than Hauwa’s.

If you’re interested in starting now, sign up here to get early access to our beta app.


  • Doesn’t care about compound interest
  • Feels 10% interest per annum is too small an amount to worry about
  • Opens the plan with 20,000 naira
  • Invests 20,000 naira monthly for 40 years
  • Never leaves his interest to compound, always takes it out.

At the end of his saving duration, because he didn’t leave his interest to compound, Tope will have put in ₦9,620,000 and received an interest of ₦80,000. He will receive the total amount of ₦9,700,000.


Hauwa – Invests ₦9,620,000 and receives ₦128,609,618.15 (Compound interest for 40 years)
Michael – Invests ₦7,220,000 and receives ₦45,983,254.47 (Compound interest for 30 years)
Tope – Invests ₦9,620,000 and receives ₦9,700,000 (No compound interest, just simple interest)

Who would you rather be? Hauwa, Michael or Tope?


Halo Invest gives you access to the best financial insights, insider tips, and tools to help you improve your relationship with money. Click here to subscribe to our emails. We never spam you, promise.


Money Tip

Knowledge you can use

Have you ever considered investing in the real estate market in Nigeria but don’t know where to start?

It’s pretty simple and no, you don’t need that much money to invest.

Real estate is a great way to diversify your portfolio and the Nigerian real estate market offers you so many opportunities to do so. 

To help you get started, here are 4 simple ways that you can invest in the Nigerian real estate market:

1. Join a crowdfunding platform

This is fast becoming a popular way to invest in the real estate market. 

Several online platforms exist for Nigerians to invest. On these platforms, Investors pool their money together to invest in real estate and become owners of fractional units of a property.

When you invest through crowdfunding, your money and that of other investors are used to purchase, renovate, and sell properties so you can earn one-off returns.

You can also opt for investments that offer periodic returns on real estate properties that are bought, renovated, and rented out.

2. Purchase and flip assets

First off, you need more than a million naira to get into this. 

To purchase and flip assets means that you’re using your own money to buy real estate properties that you can develop, renovate, sell or rent out.

You can start with one plot of land, then move up to owning 2 to 10 acres of land or as many as you want. 

3. Rent out portions of your house

This is a great way to start making money off that empty room in your house/ rented apartment. If you’re familiar with the AirBnB model, then you will understand how this can earn you some extra cash over a period of time.

Let’s say you’ve paid up rent for your 2 bedroom apartment, you can decide to short let the spare room for a reasonable fee and earn periodic income off it in a way that generates more profit than your initial rent.

Please be sure to put security measures in place for your safety.

4. Invest in REITs (Real Estate Investment Trusts)

REITs work just like mutual funds as they are traded like stocks on the NSE. 

These trusts or companies own, operate, and finance income-generating real estate.

Your funds and the funds of other investors are pooled together to purchase and manage income property or mortgage loans. 

If you would like to explore this option, you can easily buy these shares through a broker.

Follow us on Instagram,  Facebook, LinkedIn, and check our Blog for more frequent updates, tips, and tools to help you improve your relationship with money.

2 replies on “Money Notes #5 – The Bi-Weekly Newsletter from Halo Invest”

When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several e-mails with the same comment. Is there any way you can remove me from that service? Thanks!

Hello, we apologize for the inconvenience. However, you will have to do that on your end, there should be a link in any email you get to edit your subscription settings.

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