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Elijah

Ask Elijah
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  1. Asked: April 29, 2026In: BUSINESS & WEALTH CREATION

    Does learning Stock Investing as a Digital Marketer in Nigeria count as pursuing something outside my expertise?

    Elijah
    Elijah
    Added an answer on May 2, 2026 at 1:28 pm

    I will be completely honest with you. Pursing any career in life doesn't affect your financial stability or standards. It just depends on the mindset and your level of understanding. Pursing a different career perspective is not the problem but not understanding why you choose to pursue stock investRead more

    I will be completely honest with you. Pursing any career in life doesn’t affect your financial stability or standards. It just depends on the mindset and your level of understanding.

    Pursing a different career perspective is not the problem but not understanding why you choose to pursue stock investing is the bigger fire that will tell whether you’re certain or u’re just pressure by others opinions.

    What I’m saying is that;
    you should be able to define your action .
    Why I’m I chasing this while I have this. That single shift alone set you higher than those that depends on external judgement on there purpose in life.

    Hope this helps?.

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  2. Asked: April 18, 2026In: FINANCIAL LITERACY

    How can I save and invest on a ₦90k salary in Nigeria?

    Elijah
    Elijah
    Added an answer on May 2, 2026 at 1:17 pm

    First let be radical with your discipline but not with the money sir. You said u're a salary earner and earning 90k. But I can tell you with full confidence that, there's no amount of money that's too small if you don't control your habit. Before thinking about investment, why don't we discuss yourRead more

    First let be radical with your discipline but not with the money sir. You said u’re a salary earner and earning 90k. But I can tell you with full confidence that, there’s no amount of money that’s too small if you don’t control your habit. Before thinking about investment, why don’t we discuss your habit and mentality towards wealth building. Cause building Wealth is not a day job and there shouldn’t be a quiting day for that.

    So let me end this with this that;
    Wealth is built from structurable habit
    Not by seeking the best strategy for investment. Let discuss that before moving to the main topic of discussion why FOKONA is founded.

    Hope this helps.?

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  3. Asked: March 18, 2026In: FINANCIAL LITERACY

    What are the step by step measures to manage money?

    Elijah
    Elijah
    Added an answer on March 19, 2026 at 7:35 pm

    Expansion comes from management If you don't know how to expand, to manage will be difficult. The difference is this; Is only when you're holding money you can think of management but when you don't have any cash with you, can you manage no. Hope this helps?

    Expansion comes from management

    If you don’t know how to expand, to manage will be difficult.

    The difference is this;

    Is only when you’re holding money you can think of management but when you don’t have any cash with you, can you manage no.

    Hope this helps?

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  4. Asked: March 19, 2026In: INVESTING & WEALTH BUILDING

    Should I Invest in Dollar Mutual Funds or Naira Mutual Funds in Nigeria as the Dollar Rate Falls?

    Elijah
    Elijah
    Added an answer on March 19, 2026 at 7:32 pm

    Okay let set the ball straight just as the way of my mentor (iking. F). Let first understand the word mutual funds. Mutual funds doesn't make you rich over night because, it a low risk investment. And that doesn't make it bad or worst It just for safety and stability. Now back to the U.S market. DolRead more

    Okay let set the ball straight just as the way of my mentor (iking. F).

    Let first understand the word mutual funds.

    Mutual funds doesn’t make you rich over night because, it a low risk investment.

    And that doesn’t make it bad or worst

    It just for safety and stability.

    Now back to the U.S market.

    Dollar falling doesn’t makes dollar weak and for a strategic investor you don’t panic because you’re seeing the red sign all over your screen.

    No!

    Your first step is to know exactly why are you investing in the U.S market.

    Cause Clarity cancel unnecessary emotional dramas.

    Moreover

    Money don’t understand emotions

    Hope this helps?

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  5. Asked: March 19, 2026In: INVESTING & WEALTH BUILDING

    What is a money market mutual fund? and how does compounding works?

    Elijah
    Best Answer
    Elijah
    Added an answer on March 19, 2026 at 7:20 pm

    Compounding only works if your goal is to achieve one thing at a time. While money market mutual fund is a low risk investment design to build beginners confidence in the capital market.  Meaning to say that; You don't have to panic because your money is regulated by professionals so your risk at loRead more

    Compounding only works if your goal is to achieve one thing at a time. While money market mutual fund is a low risk investment design to build beginners confidence in the capital market.  Meaning to say that; You don’t have to panic because your money is regulated by professionals so your risk at loss is very low.

     

    Hope this helps

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