Great comment on the piece where I noted that capital wins money: “This distinction—money measures capital, but isn’t capital—is what most salaried people never grasp until it’s too late. Labor expires. Capital compounds. That’s the game. But here’s the harder reality: telling someone earning N150k monthly to “elevate money to capital” sounds great in theory but brutal in practice. When survival consumes 90% of income, capital formation feels like luxury advice. So Prof, what’s the actual minimum threshold someone needs to cross before they can start converting money into capital? Because for most Nigerians, the bottleneck isn’t knowledge—it’s cash flow.”
My Response: For someone earning N150,000 monthly, the idea of capital formation can sound challenging. But capital is not limited to stocks or real estate. Yes, the real capital formation begins with personal equity which I have identified in our Tekedia Mini-MBA Personal Economy series as the foundational capital for professionals.
After course on Logic & Philosophy in FUT Owerri, another memorable course was a 3rd year course with a component that was branded “Engineer Turns Manager”. The professor explained engineering from the lens of executing strategic objectives. He then went deeper to while if you do not get that engineering management right, even engineering technical excellence will fade. Sure, that was for a Corporate Economy and or a National Economy. Nothing was taught throughout the program for Ndubuisi’s Personal Economy.
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I conceptualized the framework of Personal Economy, and my conclusion is that building Personal Equity is the ultimate pillar for enduring capital. And we can do that even when we have limited resources.
For this person, when you spend N20,000 to learn how to style wigs to sell to the diasporas via Instagram or Facebook, that is capital formation at work. That enterprise is your own, no matter how small, and depending on your efforts, it can accumulate value. Simply, you are converting money into a capability that expands your earning base because enterprises are organic systems which can grow and scale. Skills, relationships, tools, and education are all derivatives of capital. They transform effort into SCALABLE value, deepening Personal Economy by growing personal equity!
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