In this world, we all want to build wealth. Isn't it? Of course it is. However, building wealth doesn't come in a platter of gold. It requires a lot of consistency, hardwork and efforts.
And when it comes to putting efforts or consistency on something, Then that means you must have a goal in mind.
This is the same case to building wealth. It is not everyone whose family is financially buoyant. Majority of the people needs to start from scratch and one of the best way they can start from scratch is doing a 9-5 jobs.
Yes, sometimes having a 9-5 job is far better than you having a small scale business because at the end of the day, you might barely sell up to 500 naira per day.
For everyone, who desires to build Wealth... The easiest way is to start is by doing a 9-5 job.
Why Should I do a 9-5 Job Before Making Wealth?
It's because wealth isn't built on mere wishes. It is built through hardwork and patience. Wealth is built in motion. You can't be idle and talk about making wealth.
Even the Bible said "An idle hand is the devil workshop". This simply means when you are idle, definitely the devil will look for job for you and trust me, it won't be a pleasant one. It will be the type that will lead to disgrace.
Hence. Before you can start making wealth, you need to act in motion and since you are the type that is not from rich background or has connection anywhere, the best thing is to build wealth from the scratch and the best way to do that is through 9-5 jobs.
How Can I Use My 9-5 Jobs to Build Wealth
Definitely, I won't say it is the fastest way to build wealth. But with proper consistency and diligence by following the following steps. Then, you have a higher chance of becoming wealthy.
1. Set a time span: Yes, if you want to build wealth. Give yourself a particular number of years or months by which you are hoping to achieve that. The beauty of this is that, it is not that your plans might come through 100 percent but with proper planning and consistency, you will be close to the target. When you set a plan or target on when you feel you can be able to achieve this. It will help you yo stay on your toe.
Also, You need to set a time span on the number of years you intend to stay in that organization as an employee. This will help to keep you on your toes and you won't have any other choice than to be serious with your quest for building wealth.
2. Save from Your Salary: While you are working, ensure you have the mindset of Saving. No matter how little, ensure you save from your salary. It is this savings that will serve as your foundation of building wealth.
It is the money that you save today that will save you tomorrow from working under someone. However, let me tell you the truth. Salary is the amount you are paid for you to forget your dream.
So, you have to wise up and use that salary to build a nice future for yourself. Ensure you save And no matter what, Avoid debts at all cost.
One of the ways you can avoid debt is by not living beyond your means. Manage whatever you are given. It won't be easy but you will thank yourself if you continue in this way in some years time.
3. Have a side Hustle: You must not rely on your salary alone. You must ensure you have a side hustle. The side hustle does not necessarily mean it should be a physical business. It could be as little as rendering services online.
Nowadays, we have many ways of making money online. You can just stick to one of those services and ensure you know the rudiments very well.
The best thing about side hustle is that it is not your full job but it is a business or services that you render to make some extra income.
After finally having a side hustle, ensure you save from it too to complement the amount you are saving from your salary. This will help your total savings to multiply in some few months or years time.
You can then Start planning to invest from it. However, before you have a side hustle, ensure you have learnt a high income skill that can be used to generate a side hustle for you.
4. Plan Investment Early: Investment is not just something you jump into. Ask around. Those who invest ensure they plan their investment early and they ensure they know what they are investing in.
They seek information and they are sure of what they are investing in. If possible, they don't mind being tutored or educated on what they are investing in.
Hence, in your quest to build wealth, ensure you already have it in mind what you want to invest in. Get the proper knowledge and education on what you want to invest in.
If possible, ensure you know how much you need to invest in the Business to thrive. Get knowledge on all the things you will need for the business.
In all you do, seek knowledge. Never invest badly. However, let me tell you, when it comes to investment, You can never be too careful.
Those who invest lives by faith because they know that it could work and the investment could as well go wrong. In all you do, ensure you
5. Re-Invest Your Dividend Back to the Business: After you have made some profits in your investment. Don't eat your Capital. Ensure you Re-Invest it back into the business. That is how you grow. You don't eat your Capital. Most people eat their capital and it affects their business negatively.
What I Do As a 9-5 Worker
After finishing from the University, Getting jobs seems quite difficult. People who promised to help me get job dissapointed me. A lot of promises here and there.
I submitted a lot of Applications here and there hoping I would be contacted. I was never for once contacted.
Meanwhile, I was still hoping and those days I was hoping. There was nothing in my bank account.
I decided to take a teaching Job for a primary school in my area and the rest is history.
Basically, I teach and that is my 9-5 job.
My Experience as a Teacher
Anybody that tells you that making money is easy is a liar. It is not easy especially when you are building from scratch. Sometimes, it will be like the world is against you.
When I started the Job, I realized I will be a class teacher and I will be teaching 15 subjects for a primary class. I teach round the clock and it is only on break times that I have time to rest.
Apart from this, we were told we can't press our phones in the classroom and that except we have emergency, that is when we can make use of our phones.
Also, We were told that we must be writing lesson notes. Imagine you writing lesson notes for 15 subjects and you must also teach.
They expect that you mark their notes as well. The only thing I am thankful for is that the students are not much.
But on the other hand, the work is stressful. The work I am doing there is not easy compared to the amounts I am being paid.
These are the price you pay for building wealth because if you don't do. Nobody else will.
How Much Am I Saving
My savings on a monthly basis differs. Some months I save more and some months I don't save that much.
Though, it shouldn't be this way. A man who is serious in building wealth must be serious about saving more than he saved the previous month.
On monthly Basis, I save a minimum of N5,000 naira. It looks so small right? Of course it looks so small but growth is silent.
What I Invest In?
I Invest in stock exchange market. I wish to buy stocks and bonds.
These are some of the stocks I am buying currently and see the profits I have gained from it;
Conclusion:
Building wealth is not easy but with the right approach. It is a mountain you can climb and overcome. If you have any questions, kindly drop them in the box below;