This is the same case with building wealth. It is not everyone whose family that is financially buoyant. The majority of people need to start from scratch, and one of the best ways they can start from scratch is by doing a 9- 5 job. Yes, sometimes having a 9-5 job is far better than 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 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 hard work and patience. Wealth is built in motion. You can't be idle and talk about making wealth. Even the Bible said,d "An idle hand is the devil's workshop". This simply means that when you are idle, the devil will definitely look for a job for you, ou 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 a rich background or has connections anywhere, the best thing is to build wealth from 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 steps below. 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, you feel you can be able to achieve it. It will help you to stay on your toes.
Also, you need to set a time span for the number of years you intend to stay in that organization as an employee. This will help to keep you on your toes,s 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 for 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; you can't 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 whatavoidid debts at all costs. 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,sy but you will thank yourself if you continue in this way in soyears'ars 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 a side hustle is that it is not your full job, but it is a business or service 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 a 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. Investors ensure they plan their investment early, and they ensure they know what they are investing in.
They seek information,n 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 investing, you can never be too careful. Those who invest by faith do so 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 into 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 seemed quite difficult. People who promised to help me get a job disappointed me. A lot of promises here and there. I submitted a lot of Applications here and there, re hoping I would be contacted. I was never 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 at a primary school in my area, and the rest is history. Basically, I teach, and that is my 9-5 job.
How Much I Earn As A Teacher
My Experience as a Teacher
Anybody who 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 would be a class tea,cher awould will be teaching 15 subjects for a primary class. I teach round the clock, and it is only during break times that I have time to rest. Apart from this, we were told we can't use our phones in the classroom and that, except in an 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 many. But on the other hand, the work is stressful. The work I am doing there is not easy compared to the amount I am being paid. These are the price you pay for building wealth because if youdon't,t it does. Nobody else will.
How Much Am I Saving
My savings every month differ. 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 about building wealth must be serious about saving more than he saved the previous month. Every month, I save a minimum of N5,000 naira. It looks so small, right? Of course,e it looks so small, but growth is silent.
How Much I Plan To Invest & Save
What do I Invest In?
I invest in the stock exchange market. I wish to buy stocks and bonds. Currently, I own shares in FCMB and Sterling Bank, for a start these are good numbers of share considering the amount of money I make from my 9-5 job, which is teaching, the aim is to buy more shares in subsequent times and expect more gain in future, this is totally my personal experience not a financial advise, always do your own research and consult experts.
These are some of the stocks I am buying currently and the profits I have gained from them;
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;