Being a salary earner in Ghana is not lucrative at all. This is because majority of people earn far below their standards. You will see a government worker with a high level of education but earning a peanut as salary. This is as a result of unavailability of jobs; you will surely accept the least earning jobs to make ends meet.
But with all the knowledge obtained from years of schooling, most salary earners can become extremely successful if they combine their work with extra businesses. As salary earner, you can be as successful as most entrepreneurs.
You can invest a part of your income into something else. Relying on salaries or wages alone is a sure way to remain poor always. Businesses pay more than salaries or wages. There are many business opportunities which you can do, ranging from selling electronic devices to stationery(writing materials; books, etc).
The only challenge you will face in combining business with your work is how to switch between the work and business effectively. You will have to develop a strategy so that you will not give attention to one aspect at the expense of the other. Some people employ young people to manage their small scale businesses for them.
As a salary earner, one way to achieve financial freedom is through savings. You can't do anything successfully or efficiently without a good financial base. Since your salary cannot cater for the project you may like to undertake, you have to save enough money to that effect. You don't have to wait till you have a project to deal with, before saving. Make savings a habit; every month, save something small.
As a salary earner, live moderately. Fancy dresses, food and smartphones are desirable to all of us. But society will not castigate you for living within your means. Don't look at how people are spending heavily and adopt their lifestyles; they've reached greater heights than you.
If you, a meagre income earn wants to rub shoulders with someone who is earning more money than you, then you're unwise. Age is just a number; it is the wisdom that accompanies it that counts. Management of money is not a monopoly of older people.
There are young people who can manage money efficiently than old people. That's why you will see a roadside hawker who has more money than most salary earners.
As a salary earner, know when to borrow, where to borrow money from and what to borrow the money for. There are people who are addicted to taking loans! Immediately they get to know that the interest rate is somewhat favorable, boom!
They apply for the loans for nothing significant. There are salary earners who take loans just to decorate their rooms. Our male counterparts are typical of this habit; to entice ladies, perhaps.
Problems may arise which demands urgent attention or solutions. In that case, taking a loan is inevitable. But you have to take the amount of loan which solves the problem alone. You will only waste the excess, if you take more than what's actually needed. The best reasons for taking loans include starting a business venture.
As a salary earner, don't be too comfortable with the meagre income you're earning monthly. This is more so, if your expenses are always more than your salary. Find a secondary source of income.
Reading motivational messages on social media platforms can never make you wealthy; be realistic and start a business. Know difference between a priority and demands.
Content created and supplied by: GodwinGakor (via Opera News )
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