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Dec 4, 2010

You Can’t Get Rich on a Salary!

You will never make millions from your job!!! so forget that dream of ever living in Runda with your salary.

Sad, but true… we were raised and conditioned to study hard, get good grades, find a good and stable job. But oooppps!! they forgot to tell you something or they might have forgotten to ask you what you’re dreams are.Because, if you have a big dream, being in a job won’t suffice.

To make millions from your salary? I don’t think so ‘coz i haven’t heard of anyone who became rich from employment… anyone? I’m not talking here about people who are making dishonest gains or illegal deals from their offices.

What Can You Do on a Salary?
Just because you work for a paycheck doesn’t mean you can’t take control of your financial future. In fact, if every salaried employee’s financial destiny were predetermined, there would be scant use for financial advice!

Working for a paycheck, you can control how that paycheck grows by:
* Proving value to your employer,
* negotiating your compensation,
* investing in yourself (via training and education), and
* managing your career track.

You can also maximize how much of your paycheck you keep by:
* Living well below your means,
* Getting out of and avoiding debt, and
* Saving and investing regularly.

At the end of the day, however, you can only squeeze so much out of your chosen career field. Will it be enough to make you comfortable? Probably. Will it be enough to make you content? Hopefully. Will it ever make you “rich”? Unlikely.

Why Does it Matter?
Most of us don’t care if we ever get that rich. Most of us, myself included, will be just fine being comfortable and building a modest level of financial security. Still, it pays to steal a few tactics from the playbooks of the truly rich. A few of those tactics include:

* Taking calculated risks,
* Working for yourself,
* Seeking opportunities, and
* Understanding the value of time.

Incorporating some of these tactics of entrepreneurs and business leaders can only help us maximize our paychecks, but also may lead us to new earning opportunities outside work that will supplement our incomes and either increase our overall wealth or propel us to financial goals faster (such as early retirement).

This article is just to help you think on the ways you spend your salary. I know you’ve been paid, and its on a Friday but make sure you’re not making someone a millionaire somewhere. Invest, invest,……jobs are not permanent.


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