How to Maximize Your Salary for Wealth Creation


Have you heard the notion that you cannot be rich by earning monthly salary as an employee? [I'm sure you have].


Is that notion true or false?


Well, for me, the answer is *"It is up to you!"*


Let me tell you what that statement really means: It means that if you focus on earning *ONLY* salary (with/without saving regularly) you cannot be rich in your lifetime.


Let's go deeper! If you earn 100K and decide to save 10% (10K) every month, it will take you 1year (12 months) to save up N120,000...


...it will take you 8 years and 4 months (100 months) to save up N1 Million.

There is a high tendency that you will not be consistent with the savings plan. So...


*🛑Question:*

*✅When will you save up money enough to buy your first or next car?*

*✅How long will it take you to save up and build a house?*


Do you now understand that statement – "You cannot be rich by earning monthly salary as an employee" ?


It's the fact! The statistics reveal it all.


*[If you like argue that there are people earning N1 Million salary and above. Question: Are you? 🙄]*


My focus is not them; it's you. Yes, you!!!


So, what is the remedy?


You can only be rich as a salary earner when you save a portion of your earnings monthly and channel it into investments (Passive Income).


Salary has been paid or will soon be paid (if you've not been paid already). So, what should you do with your salary if you ask me?


1️⃣Buy stocks/shares from any viable companies in Nigeria and let it grow through capital gains.

50% profit is possible in a year. My Wema Bank shares earned me more than 100% profit last year.


2️⃣Invest in Real Estate property through companies that operate a pool of funds.

You can get some of those companies through Piggyvest.


3️⃣Buy Federal Government bonds and treasury bills.

You can work with a stockbroker to help you buy some.


4️⃣Start paying a regular deposit for land (1K per day or 7K per week).

Look for a trustworthy and reliable real estate company in your city and take a plan with them.


5️⃣Invest in mutual funds. Etc.

Again, your stockbroker can help you out with this.


I may not be qualified to tell you what to do with your money, but the things I've shared with you are the things I invest in and I've been doing this for more than half a decade now.


I hope that you'll change the trajectory of your financial life in this new month.


To your financial advancement,

When it comes to building wealth, it’s in three (3) stages:

Making money.
Managing money and
Multiplying money.

Let me explain.

Poor people struggle to make money, that’s why they are poor - nothing else.

Average people make money, but don’t know how to manage it. That’s why they keep living in circles.


But, wealth begins by making money consistently, managing that money by budgeting and multiplying that money by investing.

If you are currently broke, you have no business with investments, the only thing you have a business with - is making money.Making lots of it.

By mastering the business of anything you’re currently doing.

I should also state this: The first rule of investment is to invest in what you understand. If you don’t understand something, don’t ever invest in it. It’s folly.

Unless you’ve got a lot of money to pay a trusted person who understands it to guide you through that investment process.

At the beginning stage, focus on making lots of money.

As you grow your money, focus on managing it properly.

Before thinking of investments.

- Fortune Nnamdi