The unemployed complaint of futile search for a job, truly, the popular jingle there is no job anywhere” is not a lie. The rate of unemployment is alarming in my country. Some employed complain of poor salary which is barely enough to meet their basic needs. Is not news that many employers don’t comply with the minimum wage payment, and even the minimum wage is also small. Then there is a third group that is well paid enough to take care of basic needs and vacations but doesn’t give financial freedom.
The only thing common among these three groups – the unemployed, the low salary earner, and the not low salary earners is that they depend wholly on a job. They believe they must have a job to earn money.
No job? The salary is too small? Why don’t you look for an alternative source of income? There are so many opportunities out there – offline and online that you could take advantage of to improve your money inflow. But instead many wait for a job or for that promotion that will increase their salary. Those earning just enough are busy living a luxurious life and spending all they have earned, without thoughts of investing elsewhere or even starting a business to have an alternative source of income. What if you are laid off tomorrow, what then?
Let’s check out these laws of finance.
There are two laws of finance
Law of poverty
Law of wealth
Law of Poverty
This law state that works alone or works under someone and remains poor for the rest of your life. 95% of people in the world are living under this law. The people under this law make use of their credentials, they have an ego, they seek a job, they have someone they call boss, and they receive a salary which is a fixed amount.
S = Small
A = Amount
L = Limiting
A = And
R = Restricting
Y = You
These people are called the working class. They always look for a job.
J = Just
O = Over
B = Broke
Law of Wealth
This law states that work with a team or group of people and remain wealthy forever. It is just 5% of people in the world that are living under this law. The people under this law make use f their skills, and they are called the thinking class. They think of what to offer to the society and in turn, make money. These people always have multiple streams of income and their income is not fixed.
The difference between these laws is that the people under the law of poverty don’t take advantage of the opportunities that avail themselves… while those under the law of wealth take advantage of every opportunity that comes their way. The wealthy ones have connections, networks, and investments while the poor ones have their degree and certificates.
Keep this in mind, money does not respond to qualifications, otherwise, the wealthiest people should have been Ph.D. holders and professors. Money does not respond to age, otherwise, the world’s oldest would have been the richest.
It is not about the quality of your degree, it is about what you do with the degree.
Have you noticed that the first-class degree holders are not the richest neither are the third-class degree holders the poorest? There is more to being wealthy than education.
The most important thing is the mindset and the next thing is a commitment to self-discipline.
The only person holding the key to your success is you.
The secret to success is for you to be willing to pay the price, but the challenge is that very few are ready and willing to pay the price to succeed. While some are partying and having fun, others are learning, planning, investing, and earning.
Don’t sit down and complain about where you are, it won't change anything. If you must see changes, the person that must change is you. Yes, you.