This is why I keep siding with creating my own business and becoming a reputable investor over time. Have you checked the list of world richest by classification? I did a little research about wealth control and I found out that 1% of the wealthiest population control half of the world's resources. It may look disheartening when looking through such analysis as this. The question of what was their hedge could be raised; could it be financial intelligence, greed, early exploitation or the rest of such considerings.
Have you ever Sat down to imagine how much you are worth in the financial space? This will help to address the question of am I or when will I be very wealthy?. It ALL depends on which sector you fall into because currently, no employee is near such an achievement. Nothing bad in being employed, it only bad if all you depend on is a Paycheck. A brief summary here is that the richest set of peoples list is dominated by entrepreneurs. 75% of them make up this list, followed by investors at around 15%. Inherited wealth and artists share the remaining 10% at a 70:30 ratio. Sorry once again, no employees on board.
Thank God machines will soon take over this employee industry so that many will shift their mindset to the realms of investors. We are looking at a future where the poorest will be machines, nothing bad about that I guess, they have no feelings and regrets for that. Many are still very bothered about this, it is all about that old mentality of work hard that was installed by the educational system. times have shifted and ‘hard’ has been replaced with ‘smart’ in the process.
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How easy do people risk their lives and how hard do people risk their money? There are some jobs people do that I ask myself, have they sat down to analyze the pending life risk? Yet talk about investment with them and they could become very angry on why you would suggest such risk. Ahh!! A thief showed up in your house and said, ‘your life or your money, which would you choose?’. Although he is illegal, he has taught you what true value is; your life.
Ok, the essence of this article was to consider one of my long term dreams; how to be worth valuable per hour as pertaining to the world of finance. I won't be calling those big names and their translated worths per hour, you can do a latter research on that. Coming back to myself I must say I still have a lot of grounds to cover here. How much is your entire earnings in one month? Let's say you make N720,000 monthly, using our local currency. What this entails is that you are worth N1000 per hour. It's a simple calculation of N720,000/ (2430).
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How many people make such an amount monthly? Very few. Many workers are being underpaid due to shrinking markets. Take for instance, getting a N50,000 monthly pay from your job. Divide this by (2430) and it shows you are worth roughly N70 per hour and around N1670 a day? We have seen the situation of Naira devaluation so those outside this region may not think it is worth it. N1670 just puts breakfast for a managing individual. How saddening it can be that a man's entire daily worth equals breakfast.
This is why I keep on encouraging many on a mindset shift. As I said, my current worth is not still encouraging to me and I have found just the right way to get through this; business and investing. Why do you think I decided to become an entrepreneur? Ok, first think I have that zeal for transactions and yes investing is part of that too. Your worth cannot be tangible if all you do is exchange your energy for money. You have to learn the tactics of tentacles spreading. Find new opportunities, throw in some buck and stay long term for a compounding effect.
To conclude, let me add, the story of business and investment especially needs to be taught to many. A lot of people are still behind, the world is creating a new ground for many to stay in profit even while going around with other activities. Take your time and do this calculation pertaining to your entire monthly earnings and I am convinced the Next question you will ask yourself will be ‘how can I be worth more?’.Take on new financial challenges and break out of that Circle of settling for less; the future will favor those who will take advantage of the global space of investing for compounded ROI. Make every hour of your life count.