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The trap

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dwayne16
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I used to tell people that there is nothing bad about earning a salary because not everybody has the capital to start up a business and you have to start from somewhere. Beginning as a salary earner is not a bad thing  but switching your mentality into a salary mentality is where you will get it wrong. What this will do to you is depend on your salary alone and you can never get rich with your salary. You can never be a billionaire with a salary and your salary can not give you the kind of life you want.

One thing salary does very well is making you wish that they increase your salary, every month what you want is an increase in your salary so that you’ll be able to afford something. People will tell you that when they increase their salary life will be better. In reality, before they increase your salary you would have work for some time and while you are waiting for them to increase your salary there is already inflation, or your responsibilities as increased. Salary increases don’t always solve the problem, most times it looks like a trap.

The trap

In Nigeria in three years, there has been over 70% inflation in the country and the currency lost its value. if you are waiting for them to increase your salary now your salary can’t even afford anything and even if they increase your salary by 15% or 50% you are still in trouble. The salary has not always been the problem because it is a good way to start your life, but depending on it is where the problem comes and this is why you have to seek ways to earn and gain more. When you are earning the salary you have to keep savings and what savings would do is provide opportunities for you.

Saving your salary will help you to invest in opportunities around you, You cannot depend on your salary. This is the reason you have to use your salary to create extra income for yourself by starting up a small business or investing in a good product that can give you more money over time your salary alone will not give you this and most of the time people even increase their expenses to their salary which makes things complicated but if you live below your means and you save some money to start up a small business is the way to go

Extra is always better

Having extra income is always a blessing because this gives you more money and the more money you have the more you see opportunities in front of you. Depending on your salary alone will give you reasons not to have any savings and you will exhaust all your salaries every month and you’ll be trapped. When you are trapped with a salary mentality it will be difficult for you to grow because salary will never make you a millionaire.

Thanks for your time.