Getting a job is good but is not wealth. There are however some heavy jobs that can automatically translate to wealth ooooo! The poor and average people always tend to get a job. The rich work for businesses and assets. In a job you can get fired. You ought to work at a job to get funds for investment in these four areas of assets. The rich get money work for them while the poor work for money. Don’t work for money alone again, let your money work for you henceforth.
- Businesses. Examples are Facebook, Google, Microsoft, Apple, Walmart, Nairaland, Nairabet, Amazon, Dangote Sugar, Dangote cement, etc. The richest people today are business people who do their own businesses. In business 30 pays make one day while in a salaried job 30 days make one pay. Most pf these business owners were not the most brilliant in their classes and in their days. They looked inward and came up with something for the whole world.
- Real estate. It is the only real investment. Be an entrepreneur in businesses and real estate. In real estate the property appreciates as the years go by and you even earn monthly or yearly on the property.
- Papers. That is stocks, bonds, mutual funds and savings. This are paper assets. It involves buying into an existing company. The returns are not as high as businesses and real estates. To deal in papers you need the advice of an accountant, a lawyer and a stockbroker.
- Commodities. Like oil. In the US dealers in oil get tax breaks. Even when oil prices go down they still make money. This is different from oil stocks. Other commodities are silver, guns, gold and bullets.
Any mistake in business and real estate lasts for a while or forever. If you make a mistake in papers and commodities you can move out fast because they are liquid and can be converted to cash fast.