WAITING FOR YOUR NEXT PAYCHEQUE?

Many of us once we get our selves hooked up with a permanent job, all we do is work our butts out for our organizations and wait for whatever comes with it; your salary and other little remuneration that comes along. Do you know what that means? You are making your job determine what kind of person you should be, how your life should be and hey, what you can have and not have. Boy! That sucks doesn’t it?

Be the master of your own finances

What do I mean? Well I mean you can have a good job with a good pay cheque and everything but as a person who wants to be financially free you can’t be content with your pay cheque and worse if you have to live from hand to mouth with it. To live above average and have your happiness in your life you need to sit up and be the master. You need to make some decisions that would push you up the financial ladder.  What exactly do you want to achieve in life? Is your pay cheque helping in that regard? If no then You’ve got to manipulate it to get you to your destination.

Invest

Did I hear you say “my salary is too little for that”? Well my friend, nothing good comes easy. Investment is diverse. You can choose what you are most comfortable in and invest in that. Don’t say you don’t have money because you might continue not having it if you are going to do nothing about it . You may read our previous article on saving to help you make a start. Try to get some information about what you want to invest in. Think! Is it in stocks and bonds, is it in insurance, or do you want to create something of your own you can monitor yourself like getting a business started and running?

Get a business started and running.

It’s my opinion right? Yes, let me tell you why I’d rather go for that. A lot of people visualize starting a business to be the biggest and hardest and most expensive thing on earth but hey if you think starting a business is owning the biggest building with a lot of people working for you and a lot of cars at your disposal,  then I understand your fears because that is certainly very expensive. The trick many people miss is that, you don’t have to start a business big, you can start with something small and then that small thing would begin to rise to become the big thing you have always wanted. Have you thought of the sort of business you want to do?

Maybe you want to own a huge supermarket where you would want a lot of people working for you. Well, that is good but maybe you don’t have that kind of money to do that and might never have considering your salary, so what do you do? Do you just fold your hands and say good bye to it? Hell no! You can start small. How much can you spare out of your salary? Nothing? Okay, why don’t you save little by little until you have enough to put up a table with some small provisions to sell? Please do, whiles you sell, the profit would start coming in and then you can use the profit you make to enlarge your little business. Before you know it, you’d have a big supermarket with more cash to enlarge it if you want to.

Don’t say your salary is too meager, or that you can’t afford to or anything that makes starting your business impossible. You could be missing out on the much money you would have made. Risk that little money now for a better tomorrow when you couldn’t care less if your salary delayed or even did not come at all because you just might be making ten times more money than what you have on your pay cheque. But all these depends on your attitude and the decisions you make in that regard.

By: Abiro Belinda Bakantuma.