Learn the basic in knowing career paths and and some ideas in career planning. Do you know the reasons why most employees didn’t get rich? lets talk these reasons one by one, if you are doing some of this reasons, you can change your habit and attitude so that you can become rich even though you are just an ordinary employee with a minimum wage salary. Are you ready to find the truth? If yes, then proceed, it not ready, you might want to read first the tips on how to become a self employed.
These reasons are just based on my conclusions, and observation why some employees didn’t get rich, and even though some of these are earning above minimum wage or they are in the field of high paying jobs.
Why Most Employees Didn’t Get Rich?
If you know the reasons why you are not wealthy, then you must avoid the following;
Reason #1 They are Not Frugal
Being frugal is the best buddy of saving, if you are frugal, you can save a lot of money, however, being frugal doesn’t guarantee you to make you rich as an employee, there are certain things on how to get rich even though you are just an employee, that’s why, it is recommended for all employees to read the tips on how to become happy and rich.
Reason # 2 They Spend their Salary Not So Wisely
Believe it or not, if you spend your money wisely, you can save a lot of money, there is a rule that you should prioritize your needs before buying your wants when spending your money, that way you are making yourself so wise, aside from being frugal, if you want to save much money, you have to spend your money wisely, a budget plan could help you and you can easily trace your money where they are going or spending.
Reason # 3 They Enjoy After Work and Make Impressions that Didn’t Last
They don’t know how to cope with financial peer pressure. They enjoy in any means, they treat their friends with food and any other leisure activities, they go wherever they want, they spned their money as if that is the last night or day of their lives, they don’t mind the future, they will wait for the next pay day, and they intend to borrow money for their allowances, transportation, if this is your habit, avoid it now, stop it, for it is not a safe habit for your financial future.
Reason # 4 They Love Salary Loans
Hehe, they love to loan, specifically salary loans, if you are reading this article, If i were you, I will clear all my debt first, and stop borrowing money from any loan company, remember and follow the rule, “earn before you spend”. That’s a golden rule, do not spend money that that is not yours, please always be faraid of loan interest for if you will just make yourself frugal, and spending your money wisely and live within your means, you will never in short of “money”.
Reason # 5 They are Contented as Employee
They don’t know how to start their own business, or some knows about it, but they are afraid of losing their job, they are afraid of losing money, hey, in this world if you want to make a lot of money you have to use money, you have to use money as a starting capital of your business.They want a relax job, sitting, typing, chatting in the office. If you want to get rich, you must set a goal and plan and start your own business, so that you have another source of income aside from your salary.
Career Paths and Ideas
I wish they were, for they will become richer and richer as they are working in a long period, 20 years, 15 years, so what is mean by financial literacy? A financial litreate employee must know how to spend his money wisely, he knows how to budget his money, he knows how to save money and most of all he knows how to make his money grow over time with the use of different investment types.
Please read the tips on how to become financial literate, and share the knowledge so that other employees will get rich too. I hope you really like this blog especially this point of view about why most employees didn’t get rich. I hope you will become rich and may all your dreams come true.