It was a sad and unfortunate story when I heard about a woman who works with a state government for 35years and retired as a director some few years ago. After her retirement, she started working as a teacher in a school as the head mistress.

She was the head of the school and was working for some years now. Only for the woman to break the silence that they only pay her 25,000 naira only. It was because she was beginning to become frustrated and that is why she decided to break the silence.

Well this article will show you some tips that you can do to change all that. How to be rich with a job is from sandalili.com for a better way of becoming financially free.

It’s not a new thing that most people will tell you becoming rich is 90% possible when you have a business. Which is true, but not everyone is interested in building a business. That is not to say that an employee won’t be rich when all they have is a job.

Well these article will show you how you’ll be rich having only a job. However, this is not a get rich quick scheme, but can be achieve when you have a workable plan and follow it genuinely. Below are some of the tips to help you be rich.
How to be rich with a job

1. Learn about financial education

This is your first step. First you need to learn some basic things about money, business and investing. This will give you insight about how money works and how to invest it.

Financial education, gives you the financial IQ you need to move from financial point A to B, to know what asset and liability are and so on.

Spend some time to read about money and investing by buying books, CDs and videos that teaches you about financial education. Also attend some classes about money.

2. Plan your investment

Now plan your investment. These should start by asking questions like, what will I invest in and how will I go about it. When you have a clear investment (s) in mind, then write a workable plan that will work for you. And stick to your plan. When you notice it’s not working, you can review your working plan again.

3. Pay yourself

One you get your paycheck, pay yourself first. That is remove the money set aside for investing.in his book, the richest man in Babylon, George Classon gave a formula that will help you pay yourself first. He said, it is proven that you remove 10% of what you earn and invest it. Keep doing it every month. Make it a duty that no matter what happens, you’ll stick to paying yourself first.

4. Invest for cashflow and not capital gain

Invest your money in an asset that keeps bringing in the cash. This is the basic difference between the rich and the poor. Let me use the example of a land to explain what I mean.

When you have a piece of land you bought at N30, 000 and after five years the land value is N1, 000,000, and you sell it, you’re after capital gain.

But the wise decision is to rent the land out, and every month or year, it keeps on bringing in money, means you’re after cashflow. Cash flow makes money coming in always and never stops as long as you hold on to the investment.

5. Reduce your expenses

We all love good things and what life can give in other to enjoy life. But many workers love acquiring things that create more expenses for them. Things like car, generator, satellite TV are some of the things that keep on taking money out of our pocket always.

They’re good things, but you need some investment that will take care of the investment in other for you to reduce the expenses. All am saying is, buy asset first and use it to finance your expenses and that will make it easier for you.

6. Start your own business

Maybe you can take the bull by the horn and start your own business. But if you want to go on this path, you’ll need to learn more about building a business.

For more tips on business, personal finance, inspiration and lifestyle, visit our blog http://www.sandalili.com

You can only be okay with a job, the probability of being rich with a job is slim.