Sometimes, 9 to 5 jobs get a bad wrap. We are told that to build serious wealth, we need to start our own business or hustle 24/7. But, that’s just not true.
Your 9 to 5 job offers all the components to build wealth. Wealth is built through a relatively simple equation, and it looks like this:
Wealth = Income + Investments – Lifestyle
Our income can come from any source, like our regular 9 to 5 job, starting a business, odd jobs, or side hustles that we do over the weekend.
To build wealth using our 9 to 5 job, we are going to focus on four primary money techniques: increasing our salary, building our emergency fund, investing as much as possible, and controlling our lifestyle.
Increase our salary
For most of us, our salaries are how we earn money. And naturally, the more money that we earn, the more we can save and invest. And, that’s the key.
The saving and investing part.
To increase your salary:
- Show up every day and do a good job
- Be one of the most dependable workers in the office
- Ask for raises and promotions (when they make sense);
- Stay in touch with former coworkers and switch companies;
Every time I moved companies (usually a referral from a former coworker), I got a 15 to 20% raise. When a better opportunity comes up, don’t be afraid to take