I always say, very soon the middle
class will vanish and you will either be rich or poor. And that is why
you need to take control of your personal life, finance, business and
investment. Taking control of these areas of your life requires that you
have the knowledge of money.
The first thing you need to understand
about money is; what is money? As defined by Economists; money is
anything that is accepted as a medium of exchange in a commodity market.
During the agrarian age, farm produce,
fish and animals were accepted as medium of exchange. In the industrial
age, gold, copper and steel, artistically carved into coins were
accepted as a medium of exchange. When they were becoming too heavy to
be carried around in bulk, banks notes were introduced. But in this
information age, those who are still seeing money as coins and banknotes
are probably left behind in the industrial age.
In this age, it is important that you understand the system of money because money flows through its own very system.
Everything around is a network of
system. The sun knows when to rise and set. The moon knows when to light
up the sky. The rain knows its season. And so does the snow. These
elements obey the network of system in the universe as designed by the
creator—God.
The human body is a network of system.
You do not need to press a button to jumpstart your nose, eyes, ears or
mouth. There is no special button designed on your body to help you
regulate the pulse of your heartbeat. Your body is a network of
respiratory, circulatory, nervous and what have you systems. And they
drive the entire machine.
Your car is a network of system. When
you turn the key in the ignition, it will send a message to the battery.
The battery will send its own message to the engine and whatever
happens in-between puts the car into motion.
Everything around you is a network of
system and so is money. When you don’t understand the system of money,
you will be working hard to make ends meets. The system that multiplies
money was designed and categorized into four platforms. The platform
you choose to operate from will determine how successful you will become
financially.
The first platform is the employees’
platform. On this platform, you are just a tiny part of the entire
system that generates money for the owner[s] of the organization. For
example: if you are a manager in an organization, you and your entire
team were employed to generate money for the owner[s] of the business
and at the end of the month; you will receive your wages called salary.
Operating on employees’ platform, your employer controls the money you
earn as well as your time. So your chances of becoming financially
successful or rich to be precise are limited because your employer sets
the standard of your earnings and controls your time.
Self employed platform. On this
platform, you are just an advance employee who has total control of his
time, decision and money making channel. Here you are the entire system
of your own enterprise. If you are on vacation, your business is on
vacation. If you are sick, your business is sick too. Whatever happen to
you, affects your business too. How you manage your time, skills and
experience will guarantee your income, but it is limited to how hard you
can work to quickly turn over your working capital.
Business owners platform is the third
platform and the primary platform where the rich makes more money than
they need or want. On this platform, you can be part of the system or be
holidaying in the Caribbean while your entire employees are working
tirelessly to make more money for you. Although it is not easy to build
your business to this point, but if you eventually do, then you will
enjoy the unlimited chances of making more money than you need or want
as long as your structured system is strong enough to do so.
By: Alfred Ade-Ijimakinwa
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