This book gives you Biblical directions and principles about other sources of income apart from salary. Many people have been taught from childhood that if they want good life they must study hard, get good grades and a big salary. Unfortunately, salary is limited. Many times it cannot take you to the month end. A week after you are paid you are already broke and start thinking about where you will get the money. You look for quick loans. Banks and companies that give salary advance or mobile loans become your friends. Although you don’t like your insufficient salary you still don’t create jobs. Your job or salary for that matter is supposed to be one and not your only income source. Even the Bible says when God gave Adam the responsibility to tender the garden of Eden, He gave him four different rivers. You must have four different streams of income or more that feed you. Don’t just depend on one stream or your salary alone given the pay gap and stagnating salaries. I am not saying you should not be employed. No! Your salary is a stream of income and can solve your short term needs. Learn to create another income stream besides your salary. This is what this book is telling you.
Salary is a reward received from service rendered. It is a fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum. However, information on real pay trends especially in public service shows employees receive pay levels that are too low and uncompetitive. Average basic salaries in the public service provide only a low purchasing power. A critical analysis of the purchasing power shows that salaries and wages can only give you marginal survival power which does not provide for adequate nutritional needs. Salary can only allow you to meet your immediate basic needs including food, clothing, minimal shelter, transportation, healthcare, education, etc. Salary allows you to make a short-range small amount of discretionary income planning. If you depend on it you are living from paycheck to paycheck for sustainable living. Basically, salary is limited. It merely allows you to get small amounts of money (savings). This is why nobody has ever become rich by using salary. People who have spent between 30 and 35 years of their lives working are still retiring into poverty.
On the other hand, the majority of those still employed, live on loans. They use one loan to service another again and again and the rat race continues. This shows that it is difficult to become wealthy on a salary alone. There are a few employed people who have high salaries. We sometimes admire them thinking they are rich not knowing that they only have high salaries. When they retire or become terminated is when we know that they were not wealthy but they had a high salary. High salaries can be deceptive. They make you feel rich. I am not saying you should not be employed. No! Paid employment or your job is a stream of income. Your salary can solve your short term needs. Because when you are employed, every month a fixed income is coming. This gives you room to focus on other things that will take time to build.
What am I saying? Do not depend on salary alone given the pay gap and stagnating salaries. Depending on one salary is dangerous. Learn to create another income stream besides your salary. This is what this book is telling you. Did you hear what I said? Learn to create another income stream. Even the Bible in Ecclesiastes 11: 1-2 says:
Cast your bread upon the waters, for after many days you will find it again. Give portions to seven, yes to eight, for you do not know what disaster may come upon the land.
Looking at the above Biblical maxim you will see that even the Bible speaks of the essential of having multiple income streams because you don’t know what disaster will come upon the earth. What disaster is the Bible speaking of here do you think? It could be economic or market trends changes, unprepared retirement, termination, pandemic or a plague like COVID 19, and so on. So, the Bible doesn’t just suggest having one or two income stream, it says 7 or 8. The Bible talks about apportioning- giving a portion to 7 or 8. Don’t have just one income stream. Have 4, 7, or 8. Don’t put all eggs in one basket. Smart people have learned that with multiple streams of income, you can avoid putting all your eggs in one basket. Diversification is the key.