Scalable income sounds like a sweet rhyming word, but I will break it down for you to get what I mean.
Many times people complain about their wives, boss, family, church members, colleagues, friends; look very well, it all boils down to money.
Money governs everything, or as some would say, answereth all things.
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Now, in Nigeria my country, many people are thrilled with getting a job, and once they get the job they feel relaxed and complacent.
Ten years later, you still see them on the job, being all grumpy about it, yet refusing to quit.
But then, when they compare themselves to their ‘mates’ who don’t have a ‘job’, it feels like they’ve been overtaken.
Scalable income simply means income that can grow. Now, when you get employed at a job, you are being paid for your skills and time.
But the difference is, while your pay is sure, it is fixed. Even in cases where promotion is attainable, you find out that before the promotion comes, it takes at least 7-10 years.
To get scalable income, you need a side job while at your main hustle.
Whenever, side hustle is mentioned, you may want to complain that you have no time. But in 20 years from now you will still have no time.
The danger in this is that, as you grow your expenses scale up (grow). If you are on a job where your income is fixed, you might be doing okay today, but what happens when your expenses have now scaled hugely over that your fixed income.
It doesn’t necessarily have to be a business. Start with a digital skill. Your earnings might not be enough at the beginning. That is why you should stay at your 9-5, to get money to pay bills
But, you should keep on with the digital skills, as your expertise increases so does your income increases too.
For this job, you see above, there was a time I took similar jobs for 20k and even 17k. But as my expertise scaled up, so did my income.
You can’t grow rich off a job! Seek a side hustle, most preferably a digital skill and invest in yourself.