What I want to share with you is the secrets why it is easier for a blue collar person to be rich than a white collared person.
Managing finances is one of the things I like talking about. This is because it is a topic that is taught in so few places.
It is not taught in schools; neither primary nor secondary. Not even university. You would think it is taught in Church. Is it? No my dear.
So, a lot of persons never really learn about money intentionally. They just copy habits, habits from their parents and older ones.
Many times, this is why it is very easy for children of the rich to remain rich despite being lazy, because subconsciously, they learn the money habits of the rich
What is Blue Collar Job?
Blue collar jobs, are jobs that are not necessarily in an office setting. Jobs that requires physical or manual labour.
Historically, most of these jobs were done putting on a blue collared shirt, sometimes, denim shirt, hence the name.
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The blue collared jobs are the jobs like plumbing, painting, interior designers, etc. The jobs involved in manufacturing,
What is White Collar job?
White collared jobs are jobs that are done in an office setting. Jobs that requires a formal way of dressing.
Blue-collar jobs typically refer to people working manual labour jobs, while white-collar jobs require people to use strategic thinking to complete a series of ongoing projects.
Now, the white collar jobs include the clerk, the accountant, the doctor, lawyer, lecturer, etc.
So why is it easier for the blue collar person?
Now, first off I want you to understand that income is not equal to wealth.
That someone is earning high income does not mean that person is wealthy.
The white collar jobs are usually done by people with higher educational degrees. People who spent quite some time in school studying. You might even want to say people who joined the labour market late.
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But here’s the thing. The white collar people, no matter their income, are expected to dress a certain way, ride a certain car, live in a certain neighborhood. Whenever there is a call for donations, they are the first to call upon.
The society subconsciously places a standard of living on them. Many times the white collar people accepts this standard of living and begin to live in it.
When there are calls for donations, who do they go to? The white collar people. Understand that while the white collar people may be earning high income, it doesn’t mean they’re wealthy.
Wealth is not measured by how much you spend
I want you to see this analogy.
Emeka earns N550,000 and Emeka spends N540,000 monthly.
Ade earns N200,000 and Ade spends N80,000 monthly.
Between Emeka and Ade, who is richer? You may likely say Emeka. But here’s why I say Income does not equate wealth. Wealth is not measured by how much you spend, it is measured by how much you accumulate.
In Wealth accumulation, you have to decide, if you are an Under Accumulator of Wealth (UAW) or a Prodigious Accumulator of Wealth (PAW).
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Most of the blue collar people, the society places no expectations on them. They are not expected to dress a certain way, live in a certain neighborhood, drive a certain car.
Now I want you to understand that not just because you are a blue collar person, translates to you ending up rich. You have to decide personally that you want to be rich! Choose your lifestyle habits, budget, be frugal and yes, you can be wealthy!