The Managing Director of EDC Ventures Ltd, Paul Kofi Mantey has exhorted laborers to have numerous streams of pay in arrange to accomplish monetary freedom.

Concurring to him, it is sweet for one to have a salaried work but that's not sufficient for monetary freedom. “Compensation is the medication for overseeing destitution. Compensation does not cure destitution. It is as it were venture or a trade that might cure destitution. Ready to’t all run a trade, but everyone can contribute,” he clarified.

Mr. Mantey said this on JoyFM’s Super Morning Appear on Tuesday. The discourse was centred on how intense audience members of the appear are faring fiscally after the Christmas and Modern Year celebrations.

Mr. Mantey clarified that, “when we conversation around monetary freedom, we’re basically talking almost getting to that organize in life where you'll support your craved lifestyle without compensation. It does not cruel you wear’t ought to work. But you get to that point in time once you work since you need to work. In the event that you wear’t work, you’d still live the life you need to live.”

The Budgetary Master shared the story of a educator who wins less than GH₵4,000 but has been able to create extra cash through ‘side hustles’ and speculations.

“Two days back, I got a call within the evening from a educator who said see, our school had a withdraw a few five a long time prior and you came to conversation to us and I took it genuine. Typically a instructor who is on a compensation of approximately GH₵3,500 or GH₵3,800. When the man called me two days back, his venture had crossed GH₵600,000.

“He says see, I’m a instructor. My compensation is less than GH₵4,000. But at the minute, I am making month to month intrigued of GH₵8,000. So my month to month intrigued at the minute is more than twofold of my compensation. But it has not been simple. I had to fix my situate belt.”

Mr. Mantey assist clarified that, “he’s a instructor so he’s able to do a few side employments. He would instruct one child here, instruct another one there and he’s in a private school and the guardians tend to pay superior when it comes to extra educational cost.”

The Budgetary Master underscored that in the event that one’s work permits for ‘side hustles’, it is sweet to do something in expansion.

“I know a financier who is additionally a DJ. On the off chance that you cannot make extra cash by a ‘side hustle’, at that point at slightest contribute. Speculation would allow you a few salary in expansion to your normal compensation ,” he prompted.

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Emmanuel Amoabeng Gyebi

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