Walter Okpala: What do you do with your bonus 2?

Walter Okpala: What do you do with your bonus 2?: What do you do with your bonus? This a question asked by many people. Organizations, especially, the big ones pay their employees bonuses e...

What do you do with your bonus 2?

What do you do with your bonus? This a question asked by many people. Organizations, especially, the big ones pay their employees bonuses every year. The value received depends on the performance of an employee in reaching targets pre-established by their companies. Depending on the position of an employee, he or she can receive $100,000 or more. 

     What do people generally do with their bonus? I noticed some use the money to buy new cars. Others use it to travel while others even spend the money on paying rent in richer neighborhoods. It is intereesting that many people want to be wealthy, but do not make any sacrifice towards it. What are the common needs of workers?

     The common needs are generally skill acquisition, second language acquisition, educating their children, buying their houses, preparing for their retirement, among others. Why is it that only the majority invests in the afore mentioned needs? Someone does everything to get money in order to fill the needs. However, these important needs are not met. Instead, the person prefers investing in leisure and entertainment. 

     In the next posts, we will look at how you can use your bonus effectively in building wealth. Think about it!

      

  

Walter Okpala: What do you do with your bonus?

Walter Okpala: What do you do with your bonus?: There is a question that always arises with respect to building wealth. What do you do with the yearly bonus you receive from your Company?...

What do you do with your bonus?

There is a question that always arises with respect to building wealth. What do you do with the yearly bonus you receive from your Company? How can it be a source of wealth for you? Think about it!

Walter Okpala: How is your project?

Walter Okpala: How is your project?: The first month of the second quarter is finishing. How is your project for the quarter or year being executed? Is it moving at the correct ...

How is your project?

The first month of the second quarter is finishing. How is your project for the quarter or year being executed? Is it moving at the correct pace or very slowly?
Check it!

Walter Okpala: How can you participate in the knowledge economy?

Walter Okpala: How can you participate in the knowledge economy?: Sometimes you hear people talk about knowledge economy or the era of knowledge. In this post, I will first define what a knowledge economy ...

How can you participate in the knowledge economy?

Sometimes you hear people talk about knowledge economy or the era of knowledge. In this post, I will first define what a knowledge economy is and give some tips on how one can benefit from this trend.

     Knowledge Economy is nothing but economy that is driven by knowledge. Simply put, it is the transformation of knowledge into products and services. Although this was also done in the past, however, only people with factories or infrastructure could do that. That is, only big companies could afford it. Today, knowledge economy is used more than ever because of the internet. The internet makes it possible for anyone transform his or her knowledge into product or service without having to invest a lot of money. Some examples are Facebook, Twitter, Google, Yahoo, etc.

     The second question now is: how can one participate in this trend? In order to participate in a knowledge economy, you must have an idea. Secondly, your idea has to be transformed into action or execution. However, your idea cannot ideal before trying it. Many people are not successful because they never try anything. Having idea is one thing, having the courage to execute your idea is another thing. Quite often courage is more important than the idea itself. Your first idea may not be successful, but will lead you to many other possibilities. That is the essence of entrepreneurship. However, entrepreneurship is not limited to starting your own business. It can be applied to your job.

     This will be the subject of the next post.

  

Walter Okpala: Misusing your time 3

Walter Okpala: Misusing your time 3: In this post, we are going to look at another time stealer - the internet. Many people are today connected to the internet, or what is call...

Misusing your time 3

In this post, we are going to look at another time stealer - the internet. Many people are today connected to the internet, or what is called the digital age. With this wonderful instrument also comes the problem. Internet is one of the most important inventions of mankind. It allow us check any information we want on any subject or about someone. However, wrong use of the internet can impose a problem to many. 

     For example, many people use internet today to obtain information that cannot contribute to their well-being. The worst part of it is that people are becoming addicted to the internet. A practical example of the wrong use of the internet is people who spend all their time reading about celebrities in real time. Another example is spending time watching useless videos on YouTube. It is unbelievable that about 80% of the people use the internet for entertainment instead of using it for obtaining information and knowledge.

     People use the internet to know about their celebrities, but cannot use this wonderful tool to study geography, mathematics, and other subjects. Even to do research is something of another world. Internet is a wonderful tool, but has to be well used. Wrong use of it puts you downgrading instead of upgrading your success. It is impossible to reach success while spending your time on things that cannot contribute to it. Think of that!