The most common reason your salary is not enough is simply because you do not earn enough money.
The sad part is that many people are underpaid, and if you find yourself in this predicament you have three options. You can discuss the possibility of a raise with your employer, find a better job or create an additional source of income.
The truth of the matter is that your lifestyle costs rise as life happens. As your family grows and your needs change the amount of money you need to finance your lifestyle goes up. School fees, entertainment costs, tax increases and other miscellaneous monthly costs can add up, especially if you are spending more than you save.
As An Entrepreneur, Salary is not enough, especially In Nigeria with millions of Unstable Financial Budgets. When you make money, you get paid more. It is not that you are being paid each year. And you don’t have to wait for someone to give you a raise.
You get to keep the profits. You pay the expenses. And if you are doing it right, this will end up being a good deal, and also you’re viewed as leader. This increases confidence. People say “you have a brilliant business model” and all sorts of other compliments that are very nice. And to be honest, ones even though you’re not sure you have truly earned. But it is a very nice side benefit!