“I have not seen Elon Musk build wealth through investing. Investing is for lazy people.”
This was the trending statement by Iyinoluwa Aboyeji, the co-founder of Flutterwave, that caught my attention.
To a great extent, that is true. I understand the underlying message he was trying to pass across: the real players are in business. And that is also true.
Here is the reality about building wealth: investments that bring overnight fortunes require massive upfront capital. Now, I am not disputing the value of investing. Please invest! It is better than squandering your money. But the real money is in business.
The active exchange of value for money generates real money.
No matter how great your Return on Investment (ROI) looks on a dashboard, always remember this fundamental rule: you earn far less than the diligent people controlling and running the business.
So, my advice to you on this matter is simple: add business to your investing.
Let investments protect and grows your money while you sleep while busineses remains your true engine for wealth creation.
And before you ask, “What if the business fails?” Let me remind you that your investments are not failure-proof either. Risk is everywhere.
So, I agree with Iyinoluwa. Business is hard. Investing is the “lazy” route. But as someone looking to build a fortress of wealth, you should do both.
Tomorrow, we will discuss the timing of these vehicles. We will see why you should focus more on business at a certain phase, and pivot into investing at another.
Keep building. See you tomorrow, if God wills.
Proverbs 10:4: “Lazy hands make for poverty, but diligent hands bring wealth.”
— Oluboba