Topic of the Day

9-5’s can be wealth building tools

If you’re active on X (Twitter) or Instagram, you’ll notice a lot of people talking about how 9-5’s are trash and how you should quit as soon as possible and build that business you’ve always wanted to build.

I’m here to tell you that’s all bullshit a bunch of lies.

9-5’s can fuel your wealth, if used properly.

Hear me out…

For myself, a 9-5 has been a blessing in disguise.

I’m not denying that it takes up a lot of my time throughout the week and can sometimes be draining mentally, and even physically.

But if you’re in your 20’s and 30’s, a predictable income from a 9-5 can move mountains.

The salary I earn provides me with a stream of income that I know will be deposited into my account every 2 weeks.

With that, I know exactly how much I’m going to be investing and can use some of that income to fuel other things like my side business.

It’s like a margin of safety.

But that’s not the only benefit…

Some employers offer compensation programs like Employee Share Purchase Plans and other various retirement savings programs.

This is when things get fun.

I’ve always been an advocate for working at a public company when you’re young.

The reason is simple:

Most of these companies will offer you shares and will even match your deposit up to a certain amount.

It’s free money.

Who said there are no free lunches?

I’ll use myself as an example to hammer this point home.

Within my 3 years of working for my company, I’ve accumulated enough shares that I now get paid ~$500 every 3 months in dividends.

An extra $2,000 in my pocket just from simply contributing to an account that takes my money automatically every pack check.

I don’t have to lift a finger and I don’t have to think about it.

Every dividend gets reinvested into more shares and it’s building my wealth in the background.

So whatever I make from my gross salary, I can add another $2,000 on top of that.

As I accumulate more shares, this number will only rise.

As my salary grows, this number will continue to rise some more.

Not only are these programs wealth building tools, but you may also get access to benefits.

Depending on what your company offers, benefits can be a game changer.

Coverage on dental work, eye examinations, prescription drugs and maybe even a health spending account you can use whenever you’d like.

I haven’t paid for my gym membership or a paid of running shoes in 3 years.

These all get covered by my company.

And sure this may seem like small and insignificant expenses, but it allows you to allocate those funds somewhere else.

Maybe an online business you want to start.

Or maybe to top up your investments.

Or maybe even upgrading your subscription to premium so you get access to the meat and potatoes of The Profit Zone, where we do deep dives into high quality stocks, I share my watchlist and what stocks I’m looking to buy, as well as full transparency of my stock portfolio.

The world is your oyster my friend.

So before you take the advice of some random person online yelling at you to leave your 9-5.

Think long and hard about your current position.

If you didn’t have the predictable income, how would your life look?

Would you be able to sustain your lifestyle?

Would you be able to continue funding your side business?

Are you financially secure enough to take on a variable income that could fluctuate every month?

The decision has to make sense for your own situation.

And when you think you’re ready to push the 9-5 to the side, wait another 6 months.

That extra buffer will allow you to really think about your current situation and if it makes sense to venture off into the world of entrepreneurship full time.

Be careful who you take advice from.

See you in the next one!

Alex (The Dividend Dominator)
Founder and CEO of Dividend Domination Inc.

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