In These 5 Pyramids Of Wealth, Where Are You?

In the much talked about five pyramids of wealth, where do you locate yourself?

Are you arrogating to yourself, a socio-economic status based on mere assumptions, with all its negative repercussions?

These questions are germane for anyone who seeks a dispassionate guide to a life of wealth creation or sustenance.

It is the first important step to self realisation, albeit to coming out of lack and entering the realm of wealth

 The following advisory, initialed by a financial coach, Olumide Emmanuel therefore provides an incisive rundown on the five pyramids of wealth.

It is not only to enable individual persons’ assessment where they currently are on wealth ladder, but to propel them to a life of financial sustainablity:

 In the pyramids of wealth, we have five sets of people.

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1. Financial Crisis: The first set are people that are in financial crisis. They are on the bottom of the triangle, in financial crisis, nothing is working.

They don’t have jobs and so are begging for urgent N2k here and there,, asking, can I send my account number?

2. Financial Instability 

Next to them are those in financial instability. They are not in crisis! Some of them work but may be, earning N50k, but by the end of the month, may have borrowed N20K, so that by the time they collect the next N50k, they return the borrowed N20K. For this set, their take-home cannot take them home

Image courtesy of Prosperity Thinkers

They are making money but the money is not enough for what they need, so, they are unstable.

3. Financial Stability: There is the third set of people – financial stability. These are people we call the middle class, or lower upper class.

They are working, have good salary that can take care of them. They might even be landlords. They travel abroad and their children might be in good schools.

These people are financially stable but they are the most unseen set of people in that triangle because they think that all is well, but all is not well.

The reason why they are stable is because they have a good source of income. The day they lose that job, in three months, they have gone down.

You could say that they are big boys but they are just poor because everything they have is based on the income coming.

So, every month, they earn N6.5m, N6m.

So they can even have a house, cars be traveling abroad.

They have some money in their account, so they think they are big: let , let some crisis touch them, let them lose their jobs, they are back to instability.

4. Financial Independence

Then we have people that are in financial independence in the five pyramids of wealth. That’s where you start talking wealth.

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While you are in financial independence, you are in a stage where you have enough assets, and the money flowing from those assets can take care of your needs and more.

You work o, you don’t, money is flowing in.

5. Financial Freedom:

There is another realm above that – financial freedom.

When you are in financial freedom, it means it is not only about you: you could decide to take care of 1,000 people every month because life is about impact.