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Can An Employee Ever Be Richer Than His Employer?

is it possible to have someone on ur payroll, yet the person is richer than you are? What are the possibilities if they exist?

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25 answers

You're equating "trying to be richer than your employer" with stealing. That's very dishonest of you.

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Hey hey!!! Someone I know tried getting richer than he's employer and was showned is way outta the company. And another person I employed in my fish farm did the same thing and ran down the whole farm. And these funds did'nt even show on him. I can't imagine where he spent all the money. Cos he still lives in one room. Though I was'nt in his village and I loss 900k to this ripper!

Rule is: U gotta be a real ripper to be richer than ur employer while working under him and getting no funds from elsewhere.

Thats why when most Manager notice an employee being to smart they keep an eye on them or fire them for no reasons.

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Yes, why not. In fact, every employee should strive to be richer than his employer. Definitely you are not going to work for that company(private company) for the rest of your life, you've gotta make it on your own.

I know a brick-layer working for a brick/block-making factory who has his own/personal low-down 190e.

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the business owner rules

Just make sure you learn the basics of starting a business before jumping into one. A lot of folks say start your business bla bla bla but i strongly believe it should study entrpreneurship basics and then start your business.

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"mickyplus

especially in one man business? How?

just curious

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yes its possible, its all bout the way the money u make is used and saved

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All things being equal,  The employee can't be richer than the employer.

In the case of Bus driver and Bus owner, \

The owner can only peg the amount to be delivered but not the amount the driver can take home.

So even if he makes 100k and the delivery due is 5k then he owns the rest.

The owner also bears the major risk (repair servicing etc etc).

Business Owners Rules!

E / S / B / I

CashFlow Quadrant

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are there things like forclosed properties in nigeria? never heard bout that,are dey cheap when u wanna buy like in usa? strange.

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Banks are not unaware of that trick. They'll just demand collateral. Your family house. Then when you default on the loan, they'll seize it and sell it to get back their money. And you'll be on the streets!

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Some people will get a little money and immediately start spending. Because they have "arrived". When banks offer give them credit, they believe they must not allow their credit rating to "waste" by not borrowing.

If your employer is like that, then you can be "richer" in a sense because your empployer might have more debts than assets. But he/she will be spending more every month despite the debt. Extravagance is a deadly affliction of many Nigerian businessmen. Given that, you might find yourself richer than your employer!

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It is Possible, if the Employers has little or no profit and alot of financial responsibilities (debts). whereas the employee is collecting his or her own salary whether there is profit or not. Most Businesses especially in Nigeria exist to barely survive not to make money as it is very difficult to make a profit.

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its possible if the gal is married to a rich guy.

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Nigerians should stop this "job, job, job" nonsense and start their own businesses. Instead of wondering whether your boss will pay you enough to be richer than her, go and start your own! The people that run their own businesses are human beings just like you. Most of them were not even born in rich families.

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Technically speaking, the bus driver/conductor isn't employed by the owner in the typical Nigerian arrangement - he just leases the bus to them for a fixed fee.

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Good points so far ! the truth is, putting into consideration so many favourable factors, it is just too possible for employee to be richer than the employer. e.g inheritance, investment, e.t.c.

In a country like naija where everything and anything is possible, u'll be suprised when u find out that someone you are paying is damned richer than urself ! like example oldglory gave above, bus driver and conductor being richer than the bus owner.imagine that !

It is however not very possible in a normal scenario where all things are equal.

Cheers

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Old glory,

True, true talk LOL

If na naija, yes, especially the "nwata w at" crowd.

I stand corrected LOL

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My2cents

It depends on which country the thread owner is talking about. Many Bus drivers/Conductors in Nigeria, are richer than the owner of the bus. Lolol, am i lying?

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nothing is impossible!

But not usual in this part of the world or in the mid level

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the answer is simply YES, OF COURSE. if the employee inherited money from parents or if he has made money from a previous business venture.

its like asking if a son can be richer than his parents

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It's very possible. Someone might have their own burgeoning business on the side but remain employed with someone esle because of the security, i.e. you don't know if your business might collapse so you remain employed just in case.

Sometimes people are extremely rich "on paper" (in the form of stocks, investments, etc) so that's another way. A few people put part of their disposable income into short term, high risk investments and when it pays off, it usually pays off big.

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Yes. If d employer is a spend thrift i tell u sooner or later d employee is gonna get richer than his employer and like diddy rightly said if he has another business,then d righes ' gonna double in a fell swoop.

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it is not possible unless the person has other business or inherited money from his peps or someone else or the person won lottery. if the person works under you and you pay him and he aint got no other business, their aint no way he will be richer dan you. it will only be possible if he has other investments.

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