{"id":114917,"date":"2026-02-11T11:25:37","date_gmt":"2026-02-11T11:25:37","guid":{"rendered":"https:\/\/sotnews.agency\/?p=114917"},"modified":"2026-02-11T11:25:37","modified_gmt":"2026-02-11T11:25:37","slug":"you-dont-need-a-huge-salary-to-build-wealth-focus-on-consistency-paul-mante","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=114917","title":{"rendered":"You don\u2019t need a huge salary to build wealth, focus on consistency \u2013 Paul Mante"},"content":{"rendered":"
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The Managing Director of EDC Investments Limited, Paul Kofi Mante, has said that people do not need a huge salary to build wealth, but must instead focus on steady income, consistency and time.<\/p>\n

Speaking on Joy FM\u2019s Super Morning Show during a discussion on compound interest and the benefits of starting early, Mr Mante said many people wrongly believe that only high earners can become wealthy.<\/p>\n

\u201cThere is something about money we need to understand. And once you understand that, you don\u2019t need super income to become rich. You don\u2019t need a super income to take advantage of the power of compound interest. You need a steady income.\u201d<\/p>\n

He explained that compound interest rewards patience and discipline rather than sudden financial gains. According to him, the key ingredients are consistency and time.<\/p>\n

\u201cYou need consistency, you need time. And we have said it over and over, it\u2019s not going to happen overnight. You\u2019re going to build up little by little,\u201d he said.<\/p>\n

Mr Mante said that wealth creation begins with the right mindset. He referred to what he called the \u201claw of first creation\u201d, which suggests that success is achieved first in the mind before it becomes reality.<\/p>\n

\u201cThe law of first creation states that everything is created twice. First mentally and second physically. Without the first creation, you cannot have the second creation,\u201d he explained.<\/p>\n

Applying this to personal finance, he said major financial milestones must first be accepted as possible.<\/p>\n

\u201cYour first million Ghana cedis, your first million dollars will be created twice, first mentally and second physically. So let your mind accept that this is possible,\u201d he urged.<\/p>\n

He encouraged listeners to begin their investment journey, even if they start with small amounts. \u201cLet\u2019s start the journey little by little, we can get it,\u201d he said.<\/p>\n

Mr Mante also questioned the traditional belief that getting a good education, securing stable employment and working until retirement is enough to guarantee financial security.<\/p>\n

\u201cGone are the days when the traditional thinking worked. Get a good education, find a good job with some secure benefits, work till you\u2019re 60, and you get a good pension. It belongs to the old school.\u201d<\/p>\n

He warned that such an approach \u201cdoesn\u2019t work in the year 2026 and beyond\u201d, saying there is a need for individuals to take active steps to invest and grow their money over time.<\/p>\n<\/div>\n

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The Managing Director of EDC Investments Limited, Paul Kofi Mante, has said that people do not need a huge salary to build wealth, but must instead focus on steady income, consistency and time.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[16715,16716,1883,10,9],"tags":[],"class_list":["post-114917","post","type-post","status-publish","format-standard","hentry","category-compound-interest","category-income","category-national","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/114917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114917"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/114917\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}