As digital platforms continue to reshape economies across the world, Asaaju Peter, Chief Executive Officer of Phemight Technologies, has described social media as one of the most powerful tools for wealth creation in today’s digital age.
According to Peter, social media has evolved far beyond entertainment and communication, becoming a serious economic opportunity for individuals who understand how to use it effectively.
“Social media is the new oil money. Those who understand how to use it strategically are creating opportunities and generating substantial income daily,” Peter stated. “Today, some content creators are earning significantly more than highly educated professionals, and that reality reflects the growing power of the digital economy.”
He, however, clarified that his statement should not be interpreted as criticism of education or traditional careers.
“Education remains extremely important and valuable. This is not about undermining professors, academics, or professionals. It is about recognizing that the world is changing, and digital platforms now offer opportunities that cannot be ignored,” he explained.
Peter encouraged students, professionals, and entrepreneurs to focus not only on education but also on building a strong digital presence and relevant online skills.
“Most professionals are ultimately working toward financial growth and stability. My advice is simple: pursue education, but also invest time in building your social media and digital life because both can work together to create opportunities,” he added.
As digital economies continue to grow, experts increasingly believe that personal branding, content creation, and social media influence are becoming powerful drivers of financial success in the modern world.
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