Working for Someone Else ….Won’t Get You Rich
A lot of people have big dreams of running their own business and being their own boss, especially in this economy where small businesses are flourishing.
You have an idea for a business, store, or service you’d like to start?
?I’ve had many ideas, but something always keeps me from acting on them. Usually, it’s initial capital. I always feel like I need to bide my time working at my current job, saving up as much as I can, then try to launch my own business once I have my savings built up.
This seems like a practical approach, right?
So why am I still not working for myself?
?Because I’m not taking risks.
To get rich, I have to be my own boss. And to be my own boss, I have to take a risk, put myself out there, and make my money work for me.
Bill Gates dropped out of Harvard to start a software company. He was in school, learning technology without a definite study or career plan, until his friend wanted to open a business with him. So Bill became a partner in a company; then… well, you know the rest. You know what happened because he became one of the richest, most successful people in the world, all because he took a risk. He left one of the best universities in the world to start a business, and look how that paid off !
Pretty inspirational, right?
What can you do to make this type of success happen for you?
So if you look at the ultra-rich, you'll find that most of them have had most of their income from owning companies, or from investments, and not from salary.
But if you look at the moderately rich, then the opposite thing is true. It comes down to variance.
Would you rather have good odds of modest wealth, or low (but nonzero) odds of extreme wealth?
Disclaimer:?The information on this POST is not intended or implied to be a substitute for professional advice. The opinions expressed within this article are the personal opinions of the author. All content, including text, graphics, images and information, contained on or available through this article is for general information purposes / educational purposes only, and to ensure discussion or debate.
Thank you ...The thing with entrepreneurs and is that everyone talks about the few who succeed, but everyone forgets about, or never know about in the first place, the many more who fail. (or who don't fail outright, but who end up making LESS money than the founders would've made in a conventional job)
You’re building someone else’s assets.
When you’re working for someone else, you’re helping them. This is well and good if you believe in the cause and just want to get by in life; but if you want to get rich, you’re only hurting yourself.
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You’re spending at least forty hours a week focusing on someone else.
What about you, and what you want to do?
?Imagine if you have 40 free hours to work on something for yourself.
It’s a lot of time, right?
Once you get out of your comfortable career rut, you’ll have those forty hours to dedicate to yourself and your own assets. Everything you put into yourself and your business will come right back to you. The money you spend for the business can be deducted from your taxes, and any income is yours alone!
Do you want to add a word or two ?........
You become too comfortable to take risks.
My main problem is that I have a job, which means I have income. I can pay my bills. I have a little left at the end of each month to put into savings. It’s comfortable! I don’t need to change anything.
Which means I haven’t?
You have to push yourself to make a change in a comfortable lifestyle. If I lost my job, I’d have no choice but to kick-start my dream in order to have a job and income!
So do something to shake up your life, and see how one change can push you to take charge and change everything.
Your comments........?
Almost everyone has been afflicted by procrastination at one time or another —?that nagging menace that compels us to put things off for another day, another time.?For some people, it is a persistent problem, and for others, it appears in only some areas of their lives.
The result, though, is the same for everyone —?increased anxiety, wasted time, poor performance, missed opportunities, guilt, excusing ourselves and avoiding people who depend on us. Procrastination is not a trivial problem —?it causes suffering for many people.
Almost everyone has been afflicted by procrastination at one time or another —?that nagging menace that compels us to put things off for another day, another time.
?For some people, it is a persistent problem, and for others, it appears in only some areas of their lives. The result, though, is the same for everyone —?increased anxiety, wasted time, poor performance, missed opportunities, guilt, excusing ourselves and avoiding people who depend on us. Procrastination is not a trivial problem —?it causes suffering for many people.
We spend our time on easy tasks and say that we are so busy that we cannot get to the major project. We might answer phone calls, read e-mails,?clean the living room, have lunch —?anything that we find simple and are emotionally prepared to do —?rather than face the task that we really have to do.?
Managing Director at DAYALIZE
3 年We tell ourselves that we simply had to clear up these trivial tasks before tackling our project and there was no time left. Thus we gain some satisfaction from busying ourselves and alleviating our guilt, but the major task is never finished. It is easy to externalize blame. “If only I had gotten that promotion, then I would be more engaged in my job.” “If only my partner would do the laundry, I would have time to do the things I need to do.” ?“If I had a faster computer, I would find more enjoyment in sitting down to write the report.” The problem here is that we selectively focus on one excuse and ignore the reality of the total situation. The simple truth is that we have a project to do and we have to take into account everything that helps or impedes us, and then move on from there. Things are seldom perfect in anything we do. Our society places great emphasis on doing the best job every time. When we try to please other people, rather than ourselves, we run the risk of rejection and failure.?Perfectionism has its place. After all, it can help motivate us to get started and to do the best job we can. But taken to the extreme, perfectionism can also inhibit our efforts completely. “If I can’t do the best job possible, I’ll do nothing at all —?or at least not until I absolutely have to.” Coming to terms with perfectionist tendencies can be a challenging but healthy process. We can examine why we need to please others rather than ourselves, the degree to which this pattern intrudes on various aspects of our lives, and the extent to which it helps —?and hinders us. Procrastination is a serious problem for many people. It can undermine our sense of well-being and prevent us from experiencing the full potential of our lives. A portion of our time is spent pleasurably and a portion is spent on tasks we may not particularly enjoy. Such is the nature of life. To avoid the disagreeable is, unfortunately, to compromise the pleasurable. The person who is emotionally healthy is one who is familiar with and can tolerate the ups and downs, the highs and lows, the light and the dark. ?Living completely entails embracing our responsibilities, relishing our pleasures and appreciating our time.