I was thinking this morning as I was getting ready to start my day.
Why in the world would anyone want a job? I mean the headlines on CNBC this morning were all about job losses, the headlines on all the newspapers were about the lack of jobs.
We've all heard the old acronym for job (just over broke).
If there are, a lack of jobs and it keeps you just over broke, then I'm having a hard time trying to figure why everyone is going down that path.
Maybe it's time we all change our thinking.
Let's think about what were getting when we take a traditional job.
We trade our valuable time for some agreed upon amount of money.
We then spend the money and what do we have now? Nothing! What do we have to do next? Well if we don't want to starve, we go get some more money.
How do we do that? We go back to W-O-R-K at our job and get paid.
Trading time for dollars.
We haven't even begun to talk about "the man" coming in and telling you, you're not needed anymore.
Job security? There's no such thing, it's a myth.
I find it much more rewarding to build assets that make money rather than working for money.
Let's get one thing clear, if you desire success and money, you will never pull it off working for someone and trading time for money.
Rich and successful people do not work for money.
They work to build assets, businesses, income streams, and passive cash flow, whatever you want to call it.
That is what they do I can assure you.
To illustrate why this occurs, simply use 3rd grade math.
Let's suppose you make $50 an hour.
Thats pretty good in this current job market.
Now let's suppose you work 40 hours.
That would be $2,000 per week times 52 weeks; you have made $104,000 for the year.
Not bad.
Now let's suppose you want to double your income.
Now you just have to work 80 hours for the week that's all.
Wow now you're making $208,000.
We all know that there are 168 hours in a week.
You've just spent almost half those hours making the big bucks.
How scalable is this method of earning income? Not very scalable is it.
Can you get rich using this method? Yes, eventually.
Save 10 percent of $208,000, avoid all stock market crashes over the next 30 years, earn a 12% annual return and in 30 years you will have $6,240,000.
Add 30 years to your current age and then ask yourself if that is the path for you.
On the other hand, what if you had a business, real estate, or other sources of passive income.
How scalable is your income then? If we went out and built a $100,000 a year passive income, we have a lot of time don't we? What can we do now? How about we go out and do it again.
Now we have $200,000.
How many times can we do this? As many times as we want, because we are not trading time for dollars.
For the life of me, I can't figure out why anyone would want a job.
Why in the world would anyone want a job? I mean the headlines on CNBC this morning were all about job losses, the headlines on all the newspapers were about the lack of jobs.
We've all heard the old acronym for job (just over broke).
If there are, a lack of jobs and it keeps you just over broke, then I'm having a hard time trying to figure why everyone is going down that path.
Maybe it's time we all change our thinking.
Let's think about what were getting when we take a traditional job.
We trade our valuable time for some agreed upon amount of money.
We then spend the money and what do we have now? Nothing! What do we have to do next? Well if we don't want to starve, we go get some more money.
How do we do that? We go back to W-O-R-K at our job and get paid.
Trading time for dollars.
We haven't even begun to talk about "the man" coming in and telling you, you're not needed anymore.
Job security? There's no such thing, it's a myth.
I find it much more rewarding to build assets that make money rather than working for money.
Let's get one thing clear, if you desire success and money, you will never pull it off working for someone and trading time for money.
Rich and successful people do not work for money.
They work to build assets, businesses, income streams, and passive cash flow, whatever you want to call it.
That is what they do I can assure you.
To illustrate why this occurs, simply use 3rd grade math.
Let's suppose you make $50 an hour.
Thats pretty good in this current job market.
Now let's suppose you work 40 hours.
That would be $2,000 per week times 52 weeks; you have made $104,000 for the year.
Not bad.
Now let's suppose you want to double your income.
Now you just have to work 80 hours for the week that's all.
Wow now you're making $208,000.
We all know that there are 168 hours in a week.
You've just spent almost half those hours making the big bucks.
How scalable is this method of earning income? Not very scalable is it.
Can you get rich using this method? Yes, eventually.
Save 10 percent of $208,000, avoid all stock market crashes over the next 30 years, earn a 12% annual return and in 30 years you will have $6,240,000.
Add 30 years to your current age and then ask yourself if that is the path for you.
On the other hand, what if you had a business, real estate, or other sources of passive income.
How scalable is your income then? If we went out and built a $100,000 a year passive income, we have a lot of time don't we? What can we do now? How about we go out and do it again.
Now we have $200,000.
How many times can we do this? As many times as we want, because we are not trading time for dollars.
For the life of me, I can't figure out why anyone would want a job.
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