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Strategies For Taking Control Of
Your Finances
Everyone
wants to make more money, but people are generally split into two
categories:
Those
who bring results after they are promised wealth first
Or
Those
who bring the results first, then are rewarded by others afterwards
Let’s explore
the two groups in depth.
Those
who only move their butts after promised big fat paychecks are more
like employees, freshmen, or mercenaries.
There
is no right or no wrong with this kind of thinking, but consider: you
are once again, trading your precious time for money. Instead of
investing your time in an ASSET that generates money, you spend your
time working on something that is short term, limited wealth, and does
not give you income long after you have stopped working.
Consider
also, that this kind of short term vision will only produce limited or
temporary results at best. Ever seen a security guard asleep at work
when the boss is not around?
Furthermore,
the part where our emotions get the better of us is when we allow our
lives to be run by chasing the dollar. It is evident whenever an
employee is offered a higher salary, more medical benefits and longer
vacations, that their heart starts pumping faster.
A
higher salary doesn’t mean less financial problems. On the
contrary
when your income goes up, your commitments, your tax bracket and your
time spent in your company increases. The
greater your salary, the weaker your position because
if your boss is paying you a 5 figure income and calls for an emergency
meeting, you had better rush over to
the office even if you are halfway making love to your wife!
I think the best
definition of an employee/boss relationship can be summed up as this.
An employee
will only do the bare minimum to keep the boss from firing them and
a boss will
only pay the bare minimum to keep an employee from leaving.
Now
let’s explore the other group.
There are
many creative people, inventors, entrepreneurs, and business leaders
who fall into this category.
An
entrepreneur is someone who always has good ideas.
The first obstacle we
need to overcome if we want to succeed in the second group is to stop
working for money. What does this mean?
Isn’t making money part and parcel of having good financial
IQ?
What
I mean by ‘stop working for money’ is not working
for free. Rather, it
means work so as to gain the necessary skills you need to be a
successful entrepreneur (or inventor, investor). Allow me to
illustrate:
If you
lack the contacts for running a business, where would the best place be
to look for contacts? Of course, your competitor’s customers.
How about product
knowledge? Then work with a company that will teach you all the ins and
outs of the tricks of the trade.
Not familiar with the
production line of a factory? Work in one! Learn the ropes or manage
the factory workers.
Fear of talking to
people? Get a sales job where you will be forced to talk to lots of
people. It is also a
great way to develop perseverance!
Don’t you
know that the best education you can get is in real life! Not at a
lecture hall.
The bottom-line is: "not everybody has
what it takes to succeed as an entrepreneur!"
learn more, download the
full report here
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