Wednesday, April 27, 2011

Who wants to be a billionaire?

Very few of us would answer NO to that question, yet it’s puzzling why almost none of us actually do anything about it.  

The reason for this is quite simple really. For decades now, it has been drummed into our heads that you can only have a good life if you have a good job and that the only way to get a good job was to spend as much time as possible in the classroom. So just like the well behaved boys and girls that we are, this is exactly what we did. What I’d like to do is show you why you shouldn’t make the same mistake with your kids.

My big break

Let’s look at me for example. It was only after 21 years in the classroom and close to 16 years in the rat-race that I finally realized that self-employment was the answer. When I look at how long it took me to finally understand that fact, it saddens me to see how so many people slog away endlessly at jobs they don’t enjoy, just hanging in there waiting for that magical (mythical?) big break!. Well let me save you a lot of time and anguish by telling you right now that’s it’s not going to happen.

For one thing, the odds are against you. Out of the 20 wealthiest people in the world, only 7 inherited their money and all the rest are self made (Source: www.forbes.com ). What this means is that not even the best employee in the world could get anywhere near these guys in terms of wealth. In fact I am willing to bet your lunch that World Employee No 1 wouldn’t even get anywhere near the top 100,000. Lucky for you I couldn’t find Top 100,000 statistics anywhere otherwise I’d be looking forward to a sumptuous meal on your account.

Seriously speaking

On a more serious note, I’m not saying that apart from mastering the meaningless office rituals and routines, all employed people will not leave employment with anything of value. What I am saying is that if financial independence and job satisfaction are things that you seek then employment is the wrong place to expect to find them.

Insights on why employment is the wrong place to seek financial independence and satisfaction coming soon

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