Reply: 2.1.1.1
From: Anonymous
Hello Robert.
Thank you for your informative reply.
>Those that I know that have
>exited the "rat race" are now
>working for themselves. They
>haven't retired, actually they
>probably work harder now for
>themselves they they did for
>any "employer".
I mean no disrespect here, but that comment was just the prime example of what I mean by Kiyosaki mentality - it prevents you from seeing a bigger picture. Do you really think it's so black and white? DO 'working for yourself' and 'working for someone else' have to be mutually exclusive?
I my own businesses. I am also employed by others. I also have investments which work for me. The work I do for an employer is that which gives me the greatest income for the least cost/time.
Which would you choose Robert?
1. Go into business for yourself, contribute substantial set-up costs, work seven days a week, 12 hours a day, manage staff and salaries, have $1M revenue per year, but only be left with $80,000 net profit?
or
2a. Run a leaner business that requires virtually no set-up costs, occupies 20 hours a week of your time, generates $500,000 revenue - of which you keep all.
+
2b. Be paid $150,000 per year by an 'employer' to do what you know and love and can manage in 2-3 hours per day?
Option 2, is obviously the better of the two. Problem is, you would still be a 'rat racer' if you chose this option. If you chose option 1, you may have achieved your life long endeavour to see the last of www.seek.com.au, and no longer be a part of the 'rat race'. However, your fixation of not wanting to be 'employed in the rat race' would be slowing down your wealth creation progress greatly.
I am yet to familiarize myself with who's who in this forum, and you may be right - I 'have no idea'. (you also made me laugh)
You may well be an entrepreneur in your 40's who owns 15 investment properties, runs a seminar or two, enjoys the life of luxury, and is adored by thousands. I meant no disrespect. I hope I have been able to make my point clear - that is, 'job' does not necessarily equate to 'financial and personal misery'
Regards,
TM