Let’s get one thing right before we begin. Money is a game! If you think it is anything more than that, you will not win the game. Money is simply a score card to measure how well you are going with the game.
Now that we got that out of the way, I am wondering… Have you noticed the change in the jobs market of late? It is not looking so good. Jobs these days won’t give you ‘security’. They tend not to give you ‘fulfilment’ nor will they appreciate your ‘loyalty’. It is time to wake up and get active in creating your future your way!
If you think there is a future in being employed, think again. With the jobs being cut these days due to low commodity prices, and plenty other being replaced by automation, I’d say don’t plan on being in your job forever. If you want to live off a job in the future, you have to be able to live well below your income level to survive and even create wealth in the future.
Why you may ask? So you can invest the rest of your income in assets that may support you. This can be a business, not one that you have to work in, as that would mean you bought yourself a job. You have to leave your ‘job mentality’ behind when you go into business, if you want your business to succeed.
What do I mean by that? Well if you are a doctor and you open up your own practice to work in it as a doctor, your business is not going to succeed. The reason for that is that there is only so many hours in a day where you can exchange time for money. And after exhausting that you don’t have time to look at the bigger picture and concentrate on developing your business and making it grow.
The aim is to create a successful business, one where your employees and clients feel like they are the luckiest people for having met you.
If you consider a business as your next investment you have to consider some other items too. What does the market want? Can you provide it? Do you have great marketing to get it to the right people? Have you planned to make more money than your salary so not only can you step away, but you can grow your business? Where will you get your business from? How are you going to get leads, and then how are you going to turn them into clients? Can your business be automated? How can you be an observer of your business? Who can help me get there?
You will also have to become very effective! How do you do that? Well you will need a success ritual. Make sure you keep developing yourself and update your knowledge. Pick your peers well. Get great mentors, even if you have to pay for them. If they are good, they worth every cent! Become an expert in your field and always offer great value!
I recommend you get ahead of the times, and start planning for your future. Whether it’s through business or other investments being prepared now will put you in a great position for creating wealth in the future.