Your friends and family may be hurting your bank account
How would you feel if you realized, one day, that a friend of yours or a relative of yours stole millions of dollars from you?
You would get mad, of course. You would be angry and upset, and would curse the friendship or the familial tie that caused you to lose a fortune.
The truth, of course, is that friends and family have caused so many people to lose a fortune, but equally true is the fact that most people, who have been "cheated" of their fortune and financial freedom have NEVER realized this fact.
The point of this posting is not to turn you against your friends or family: they care about you and have your best interests at heart. However, this doesn't change the fact that their very thinking, if they are employees who are just working for a paycheck, is corrupting your thinking.
Their thinking is clouding your thinking, and as a result, you are content to do like the masses of people: get up early every day, go to work to enrich an anonymous shareholder or business owner, then go back home to watch mediocre TV shows, and finally get into your pajamas for some rest before you repeat this infernal cycle till the end of your life.
Once again, my point is not to turn you against your family and friends. It's just that they have not been educated economically, don't know about business, and thus will constantly encourage you to "get a job," and then work hard to save money, enjoy some vacation, etc. Basically, they are saying that you are not unique enough or special enough or intelligent enough to own your own business.
As for me, I'm telling people quite the opposite: if you have a brain, you deserve to have a business. If you have a business, you should have at least one million dollars in your bank account.
Employees, on the other hand, are not really encouraged to use their brain. Even if they were encouraged to use their brain to create more customer value or more shareholder value, why would they do it? Their salary remains the same, so what is the incentive?
Here's a solid finding from entrepreneurship research done in Canada: people knew an entrepreneur in their circle of acquaintances are twice as likely to launch their own business.
So until you find an entrepreneur with whom you can talk about financial freedom, try to not hang around so much with people who only live from paycheck to paycheck, or people who only seek security in life without taking any risk.
Like author Tim Sanders says in his book Love is the killer app, these people may be funny, but they are not money.
If financial freedom is something you seriously pursue, then it is a good idea to seriously seek people who are financially literate and who know about business. Business people are natural investors and natural producers: they don't blindly consume either their time or their resources. They always think strategically. Every minute counts. They don't waste their time, and they certainly won't waste yours.
You would get mad, of course. You would be angry and upset, and would curse the friendship or the familial tie that caused you to lose a fortune.
The truth, of course, is that friends and family have caused so many people to lose a fortune, but equally true is the fact that most people, who have been "cheated" of their fortune and financial freedom have NEVER realized this fact.
The point of this posting is not to turn you against your friends or family: they care about you and have your best interests at heart. However, this doesn't change the fact that their very thinking, if they are employees who are just working for a paycheck, is corrupting your thinking.
Their thinking is clouding your thinking, and as a result, you are content to do like the masses of people: get up early every day, go to work to enrich an anonymous shareholder or business owner, then go back home to watch mediocre TV shows, and finally get into your pajamas for some rest before you repeat this infernal cycle till the end of your life.
Once again, my point is not to turn you against your family and friends. It's just that they have not been educated economically, don't know about business, and thus will constantly encourage you to "get a job," and then work hard to save money, enjoy some vacation, etc. Basically, they are saying that you are not unique enough or special enough or intelligent enough to own your own business.
As for me, I'm telling people quite the opposite: if you have a brain, you deserve to have a business. If you have a business, you should have at least one million dollars in your bank account.
Employees, on the other hand, are not really encouraged to use their brain. Even if they were encouraged to use their brain to create more customer value or more shareholder value, why would they do it? Their salary remains the same, so what is the incentive?
Here's a solid finding from entrepreneurship research done in Canada: people knew an entrepreneur in their circle of acquaintances are twice as likely to launch their own business.
So until you find an entrepreneur with whom you can talk about financial freedom, try to not hang around so much with people who only live from paycheck to paycheck, or people who only seek security in life without taking any risk.
Like author Tim Sanders says in his book Love is the killer app, these people may be funny, but they are not money.
If financial freedom is something you seriously pursue, then it is a good idea to seriously seek people who are financially literate and who know about business. Business people are natural investors and natural producers: they don't blindly consume either their time or their resources. They always think strategically. Every minute counts. They don't waste their time, and they certainly won't waste yours.
posted by Super Peter at 12:18 PM
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