While money has naturally been developed by merchants in the older days to replace the questionable barter system, money today is literally invented by the rich and wealthy. Entrepreneurs are willing to part with their money to buy other people's time. Other people's time i.e. employees and self-employed people becomes their employer's asset and the employers this priceless resource to go on to create more wealth for themselves.
And here's the thing: as long as you work for money, you are enslaved by it! 80% -
90% of the populations today are being enslaved involuntarily.
What we don't realize is that there is a part of our soul that cannot be bought at whatever
price. Would you chop off your little finger if your boss offered you 24 months of your
salary immediately?
You and I know we are worth more than that. But when you hear of
cases of people selling their body parts for cash in some countries, we can have our
eyeballs pop out of our eye sockets.
On the other hand, we occasionally DO sell out a part of ourselves for money like a
donkey and a carrot.
Awareness Before Change
Now don't get me wrong: I'm not banging on working at a job (I worked at one before I
became an Internet Entrepreneur).
But let's face it: our needs today are growing more than ever before in any period of
history. Prices go up, salaries don't. There are more baby boomers than ever and have
very little pension to show for their decades of years of work efforts.
And there is no guessing to how many people really, really hate the unhealthy, hectic
lifestyle of getting up early, coping with stress for most parts of the day, join traffic jams,
spend more money and time in traveling, enjoy very little rest, and repeat the viscous
cycle.
Enhance Your Financial Intelligence
Definitely doesn't paint a nice financial and lifestyle picture, huh?
The first step to change is to be aware of the problem. Awareness before change (or
ABC for short) is necessary if you are to make any changes in life to start taking control
of your financial life and then get out of the rat race.
We need the awareness to know what state we are in so we know where we are going.
For starters, indulge me in a quick exercise as we exit this chapter shortly:
Time And Money
There are generally 4 types of people in the world:
(1) No time, and no money.
Most employees fall into the category. You can't go shopping on a Tuesday
afternoon or fire your boss whenever you like. Most employees can't even save
money in their pension to last 3 years!
(2) No time, lots of money.
Self-employed, professionals and small business owners are in this category.
They are slightly better off than the employee because they earn more, but they
have to work even harder than employees to keep up with the diminishing profit
margins, competition and servicing their customers.
(3) Got time, no money.
A lot of farmers, villagers, college dropouts or bums have lots of time but no
money. Maybe ignorance is bliss, but without a stable source of income, how
long can you last many days forward?
(4) Got time, and lots of money.
Enhance Your Financial Intelligence
It is the category that big business owners, landlords, investors are in. Imagine,
not having to work for money, but having money to work for you by investing
them and earning profits by using your money to make money.
Short Quiz
1. Which one of the four categories are you currently in?
2. Which one category do you desire to be in tomorrow?
Enhance Your Financial Intelligence