Want to be remarkably successful? Want to get really rich? (While there are many ways to feel “rich,” in this case we’re talking about monetary wealth.) Then check out this little gem of an investment opportunity. It’s a simple investment. You only have to invest almost all of your money. On the upside, after a year you might earn 3 percent more. The downside? Any day you could lose it all, for reasons usually outside your control and that you will almost never see coming. Would you make that investment? Of course not.
Yet millions of people do — every day they go to work for someone else. Of course the analogy isn’t perfect. Until you’re laid off or fired you do earn a salary. But when you work for someone else, your upside is always capped — sure, you might occasionally get a raise, but in most cases 3 to 4 percent is the best you can expect. Yet your downside is always unlimited because getting fired or laid off can make your income disappear overnight — and with it the considerable investments you’ve made in time, effort, dedication, and sacrifice.
Extremely limited upside. Unlimited downside. That’s a terrible investment.
So if you hope to get really rich, working for someone else will never get you there. Don’t just take my word for it, the government agrees.
The IRS Statistics of Income Division, a place where fun surely goes to die, has published “400 Individual Tax Returns Reporting the Largest Adjusted Gross Incomes Each Year,” or in non government-speak, “400 People Who Earned a Freaking Boatload of Money.” In 2009, it took $77.4 million in adjusted gross income to crack the top 400. Where it gets interesting is how the top 400 made their money:
– Wages and salaries: 8.6 percent
– Interest: 6.6 percent
– Dividends: 13 percent
– Partnerships and corporations: 19.9 percent
– Capital gains: 45.8 percent
A few conclusions are obvious:
– Working for a salary won’t make you really rich.
– Making only safe “income” investments won’t make you really rich.
– Investing only in stock of large companies won’t make you really rich.
– Owning a business could not only build a solid foundation of wealth but could someday… Generate a huge financial windfall — & make you really rich.
Don’t trust the Gvnmt? Fine. Check out the top 10 on the Forbes billionaires list. Bezos. Buffett. Ellison. Zuckerberg. Koch. Walton. Ballmer. Adelson. All entrepreneurs. (I worked my way down into the 200s & still couldn’t find an employee, so I got bored and stopped looking.) Clearly getting really rich in financial terms is the result of investing in yourself & others, of taking risks, of doing hundreds of small things right..& then doing one or two big things really right.
I’ve spoken to hundreds of entrepreneurs, & each and every one does the same thing. When we talk about the financial side of being an entrepreneur they’re interested but far from animated. But when we talk about the life of an entrepreneur, they all light up. They start to gush about the challenges, the responsibility, the sense of mission, the sense of purpose, the sense of fulfillment and excitement of working with & for a real team, the amazing feelings of empowerment and the control over their own destinies….
Every entrepreneur lights up when talking about being an entrepreneur because they feel alive: free to chart their own courses, to make their own decisions, to make their own mistakes — to let the sky be the limit not just financially but also personally, too. In that way, regardless of financial return, they feel really rich. And they are really rich — regardless of income or wealth.
That’s why the only way to become really rich financially and really rich personally — in other words really, really rich — is to start your own business. Even if it’s just on the side. There’s no reason not to. You don’t have to quit your job right away; in fact, you probably shouldn’t. Plus the basics of starting a business are easy; you can do it in one day.
Here’s the deal. In return for less freedom, less control, and less fulfillment, every day you go to work for someone else your upside is always capped and your downside is always unlimited. The downside for entrepreneurs is also unlimited — but in return, we enjoy the possibility of an unlimited financial upside and an unlimited personal upside.
Take a chance on yourself. Try to get really, really rich. Maybe you’ll only become really rich.
If your friends and family think you were crazy for starting a business, show them this article. When people say you’re being foolish, show them this article. If the people around you don’t understand how personally fulfilling taking a chance on yourself can be, have them check this out. And then get started as an entrepreneur today, in our affordable, turn key system. Every step you take will bring you closer to becoming at the very least really rich — and maybe, really, really rich —& will let you join a group of people who live their lives their way, on their own terms.
Who are those people? Entrepreneurs. Be one. It’s the best investment you can make — because it means you’re investing in yourself.
Partner with my team of experienced hustlers, take advantage of our support & the high value of the company we represent – As an industry professional for over a decade now, I am available for free consultations and Q&A if you are seriously looking.
Let’s get you going →YourTimeYourWay.com