Awareness Before Change
Before I offend anyone, I just want to get something straight. 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 (or at least, your salary increment isn’t even enough to compensate for the rate of inflation). There are more baby boomers than ever and they have very little pension to show for their decades of work efforts.
And there is no guessing to how many people really hate the unhealthy, hectic lifestyle of getting up early, coping with stress for most parts of the day, driving through traffic jams, spending more money and time in traveling, enjoying very little rest, and repeating the vicious cycle day after day.
This definitely doesn’t paint a nice financial or 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 part ways today:
Time And Money
There are generally 4 types of people in the world:
(1) The ones who have 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 enough money in their pension to last beyond 3 years!
(2) The ones who have no time but 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) The ones who have time but 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?
(4) The ones who have time and lots of money.
This is the category that the big business owners, landlords, and investors are in. Imagine not having to work for money, but having money to work for you by investing it and earning profits by using your money to make money.
Now let’s take a short quiz:
1. Which one of the four categories are you currently in?
2. Which one category do you desire to be in tomorrow?
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