Sunday, July 29, 2012
How you can make money work for you.
HOW YOU CAN MAKE MONEY WORK FOR YOU.
Do you know that being employed and self employed is a game of working for money and not them working for you? I hope you could like not to be a slave of money in your life instead money could be your slave. May be this will contradict you but it is until you understand the difference between being employed and self employed is when you will understand how you might be working for money. And thereafter I will share with you on a way you can make money work for you.
I learnt this from Robert Kiyosaki (a writer of Rich Daddy Poor Daddy) in his getting Rich in 60 minutes class. He described 4 types of people who are existing in the world of finding and using money. There are:
· Employed people
· Self employed
· Business owners and
All these four kind of people are searching for financial freedom but their understanding on it makes some of them work for money and others’ money work for them.
The most enslaved people who always work for money and to them money never satisfy their life needs and wants that is why they strive to seek for promotions and keep on going to further studies so that their salary can be increased a bit to satisfy them but still it never satisfy hence they find themselves trapped into corruption at work to rise up their income or some of them decide to jump into business for them to get an extra money.
WHY ALL THESE?
It is due to the fact that their usual financial flow is just for survival in their life. After getting salary a big sum of their money goes to PAYING TAX then the remaining goes to a number of MONTHLY BILLS and various payments, buying some survival wants and needs as a result it finishes all of it while leaves him or her with empty pocket before the next month. So in short the employed people normally work for money.
Most of the employed people decide to jump into being self employed from which all the works become depending on them to be worked. These are not employed because they have decided to sell their labor power; for instance a doctor can decide to stop his / her employment and become a private consultant who normally hired to work and get paid for what he/she has done or according to the time spent at work. For self employed people TIME IS MONEY. They get big money out of this but still they are working for money because not being at work in a single day, a flow of money in their pocket stops also. Let say this self employed person got sick for a while then his/ her family is in trouble because his energy and ability to walk out of home is what was bringing money in, now he is sleeping on bed then everything is sleeping. This person also works for money and not money works for him/ her.
Here is now an answer of money working for you start coming up slowly though being a business owner also do not mean you are 100% free of being enslaved by money because this person normally establish his/her business and employ people who will be working for him/ her, he or she can also relax at home and these employees bring him or her money out of his business but he/ she normally strive to search for good, hardworking and trustful people to employ so that they can assure him/her high productivity and business sustainability. So he is demanded to be very close to his/ her business most of the time to trace his/her money not to be stolen or corrupted by these employees. Though he/she is financially free if she gets right people in his or her business but still she or he is working for money in real sense.
This is a person who money works for him or her. It is due to the fact that he/ she just use his or her money to get money for him/ her. An investor puts money into a certain business and that money circulates there to bring another more money into his or her pocket while he/ she is sitting at home. An investor can just buy shares in a company wait for a profit at the end; he/ she can put money as an angel investor and that money work for him. Investors never bother of human resource because there are people who are managing it in those companies for their survival, so for investors money works for them because they are people that has money invested in something especially one that holds stock in publicly owned corporations.
Look at yourself now, are you working for money or is money working for you? Think and choose a way that money will be working for you.
But I advise you to think twice on being employed or self employed then see how you are going to deal with them so that you can stop working for money.
By Erick Chrispin.