You might be in trouble without even realizing it…
Let’s start off with a little story…
One day, the boss of a company arrived at work in his brand-new Lamborghini.
I said “WOW! That’s an amazing car!”
He replied: “If you work hard, put all your hours in, and strive for excellence… then I’ll get another one next year.”
Funny little story, isn’t it? This example describes perfectly what is wrong with today’s society. Most people are stuck in their 9 to 5 day jobs, while some of us are even doing a job we don’t like, but we do it anyway because we need the money. Sounds familiar?
“You’ll get there if you work really hard!”
Right.
While this can be true if you’re self-employed, chances are very small when you’re someone’s employee.
Most people think that by working really hard, you’ll be able to afford a sportscar within a few years. Bullsh*t. While for some of us this could be true, the majority of us will never buy one.
Why not? Because we:
- Don’t have the discipline
- Aren’t able to save enough (hint: use a finance tracker, like the one I created)
- Decide it’s too expensive and rather spend that money on something else
There can be many reasons, but if you chose the last one, in most cases you made a wise choice. There are only a few reasons to buy a sportscar, for example when you can buy it 10 times over, or when you can book it as an “expense”, to optimize your taxes.
Lamborghini “doesn’t do commercials”
Did you know Lamborghini once said “We don’t do commercials, because our target audience isn’t sitting around watching TV”? When I heard that, that stuff hit me.
There are many smart ways to buy a supercar, but working for many years, saving up all that money and then spending it all at once is the stupidest thing you can do.
As soon as that car rolls out the of garage, it already lost 80% of its value. Let’s say you buy a car for $100.000, as soon as you start driving it, it immediately lost $20.000 in value. Pretty bad investment, don’t you think? If you’d have put all this money into stocks or other income-generating assets over the years, you’d have a lot more money!
Putting it in a bank account for years is pretty useless as well – because money needs to work, you need to let money work for you.
Don’t fall into the “Rat Trap”!
In today’s society, you are being “seduced” by companies with an “attractive” salary, a company car, a phone and other benefits.. but you are actually being lured into something called the “rat race”, which means basically getting stuck in life.
You’ll buy a house because society says so, get a mortgage, take a job to pay for it… and you will need to keep your job, not take any risks because otherwise you won’t be able to keep on paying that mortgage. And this is how you get stuck.
You’ll be working day in, day out, 8–9 hours per day, possibly also lose time driving to/from work, and not have the energy anymore to do something about it.
And if you think about it… it only gets worse:
You Are Only 1 Step Away From Poverty!
It’s as the legendary investor Warren Buffett says: “If you are working only 1 job, that means you are only 1 step away from poverty”.
Think about it! If you would lose your job today, what would happen to you and your family? Will you still be able to maintain your current lifestyle? If you have things in place to prevent this financial fallback, you’re already well on your way, but most people don’t have this.
And this is the problem with today’s society.
People are being kept dumb and lazy by their employers, while the employers/business owners get richer and richer.
And to make things even worse: we are working 40, 50 years of our lives, trading our freedom for money, only to receive a very small amount of money called “pensions”.. if we even ever will receive it.
Read “Who Stole My Pension, by Robert Kiyosaki”. It’s basically about how the government doesn’t have enough money to pay everyone’s pension. Dark times are coming… unless you do something about it!
… I Choose Rich Every Time!
Did you see that scene in the movie “The Wolf of Wall Street”, where Jordan Belfort (Leonardo DiCaprio) gives a speech about money?
He said “I’ve been a poor man, and I’ve been a rich man… and I choose rich every time!” Well, he’s right. Many people say that money doesn’t make you happy, which is true in some way, BUT money allows you to do whatever you want, whenever you want it.
If you have enough sources of income, you can dictate what your own days look like. You won’t HAVE to get up in the morning to work for a boss – instead, you wake up because you WANT to, you work for yourself, you educate yourself, you take care of yourself. This is what freedom is all about.
Achieving financial freedom is the most common goal for many people. It generally means having enough savings, investments, and cash on hand to afford the lifestyle we want for ourselves and our families—and a having enough money that will allow us to retire or pursue the career we want without being driven by earning a certain amount each year.
Unfortunately, too many of us fail to achieve it. We are burdened with increasing debt, financial emergencies, excessive spending, and other issues that prevent us from reaching our goals. And we encounter unexpected events, such as the pandemic, that overturn our plans and reveal holes in the safety nets we tried to create for ourselves and our families.
The average millionaire has 7 sources of income!
7 sources?! Exactly! There are many, many possibilities of earning extra money, you just have to be determined, do the research (or read my articles where I teach them to you step by step).
Below are some examples of income sources:
- Earned income — Income from working a day job
- Profit income — Income from buying and selling
- Interest income — Income from lending money
- Dividend income — Income from owning stocks
- Rental income — Income from renting properties
- Capital gains — Assets increasing in value (e.g. real estate)
- Royalty income — Income from others using your idea
- Yield income — Income from staking crypto
- Passive income — Income from something you’re no longer working on
By now you should realize that you REALLY need to take action, as quickly as possible. Time is limited, time is valuable.. and time isn’t forever — so don’t waste it (check out my article about the most valuable currency in the world).
Follow me for more in-depth articles on how to reach your income goals.
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P.S. Don’t forget to get your Financial Improvement Tracker Worksheet here while it’s still CRAZILY DISCOUNTED (just $2 WTF)!