RULE 33: Working For Others Won’t Necessarily Make You Rich – But It Might…

Billionaire Sayyu Dantata of MRS Oils & Gas with a  Female Guest
Most of us
assume that we’ll never make it to greater prosperity while we are working for
someone else; that only by being entrepreneurial will we become wealthy. And
for a lot of us this may well be true – there is a limit as to how much you can
earn per hour in return for your labor. However, there are some who do make it
good this way.

We shouldn’t
overlook the fact that being employed may be the best route for us and that we
don’t have to run our own business. There are whole categories of employees that
are doing quite nicely than you – for example, a friend of mine works in corpo- rate insurance and he’s extremely
wealthy thanks to large commission payments. He says he wouldn’t be any better
off working for himself. 


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“You can make yourself pretty unhappy by forcing
yourself into self-employment if this isn’t the right way for you. Perhaps the
stability of employment is a greater priority and you should stick with it and
not feel compelled to start your own business”


Many people
working in the computer business opted to become contractors because they
assumed they would earn a lot more. Some did, but at the cost of stability.
When the contracts dried up some were worse off than when employed. But for
some this was indeed the best way to go and they have made handsome sums by
becoming self-employed.

I guess you have
to keep an open mind about this one and not be driven by assumptions. You can
make yourself pretty unhappy by forcing yourself into self-employment if this
isn’t the right way for you. Perhaps the stability of employment is a greater
priority and you should stick with it and not feel compelled to start your own
business.
The converse is
true as well: understand that working for yourself might make you rich, but it
might not. Nearly two-thirds of business start-ups end in failure within three
years. Look around you and you will see many examples of the small business
owner struggling desperately. There’s no certainty there. Working for yourself
generally has higher earning potential, but not in every case. You have to look
into it very closely – right business, right demand for your services, right
time, and enough effort and so on.
There isn’t the
space or time here to go into all the pros and cons of working for yourself,
except to say its one hell of a lot easier and much more fun working hard for
yourself than for someone else. But what we are aiming for isn’t freedom from
employment but prosperity. Hence we have to be open to whichever means will
hasten our achievement of that goal. Employment or going it alone? It entirely
depends on which one will get us rich easiest, fastest, slickest. And your day
job doesn’t have to be your route to wealth at all.
The secret is not to close your mind to any
opportunity to get rich. And staying employed doesn’t mean not having a little
eBay business on the side or a buy-to-let property to create a new income
stream.
 From
The Book;
The Rules of Wealth
by Richard Templar
(Read Rule
34
of Rule of Wealth tomorrow on Asabeafrika)



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