Everyone wants to earn more money. More money solves more problems. More money give you more freedom and choices. What’s the truth that can help you earn more.
The Myths (The Bad)
There are some beliefs that were created when we were an industrial society, right after many people came in from working on the farms and created cities that unfortunately are still proffered as truth. The following are myths. When you read them you may be so entrenched in believing them that you’ll disagree with me. That’s a sign of two things. Either I’m a liar and full of crap or they are true and you don’t want to believe them.
- You have to get a job and work for someone else to earn income.Gads. This is so not true. Did you know that in about 1800 9 out of 10 people (it may actually be higher) worked for them self. Then about 1900 it was about 5 people in 10 worked for them self. Today it’s about 1 in 20 work for them self. With these hard core stats it was true at one time that you could work for yourself instead of work for someone else. That independent spirit is gone today for most people.
- You have to get a good college education to find a good job and work for someone else.Well, keep in mind the second part of this statement is the #1 myth that you have to work for someone else. The first part of this myth is that you need to have some sort of education to earn a good income. While having knowledge is always good, there are ways to acquire an education that is better and almost free instead of going to college. The cost of college today has risen way faster and more than the inflation rate. Why is that? Because students can get easy student loan debt funds to pay for it. It’s almost laughable the high salaries college professors and presidents make. The student loan debt in this country in the the last six years has risen from $363 billion to $1.3 trillion. The unemployment rate for college graduates is 12.8%. The jobs the graduates are getting, the pay is so low that they have no real way of paying off the debt.
Times are changing and so are jobs and the type of jobs that are available. The landscape due to technology has altered employment substantially. Almost 70% of every adult in the US owns a smart phone. A smart phone has cut so many jobs because frankly it’s way more efficient and productive for companies to give consumers access to their offerings through a smart device than to build brick and mortar stores. Technology has substantially reduced the highest component of a good’s price; the distribution costs. Goods now are shipped directly to the end consumer instead of being moved around several times with several middle man wholesalers. Amazon Prime is a perfect example. Good’s are so affordable there and amazingly are delivered to your door step sometimes the same day. This means you don’t need to spend gas in your car driving there too.
To be honest it’s ugly if you keep your head in the sand to old ways of thinking. It’s almost laughable to those of us who study trends when politicians promise to create jobs. The best way they can create more jobs is to get out of the way and there hasn’t been a politician that got out of the way in forever. There are so many government jobs that do not produce any real goods or services that can be sold for a profit. The jobs that will be created in the future will be for you to work for yourself in the new distribution evolved economy.
Again, if you don’t start to wise up to what’s really going on, you could either send your child to college and spend a bunch of money for him or her to graduate with either no job or a job not in their career field and they end up living with you. Or you might think at a later age in your life you’ll go back to school and do the same things these young kids are doing.
Don’t get me wrong. Colleges and university are telling you that they can provide the right kind of education you need to get the good jobs, but that could change right in the middle of your schooling due to rapid changes in technology. I’m not against anyone getting an education. I have a accounting degree and became a CPA. I was able to practice as such for 25 years only go leave the profession because accounting was becoming a commodity.
If you’ve read this far you are either thinking I might be onto something because you’ve experienced these things or you think I’m full of crap. Regardless of what you’re thinking you might as well read the rest.
I decided to leave a lot of the stats out of what I’ve written so far because they would only bore you. Besides, I’m all about giving you bottom line stuff. You can research these facts for yourself.
Here is the good in all this. People who grasp these realities are doing great. Or at least they have a path to start building something for them self that will eventually replace a dead end or dying job.
You have to work for yourself and figure out a way to add value to lots of people. That’s a bottom line to success. How, you may be thinking? There are lots of companies who offer ideas and for you to link arms with them and become partners in sharing their innovated ideas with others, use their distribution systems and get product and services sent directly to the consumer. This is the path I choose to take. It has only expanded in the 10 years for me and thousands of others I team up with.
Or you can come up with an idea to do this yourself. Uber was such an idea and now it is the largest transportation company in the world without owning a single vehicle because through the use of a smart phone you can get a ride cheaper per mile than you can own your own vehicle (well almost anyway). Or like AirBnB, the largest hotel room per night per bed chain in the world without owning any hotels or beds. Again, link up with someone offering their home and spare room for a night through a smart phone.
These are the type of work for your self ideas to get you thinking there is a better way.
There will always be people who work for other people. I’m not slamming on that choice at all. I’m suggesting that to excel in the future, you’ll have to break the mould in your thinking that you have to work for someone else. I want you to realize that the best education you’ll ever receive is a self-education. While I learned how to be an accountant and it took me four years of college and a tough 3-day exam to do it, what I’ve learned after on my own has yielded much greater results. Take a $20 seminar I attended on time management about 35 years ago. I learned a simple technique of writing my goals down and referring to them often. Everyone of the goals I wrote down that night I’ve achieved. I figure I’ve earned over $4 million from that $20 idea. There was a friend of mine who attended that same seminar who choose not to follow these ideas. He and I are both 60 years old. He’s in a bad way financially. I’m not.
Self education is valuable.
Here are some startling facts:
- One-third of high school graduates never read another book for the rest of their lives.
- 42 percent of college graduates never read another book after college.
- 80 percent of U.S. families did not buy or read a book last year.
- 70 percent of U.S. adults have not been in a bookstore in the last five years.
- 57 percent of new books are not read to completion.
I’ve had a lot of $20 ideas that I got out of books that have helped me financially. My goal this year is to read a book a week!
Be smart. Be self educated. Become a leader. Leaders are paid well. Leadership can be taught. Listen to my podcast on the subject.
Drop me an email. Let’s explore some of these ideas together.