Here is the big question: At your current place of work, who is making a living and who is getting rich? It is whoever owns the asset. The asset is the business. This is where the control and wealth is. By working as an “Employee,” you are spending your 8 hour day building someone else’s asset. You are earning a living, and the owner is building a fortune. You are not only making 10x less money, but also paying twice as much in tax.
It is very difficult to be able to double your income with a job. In fact, the average pay rise is currently around 2%. This is crazy, especially since inflation is closer to 10%. However, with a business, it is a lot easier to get twice as many “customers” next year than the last, which in turn doubles your income. The smart people are now building their own businesses on the side.
One of the top reasons for owning your own business is that it leads to financial freedom. Meaning, being able to earn lots of money without you needing to be there. The problem with a job is that you are “Selling time for money”. This means that you can never stop working because your income also stops. With a business, you have hundreds of customers that are generating the income. This means you can go on holiday for a month and be making more money when you come back than when you left.
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