By Vince Trac © makingthemillionaire.com
WARNING "Please do not drop of school, and go start a business after reading"
I think most people have been told "do good in school and get a good job" and I was on that path until I realize that wasn't for me. I'm not saying it's not right for everyone and don't do it because we need doctors and engineers. It started when I was working for a company doing sales. I
Most of the rich make money in a different way. Most common people make their money by trading hours for dollars. They go to work earn a paycheck, save, putting money in a pension or 401k and hope the become wealthy. That is not the way to do it. You do not become wealthy by being tthirfty frugal living below your means. The wealthy knows about business, real estate, investing, tax laws and create wealth.
people belive they can be very wealthy saving and being frugal. Do the math if you work and receive a w2, how can you become wel;lathy if the vgovernement taxes $30 away from you Too many people think high income earners are wealthy. Without real estate or a business they can make a lot of money but never become wealthy and have fincial freedom. Because once they stop owrking they stop makeing money. Correct?
If you read about me, I did well in school and graduated high school.
Everyone one wants to be their own boss, Have their own business. Its te american dream. They think how great it is to set your own hours , not have to answer to anyone.
Freedom can be the greatest thing or it can be very dangerous.
You think a job is secure ans safe when your income is controled by someone else? They can take it away from you in a blink of an eye without reason.
Many jobs are being outsoursed.
You are making someone else rich.
The business can grow equity like a house
One big reason is making money while your on vacation. At your career if you take time off you don't get paid
When I talk about a business , I'm talking about a working machine tha can work with you in it. You can go out for a year come back and the business is not only will running but hopefully have grown
Too many people work IN a business instead working on a business. You just bought yourself another Job.
Try taking steps, instead of just jumping into a business like most peope. And that is why 90% of business fail. First manke sure you do your due diligence. If you want to open up a boutique,maybe you should go work at one for couple months. learn the in's and out's Or talk to people in the business.
Another great way to learn is join a MultiLevel marketing Business. Now I know there are many people saying these are pyrimad schems or scams.. Some are but many are not. People tend to say that when they join, hardly give any effort and fail so instead of blaming themsleves they blame others. There are thousands of network marketers that make over six figures. So its not the business it's just them. If this is one of you, I have to be blunt and honest. Yes the systems works its just if you do it or not. But the reality is this type of business is not for everyone.
If you really want to get into business you have to be able to work hard, talk to people not be afriad. You have to know how to sell and market yourself, not matter what industry you''ll be in