Most people would like to become millionaires. They dreams of making this money at the lottery, for example, and being able to afford everything that they ever wanted. However, when it comes to do something about making money, these same people are very much going in the wrong track every day.
The wrong track is called job. Based on advice given in national TV and in books, some people believe that working hard is the key to make millions. Then, they start saving money on 401ks and other instruments, and believe that this will be enough.
The simple truth about money is that a job is the worst, most difficult place to get rich. First consider your options: be come rich in a company there are only two ways: first, join a startup at a very early phase and pray for it to become huge like Google. Second, work hard for many years to become a CEO in a large corporation.
Just looking at the odds of one of the things happening you how difficult it is to happen. In the first case, you have to be in one of the few companies that really become big, among the thousands of others that go nowhere. Moreover, working in a startup brings a bigger risk of unemployment in case the company doesn’t survive.
Making Money on a Big Company
In the second case, the odds are even less in your favor. Big companies have thousands of talented employees, and everyone knows that it is not enough to be talented. You need to know the right people and influence them to become a top executive. The CEO job is the most difficult to get, and it is the one that will pay the huge salary that you need to become rich.
To summarize the situation, the main problem with being a employee is that you have no leverage. You are at the mercy or several people, from your direct boss up to the company CEO, to be able to make any money. If one of them doesn’t want you to be successful, you’re in a bad situation.
The true ticket to become wealthy is to work on your own company. It may be harder at the beginning, but you’ll see that in the long run it is much easier to achieve your financial goals and have money that is truly yours.
While in a company you will have to fight to have your own space and get a better salary, in your own business you decide how much you’ll make. It is an easier way to accumulate money, because you will be the owner of all the money in the company.
Controlling your Destiny
Control is an important issue when you want to make money. If you don’t have control, it is hard to put money in your pocket. Moreover, anyone can take from you the money you’re receiving — such as when a worker is laid off. This doesn’t happen when you have a company, because you decide what will happen next. This large control allows you to decide how much money will be making and who is going to get it.
That is why you shouldn’t listen to financial gurus that say you can become a millionaire just working in a job. While it may be possible, it is very hard and not even as lucrative as if you were making the decisions yourself. If you want a true path for wealth, you should start building your own business, one that you can control and use to create greater wealth.