I have been listening to an audio book by Jim Rohn and this really stuck out to me and I wanted to share it with you today. He said profits are better than wages and here is why.
I found a short video where Jim explains why profits are better than wages. Check it out below just hit play.
This philosophy really moved me and I wanted to explain to you why I think and believe profits are better than wages.
I want to start with wages because you may be more familiar with this and then I will explain why you need to transition into making profits.
We all know when you work at a job you have to trade your time for money. This can be good or it can be bad for some people. Depending on how much you make per hour and how much you enjoy working at your job.
The bad part is that you are limited to a certain amount of money per week. If you work full-time you are usually limited to 40 hours per week and when you exceed your 40 hours per week the company has to pay you time and a half.
Everyone want’s to work over time so they earn more money but the company limits you to a certain amount of hours per week and most companies get pissed if you make overtime. Just because they have to pay you time and a half to do the same work.
If you have not realized this or not, but you work at a job you are working in a slavery model if you want to believe it or not and here is why.
You are told how much money you are going to make per hour.
You are told how many hours you are allowed to work.
You have to ask (beg) for a day off or when you can take your vacation.
You are told what to do and how to do it.
You are limited to a certain time to take a break.
If they find someone to work cheaper than you, your history.
This is just a portion of how jobs control your life and your future.
My Example of how Profits are better than wages!
I want to personally share my knowledge and experience with you today and why I think profits are much better than wages.
Let’s say you earn ten bucks per hour and you work at a full-time job.
For this example, I am not going to get technical with all the tax deductions and what not.
If you work 8 hours a day and work 5 days a week at 10 per hour you are going to earn $400 at the end of the week.
You have just traded 40 hours of your time for 400 bucks.
I am going to be totally honest with you and let you know that, this was the only way I was ever taught to make money. Until I found out that profits are MUCH better than trading your time for money and here is why.
Just this weekend I made 792 in profit and I was actually in Washington DC checking out the cherry blossoms with my girlfriend.
What I am trying to say is that I made 792 in profit just about automatically. Thanks to the internet and the automated money-making systems I use to generate myself income 24/7-365 if I am online or not.
If I was to trade my time for money I would have had to work 80 hours to make than much money.
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