“I would rather have one percent of 100 people’s efforts than 100 percent of my own” said J. Paul Getty. That was the idea that drives franchising business that accounts for more than 40% of business today. Anyone who creates business model that works and is profitable wants to duplicate. The most common income source is a job and regardless of what kind of occupation you choose, regardless of how much you make; your job security is not there.
The higher you go in the corporate pyramid more unstable your income becomes.
So the business model called; “Get yourself a good education, good job and work hard” has failed people. The pyramid system called “Pension plan” is failing fast and is going to disappear since it’s based on money coming in from people getting in (new employees) to pay people who got in before (retirees) and since there are more baby boomers than the generations X, Y etc. the pyramid has to fail. Just think about the biggest investing scam that took place in 2008 and all happy investors losing all the investments and the investor going to jail.
How stable is your job income and your retirement plan if you have one. Do you trust ever growing bureaucracy to take care of you or you plan to take care of your self and teach your children to do the same? There is more opportunity today than ever before and those who believe it will succeed while others will look back and regret. Let me just advise you that if you have a job that you need to be the best employee possible. Why?
I have never met or heard of a lousy employee succeeding in anything. Success is a habit. Only good employees who diversify what they do, have a chance of making it outside of job environment.
When I started my Amway business I replaced my none productive activities outside of my job with business building activities as I was mentored to do by my mentors who had a financial interest in my success.
Your goal should be to:
- Diversify
- Duplicate
- Residual income
What would you do if you knew you only had five years to live and all the money you need?
Regards,
Branko
