Archive for August, 2013

Job vs Self-employment, Which one is better?


Photo Courtesy of Fatima Alabassi

Are you wondering whether to study hard and stack your degrees or to “do your own thing”?

This question was ricocheting in my skull for years, and as time passes by; everyday; I come closer and closer to realizing that “doing your own thing” or running your own show is the best approach towards your long term financial goals.

Wait now I am not saying that having a job is not fulfilling, have an open mind, I will discuss the pros and cons of both paths so bear with me.

Having a job is commitment, serious commitment, you have to wake up every single working day and show up at your job, if you are young – just graduated from school – imagine that you have to go to school for the rest of your life AGAIN! When I was young I didn’t like to go to school, I was enjoying of course but my holidays where more enjoyable 🙂 what sucked about school was the fact that I had to wake up every single day and SHOW UP at school, so basically, it was the COMMITMENT that sucked. Although when I look back now I figure that school days where the best days of my life; but at that time when I was young; the commitment was not very pleasant. So being an adult while going to work you are doing the same thing, you are “showing up” at your job just to make a living, every single day you HAVE to wake up early morning and go to work. Is it a coincidence that adults’ working hours and children’s studying hours are the same amount?  I don’t think so, it is a system laid out for humans to create the perfect labourers.

If you had no problem going to school at all when you where a kid, then most probably you will be able to endure the hardships of going to work, so no worries for you.

Do not misunderstand by thinking that going to work is a difficult thing, as a matter of fact, some jobs are very rewarding, some companies pay handsomely, some companies recruit great people, and some companies are very flexible as long as you are doing what they require from you. I have worked in a company where it was similar to school days, this one time me and my colleague were playing soccer INSIDE the office where I kicked the ball and it landed on the Operations Manager’s Macbook while she was working and my colleague kicked the ball inside the General Manager’s Office. We were trolling them and laughin our asses. Yes sometimes you will find some companies that are really fun to be in but unfortunately most of the companies ARE NOT.

A very important thing you need to know about “jobs” as well is that company management are very strict, worse than “school strict” or “parents strict”, if you are late a couple of times, off you go – FIRED!

I have worked in 7 companies (part time and full time) and the majority of the companies they expect these things:

1) SHOW UP, thats the most important point, probably showing up is 90% of what the companies want from you. If you show up everyday and you are punctual, your chances of staying and not being kicked out is 90%

2) Finish your tasks within reasonable time

3) Show some loyalty

4) Listen to instructions

5) Don’t create problems

Thats probably it, you don’t need anything else to maintain your position, unless of course if the company no longer needs your services or if they have to shut down, then you will inevitably loose your job.

If you want to become super successful at your work and get promoted fast, you have to do the following:

1) Don’t just show up at work, be there 24/7 🙂 come to work at least 15 minutes early, stay till midnight if you have to

2) Do WHATEVER IT TAKES to profit the company

3) Think about work all the time, while you are driving, while you are shi**ng, while you are eating, while you are playing

4) Everything you hear and see, report it to your boss

5) Tell the truth 10 % of the time, give white lies 90 % of the time, do you know why Obama is so successful? He is one of the best liars you will ever see

6) Kiss the hell out of your boss’s ass

On the other hand, running your own business in my opinion is a lot better. People who work for themselves have a profound understanding of the mechanisms of PASSIVE INCOME, while the people who work in “jobs” deal with ACTIVE INCOME. Active income is an asshole who stares at your face every time you reach the end of the month waiting for your paycheck to be issued, while passive income is a good friend of yours who deposits money in your bank while you are asleep in your bed. If I can help you in anyway today my dear reader is that you do some research and understand the difference between active and passive income, I can not emphasize how important it is that you understand the difference, it will greatly help you succeed if you are aiming at financial liberty.

Why do I think having your own business is better? Well I will let you answer that question, what is better? Working 168 hours per month to get a wage of 3,000 $ or owning a small house that generates 3,000 $ of rent while you are doing nothing. Which one is better? 168 hours or 0 hours? You do the Math.

Of course you need capital to purchase the house for instance, if you are obliged to have a job, then do so by all means but do not keep it as your long term goal, unless if you are fully satisfied with your job and your are happy.

Happy! it’s a very important word in this arena, the majority of workers are not happy.

There is one very important message that I would like to hand over to you, doing what you are passionate about is a 1000 times more important than doing what others tell you to do.

By owning your own business you can:

1) Show up whenever you want

2) Make up as much money as you want, you set your own limits

3) Have plenty of time

4) You are the boss

5) Play by your own rules

And most importantly, do what you enjoy doing.

Thank you for taking the time and reading.

God Bless.

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