Working to Build Businesses
There is this general concept that you must be old when you retire, that retirement at a young age, say thirty, is difficult, if not impossible, for most people to accomplish. This is because retirement, to them, is living off a hunk of cash, which was either saved or inherited.
Unfortunately, this is the worst way to go about retirement. If you want to save up enough money to live on for the rest of your life, it will take almost a whole lifetime! It could take you less, if, for instance, you have a very high salary and live very frugally. Still, though, it takes a tremendous amount of time.
There is a better way. First, look at how you are working. Are you getting anything from it? Sure, you are getting paychecks. But, that is it. Paychecks. You are not building anything! Your strategy is to cut little pieces of these paychecks off every year and put them into an account which someday will have enough money in it so that it will cover the living expenses for the rest of your life.
What if you were building something that whole time, say, your own business, which could be a company or a group of investments? You could retire within a few short years! Why? You will have an income that comes in automatically. This is what retirement is all about; retirement is freedom. Retirement is not living off a pile of money.
If you want to be rich, you can keep building these systems. However long you do this process of building is however rich you are going to be. Within five years, you can build a big enough of an income to live a decent life. If you work more, you will be able to afford a higher standard of living forever.
Really, what we are talking about is something everybody should be doing. Go to school, to go college, build assets. It is the next step after college, build assets until you are free. Then, you have your whole life to live to do whatever you please. This does not mean that you will sit around, doing nothing. This means you are free to work on what you want.
Imagine the productivity that would be if everyone was able to do the job he or she loved. If everyone took this route after college, then everybody would be doing jobs that they loved!
Cody Scholberg, an expert author on finance, writes about money making ways and ways to make money with MLMs.
