There is a distinct mindset that separates the rich from the poor. It is that the rich have chosen to be paid for the results of their performance, but the poor have chosen to be paid for their time.
In the book Rich Dad Poor Dad by Robert Kiyosaki, he debunks the idea of going to school to obtain good grades so you can have a great paying job with a regular paycheck, and then eventually retire. As most of you already know, that scenario usually does not work in today’s economy.
It is okay to receive a steady paycheck, unless it keeps you from earning your true value. And that is the problem – it usually does! But people with a poor mindset prefer to trade time for money; they would rather have that consistent paycheck coming in to make them feel secure. Security is the issue for them, but there is a price to pay because you cannot typically reach your highest financial potential within that framework.
The security issue is really based in fear – fear of thinking they cannot earn enough money to cover their needs. People with this mindset do not believe in their abilities to perform well enough to be paid for their performance. So they trade time for money and limit their earning potential because time is a limited commodity.
The reality is that most people who have made their millions earned it through their own business. The rich understand that you never want to be in a position that produces a ceiling on your income.
If you are one of those individuals who are paid hourly or by salary, you can begin to escape that scenario by proposing a compensation plan to your boss; at the minimum, you can be partially paid for your individual results. If that is not possible, start your own business, even if it is part-time, and that will still enable you to begin the process of reaching your full financial potential.
Implement one of these two strategies today and you will have created the pathway to financial freedom!
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