Monday, January 22, 2007

How to earn the money you want by doing what you love (Part 2)

Secret #1 - How to Get Out of the Trap of working as an employee

Question you ask yourself: Do You Hate Your Job?

Everyone is looking for freedom and security and a way to live a comfortable life. There are basically 2 shortcomings in this statement.

First is that more than 95% of all people in hate their jobs, According to Andy Fuehl, author of audio CD, Wealth Without a Job. This is becoming a global problem. Not so long ago in Japan, where workers used to be dedicated to their company and stayed their entire working career. These same workers are changing their tune after the last economy down turn Japan suffered for last 10 years. Over 72% of Japanese workers are now dissatisfied with their job and their employers.

So why are so many people dissatisfied?

They are doing work they DON'T love. Does this sound familiar? Could this be your situation too?

When you hate the work you do, you will only do the minimum even though you are working very hard. Your enthusiasm is most likely low and your energy drained. Speaking from his own experience, Andy mentioned that, “I remember when I worked in corporate America for Fortune 500 companies, most people didn't even smile. It was a struggle for them just to be there. My energy levels were drained, and I was always tired during the week. But magically when the weekend came, I had lots of energy and did what I enjoyed.”

Second shortcoming on the statement is that freedom and security are both contradict and yet co-exiting. What do I mean? Many people look for safe and secure job with consistent income. Why not they have a family to feed or they have a lifestyle to maintain. However, many people may not know that the more security you have, the less freedom you received and the higher risk you are. Yes! You hear me correctly, the higher risk you are. In fact, the more freedom you seek the more secure you will be, therefore the less risk you are exposed to.

Following is how Andy Feuhl illustrate this point:

Let's assume you earn $1,000 per month from your job. If you are be downsized tomorrow, how much money are you earning now?

ZERO!

That's not a good situation to be in, is it?

Now let's look at being an entrepreneur. Let's assume you have 1,000 customers that purchase something from you at $0 each month. You're earning $1,000 per month. Assume now that ten customers stop purchasing from you. How much do you have left at the end of the month?

$999.00

In fact, more people than ever for the past 10 years are seeking ways to fire their boss. According to Andy Fuehl, we have more entrepreneurs created. People who are being downsized will seek to become entrepreneurs. These people are taking control of their lives and want to become financially free.

Yet there is a challenge that has to be overcome.

Statistically, more than 50% of all businesses fail in the first year. More shocking is that approximately 95% of all businesses fail in the first five years. This doesn't look too good. In fact, this looks like quite a scary proposition to leave your job and become an entrepreneur, doesn't it?

On the surface it does. The challenge is that most people look at the statistics and say, "That's too risky for me." In reality, being an entrepreneur is far less risky than working for someone else when you know the secrets.

It seems that it is a lot safer to be an entrepreneur or an investor than being employed. Is there risk of being an entrepreneur or an investor, of course there is. Is the risk being an entrepreneur or investor higher than being employed? You be the judge!

The point I want to make is that, whichever choice you make, is make the decision to do what you love. You must make a commitment to do want you love and go ahead of take charge of your own destiny.

The next question you ask yourself is: How do I become successful doing what I love?

(Some of these contents are extracted from article written by Andy Fuehl posted in Nightingle Newsletter)

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