What is Money?
Money is the reward gotten for a problem solved. It is the currency you get in exchange for the solution you provided to an existing problem. Money is that which is given in return for a problem solved. Money therefore is released every time a problem is relieved. That is; there’s no way you can earn or get money until you’ve first solved a problem. In other words, solving more problems literally means making more money. The universal principle of making money states; “TO GET, YOU MUST FIRST GIVE.” Nothing more, nothing less!
The idea of a job originated from this principle. A job is what you do (give) in order to make (get) money. Until you give your time, talent, skill and experience to a job (solve problem), the boss or owner won’t release his money which is what you get (reward) for the job done (problem solved). Before you were employed, the boss or owner had a problem which needed to be solved. The position you now currently occupy was created by the boss or owner so as to solve a particular problem in the owner’s business (asset). Until he’s convinced that you’re adequately qualified to solve the particular problem he hired you to solve, there’s no way you’re going to be paid (money). In other words, you’re the solution to a problem your boss created. The day you’re not adequately solving that problem, your presence will no longer be needed! I’m sorry if I sound a little bit harsh, but this is the bitter truth. The earlier you summon up the courage to accept this bitter truth, the better for you and all your loved ones. The life of an employee is far more risky and uncertain than all the risk faced by an entrepreneur (business owner). Most people would want to agree otherwise, well, experience they say is the best teacher. With time, the bitter truth will emerge; I can only hope by then it won’t be too late!
The reason why employment is very risky and not secure is that a whole lot of others can equally solve the same problem you’re currently being paid to solve for your boss. In fact, most times, they even charge less than what you’re currently being paid. And don’t blame a savvy business owner who is always on the lookout for more ways to cut cost; you would do the same if you were in his shoes. This is why employees are constantly on the edge of their seats. They live and work in perpetual fear of the unknown. Is this the kind of life you seek? Only you can know better.
The universal principle of money equally applies to the business owner or boss; to get, he must also give. The only difference is that he chose to tackle his from a different and more strategic perspective. Be it a worker or an employer, we all must solve problems (give) before we can make money (get). Principles are timeless; they are no respecter of persons. You either accept them and apply them or you reject them and endure the consequence. God is not mocked, whatsoever you sow, same shall you reap.
Both you and your boss obey the universal principle of money; you give in order to get. However, your boss is much smarter. How do I mean? For him to make the money he pays you as salary, he has to use you to solve a problem he has indentified in the life of a customer. If he fails to successfully do this, both yourself and him will be eventually fired by the greatest boss of all; the customer. There’s really no difference when it comes to money between you and your boss; you both must first give (solve a problem) before you can receive (make money). He just like everyone else is financially struggling and desperately wants to be financially free, the ONLY difference is in the kind solution he seeks and this is what separates the poor from the rich. While your boss builds a system that enables him create products or services that solve the problems of his customers, you the employee function as part of the system created by your boss to solve a problem on his behalf. What is now known as BUSINESS is the name given to the system created by your boss to solve the problems of customers.
Whether rich or poor, we all have money problems; the difference is how we go about solving them. For the rich they solve their money problems by building systems (assets) that generate money for them; the poor simply go work (labour) for money. One builds a system that makes money; the other works for money. I ask you, which is smarter? Employees are perpetually poor (financially dependent) because they are ‘part’ of the system, while employers are perpetually rich (financially free) because they ‘own’ the system. The former works in the system created or built by the latter. The rich build systems that generate wealth; the poor go to work in the systems built by the rich for a paycheck. Both give in order to get, but one builds in order to get, the other works in order to get. To be financially free, you’ve got to be a BUILDER and not WORKER! A problem (financial struggle) truly does exist, your boss solves his by building a system, but you solve yours by working in a system. He’s financially free because he owns the system; you’re financially struggling because you’re part of the system. How can you expect to be free from what you’re a part of? Only the one who built the system (business owner) can be free! Why? He’s giving more than you’ll ever give. He builds while you work and God, the universe and all of creation rewards the builder more than the labourer. “I’ll give bread to the eater and seed to the sower” he says.
The rich ultimately become wealthy not because of their accumulated money (savings), but because of their accumulated systems (assets) that continuously generates a constant source of income. This is the secret of the world’s wealthiest people; they never work (labour) for money, they simply build systems (assets) that makes them money. This is the beauty of building a system; it has the capacity to generate constant unlimited cash flows (income) as well as the power to free you of every physical involvement thus allowing you the luxury of time needed to enjoy the money being generated. Wouldn’t you rather choose this than continue the rat race? The time to start is NOW! ...to be continued
Saturday, 6 March 2010
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