Wednesday, May 23, 2012

Getting Rich staying at Home (series 4)


Five (5) Indisputable reasons why you need to work at home
It is scary when you see people get emotional each time the issue of quitting their jobs is raised. The absurd facial expression and gesticulation of the hands could get you worried. This sudden outburst of emotional response could also be used as a power within to spur a thought of quitting and living a life of abundance and affordability. In the earlier blog post, it is obvious that some of those reasons why people never quit their job are a common place.
On the contrary these are the same reasons why the bull needs to be taken by the horn

1.   You’ve got family to feed: where there is no money, there is no romance. Money is one of the lubricants that oil the wheels of a home. To stay alive and well, the home has to be fed. It’s not just stocking the fridge with what is available, but rather what is necessary/. What happens when your child spills of the milk from the table? Some folks will yell at the child, while others may smile and see it as a mistake. These two reactions are based on perception and the level of incomes. Your family deserves a barbeque holiday somewhere in the Bahamas, but can you really afford that expense now or ever in your 9am – 5pm. The believe that you get to feed only from the  routine of your 9 – 5pm job, will only get more shouts out over spilled milk on the dining table.
                         
2.   You’ve got mortgage to pay: have you home apart from evenings the value of the comfort of your home apart from evenings when back from work or weekends. The mortgage does not necessary needs to be stretched that long. The question is , who gains from the mortgages paid? Haven’t you considered turning the table around and enjoy the inner peace of having someone else pay the mortgage legitimately while you sleep and never worry about utilities.

3.   You need to work smart to earn a living: Hard work pays no doubt, but smart work pays better and higher. It takes consistent smart work to ensure a pay raise. It gets you an ending stream of pay raises whenever you so desire

4.   The Longer you remain an employee, the slimmer the chances of getting rich: There are no absolute job securities anywhere. Someday you may have to retire, resign or get retrenched, what happens after these incidences had taken effect will have a toll on the emotional state. There should be an exit strategy to which you want to leave the firm and go solo or as a team of entrepreneur. This gives you higher possibilities of making it rich. As an adept, loyal, dedicated employee, the idea of retirement may not mean much until there are few years left to it. These are usually the case with a satisfied job and take home pay.

5.    No Job is safe and secure: the notion that your job is safe and secured is a myth. Every employee is indispensable, including the President of the Corporation. You need to have a holistic view as to where you want to be in three, five, or may be ten years time. Do you want to remain an employee trying to climb the corporate ladder to retire at 56 after some achievements, or to be an entrepreneur at 56 having streams of regular income that gives you twice as much as when you were an employee at a much lesser time?

There are employees who are very rich and have made it big, but most definitely it is only a matter of time, when the much accumulated cash will begin to depreciate if not invested appropriately.