Why do we work so hard to earn OTHER people money?

Most of us go to work for someone else every day (at least during the week). We work extremely hard for what most of us would feel is not enough $$$.


Why is it that we are able to work hard, be disciplined, show up on time (sometimes), and even go in when we're sick for our "boss"; but when it comes to being your own boss we have a million excuses why we can't do it?

One thing that I have learned as an employee (over many back-breaking years) is that I typically get paid just enough to keep me coming back every day, and that company loyalty just isn't what it used to be.


Seems like when our parents generation was our age the formula was to pick a field, find a good company, work hard until you're old, and finally retire with the promise of a pension.


Speaking of pensions, as Generation X nears our retirement most of us will be lucky if we even see a pension from CPP (the Canada Pension Plan). Unfortunately those same parents who raised you and I will be withdrawing most of the funds from the CPP before we ever get to see them. Not to worry, you will still get to contribute to CPP monthly anyway.


I think by now, many of us have realized that it may be time for a change in the way we view money, and how to earn it.


Having explored the possibility of being self-employed in-depth I think that I can safely say that two of the largest concerns with opening ones own business are the initial cost involved, and of course the uncertainty of success (AKA income).


Please allow me to let you in on a little secret that I have learned though, as an employee your odds of getting ahead are next to nil due to the one thing...


Curious???














TAXES!!!


The reason why many people come to this wonderful nation is because it truly is the land of opportunity. However, nothing comes for free. As they say, "There is no free lunch".


The Government of Canada depends heavily on the average employee to pay its way, as such employees are in the WORST position when it comes to getting ahead.


The solution?


By owning your own business, you can access many tax advantages that regular employees can not. To put it another way, think of all of the benefits that YOUR employer is making by employing you which you never see.


As Jim Rohn said, "Work for profits, not wages".


I know what you're thinking, easier said then done right? Well actually, it can be. There are MANY business opportunities/vehicles out there that allow you to start your own business at minimal cost, and risk (some even as a part time venture).


"Success in business requires training and discipline and hard work. But if you are not frightened by these things, the opportunities are just as great today as they ever were." - David Rockefeller (1915-).