A
Bold Solution
Sooner
or later we're all going to find ourselves face-to-face with
the consequences of the financial trap that is being
spun around us every day. Like it or not, there are those
who will, if they can, keep us in debt for the duration of
our lifetimes - and beyond. The sooner we accept this fact,
the sooner we can focus on creating the extra income necessary
to successfully fight back. So if you're ready, let's roll
up our sleeves and get to it.
In
order to understand the Millennium System™ concept, we
must first understand how people generate income. There are
basically 4 ways to legally earn money in a capitalism-based
economy (not including inheritance or gambling):
-
1) as an employee,
- 2)
through self-employment,
- 3)
by owning a business, and
- 4)
by investing capital.
Let's
take a quick look at each of these.
1)
Employee - If you think that working harder for a promotion,
or taking on another job, is the solution to your financial
worries, then let this be your wakeup call. Unless you are
at the very top of the entertainment, athletic, or corporate
pyramids, the fact is you will never be able to trade
enough hours for dollars to make a real difference in your
wealth.
There
are two unavoidable negative realities working against every
job holder: taxes and the nature of business.
As with gravity, you can fight against them for a while, but
they will always win out in the end.
Capitalism
is a system designed to reward those with capital, and consequently
punish those without it. That's why your bank charges you
an extra fee for a bounced check; you're punishment
for not having enough money is to have more money taken from
you.
As
an employee, because you don't have much capital, your punishment
is you get to pay the highest taxes
of anyone in the economy. And there are virtually no tax
shelters available for your income. It's like being the
rabbit at a wolf hunt; the game is simply not designed for
you to win.
The
very nature of business works against you for the same reason.
For example, even though studies show most Americans would
prefer to telecommute
at least part of the time, productivity demands and management's
need for control will prevent the vast majority from ever
discovering the joys of working
from home.
Businesses
turn a profit by keeping costs lower than revenues - and labor
is far and away the largest cost center for most businesses.
Therefore, if your primary income is from a job, understand
this basic fact of life: a company's ownership will never
pay an employee more money than it costs to replace them.
For
example: ever heard of age discrimmination? The reason so
many employers get away with it is because it's easy to legally
justify replacing older, expensive labor with younger,
better trained, hungry workers willing to work for less.
(And
as for the value of experience, it's actually overrated. Most
10-year employees don't have 10 years of real experience;
often what they really have is one year of experience
repeated 10 times.)
It's
the same with automation
- if a computer or robot can learn to do your job faster,
better, and cheaper than you do, you'd better face the fact
that your days on that job are numbered. It's simple economic
wisdom - and it's good business sense if the company wants
to stay competitive.
It
turns out that your economic progress and your family's security
is determined much more by how well you use your mind to creatively
add value to the marketplace, than by how long
and how faithfully you're able to follow other people's directions.
So
the moral of the story is this; a job is meant to sustain
you while you prepare yourself to become a business owner.
It was never designed to make you financially independent,
and it never will. The solution? Don't fight against the system;
get creditworthy,
get financially educated, and get on the winning
side.
(Note:
If your job isn't even paying enough to sustain you, the answer
is still to get creative and add value. Here's a great place
to start.)
 Next
- Part IV: Is Self-Employment the Answer?
Millennium
System Course 1: Real Estate Resource Kit
Millennium
System Course 2: Home Business Resource Kit
Millennium
System Courses 1&2: Complete Home Study Kit
SkyVault™
Bookstore
millennium-wealth-system.com:
Helping you create a wealth-based
retirement by combining hi-tech business tools with time-tested,
but
little known real estate investing techniques.
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