The system is rigged to keep you poor.
I recently got a pay rise from my part time job, (listen to episode 30 of the podcast I talk all about this and how it isn’t a failure to work alongside growing your business), but essentially it is to build the financial run way for our family and grow a property portfolio quicker.
Regardless of the fact that I earn considerably more in my business per hour than I do working for someone else, it is still considered safer in the banks eyes (especially with three dependents), so to collapse time and make it happen quicker this is what I’ve chosen to do.
The pay rise I got was great in my eyes because every little bit counts and all money is money, but within the last few weeks I also got notifications of the day care fees increasing, electricity rates increasing and the kids swimming fees increasing, not to mention the cost of fuel has increased dramatically as I’m sure you’ve noticed.
Now in comparison, the increase in my wage has been completely outweighed by the inflation costs across the board, so basically that pay rise does little to nothing in the scheme of things, so this is what I want you to understand if you want to break the cycle and think like a wealthy person.
If you have been on the fence with starting a business and creating another stream of income then now is the time! In order to grow your wealth you cannot rely on one stream of income, the rich have multiple streams of income and appreciating assets, (i.e. stocks. real estate, a profitable business).
Trading your time for money will only get you so far, but really learning how to make your money work for you and create profitable and scalable offers that aren’t reliant on your time will get you there.
Carla xx