Monday, June 19, 2017

J.O.B. = Just Over Broke

I love to talk about personal finances. I've blogged recently about budgeting and about having an emergency fund, even if it's just a small one. I don't pretend to have it all together financially, but I do know where I want to go and I do know what will not make me rich: having a job.

If you have a job and you are not concerning yourself with any other projects and investments that will bring you income, you are 100% reliant on your employer for your present and your future. You are completely at your employer's mercy when it comes to your annual salary, how much money you make, and therefore your earning potential. That is not to say that you cannot make a decent salary working for someone else. But the likelihood that you will ever "make it big" is a lot slimmer than someone who steps out on their own.

We get dressed up, we get to work on time, and we grind. But for what? You make the same or extremely similar salary as the guy who's there but doesn't give a shit. If you stick it out long enough, you can climb the ladder one 10-15% raise at a time. But again, you're limited to what the employer says you can make.

Having a job is a false sense of security. You know that pay check comes every two weeks no matter what. But you're replaceable. The company doesn't need you - they need what you produce. They don't hire you for charity; they hire you to get something out of the deal.

But what if your employer goes under? There are innovations all the time and companies do go out of business. Pensions are underfunded. There are lay offs. There are no guarantees of success.

We make these feeble attempts to "get ahead" and that's the extent of our financial success.

You are your own business. You are your own brand. There will likely come a time in your life where you will have to stand on your own merits. And if you are not bringing value to people, you will fall.

No comments:

Post a Comment