When I looked around me in the morning, everyone was rushing to work (including me). At work, my colleagues were catching the very last second to get their project done before the boss appeared in front of their cubicle. At night, finally people were strolling around the park with their dogs, chit chatting with their kids and jogged along the roads.
So why are our lives so routine? Why do we have to repeat the “process of life” over and over again? This perhaps linked to the famous word “rat race”. People liked me, a normal office employee who earned barely enough to support a family, were trained to study hard for the past 15 years of our lives, followed by servicing the nation, before we were released to the world to start making a living ourselves. By the time I had graduated from university, I was already 25 years old.
What Are My Plans?
After graduation, I found a high paying job. I was overwhelmed by the excessive cash dumping into my bank account on the 28th every month. I loved my life. Freshly graduated, a high paying job, what was more I could asked for, until I started looking around.
What I saw was frightening, really scary. Let me explained first. I was drawing close to $3k as a freshly graduated engineer at that time. With my basic pay, I was quite happy. However, my company allowed me to OT (overtime) 72 hours a month. Guess what? I worked 72 hours extra every month, on top of my 44 hours work week. I spent over 60 hours a week in office!
Though the payout was good (I was drawing closed to $6k), things wasn’t right. i looked around and saw many of my colleagues aged. They looked tired and weary appeared in their eyes. They were hard working, in fact, too hard working, contributing over 60 hours per week to work, for the past 10 years of their lives!
When I talked to them, they told me they were used to getting the big pay check. They did not want to see a dip in their income and therefore they had to force themselves to work. They had big plans for every single dollar inside their bank every month, which majority went to the bills. I got scared.
I started to realize I was exchanging my time for money. I was trading 240 hours per month for a $6k pay check? Worth it? No! Though money was important and I loved money, time was more precious to me. I was blessed with 24 hours a day and I wanted to make use of it to do the things I liked. I knew I had to think of some way out.
After I was awake, I studied hard about money. Every person on the planet was given 24 hours a day. So how did the rich manage to get rich? Finally after searching, I managed to find 2 answers.
You had to leverage. Leverage in Dictionary was defined as:
– power or ability to act or to influence people, events, decisions, etc.
It simply meant that you get help from more influential people to succeed within a shorter time. The help could be in terms of power, or financially. In the financial world, businesses merged to leverage each other’s skills to expand. Investors leveraged the expertise of brokers to trade. Sick people leveraged the skills of doctors to get well. We need help from the experts to get our job done faster and effectively.
2. Passive Income
This is my favorite word. Making money while sleeping. Making money while playing. Making money while I wasn’t working. This is called Passive Income. Everyone, I believe in the world, need some form of passive income. Remember the rule:
– You only have 24 hours a day.
With this rule in mind, you can only earn so much a day. You need to think of ways to continue earning when you are not working, every hour, 24×7. The rich are doing this. Look around you, you will notice the real rich are building wealth, not working for wealth. They are building their businesses that can run by others, 24×7. When these people retire, they are still reaping the fruits from their labor.
After I’ve woke up from my dream, or nightmare, I knew that I have to take action, fast. By the time I decided to start earning my 2nd income, on top of my full time career, I was closed to 30. The earlier I start, the better I’ll be as I know I’ll tend to fail pretty much 90% of the time.
Since then, I stopped all my OT. I did not want to work for that moment, I wanted to work for my future. My J.O.B allowed me to earn and live presently. As for my future, I was laying bricks for the foundation. I read tons of books. I started my internet businesses. I failed basically every businesses I started, and I stood up once again, learning from the mistakes I’ve made, and moved on from there.
I knew I wanted stability. My present job allowed me to have confidence in building my future job. J.O.B is no longer stable. No jobs in the world can promise you anything. I saw many of my friends retrenched during 2008, and many of them were family man which kids to support. The next recession will hit us soon, and I know I need to have 2nd, or 3rd sources of income. Building businesses and wealth push me to work harder for my family.
Right now, I’m still at the infant stage. Although I had my internet marketing websites as my primary 2nd income, and recently started the ebooks business as my 3rd income, they are still not making much, and still much rooms for improvement. I need to manage well, while continue with my day job and hopefully, able to start 4th, 5th, 6th … streams of income. It’s not easy, but it definitely can be done.
What About You
Many of my friends complained about shortage of money, yet after work, they went back home and did nothing about changing their future. The next day, they came to work and the cycle went on. If they did not do anything to break this cycle, nothing would change.
So have you start planning about your future and working towards it? Do you know what you really want in life, like lying on beach with your family, going for holiday, playing with your children? Well, I suggest you really write down your long term future plan, and break down into steps to achieve them, then go for it! Life’s very short and if you minus the years you want to enjoy, you are short of time! Start doing something for your future today!