Financial Abundance as an Employee - IMPOSSIBLE

[PerDev]

Financial Abundance as an Employee - IMPOSSIBLE

I believe you can never be and achieve Financial Abundance as an Employee, Thats Impossible. yes Thats Impossible.

We have to accept this. Lot of people are living in illusion that someday we will have that CAR, that Bunglow, that Big Trip.. that one .. (IMPOSSIBLE)
I think this is nothing but deluding outself.

You have to accept this TRUTH, This is impossible as an Employee.
Emoloyee's category is not made of with this purpose.

You have to change your mindest and start looking forword as becoming an Business Owner.

Some of the good resources are

1. Rich Dad, Poor Dad by Robert Kiyosaki
2. The E-Myth by Michael E. Gerber
3. The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It (9780887307287): Michael E. Gerber

What do you think?
What are your views in it ?

Don;t you feel deep down its TRUE?

[vartann]

well IMHO it IS possible to get stunning bucks as an employee
but the thing is:
- however much you make, always be aware that the guy for whom you are sweating is squeezing many times more value out of you, for himself
- however much you make you won t be happy INASMUCH AS you don t do it FREELY but as a slave

cheers

[aelle]

I think that's a pretty damn limiting belief. Not to mention the one about the artificial employee/business owner dichotomy.

[hawkal]

I disagree, you can make a lot of money as an employee. Look at some CEO's / Chief executives.

What you don't ever get as an employee is control of your time, your demand and what you do.

Of course this is usually the case if you want your own business to succeed (at least in the beginning) but the difference is that you still have the choice to not work as long as money is still coming in.

[aelle]

Originally Posted by hawkal

What you don't ever get as an employee is control of your time, your demand and what you do.

Also not true. Not sure what you mean by being in control of one's demand, but in small companies in particular employees have a lot of power over their schedule and goals. In my situation I pretty much do whatever I want, when I want, how I want and where on Earth I want (as long as it brings profit at some point) and my boss acts as a mentor and financer. I wouldn't know if it's frequent, but it does exist.

[Indiana]

Pretty sure my parents have achieved what they regard as financial abundance in their lives as employees and neither of them has even been a CEO.

[hawkal]

But you still have to be there and potentially under the control of another person and that is where it counts. Some people may have relative freedom within their job, usually because they have been entrusted with the responsibility / they have the skill and knowledge to know what to do next with out much input from higher up the chain.

As an employee can you ever go on holiday with out telling anyone without potential repercussions from your boss for doing so when you get back?

[seeker5]

I know several employees who are millionaire and they definitely weren't CEOs. Though they tended to be head of their 10-15 person groups. One of them was my former boss. He even retired at the age of 50 having plenty of money. After a few years he got bored of that, so he went back to being an employee making lots of money and doing it for the fun of it.

That is the exception of course, not the rule. But when you say "impossible", you open yourself up to the example of where it is actually possible

[Daffy Duck]

Originally Posted by PerDev

Don;t you feel deep down its TRUE?

No, I don't, considering that it has been proven FALSE by a countless number of people.

What is your idea of "financial abundance", PerDev?

[danthony]

I know plenty of people that are employees that achieved some level of financial abundance, many are even financially free. Although it's true that owning a business gives you more leverage than a normal employee, it doesn't mean that an employee cannot eventually achieve financial abundance. I do agree that being an employee is limiting in the fact that you are constrained to a paycheck, but you can acquire the mindset possible to make very good financial decisions and get ahead in life.

What is more destructive financially than being an employee is having a limiting mindset or a scarcity type of mindset. You need to learn to think that you can attract abundance and you can eventually live the life you would like. Just because you become a business owner does not automatically equal success. In fact , there are about 90% of new small bsuinesses that fail because those new owners do not have the right experience, capital e.t.c. There are however very successful business owners that have established their business and life a comfortable lifestyle.

Originally Posted by PerDev

Financial Abundance as an Employee - IMPOSSIBLE

I believe you can never be and achieve Financial Abundance as an Employee, Thats Impossible. yes Thats Impossible.

We have to accept this. Lot of people are living in illusion that someday we will have that CAR, that Bunglow, that Big Trip.. that one .. (IMPOSSIBLE)
I think this is nothing but deluding outself.

You have to accept this TRUTH, This is impossible as an Employee.
Emoloyee's category is not made of with this purpose.

You have to change your mindest and start looking forword as becoming an Business Owner.

Some of the good resources are

1. Rich Dad, Poor Dad by Robert Kiyosaki
2. The E-Myth by Michael E. Gerber
3. The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It (9780887307287): Michael E. Gerber

What do you think?
What are your views in it ?

Don;t you feel deep down its TRUE?

[James81]

Financial abundance is a mindset, not a set dollar amount.

[aelle]

Originally Posted by hawkal

But you still have to be there and potentially under the control of another person and that is where it counts. Some people may have relative freedom within their job, usually because they have been entrusted with the responsibility / they have the skill and knowledge to know what to do next with out much input from higher up the chain.

As an employee can you ever go on holiday with out telling anyone without potential repercussions from your boss for doing so when you get back?

I can go on holiday without asking for anyone's permission. I do inform people, though, but that's true of anyone: if one day you just leave and don't tell your girlfriend, there will be consequences... It's about being respectful of people you have commitments with, not about your freedoms being limited.

[Tara680]

More millionaires are made each year by entrepreneurs than in every other field COMBINED.


So no it is not IMPOSSIBLE to have financial abundance as an employee.

However, I just play the odds and enjoy the freedom and control self employment provides.

Just remember though, as an employee you are not in control of your own life, your boss or bosses are. You could be fired at any time for no reason.

[seeker5]

Originally Posted by Tara680

More millionaires are made each year by entrepreneurs than in every other field COMBINED.

Where did you get that statistic? I've seen statistic that shows that self-employed entrepreneurs (that is entrepreneurs that simply start their own one person business) make less than if they were working at other companies, but they tend to enjoy much higher rate of satisfaction. Perhaps your statistic is talking about companies like Google and Microsoft which were entrepreneurs and which made a number of its employees millionaires?

[reflections]

The potential for financial abundance is there whether an employee, employer or entrepreneur. It begins and ends with mindset.

[Tara680]

Originally Posted by seeker5

Where did you get that statistic? I've seen statistic that shows that self-employed entrepreneurs (that is entrepreneurs that simply start their own one person business) make less than if they were working at other companies, but they tend to enjoy much higher rate of satisfaction. Perhaps your statistic is talking about companies like Google and Microsoft which were entrepreneurs and which made a number of its employees millionaires?

nope

[PerDev]

When I say Financial Abudence and when i give 10 out of 10 to the Financial Areas of my life. It does not mean all other areas of life will be below five.

I mean out of 10 in different areas too like,

Health 10
Career 10
Finance 10
Relationship 10
SocialLife 10
etc..

If you want that, Its impossible as an Employee.

simply because your most of the time and decisions (high level) are not in directly control of yourself. You give that power away for being financial abudance. But i believe thats not total financial abudance.

it will be very difficult to have an abudance life because you are not providing masssive passive value. and because employee as tool is not made for that and not good for that.

See what i am saying is what i feel is TRUE, and if you are resisting it then i think deepdown you are also thinking its true.

I think entrprenuer mindset is simply far far more empowering than employee.. there is no comparission.

Let me provide you some of points As an Employee
1. its Income for dummies.
2. Limited experience.
3. Lifelong domestication.
4. Too many mouths to feed.
5. Way too risky.
6. Having an evil bovine master.
7.Begging for money.
8.An inbred social life.
9.Loss of freedom.
10. Becoming a coward.
(from Steve Pavlina's Article.)
11. very limited for abundantly living our lifepurpose.

I know enterprenuer is very different mindeset and to look that mindeset we have to remove red lens of employee and
we have to wear blue lens of entreprenuer. till then you will never be able to know what freedom it provides you.


I myself is an employee and moving forword to switch from this to an entreprenuer mindest and lifestyle.
I believe being entreprenuer creates much more Freedom, Passion, fun, Joy, creativity, quality, contribution, abundance for contribution then
as an employee. I think it also help us better build our muscles in the areas of selfTrust, Confidence, Courage, Creativity, Responsibility etc. . i think its better aligned with Truth, Love and Power.

Originally Posted by Daffy Duck

No, I don't, considering that it has been proven FALSE by a countless number of people.

What is your idea of "financial abundance", PerDev?

[Tara680]

Originally Posted by perdev

when i say financial abudence and when i give 10 out of 10 to the financial areas of my life. It does not mean all other areas of life will be below five.

I mean out of 10 in different areas too like,

health 10
career 10
finance 10
relationship 10
sociallife 10
etc..

If you want that, its impossible as an employee.

Simply because your most of the time and decisions (high level) are not in directly control of yourself. You give that power away for being financial abudance. But i believe thats not total financial abudance.

It will be very difficult to have an abudance life because you are not providing masssive passive value. And because employee as tool is not made for that and not good for that.

See what i am saying is what i feel is true, and if you are resisting it then i think deepdown you are also thinking its true.

I think entrprenuer mindset is simply far far more empowering than employee.. There is no comparission.

Let me provide you some of points as an employee
1. Its income for dummies.
2. Limited experience.
3. Lifelong domestication.
4. Too many mouths to feed.
5. Way too risky.
6. Having an evil bovine master.
7.begging for money.
8.an inbred social life.
9.loss of freedom.
10. Becoming a coward.
(from steve pavlina's article.)
11. Very limited for abundantly living our lifepurpose.

I know enterprenuer is very different mindeset and to look that mindeset we have to remove red lens of employee and
we have to wear blue lens of entreprenuer. Till then you will never be able to know what freedom it provides you.


I myself is an employee and moving forword to switch from this to an entreprenuer mindest and lifestyle.
I believe being entreprenuer creates much more freedom, passion, fun, joy, creativity, quality, contribution, abundance for contribution then
as an employee. I think it also help us better build our muscles in the areas of selftrust, confidence, courage, creativity, responsibility etc. . I think its better aligned with truth, love and power.

word

[PerDev]

I believe Complete opposite is True.

Originally Posted by aelle

I think that's a pretty damn limiting belief. Not to mention the one about the artificial employee/business owner dichotomy.

[PerDev]

I think there is big difference between self-employed and entrepreneurs
What I am talking about it being Entrepreneurs

Originally Posted by seeker5

Where did you get that statistic? I've seen statistic that shows that self-employed entrepreneurs (that is entrepreneurs that simply start their own one person business) make less than if they were working at other companies, but they tend to enjoy much higher rate of satisfaction. Perhaps your statistic is talking about companies like Google and Microsoft which were entrepreneurs and which made a number of its employees millionaires?

[aelle]

Originally Posted by PerDev

I believe Complete opposite is True.

I know, you said so in your OP But I still can't see how believing that some things are impossible is a freeing belief, ever (and in this case in particular).

[Daffy Duck]

Originally Posted by PerDev

I think there is big difference between self-employed and entrepreneurs

What is the difference to you?

Originally Posted by PerDev

See what i am saying is what i feel is TRUE, and if you are resisting it then i think deepdown you are also thinking its true.

That's convenient logic. If you agree with me, you know it's true. If you disagree with me, deep down, you know it's true. Aha!

I've supported myself as an entrepreneur, and I've supported myself as an employee. Right now, technically, I'm doing both. And I say this: living life to its highest joys is very possible in both situations. It matters more on what's going on internally, not externally. How do I know this? I've done it myself.

[Oleg]

I absolutely agree with PerDev. To be the entrepreneur is to be on 100 % the creator of your life, to be completely responsible for every moment of your life. To be the entrepreneur is to make a reality your dream, but not the another's.

[ar81]

First of all, financial abundance is a weird concept, since money exists in our imagination, it is not real.

Second, whatever you believe, that's true. If you think it is impossible, then it is.

Third, as an owner, you'd be subject to supply and demand. Owners of small businesses failed due to crisis all these months. US government does not have reliable data on it, and probably unempoyment is being underestimated.

If you are an employee, at least you know you have a paycheck every month.

[AthenaMarina]

What if I don't have what it takes?
I mean I don't have these great ideas (I WISH I DID!)
Hubby is trying to start a new business & if it succeeds hopefully down the road I will be able to be self-employed.
But - sigh - I don't think we are genius enough to be entrapreneur. (AARGH can't even SPELL it!) Would LOVE to be proved wrong!!
I NEVER had a "think & grow rich" idea. I would LOVE LOVE LOVE to be rich but I don't have original ideas.
Am I screwed?

[aelle]

Originally Posted by AthenaMarina

What if I don't have what it takes?
I mean I don't have these great ideas (I WISH I DID!)
Hubby is trying to start a new business & if it succeeds hopefully down the road I will be able to be self-employed.
But - sigh - I don't think we are genius enough to be entrapreneur. (AARGH can't even SPELL it!) Would LOVE to be proved wrong!!
I NEVER had a "think & grow rich" idea. I would LOVE LOVE LOVE to be rich but I don't have original ideas.
Am I screwed?

Many (most?) company creations are not based on original or exceptional ideas. The decisive factor is how hard you're ready to work. This means you need some self discipline, some method (don't spread yourself thin), some talent (if you work better you can get more results for the same hours) and some passion. You don't even necessarily need to be in love with the idea yourself - loving the process matters more.

[James81]

Originally Posted by PerDev

I myself is an employee and moving forword to switch from this to an entreprenuer mindest and lifestyle.
I believe being entreprenuer creates much more Freedom, Passion, fun, Joy, creativity, quality, contribution, abundance for contribution then
as an employee. I think it also help us better build our muscles in the areas of selfTrust, Confidence, Courage, Creativity, Responsibility etc. . i think its better aligned with Truth, Love and Power.

Wait a minute...so you're not even an entrepenuer but you are pretending to know what it's like to be one?

[ar81]

Originally Posted by AthenaMarina

What if I don't have what it takes?
I mean I don't have these great ideas (I WISH I DID!)
Hubby is trying to start a new business & if it succeeds hopefully down the road I will be able to be self-employed.
But - sigh - I don't think we are genius enough to be entrapreneur. (AARGH can't even SPELL it!) Would LOVE to be proved wrong!!
I NEVER had a "think & grow rich" idea. I would LOVE LOVE LOVE to be rich but I don't have original ideas.
Am I screwed?

If you like and love something, you will do it sooner or later and you would not surrender before obstacles.

But if you just do it because you have to, moved by external pressures like social pressure or social clichés, it is very likely you won't get too far.

[PerDev]

My thread's Title is Financial Abundance as an Employee - IMPOSSIBLE"
its not "How to create Financial Abundance as an Enterprenuer"

So what i am saying is from what i have experience and what i fell is True.

If I am an entrepenuer why should i bother to create this thread, Instead I would create thread may be like
1. whats best way to diversify my income.
2. How to invest my extra money.
3. Is investing in Stock market diretly good or should i go for Mutual funds
4. I am tired and I am planning to go to holiday this monday Where should i go, WHats your suggestion.
etc ..

See I have been as an Employee and have earn a lot from it. But this stage of my life i feel like its not good vehicle for fullfilling my desires, I can see it clearly.

For example.
Its like somehow you have been addicted to smoking and after years you are realizing that smoking is bad for me. it doesn't serve me. my energy is getting low. it kills me slowly.it affect my health and overall life.

And you see other people and if you are completly honest you can see and realize that non-smokers have more energy than you, they have more stamina, they have better health.

Originally Posted by James81

Wait a minute...so you're not even an entrepenuer but you are pretending to know what it's like to be one?

[AthenaMarina]

But isn't it impossible for people like me to be entrapreneurs?
(Much as I'd love to be one?!)