job vs business

                                         job vs business

job vs business

If you think you have done MBA or any other degree or you have done any other course and you think your job will make you financially free and make you rich so my friend you are living in the wrong world.

Now a day’s only government job person can say that this job his last and forever job.

Most of the people are generating their income from a job and most of the people only think about their salary increment they never think about they are not doing government job his the company fired him or her any time with any reason.

Many companies fired them thousands of employs due to losses and if you have a job which is the only source of your income and you are in these thousands of people then what will you do.

There is a fear of artificial intelligence taking away your job from you. Your company may be getting bankrupt like kingfisher airline, or you could be stuck in a job without getting a promotion for a long time.   

If you are working in any private company and you are earning 50k per month after promotion you might get a rise of 10% or a maximum of 20% I am very sure you must have worked really hard and you make yourself like a salve for the company.

After all these you just increase on an average 12% and this year inflation increase 4% that you just grow in one year 8% and as your salary increase your expenses are automatically increase.

That means your annual growth is very low you just cross the inflation but if you lose your job how do you manage your expenses.

Make multiple assets

If you want to live better and stress-free life then you have to work hard save and invest money and the most important you have to generate few assets which will give regular income without working anything.

That means if you don’t have a job then you don’t need to worry about money but for that, you have to start invest smartly and make few side business where you just need to invest your time on a daily basis.

You can start working any an online business which may give you a good amount of money and you just need to invest a few hours in free time. You can start investing in real estate and earn rental income and your property price will also increase annually on an average 15% but that doesn’t mean also need to invest real estate always  invest your money where you have an interest.

Always think how can I retire earlier? When you will work for making the first assets you have to give you 100% and you will face many problems  but when you will think about making second assets you just need you 50% effort and as you want to increase your assets as you need to put your less effort.

Make multiple assets for regular passive income if you don’t know how to make assets the learn from books or internet you will see a lot of ways but never depend on a single income source.

When you made one asset then automatically your focus will change on

You focus on creating wealth

You invest more for creating more assets

You will start a business

You reinvest your money for generating more wealth

Hire an expert

Hire an expert for manage your finance every most of the people spend a lot of money on their education for getting a job but they never learn how to manage money people afford to spend money on hire any expert.

World most common free financial adviser is a banker who gives advice to every person about where they need to invest. People don’t understand that they lose thousand of money every year through investing in the wrong place.

Bank makes us fool because they want our money for increasing there a business that why they always say to invest in banks for as long as possible and they make tons of money by our money.

People always think about safe investment

Safe assets for a common man

·        Fixed Deposits

·        Government Bonds & Schemes

·        LIC Products

·        Provident Funds

Risky assets defined by a common man

·        Stock Market

·        Online business

·        Cryptocurrencies

·        Anything innovative & new thin

·        Real estate

              First rule of investing you have to make a plan and set your goal then invest where you have interest but learn constantly about where you need to invest.

If you want my advice for investing then I will tell you first identify your expenses and try to control then and make some extra income source suppose.

If you save 3 thousand per month then do fewer expenses and generated extra income source in your free time then you will need to save because now you saving almost double now invest it and reinvest it.

 if you have less income and high expenses then you need to learn how to grow more income source 

and if you want to learn how you can increase your income then click here

We all agree that financial freedom is very enjoyable But most people never achieve financial freedom because of they do not have the right mindset and they don’t have patience.