Looking back at my childhood I wish my life would have gone a little bit different. Instead of following the traditional route of good education and “excellence” in various fields I really wish that my dad would have sat me down at the age of six (or so) and said, “Son, today I will teach you how to make and sell lemonade. Everything you will learn from this point on will be business related. You will learn history, you will learn mathematics, you will learn science and politics, but it will all be applied to your daily business life.” Should he have done that, I would have had massive head start and would probably be a billionaire by now.
Instead, my parents have pushed me towards traditional route of education, wasting about 15 years of my life. Society expects us all to have a certain kind of life. For most of us that life if fairly boring. We are born, finish primary education, go to college and get a degree, get our first job, get married, buy a house, get a couple of kids, get a graduate degree, get a management position, change a few jobs, get divorced, send our kids to college, re-marry, retire and go on a few trips around the world before dying of a heart attack a few years later.
Is that the kind of life you want?
Well, I am here to tell you that your life doesn’t have to be that way. The only reason 95% of the population lives the life of mediocrity described above is because of our own limited believes and our assumptions. The assumptions that our society shoves down our throats through our education system, through our media, through our institutions and through corporate marketing.
Let’s take a look at five major assumptions that our society got absolutely wrong. Assumptions you must destroy if you want to be successful.
Assumption: Traditional life is a must. To be successful you must follow the rules society has setup.
The Wrong Way To Look At It: That by following all of the rules you will come out on top. You will study hard and get a good education. You will graduate from college and marry your high school sweetheart. You will buy a house in a nice neighborhood, with white picket fence, get a dog, an SUV and 2 kids. You will save enough money to send your kids to college. After retiring from your high paying corporate jobs and by combining your pensions/ 401K’s your wife and you will have a very nice retirement.
The Right Way To Look At It: The assumption above strike at the heart of the mediocre life described earlier. Look around and name one person who has been able to achieve such a life while getting rich at the same time. I do not know of any and the demographic trends support the notion. You are more likely to end up in divorce and paying child support than retiring happily at the age of 65. The probability of you getting fired from your good paying corporate job is much higher than the probability of you getting any sort of a pension.
My question is…WHY would you settle for such a life?
While there is nothing wrong with having such a life, I am here to tell you that you are capable of so much more. Instead of being a corporate slave with your livelihood depending on somebody else’s decisions and goodwill, you can have your own business. Instead of being tied down to a house and a huge mortgage you can have the flexibility of picking up and moving at any time you want. You get the idea. Just because everyone is doing it, doesn’t mean you have to follow.
Is education important? Sure, but it’s not necessary. Bill Gates and Steve Jobs (and countless others) have proven that without any doubt. Do you have to own a house? No, it actually makes more financial sense not to own. Do you have to have a good paying corporate job? Well, there are no brownie points for that. Point being is…you have to find your own path, do what you love and follow that road to riches (both material and immaterial). That is the view you must have.
Assumption: Corporate security and bi-weekly paychecks are a must.
The Wrong Way To Look At It: A good salary and regular payments schedule is a must in modern society. You must get that paycheck to pay the rent, to buy grocery, to gas up the car and to be able to afford child care, etc… Without it you wouldn’t know what to do. Plus, working for a large corporation gives you that status symbol and safety. You can always rely on your salary check being there.
The Right Way To Look At It: Your paycheck is like crack cocaine. You are addicted to it. It prevents you from really starting your life. Plus, there is no such thing as corporate security. If you have never gone through a round of corporate layoffs, eventually you will. You have no control over your future or over your destiny. The company you work for, the company that pays you with that regular paycheck can fire you at any moment and for any reason. That does not sound like much of a security.
The real security comes from having a business or an income stream of your own. Independent of all outside influences. That way you can build an income that depends solely on your experience and your hard work. Once you have it up and running no one will be able to threaten your future. Not to mention the freedom associated with working for yourself, having the ability to spend as much time as you want with your family and having the ability to earn unlimited income. That freedom is what makes you truly rich.
Assumption: It’s hard to make money or to start a business. Can’t do it. Afraid of failure.
The Wrong Way To Look At It: You don’t know that much about starting a business. You are not sure if there is enough room for your business. All you hear and read is that about 95% of all new businesses fail. You don’t want to go through that failure and as a result you believe you won’t be able to do it. You don’t have enough self confidence to go for it.
The Right Way To Look At It: Starting business today is extremely easy. With Internet at your fingertips you are literally 5 minutes away from having all the information you need in order to start a business. In most cities or states, registering your own business shouldn’t take more than 30 minutes. Plus, with worldwide economy being at $72 Trillion ($17 Trillion in the US alone), all you have to do is grab just a tiny portion on that money to make millions. In fact, with so much money around it is hard not to make money.
No doubt, failure is always a possibility, but it shouldn’t be your main concern. Understand that without failure success would be impossible. Understand that failure is not the end of the world. Understand that failure is a stepping stone to success. Understand that every successful person in the world has failed at one time or another. As such, you shouldn’t let failure stop you. The best part is, you can use the fear of failure as jet fuel to make yourself work harder and propel yourself further.
Assumption: The timing is wrong.
The Wrong Way To Look At It: Most people will fall into the following three categories.
- Just Starting Out: I am too young and do not have enough experience. I must work for a corporation first and get some sort of an experience before opening my own business.
- Middle Management: I am half way up the corporate ladder. Plus, I have too many commitments to start a business now. There is just too much risk. I have a mortgage, a wife/husband, kids, car payments, etc… I will do it once I get to upper management.
- Upper Management: I am making great money now. I don’t want to risk the last 20 years of getting here on starting my own business. Even though I have enough experience and know exactly what to do, I have no energy or drive required to start my own business now.
The Right Way To Look At It: The timing is always wrong. Understand that all of the reasons above are excuses. It’s the story you tell yourself to avoid taking the plunge. Nothing more and nothing less. It is never too early or too late to start your own business. At the end of the day your freedom is at stake. If you are to continue on the path of corporate slavery you will never have freedom or gain riches. As such, you must get off the treadmill as soon as possible in order to start your own business.
Assumption: Not smart enough. Never going to be rich.
The Wrong Way To Look At It: You think that only smart people get rich. You believe that you are neither smart enough nor talented enough nor lucky enough to get rich. It’s just not in the cards for you.
The Right Way To Look At It: Anyone can get rich. Most of the rich people I know are not very smart. They are not idiots, but they are not Ph.D. level smart either. Just normal people who were willing to take the plunge and work hard. First, you must believe that you can get rich. That is a requirement. Thereafter, you just need to start. Dedicate yourself and work hard. Success will follow just as night follows day.
Throughout this section we have explored a number of different misconceptions, assumptions and believes that are detrimental to your future. It was my goal to explore the most common assumption that are preventing you from living the life of your dreams today. I have tried to open your eyes to a different reality. A more beautiful reality where anything is possible and where you are no longer a slave to the corporate culture or the society itself.
A reality where there are no more limits placed on your being. The reality where you can achieve and accomplish everything you set your mind to. The reality where you can have your cake and eat it too. It’s time to drop all of your old assumptions and prosper. Start that business and make a fortune. Spend more time with your family and enjoy the life of bliss and achievement. The freedom associated with living life as you wish is the true wealth. Remember, there is nothing standing in your way.
If you still don’t believe that it is possible, please meet “Mr. I Really Hate That Guy” in the next chapter. He travels around the world, works a few hours a week and makes a ton of money. Did I mention he gets all the girls as well. Don’t worry, I will show you how he does it and how you can do it as well.
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