Are you living paycheck to paycheck right now? Maybe you’re working in a job but you’re not making enough money. Or maybe you are looking for a job to enter the workforce or maybe you are in transition. Maybe you have a job but you’re looking for something better.
I’m not anti-jobs, but what I am anti is anti-happiness. Anti not living up to your potential. When people ask me:” I’ve got no money, I’m broke, what should I do? My first piece of advice to them is to go get a freaking job. Get some money coming in. Sometimes you got to do what it takes just to make a living, to pay the bills.
We all enter the rat race. Since a very young age, we have been programmed by society go to school, get good grades, get a nice, safe secure job. Work 40 years and then maybe retire somewhere warm for the remaining time you have on planet earth. That’s your life. Think about when you were a little kid, and you need money, you asked your mom and dad for some money to buy some candy or to buy a video game. Your mom and dad would tell you to go get a job.
So at a very young age, we have been taught the only way to make any money is from a job. We were not taught any other ways to generate income.
I’m not asking you to quit your job tomorrow and go start a surfboard rental business, or go travel the world. But maybe you’re working at a job and you’re looking for something better. Leaving that job you have is not wrong if you are looking for more money and more benefits.
But my question to you is, what’s your long-term goal? What’s that long-term vision for yourself. I’m not asking you to quit your job tomorrow. I want to help you to stop living the fear of quitting and stop living paycheck to paycheck.
1. Job Security Is An Illusion
If I would ask 100 people to share with me in one single word, what do they want out of a job in terms of a job with benefits and vacation pay, or a retirement plan? Chances are they will say this one word, security. Now my question is, does job security still exist? Just because you work for a big company does that mean you are secure. Maybe you know someone who’s worked for a big company and they worked hard all their lives thinking that they could retire comfortably. But they get laid off, or the company goes bankrupt.
Job security is an illusion. Just because you work hard in one company and it’s going well today, it does not mean that you can predict what will happen in five, 10, 20 years. Industries are getting disrupted by technologies. What exists today may not exist tomorrow. Even a fortune 500 company or a billion dollar company could go bankrupt, suddenly all the work that you’ve done and all the security that you’re supposed to have are gone.
2. Work To Learn Don’t Just Work To Earn
Don’t just pick a job that pays you the most amount of money, or maybe pays you a few dollars more per hour or a couple of grand more per month. Don’t be so shortsighted, think long-term. Pick an industry that you have an interest in. I strongly believe that who you work for
is way more important than what you do.
Imagine if you can go back in time, and you could work for Warren Buffet, Bill Gates, Steve Jobs. Just as they were about to take off,
How much would you learn in the right position? Work to develop a skill set and to acquire your knowledge, work to be better.
Then when you transit out of the job, no one can take away from you all those skill sets.
3. Think Of Your Job As Temporary, Not Permanent
I strongly believe that the credential economy is dead. The idea that you have a degree, and you will work the same job for 20, 30 years
in the same industry without any career shifts or job changes, or maybe studying one subject and then spend a lot of years without a shift to something else completely different, that idea is not related to the current environment anymore.
You have to reinvent yourself from time to time. Think of a job as temporary. You’re there to learn, to acquire knowledge, to develop skill sets, to meet people, and to develop connections but keep in mind that it’s temporary. It’s not permanent. You want to leverage that as stepping stone as a transition, to go to that next career, or transitioning that into entrepreneurship.
It’s not a job economy. It’s a skill economy. If you look at people who now drive Uber. It’s a skill set, that’s not a very valuable skill but it’s still a skill set. They’re doing different things to bring money in. It is a skill economy, it is no longer a job economy. The job that you’re working for right now may not exist but the skill that you have, you can transfer it to different industries.
4. Put Money Aside As You Earn More Money
Have you heard of Parkinson’s Law? What it says is this. No matter how much money people earn they tend to spend the entire amount and a little more besides.
It is one of the most important laws when it comes to money and wealth accumulation. Think back when you were getting started your career. How much were you making back then to how much money you’re making now? Maybe you’re now making more money than before but also you could notice what happens to your expense, your expenses, your overhead, your lifestyle. Most people as they make more and more money from their jobs, they try to keep up with the Joneses.
Their income increases but also, the expenses increase too, It goes like this, the problem is if you spend all the money that you make right now, and you’re not putting aside some money you’re always living in fear of losing your job or getting downsized or getting fired from that company.
What happens if you don’t get that promotion? You’re always living in fear. And when you’re living in fear, you can not make a decision coming from a place of abundance because you’re afraid. You’re afraid to quit, you’re afraid to think outside the box because you’re tied to that job security. You’re so afraid to lose that next paycheck. If you don’t have that next paycheck coming in, you’re freaked out.
5. Create Your Own Job Security
There is a big difference between financial confidence and financial freedom. I believe that financial freedom is actually an illusion just like job security.
Just because you’re free today doesn’t mean you’re free tomorrow. However, when you have financial confidence, meaning that you have the confidence and skill set to generate money. You feel secure within that you’re not depending on the government, economy, or a job, or a manager, or boss.
You’re not even depending on your investments to provide money for you. You have the skill set to go out to the marketplace and be able to generate income on demand.