“Profits are better than wages”, Jim Rohn
We all work for a living. Whether it’s to support our family, pay off debts, or pursue our dreams, we need money to survive in this world. And for most of us, that money comes in the form of a wage.
But what exactly is a wage? In its simplest form, a wage is the amount of money that an employer agrees to pay an employee for the work they do. It’s the compensation that someone receives in exchange for their time, skills, and effort. And for many of us, it’s what we rely on to make ends meet.
However, what happens when that wage is suddenly reduced? Will we stay with the company, or will we start looking for another job? This is a question that many of us have faced at some point in our careers, and it’s not an easy one to answer.
The truth is, most of us work for a wage because we need to. We need to pay our bills, put food on the table, and take care of our families. And if our wage is reduced, it can be a significant blow to our financial stability.
In fact, studies have shown that financial stress is one of the leading causes of anxiety and depression. When we can’t make ends meet, it affects every aspect of our lives. We become worried, stressed, and anxious. And this can have a ripple effect on our relationships, our health, and our overall well-being.
So, what can we do to mitigate the impact of a reduced wage? One option is to start thinking about ways to generate profits instead of just making a living.
Making a Profit vs. Making a Living
While a wage is the amount of money we receive for the work we do, profit is the amount of money we earn from the execution of our ingenuity and hard work. It’s the money we make from investments, businesses, and other sources of passive income.
And unlike a wage, there is no limit to the amount of profit we can make. We can work smarter, invest in money-making assets, and start businesses that generate passive income. This can allow us to break free from the limitations of a wage and start building a more stable financial future.
Of course, making a profit is not easy. It takes time, effort, and often a significant amount of risk. But for those who are willing to put in the work, the rewards can be significant.
One way to start generating profits is to invest in assets that have the potential to appreciate in value over time. This could be anything from stocks and real estate to precious metals and cryptocurrencies. By investing wisely, we can turn our money into a powerful tool that can work for us over the long term.
Another option is to start a business. While starting a business can be risky, it also has the potential to generate significant profits over time. By identifying a need in the market and creating a product or service that addresses that need, we can create a sustainable source of passive income that can provide financial stability for years to come.
The Bottom Line
A wage is an essential component of our financial stability. It’s what we rely on to make ends meet and support ourselves and our families. But it’s important to remember that a wage has limitations. It’s a finite amount of money that is tied to the work we do.
If we want to break free from the limitations of a wage and start building a more stable financial future, we need to start thinking about ways to generate profits instead of just making a living. By investing wisely, starting businesses, and creating passive income streams, we can create a financial foundation that can provide stability and security for years to come.
Reprinted with permission from pathtobetterlife.com
Source: https://pathtobetterlife.com/profits-are-better-than-wages/
