I have already covered how to create multiple streams of income. Now I want to take a closer look at the employment stream to dissect the reasoning that determines the strength of the cash flow, and the sustainability of the current. The employment stream can mean you have a job, employed to work for a third party business, or it can mean you are self-employed working for your own business. A person may yield the most value from an employment stream by leveraging their individual potential to succeed. What this means in English is that the employment stream will only cash flow if an individual continues to spend effort. Once an individual has either decided to stop working or physically reaches a point where their work demands aren't able to be reached, the stream loses strength and the cash will cease to flow.
The Difference Between a Hamster Wheel and a Wheel of Fortune
The difference between people who reach their goals and those who don’t is no secret. The method in which successful people reach their goals does not require a degree in rocket science or quantum physics. It’s only as complex as the concept of compound interest. A successful person has a vested interest in reaching their goal. Instead of paying all that interest up front, and burning themselves out then quitting completely, they spend just a little effort frequently over a long period of time. On any given day it doesn’t seem like they are doing much, but slow and steady pays more interest than trying to build Rome in a day. Now think about this concept in relation to your employment. Are you moving towards reaching your goals, or are you just running through the same motions week in week out? Here are some questions to ask yourself that will get you thinking in a positive direction whether you feel you’re working a dead end job or you are self-employed:
You are Your Biggest Obstacle
Have any of these questions hit home? A time came for me in 2010, when I sat down and had a little heart to heart with myself, and I had no choice but to face the facts that were defining my life. I was not satisfied. Instead of becoming a grumbling bumbling hamster racing inside the endless wheel of “what if’s” and justifying my failure to take action with ignorant pessimism, I decided to further my education, make changes in my life, and give the wheel of fortune a spin.
The difference between people who reach their goals and those who don’t is no secret. The method in which successful people reach their goals does not require a degree in rocket science or quantum physics. It’s only as complex as the concept of compound interest. A successful person has a vested interest in reaching their goal. Instead of paying all that interest up front, and burning themselves out then quitting completely, they spend just a little effort frequently over a long period of time. On any given day it doesn’t seem like they are doing much, but slow and steady pays more interest than trying to build Rome in a day. Now think about this concept in relation to your employment. Are you moving towards reaching your goals, or are you just running through the same motions week in week out? Here are some questions to ask yourself that will get you thinking in a positive direction whether you feel you’re working a dead end job or you are self-employed:
- · Am I happy with my current position at my job?
- · How much longer would I like to be in this position?
- · What level of education/skills do the people have, in the position I’d like to have?
- · Can I account dollar for dollar, what I spend my paychecks on every month?
- · Are there areas in my budget where I consistently splurge counter intuitively of my deeper desires/interests/goals?
- · How could I better invest my disposable income, so that I may progress towards reaching my goals?
- · Hypothetically, if I imagine where I’ll be five years from today, have I made any progression towards making my deeper desires/interests/goals a reality, or do I imagine myself in the same position I am today? (If you expect the latter then you are either happy/comfortable with where you are, or you have come to the realization that you are unable to come up with any activities you are currently doing that would justify a change in your situation at some point in time during the next five years.)
- · What is my first logical step towards making a change towards reaching my goals?
- · What is honestly stopping me from taking this step?
- · How can I look past these obstacles and make what I want for myself a priority, without neglecting any obligations or responsibilities?
- · Have I surrounded myself with those who support my goals?
- · Is there a portion of my free time I could be making a productive use of on a consistent basis that would help me make small progressions towards my goals?
You are Your Biggest Obstacle
Have any of these questions hit home? A time came for me in 2010, when I sat down and had a little heart to heart with myself, and I had no choice but to face the facts that were defining my life. I was not satisfied. Instead of becoming a grumbling bumbling hamster racing inside the endless wheel of “what if’s” and justifying my failure to take action with ignorant pessimism, I decided to further my education, make changes in my life, and give the wheel of fortune a spin.
