In an interview with PIX11 Morning News, the international wealth expert focused on ways parents can help their children understand the value of money.
In medicine, they say: “When you hear hoof beats, think horse, not zebra.” According to the doctors in my Live Out Loud community, that translates to: “Don’t go to the obscure and unlikely when you’re dealing with the ordinary.”
Special interview with Joe Polish on his “I Love Marketing” podcast.
It’s being referred to as the worst recession in a generation. If people have learned anything from it, it’s that they need to lead themselves to financial stability, security and, especially, wealth.
Being afraid to ask for money doesn’t just hurt you; it also sets back your investors and customers.
When I was talking to a member of my community at one of my recent Big Table events, he asked me: How do you and your partners hit so many home runs? Now, he was obviously talking about “business home runs.” …
Most of you don’t have a time management problem…you have an energy management problem. Let me explain: I recently met a woman at one of my coaching seminars in Calgary who told me the reason why she wasn’t accomplishing more of what she wanted was because she had an issue with time management. I told her, “No, you don’t. I’m so sick of people talking about time management. If one more person tells you to find a better way to balance your schedule, get rid of them.”
Let me tell you something: running a business – a legitimate business – is TOUGH. Those who tell you any different are lying.
“It’s safer to start a business than stay in a job.”
Yup, read that one more time.
A lot of people fear jumping into the entrepreneurial world because they don’t feel safe. They don’t feel safe not knowing that their income is guaranteed or that they’ll be able to make reliable income. They fear going out and having to support themselves.
Let me tell you something – having a W-2 job, that’s what’s not safe.
How many of your friends, family members, colleagues, co-workers, classmates or acquaintances have been let go by a company who doesn’t care about them? How many of these people have had their position cut by a company who looks at them as a notch against their budget, instead of a viable asset? How many talented and hard-working people have woken up to an email or call from some higher-up telling them, “Thank you, but your services are no longer needed.”
You see, creating your own cash flow, starting your own business, making your own future – that’s the safest bet!
As an entrepreneur, who else can dictate your future when it lies solely in your hands? Who can fire you? Who can tell you you’re not good enough to work here anymore?
No one – you control the entire playing field.
So, next time you’re thinking about taking that next step into entrepreneurship and your start getting afraid, just remember – it’s more dangerous trying to keep a W-2 job than it is to strap up your boots and create your own cashflow.