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“Profits Are Better Than Wages.”

Guest post by: Sharon Shirley

Article Overview: In the wages system, we trade time for money, in the profit system you own and can reinvest your money to create more money.

“Profits Are Better Than Wages.”

The people who become financially successful are people who get into a profit system rather than a wage system. As the famous personal development speaker and author Jim Rohn says "Profits are better that wages." In the wages system, we trade time for money, in the profit system you own and can reinvest your money to create more money. No one gets rich in the wage system, there is one or two caveats to this, the first one is pro athletes, such as football or baseball players. The trouble is there are just a hand full of exceptionally talented athletes who can dictate what they earn compared to the rest of us. The other group are corporate executives who trade time for money, but most of there wealth is generating through the profit system part of their contract, for example investing and being given their companies share options.

The problem with the wage system is its low risk, which means low reward. The only way to become financially independent is to take some of your money from your wages and put in into profit system such as buying a property and renting it out, now you're in the profit system.

The Forbes 400 lists the 400 richest people on the planet; it has two kinds of people on its list. The list comprises of those who own or started their own business from scratch such as Bill Gates, or those who may have inherited money from someone who made their money in the profit system.

You might be asking yourself; how do I get into the profit system?

Where will you be in 10 years time if you stay in the wage system, trading time for money, will you let 10 years pass by without achieving your goals?

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Article Tags: money, profit system, profits, wages



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