That is if your dreams include doing things on your own terms. You know, the sky is really the limit. It’s just that most people don’t know that they need to keep reaching for the sky. Most people let “things and stuff” get in their way of living the way they’d prefer. Many times those “things and stuff” is actually their day job. The truth is that the same reason that a lot of people want to gain wealth is the exact same reason that they never get it in the first place. They think that they are limited by what they can earn by trading hours of their life for dollars. Only problem is that you can’t out earn the problem.
Simply enough, if you want a Ferrari, if you want that big mansion, or heck, if you just want to get another $500/month outside of your job, then you’re going to have to do just that. Produce money outside of your job. Because a job by its nature only pays you enough that it will keep you around – that includes all those nice perks you get (if you’re lucky enough to get them).
The truth of the matter is that if you don’t control the accumulation of assets, then you don’t control the accumulation of wealth. If you don’t control the accumulation of wealth, then you simply don’t control your financial future. Thus working a 9 to 5 job, whatever it is – however cool it is – simply won’t get the job done. Sorry about the pun.
For a good example, here’s our buddy, Pat Flynn of the Smart Passive Income Blog, on this topic when it comes to building online assets:
Whether you’re trying to be a lifestyle or serial entrepreneur (by the definition of what they are, situational entrepreneurs don’t normally have the same goals as the other two), your end goal is to develop enough assets so that you don’t need to trade hours for dollars.