Be your own boss ideas? Sometimes, you think in retrospect and realize you have spent a significant number of irredeemable years sharecropping on someone else’s land with little or nothing to show for it.
During such thoughts, the decisions you could and should have taken run through your mind in droves, then the summary of your thoughts is simply that you have come to terms with the fact that you were an employee whether poorly, averagely or highly paid who even after years of toiling cannot live the way he wants nor afford the things he wants on a continual and convenient basis without working actively for them.
Summarily, you have failed to achieve financial independence. Simple!
The scenario created above is not to say financial independence cannot be achieved as an employee. It surely is, but financial freedom is very infrequent among employees. Robert Kiyosaki explains this fact with his brilliant cashflow quadrant model to be your own boss.
The model explains that in making money, you will always fall in any of the four categories of those who have jobs (employees), those who own jobs (self-employed), those who own a business system (business owners) and those who make money work for them (investors).
The four categories form the acronym SEBI. Each category has its peculiarities and value which informs why the four categories are domiciled on different sides of the cashflow quadrant. Employees and self-employed folks are on the left while business owners and investors live on the right. There is probably a mind play at this moment on where you stand on the quadrant and why you stand there.
The answers are not far-fetched. You are an employee because you need security, a secure job that brings steady income probably promotions from time to time and nothing else, you are self-employed because you believe in operating by yourself, you are a business owner because you want to be your own boss and smart enough to know that running alone brings limitations. Such people build systems and networks and employ efficient brains to keep the business working.
In this case, they own the business but other people do the work for them. You are an investor because you know how to send your money on profitable errands. They invest their money while the employed and self-employed sweat out to make the investor’s money yield.
There is no gainsaying that those domiciled on the right, namely business owners and investors are the bosses and provide a clue on how to be your own boss. They have the money, they own business, they have the liberty, they pick the brains of those on the left but make the decisions, they don’t get fired rather they fire those on the left.
Finally, the icing on the cake is they are not tied to a job. They call the shots like a boss. So who doesn’t want to be a boss?
Be that as it may, you can migrate from the left of the quadrant to the right if you discover yourself on time and decide to be your own boss. Of course, it does not come on a platter of gold, the journey may require you to get more skills especially that of financial intelligence, take risks, absorb viable lessons from first-hand experiences, be they positive or negative, research, become creative, as well as cut back on spending, and so on.
Do not be scared of the requirements; be confident, in the long run, all is yours. Being a boss will technically take you out of your comfort zone. Your migration doesn’t have to come with one single leap; literally, you could break a leg.
You could make a gradual entry into the right quadrant by staying employed and making money which can either be used to build a business, taking you to the “B” quadrant or investing your income thereby taking you to the “I” quadrant. In reality, what do you invest if not money? These can be sustained until you are sure money flow is steady then you are able to permanently vacate the “E” quadrant.
Finally, being your boss does not translate to lazing around in your pajamas. What you put into the business time and resources wisely is what you get. At the end, you will fall in love with the boss which is you.
Perhaps one of the best means of migrating – even while still on a job – is network marketing, a tested and proven means of ending poverty and setting you on the path to self-dependency.
Ask me how…