Tuesday, January 17, 2017

The Paycheck Mentality

I have been coached by many wealthy real estate investors in the last 8 years, and one thing they have in common is that they are entrepreneurs who didn't get their wealth from a paycheck. They understood that they had to take some risks, but it paid off.  True wealth involves a certain amount of risk. If you can't handle any risk, then entrepreneurship is probably not for you!

One big reason my real estate mentor, Tim Taylor, got into his field, was because he saw his father get laid off, after devoting his whole life to the same company. His father felt as if this took away his identity, as a man. He felt worthless. Tim said that after his Dad was laid off, he looked as if he'd aged considerably... it was like he was looking at a shell of the man he used to be.  

Tim had said to himself, that is NEVER going to happen to me! He had been in the same career as his Dad, and just about anyone who met Tim would say that he had a very successful career as a Plant Manager. He had been trained by his father.

Seeing Tim's father have his whole career and identity taken away, by a company he'd been so loyal to for most of his life, instilled a fierce determination in him, to make sure that would never happen to himself. He decided it was time to go into real estate, once and for all (and not just "think about" doing it, as he'd done for the last 10 years or so). 

Tim got a mentor to train him and tell him exactly what to do, and he hit it hard.  And he was able to retire before he turned 50. Now he just coaches people full time (but still does real estate on the side, not because he has to, but because he's good at it and likes to do it).

I've seen several videos with Robert Kiyosaki, talking about how much he dislikes "The Paycheck Mentality." While I have to admit, I did love earning a paycheck, I was fully aware of the fact that it was keeping me from becoming my own boss and having a much higher income.

Check out this video... it's pretty funny.  Hey Robert... tell us how you really feel about "the paycheck"!

I've worked at many jobs in Silicon Valley where I felt like I had "The Golden Handcuffs" on me. Lots of companies get employees to stay, with good pay, great benefits, beautiful offices, and lots of little perks like fun furniture, great holiday parties, unlimited drinks and snacks in the kitchen, and free lunches.

But I knew I was totally limited in this field, and I wanted more. A lot more!

The last boss I ever had in an office was the sweetest, best boss I'd ever had. She was so kind and considerate and was trying really hard to help me get hired... but I didn't want to get hired. I mean... of course I wanted the security of money coming in, on a regular basis, so that I could pay my rent, but... I am that kind of a person who feels like a dog in a cage, when I'm working in an office. I really, really value my freedom, and my ability to keep a flexible schedule. And when I'm in a box for too long, I'm like a plant that's starting to wilt because it's being deprived of sunlight.

It's not that I'm not willing to work hard... I am.  I want to change the world and do something that's really meaningful. But I never felt like I was going to be able to accomplish that, by working in an office.

Please know that I'm not saying that people who work in offices aren't doing something meaningful, because I know they are.  Look at how Google, Facebook, YouTube, Twitter, and AirBnB have changed the world. Those companies are run by lots and lots of people in offices. Everyone is needed, to work together, and do their part.  So please know that I'm not bagging on people who work in offices. Thank God for those people! I know there is some engineer at Blogger who was probably working in an office while he put together all the code that enables me to have a FREE BLOG, on Google, as I write this! So I am really grateful to a lot of people who are willing to do office work!

But I feel like I've put in my fair share of time, working in offices, and I really want to be done. I've more than paid my dues. Now it's time to work for me, and I want to work with other people who want to work for themselves, too.

Who's with me?

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