Watch How to Use Your Salary: Invest in Your Own Business video on DTube
It’s hazardous to your financial health, to bet all your savings or – even worse – borrowings, on a so-called “sure thing”. Because, there really is no sure thing in life. Except that old chestnut, death and taxes. If it were true, though, the best thing to be would be the government – you get to collect taxes. But if you’re not the government, then there really is no sure thing, when it comes to finances. If anyone tells you otherwise, they are lying to you. It’s just not possible, by the laws of nature, to have a sure thing when it comes to your money. So, you don’t take all your savings – you certainly don’t borrow money – and bet it on a so-called sure thing. What can you do, then?
What happens when you save money
You could take a small portion of your income every month, if you get paid every month, and put it aside. If you’re being paid in fiat currency, though, it’s always devaluing. But, you take a portion and put it aside, and it’s better than nothing. The longer you save it, though, the lower its value goes. If you just save it. So, you need to invest it.
What happens when you invest money
You need to invest it – you need to put it in something that grows. However, unless the minor portion of your income that you put aside is huge, i.e., you have an incredibly huge income, then you are putting aside a small amount of money every month that’s probably not enough to buy a huge investment monthly. Nevertheless, you need to put it aside in something that grows steadily.
Something that grows. This could be in stocks, which is the top of mind that everyone thinks of, when you talk about investing. It’s the stock market. They also think of unit trusts. Mutual funds. Which are all better than nothing, of course. Investing in mutual funds would be better than just putting it in a savings account, most of the time, because you get better returns that way. And, investing in the stock market, if you know what you’re doing, would probably nett you better returns than mutual funds. That is, if you know what you’re doing. If you do not know what you’re doing, you could learn, or you could just put it in a mutual fund, where you kind of outsource your investing to someone else who does it full-time. They get the lion’s share of the profits, of course, and you get some of the profit – which, again, is better than nothing. But another area that you could invest in, is in your own business.
The best place to invest it is in your own business
You could, if you have a hundred thousand bucks, open a restaurant and see it succeed or see it fail. Or, you could bite the bullet and join an MLM, a network marketing company – that thing that you’ve been laughing at all these years, laughing at people who go into MLM, into network marketing. Because it is laughable, when you first start out. You need to sell stuff and you get a little bit of money here, a little bit of money there, which doesn’t compare to just freaking going out and getting a job and getting a salary – at least, at first. When you first start out in network marketing or MLM, it looks like a joke; thus a lot of people laugh at it. But well, honestly, an MLM is not a job. Network marketing is not a job. It is a business. Or, you could say it’s a sales job. Except, it’s not a job. You don’t get paid if you don’t sell. It is a business. You’re going into business for yourself. But it is a sales business. Not a job where you just show up, do what you’re told and collect your salary. It’s not like that.
So, if you do have a job right now, the wise thing to do would be to take a small portion of that job’s salary and invest it in a network marketing business of your own; and MLM or affiliate marketing or something like that. What matters is consistency. You take a small portion and regularly put it aside in your own little “laughable” business and watch it grow like a tiny seed, then a sapling, and then a tiny tree. And let it grow. You keep watering it, keep fertilising it; it will grow into a tree and bear you fruit. And then, one day, you can eat of the fruit of that tree. That’s really how it goes, really.
You’re already in a pyramid – make the best of it
Or, you could just keep living off your salary and keep growing that salary till you reach a ceiling and keep breaking through that ceiling and break the next ceiling until whenever. If you are a superb careerist and you can get to a point where your salary is a million dollars, I suppose that would be good. But again, the corporate system is a pyramid. There’s only one person on top – in terms of the salaried employees, of course. In a pyramid, the higher you go, the more you get paid. The ones that really get the lion’s share of the profits are those who own the pyramid. Whatever system you’re in, if you have a traditional job, you don’t own the pyramid. You don’t even own that job. What you do own is – I guess – nothing. You rent your place in that pyramid, and you get paid for as long as you remain in that pyramid. And if you’re an adept careerist, you climb that pyramid. You get closer and closer to the top, and the rental that is paid to you for your time in your blood and sweat and tears increases more and more, but you’re just still collecting rent for your labour, which is essentially your physical work. Even if you are in a white-collar world, highly specialised knowledge work, it depends on your physical body. Because the ability of your mind depends on your brain, and the health of your brain depends on the health of your body. So, it does come down to physical labour. If you are in a corporate pyramid, you are renting out your physical labour for varying sums of rent.
Just take a portion of that rent that is paid to you for your physical labour, and invest it in buying your own little pyramid – or your own little space in a big pyramid – and watch it grow.
(In another video, I talk about the difference between a multi-level or network marketing pyramid versus a pyramid scam.)
Alpha Lim
Mystic Preacher Man
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