I am so tired of hearing people say to me that it takes money to make money, because that just isn’t true at all.
In fact, it’s that same poor mindset that holds back millions of people from their true potential.
Ideas that limit our minds are what hold our income back.
Unfortunately, much of this came from our parents and teachers.
The idea that income comes from a job is probably the biggest obstacle individuals who desire financial independence have to overcome.
All of us need a winning formula to succeed, and at the center of this is the idea of unlimited income.
It’s the power to create money through our ideas and ability to over-deliver value to others.
There is an unbelievable power that comes with high expectations for yourself and whatever task you take on.
It’s that mindset that takes your brain from saying “I can’t do that” to “How can I make this happen?”
Living the life you dream of doesn’t just happen on its own. Each of us, as individuals, have to make it a point to deliver on our own desires.
Ever since I was a teenager, I have thought about life, money, and everything that is wrong with the current model for the average person. I was recently contacted by a 17-year-old, who had a question about life and, specifically, how to go about becoming financially free through entrepreneurship.
Question: I recently read the book Rich Dad Poor Dad, and it inspired me to become an entrepreneur. I want to ask for your advice. What should I do with my life starting now and after high school? Do I need to go to college to learn how to become one, or do I venture through this field on my own? I know for a fact that I want to live a financially free life, and not live as a slave to debt. I would greatly appreciate it if you could help me.
Below is my answer to this young reader….
Thanks for contacting us. Thinking about life at such a young age is very wise.
Not following the crowd and not doing what’s easy, is really the only way you can truly experience the full potential of life.
However, if you choose to do what’s easy, your life will be hard. Bills, a mortgage, traffic, debt payments, lay off notices, 10 days of vacation per year, and working like a slave for 10 hours per day, that’s what you’ll get if you choose to just get along and do what everyone else does.
My advice to you is if you don’t want to get stuck in the rat race, follow the road less traveled. Don’t ever feel obligated to do what everyone else is doing; at age 17, you can literally do anything you want.
If you want to be an entrepreneur, then find out what you enjoy doing, learn as much as you can about it via books and the Internet, and then get out there and do it. If college is required or it is something you think you would enjoy, then go. But don’t go to college just to get along and follow everyone else.
You will have to find your own path; as an entrepreneur, there are no two paths alike.
There are similarities and core values that can help you, but being an entrepreneur can be very messy and may result in failure. If you fail, consider it your tuition. Failing is not a bad thing; it will help move you forward, and it is the fire that will refine you.
An important thing to think about is what do you enjoy doing? How can you monetize it? Answer this and the rest will follow. Do what you love. Don’t think within the box. Be open to traveling, moving, or talking with people who may think you are crazy. Find a mentor in the field you want to be in and read as much as you can about money.
Nothing is going to determine the enjoyment of your life like the “understanding” of money. Money doesn’t equal happiness, but it sure does make things a lot easier if you know how it works. I would bet that 95% of the population has no understanding of money or even how to live their own life – a life they choose. This will make the road less traveled difficult because there aren’t very many people you can turn to for help.
Most of your friends, if not all of them, will choose the easy path; they will go to school with student loan debt, get a job, buy consumer goods that give them an artificial high, and borrow money for decades to finance what they drive and where they live.
Don’t get caught up in the love affair with stuff, and treat debt as the enemy of your time.
No matter where you are in life or what sources of income you are creating for yourself, know that your thoughts are going to be a big determining factor to where you ultimately end up.