Thursday 14 October 2010

Money Earning Situations


Let's discuss what is money earning situations

1. Work for some one else : Most of us is looking for a job and working for some one as an employee in their entire life. As long as the job requirements are met to their academic qualifications and previous job experience, they will continue make money from their job. They will get paid as long as you still work for the company which still exist and making profit. Normally this type of money earning situation is called as 'security' job for most of the employees, and at the other hand, their income will stop if they quit the job or the company went bankrupt.

2. Be a Professional : People who are holding professional certificates and expertise such as doctors, accountants, lawyers, etc is the group who specialize in their area. They are making money as long as their expertise still in demand. They may make a lot of money but ended they have no time and very busy to do their work.

3. Own your own business : People who own a business may run out of time and talent if he/she do by it own. When the business is growing, they must employ others, so that they can get more done. In this situation, you are leveraging off the efforts of other people.

Group 3 is probably a better money situation provided their business is falling under the 4 important principles. I will discuss it in the next post. Stay tune!

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