Which Doors are You Opening?

There are two things needed these days; First, for rich people to find out how poor people live, and second, for poor people to find out how rich people work – John Foster

 

There was a middle-aged manager struggling to pay his bills, so he decides to get some advice from a financial expert. He makes an appointment and enters the reception room at Park Avenue. But instead of a receptionist, the manager is greeted by 2 doors, one marked “employed”, the other “self-employed”. He enters the door marked “employed” and is greeted by 2 more doors, one marked “makes less than $30,000 a year”, and the other “makes more than $30,000 a year”. He enters the door marked “makes less than $30,000 a year”, only to find himself greeted by two more doors. Door on his left reads “saves more than $500 a month” and the right one reads “saves less than $500 a month”. He saves less than $500 a month and enters the door on the right, only to find himself right back on Park Avenue.

 

It’s painfully obvious that the manager in the story will never get out of his rut until he starts choosing to open different doors. The moral of the story is that most people are like the manager- they choose to enter the doors of life that lead them right back to where they started. The same doors lead to the same results/ place. The only way for people to get different results is to choose to enter different doors. If you continue to do what you’ve always done, you’ll continue to always get what you’ve always gotten.

 

Just like the manager in the story, 95% of the workers in most industrialized countries are employed, makes less than $30,000 a year and save less than $500 a month. These people aren’t getting ahead- just getting by. By age 65, they would mostly be either dead, or dead  broke.

 

So which doors are you opening?

 

95% of people have been taught to copy people who are opening doors that lead to salary caps, dead-end jobs and financial dependence. In short, most people are copycatting the wrong plan- the plan for temporary income. It is based on linear growth of trading time for dollars. The key to wealth creation is leverage.

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~ by Keith Ng on June 15, 2008.

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