The Hidden Dangers of Job Dependence
The Hidden Dangers of Job Dependence
Don't Be a Consumer - Become a Wealth-Building Producer
On the path to financial independence, individuals whose financial plan relies on traditional employment are at a clear disadvantage.
Does this mean they will never be able to achieve their financial goals?
No, it doesn't mean that.
Of course, with a paycheck, you can still achieve Financial Independence, Retire Early (FIRE) status (I'll explain the necessary conditions later), but it's more challenging.
No matter how enjoyable your job is, how good your hours are, or how much money you earn, all jobs (I repeat, all, without exception) come with certain characteristics that hinder wealth-building:
You're not in control of your life.
Some of my friends question how I make a living managing my money because, in their eyes, "I live in uncertainty."
Even my parents get nervous and constantly remind me of my debts, which, as I've mentioned before, involve having a low-cost fixed-rate mortgage. They don't see it as logical that I left a "stable" job at a good company to make a living…