Does your work inspire you or is it drudgery?
If it’s drudgery, you’re in good company.
According to a 2012 survey conducted by “Big 4” accounting firm Deloitte, 80% of those surveyed did not like their jobs. In another survey conducted by Gallup in 2013, 63% of the 230,000 employees in the survey said they were unhappy with their jobs.
The vast majority do not like their job or do not like their boss. But they feel they have no choice – they need their job. They are what I call salary junkies and wage slaves – they work at a job they hate because they have no choice – they need the money.
A 2010 Gallup poll reported that there were 3.8 million small businesses with four or fewer employees – Dreamers who took a risk and pursued a dream in order to secure a better life for themselves and their families.
Many fantasize about doing something they love but only a few brave souls, less than 1%, actually quit their jobs outright to pursue a dream.
But, there is a better way to escape your slave-job. There is a light at the end of your tunnel.
In my Rich Habits study, 76% of the millionaires I interviewed were self-made millionaires – they came from poverty or the middle-class. About a third of these were individuals who started their business on the side, while working as an employee for someone or some company.
After a number of years of building their side business, they eventually were able to quit their slave-job to run their business full-time.
Millionaires understand the path to building wealth requires the creation of multiple streams of income – streams that you control.
Since it takes time to build an income stream, many do so while simultaneously working other pre-existing income streams. Sixty-five percent of the millionaires in my study did just that. Using this side hustle process, they were able to create three or more income streams – streams that they controlled.
Start building something on the side today. Passion is the key that unlocks the door to becoming a self-made millionaire. Experiment with different side hobbies or side businesses until you find something that you love and that makes your heart sing.
Building an income stream takes time, but if you stumble upon something you are passionate about, you will stick to it. Passion creates persistence.
And the persistent eventually get lucky.
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