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Top 5 Worst Purchases For Your Financial Future



There are good purchases. And then there are the really bad, ugly, regretful, worst purchases that leave a close range shotgun hole in your bank account.

My objective is to get your money working for you like a well-oiled machine and to save you from financial mistakes.

Because you’ll never reach financial freedom if you take one step forward and three steps backward. That doesn’t make sense.

But millions of people are in debt over their heads—that’s not an exaggeration. And the average household with credit card debt owes a balance of $16,748. That’s thousands of dollars a year in interest. Wow!

So why do people continue to commit these financial sins?

There are two guilty parties conspiring against your net worth. And these bandits are reckless. I mean truly despicable savages.

Criminal number one is this consumerism culture pushing the desire to always want something new and never be satisfied with what you have.

This culture is so intense nowadays that people attach their identity to what they have, not who they are as an individual.

For example, they feel good the day they get the new iPhone. But then the second the next one comes out and they don’t have it, they have anxiety. So they spend all their attention and money to get the newest one.

That’s just how they react for their phone. The same attitude exists in all of their purchases. And the bank account takes a beating daily.

You won’t like to hear this, but the second criminal in the manslaughter against your bank account is yourself. That’s right, the face in the mirror who has an intense desire to please and appease your loved ones and friends.

This concept falls in the same bucket as the “keeping up with the Joneses” disease that sweeps the world.

A Volkswagen commercial makes fun of one neighbor who continues to copy the other, but this reality is too true today.

Have your coworkers, friends, or family ever indirectly influenced you to buy something to keep up with them or a new trend? I bet they have. It’s human nature nowadays.

And don’t get me started on your shopping trips with your partners in crime to the mall. You all act like shopping friends, when honestly you’re all peer pressuring each other to waste money.

Can you tell I have strong feelings about this topic? Good, that’s the point.

Using your money for freedom is a serious issue. I’m going to come guns blazing on this one to get my point across.

While I believe sending money to anything that doesn’t make you money or cover necessary expenses is a waste, some purchases are more expensive in the long run than others.

Now I’m not saying the following 5 purchases don’t hold any overall value. But from a strictly financial viewpoint, these are the top 5 worst purchases that will blow up your finances.

5 Worst Purchases For Your Money

1. Home


Wait. Haven’t your parents, the media, and the government told you a home was a good investment, how you signal you’re an official adult, and the path to the American dream? They’re all wrong!

And this 38-year-old millionaire who said buying a condo was his biggest financial regret agrees with me.

Why is a home a bad investment? There are many reasons.

First, I look for investments that get at least 7% to 10% interest annually. Anything less than that isn’t worth my money or time.

I bet this will be shocking news to you: Home ownership produces a big fat 0% long-term return. When you include property taxes and interest rates, your home could produce a negative return—yikes!

I’m certainly never paying property taxes and interest rate taxes on my stocks, or buying stocks that get me a 0% return.

And when you compare a home to a soaring investment like Bitcoin, which has more than tripled in value for me (300% return in less than a year) then buying a home looks even worse.

Plus you have to pay interest on the mortgage, leaving you with less cash flow to invest in your future.

The biggest advantage to investing is getting started early and utilizing compound interest over time. But if your home sucks away that money then you can’t build toward financial freedom.

And then there’s the fact that buying a home ties you down to one location. This limits your mobility and your desire to take a higher paying job in another city because of the pain of moving out of your house.

Settling in one place makes it easy to get comfortable and become complacent with life, instead of striving for more.

The main point is buying a home is nothing more than a savings account. It’s not an investment that will consistently make you money.

Meaning you’re most likely sacrificing millions of dollars down the road because of your home purchase.

Think about that before you commit to a 30 year mortgage and $250,000 on a house as a young adult.

2. New Car


Who wouldn’t want to buy a brand new $30,000 car with a sleek design, flashy wheels, exquisite interior, and new car smell? I know I would.

But buying a new car is like buying a stock on its worst trading day of the year. Because a new car value drops 11% the second you drive this shiny toy off the lot.

That 11% loss is nothing to take lightly. Then when you add the interest rate to the car loan, things only get worse.

Pretty soon you have a new car but no money for gas to drive it—that’s a joke but there’s some truth in it. New cars are sweet until you realize they’re a black hole for your money.

Don’t make the mistake of valuing what you drive ahead of your financial freedom and future. All cars become worthless eventually—where assets keep producing.


I recommend you follow Financial Samurai’s the 1/10th rule for car buying—which states that you spend no more than 10% of your gross annual income on the purchase price of the car.

Following this rule means to buy a $15,000 car you’d need to make a $150,000 income this year. Although it’s controversial (864 comments arguing back and forth on the article) I’m with Financial Samurai and his frugality.

Would you rather look sweet in your whip and be a slave to your bills, or go from point A to B in a used car with complete freedom? If it’s freedom you seek, a brand new car only gets in your way.

3. Boat / Motorcycle / RV / Plane


Buying a boat, motorcycle, RV, small plane, etc., is undoubtedly the wrong move to make as a young adult in your 20s.

Save that for later when you’re financially free and have more money to throw around.

Why should you wait to enjoy the pleasures of these vehicles? It all goes back to the power of compound interest. Any money you put into an expensive purchase like one of these is money that should be used to multiply your net worth.

And if you really have an urge, remember you can rent a boat, motorcycle, or RV for a week. It’s always cheaper to rent these vehicles than own!

This is the worst purchase on this entire list because all of them are unnecessary. The others are somewhat excusable because you need to have a roof over your head, to commute to work, to get dressed, and to not walk barefoot.

Sorry, I’m not sorry about killing your fun because I’m trying to save your money and freedom.

4. Expensive Clothes


Look, I get it. Fashion is trendy, it’s cool, and it inspires confidence.

Plus my sister, A Style Breeze, is a fashion blogger who loves dressing up and I sense the passion each time she talks about it. (Her and I even did a video together titled Look Good, Feel Good that explains the importance of looking good and its social benefits.)

But there’s a difference between looking presentable and balling out at the mall like you’re on a mission to spend as much money as possible. Surprisingly people act like that.

For example, there’s a cult following for these Supreme hoodies that cost around $150.

It’s not the most expensive thing in the world, but it’s just a sweatshirt that says the word “Supreme” on the front. And my frugal head doesn’t understand why people spend $150 to buy one.

Because the math and the money doesn’t make sense when you could invest $150 at a 10% return and reach:

  • $389, 10 years later
  • $1,009, 20 years later
  • $2,617, 30 years later
  • $6,788, 40 years later
  • $17,608, 50 years later

You might laugh that I extended this out to 50 years later. But wouldn’t you rather retire at 70 with $17,608 of cold hard cash or have bought a hoodie 50 years earlier and have no idea where it is?

By learning about Warren Buffett’s mindset towards money and writing my own money book, I’ve learned you have to think this way about your money if you want to be wealthy.

The point is don’t try to dress like Kanye unless you have Kanye money. And even he needs help with his finances apparently:


A few quick tips to save money on clothes are to:

  • Ask for clothes (and pick them out in advance) for your birthday and Christmas presents
  • Borrow roommates’, friends’, or siblings’ clothes
  • Get steals at Goodwill, Plato’s Closet, or other thrift stores
  • Buy versatile tops and bottoms you can wear with anything
  • Purchase based on need and appearance over name brands

5. High-End Shoes


Since they get worn down and lose value with each step, shoes offer weak long-term durability and that’s why they’re a worse purchase than clothes.

You can at least resell clothes and sometimes get 50% of the purchase price. But it’s extremely difficult to recover money from selling used shoes.

It’s best to think of your shoes like you would your car, just a resource to get you from point A to B.

Although the shoes are gorgeous, I’d never buy Yeezy’s ($1,000+) or Lonzo Ball’s new ZO2s ($495 retail) unless I checked my account and saw 8 figures looking back at me.

And wise girls would hold off on the high-end designer heels to find knockoffs that look similar but cost $30 instead of $300.

If you put your money into high-end shoes, be comfortable putting your money in dirt, rain, mud, and snow because those are the elements damaging your shoe purchase.

Where Are Good Places To Put Your Money?

I don’t want to write an article bashing places you put your money and then not give you any solutions.

Negativity and problem-finding is lame. Positivity and problem-solving is the game.

Here’s where to put your money if you want to financially get ahead in the game of life:

  • Invest in yourself to develop your skills or education (includes coaching, online courses, and travel)
    • Return is unlimited
  • Buy shares of the S&P 500 Index Fund
    • On average, you’ll receive 7% to 10% return year after year
  • Start a money-making business
    • Return is unlimited
  • Purchase a rental property
    • Return depends on purchase price and how many units you own

Those are four solid options right there to grow your net worth. Not a single one of them will give you 0% return on your money like homeownership.

And there are also tax incentives to putting your money in these assets. For example, capital gains from your stocks are taxed less than a W2 employee’s income, businesses are taxed less, and rental property offers many deductions to save on taxes.

The difference is all four of these investments are assets that will pay you money, where the home, car, boat, clothes, and shoes are all liabilities that will suck your money dry.

You have the information. Now the choice is yours.

Do you want short-term comfort and to feel proud in front of your family and friends that you can buy nice things? Or do you really want to commit to financial freedom and a successful future?

This answer is a foregone conclusion for me. I have all my chips in the pot, I’m all in, for financial freedom. And that’s why I’m going to get there soon.

If you want to join me, order my Amazon bestselling book Freedom Mindset. This will help make investing simple for you to understand and do yourself.

I believe in you. You can reach financial freedom!

Final Words

Not everything’s about money.

If you really want a home or a motorcycle because it’s always been a dream of yours, then just because it’s not a good investment doesn’t mean you shouldn’t get it.

For cases like that, I recommend you compromise and here’s what I mean.

Say your motorcycle costs $300 a month. To make up for this fun purchase, you increase your monthly investment contribution by $300 a month. Or you save 10% more of your income each month to counteract this splurge.

That way you’re not sacrificing your future. The motorcycle cuts away at your entertainment or eating out budget, not your money for investing or saving.

However, in terms of strictly a financial perspective, none of these purchases—home, car, boat, clothes, shoes—will be bank account positive.

And all of them (maybe besides a house), whether you admit it or not, are short-term moves for instant gratification. Cashing in for the short-term is no way to build wealth.

The way to get rich is to invest in assets, be patient, and continue to pour money into those investments like gasoline to a fire.

If it helps, I’ll be right there with you on the journey to financial freedom.


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Should I Wait To Buy Bitcoin And Ethereum?




When cryptocurrency prices spike, you may question if you should wait to buy Bitcoin or Ethereum at a lower price later. Buying low is only wise after all.

Of course I don’t disagree with the reasoning behind the “buy low, sell high” thinking.

However, the methodology can be difficult if not impossible to accomplish with some investments in real life. And following that philosophy will cost you big opportunities to make money investing in Bitcoin, Ethereum, or other assets.

Let me explain the problem behind this philosophy—because once you understand you’ll become a better investor with more money to show for your efforts than you do now.

The Problem With Waiting To Buy Bitcoin And Ethereum

For people who believe in the cryptocurrency technology and are convinced they’re going to make money investing in the long term, what’s the logic in waiting to buy Bitcoin, Ethereum, or any other asset?

It’s simple: the thought process is by waiting to buy at a later time they can get Bitcoin at a cheaper price and make more money years from the date you purchased.

In a vacuum that strategy is unbeatable. However the market doesn’t work that way! In reality this strategy is very often botched.

Because every day you wait to buy Bitcoin, you run the risk of not buying lower—which you intend—but buying higher—the complete opposite of your plan.

Many times the price is never lower in the future than what it is currently. So buying high, could still mean buying lower than any price point you’re ever going to get going forward. Got it?

It doesn’t make sense to miss out on gains because you’re waiting for the perfect storm when the price of Bitcoin drops 50% in a day—that’s extremely unlikely and by no means guaranteed to happen.

With potentially revolutionary assets like this, my opinion is it’s better to get in the game as soon as possible, even if the price is at an all-time high and you feel like johnny-come-lately.

Think about this: The price of Bitcoin was once at an all-time high of $10, so if you never invested then because you were waiting until it went down to $8 then you cost yourself millions of dollars as one Bitcoin is trading for over $8,000 today.

I didn’t forget about the visual learners out there. Take a look at this price chart to look at every investor that got hammered assuming they waited for Bitcoin to go down when instead it shot up to the moon almost every month since 2013.


There are only a few months, from 2013 on, in that chart where you’d have been better off to not buy Bitcoin and instead buy it the next month. The super majority of months show that it’s crazy talk to wait to buy this hot cryptocurrency.

And this logic is exactly why it makes the most sense to invest with a strategy called dollar-cost averaging.

Use Dollar-Cost Averaging To Build Your Position

Dollar-cost averaging is an investment strategy that recommends you buy a fixed dollar amount of an asset at the same time every month.

For example, someone using dollar-cost averaging to invest in this coin would set aside $300 to purchase Bitcoin on the 15th of every month for (at least) 12 months—no matter the current cost of one Bitcoin.

By doing this, the individual purchases more Bitcoin (or shares) when the prices are low and fewer Bitcoin (or shares) when the price is high. But their dollar amount invested stays the same following this philosophy—and they’re guaranteed to own some of the asset instead of wait on the sidelines.

The difference is simply you’re just gradually investing over months and years instead of investing a huge sum of money one day. And based on the past, performance increases when you invest with dollar-cast averaging.

The reason this technique works well is it’s impossible to time the market.

No one knows when Bitcoin, Ethereum, or stock prices are going to go up or down at any given moment. There’s too many moving parts and random things that can affect the price to accurately predict price movements.

And dollar-cost averaging ensures you don’t buy high and takes your emotions out of investing since all you have to do is stick to a set plan. Even better, set up an automatic investment the day after you get your paycheck to relieve you of the manual labor.

This is a winning investing strategy you should absolutely adapt to maximize your profits.

Final Words

While most people are either waiting too long to invest in these cryptocurrencies or buying them at their peaks, you’ll be using dollar cost-averaging to rake in more profits.

Keep at this and you’ll go from a percentage of a coin to owning a full coin, and then maybe owning 3, 5, or 10 coins plus over time.

If cryptocurrencies like Bitcoin and Ethereum are not your thing, I’d encourage you to execute on this dollar-cost averaging strategy to buy index funds in the stock market. The strategy works just as well here.

And it’s not only a smart strategy in this space, but when wanting to increase your position in any asset—painting, real estate, coin collections, car collections, etc.

Best of luck in your investments and journey to financial freedom!

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

Related: Why 1 Bitcoin Can Be Worth $100,000 In A Few Years

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Interview: Multi-Millionaire & Founder, Dan Wesley




It’s not every day I get to interview an early Internet power player like this guy.

Dan Wesley founded in 2003 and then exited this startup 8 years later with an 8 figure payout. He’s also been a contributor for top publications like Forbes, Mashable, Huffington Post, and Inc.—among other impressive accomplishments.

Confident that Mr. Wesley is rich in knowledge and you guys would take away some solid insights from him, I asked him for an interview and he happily said yes.

The main topics covered below are financial ones like student loans, credit cards, personal loans—you know, that important stuff that ultimately decides how much money you end up with, which controls how free you are to do what you love. And then the interview finishes off with Dan sharing some of his best life lessons.

Getting your money right is a big deal and Dan is going to help us.

Let’s just dive into this goodness so you don’t have to wait any longer.

1. What led you to start and help millions of people financially in the process?

Humble beginnings – I grew up well below the poverty line with the deck stacked against me, like millions from all walks of life, face today. So, I decided to do something about it long before the Nerdwallet’s of the world.

As you can imagine in 1998, Google is, what, 3 years old? Yahoo, Lycos, Netscape are the main events. It took me awhile to get going (2003 is when I really started to publish consistently). It’s been a fairy tale of sorts, as I ended up completely bootstrapping this from a $5,000 tax return to an 8 figure exit.

I still run the business today, the only regret is I only started to scale things (with venture capital) just a year ago.

I could have been Nerdwallet… but I’ll take it!

2. Where do many college students go wrong with student loans and what should they do instead?

That’s a really great question. I’m 40 and while I don’t have college bound children yet, I took student loans to survive. I was the first to graduate in my family with a college degree. So my parents had just as much understanding as I did of student loans plus long term implications. This is a fancy way of saying basically no party had ANY idea what I was getting myself into lol!

But if I had a child college bound today, they would definitely be a beneficiary from my student loan experience. So is it survival? Generational knowledge gap equaling naivety across the board (parent <=>)? The lack of obvious life experience for most college students? You only learn from making mistakes right? Is that inevitable? I don’t know.

Personally, I know I should’ve just stuck to subsidized loans but I ended up taking on unsubsidized as well (I don’t believe these exist anymore and rightfully so). The student loan alternatives: are grants (is Matthew Lesko still around? ha!), employer tuition assistance, military GI bill, and scholarships.

3. Since 1998, when you started helping consumers on financial issues, until now in 2017, what’s changed most about personal finance in your opinion?

Great question! First off, the amount of personal finance information on the web, hands down. They call it “content shock”. Digital information overload plus ubiquity of mobile with always being “connected” (love this graphic…worth a 1,000 words I tell ya).

I read a few years back (2012 I believe), over 2 million pieces of content are published everyday. I can’t imagine how that has grown exponential today. Moreover, I think there’s a form of censorship in play (unintentional in my opinion, explained below).

As the top finance Google results are dominated by brands (nerdwallet, bankrate, thesimpledollar, thebalance) it’s tough for small businesses with better end user value propositions to overcome these behemoths. But I don’t think Google is doing this on purpose—naturally you have so many bad players that Google (as the police officer) ends rewarding the brands that are trusted the most.

If they are trusted the most, you can assume they’re content is commensurate (plays right into Google’s “yo money, yo life” search ranking guidelines).

At the end of the day, the consumer votes with engagement metrics and all Google does is aggregate that against the population of finance sites—it’s that simple in my opinion.

We always pander to the user, not the search engine.

4. Do you recommend 20+ year olds get a credit card? Why or why not?

Can we really stop them? Paraphrasing a great quote, “The only substitute for life experience is being 20”, right?

I’m 50/50 on this. It’s situational – some 20 year olds act like their 40 and others act like they are 10. The key here in my opinion, is limit yourself to just 1 major credit card. You want that credit card as an outlet, safety valve (discretionary or not, things happen and we are human after at all).

In my opinion, no credit card equals no life experience, more risk, potentially more costly to a 20 year olds’ cashflow. (Example: overdraft fee or a late electric bill payment sometimes exceed the interest only payment of that respective credit card.)

In my opinion, a credit card equals life experience if used responsibly; you want that credit card as an outlet, safety valve (discretionary or not…things happen and we are human after at all). Bad credit, as we know, has a nasty butterfly effect when you are trying to finance a car, get an apartment, it unnecessarily complicates your life (I’ve been there begging my parents to co-sign).

Related: Credit Cards Are Your Best Friend

5. How many credit cards do you personally have? What ones? And what’s the purpose behind each one?

I have an Amex Black, Discover, Visa Black. Primary use is, honestly, an additional layer of security (would rather have my credit card compromised vs my bank card).

The Amex Black is awesome for making a point though. I don’t play the I’m-a-multimillionaire-card (you can ask anyone). I’m a pretty laid back, humble guy, but I can totally upend any perceived judgement, underestimation fairly quickly ;).

6. I’m sure there’s a wealth of information you could go on and on about when it comes to this. But what’s your best single piece of advice for a young adult who needs a personal loan?

My single best advice involves one sheet of paper and two columns: pros on the left, cons on the right. Then you can truly figure out if it’s a need or a want.

Use cause and effect exercise so you can identify the drivers of obtaining a personal loan.

Secondary to that, if you embark on the personal loan quest, be sure to shop around. Get at least 3 quotes: 2 digital (like our site or lending club) and 1 brick n mortar (your local bank).

7. Say I’m 27 years old needing a mortgage for my first home. What’s a key point I need to know to come out with the best interest rate possible?

Due diligence, as you know, many governors in play here. Your credit score and income are two items that single-handedly dictate everything.

Assuming those items are in line, I would advocate for comparative shopping (get 3 quotes).

With so many businesses out there, like Nationwide at times, competing for your business, fully maximize that leverage and use points to buy down the rate.

8. Is there one final knowledge bomb you want to drop on us?

Take things one day at time,  can’t stress this enough. If one day at a time is too overwhelming, slow it down even further. One hour at a time, whatever it takes to catch your breath.

It’s so important. I always remind my 8-year-old son (he plays baseball) when his team is losing:

“How many runs can you score at once?”

He replies: “1 dad…”

I reply: “Then work on 1, son, then 2, then 3”, one at a time.

This puts the most important things into perspective, so you bite off what you can chew and this usually leads to a much better outcome in my experience.

Also, here are a few “Danisms”: “refuse to be a statistic”, “never be denied”, and “move like you got a purpose in life”.

9. Where can we go to learn more about what you do and you?

Here’s my LinkedIn profileI will be launching my personal website by EOY.

Like I mentioned before, I do write for Entrepreneur and my work has been featured in over 150 articles across 61 publications including Time Magazine, WSJ and Business Insider. has also been featured in over 48 books and in 2011, I helped Guy Kawasaki launch his new book (view here).

Final Words

There’s a ton of important information shared in this interview.

But, if you’re a regular reader of Take Your Success, you should know by now that life isn’t about absorbing knowledge and calling it a day. You need to take what Dan Wesley said and put it to action if you desire to see positive results.

I want you to win. Do you want yourself to?

Related: The Best Time To Start Is Now

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Why Your Salary Is Costing You Millions In Earned Income




The average person craves a salaried job the for comfort, security, and the guarantee they can pay their bills.

But a salary will cost countless people millions of dollars in earned income throughout their career.

It’s ironic that we want a guaranteed income so we can live comfortably leading up to and through retirement.

That’s what society promises, at least, until things become uncomfortable.

Once something bad happens—you get fired, laid off, don’t save enough, salary increase doesn’t keep pace with inflation, make bad financial choices, have expensive kids, get divorced—and now you’re far away from a comfortable retirement nest egg plus have less skills and determination to go make your own money.

The salaried gig looks great on the outside, until you dive deeper to see that it’s often the single biggest demotivator and limiting factor to earning more money.

Your Salary Kills Urgency And Entices Laziness

Though not entirely similar, a salary shares some common characteristics of communism.

You get the same paycheck every month regardless of your performance—pretty close to communism.

At many jobs, a guy like Bill will voluntarily show up at 6 AM every work morning and leave at 8 PM, while slacker Johnny over there shows up at 8 AM and leaves at 6 PM and is paid the exact same wage as Bill.

The paycheck doesn’t reflect the reality that Bill worked 20 plus more hours than Johnny and got a heck of a lot more done than Johnny.

Talk about unfair? The salary gig is cruel, I’m telling you.

And since that situation isn’t fair, human nature will get Bill to think, “Stop working so hard. Why bother to put in the extra hours if I’m not rewarded? I’m going to start acting like Johnny because he’s doing just what’s asked of him and the boss doesn’t notice my performance.”

Now I’m not naive to think that bonuses, raises, and promotions aren’t a thing in the workforce—a differentiator from communism.

However, those are just too much out of your control to count on and you’re not rewarded until months or years later. And they often require smart salary negotiation, which is difficult if you’re not practiced, on top of luck.

Plus, in the example above, if Bill decides to work less and deliver less value then he won’t get the bonus or raise even if there’s one available.

The idea is that a salary often persuades workers to do the bare minimum to keep their job and keep getting paid.

It doesn’t entice individuals to give their all each and every day to not only make themselves double the income, but the company double the return on investment in them as well.

Knowing a paycheck is coming has a cocaine effect where you’re addicted to that monthly guaranteed income even though it’s not in your best interest to rely on it.

What’s worse is the damage it does to your overall net worth.

Guaranteed Income Costs You Millions Of Dollars

The addiction of needing a salary will costs millions of people, millions of dollars in lost income.

Let’s take a look at the multiple reasons why a salary sets you up to fail in the chase towards wealth.

For one, the average salary increase in the US doesn’t match the potential of a hustler who gets to decide their own income based on their work ethic.

A May 2017 forecast from WorldatWork predicts that salary increase budgets for U.S. employers will grow 3 percent on average in 2018 across most employee categories.

Say you make $50,000 a year at your 9 to 5 job you despise. Are you going to bust your butt for 261 work days in the year for a 3% salary increase? I’m not. We’re only talking about $1,500 at that rate.

The work compared to the payoff doesn’t add up to a good deal. It’s not motivating to me. It shouldn’t motivate you.

I could work at McDonald’s and come out with more dollars per hour than that thievery.

You’ll drag your feet for a 3% salary increase (+$1,500), but perform like a workhorse if you have a definite opportunity to double your current income (+$50,000).

That’s a difference in $48,600 between the two of them for the year and this is just the beginning. The difference is exponential over the lifetime of a career.

Second, when your income is entirely in your hands—be it as a beginner entrepreneur, commission sales rep, recruiter, or other job—your butt is on the hot seat from the get go to perform.

There’s no room to take it easy if you want to eat that week and keep your business alive.

Plus, you’ll be motivated to save extra money since this can turn into the business’ emergency fund or a payroll account to hire some contractors or full-time employees.

Meaning each dollar you earn has a higher purpose than eating expensive meals and treating yourself to materialistic clothing purchases.

And by investing in your business, your company and you personally will take home more profits than if your income was tied down by a normal 9 to 5 job.

I’m not surprised when I look at the richest people in each state only to find that none of them are salaried works but entrepreneurs and business owners.

Now you don’t have to be an entrepreneur, but you do need a job with no ceiling on your income if you want to get maximum performance out of yourself and the rewards that come with it.

Third, the rate of your learning is immensely sped up when you have to rely on your own work ethic to make money and pay the bills. You can’t afford to be out of the know in your industry if you want to compete with your competitors.

This is the pressure that forces you to gain knowledge and then use that experience to win more deals for yourself.

Plus, you can compound your knowledge to make more money in the future or consult others on the keys to success based on your experience. These opportunities aren’t there in the corporate world.

By getting off the addicting salary drug and choosing your own medicine, you force yourself to provide value to others so you can ultimately get paid what you’re worth.

And the more patient and skilled you become, the greater this income increases over years then decades.

That’s how your income grows by hundreds of thousands of dollars every year, which adds up to millions, instead of 3% and $1,500 (if that) every year.

Work Like You’re Not On Salary

You only get to do this thing called life once.

Why take the safe and boring road with a salaried job that is like driving a minivan straight on a flat road until retirement, when you can take the thrilling road in a sports car up a mountain with jagged cliffs and unbelievable views?

Bet on yourself. Work your face off. And work like you’re not on salary.

By mixing things up, you’ll discover if your company rewards you for going above and beyond what’s asked of you.

And if they do incentivize your efforts then you don’t need to find a different job. Maybe it doesn’t though and you see the writing on the wall: you’re worth millions more than you will ever earn here so you find a better job you love.

It’s like any pursuit in life, you need to get out of your comfort zone to truly push yourself, grow, and become the best version of yourself.

Happiness comes from personal growth. So take the jump and make the most of it.

Millions of dollars are nice, but the feeling of personal satisfaction from working incredibly hard and getting rewarded for it will far trump the money—every time.

Related: Would You Live Off A Dollar A Day To Achieve Your Dreams?

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