Okay I have a question. This question may be thoroughly confusing but I hope you understand it. Entrepreneurs will say constantly that you should be hungry for as much money as possible but also say that the number 1 thing you should thrive for is freedom (i.e. freedom of your geographical location, free to eat what you want, yada yada)
My question is let’s say there is a certain amount you will inevitably profit either running a POS business or working a high paying corporate job and you know that that fixed amount will make you more than any entrepreneurial endeavour you could have online, what percentage of the that should that percentage be what you’d make with your online entrepreneurial endeavours would be just too low where taking the route that will pay you more will be the better alternative?
On one hand, it would be nice to make money remotely, that way I ALWAYS have control over my geographical location but at the same time, I wouldn’t mind working in a box temporarily but working my ass off that way I can retire earlier and enjoy the spoils of my income.
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Money is the means to live your lifestsyle
I actually believe the majority of people don’t actually want money or freedom as their first priority, what they want is status. They want to feel like they are above someone else. If you think of how thousands of years ago, a king couldn’t have all of the cuisine in the world, he couldn’t have a smart phone or car, internet, or the convenience of the modern world. What people want is relative to what other people around them have.
Money is just freedom coupons. 🦅
We are all slaves until we buy our freedom.
What about those people that have the money to buy their freedom but still choose not to?
Or inherit it lol
Freedom. To generate passive income is the goal for almost all entrepreneurs until we get old and have nothing to do then we get back into working our business and staying busy. Eventually mentoring either others or our kids in the same field.
No it’s not. Very far from it.
They aren’t the same, but you need one to acquire the other. Freedom leads.
Freedom is a lie, nothing is free. It even costs money to make money.
Some people who want money want freedom, others want power and status.
Everyone’s definition of freedom and success is different. For me, I just want time freedom and freedom from being tethered to a 9-5 income. I don’t personally want to be a millionaire, I’d be comfortable making what I make now if I were to run my own business. As long as I could do whatever I want whenever I wanted from wherever I wanted.
As an entrepreneur myself who worked my ass off during my corporate job a few years ago, I was chasing freedom first. But then I love money. So I used money to chase my freedom. It’s one hell of a ride, but it was all worth it. I now have the money while enjoying my freedom. I remember there was this article that I always read whenever I thought of those times. I’ll drop it here in case someone else wants to give it a read. It’s here. https://www.cuppa.so/post/selling-an-experience-the-power-of-storytelling-in-marketing
I think it’s more than money… atleast for me.
Money is a byproduct of success, power, freedom and respect which is what I really want.
Both
But ultimately money is just how much value you provide to people right? Like a score system
Once I hit a certain amount there’s no pressure to need to do anything really - but that’s when I can actually get started for real
Yes, this is correct.
no I want a freedom printer (a successful business)
I don’t think it’s just freedom. Not everyone wants to change their geographical location often.
I think money is just a commodity that can help you get what you want. The problem is not a lot of people have a clear understanding of what they want.
If you have money you can take your family on vacations. But if you are constantly working chasing the money then you won’t have the time to take your family on vacations.
Some people are after the power or status that comes with money. I once overheard a conversation between two girls in a bus in South America. They were talking about traveling and the possibility of living somewhere else. It was obvious that they were from a high class in the country. One girl said “I prefer to have less here and be someone than having more in another country and be a nobody” (sorry if the meaning is lost in translation). She cared more about status than money itself or possessions.
Only a few people are not after money. But those of us who are rarely share the same core reasons for wanting it
The problem is not a lot of people have a clear understanding of what they want.
This is exactly what I see on this sub. People claim to want something but do things that don’t align with what they claim they want.
I think everyone wants status in some way or another. No one aspires to be below average. Better to be a big fish in a small pond than a small fish in a big pond.
You’ll be happier earning $100k in a community where most earn half that than earning $200k where everyone else is earing $500k. In the later case, you’ll feel like a loser.
We all compare oursleves to others around us. That’s why average Americans complain about income inequality despite them being among the richest people in the world.
Conditions change depending on where you live. Cost of living is real. If you work 40 hours a week on minimum wage in the US you are going to have a hard time making ends meet. It’s a fallacy to say that you shouldn’t complain just because someone will have a great life with your salary.
A lot of people are not after status. Specially those who are struggling to survive. You should really take a look at Maslow’s Hierarchy of Needs. Living in a rich country doesn’t automatically mean all your needs are met. Specially in the US where healthcare and education is so expensive. Those are things that literally get people bankrupt. People have plenty of reasons to complain. The rich keep on getting rich without paying living wages to their employees. That’s just exploitation
Freedom is a product, and you can buy it at a certain level of money.
That level, is determined by you. How fancy of a “free” live you want to live. You can live freely in bali for super cheap, but if you wanna travel all the time you’ll need more. You get the jist.
Personally, I want to earn lots of money to spend on jets and yachts – but to live my daily life with no concerns of money. Booking flights to a friends wedding, taking my wife on nice dinners, buying gifts for my friends and family.
For that “freedom” product, I am willing to sell many hours of my time. It’s worth it.