While it’s true that Americans work hard, did you know that we work too much? Can you agree? The truth is we get jobs as early as 15 and work until the age of retirement, which is 62. That’s 47 years of working a 9-5 job! Yet, what people don’t tell us is that we can have multiple sources of income. The truth taxes are written in favor of business and not the average working class. For this reason, we’re here to tell you why you should be having three sources of income: business income, investing income, and working income.
Do you have a dream or talent you have been waiting to share with the world? Make your dreams a reality by starting your own business. No, you don’t need a new office in an expensive location; start small and local. Build your audience, clients, and network. Your side hustle can convert into your full-time job one day. On top of this, taxes are written in favor of business and not the average working class. Take advantage of this moment and ask yourself, “if not now, when?”
We cannot emphasize this point enough — invest young! When you begin investing at a young age, you begin to accumulate wealth over time. You can invest your money in stocks, bonds, & ETFs provide income by Dividends; this is money paid to shareholders by a business for investing in their company. The longer you invest, the more wealth you accumulate. Receiving capital from dividends allows you to retire early and achieve your goals. Here are a few resources to get started:
In the meantime, while we are getting rich, we still need our daily job. That’s right, we need this income to supplement are business and investment income. Don’t think about this position as a long term thing, look at as a stepping stool into your future career. So keep grinding, hustling, and we can’t wait for you to begging to build your empire.