Thursday, December 19, 2019

THE SIZE OF YOUR ECONOMIC FUTURE

Almost every day, I read that the World economy is on the verge of a slow-down, or that things are up, or things are going down. The reality is that none of us depends upon any national average! Your economic future, and your bottom line, are primarily up to you!
Many IMPACT reader's are employees, and some of you think your salary is determined by your boss, or by union scale, or by some other measure. I appreciate that perspective.
Over time, however, your personal wealth is more a function of savings and investment than any salary you might earn. Over time, your financial future is determined by your contribution, your skills, your energy, your ability to see and grasp opportunity, and the actions you take. Your company pay scale may play a role, but over the long-haul, you decide where you work, what you do, and how much value you contribute.
Jim Rohn is fond of reminding his audiences to "never make the mistake of thinking you work for anyone but yourself." You are the CEO of your own personal services company, and your economic future is in your hands.
A client recently told me this story: He has worked for his local County government for several years, but felt stuck and unhappy. He decided to invest in real estate part-time, and since he could only do it part-time, decided he would have to be very efficient. He hired a coach, focused his time, and now earns more from his investments than from his full-time job.
Your economic realities will be a reflection of your skills, your efforts, your choices, and your value in the market-place. As you plan for the new year, take time to reflect on your income for this year. If you are satisfied that it adequately reflects your abilities, good for you! If not, give thought and reflect carefully on any changes you would like to make in the coming year.

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