Though there are many choices for your investment dollars, only one typically leads to wealth: owning a business. If you look at the wealthiest people in the world, they share one thing in common: they own businesses. You can either start your own business or invest in someone else’s business.
Why Invest in Other People’s Businesses?
There are many ways to invest in other people’s businesses. The two main ways are privately and publicly traded companies. While private equity can be rewarding, I recommend focusing on purchasing publicly traded companies otherwise known as stocks.
Why Start Your Own Business?
Many 9-to-5 workers have dreams of starting their own business one day. Do you dream of someday owning a business? Starting your own business allows you to be your own boss and choose your own hours. However, the best part is knowing what you are capable of and knowing you gave it a shot, even if you fail. There is nothing worse than looking back on your life and thinking, What if I had succeeded back then? I could be in a better place now.
When you were young you were advised to go to school, get good grades, get into a good college, and get a good job. If you followed this formula you were supposed to land a high-paying job, become wealthy, and ride off into the
sunset. Two words for that plan: Yeah, right!
What, you didn’t get that six-figure-a-year job right out of school, or not at all? If you work for someone else, imagine how much money your employer is making to be able to afford you and your coworkers’ wages and still remain profitable. While you are working for someone else you are helping them build their own dream. The employer doesn’t start a business so they can employ you, they do so to fulfill their own dreams and you are a part of their vision.
What are your thoughts? Should you invest in starting your own business or do you feel more comfortable investing in other people’s businesses? Share your thoughts…