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Knowing How the Business Industry Works

The Importance of the Business World

By Kevin GardnerPublished 5 years ago 4 min read
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As many us may already know, money and business are connected with everything in the world, no matter where a person might be. Without having an efficient amount of money, it will be very hard to live a life of abundance. Unfortunately, nearly 80 percent of the world population experiences insufficient funds or does not have any money at all. A lot of this has to do with the world's teachings and economic structure. Many people believe that the economy is built in a way that makes the rich get richer and the poor get poorer.

The world was also built on the belief that in order to make a decent income, you have to go to college and get an education. But the truth is, that most of what we are taught when we are younger is not true. This is why most of the world is suffering financially or just making enough to get by. The good news is that slowly, but surely, people are being woken up from the lies and false information. Here is how 20 percent of the world's population is exceeding and why:

They Created for Themselves and Are Their Own Boss

When you go to work for someone else, in a way, you are considered a paid slave. Your company tells you when to go to work and how much you can make, and they also decide when they want to give you a raise. Unfortunately, most people are used to this and actually get comfortable with this kind of lifestyle. But here is what most people won't tell you... it is not okay to get used to working for someone else. This is because when you are directly paid by a company, they put a limit on how much you can make.

For example, a person that works at a call center for TV management makes $18 an hour, but they seem to only get a tiny five percent raise every two years. This means that it is going to take them 20 years just to make double than what they started with, which would be $36 an hour. This problem can easily be solved by being brave and quitting there nine-to-five job and seeing if they can quadruple their earnings on their own. This is why 20 percent of people, like Christopher Sarofim, that are entrepreneurs are known to be more successful and free when it comes to finances. It is important to begin seeking out the benefits of becoming an entrepreneur.

College Can Unfortunately Become a Financial Setback

According to Americans, the third largest debt is caused by student loans for college, with a total of $1.4 trillion dollars of debt in 2018. Many of us are told to go get good grades, go to college, and you will be able to get a good job, but most of the time, this results in disappointment for many people. But if you think about it, the reason why this usually happens is because when people go to college, they have to pay everything back, then they are going to work, just to pay off their school debt. This can become a drastic setback, and in reality, a college degree is not essential.

The best thing to do when trying to learn the true definition of the business economy and how it works is to head straight into the business world. To gain more information on why going to college can be a financial setback, do some additional research online.

Break Free from Old Habits and the Limited Mindset

Many people might find it strange, but most of the time, we are our own enemies. We tell ourselves being rich means you have to do evil, or that becoming rich takes a lot of work—and, of course, we've all heard the saying “money can't buy happiness.” If you haven't noticed, all the comments mentioned above are negative, but they are very popular comments that people make everyday. This is exactly why 80 percent of all people on the planet are financially unhappy. Most millionaires are millionaires because they believe they deserve it. They have a mindset that they were born to live like queens and kings, and don't feel the least guilty about it. Therefore, in order to break free from habits that are keeping you from being happy financially, you need to tell yourself you deserve it and want it.

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