Home Business vs Getting another job, 2 or more jobs

Quote from “Jim Rohn – Profits are better than wages.”


Yup, being over 40 years does offer its challenges when it comes to getting a well paid job. A very popular joke about getting a job is its acronym JOB – Just Over Broke. That was what I’ve experienced before. After deducting all my monthly bills I hardly had any money left to save or sometimes even negative. This cannot go on especially as my children were growing older and rising cost of living. Forget about getting a 2nd job when I can’t even land myself with a job. We all work hard. But all that hard work has come to naught. Think about it, everyone’s working hard to get to the top. Do you think there’s enough top positions for everyone? Let’s say, that for every manager, there’s 50 people waiting to take over him. How long do you think you have to wait? 5, 10 or more years? And when he does vacate the position, only one out of 50 employees will be promoted. The other 49 will have to wait until the newly promoted managers leaves in another 5 – 10 years time. How long can the others wait? By the time it is your turn, you might be too old, out of date, not suitable etc.. You’re going to be stuck in your job until you retire. And when that happens do you think you’ll have enough to live on with whatever you have saved. Let’s say the average person in Singapore can live on till 80 and you retire at age 60. Do you think you’ll have enough savings and CPF to live comfortably or even enjoy what you have worked so hard all those years for? You probably will have to beg to stay on the job or even get a lower grade and pay job. You may even have to work for the rest of your lives. Is that a good picture?

Another advantage of a Home Business is the income opportunity. Let’s just say you work hard and everything falls into place. How much will you be able to earn in 10, 20 years? 5K, 10K tops. It’s very low as compared to a Home Business with an income opportunity (of course if you work hard and do it right) of 6 figures or more in 10 or 20 years time. I’ve known people doing it in less then 10 years.

Other advantages are. You get to work anytime, anywhere and for how long as you like. Just like Diploma or Degree courses, do a bit more and you get 2 diplomas/degrees, doing the Home Business, you get multiple streams of income. You also get better rewards and remunerations. You don’t have anyone to boss you around. You choose who you want to work with. You work with positive and like minded people. Birds of the same feather flock together. Poor people think poor and do things that makes them poor. Rich people think rich and do things that makes them rich. Who do you want to mix with? You don’t really have to work that hard to get to the top. Team work gets you to the top unlike all the red tape and office politics of a job. I initially did got a job after 1 year of being retrenched but quit 1 year later due to all the negative stuff from a job. No need to elaborate here. Everyone know it.