New article from the Money Matters series on BlackVoiceNews.com:
I’ve run across many people that seem to think that having a job is the best way to create financial stability. I’m aware that it’s a common idea, but it always floors me when I hear it. Owning a business and having passive income are much better ways to create financial stability for you, your family, and your community.
Let’s look at the idea that your job is a stable source of income. Ha! Your job is not as stable as you might think. We all know people that have been laid off for no reason other than it was best for the company’s bottom line. You will be hired or fired based on the needs of the company. Your employment, from the business’ perspective, has nothing to do with your needs.
What about the idea that having a job brings in “good” money? A job provides x amount of money for y amount of time. Usually you’re trading your time for a specific amount of money without understanding the affect our specific work has on the company’s overall bottom line. Businesses are in business to make money, so it makes sense that whatever amount you are being paid is obviously much less than that work is actually valued at.
A job is a critical piece for most people, but not because of the reasons that most people think. A job provides