By Gicaniro I Will
Trade is the foundation of all income-generating activities. Everything that generates money involves a certain degree of trade. Trade refers to the buying and selling of commodities or services for profit and utility. Profit for the seller and utility for the buyer. Thus, making selling the most profitable business activity there is.
Whether you are self-employed, employed, an investor, or an entrepreneur selling is what you do. It is always a product, service, skills, time, presence, attention, and knowledge you are selling to others who need it and are ready and willing to pay for it.
Even in barter trade, where money is not a medium of exchange, and people just exchange things they have for others they don’t, there’s selling involved. In fact, with barter trade everyone involved is both a seller and a buyer at the exact same time.
Employment is the most common source of income for many people. Employment is the easiest source of income as long as you can do as you are told. It is the easiest because your salary or wage is guaranteed.
For most people, employment becomes their first safe means of earning money. The risk involved in getting a job is less than the risk involved in starting a business yet there exist some high-paying jobs in which an employee can earn more than an entrepreneur or an investor.
There’s a tendency to undermine people who are employed. Regarding them as the inferior ones. Nothing can be further from the truth. Employment is a source of income just like any other. The employee goes through almost similar experiences as an entrepreneur or an investor. They all get challenged, frustrated, tired, worried, anxious, excited, etc. What distinguishes the three is the ability to grow and scale, which gives them the capacity to multiply their income many times over.
The factor of independence is questionable since everybody in whatever field of life is to some extent dependent on something else or someone else to some degree. Whichever way you earn, more important is your ability to retain what you earn, save it, invest it, and multiply it. If you can do this, it won’t matter if you are self-employed or not.
Employment doesn’t reduce your chances of becoming extremely wealthy. It doesn’t make you unlucky in the game of the rich. You still have a shot just as entrepreneurs and investors do. All you have to do is retain most of your earnings, then save it, and then invest it to multiply it.
Employment becomes your channel to obtain means to step into the investment or entrepreneurship world. Keep in mind that you can have one foot in all those income-generating fields as long as you earn from all of them.
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