I guess this is one of the first advice rules of being an entrepreneur. No matter how small the amount may be, make sure you pay yourself too. It can be a big encouragement anyway; at least it can help inspire you to want to do better and increase your personal pay.
So who is an entrepreneur? Oh Dani! Stop it, we all know this. If you say so, let's forge ahead. Are you one and is there a need to be? It all depends on the era we are in. We are seeing disruptions upon disruption and it seems the labor market even in its unemployment scandal is heading down the drench.
Just permit me to just define an entrepreneur as one who creates his own money. So how does this fit into this article? Firstly, he can pay himself and this is something very essential. There is a general knowledge that not everyone can become an entrepreneur. This statement is true to an extent if you understand the fact that investment is a sidechain-enterpreneurship. In short, this is the era we are getting into.
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I could remember sometime when I was writing an article I titled, ’to be dumb is a choice’. How AI helps in smart and efficient work delivery. We can't deny this impact as in those days when calculators first emerged. It was easy to do some tough times taking mathematics.
How about the introduction of applications like the MS spreadsheets that helped in easy accounting. At least, you wouldn't need a BSc in accounting to go around it, a few weeks tutorial could do the trick
artificial intelligence is here and adding to that, the 24/7 exposure to vast knowledge is enough to keep you smart. There is not much time to debate on the smart-dumb mentality as attributed to the vast adoption of AI. What we are going to address again is staying in profit even in the age of no jobs. This continues to be the fear of many; although they claim to hate their jobs, they are not willing to let go.
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Yes I know, it is not for the love of it; rather we are talking of ‘for the lost in it’. ‘No work no pay’ is an old time slang that makes up the labor market. The moment you get sacked so also is your account. This was why I decided to start this article on that entrepreneurial mindset. Please get it straight, this era is ‘pay yourself’.
If you are joking or making little of shares, stakes, dividends and ROIs, I guess the time to make the U-turn is NOW. Don't fight it, AI will take the job market, they will indeed become the full time labor force and you, you will be working.
Did I just say ‘you will be working?’, it all depends on how you understand it. ‘No work no pay’ will still continue meaning that payment will reach those who are engaging in the new way of working.
Working here simply means your money working for you. In the absence of investment for ROIs or whatever of course there will be no pay. The advantage here is that you will get to enjoy the liberty of paying yourself at will. For instance, let say you just invested in a business that is paying 15% APR and on a daily bit basis. You know how much will be set aside to solve your personal needs while focusing on the reinvesting strategy.
To conclude, let me add, we are entering a future that will be bright for those who can think positively. Many keep fearing AI disruptions and forget that the larger this industry gets the more demanding for financial investment it will become. Your duty is to understand what it will bring to the table.
Abundance is coming, let's quit this hard work mentality and embrace relief. Why keep waiting for a 30 day Paycheck, there is currently w big opportunity to pay yourself.
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