Ronaldo (1)At the Crossroads: Choosing the Right Career Path
Most of us were taught in school on how to be successful employees. While some may disagree, but especially in the Philippines, our education system is mostly designed to mold and train future members of the workforce.
Others have shown interests in starting a business and a few have chosen to become self-employed. I have chosen this path after more than a year of being employed. I know why only a few chose to go this path, as it needs more than self-confidence and hardwork to stay self-employed for the rest of your life. While the rewards are much better than having a regular 8 to 5 job, the potential to earn and grow bigger is somehow, limited.
The two options mentioned above constitute the choices of the great majority of people. This is well presented by Dr. Robert Kiyosaki in his popular books, Rich Dad, Poor Dad and the Cashflow Quadrant.
According to Dr. Kiyosaki, being an employee or self-employed are considered to be the easiest ways to earn money, however these options take longer to achieve financial independence – which is also dependent on how much you earn. These two paths occupies the left side of the Cashflow Quadrant (as shown in the image).
The door to financial independence can be found at the right side of the Cashflow Quadrant. At the top-right are business owners, people who collaborate with other people and enjoy bigger earnings but at a higher risk. Lately, I have decided to shift into this side of the quadrant and hope to give me better chance in achieving financial independence. It’s hard, and needs lots of sacrifices, and one has to work on some changes to lifestyle and the way you spend money for some period of time. It needs a thorough process of decision-making but returns are far more promising than being employed or just running things on your own.
The bottom-right side of the Cashflow Quadrant is what only a handful of people chose to go. It’s difficult to go into Investing when you don’t have the resources at your disposal. But it is being brave and being smart that makes Investors separate from the other sides of the Cashflow Quadrant. It is the ability to utilize one’s own money, and other people’s money that make Investors earn more money.
Now, what’s more exciting is being able to work on each of the different sides of the Cashflow Quadrant, not actively, but passively. This is all about making money without the need of putting too much energy and time in what you do. This is what most Online Business Marketers, Network Marketers, Multi-level Marketing (MLM), Affiliate Marketers – whatever you call them, including Make Money Bloggers are trying to achieve.
It’s been tried and tested – there is indeed a promise of better financial independence with Passive Income earning. This is where ideas like multiple income streams were derived. You don’t have to put all your eggs in one basket, as they say. It’s all about being smart, and learning the ways to passive income money making that holds the key.
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So whether you are a fresh college graduate, a retired office worker, a full time housewife, a senior company executive, an undergraduate, a car mechanic – or even a bum, there is always an opportunity for everyone. Its all about choices, understanding and careful planning which option you will take, make a career out of it, on what timeframe – and ultimately, achieve financial independence.
I am learning, and I am making blogging as a vehicle to get access to information about passive income generation and taking smart steps to achieve my personal goals.
thanks for visiting my blog and leaving a comment
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At the Crossroads: Choosing the Right Career Path | Bloggista.com | Ramblings of a Newbie Blogger Making Money Online…
A general concept on which path to take to achieve financial independence. First of a series of posts regarding choosing the righ career, employment, business and passive income generation. Based on the principles of the Cashflow Quadrant….
I’ve read that book too. Heheh. It’s an eye opener.
You should try Cash Flow Quadrant by Kiyosaki. It’s a good follow-up to that book. hehehe
Good luck na lang, Roel heheheh
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I’m trying to learn my way from earning from my active work to enjoying the benefits of passive income. I hope I get to that kind of nirvana. I do not like to see myself working in my senior citizen years.
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@Gem, I always believe people like you have an addvantage over people who are stuck with their daily jobs – I too couldnt imagine myself going to work everyday, esp now that I have been working on my own for more than a decade now. I started freelancing at a very young age. It was hard but rewarding most of the time.
Trying to change our mindset from an employee to a boss is not an easy process. Great to see you have interest in learning more about passive income and investments that will “work” for you.
Scott @ The Passive Dads last blog post..Tennis Can Be A Frugal Cheap Sport For Your Family.
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hello!
i like what you’ve written here. i have crossed the same path. i was an employee for 3 years… then i ventured into real estate investing and quit my job. now i have successfully sold 2 properties. it’s both exciting and scary at the same time… but it is all worth it. i now have passive income… not yet at par with my previous salary but in a few months it will. thanks to rich dad poor dad… and think rich pinoy (it’s pinoy counterpart) i heard they’re having a seminar this november 22, just google it for details.
keep on posting!
That’s a great start April! Quitting job to pursue passive income opps is like jumping off the plane on a parachute – but if you’re on to a fun, easy living, then its worth the risks.
I always believe everyone can do it – all it takes are lots of hardwork, patience (it won’t make you a millionaire in a short time), and lots of common sense.
Thanks for sharing. Hope to see you again soon.
Hey there nice post and good information. Yes it’s sad but true but it’s not just the Philippines education system that tries to train people to work away their lives in the workforce, paying heavy taxes, and not having enough for retirement often.
I have read many books by people like Kiyosaki and Robert Allen and they give me a better passive income education in a couple hours of reading than I got in all my years of schooling!
Mike | Online Passive Income Blog´s last blog post..Online Income – Starting out Slow
Nice of you dropping by and leaving a comment Mike – I appreciate it a lot. Yeah, when I was in school, I always made it a point to my instructors that I won’t be getting the complete knowledge and skills if all I do is just listen to them.
Its good thing people like Robert Kiyosaki and Robert Allen opened up the eyes of many about the possibilities of passive income, and provided real, common sense examples and applications of the concept. I too, learned a lot from these guys.
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It’s a excellent blog.
Thanks.
Here are some things to remember while preparing for a career change:
- Most people harbor talents and interests that are quite different from their chosen career path. While planning a new career, make sure that it provides ample room for developing your innate talents.
- A good financial system is an essential aspect of planning a change in career. Often, a poor financial situation can hinder your decision to switch to a new career. If you are mindful of your spending habits, if you have adequate savings and if you are not too anxious about how badly your finances will be affected by a career change, you will be more confident about making that change.
- Once you have chosen a career, keep updating your skills and adding new skills so that you remain a cut above the competition. When you get an opportunity to specialize in that career, go for it.