Taking Back Control

Many of us think that we are in control of our own lives, however for many nothing could be further from the truth – especially when it comes to your earning potential. If you are fortunate enough to have a job, working for someone else (an individual or a company) your own financial status is somewhat down to them.

Your boss controls your salary level, and in honesty, the bonus potential both have available and then actually go onto convert (irrespective of the % set out in your contract). Ultimately you have little/no control of your earning capability and being able to flex this.

A follower of mine recently emailed me for some advice. His email went something like this:

Jim,

I hope you can offer some advice to me. I have recently started working for a company that has been doing really well but over the past year or so has started to struggle. I, personally, am trying to do everything I can to turn around my area of the business however things have recently turned a lot worse.

I have not been paid my wages for the past two months as I am told there is no money in the company – soemthing I know is possibly true. But I have bills to pay and mouths to feed.

Not sure you can advise me on what to do, but I just need to ask anyone I know what they would do.

Thanks,

Pete.

Well, I can’t pass comment on Pete’s exact situation (although I have contacted him personally) but the challenge he faces is not an unusual one. The issue he has is that he has traded his time for money (his salary) and has not received this payment. This has a two-fold impact;

1 – He has no money
2 – He has less faith that he will get money this month, or next month etc.

Now whilst this issue is not an “Internet Marketing” topic, I do think that if you go back to the situation of being in control, then it does have some relevance. If you are working for yourself, responsible of generating your own income to put food on the table for your family (and not need to rely on a company to pay you a salary) you have a greater control on your finances. Yes, the monthly salary levels might be lower, but they should be proportionate to your own personal endeavour and ultimately you are being rewarded for your own impact.
It’s clear to me that Pete’s case is a stark one as many IMs start off as a side line to supplement and then replace their core income – but all the same, it is a challenge that many people are facing when it comes to their own monthly financial situation.

Speak soon,

Jim

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