Awareness Before Change

Let’s face it: our needs today are growing more than ever before in any period of history. Salaries remain the same even if prices go up. There are more baby boomers than ever and they have very little pension to tide them over at their retirement after decades of work efforts.

Many people really hate the unhealthy, hectic lifestyle of waking up early, coping with stress at the office, get stuck in traffic jams, spend unnecessary amount of money and time in traveling, get very little rest, and this vicious cycle just repeats itself. This doesn’t paint a nice financial and lifestyle picture.

The first step to change is to be aware of the situation. Awareness before change (or ABC for short) is important if you are to make any changes that will enable you to start taking control of your financial life and eventually getting out of the rat race.

We need the awareness to know what state we are in so we know what we must do to get to where we want to be.

Time And Money

There are generally 4 types of people in the world: (1) No time, and no money, (2) No time, lots of money, (3) Got time, no money and lastly, (4) Got time, and lots of money.

No time, and no money.

This category is where most employees are classified. You can’t go shopping on any afternoon or fire your boss whenever you like. Most employees can’t even save money for their pension that would last more than three years!

Got time, no money.

A lot of farmers, villagers, college dropouts or bums have lots of time but no money. Maybe ignorance is bliss, but without a stable source of income, how long can you last many days forward?

No time, lots of money.

People who are self-employed, professionals and own small businesses are in this category. They are slightly better off than the employee because they earn more, but they have to work even harder than employees to keep up with the diminishing profit margins, competition and servicing their customers.

Got time, and lots of money.

This is the category where big business owners, landlords, investors are in. They do not have to work for money, but have money to work for them. They achieve this by investing and earning profits by using other people's money to make money for themselves.

Which type are you right now and which type would you like to be after taking control of your financial life.