Terry Powell, founder of The Entrepreneur’s Source, defines Income, Lifestyle, Wealth, and Equity, and how to make it work for YOU!
What is your definition of wealth? Is it endless money? Taking your private jet to your own island in the Caribbean? Having the mall all to yourself for a private shopping spree? Maybe owning a parking garage in the middle of Manhattan just so you will have a guaranteed spot for your car when you want to see a Broadway show?
Many of those scenarios are a bit fanciful (I mean who DOESN’T want to have their own private parking space in NYC?), but the idea is this: wealth can have just as many different definitions as there are people who work for a living in this country. Your wealth dreams probably are a bit more realistic than the ones listed above. Maybe you want that getaway place in the mountains or the beach, or making sure the kids can attend any college they wish, or having enough for a comfortable retirement.
Here’s my definition for what it’s worth: having enough money to do what you want to do, when you want to do it. Pretty simple, right? But it speaks VOLUMES!
Are you listening?
In your current job, is your income moving you closer to YOUR dreams, or do those dreams appear as if you’re looking through the wrong end of a telescope at them? According to the latest Society for Human Resource Management survey, salaries are projected to increase 3% this year – the same as last year and simply not that impressive. Remember, that’s an AVERAGE, so IF you get a salary increase at all, it will likely be minuscule.
What about your lifestyle? Are you living to work, or just working to live? With an improving economy, more American workers are happier, but in a recent poll, more than 95% of workers stated work life balance was very important to them, even more so than salary, benefits, even job security! So, take stock right now: how’s YOUR work-life balance? Do you have more time for family, friends, hobbies, or activities, or do you have less?
Okay, so you’re putting in a lot of time, for an average salary, but do you have any equity in your job? I mean real ownership? Probably not. You are employed, but not empowered. You are making money for others, with little to show for it at the end of the day, except for a paycheck (which could be a corporate decision away from ending), or capped dollars in a retirement plan, which may, or may not be there when you retire.
Maybe it’s time to reassess your Income, Lifestyle, Wealth, and Equity goals, while becoming self-sufficient as a business OWNER, not an employee.
As the visionary founder of The Entrepreneur’s Source® the nation’s leading franchise coaching network, I was recently asked about my definition of wealth by a national reporter. Here’s what I shared with him for his story:
“The Entrepreneur’s Source® first gave me a new opportunity to be self-employed, then became an amazingly rewarding career and now has become my calling. Wealth for me is freedom, satisfaction, and helping others change their lives for the better. We help people re-define Income, Lifestyle, Wealth, and Equity and use business ownership as the vehicle to achieve their own definition of those four words.”
I see my success and the financial rewards of wealth as a by-product of being able to focus on helping others achieve their own success.”
Freedom. Satisfaction. Do those words resonate with you?
They can be yours working with The Entrepreneur’s Source® (TES), to help educate and explore your options for business ownership. TES will not only help you find those options, but you will have your own personal coach to guide you step by step through TES thorough process, to match you with a business opportunity fitting your skill-sets and personality.
I personally invite you to start discovering the path to having greater control over your work life, as well as defining for yourself what Income, Lifestyle, Wealth, and Equity, really means for you. To take the first step toward transforming your Income, Lifestyle, Wealth and Equity and find your very own franchise match, please visit www.franchisematch.com.
Article originally published on The Entrepreneur’s Source blog