Why do we choose to work for ourselves?

... in one simple word...

LEVERAGE!

As an employee working 9-5 for someone else, my income potential is limited by

1: My hourly rate and whatever overtime is at hand.

2: My salary.

I might earn $50,000 a year salary but that'd be it. The only way to increase that would be to receive a promotion.

I might earn $25 an hour. But can onnly work so many hours in the day... even if overtime is available.

Yet, working for myself I am able to leverage that to a degree.

I could hire myself out at $30 an hour... or even $50 an hour... or even $100 an hour.

I could charge a set dollar figure for a set amount of product/service and no precisely HOW MUCH I can get.

I could SHARE THE WEALTH and charge customers $30 an hour and pay an employee $15 hour.

I could...

well, you get the idea as far as leveraging money goes.

Time is the same...

As an employee I can only work the hours available and can only DO what a single person can DO.

As my own boss I can outsource and increase my output.

As a single person I can only wash so many cars a day. But with an employee my business can wash double the number of cars... double the work equals double the money.

LEVERAGE...

that's MY reason.

And as a side note...

you can still leverage your money if you're an employee.

I can take a percentage of my employee income and invest it wisely. Making sure to invest in things which appreciate in value or bring in an income stream. Taking advantage of natural appreciation and whatnot.

Depending on the types of things I invest in, I can allow others to make the investment decisions - such as buying shares in Bershire Hathway and letting Warren Buffett make the investment decisions.

Michael Ross.

P.S. Another way to use leverage is to have one thing fund another. Your income funds your investments which could fund other investment types and so on. All of it begun by utilising your income... leveraging your money and time.