Job Earnings Come From Being Employed By Someone Else!

Job earnings come from being an employee at a job. This is the worse type of income you can earn in if you are looking to shoot for your dreams and build great wealth.

Employment, or working a job, is a very limited source of income and can be taken away in an instant if you aren't careful. Some people think security when they think job, but they couldn't be further from the truth. Even doctors and lawyers who work in a firm are limited in income, though they do earn more money due to their higher classifications and skills. But they by no means have a lasting income and all of that income will stop if they stop working. Not to mention their time is very limited.

When you have job earnings, you work for someone else and give your time in exchange for an hourly wage, commission, or salary. If you don't go to work, you don't get paid. And you have to play by your employer's rules. Where's the freedom in that?

Most people in this group of income can only financially survive for one month before they start feeling the financial strain in their lives. Most of these people are also so consumed by debt, that they lose all hope in being wealthy because they are stuck in that job for what seems like the rest of their lives.

Being stuck in the JOB category is also known as being in a "Rut". You wake up, eat breakfast, fight traffic, work hard all day, fight traffic, eat dinner, watch a little television, pass out exhausted from a rigorous day and do it all over again the next day.

Being an employee isn't bad if that's all you've known. Once you know what your future has in store, job earnings won't look very promising to you. You must understand the advantages and disadvantages of employment before you use this as your source of wealth building income.

There's an employee almost everywhere you look. Almost every person of working age (18 to 65) is employed by someone else in this world. Why? Because the company that hired you knows something that you don't about making money and they need your help to make that happen for them.

Having a job is one of the worst things you can do for your financial future. How do you plan on retiring by the age of 65 with a job? Do you have a pension plan or rely on Social Security to afford the lifestyle you are used to living by the time you retire? Well, even with a standard retirement plan in place, your security is in jeopardy because of world events, the economy, the company providing the pension plan, and your ability to perform. Let me explain.

It's already starting. The Baby Boomers who had jobs are now retiring. That means they will be taking money out of Social Security and their pension plans (usually held in the stock market) so they can maintain their current lifestyle. What happens when 75 billion dollars is removed from the government's social security funds or moved out of the stock market each and every month so these people can survive? (And this example is only based on an average of $1,000 taken from each source of retirement by each person retiring). You can only imagine. There is no doubt a financial ripple rolling through our economy as you sit here and read this.

If you are relying on those two forms of retirement income after you retire with job earnings, you may have to think again. That money may not be there when you need it most and you will have to continue working until you die. That is worst case scenario of course, but still a very strong possibility at the rate our economy is going.

As an employee, you are limiting yourself in a lot of ways. You are limiting your monthly income, you're limiting your retirement income, and you're wearing yourself out by working so much that you won't be able to enjoy what retirement is really meant for. The government's hope is that you and your spouse won't live to or past the age of retirement. They can achieve this by keeping you stressed out, working all of your life, and unhealthy from that and all of the bad foods they are allowing companies to sell.

And, don't forget about taxes. Job earnings as an employee at a job is one of the highest taxed income sources right now, especially if you are in the lower income brackets. It ranges anywhere from twenty to fifty percent depending on how much money you make.

The only advantage of having a job is your ability to earn a lifestyle-supporting income rather quickly (paychecks based on your time and efforts that seem pretty large at the time). The work required by you in a job is usually ten times more than you like, yet you put up with it because you are dependent on or addicted to that paycheck.

Your dreams are limited to whatever money you have left at the end of the month, which probably isn't much. That's one of the reasons why people stop dreaming shortly after entering the work force because they quickly discover the limitations of job earnings.

A slightly better form of job earnings is being self-employed. But instead of working a job, you own the job.

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