Thursday, June 21, 2012

Keys to Financial Progress

For financial stability and progress, one need to create wealth and manage it well. We shall discuss some things you can make use of to achieve this:

Mentality - this involves making use of your own ability either as -
In the first category you likely own 100% of your labour to yourself while in the second you share your productivity with someone who is your employer. For clarity, if your productivity is 10 and you are self-employed, the whole 10 belongs to you but if you are a salary earner, what you will get is a certain percentage while the rest go to whoever you chose to work for.

From the above, you may quickly conclude that being self-employed is better. However, you need to understand that being self-employed requires you providing all the resources like labour, land, capital and entrepreneurship/management.

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