Once Jim Rohn understood the above phrase he became rich. He goes on to say, Wages will earn you a living, profits will earn you a fortune.
As an entrepreneur and long term student of personal development I have had my own understanding of the above words for many years though its always great to hear it from a master because it gives me the opportunity to look more deeply as to the effect that particular philosophy has on my life.
Earning a living is about working for someone else, regular hours, regular pay. Creating profits is about building a business, a brand, a product or service. It takes courage, tenacity, persistence, belief and a burning desire to see it through. The risks are higher and therefore so is the potential reward. It can take many many hours of unpaid work until the baby flies, but the feeling of when it flies is, to me, like no other, it is what I imagine extreme sports people feel when they have conquered their sport. It’s not for everyone and that’s fine but for me, the thrill of taking on and figuring out a new business challenge feeds and nourishes my soul and allows me to feel very much alive. So I completely agree with Mr Rohn that profits earn you a fortune.
What do you think?