Review and Analysis “How to get rich without being lucky.” (Philosophy) Part 2.

You’re not going to get rich renting out your time. You must own equity – a piece of a business – to gain your financial freedom.

Individuals who have a lot of money aren’t typically paid by the hour. They don’t usually work for someone else. They aren’t individuals who sell their labor in exchange for a service they provide. Sure – you can make large sums of money being paid by the hour selling your services; however, you will never achieve the financial freedom and into the category of being “rich” by doing any of the above.

A Doctor, a Lawyer, even the Vice President of a company may all make millions of dollars a year. But they don’t achieve hundreds of millions a year unless they have equity into something, and they surely do not enjoy the financial freedom of doing what they want to do when they want to do it.

The limiting factors here are time and scale. You can only provide your services to so many people and for so many hours until you hit your cap; and unfortunately, the market dictates how much you can charge and to whom.

Therefore, the only real way to gain financial freedom is to own equity into a piece of business.

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