Money Over Leisure Time
Some interesting facts I stumbled upon in Personal Money Magazine.
Malaysian perfers money to leisure time. According to a nationwide poll, out of the 600 people polled, 1 in 5 take on additional work to supplement family income. 1 in 10 considers his income inadequate and 1 in 3 says his wages are not enough to make ends meet. Those above 55 also prefer money to leisure time but those between 50 and 55 prefer leisure time. 64% of workers in the production, transport and labour sectors want more money than time. Only teachers and lecturers value time over money, polling 51%.
Errr.. have the majority of the Malaysian been plugged into the wrong system? I am wondering why most of us would trade our time for money by living from paycheck to paycheck. And if we can’t do the work due to retrenchment, illness, injuries or retirement, than what happens? The paycheck stops! What we actually need is a career that will create ongoing residual income. Meaning, we do the work once and get paid over and over again. Check out this eye-opening 10 minutes movie that may change the way you earn income forever. The Parable of the Pipeline by Burke Hedges. Enjoy.
Most of them still think working, climbing the corporate ladder, or “carrying buckets” is the only way to get rich. “Industrial Age money mental”.
And if they could only spend some time reading on wealth creation or financial education books or articles, they would definetely will realise that their dreams of getting rich is POSSIBLE.
Comment by Kevin Tan — July 23, 2006 @ 1:16 pm