Good article featuring uncomfortable financial success truths.

Hello Steemians,
I just read an interesting article by @indigoocean and I encourage you to read it. She was a business consultant before she retired to live off her investments and she gives us a rare glimpse into the mind of a financially independent person who is retired at a young age.

The article contains some uncomfortable truths, but I think people involved in cryptocurrency prefer the unfamiliar, uncomfortable truths instead of the familiar, comfortable lies the world tells us.

The article provides insight from an expert who routinely deals with people pursuing “the dream” “their own business”. I found having my own business was not always wonderful or fulfilling or profitable. I enjoyed the way she writes: “Building a business around a service or product you are passionate about and expecting this passion and hard work to make it successful only works if the business idea is a good one”.

uncomfortable truth alert
Just because you love making pink sandals in 16 different styles and your passionate about it does mean you’ll be successful. A bad business idea stays bad, no matter how hard you work.

As we say in the country “ you can’t make a silk purse from a sows (pig) ear.

Additionally, another idea she discusses has to do with working versus investing for rate of return and to build wealth. I agree with what she says because I have had both good paying jobs and owned good paying businesses, but the pay and profits don’t keep up with inflation.

But in my personal experience my good investments usually make more money then either good jobs or good businesses. And the rate at which investment income grows is very satisfying.

The truth be told for both jobs and small businesses your trading time for money and you can only increase your time so much and this limits your income for jobs or businesses.

But investments allow you to create income producing vehicles which make money, while you sleep or while your working at your job or your business. One good investment doubles you, a second triples you and so on as you add investments. They truly allow you to replicate yourself in a manner of speaking, so you can make more income. If your creative you create a business which acts like an investment and makes money even when your not working at it. But then it becomes more of an investment then a business.

I think this is called “scaling”.

I am not real old, nor real wise, but I keep track of what works and what doesn’t in my life and I pay close attention when people tell me about their successes and failures, because we can learn from both.

It’s hard to face the truth sometimes, but we must sometimes decide between familiar comfortable lies or uncomfortable, unfamiliar truths.

It’s rare to get a glimpse into the mind of someone who has achieved financial freedom at a young age, for free, so take advantage of this opportunity and read her article here: https://steemit.com/life/@indigoocean/a-better-version-of-follow-your-bliss

@shortsegments