T. Harv Eker argues that owning your own business is the best position for creating wealth because it removes income limits inherent in salaried or hourly jobs. He uses a tennis analogy to explain positioning for opportunity, cites research (90% of self-made millionaires did it via business), and contrasts those who prefer job security with entrepreneurs; he closes with a personal anecdote about moving from jobs to businesses and now being semi-retired.
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What I especially like about owning your own business is that you have put yourself in a position where creating wealth is at least possible. I want you to think of it this way. Let's say you're playing tennis, okay? And the ball is, the ball comes, it comes way over here, okay? It's over here. Now the first thing you have to do is you've got to get yourself into what? You got to get yourself into position to be able to hit the ball. You can't hit a good shot from back over here, right? You can't do that. Same with wealth. With wealth you have to give yourself a chance. And your best chance comes with your own business. The research shows that 90% of all self made millionaires did it in their own business. Why? Because. Listen closely now. Because of what I call wealth. Rule number one, no limits on your income. If you are in a job or you get paid a set salary or even any situation where you get paid by the hour, that means you are being paid for your what, your time. And here's the issue. There's only 24 hours in a day for everybody. And since your time is therefore limited, your income is limited. And, and you've broken, you've broken the most important rule of wealth. Again, no limits on your income. Now I'm not saying you can't get rich with a job if you happen to be, you know, the CEO of one of the largest companies in the country. You know, you can get rich for sure. You know, and it's also possible to become financially free with a job as long as you are a great money manager and a great investor, which of course most people aren't. But again, you could get free. But I wouldn't count on getting rich that way. Now listen closely. None of this is to say that every single person is cut out to own their own business. You know, some people, well, you know what, they're just not built for it. I totally understand that. And not that you can't learn, but if somebody really needs a structure that's already there and in place and they really need constant direction from someone else and they definitely need security, they prefer security over wealth, then they might truly be better off with a job. And you know what, good on them. Absolutely no problem. And I wish them all the best. It's just not for me or anyone else who wants to get rich. So bottom line, when I was broke, I was going back and forth, back and forth between job and business and business and job and job and business and business and job. Now that I'm rich. I would never even consider a job. In fact, I'm already semi retired and I only work once in a while because all my businesses run without me. But I get offered jobs all the time and you can imagine it's for, it's for big, big, big money. And I always say the same thing. No, thank you. I have a job allergy. You know, I start out, I start sneezing, I break out in highs, I become depressed, Right? So thanks for your offer, but I'll tell you what, your business sounds great and if you're looking to sell it, let's talk now. I actually don't say I have a job allergy out loud, but it's true. It's true because a job and rich, well, they don't go well together. Let me repeat that. Job and rich do not go well together. Broke Harve had jobs. Rich Harv owns businesses. Sam.
