“Financial struggle is often the result of people working all their lives for someone else.”
– Robert Kiyosaki
Kiyosaki’s best-selling book, “Rich Dad, Poor Dad”, struck a chord with me the first time I read it. He argued that staying in a job is riskier than running your own business.
What? My eyes squinted at his words as if I just swallowed a spoonful of vinegar.
I can’t believe what I was reading. Here’s a guy actually saying that running a business will turn out to be a safer option in the long run. As your typical average student back then with zero business-inclination, I shook my head in disagreement. Irked, even.
The nerve on this guy, I thought.
I have to admit though, I was intrigued. I wanted to know how this chubby-looking business man will prove his point. I devoured the book in 3 days. And you know what I realized? The man was actually right. Well, to a point at least.
He said that most people cling to their jobs for the financial security it brings. All is well for years, decades even, until that day when your boss pulls you to the side and says, “The company is downsizing, we have to let you go”.
And just like that, you don’t have a job anymore.
Toys “R” Us is a household name when it comes to toys. For decades, it was the place to go if you want to buy toys. It’s a huge, global company with stores all around the world.
Just this year, however, they were forced to close ALL their stores in US and the UK. Yup, you heard that right. The once mighty company can no longer keep up with online retail giants like Amazon and Ebay and announced bankruptcy.
And just like that, everyone’s beloved toy store went from winning to barely breathing. Thousands of employees who worked there for years had to be let go.
This is what Kiyosaki was talking about. That “playing it safe” and “clinging to job security” was ultimately risky because you’re always at the mercy of someone else’s business. If they fail, you fail.
“So, are you saying that I should quit my job and start a business?”
You can always start with something small on the side and learn as you go. If it fails, well, at least you learned something without losing much. Develop your business skills and apply it to something you’re passionate about. With the right mindset and tools, you can succeed.
As Kiyosaki said,
“Your choices decide your fate. Take the time to make the right ones. If you make a mistake, that’s fine; learn from it and don’t make it again.”
Here’s to making choices. Check out our big list of small business ideas and opportunities that you can start right now:
1. Wi-Fi Hotspot Services
2. Vending Machines
3. Street Foods
4. Freelance Business
5. Smart Home Automation and Home Security Systems Installation
6. 3D Printing Services
7. Photography and Videography Business
8. Junk Shop
10. Entertainment Booths
Amiel Pineda is a business and finance columnist at Grit PH – where he also authored this research-driven list of the high-paying home-based online jobs in the Philippines.
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