“Guaranteed Poverty Is Not Security”

Are you choosing security or prosperity?

Disclaimer: I love watching classic movies, and the title of this piece comes from a quote in a movie called “Peyton Place.”

The Anti-Entrepreneurial Dilemma

Most people are not entrepreneurs. Why? Mostly because it’s hard, and people have a gigantic and unreasonable fear of failure.

In the movie “Peyton Place,” there was a quick dialogue between two people, and I had to pause the movie and write this article immediately.

The Dialogue

Person 1: But this (job) offers you security, a long-term contract.
Person 2: Guaranteed poverty is not security.

Guaranteed security is an illusion and a trap that keeps you at a capped income.

How many of us happened to come across an idea that could bring in an enormous amount of income, but for whatever reasons, decided to go with the traditional route — getting a job?

Getting a job is safe, steady, there for you when you need a paycheck, offers benefits, and keeps you in our favorite position: comfortable.

The funny about getting a job is that it often drains your energy; hence, it becomes more challenging to find the energy to work on your entrepreneurial dreams. Only a select few people muster the gumption and perseverance to work on their dreams while maintaining a full-time job; I’m 100% for this route, but not everyone is built for it. It takes enormous energy to juggle multiple jobs on top of all of your responsibilities outside of work.

The “Saver” Dilemma

You’re more likely to come across someone who saves over someone who invests. Or someone who invests, but only very little. Why? Because investing requires a certain level of risk. Investing requires you to be okay with losing money at times. But guess what? If you’re not investing, you’re most definitely losing.

It’s interesting how people, who fear investing, think they’re beating the odds, but they’re losing big time. You can never escape the benefits of investing; investors will always outperform every saver and cash hoarder because they choose to embrace opportunity.

Remember, guaranteed poverty is not security.

Not every person with a traditional job experiences poverty, but in comparison to what they could be making if they didn’t choose a traditional job is immeasurable; the sky is the limit for their incomes.

The best way you can ensure you always remain at a capped income and never shatter new income thresholds is to not invest your money and to only work for someone else.

The long-term contract, the cushy corporate gig, the high yields savings accounts are all for people who want to play it safe and live below the bar.

Which person are you?

Type 1: Willing to take risks; doesn’t fear failure, but embraces it; resilient; high-income earner; savvy investor; constantly increasing one’s income; holds a position in the top 10% incomes in the world; creates multiple passive income streams.

Type 2: Saver; avoids investing; dependent upon someone else (job or government) for income; fears failure; fears risk; cares too much about what people think.

Synopsis

Guaranteed poverty is not security. Will you choose “security” or prosperity?

Think twice before you delay investing, brush to the side that ingenious entrepreneurial idea, and stay in a job that offers security but not the opportunity to build wealth.

Don’t allow fear, procrastination, nor stagnation to impede your net worth.

Guarantees and security don’t exist, but you can create a unique set of circumstances that conjure financial freedom. Remember, “guaranteed security” is an illusion and a trap that keeps you at a capped income.

Avoid financial dependence on employers, the government, and people. Be self-sufficient. Be able to buy and own your sh*t, and never cease increasing your income.


Top Finance Reads

Destiny S. Harris is a writer, poet, entrepreneur, teacher, and techie who offers free books daily on amazon. Destiny obtained three degrees in political science, psychology, and women’s studies. Follow her on Instagram, Facebook, or @ destinyh.com

This article is for informational and entertainment purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.