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Updated over 3 years ago, 03/17/2021

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Jim K.#3 Investor Mindset Contributor
  • Handyman
  • Pittsburgh, PA
13,733
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5,439
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Paychecks warp your mind

Jim K.#3 Investor Mindset Contributor
  • Handyman
  • Pittsburgh, PA
Posted

Possibly the only thing that I have ever heard Grant Cardone say that I fully agree with is that when you start a business, you had better forget about working 9 to 5 and commit to working 95 hours a week.

Those 95 hours are going to be spent doing a lot of stuff other people simply don't want to do. Moreover, there will be no certain payoff for those hours, there will be no guaranteed check at the end of the week, there is no pay schedule. There will be many, many times while doing this stuff that the chances of any sort of payout will seem minimal at best, and times when, yes, an enormous amount of work will go into something and there will be NO payout.

What makes this even more difficult to wrap your mind around is that the American middle class basically trains their children into a wage-slave mindset from the age of five or six, when parents start to give a child an allowance. Almost invariably, that allowance is tied to fulfilling certain tasks. You mow the lawn, you get paid. You take out the trash, you get paid. You don't do X,Y,Z, you get paid. From there it's a seamless transition to their first paycheck from their first job. Show up, wear the uniform, do what you're told, follow the code of conduct, get paid.

To go from that relentless structuring of payoffs-for-work and payoffs-for-correct-behavior to working for yourself...I think it's becoming more and more difficult in every generation.

Do you agree with this?

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