Do people in your office shy away from taking more hours than they have to? Do they shrink back from volunteering for additional projects?
If so, you might be able to separate yourself by working overtime. I don’t feel that this is a good long-term strategy for earning your wealth (and I will talk more about that in a minute), but if you need to make a little bit of extra money to pay down debt or cover unexpected expenses, this can be a good way to accomplish those ends.
In essence, you should only consider overtime hours as an option if you can’t think of any other ways to make money. Why?
The reality of the matter is that no matter how much time you put into someone else’s business, you are investing into their dreams and their future; not your own.
But isn’t employment the only way to make money?
Absolutely not. I would urge you to go back and read about the cashflow quadrant if you’re confused about this issue. With four different ways to make money, employment may be the quickest way to a paycheck, but it is also the most limiting way to make money over the long haul.
Climbing the corporate ladder was once thought to be a viable path, but the reality is that it has its limits. The chances of you becoming the owner of someone else’s company is pretty slim, right? You’re probably not going to be asked to replace the president one day.
Moreover, even in performance based work (like sales), if you begin to earn as much as the people at the top, you will likely be laid off, fired, or down-scaled. If you threaten some else’s position, you’ll be the first on the chopping block. That’s how employment works.
This isn’t to say that employment is bad. It can help you to cover your basic life expenses, and we all need to pay our bills. However, if you were building a business on the side, for example, you could create enough income with your business over time to gradually phase out of your job (gradually being the keyword here).
If you want to build your own dream, you need a vehicle to make it a reality. Unfortunately, most people find a way to spend every last cent they earn in a job, and this leaves them with very few or no options by the time they reach retirement age.
It’s okay to count on your job for the basics, but you’ll have to do something extra if you want the kind of results no one else is getting.