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Solutions...with Courtney Anderson! What is Holding You Back from Surpassing Your Goals? Business. Legal. Life.


Informed…Not Simply Outraged. 

Attorney. Author. Humorist. Professor. Award-winning International Strategic Leadership Innovator, Courtney Elizabeth Anderson, J.D., M.B.A., M.S. (CourtneyAnderson.com), is "The Workplace Relationship Expert" ™ , executive director of the International Workplace Relationship Council, and practices the "Joyful Art of Business!"™ around the world. 

Leading workplace relationship policy expert who has advised various domestic and international entities including Boeing, Cirque du Soleil, The United States House of Representatives and Wal-Mart. Media appearances include: BusinessWeek, MSNBC, The Wall Street Journal, FOX News, Cosmopolitan, CNN International, USA Today, CNN - HLN, The Christian Science Monitor, HuffingtonPost, Sorbet magazine (Dubai) and many more. She has worked for global clients in North America (USA, Canada, Mexico), Africa (South Africa), Asia (Japan, Hong Kong, Indonesia, India), Australia and Europe (Italy, The Netherlands, Spain).

"Solutions…with Courtney Anderson!" is a weekly show that delivers pragmatic concepts and tools that will permit you to surpass your goals!

 

Copyright © 1999 - 2011 Courtney Anderson & Associates, LLC; © 2012-2017 Courtney Anderson Enterprises LLC; © 2018 AndBro Enterprises LLC dba International Workplace Relationship Council. All rights reserved.

May 26, 2014

SITE: http://www.courtneyanderson.com/swca-episode-110-financial-fierceness-series-why-a-good-job-making-good-money-will-leave-you-poor.html

SHOW NOTES: This episode is part of our FINANCIAL FIERCENESS!™ series! This episode is, “Why a “good job” making “good money” will leave you poor.”

A “good job.” Is it the solution to financial insecurity? No. Financial independence is the goal. This is when you have no debt and income from what you own (rental properties, interest, etc.) pays your bills on your necessities (property taxes, utilities, etc.) and provides you with “extra money” for you to use at your discretion (going out to eat, entertainment, etc.). 
Financial dependance (i.e., being “poor”) is when you do not have enough income to pay your necessary bills and provide you with “extra money” to use for fun (discretionary income). There is a limit to how much income you are able to earn from your labor. You are able to increase the variable of how much you earn per hour (based on wages and increased efficiencies), yet you are always limited to how many hours you are able to utilize for labor due to the fact that you are one person. What happens if you “lose” your job? If you don’t have the income (from what you own) to pay your bills, you are financially dependent (or “poor”).

Earning more income at a “good job” is a way to take those wages and buy things (securities, real estate, etc.) that you will own that will generate income for you around the clock. Owning income producing assets is the key to financial independence. So, a “good job” making “good money” is a way to obtain the resources to purchase investment generating assets, but that is all. It is “a means to an end” and not “the end”(the financial goal of independence). 

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