Saturday, May 20, 2006

Servitude

Is worry about the future holding you back? I look upon my entering the business world as a necessary challenge and schooling. 18 years in business I can’t imagine placing my future in the hands of others. They just don’t have a bested interest in my well being.

Look at what you earn now. A salary of 720 per week, That’s $18 per hour right? Good money right? But then it takes you an hour a day to get to work and you are actually working 70 hours on average a week for $720. Oops, you inadvertently took a pay cut back to $10.28/hour. If you include your traveling time… $9.35/hour.

Ouch. I’d have a tough time getting out of bed for that, in fact I was making more than that in high school working part time in a muffler shop—but we’re not talking about me right now.

So… when you take deductions(252$ / wk if you are Canadian) off your $9.35/hour you see about $468/wk. If you are average you will be sliding into debt and living on consolidations at present rate. Forget retirement… unless you are counting on a lottery win, who knows, it could happen.

The average Joe has a mortgage of $1000/month, car payment, insurance and repairs, lets not forget about what the kids have, hydro, heat, phone… how do you do that on $1800/month, ($21,600/year take home pay).

I don’t normally advise someone without assets or a credit rating behind them to go into business… but someone in this situation requires drastic action to get out of debt and really has nothing to lose.

There’s a million jobs out there right now for the same money… they can always go back. At minimum they must limit the time they work at this salaried position and start making positive steps by doing freelance work on the side.

In this modern time in history—Slaves must be Fed, Clothed and Housed. This guy’s Master is shirking responsibility to his Servent.

What does Servitude feel like? It’s that sinking feeling you get when you work 70 hours a week and still can’t pay the bills.

L
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