Freedomway.ca - Stefan Aarnio's Blog
  • Who We Are
  • Blog
  • Book
    • Money People Deal: The Fastest Way To Real Estate Wealth
  • Resources
    • Recommended Books
  • Bring Us Deals
  • Awards
  • Completed Projects
    • Completed Projects
    • The Benefits Of Hands Off Investing
  • Press
    • Winnipeg Free Press
    • Canadian Real Estate Wealth February 2013
  • YouTube Channel
  • Interviews
  • Art & Philanthropy
  • Strategic Partners
  • Contact
  • Exclusive Investor Club
  • New Page

Are you living off of Acumen or Labor?

4/5/2013

2 Comments

 
Picture
By: Stefan Aarnio
Freedomway.ca
facebook.com/stefanaarnio
https://twitter.com/stefanaarnio
http://ca.linkedin.com/in/stefanaarnio

Get Stefan Aarnio's book "Money People Deal: The Fastest Way to Real Estate Wealth" at MoneyPeopleDeal.com!

Remember: Please share this article if you found it enjoyable!

I was having a conversation with a friend of mine and I asked her for her opinion on the local Asper school of business.

Her answer surprised me "needed for some, not for others."

Formal education usually has mixed reviews in the business world. Some people love it and swear by it, others think that it is an outdated dinosaur of the industrial age.

Although I did attend the University of Manitoba, and did take classes at the Asper school of business, I am a business school drop-out. My ambitions for taking classes at the school were quickly quenched when I learned that they were grooming me to become an employee and not an entrepreneur. No matter how much education is received from an institution like Asper, the teachers are employees and they train people to think like employees.

Many of the world's greatest entrepreneurs were drop outs: Steve Jobs of Apple, Bill Gates of Microsoft, Mark Zuckerburg of Facebook, Henry Ford and others. These men build their businesses on passion, experience, and practical hands-on-study in their fields. 

"Formal education will make you a living, Self education will make you a fortune." - Jim Rohn

With enough hands on study and experience, these great entrepreneurs build the most valuable asset of all - sound business acumen. The greatest difference between most WANTrepreneurs who have day jobs and real entrepreneurs who derive their livelihood directly from their businesses is:

1) Entrepreneurs live off of their business acumen
2) WANTreprenerus trade time for money

Where entrepreneurs can turn their ideas and passions into assets that create strong enough income to reach their dreams, many WANTrepreneurs are stuck trading time for money building someone else's dream.

In Robert Kiyosaki's game CashFlow, there are two circuits:

1) The Rat Race, a wheel that the players circulate around in collecting pay checks. In the Rat Race, these players have jobs and trade time for money. It doesn't matter if the player has a low paying job like a Janitor or a high paying job like a Doctor. All of the players in the Rat Race trade time for money, have a limited earning potential, are susceptible to the pitfalls of relying on a fixed income i.e.: players may become downsized and lose 100% of their income for a short period.

2) The second circuit in Cash Flow is called the Fast Track and on the Fast Track players move much faster. The Fast Track is reserved for players who have strong enough business acumen to create enough passive income to exceed his expenses. In other words, these players have become smart enough to not need their jobs  and live off of their ability to invest and create income. Players on the fast track make disproportionately more money, have larger deals, cannot be downsized, and are unaffected by many other disadvantages of the rat race.

One circuit relies on trading time for money, the other relies on business acumen.

Many new investors and WANTrepreneurs want to make the transition from the Rat Race onto the Fast Track, but the sad thing is, many of these WANTrepreneurs refuse to invest in their financial education - the most important asset of all.

Your education and business acumen is the greatest asset, far more valuable than Gold, silver, cash, stocks, real estate, companies. All of these "real" assets mean nothing if there is not a strong base of skill and education backing these symbols of wealth.

But if formal business school teaches most people to be employees, then where can one get an entrepreneur's education.

There are many places to get an entrepreneur's education:

1) Books written by real entrepreneurs
2) Seminars for teaching business put on by real entrepreneurs
3) One on one coaching from real entrepreneurs
4) Mentorship or apprenticing under a real entrepreneur

The key word with all of the above is REAL entrepreneurs. When choosing to learn about entrepreneurship or business from someone, it is counterproductive to learn from a good employee. Employees are trained to think differently from entrepreneurs and they collect pay checks instead of build companies.

ACTION STEP:

In your life, ask yourself; "are you living off of your business acumen?" Or are you trading time for money?

What do you need to get to where you want to go?

Who do you need to help you get there?

Thanks for reading,
By: Stefan Aarnio
Freedomway.ca
facebook.com/stefanaarnio
https://twitter.com/stefanaarnio
http://ca.linkedin.com/in/stefanaarnio

Get Stefan Aarnio's book "Money People Deal: The Fastest Way to Real Estate Wealth" at MoneyPeopleDeal.com!

Remember: Please share this article if you found it enjoyable!



2 Comments
Yehuda fulda link
9/16/2013 08:57:14 pm

Nice article as for me about Freedomway.ca - Stefan Aarnio's Blog . It would be great to read something more concerning this theme. The only thing it would also be great to see on this blog is some pics of some gadgets. keep on posting..

Reply
Aldrin Holmes link
2/5/2016 04:21:46 am

Very good and informative article

Reply



Leave a Reply.

    RSS Feed

    Stefan Aarnio

    Stefan Aarnio is a Real Estate Investor, entrepreneur and artist based out of Winnipeg, Manitoba.His real estate website is Freedom Way Joint Ventures  His art can be seen at http://stefanaarnioart.com

    View my profile on LinkedIn

    Archives

    October 2013
    September 2013
    July 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012

    Categories

    All
    Amateurs
    Art
    Authors
    Billion Dollar Business
    Branding
    Business
    Business Building
    Buyers
    Cash Flow
    Change
    Charity
    Coaching
    Connection
    Contractors
    Deal Partners
    Deals
    Decision Making
    Distributors
    Dragon's Den
    Dreams
    Economy
    Education
    Email
    Emotional Value
    Emotions
    Enthusiasm
    Entrepreneurship
    Evolution
    Fashion
    Fears
    Franchise
    Fundamentals
    Grit
    History
    Identity
    Industry
    Instant Equity
    Instant Profits
    International
    Intrinsic Value
    Investing
    Jobs
    Joint Ventures
    Leadership
    Marketing
    Missed Opportunity
    Money
    Mould
    Needs
    Negotiation
    Net Migration
    Networking
    Outsourcing
    Passion
    Passive Income
    People
    Persistance
    Philanthropy
    Power Team
    Producers
    Professional
    Professionalism
    Profits
    Raising Capital
    Real Estate
    Recession
    Return On Effort
    Return On Learning
    Return On Relationships
    Return On Time
    Risk Mitigation
    Self Employed
    Selling
    Shark Tank
    Social Status
    Speed
    Strategy
    Success
    Tactics
    Team
    Time Managment
    Traitors
    Unlimited Cash
    Value
    Venture Capital
    Vision
    Wages
    War
    Weakness

    RSS Feed

Powered by Create your own unique website with customizable templates.