In the world of work, there are three types of people. There are those that love their job, those who hate their job and those who merely see their job as a means to an end. Regardless which of the three you are, chances are you’ve already come to accept that you’ll be working for the majority of your life in order to pay your bills and put food on the table. However, while you may presently see working as a means of keeping yourself financially afloat, it may not be one forever which is an assumption most people mistakenly make. As such, let’s dive into the critical money mistake 99% of people make and how you can be part of the 1% that avoid it!
What’s funny about the world of work is how differently it is experienced by those who operate within it. For instance, there are those who constantly complain about the abysmal minimum wage while there are those whose bonus checks could buy a small private island. Moreover, there are some people who can’t sleep at night because of how excited they are to start work the next day while others can’t sleep as they dread the thought of enduring another day of work. I think we can all agree that work experiences vary person by person, there is one commonality that rings true amongst us all and that is our assumption that we will have access to monetizable work in perpetuity. However, will this be the case? I’m not so sure.
What People Get Wrong
One of the common misconceptions that most humans possess is that current conditions will remain true in the future. Unfortunately, this is rarely the case.
For example, think back to when you were young. Chances are the thought of growing old never crossed your mind. You were too busy enjoying your youth and the joy of your blissful ignorance to worry about bills, sagging skin and graying hair. However, low and behold, over time, you started to see your body change and the process of aging became much more of a reality than you ever imagined it would.
Moreover, think about this in the context of investing. How many times have you found yourself holding a stock you thought would never stop climbing only to have it plummet in price due to an unforeseen event.