Did you get the memo about the truth of the job world and building wealth?

Well, I didn’t. Not until it was almost too late. 

Here is the memo…

Your job is the work you do for someone else because you perform a service for them, it is your career, your expertease, what you are best at, and it is what pays the bills every month. 

Your job income is worthless if you …

• spend more than you earn.
• don’t save some of the money
• don’t invest some of the money
• don’t plan how to grow your money over the long term.

Your job is worthless if…

• causes too much stress
• takes up too much life time.
• you aren’t healthy

And most importantly…

Your job income is limited.

Being an opera singer is one of the most unstable careers you could ever think to have. I was fortunate to get full time work in Germany as a tenor soloist singing great music and doing great roles. But my full time income just paid the bills….

…not until I started working on my own career as a soloist did I make money that moved the needle for me in terms of personal income. 

Isn’t it true, people “moonlight” to make the money they need to do some extra things. 

I didn’t realize during the good years of my career that I had to work hard on the money part of my life just as hard as I worked on my professional career as a singer. I didn’t realize that it would also be wise to build an income stream outside of music that could create a fortune.

The memo totally went past me, and by the time I got it, it confused me and I made a lot of mistakes. But, I guess that is ok. 

Jim Rohn has a great saying

“Work full time on your living,

and part time on your fortune.”

That is the memo I didn’t get, nor did my father, nor has my brother or 99% of the people I know.  

The memo all comes down to this… your job is part one of your income portfolio…

Part two of the income portfolio is building a business which belongs to you and to build your name reputation, your “brand”. 

My father and brother both work(ed) as professors at a University. Now, yes it pays enough to have a life. But, what they also missed was that the position of “Professor” at a university gives you a title, a position of authority and credibility in the marketplace. Just like being the leading tenor in a well respected opera company gave me credibility in the wider world of opera did. It opens a lot of doors, something people take for granted. 

So, as a professor, the university wants you, just as my opera companies wanted me, to go out into the wider professional world to make a name for myself, so that my reputation would enhance the reputation of the company that employed me or the university that employs my brother and father. 

Believe me, when you go into the office and say you are being hired elsewhere to sing, it makes your value go up.  When professors publish articles, develop a guest speaking agenda at conventions and in public forums, it makes their value to the university go up. 

The mistake my brother and father made is thinking that doing research and publishing was an extra unpaid requirement of being a professor. It isn’t, it is meant to encourage professors to “moonlight” as experts in their field. 

Now, a large part of the problem is that you don’t have a lot of time to do this, plus you are working alone and thus making the income that you can make alone. That is hard stuff when you are already working full time in such a highly sophisticated field.

There are many ways today to automate and duplicate yourself and make this moonlighting more lucrative because of the internet and systems available today. But that also requires extra expertease. 

What Jim Rohn talks about is an income stream that is based on a business that is already up and running, one that you can buy into at a low cost and can build over time with other people to leverage your income. 

The Affiliate/Network marketing business makes it possible to do this. Working part time, you can build a substantial second income by selling products, getting a commission and garnishing commissions from the work of others. 

That is leveraged income.

So, while you may be in a job you love, or a job you hate, it doesn’t really matter. What matters is that you are building a business that belongs to you outside of that job, and that doesn’t interfere with it either. 

That is the memo you need to understand…your job is only half of your income equation. The other half is what can make you a fortune. 

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