A2. Can you earn Million by your dream JOB?

Can A Job or rather a GOOD JOB lead to get My 1st MILLION

            In most cases Certainly NO

            It is obvious those millionaires are many times more in business as compared to jobs.

Why

Lets is Study the growth pattern of salaries of last 10 years:

See appendix A published by Source ministry of manpower, Singapore

You can easily find out:

That there is hardly any industry offering 10% growth per year YOY;

So in 90 % of job cases, if you are growing at an average of 10% YOY, it will take about 10 years to double your salary.

Say if you start with $2000 it will reach about $5000 in about 10 years.

Other way to understand is that if you take flat 10 years to save a million you need to have a saving of $8,333 ($1000, 000/120 month) which means a beginning saving of $5,000 and growing to about $11,000 for an average.  Remember it is saving, so if you save even 50% of take home salary then either it may take about 20 years to save a million.

How many of us gets job to have such saving?

Fact is that Most of jobs start with below $3,000 after graduation and then grows.

This is why most of life gets over dreaming million.

How to get Million then?

Suppose you start job at 3,000 and goes YOY 10% increment then it may take  about 30 years to reach such levels which is almost whole life gone just dreaming about it.

For last 10% combines growth has been in range of 50-60% – averaging

Report B5

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Now think

Those who are studying

Do you know how much salary will you able to get?

Do you know=if yes, fine

If not then Study this report B3 to know average salaries

And now calculate yourself:

Starting salary             =________

Less expenses              = ________

Nett saving                  =________

Growth                        =­­_____%

10 year after:

20 year after:

30 year after:

RETIRE

It will take you ___ Years to save your million make it.

Now think how long you need to make your million from this growth ratio.

So Think again seriously - are you in right direction to reach your 1st Million?

While airport is in east direction but Looks you are traveling in west. Will you ever reach?

Answer for yourself

Now Study the growth pattern of SME business

How fast they grow?

Is there any limit to doubling your sales or profit every year? Many organizations do it very regular.

Think which is better way to your 1^st Million -job or business?

Decide yourself that which is east which is west.

And which direction is better?

Even if you are slow in right direction -you may reach your goal faster than most of Jobs.