Engineering Your Own Future

By: Dr. Patricia Neff 3 years ago

It is time to get your SHIFT together and stop thinking that being or getting to middle class will ensure your future. I have news for you, “The American Middle Class is in crisis.” There’s a strong belief that the middle class in the United States is being systematically wiped out and nothing is being done to save it. (Jan, 2013) presented 60 facts that proved the American middle class is being wiped-out. According to family debt is increasing while their net-worth is decreasing. USA Today (Oct, 2014) presented 7 things the middle class can’t afford anymore: vacations, new vehicles, paying off debt, emergency savings, retirement savings, medical care and dental work. It is clear, the middle class is in jeopardy.

According to Amy Cosper, Editor in Chief of Entrepreneur (Jan, 2015), “What happens in the future is a large part of what you are creating right now”. This is one of the most powerful statements I have ever heard. What this says to me is that we are the engineers of our future, and as such, we need to make SMART decisions, and set the SMART goals that will yield us the successful future we desire. Entrepreneurship is the vehicle through which this engineering will take place. Successful You (2014) suggests that to take your future into your own hands you must start your own business now. This is indeed not a novel idea. What if Steve Jobs didn’t initiate Apple, or Mark Zuckerberg, Facebook. Let’s not forget Larry Page and Sergey Brin – Google, or Bill Gates and Paul Allen – Microsoft. Amazon would be no where without Jeff Bezos’ entrepreneurial spirit.

So what do you want your future to look like? You don’t necessarily have to birth the idea; you could embrace an existing home-based business that has the right compensation plan to fulfill your financial goals. As you consider your options think about an industry that you know is “Built to Last’. One that is used by everyone and does not have a shelf life.

For example, travel. Travel is an 8.1 Trillion dollar industry that dwarfs every other industry combined. Everyone travels for various reasons. While brick and mortar travel agencies are a thing of the past, online travel agencies are booming home-based business. So what’s holding you back? Think about the benefits of a home-based business. They are low risk, have low start-up costs, they create residual income, and offer serious tax benefits. Not to mention that you are your own boss, can make your own hours, and can vacation when you want. The Tax times (2014) states that owning a home-based business is the best tax strategy ever.

So what are you waiting for? Start engineering your journey to financial freedom.

Dr. Patricia Neff, Ph.D.

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