And it is safe to say that many Americans today have no idea how to survive without a job. (Even fewer young people know how businesses work. 83% of teenagers don’t know how to manage money today!)
Can You Survive Without A Job?
A job and a business do have something in common, you can’t eat them. But they do have major differences. One keeps you working 9-5 for a set wage, the other offers unlimited earning potential and more free time. (A business also allows you to prepare for economic problems too. It’s hard to prepare when you are making minimum wage!)
Of course, not all businesses provide a substantial amount of income or free up your schedule. Startups are way harder than most claim them to Recommended Reading be. Besides acquiring the startup capital they need, entrepreneurs regularly fail in business just because no one wants what they are selling!
What a bummer! So many responsible Americans want to build businesses to put away savings and preparations for a rainy day. But they find neither safety nor a sense of preparedness when building businesses in most cases. Long hours, large startup costs, a lack of market demand, and a lack of guidance are synonymous with most startups today.
Research shows that only 30% of small businesses survive 10 years and beyond. That means 70% of startup businesses won’t even last a decade! (And 79% of small businesses have outstanding debt!)
Can you imagine if someone told you that your career would crumble to the ground in less than a decade? You would be appalled! If you went to College, you would probably have a serious conversation with yourself after that. “Why even bother if it’s just going to fail in such a short time?”
Academia has sold lies to millions of people. The truth is that jobs are not reliable, and only PROVEN business models are worth buying. You need a “recession-proof” business.
For something to be “recession-proof”, it must function regardless of whether the economy is good or bad. It must thrive and excel where other businesses are catastrophically failing. (A perfect example is how loan brokers were highly successful in 2020 when so many retail businesses were closing. They made money on money!
Many of our students joined after they realized how fragile their career ambitions were. Suddenly, a degree in college meant less, and money meant more! Not trying to bash college, but they aren’t exactly equipping people to get a job or make a living. (Some professions specifically require an advanced academic diploma, but most people aren’t becoming doctors. So what’s even the point of taking tens of thousand of dollars in college debt?)
Anyone over the age of 40!
This is exactly why today’s youth are so confused by how useless a college degree can be! Studies show that over 40% of college graduates aren’t actively making money in their field of study! What’s worse, those that believe their degree is valuable are making a lot of money! So in other words, if you are successful, you are going to think that degree was worth it!
That’s called “subjective reasoning.” It means when circumstances change, your perceptions and beliefs change. It’s also a bad mindset because this often means a person’s self-worth is derived directly from their social status. (Imagine how many people in 2020 felt like the world was ending after losing their hard-earned jobs? Ya know, the jobs they spent the better portions of their 20’s working towards?)
Oh wait, you don’t have to wonder. The LA Times reported that the number of people who became depressed in 2020 doubled or tripled in one year! Who was the demographic? (The people often with established careers!)