Wage vs Profit
I have had a long and productive day.
And tomorrow is looking to be the same.
People have asked me often, Nate what’s different about YOUR day of hard work and MY day of hard work. If we’re both working hard, then you are no better than me.”
My response: Yes. You are right. This scenario makes me absolutely no better than you. How hard we each are working could very possibly equal out in terms of the definition of labor.
Here’s where they may differ: most of you are earning wages, and not profits. Wages and profits are not the same.
Wage: a regular payment, usually on an hourly, daily or weekly basis, made by an employer to an employee, especially for manual or unskilled work.
Profits: 1) a valuable return. 2) the excess of returns over expenditure n a transaction or series of transactions 3) net income for a given period of time 4) the ratio of profit for a give year to the amount of capital invested or to the value of sales 5) the compensation accruing to entrepreneurs for the assumption of risk in business enterprise as distinguished from wages
My case is not one for superiority of one hard worker over the other. Perhaps we stand as equals in our work ethic.
My case is, however, for superiority of one method of earning income over the other.
An invitation: I invite you to add “profits” to your portfolio of earnings. For a season of time in addition to your wages; and with time, perhaps you will earn the privilege to forsake wages and live entirely off of profits.
If you are curious, or think that this would be a noble goal for you….please inquire within.
Freedom is yours for the taking if you desire it.
Will you take it?