In the world today, one works as either an employee or an entrepreneur to earn a living. Financial Literacy touches so lovely, attractively and delightfully on the contributions of the entrepreneur and the great contributions of the employee. The two are not the same, so as their rewards.
As has been discussed before, financial literacy affords people the opportunity to learn to be creative, financial literacy greatly promotes entrepreneurship and entrepreneurship is the brainchild of financial literacy.
Financial literacy takes a critical look at the differences between entrepreneurs, who create jobs for themselves, and employees, who work for others and always seek for job security all the time.
Entrepreneurs create a job, whilst employees seek for a job. Entrepreneur takes risks but the employee doesn’t take risks. The entrepreneur’s income could be in the form of portfolio income or passive income but the employee’s income is earned or active income.
The entrepreneur owns the job, but the employee is hired to work, the entrepreneur is the inside investor or shareholder but the employee is mostly not a shareholder, in cases, they are involved they are outsiders investors.
The entrepreneur builds his own assets and has the chance of getting very rich once he/ her succeeds but the employee build assets for somebody else and has little chance of getting richer.
The entrepreneur is greatly a knowledge worker as well a data worker but the employee is mostly a data worker.
The entrepreneur doesn’t seek for job security; they keep on investing in other areas and managing risks, but the employee greatly seeks for job security and doesn’t compromise on it.
That is why some employees would even kill and maim their colleague co-workers to secure their jobs. They don’t take risks, no way. They play politics, they gossip, they pull him/her down ( PHD holders) to occupy certain positions at their work places maybe to get more pay, fame or power but they are answerable to the owner of the business. The entrepreneur owns the company and doesn’t fight with anybody to retain his title and position. He/she can hire and fire appropriately. He/she is not answerable to anybody in taking decisions affecting his/her organization.
The employee relies on a monthly pay cheque to survive life but the entrepreneur doesn’t need a monthly pay cheque at all to enjoy life. In fact, the entrepreneur could live for a long time without pay. The great and successful entrepreneur delays luxury for a later time in order to run his/her business.
The entrepreneur may not necessarily have personal expenses, their organizations could bear all their expenses for them but the employee always has personal expenses, he bears all his/her own expenses.
The entrepreneur has enough time to attend to family matters and other important issues at his/her own will but the employee has to seek for permission to be granted time to be able visit his sick wife/child or her sick husband/mother. In some instances, the employee is refused permission to attend to family matters, even in very urgent ones.
The entrepreneur takes decisions about the company but the employee has little say about the company.
The entrepreneur doesn’t do the same job every day but the employee does a monotonous job all the time, only reassigned once a while. The entrepreneur could sleep and still make some money but if the employee decides to sleep without permission, he/she gets fired to go home without pay, he therefore gets poorer. The employee can only make money when he is working.
The entrepreneur retires or dies and leaves a job for his/her children but the employee retires and goes home without his /her job.
The entrepreneur spends before paying tax, but the employee pays tax before spending.
The entrepreneur plays a leadership role in the organization but the employee plays a managerial role in the organization.
The entrepreneur is visionary and thinks about the long term success of the business but the employee is occupied with the short term well-being of the business.
Life is a choice, you decide what you want and nobody does that for you, not even your parents. You decide to be a follower for the rest of your life or you become a leader to take up great responsibilities with great risks and rewards.
“Leaders are visionaries with a poorly developed sense of fear and no concept of the odds against them” said Robert Jarvik
As has been discussed before, financial literacy affords people the opportunity to learn to be creative, financial literacy greatly promotes entrepreneurship and entrepreneurship is the brainchild of financial literacy.
Financial literacy takes a critical look at the differences between entrepreneurs, who create jobs for themselves, and employees, who work for others and always seek for job security all the time.
Entrepreneurs create a job, whilst employees seek for a job. Entrepreneur takes risks but the employee doesn’t take risks. The entrepreneur’s income could be in the form of portfolio income or passive income but the employee’s income is earned or active income.
The entrepreneur owns the job, but the employee is hired to work, the entrepreneur is the inside investor or shareholder but the employee is mostly not a shareholder, in cases, they are involved they are outsiders investors.
The entrepreneur builds his own assets and has the chance of getting very rich once he/ her succeeds but the employee build assets for somebody else and has little chance of getting richer.
The entrepreneur is greatly a knowledge worker as well a data worker but the employee is mostly a data worker.
The entrepreneur doesn’t seek for job security; they keep on investing in other areas and managing risks, but the employee greatly seeks for job security and doesn’t compromise on it.
That is why some employees would even kill and maim their colleague co-workers to secure their jobs. They don’t take risks, no way. They play politics, they gossip, they pull him/her down ( PHD holders) to occupy certain positions at their work places maybe to get more pay, fame or power but they are answerable to the owner of the business. The entrepreneur owns the company and doesn’t fight with anybody to retain his title and position. He/she can hire and fire appropriately. He/she is not answerable to anybody in taking decisions affecting his/her organization.
The employee relies on a monthly pay cheque to survive life but the entrepreneur doesn’t need a monthly pay cheque at all to enjoy life. In fact, the entrepreneur could live for a long time without pay. The great and successful entrepreneur delays luxury for a later time in order to run his/her business.
The entrepreneur may not necessarily have personal expenses, their organizations could bear all their expenses for them but the employee always has personal expenses, he bears all his/her own expenses.
The entrepreneur has enough time to attend to family matters and other important issues at his/her own will but the employee has to seek for permission to be granted time to be able visit his sick wife/child or her sick husband/mother. In some instances, the employee is refused permission to attend to family matters, even in very urgent ones.
The entrepreneur takes decisions about the company but the employee has little say about the company.
The entrepreneur doesn’t do the same job every day but the employee does a monotonous job all the time, only reassigned once a while. The entrepreneur could sleep and still make some money but if the employee decides to sleep without permission, he/she gets fired to go home without pay, he therefore gets poorer. The employee can only make money when he is working.
The entrepreneur retires or dies and leaves a job for his/her children but the employee retires and goes home without his /her job.
The entrepreneur spends before paying tax, but the employee pays tax before spending.
The entrepreneur plays a leadership role in the organization but the employee plays a managerial role in the organization.
The entrepreneur is visionary and thinks about the long term success of the business but the employee is occupied with the short term well-being of the business.
Life is a choice, you decide what you want and nobody does that for you, not even your parents. You decide to be a follower for the rest of your life or you become a leader to take up great responsibilities with great risks and rewards.
“Leaders are visionaries with a poorly developed sense of fear and no concept of the odds against them” said Robert Jarvik
Credit: Godwin-Xavier Ayeebo
Blog: www.g-xavierayeebo.blogspot.com
Email: gayeebo@gmail.com
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