Your Vehicle Dictates Your Destination
Updated: Mar 25, 2020
A car can get you across land, an ocean liner can carry you across the ocean, and a plane will take you airport to airport. The vehicle you choose determines your destination. You can't drive a car to Hawaii and you aren't going to take a cruise ship to Kansas. When you plan a vacation, you first determine the destination, then you pick the vehicle or vehicles that will get you to that destination, but in life, we pick the vehicle then we settle on a destination. Problem with that plan is your destination is now dictated by the capabilities of your vehicle. Before you know it you are trying to cruise the Mediterranean in a rowboat and stressed out because you aren't getting where you want to go.
What vehicle are you in? If you see your career through to its best possible outcome, where will you end up? Put yourself in that position and imagine what your life will be like. If it doesn't match your life vision, then you are in the wrong vehicle. I talked about hiding behind WHAT you do in a previous blog post, but most peoples destination becomes their WHAT. You chase a job title or a company and leave your destination to pure chance. That is like being in a life raft in the middle of the ocean and being a slave to the currents of life. Even a dead fish can float downstream. I hope for you that's not your path through the one life you get. There are seeds of greatness in every one of us. Doesn't matter your circumstances if you understand that it's the vehicle that will determine the destination.
Some of you may have read the book Rich Dad Poor Dad by Robert Kiyosaki. He has another book called Rich Dad's Cash Flow Quadrant. I would encourage you to read it so you understand the 4 different ways income is generated, Employee, Self-Employed, Investor, and Business Owner. Whatever you do to create income can be placed into one of these 4 quadrants. Until you understand the fundamentals of how income is created, you will never be able to effectively evaluate the vehicle you are in.
At a fundamental level, think about what you do to create income. When you boil it down you trade your time for money if you are an employee. If you are self-employed then you do the same thing, but you just own your job and most likely trade a lot more time than an employee. If that is your vehicle, when you stop working and putting in that time, you stop generating income. When you compare yourself to a business owner (not self-employed small business) such as Sam Walton, Ray Kroc, or a Warren Buffett, you get discouraged and wonder why you are working your guts out and getting nowhere near the level of financial success that these business owners have. That is because they are in a different vehicle than you. They are playing a different game than you so you can't compare the results.
A business owner, much like an investor, has created an asset that produces ongoing income. There are approximately 37,000 McDonalds in the U.S. and if they are open for an average of 10 hours per day then Ray Kroc got paid for 370,000 hours of work today and he has been dead since 1984. Sam Walton and Walmart similar deal. Warren Buffett owns tons of companies within Berkshire Hathaway, but yet he doesn't have to go work as the CEO of each of them. These guys can take a 6-month vacation and McDonalds, WalMart and Bershire Hathaway will continue to operate and they will continue to get paid. That is because of the vehicle they are in.
You can't compare the opportunity these guys are in with the job you have. They are not the same. At your job or being self-employed, you are trying to maximize the amount of money you get for the time you work, while these business owners are maximizing the amount of time they are getting paid for in a day by duplicating their efforts. You are playing with a max of 24 hours in a day and these guys are playing with thousands of hours in a day. This doesn't mean one is better than the other, but you have to ask yourself what you want your destination to be and choose the right vehicle for you and your family.
Employee: Maximize $$$/hour VS. Business Owner: Maximize hours/$$
There are a lot of directions to go from here. I would love to get your comments and feedback so I can help expand on this in a direction that would be helpful to most of you out there looking to change your outcome and destination. Please share your comments, questions, and feedback.