People underestimate how much money they are leaving on the table in their career. They accept what their employer offers them and never ask for a higher salary or bigger bonus. If your ultimate goal is building real wealth and achieving financial freedom you will need to maximize your career earnings.
Even if you prefer to start an online business it is better to have a career at the same time and use your salary to grow and scale your online business. With the right process this can be an enjoyable experience as you watch yourself become more productive and make more profit than you have ever made in your life.
Negotiating a higher salary is also the easiest way for most people to $5,000 to $20,000 on their annual incomes in a few months. A lot of people are complacent and simply accept whatever their employer offers them for salary. If you have been working like this you need to negotiate your salary and collect the income you have been missing out on. For people that are stuck in a career they don’t like, or students that are coming out of school and aren’t sure how to find a job a great place to look is the networking guide.
I recommend everyone that does not have a six figure business to balance a career and online business at the same time. Why not go all in on the online business if the goal is to get rich?
Having a career provides a more consistent income stream than the online business. Most careers (the exception being performance-based compensation) pay a consistent amount biweekly. This income can be used to pay for both living expenses (food, transport, and rent) and growing your online business. Your career income can help you grow your online business massively in its first couple of years by outsourcing content creation, using paid traffic, or hiring assistants.
Another advantage of balancing a career and online business is that at the end of your work day at your day job you can shut that part of your mind off. If you only have an online business your work day never ends and it can be incredibly difficult to shut your mind off. With a career and online business you can find a balance that works great for you. I like to wake up early and do 2-3 hours of important online business work (e.g. content creation) before I go to work. This way in the evenings I can choose to either do basic administrative tasks or relax and read or go to the gym.
A career can also be an amazing way to meet like minded people. Online business is often (not always) a solitary pursuit. Balancing both can be perfect for someone who has a mix of extroverted and introverted personality traits.