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Profits And Wages

Profits and wages are not the same type of income.  The ironic part of the difference is you must have profits if an employer can afford to pay wages.  Regardless of how you earn your money, all money exists only because products get bought and sold, so really, everyone is dependent upon sales and if those who make the products don’t make a profit they can’t afford to pay anyone.  So, sales, profit and marketing are the most important aspect of society.  Without these three things nothing can happen, because everyone would be dirt poor.  Jim Rohn, the sage business philosopher and network marketing champion from the early days, said that the most important information he ever got in his life was ”Profits are better than wages.”  In this spirit he started his first endeavor into network marketing and became one of the first professional speakers for business philosophy.

Profits And Wages

Profits and wages both are vital parts of the economy, but if you want to have any upward mobility in a socio-economic way you must create profits for yourself.  No employer can afford to pay you more than he can afford to pay you, in fact, an employer is paying the absolute minimum so he can keep his expenses down, so hoping for a raise is like hoping the sun will rise in the west.  It may be enough to keep you on the job, but at the very minimum.

Profits and wages

Profits and wages don’t have to be in opposition to each other.  In fact, the balance can be more wages in the beginning, but if you work hard and smart your profits can quickly outpace your wages.  How exciting is that?

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