@calltoleap: Watch my video to see why you will not get rich from your job! Video: @codiesanchez A traditional 9-to-5 job can provide a stable income stream and stable life, but it may not be the most effective path to increased wealth or net worth. Here are a few reasons why that may be. 1. Limited Earning Potential: Most jobs have a salary cap that limits how much you can earn, regardless of your effort or performance. 2. Time-For-Money Trade: Traditional jobs typically require you to trade a set number of hours for a fixed salary. Your earning potential is tied directly to the time you spend working. 3. Taxation: Salaries are often heavily taxed, and higher earnings can push you into higher tax brackets, reducing your take-home pay. 4. Inflation: Salaries may not always keep pace with the rising cost of living, eroding your purchasing power over time. While a job can provide a stable income and benefits, building substantial wealth typically requires diversifying income sources, making strategic investments, and possibly becoming and entrepreneur. -Steve Follow @calltoleap for investing videos! Follow me @calltoleap to learn more things like this about money! @calltoleap @calltoleap @calltoleap Make sure you check out my next beginners investing master class July 2nd at 5:30 PM PT the link to sign up is in my bio! 🔥 Let me know your thoughts in the comments below 👇 #money #investing #finance #personalfinance #work

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Saturday 22 June 2024 23:00:00 GMT