We tend to have a predetermined visual image of what a boss looks like. Society tells us that el jefe (for my español deprived readers outh there, el jefe is Spanish for boss) is always draped in designer threads, drives the latest luxury model automobile, and flashes the most money. In addition, our experiences tell us that the boss is the one who tells us, the employee, what to do. How can anyone be a boss when they work for some one else?
Easy, just put your money to work for you!!!
Treat Your Money As You Would An Employee
To the avaerage American, this is a foreign concept to us. It might as well be in Mandarin. As Americans, we are programmed to spend first. We are told that in order to be successful, we must dress a certain way and have the finest things life has to offer. Outkast rapper Big Boi said it best "I heard its not what you make, but how much you spend." he then goes on to mention "you got me bent." And he's right. This sort of thinking will have you bent.
Lets become bosses by putting our money to work for us instead of giving it away. FinancialJuneteenth.com's Dr. Boyce Watkins clearly makes this point when he discusses the difference between owning Nike vs owning a pair of Nike's (or Jordan's for that matter). In this article he states "In February of 2000, the share price was just $6.64. Since that time, the stock has risen to $132 per share." It's not secret that a pair of Jordan's can easily cost us about $250. Now imagine how many shares of Nike $250 could've bought us. With $250 at $6.64 per Nike share, that is just over 37 shares!!! Here's whats crazy. Fast forward to the quoted share price for Nike stock at $132 per share, and those 37 shares would now be worth $4,884. That is an 1888% increase. All you had to do was set it and forget it. Now I'm not sure about you, but any boss would be more than satisfied with an employee who's production would increase by 1888%.
I smell a promotion.
This is why I've been involved in the stock market since 2009. I jumped in at the riskiest time so far in my lifetime. Not only did I jump in head first during the great recession, I jumped in days after I got fired from my job as a Sales Associate for a fortune 500 company. Not all of us are as comfortable with the risk associated with the stock market. Just ask owners of BlackBerry stock whose stock has plummeted from $230.52 in 2007 to $12.07 as of today February 3rd, 2021. Ouch!
Have No Fear, You Could Still Be A Boss Even If You Don't Invest In Stocks
If stocks intimidate you, then you can still put your money to work in other ways. Not every employee is a Sales Associate. Some are Customer Service Reps, Technical Support Agents, etc. In the case of our money, High Yield online savings accounts and CD's are also available. These instruments offer guaranteed returns, usually higher than traditional savings account. In other words, these employees are guaranteed to produce!
The key is to focus on ways to make your money work for you. With several options available to us, we should always seek to put our money to work first, then spend! We decide if we want to be bosses or not. We can purchase shares of Google or Google devices. As the boss of our own business, we need our business to boom. We should always hire our own employees by saving, investing, and acquiring assets. Once we master the art of putting our money to work for us, we now become el jefe.