Comments on: Career Allocation … Asset’s Estranged Cousin

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by: Chris

Thu, 10 Aug 2006 11:01:15 +0000

That’s also an excellent book! I believe America’s new consulting culture will help feed the engine of future entreprenuership.

Unlike the past where a person would stay at a few companies their entire career, now 12-18 months is the new minimum acceptable length — shorter than some consulting contracts. By treating their resume as their career, and not their company, employees can remain flexible and stay employable.

Keeping people thinking about their own skills and shifting their frame of mind from external companies to internal skills I think helps feed the entreprenurial desires that I feel come so naturally to Americans.

While some complain about the structural shift away from manufacturing, this new consulting society is really better for everyone. In order to attract highly skilled workers, companies will have to treat their employees well — eliminating the costs of unions to the society.

Unfortunately though, it seems many short-sighted employers want to avoid training staff that may not stick around, causing us to pick up some of that burden.

by: Vince

Thu, 10 Aug 2006 03:22:47 +0000

prlinkbiz, thanks for sharing your perspective. You brought up a good point about “order” and you stated that your business funds your investments. Excellent point!

Chris, I’ll have to check out Millionaire Maker. When I first got interested in personal finance, it was from Kiyosaki that woke me up, it was also a book by Spencer Johnson - Who moved my cheese? that got me thinking about change, downsizing and what lies beyond being an employee.

I’ve since moved away from Kiyosaki (many different reasons) as there are many perspectives out there and ultimately, we can’t be stuck on reading, we gotta eventually start on “doing”. =)

Cheers!

by: Chris

Thu, 10 Aug 2006 02:59:53 +0000

Great article, Vince! Really like your premise. You should definitely read Loral Langemeier’s book The Millionaire Maker. It’s useful in thinking how to allocate your personal time and resources to get out of the rat race.

Robert Kiyosaki’s Cashflow Quadrant (review) also is a great related read.

by: prlinkbiz

Wed, 09 Aug 2006 16:23:17 +0000

I agree with you- that each level, or career allocation, serves a purpose. I also agree that order and purpose may vary for individuals. For me it is entrepreneur to investor. My business makes money for me to invest with, which in turn allows me to do what I love in business and put money back into investing- a little cycle.
A job or business, even built part time on the side to start, in my mind is a way to fund your investing- because that is what is really going to give you the freedom and resources to do what you want.
Eventually, I should be an employee of my own company, as welll as business owner, doing what I love, making money as an investor as well!
My two cents!