Are you a master or a captive?
I was informed that if one uses at least 66% of their time each day producing earned income, that individual is a working captive. If one uses less than 66% of their time each day on producing earned income, that individual is a free master. Here’s why mastering a personal socioeconomic action plan is your, and your community’s, best solution for a productive capitalistic environment, and lifestyle. I am currently self-employed working captive, but I can see the exit strategy for myself, and others to reach self-mastery in a capitalistic society.
Capitalism, according to Study.com, is a free market of products and ideas that is owned and driven by private citizens. A free market is a system of sales and consumption where prices are set by buyers and sellers according to supply and demand. A capitalistic society is a social order in which private property rights and the free market serve as the basis of trade, distribution of goods, and development. A challenge with a free market system is that the poor are often used as a source of cheap labor with little economic security if they are injured or laid off.
The positive key so far in this article is if one produces earned income, or passive income, one is still producing; which is the intention of a capitalistic society. If one is producing, achieving financial mastery is not lost. If one is not producing, one cannot progress in this financial system. What happens when one is not seen as a producer in a capitalistic society? Better yet, are there social challenges one may experience when one is not seen as a producer in a capitalistic society? Not being a producer can create additional challenges in an already unique capitalistic society and system. More so, being seen a non-producer, or consumer, may affect more than just the individual. Some may experience someone’s non-production and relate that individual’s non-production with an entire ethnicity.
Does everyone, other than the individuals that create, and drive capitalism, start off as a working captive? It is safe to most individuals and families do. If everyone does start off as a working captive, everyone has an equal opportunity, mentally, to use their ideas to put actions towards producing. So, how does one begin to produce in a capitalistic society? The first step is to be aware and accept the fact that you do live in a capitalistic society, and income from personal production must be produced to see a true harvest from the seeds planted in a capitalistic financial system.
Why you should place value on yourself
The first step is to identify the value you place on yourself, both personally and professionally. What is value? Value is something someone needs to make their challenges go away. Why is placing value on yourself, first, such a vital first step? Well, if you do not place a minimum value on yourself, how do you expect someone else to place the proper value on you to receive the income you feel you are worth? Do not be the individual that shortchanges themselves because you have not examined your skill-sets, and/or work experience. Valuing one’s work skills is a personal growth assessment. To reach your career goals, you must strive to maximize your personal growth. Regarding personal growth, key questions include, ‘what are your personal and career goals? What is your life’s purpose, what are you good at, what do you enjoy doing, what do people need, and what are people willing to pay your for?’
The questions above must be answered by the individual in order to properly produce the cash-flow needed to transition from captivity to mastery. Now that we have identified that financial mastery begins with self-examination, we will discuss in the next article how to take your skills-sets and move from earned income to passive income.
About Danavan Hytlon
Danavan Hylton is self-employed and co-owner of Hylton Elite Marketing Agency. Danavan’s firm provides community relations outsourcing and advising to employers, business owners and real estate developers wanting to increase their customer base and community presence in under-served communities of Middle Tennessee.