Monday, June 15, 2009

Who Are You?... A Bucket Carrier? Or A Pipeline Builder?

Do you get paid only when you show up and do the work? Or do you work once and then get paid over and over again?
If you're like most people, you're working the bucket-carrying plan. It's call "The Time For Money Trap" For example, one hour of work equals to one hour's pay, one month's work equals to one month's pay and so on for one year's work equals to one year's pay. Is this what you're doing?
The problem with this kinda job (in this case, we call it the bucket carrying job) is that the money stops when we stop carrying buckets. Which means the concept of "secure job" or a "dream job" is an illusion. The danger of carrying bucket is that the income is temporary instead of ongoing.
Here, some of us might argue that in our traditional employment, we do have sick leave and annual leaves. But remember, once we have used up our leaves, if we do not continue to carry our buckets, we won't continue to get a paycheck. This will equals to no work, no money (ie. we have to take unpaid leave, ain't this mean that our wages will be deducted?)
Let's see this example. There's this man Mr ABC, a very successful civil engineer. His career is at the peak due to the booming economy. He was a leader in all his construction projects. He is making very good money throughout his working life. Besides having a so-called secured job, he has a very happy family too. Giving his family the best home, sending his children to the best school, the family will go for long vacation once a year. They are having the best of their lives. Everything goes well. This was a bucket-carrier's dream job if there's one. One problem. One day, an accident happened at work and Mr ABC broke his leg. He could never stand on his feet again after the incident. He could never visited the construction sites any longer. He is lucky he didnt lost his job totally but what can a civil engineer do if they don't go to sites. The employer gave him a job in office. The pay would not be as great anymore and he is earning one-third of the income he earned as Project Manager at sites. Through no fault of his own, his dream job dissapeared.
Now. do you see why we said there's no such thing as secure job in bucket carrying job? Can you see how vulnerable bucket carriers are?

The problem with the Time For Money Trap is that if you can't trade the time, you can't get the money!

What will you do if your income stopped tomorrow?
What would happen if you got laid off?
What would happen if you got sick or disabled and couldn't carry those buckets anymore?
What if a medical emergency ate up your savings?
What if your nest egg evaporated overnight?
If your income stopped tomorrow, how long would you pay your mortgage? make your car payments? or even pay for your kid's schooling?
If a disaster strikes, do you have a lifeline that could protect you and your family?
Or are you gambling will continue uninterrupted for as long as you need the income?
Think about it, whether you are a doctor, engineer, teacher or cleaner, you're still a bucket carriers.

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