I was having this discussion with a friend on who is more likely to succeed – an employee or an entrepreneur.
To get more insight, I tried to look for people I actually know and see who are successful and try learn from their example.
Among people at work, the most successful are the employees able to climb the corporate ladder and thus receive big paychecks and bonuses. I think there are also those who made successes in their investments.
Among my friends from university, I think the most successful is an entrepreneur making money breeding and selling milkfish.
Among my friends from high school, I think the most successful is an entrepreneur who started a Funeral Homes business.
Among the parents of my friends from high school, I think the most successful are the entrepreneurs who own businesses manufacturing clothes, producing poultry feeds, breeding swines, lending money. I cannot even name a family who became rich working as employees for a company.
This is also true among people in my hometown. The biggest houses are either those owned by families with businesses or those who are married to retiring foreigners.
I knew there’s a whole book dedicated to this topic (Rich Dad, Poor Dad) and yes, I’ve read it already and yes, I’m convinced the entrepreneur (Rich Dad) is more likely to succeed.
At age 31, it’s becoming more obvious I am following the path of the Poor Dad. The formula is simple — study in a good university, then work for a good company. Until I retire, I need to work out strategies to get more and more pay.
A lot of people call it “climbing the corporate ladder”. Critics call it a “rat race”.
May the best rat win.