Illinois Behind in Personal Income Growth Yet CEOs Flourish
Do you really need another reason to begin the mastery of your entrepreneurial endeavors? According to the U.S. Bureau of Economic Analysis, Illinois lags in growth of personal income to a tortoise-like increase of .075%. Yet the CEOs of the top 100 large Illinois corporations is up 13%, an average of $5.7 million amongst them, in 2014.
Click here for original posts about lagging income and CEOs simultaneously getting double-digit pay raises.
Your bills fly at you twice as fast as your income – Money Smart Guy, Matt Sapaula
Before you get all huffy and puffy about it, know that you have options:
1. Go back to school – hopefully you make yourself more “marketable” by obtaining another degree or certification while avoiding any further student loan debt traps and living on a credit card. Meanwhile, tell your bill collectors and your children, that in about 2-3 more years you will finally catch up and get ahead.
2. Await Your Next Promotion – tomorrow, ask your boss EXACTLY how you can get promoted. Promotion equals pay increase, right? Ask them what steps you need to take, right now, and how you can climb the corporate ladder. What is the step-by-step process? Chances are, your own boss doesn’t know how to get his own promotion let alone yours. How about this…ask your boss EXACTLY how to get promoted to CEO!
3. Start Your Own Business – do this…NOW. And no, you don’t need a lot of capital, or go to the bank for a business loan or ask your relatives for money. Start where you are, with what you have and do what you can. Either you learn to live with taking small risks or die being forced to settle.
Have a Plan to Increase Your Personal Income Growth or Continue to Get Left Behind
Where do you start? This weekend we have a unique event stopping into Chicago. The #WhyStartUp Entrepreneur Tour led by Army veteran of the 101st Airborne, Patrick Bet-David, has been an entrepreneur for over 15 years. His start in the financial services industry was with Morgan Stanley until he had a conversation with a billionaire in Newport Beach, CA.
“If you want opportunity, don’t ever work for the big companies with the shiny labels. Take what you can from your current employer and learn how to build your own company“, he said. (Yes, I am definitely paraphrasing but you get my point)
Today he is not only leading the fastest growing financial agency in America, but a national movement and awareness in free-enterprise and entrepreneurship.
His 16 city tour over 10,000 miles is stopping in Chicago, IL on Saturday, June 27th. Here is the official press release about the #WhyStartUp Entrepreneur tour. You can register today, it is a free event.
Click below to claim your tickets before the venue fills up.