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  • January 30th, 2007 Articles

    While common culture tends to portray the rich and powerful as the ones who are greedy and impatient, now I am aware of it I am noticing the reverse.

    I have been talking with a lot of coworkers lately about the fact that I am starting a company and making alot of websites to bring in extra income, and eventually replace my job.

    When I discuss these ideas with them and they give a positive response I usually offer to work with them on a project together. I volunteer to help them with the technical aspects if they provide the content, and we can split the profit from the site. Or I provide the tech and the content and they translate it.

    Every single time I have suggested it, the response was the same. They would rather be paid by the hour for their work because they don’t want to wait 6 months for the return on their work. Even if that return is then paid for the rest of their lives.

    From my mindset I find this unbelieveable. It is epsecially noticable with the Proctor Partnership Proposal. I have offerred to several friends who are translators that if they were prepared to translate 10k AUD worth of text, they could have a share in the company, that would, after 2 or so years, pay them at least 10k a year probably more like 50-100k or more eventually a year, for the rest of their life.

    I would much prefer to do this than get an investor to give me money, then hire them with that same money to do the same job…

    But they refuse to wait to see the results of their work. They want the money now, even if it is tiny compared to the long term profits. This need for instant gratification, and total lack of vision for the future is just amazing and stunning to me.

    I am effectively offering them this : I can give you $10 today, or if you wait a week I can give you 10$ every day for ever.  Without fail, everyone I have spoken too wants the money now, now, now and not a moment later.

    If you look around at the increases in debt but decreases in savings prevelent in our society, this same idea has obviously become a deeply rooted part of our culture. There is no sense of patience. We want to buy now and pay later.

    Delaying gratification is one of the most important parts of gaining wealth. So it should have been no suprise to me that the people around me, all obviously of a poor mentality, would feel this way.  It is just difficult sometimes to realise that not everyone sees things the same way you do.

    We are also treating the environment the same way, and our friends and lovers also. The results of this are plain to see. The plant is very close to cashing the cheque we have spent the last few hundred years writing (since the industrial revolution). I have a very ominous feeling though that this cheque is going to bounce…

     


    Read the Comments

    712 Comment from Chris February 28, 2007, 11:45 pm

    You must also realize that these people immediately place a “probable worth” upon what you are offering to them. If you were choose from $10 today or $10 weekly for the rest of your life the choice is obvious (if in fact the weekly pay is guaranteed). But if given the options of $10 now or MAYBE $10 for the rest of your life (with a lot of “ifs”), the choice changes quickly. Human nature is to “get while the gettin is good”.

    With the majority of start-up businesses failing within 1 year of conception, this is a major factor to the feedback you are getting.

    I have personally developed this same attitude towards entities offering a “percentage” or long term benefits rather than an immediate pay off for these reasons. It was in my nature when I was younger to take up percentage offers for a shot at a dream, but each time was disappointed due to no fault of my own.

    I have however also agreed to percentage offers in my adult life based on the probable worth of the offer as well as other factors and hold stock in many now successful business ventures.

    713 Comment from Daniel March 5, 2007, 10:12 am

    I wouldn’t say it is human nature, but conditioning.

    To take up the offer is to take a risk.

    Taking risks is the only way for you to ever become more than you are now. To improve.

    The people I was offering this too often complain to me about how they want more for their lives. But they aren’t prepared to do anything to get it.

    You say yourself you hold stock, that requires you to take exactly the risks I am talking about.

    The thing that gets me though is that all they need to ‘risk’ is a few hours of television time a week.

    They won’t give up unproductive activities for a chance at being productive. Yes it isn’t guaranteed, but the potential losses are virtually nil, and the payoff huge.

    But it’s a risk, and risks just aren’t encouraged by society. That’s why so much wealth is in the hands of so few people, because those people take the risks and reap the rewards.

    The rest of society bleats about how hard they have it, but wouldn’t dream of taking the tiniest risk, or putting in the smallest amount of effort in order to get themselves out of it.

    721 Comment from Ruben March 27, 2007, 11:00 am

    Do you need someone to translate into Latin-American Spanish? If so, write me. I’ll be happy to wait a little while for my 10% (that’s 10% not $10) for life. I could probably get a cousin to translate it to Castilian Spanish as well. si_cube_mtp at hot mail

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