In my five-year study of the daily habits of the rich and poor, one statistic that I found very interesting related to job satisfaction. Eighty-six percent of the wealthy indicated that they liked their job, while 7 percent indicated that they loved their job.
How about the poor? Ninety-seven percent of the poor indicated that they did not like their job and 58 percent indicated that they hated their job.
But, while those statistics are interesting, what I found even more interesting was how this affected their wealth or poverty. Those wealthy 7 percent who loved their job had a net liquid worth that was more than twice that of the wealthy who merely liked their job.
When it came to the poor, those who hated their jobs made, on average, $12,000 less than the poor who simply did not like their jobs. That $12,000 worked out to an almost 40 percent difference in earnings. Clearly, there is a financial cost to not liking what you do for a living.
What this data makes clear is that if you want to have any shot at becoming rich, you’ve got to at least like what you do for a living. And if you want to break free from poverty, you’ve got to find something to do for a living that you at least like. Hating what you do for a living almost certainly means you will face some financial struggles.
Those who love what they do for a living have a passion for their work. Loving your job and having passion for your job are joined at the hip. Those who love what they do have more energy, work longer hours and are completely committed to performing at the highest levels, adding value to those they serve. Consequently, they get paid the most and accumulate the most wealth.
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This article by Tom Corley was distributed by the Personal Finance Syndication Network.