A CFP and self-made millionaire has a lesson for kids: You won't get rich working for someone else
- Jeff Rose is a certified financial planner and the blogger behind Good Financial Cents.
- He's also a father of four who is on a mission to teach his kids how to be good with money.
- In an article published on The Good Men Project, Rose shares a few of the lessons he's passing down to his children.
- His top piece of advice when it comes to making money? "You won't get rich working for someone else."
- Read more personal finance coverage.
Jeff Rose is on a mission to teach his kids how to be good with money.an article published on The Good Men Project.
Among the lessons Rose says he's teaching his kids - don't be afraid to fail, take risks, and accept rejection, to name a few - is one invaluable directive about making money: "You won't get rich working for someone else."
Rose writes: "Self-employment is both faster and a more efficient way to become a millionaire. First, you don't split the profits with anyone. Whatever revenue your work produces is yours. Second, and perhaps even more important, your ability to satisfy your customer isn't restrained by an employer's rules."
In more than a decade as a financial planner, Rose has worked thousands of families and discovered a clear trend among his highest-earning clients, he wrote in an article for Business Insider. People who earn six figures don't settle for a low salary - they find a job with unlimited earning potential.
While it is possible to get rich when you're not the boss, "it's infinitely more difficult," he writes for The Good Men Project. "My kids need to know there's a better way."