CEO Outearned – How This McDonald’s Employee Will Earn More

I’m not sure how many times I’ve repeated this line, but today, let’s take a closer look at two real life examples.

"It's not how much you earn, it's what you do with it that counts." - Chris Gray, CEO of Your Empire

If you know me, you know I like numbers. I’m good at them because as an accountant, I have zero emotion around them. They’re just numbers after all.

Recently I had two very contrasting conversations with two very contrasting people and their personal numbers.

One was with a successful CEO who was around 50 years of age and the other was with a young woman who had just finished working her job at McDonald’s and was now in her first “real job” as a data analyst.

Now what if I asked you who was better off financially?

It’s simple, right? The CEO.

They’re in their earning prime and have a successful job. The family live in a big house in a highly sought after suburb of Sydney. Their children go to elite private schools and they drive a 2022 model Mercedes.

“Chris, we need to talk. I’m staring down the barrel of retirement and have absolutely no clue how our family affords this lifestyle when I do. With the recent interest rate rises, we can barely make ends meet with our current house mortgage. What should I do?”

“barely make ends meet”?

But this person is a CEO, right? You’d assume they’d be on a solid income, no?

However this is what I see over and over again when you look at time-poor professionals. They are so busy earning an income that they spend all their free time accumulating liabilities and spending their money, not accumulating assets and increasing their financial IQ.

I know you might think this is crazy if you earn a median salary, but remember, I left my job as an accountant earning far less than 6-figures because I:

  • saved
  • made smart decisions
  • got expert advice
  • leveraged my money

Often (though certainly not always) I find, people with much smaller incomes are smarter with their money, because they have learned to value it more. When you earn a lot, you think the tap will flow forever, though this is certainly not the case.

So meanwhile, let me introduce you to this young woman in her first decent paying job.

Here’s a break down of what she said to me…

“Chris, I need help to structure my finances in order to buy my second property. I saved my ass off and put together a deposit plus a cash buffer like you suggested to buy my first. It’s currently tenanted and I’m easily able to cover the shortfall from rent to the mortgage. The property has increased in value maybe $150k since I purchased it 2 years ago. How can I borrow against that equity and buy another?”

The CEO feels STUCK and HELPLESS, even though they earn more than 10 times what the young woman earns (it’s actually considerably more than that). They think that the key to money is EARNING more in a job.

The young woman is purely FOCUSED on building a portfolio that grows in value faster than she can make money in a job. She knows that leveraging money can make money way faster than she can at any job she ever has.

  • Are you struggling to make ends meet? Even if you are on a good income?
  • Or are you constantly looking to a promising future where money and property work for you, so you don’t have to?

It’s never to late to take a new perspective and get your finances in order, but I’ve found it’s almost impossible to do it for yourself.

That’s why I have an expert team around me to help answer my questions and guide me in the right direction, no matter how much I know myself.

Maybe it’s time you had an EXPERT opinion on your position and considered your long term goals too.

As always, we’re here to help if you need, but I just wanted to get you thinking.

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