Friday, October 31, 2008

You can determine your own financial security

By Jen Quigley

The concept of "financial security" may have developed as a result of the Great Depression, when the sense of feeling secure came about from receiving regular income through a permanent job.

Since the Great Depression and through much effort by those trying to secure better conditions for workers, people's confidence has increased in their employers caring for their well-being.

However, it's a sad reminder that organisations can fail, resulting in downsizing, restructuring, or selling out to the highest bidder. These "downsize or ditch" tactics often leave employees in fear, while management attempt to sustain the organisation or at the very least, attempt to sustain themselves. Staff can be laid off, transferred, or made redundant.

The stark reality is that big corporations will always be focused on their bottom line, and while they try to look after their staff as much as possible, their concerns for the human element is mainly dictated by legislation, rather than borne out of any real sense of empathy for mankind. The bottom line is that if you don't affect the bottom line in a positive way, they let you go.

Employees who are dependent on the organisation's system for their financial security are indisputably subject to the whims of their organisation. The individual has little power or control over how much they earn, where they work, the longevity and reliability of their income, or their position. They are simply a number.

And if the employee has a mortgage to pay, kids at school or university, a new car with hefty repayments, they are rendered powerless with no financial security afterall.

So is there really such a thing as "Financial Security?" In short, "Yes". But not in the context that is widely accepted. Financial security is not acquired through working for an organisation - it's acquired through NOT working for one.

Did you know that after 40 years of working a J.O.B, 63% of people find themselves financially dependent on their children or government subsidies, 29% didn't even make it to retirement, 4% are financially stable, 3% continue working and only 1% are independently wealthy."

What separates the 1% from the rest? Predominantly, the 1% are self-reliant through either being self-employed, owning a successful business, or through reaping the benefits from earlier investments.

Real financial security is the manifestation of wealth acquired through believing in one's self and one's ability to create income at any time, anywhere. Entrepreneurs have understood this concept and have applied it for generations, since the Great Depression.

Entrepreneurs know that at any given time, regardless of the economy, they have the necessary skills, know-how and determination to create and sustain their own lifestyle. They refuse to be dependent on, or subject to, the whims or decisions of others. Instead, they establish themselves as their own corporation, producing their own income, which is derived from commitment, application and sheer motivation. They are the essence of Financial Security and they reap the rewards.

So, whether you intend flying solo as an employee who is vulnerable to the whims and decisions of the corporation you work for, or are intending to follow a proven success method that sets you apart as an entrepreneur, either way, you need to set yourself a schedule to ensure you plan on working, or you start working on a plan.

A complete system that is un-reliant on employers or corporations and which virtually runs on automation is Internet marketing. You can take a behind the scenes sneak preview of how it works via this link. An inbuilt video tour of the business does the selling for you 24 hours a day, as long as you take action and activate the system.

Please understand however that nothing in this world happens by magic, so you will need to commit some time into making it work. You are also being offered an opportunity to learn directly from a team of already successful entrepreneurs who will teach you, so that you no longer have to rely on somebody else for your financial security. - 15485

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