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How Secure Is Your Wealth Plan?
September 1, 2009 | Leave a Comment
“If you know where you are going, any road will take you there. If you do not know where you are going, no road will take you there”, said a wise person. This quote is very relevant to your quest for wealth and financial independence.
What if one day, unexpectedly, you are ‘down sized’, ‘cut loose’, ‘let go’. Call it what you like, but you find yourself without a job, without income. I know how it feels, it happened to me.
So why not access your actual job or former job, what was the pay, what was your outgoings getting to work, lunch and long have you spent getting to the position your in. Be as honest as you can be, but work out what your real take home pay was. This then gives you a figure to look at replacing or better still increasing on. You will have to access what your economic comfort zone is for you and your family, all taking part in it, because you will need your partners support I’m sure during a change.
Most people find it difficult at best, to find a job that will replace the income they had and changing careers is very frightening. So what do you do? You might find another job that you feel is suitable, but in the long term, it is not always, what you thought it was going to be.
What about starting your own business? This seems to be the next logical, and in most cases, the better choice. Whether you choose to start a home based business, a service business or online business, you must make a choice.
Let me give you a clue. Joe is 65 years old and will retire at the end of this year. His Financial Independence Number is 1.2 million and it equals the value of his investments. Joe can therefore expect to spend $50,000 every year for the next 35 years till age 100. He will invest the $1.2 million in an interest earning account that will give him at least 5% interest per year during his retirement.
You cannot let a bad situation get you down and keep you on the ground. You must make a decision to get up and turn things around. Without action, nothing changes.
Whatever you choose to do, whether a home based business or a new job and career, you must do it with all your might.
Peter Werth is a wealthy MLM Home Business Opportunity distributor. Visit his website for insightful MLM Home Business Selection Advice today!
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