Some Recent Facts About Jobs
In our opinion, there really is no such thing as job security, at least not like it used to be. There have been big, “safe” companies to work for that have cut jobs and pushed out seasoned high paid individuals to save money and stay profitable. Some high paid sales professionals get higher, near impossible to hit quotas that end up greatly reducing their income.
Some Examples:
- Target announced it was removing 1,175 jobs, including 465 layoffs (source: USA Today)
- Microsoft announced a planned headcount reduction of 18,000 (source: USA Today)
- Hewlett-Packard told investors that it plans to cut an additional 11,000 to 16,000 jobs (source: USA Today)
- Coca-Cola plans to cut 1,000 – 2,000 jobs in the coming weeks (source: CNBC)
- BP Oil will cut thousands of jobs by the end of next year in a $1 billion restructuring program (source: Reuters)
- Sprint plans to cut 3,700 jobs this fall (source: Kansas City Star)
This is just a quick sample of what is happening in some of the bigger companies. If these big companies can cut large numbers of jobs, hopefully you can start to understand that there may not be job security in ANY job.
Tragedies crush families every single day. Health and job tragedies rank way up there in the stress department. You should NOT walk around wearing job security as your sole badge of safety. Here are three suggestions that will give you REAL security.
Three Steps Better Than Job Security
- Get an investment vehicle that will create tax reduced or tax free income. Yes, it is better to start when you are younger, but you can still have hope at an older age. Investment grade life insurance is one example of an investment vehicle that provides living benefits that are tax free.
- Create OPTIONS. We never tell someone they should quit there job to do a home business full time. But we DO tell everyone to create more than one income stream. It’s totally insane to rely on only one source of income and have that one source come from a job that is beyond your control. While this doesn’t mean you have full security with a network marketing company, having an additional income source is definitely a smart thing to have.
- Recognize the REAL thing that is BETTER than job security. Adaptability. If you learn to adapt, you can overcome any scenario. If you learn the principles of connecting with people and providing value, you can apply it to any niche and make a living.