The security of having a job that will take you through to retirement so you can live a happy life in the golden years, and leave something behind for your children or grandchildren is quickly becoming a fallacy.
More and more corporate executives are entering "The Great Replacement Program." Meaning.... more and more of corporate america employees are becoming victims of mass layoffs, and corporate downsizing just so corporations can spare the cost of paying employee benefits, health insurance, and the matching of retirement programs.
Corporate executives are now placing less value in the commitment, dedictaion, and hard work of their employees. Rather, they are focusing their time and efforts on the bottom line, and either decide to get the work done with less people, or outsource the work to contract compaines to supplement the remaining work force. Either way, this leaves the remaining work force to take on more and more work without a linear increase in pay to compensate them for their efforts. Leaving millions of people to scramble for comparable employment just to survive, and others to become increasingly dissatisfied with their jobs.
Because of this increasing trend in the way corporations are now doing business, the expectation of financial security during the working years, and for retirement are quickly diminishing. People who are creative, are seeking other avenues to gain financial security in preparation for the retirement years to come. People who do not take on this action, will be left behind and struggle to survive during the years that should be the easiest years of their life. However, knowing what avenue to take can be a challege.
Let take the real estate market for example.....
For years people have invested in real estate to collect on the increasing equity they have built into their homes. Then, due to a downfall in the economy, the value in real estate makes a drastic decrease and homes are no longer holding the value that existed at the time of the initial investment was made. Overtime, the cost of living continues to increase and individual pay plans are no longer adequate to cover expenses, driving many people into foreclosures of a home they worked so hard to aquire.
Another example is the stock market.......
People invest up to 15% of their income in retirement plans, and even more in the stock market. With the ever-changing value in stock, there is no guarantee that this type of investing will be a win/win situation. In fact, many people have lost their entire life savings resulting from corporate scandals and the plumeting values of individual stock.
So, What Is A Person To Do To Achieve Financial Security In An Ever-Changing Economy?
The answer is in free enterprise! At the end of the day, you are either in free enterprise, or you are working for someone who is. For it is in this environment, that true financial security can be created at anytime, from any place, and is NOT dependent on the status of the economy. In free enterprise, YOU can create as much wealth and financial security as you require. Working for an employer on the other hand, YOUR financial situation, and the life that you live will ALWAYS be determined by how much they are willing to pay you. YOU will ALWAYS have a cap on your income, and be limited to what you can achieve in your life.
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