Is Your Job Secure in This Recession, and What is the Solution?
“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.
So maybe that’s what you got to replace so check out the average affiliate sale is $35, it gives us a starting point. So work out what your real take home is after expenses and how many sales a day you will have to do to make that. It is not as many as you think, so why not look into an alternative way of earning a living. That gives you more time with your family or friends and lets you work your hours and from home, no commute.
Is $50,000 per year good enough for Joe? That is up to Joe to determine. More importantly, what is your FIN? I mean your Financial Independence Number? This is the magic number that will determine how good your retirement lifestyle will be.
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.
Invest at least 10% of your gross income and save at least 5% for emergencies and large purchases. As a rule of thumb, make sure your investments have a potential of earning 10% interest per year and your savings earn at least 4% interest per year to keep up with inflation.
Peter Werth is an expert MLM Home Business Opportunity business owner. Visit his web-community for insightful MLM Home Business Selection Advice today!