There are so many kinds of work that needs to be done and you are doing one of those jobs right now ? unless you are one of those two and a half million that have been laid off during the past 3 years. The press continues to blame China and India for stealing away all these forms of employment, but they don't have it right.
Many of the unemployed have been sent to train for new jobs and, unfortunately, the government in its infinite wisdom is training folks for high tech computer related work ? the kind that is being outsourced to foreign lands.
Have all those jobs gone to foreign countries? No. Many of them have been replaced by more efficient machinery or faster computers. They will not come back because they didn't go anywhere. They disappeared. You might want to take a close look at your own work. Can it be sent over the border to be done by someone earning one fifth of what you are being paid? Will improvements in technology someday replace you? The Wall Street analysts thought they were indispensable, but it seems that there are thousands of graduate degree stock analysts in India who are performing the same service for one fourth of the cost.
Suppose your job disappeared. What would you do? It is always smart to have a backup plan. Many people are going into business for themselves, but you better have a good size nest egg as it usually takes 18 months to break even and 85% of new businesses fail within 5 years.
If you plan ahead maybe you won't be out of work for very long and miss those paychecks. As "iffy" as our economy is today it would be wise not to wait until the axe falls.
One of the greatest sure things is the health field. With the boomers starting to retire in a few years a job in the health field should be relatively secure. These can't be shipped overseas. How about something related to the funeral business? You will want to think about any business where the work cannot be outsourced. Starting a business now that may take several years to start bringing in a profit in 5 years might be a solution. Is there a position that you have always wanted, but requires taking state or federal exams? Start now to study for and take those tests.
If you are required to start over you must be willing to work for less pay until you work your way up the ladder in the new profession. Don't wait until you are collecting unemployment benefits to start. Some people would rather sit at home than flip hamburgers at minimum wage. Can you stomach that?
Every day with the increasing advances in technology your job becomes riskier. Don't wait for the pink slip to start thinking about how you are going to pay the mortgage next month. Your job is any job you enjoy and at which you earn a decent living. Don't count on having it tomorrow; it may disappear.
Anticipation and planning are the watchwords so you will always be working and enjoying life.
Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.
1-888-345-7870; http://www.mutualfundmagic.com
Before we get into all the good news out there,... Read More
I am taking the time to help others learn the... Read More
I was recently interviewed for a press release through a... Read More
How do you make money without picking tops and bottoms?I... Read More
The spring-loaded rat catcher is the ultimate low-tech device invented... Read More
With an insecure job market, overworked employees, insufficient retirement savings... Read More
When is a dividend not a dividend?The latest thing "conservative"... Read More
With over 6,000 mutual funds available, it may be tempting... Read More
The trading method you employ to approach the stock market... Read More
Everyone who follows the financial news has heard of mutual... Read More
The stock market is very unstable at this time going... Read More
It looks like we have now entered a new bull... Read More
During the month of January the Dow Jones Industrial Average,... Read More
Regardless of the fact that the world's stock markets have... Read More
What account size do I need?How much money can I... Read More
Just 30 years ago the stock market was a shadow... Read More
I made my very first investment in the stock market... Read More
Let's go into the details of why non-indexed mutual funds... Read More
After finding the price of a particular stock, usually the... Read More
A few years back ? it seems like an eternity... Read More
Reach in your pocket and take out that big roll... Read More
There are formulas for just about everything, but it has... Read More
A colleague of mine just returned from a scuba diving... Read More
Everyone who invests in the stock market wants to be... Read More
Do you own any mutual funds? In an IRA or... Read More
premium house cleaning Glenview ..I don't know what kind it is, but I saw... Read More
Did you run out to buy that duct tape yet?... Read More
Intervention. Now don't let that big word scare you. The... Read More
Maximizing a stock market investmentThere are several factors an investor... Read More
The Bollinger Band theory is designed to depict the volatility... Read More
Every year I go to the Money Show in Orlando,... Read More
The stock market has been going up for more than... Read More
Humpty Dumpty had a great fall and all the King's... Read More
A recent cartoon in my daily newspaper showed two guys... Read More
I often hear from people, "I don't trade. I invest.... Read More
In my opinion, due to the volatility of stock market... Read More
Most advisors will tell you they can beat the market.... Read More
To begin, you might look at playing the stock market... Read More
Inverted interest rates? What's that? Who cares? Even if you... Read More
I made my very first investment in the stock market... Read More
This is a guide to the different types of mutual... Read More
According to Investopedia Inc. the penny stock market has seen... Read More
After some forty years of banking and investments, I retired... Read More
Four blind men were asked to give a description of... Read More
Let's assume that you want to make some serious money... Read More
We keep hearing about this bear market and that the... Read More
Just about now everyone is confused as to which way... Read More
Most stock traders know that momentum trading can be a... Read More
Exchange Traded Funds (ETFs) are a group of passive index... Read More
In 1960 an engineer working for a watch company in... Read More
Stocks & Mutual Fund |