Do you ever think of it this way?
If not, now is a good time to develop some clarity on this. I grew up in the last true generation that was raised under the pure mindset that you find a good company to work for, give them your all, and you will be taken care of for the rest of your life. This meaning that you would have the security of the job, the benefits of the retirement program, and also the governments programs for medical and retirement (ie in the U.S…social security).
It goes without saying, that this is no longer the case. Yes there are good company’s you can work for, and in the right situation this can be for a long time. But with the increasing pace of change and the comingling of world economics, financial security has to be pursued now, and not placed in the hands of anything outside of your active efforts.
This starts with the understanding that you’re home is an economy. You have revenue and you have expenses. You have a need to create equity and you have a need for cash flow. You have to be able to roll with changes and you have to be responsible for your long term strategies while you also meet short term needs. You have your own set of supply and demand curves.
Many of you know that my entrepreneurial life was born out of being laid off a few times early in my career in banking. Both of those situations were blindsided to me, and showed me the light of being entirely responsible for the economic foundation of my life. I once heard it said that the best time to look for a job is when you already have one.
This is also true of the best time to begin a venture of your own…when you don’t truly need it. Its a rare breed that can throw cauti0n to the wind and risk everything on a new venture. This is why I am such a huge advocate of having a home business. Anyone can begin a home business in todays world with very little capital. You can start in 5 or 10 hours per week and create an additional income stream for your economy.
You can turn some of your television time into an income stream. Every one has time to do this if they take a structured approach and woke a little at a time. The other benefit that immediately occurs is the tax benefits of a home business. You can begin to KEEP more of what you are earning from your job, while you create more from your new venture. Its a double win. This link will take you to a video I did on thsi topic a few years back that is every bit as applicable today: http://www.youtube.com/watch?v=j2_V_xh8cus&list=UU7EQbYOzG-AKh0oH6tQ-NKA&index=3&feature=plcp
In the Million Lives Team I help people grow a second imcome. I also mentor people who are deviding their own ventures. Think about what you love and what you are interested in and find a way to grow an income stream. It is the smart thing to do in today’s world. Step by step you can succeed at most anything that you put your heart into.
