More and more articles like this are posted every day. The truth of the matter is that there really isn’t a such thing as a “safe” or “stable” job. At any given time, your employer could decide that they want to close your department, sell the company, go through a corporate restructuring, or any other scenario that is completely out of your control. I saw this time and again in my banking job – new government regulation on mortgage loans? Time to cut our loan officers by 25%. The time is NOW to take control of your life – of your money and time – and make a plan to leave your 9-to-5!
Now, in all fairness, the subject person of the article, James Altucher, has some pretty bizarre ideas about wealth and money. And I may not fully agree with him on the topics of having a 401(k) or owning a home. But I wholeheartedly agree with him on the topic of relying solely on a J-O-B for income, and expecting to do anything but struggle paycheck-to-paycheck.
“The average salary…has gone from $36,000 in 1992 to $33,000 now, and it’s only getting lower.”
“The people I know who are doing the best financially have multiple streams of income.”
You can check out the full article on Business Insider here