Most people are not raised as children in an entrepreneurial family, therefore, their model for earning money is a “job”, working for a company and a boss who places them in a strict horizontal job function where one day is mostly like the previous day.
Over time this condition creates an underlying deep dependence on someone else providing the job or earning options available to them, and whatever becomes available is still mostly horizontal and again clearly defined.
In this situation of employee your income level is totally determined by someone other than yourself.
Over the years this dependency deepens and becomes habitual. One might change jobs but the condition of dependency still persists and grows stronger as we grow older.
There is however a “payoff” from this situation! Some or all of these conditions most likely apply to you as an employee:
You’re working days and hours are pretty much routine; 9-5pm and not too much stress during those hours.
Your benefits are in place like health insurance and 401(k)
Your coffee breaks are specified as to time, and your vacations are paid vacations and also specified.
The workday ends around 5 PM and you have the rest of the evening to do what you want to do.
By Friday, you can’t wait for the working day to end, anticipating what you’re going to do or enjoy over the weekend…. Clearly the happiest day of your working week is Friday.
By Sunday night you are anticipating Monday morning without much excitement and perhaps even dread of going to your job.
Let’s face it. We humans are conditioned early in life to feel safe and comfortable with routine… the job solution. But when you consider the actual financial fitness of most “employees”, it becomes obvious that the vast majority of employees working today will need to work past their planned retirement date to survive in old age.
We must also admit that we humans have great potential and inclination to procrastinate. So most as they say “kick the can down the road” and simply stay with their routine and hope that they will not be one of the sad financial statistics in their old age.
However the clock stops for no one. You become older and your financial recovery time is shortened everyday and your marketable work skills are becoming obsolete as those days pass.
In other words – - – when you might need the money the most, nobody will be interested in providing it to you.
What then will be available to you? Haven’t you noticed how many retired people today are working packing groceries or doing menial jobs?
If you think this is not a serious problem for millions of people as they reach retirement age, you are simply not keeping up with the financial crisis that we will be living with well into the future.
Governments around the world are facing the need to cut entitlement and retirement programs or face bankruptcy. The same goes for the corporations of America. The assurances of the past will be changed in the future. No more guarantees… To be continued in the next article…
To your success,
George Zalucki
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