10/24/2017
How Safe Is Your Job? Do you have a backup plan in case you find yourself unemployed? Are you a reactive or proactive thinker? Over the last 20 years we have had massive bubbles in tech and housing that caused large amounts of loss of wealth and unemployment. Although the economy is growing history has taught us that we will soon face other bubbles and economic downturn affecting every industry as it has in the past. How many realtors and mortgage brokers thought the cash wouldn’t end in 2008 as quickly as it did? Those that survived were the ones who had other investments and passive income to ride out the hard time and prosper. How many people in previously safe industries like Pharmaceuticals and Technology are currently unemployed or have been abruptly. Just this week Merck Pharmaceuticals has announced another round of layoffs right before the holiday season. By looking for a job after the bad news arrives you are acting reactively when those who have built massive amounts of wealth are always proactively searching. The time to build is now not when you realize you needed something built.
