In Turbulent Times, Don’t take this Risk!
We are in turbulent times not only in the USA but across the globe and playing a high risk game!
The wealthy is getting wealthier and the middle class is getting squeezed out of the middle class.
Unfortunately, in turbulent times, people tend to want to conserve and not take any risk. So they think!
But the greatest risk of all is being Only an EMPLOYEE and at the whim of your employer!!
I know you are saying no Renee you are wrong: I get health benefits, I get a steady paycheck, I just need to tighten up my budget. Let’s walk through this so you can see why this thinking is putting you at risk:
I get health benefits
Yes, you do get health benefits. But the premiums go up every year. Also, most plans are with deductible, so you are paying out of pocket and I hope you have that amount in your H.S.A card. Something to think about; did your raise match the amount of the new cost of premiums?
I get a steady paycheck
I agree you do get a steady flow of cash every two weeks. But your steady check also does not rise but on a yearly basis. No matter how much extra time you spend at work or money you save the company, it is not reflected in your paycheck. As time goes on, you are getting paid less than you are worth and the rising cost of living.
I just need to tighten up my budget
Yes, everyone should shave off extra or erroneous cost. I believe you should live below your means. But if that means living damn near poverty, that is no fun way to live. You are just surviving, no way in heck thriving.
My Two Cents
Before I tell you what I believe is more of a safer bet, let me say this.
I do not believe that GOD intended me or you to just exist or survive on this earth. Look up Ephesians 3:20-21.
With that belief, the surest bet is to BET on YOU!!!
- Look at your skills and see how you can monetize it as a side hustle. No skill is too small. There is someone who does not want to do what you can do.
- Consider business that have low entry cost that you can do on the side. For example, Mary Kay, Avon, online travel agent.
- Start your own business and build it while still working. When the income coming in can consistently match or exceed your monthly job income, you have the option to stay and bank your money or leave and be your own boss.
No Excuses! shows you how you can achieve success in all three major areas of your life, including your personal goals, business and money goals, and overall happiness.
Let me know in the comments how are you going to bet on you.