And the thing is, we see it time and time again. There’s a major company that employs hundreds of thousands of employees. Not 10 miles away from where I live, there’s a major entertainment complex that I know let thousands of people go and they’re already starting to hire more people back, but the positions that they let go are being filled by younger and cheaper employees.
And the thing is when you come across those stories, they break your heart. But what do you do when it happens to you?
The System Is Broken
The first thing you have to know is the system being broken. There’s no company that’s going to hire you and keep you for 30 or 40 years anymore. Those days are long gone.
I remember reading, Everyday Millionaires by Chris Hogan. And Chris was discussing all of the millionaires that were next door to us and describing much the same strategy for how those people became millionaires.
- They worked at a company for 20 or 30 years.
- They invested heavily into their 401k and they spent as little money as possible.
- They retired millionaires.
After reading this, I was inspired, but at the same time, I realized, that’s not happening anymore. And Chris Hogan’s book is only a few years old.
What Can We Do?
So first, you have to take responsibility for yourself. There are so few companies who were keeping long-term employees that we have to take responsibility for ourselves and say to ourselves, “I’m going to guarantee that I’m going to have the money that I need when I retire and not worry about what any company does or does not do.”
Most of us never received the education we needed about money and what to do with it. That’s why it is imperative to educate yourself. Learn how save money (the right way) and pay off debt. And we must learn how to create real wealth on your own and not wait for another company to grow a nest egg for us. And you know the government is not going to help you.
Second, you have to be much smarter with money than you’ve been. Because most of us did not learn about money when we were younger, now as adults, we have to save more aggressively. We have to invest more aggressively. We have to spend way less. We have to have fewer of the fancy frilly things, and really start thinking of the future.
That’s one way to do it, but there is also another way…
And that is finding a way to earn money outside of the typical nine to five job. How do you do that? There’s a lot of different ways that you can do it.
Some people go out and they start a side hustles like Etsy stores or go and flip stuff on eBay or they start affiliate marketing, which I think is great. There’s so many people making thousands of dollars each week on affiliate marketing. But no matter what you choose, you have to find something that you can do on the side that could replace your income and then you can really aggressively push your income over your goals.
And finally, the fourth thing that you need to do is be willing to start right now because the future is not guaranteed. The problem that we’re having is everybody seems to be in limbo because of the pandemic and because of being furloughed. And a lot of people, including myself, we’re kind of in this weird haze for the last year or so.
Things are moving forward at such a rapid pace. Inflation’s going up, taxes are going up, the cost of living is rising. And the pandemic is not going away any time soon. So at some point the money is going to run out from the government. You have to take responsibility. You have to find something to start supplementing (or replace) your income.
You have to save, invest and spend much more wisely than you’ve ever done in your life. And you have to do something right now. Those four steps will help fix the system for you. If everybody did this, it would ultimately fix the system. But I don’t think everybody’s got the wherewithal or the drive to do it.
If you’d like to start a business and you have no idea where to start, I’ve got a great suggestion for you. It’s not free, but it’ll only cost you $7. It’s from a company I trust called Legendary Marketer and they have a 15 Day Business Builder Challenge you can take. This program will give you the foundation you need to build a successful online affiliate marketing business.
It doesn’t matter if you’re trying to flip on Amazon or you’re wanting to do high ticket affiliates, or even if you’re wanting to do a combination of all the different types of affiliate marketing, the Business Builder Challenge will give you the basics for how to, find, market and, really build a successful online business.
To learn more about the Business Builder Challenge Go Here.