5 Potential Risk That Impact Our Future Income
Do You Know that We are exposing to potential risk that will impact our future earning…?
Most People who own a full time job are exposing themselve into Financial Risk everyday in their working life ? What is financial Risk ? To an investor, risk means to how much he/she can afford to lose.. To a business owner, the risk could be losing a business deal to a competitors that result in financial lose. How about to people who have a full time job ? Our financial risk could be even higher….and this can be shockingly true..!
You might not believe it, here is the truth… Most people have a full time job, What financial Risk are we talking about… think about this.
- Risk of Losing Your Job. We never know that One Day, when your boss call you into the office, and said “Mr/Ms…I wanted to let you know, our company is not performing, so Your job is redundant….Thank for your service….” Your income drops to Zero instantly, and the chances to get another job with the similar pay or higher could be slim.
- Merger and Acquisition:- Another Giant company planning to take over your company. As an employee, You may feel this is great, A Giant company might be Cash Rich and you think you will have a good potential future…. Things might change, because Acqusition and Merger will follow by Downsizing and Cost cutting due to management changes… This is yet another level of Risk..
- Age: Can you guaranteed that you can work for your company for another 10 or 20 years ? WHen you reach the age of over 40 or 50… your company/Boss might decide to look for someone younger, with more ideas and cost cheaper to perform your job… Your Chances of Losing Your Power and Financial Status and eventually Your Job becomes significantly higher when YOU Get Older…and Age is Nothing You can control.
- Losing Your Annual Bonus and Increment :- During Good times, everyone get full bonus… But during bad times, we get nothing… Lost of Salary Increment and Bonus are risk to your financial earning..
- Earned Income Saving: Where do you save your earned Income? In the Bank or Piggy Bank or invest it ? Putting money in the Bank is in fact losing Money… Take into consideration of Bank Interest Rate and Inflation Rate… We are losing money by simply putting money in the Bank… and this no longer become safe for us. This Risk is low, but its still a risk of losing your money.
These are the Facts on the Risk Level exposed by Most people working in a Full time Job… The Risk could be as high or even higher than an Investor. You will discover that most people are still struggling to make end needs, and they are living from pay-check after pay-check…
An Investor investing in Shares of a company, are able to control the Risk, by analysing the Company, doing market research and ensuring that the risk is low before making a decision to buy…. Most people invest in property, because the property market trend are good in the next 1-2 years…this risk may be low or may be high, but we can speculate and control our risk by investing or Not investing…
You may ask How do we overcome this Risk…? Are we not going to work a Full fime job since the Risk is so great…? Full time job do not give us security anymore.. but most people think that is still the best and safer way to earn money… Which is true, but is NOT the way we should go.
There are solutions, and ways that we could change and move ourself out of the “Employee” Status to a “Self-employed” or “BusinessOwner” Status. There are opportunity which we could explore to get ourself ready and reduce our financial risk level…. Gaining Financal Freedom is everyone dream and to achieve that, we need to engage into business opportunity that create residual income and Passive income for us…
Let money work for us rather than we work hard for money!
Hope i have share enough value and thoughts on this topic and if you find this interesting, please share with your friends in Facebook and Twitter…
To Your Success
Allen Tan
Founder of eEntrepreneurs Club
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Category: Financial Freedom, Internet Entrepreneur, Leadership, Start a Home Business
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