PMT Forum

News: Check out our IDOL PMT members! Presenting: our awesome Members of the Month! :winner:

Search Money Investments
Shortcut to PMT Forum topics!

Click LIKE, TWEET or +1 to earn PMT Badges!

Author Topic: JOB SECURITY VS. FINANCIAL SECURITY  (Read 6008 times)

Online pulubing_palaboy

  • Forum Hero
  • *****
  • Gender: Male
  • One Serendra's Resident Bum
  • Awards PMT Lounge Addict Always Present! (in September 2014) Always Present! (in August 2014) Tambay ng PMT Forum! Always Present! (in July 2014) Member of the Month (Almost) Perfect Attendance in 2013! Member since 2009 Chikador / Chikadora
    • Awards
Re: JOB SECURITY VS. FINANCIAL SECURITY
« Reply #45 on: Nov 05, 2011, 06:53 PM »
  • Publish
  • The idea of a safe and secure job today is already an OBSOLETE IDEA.

    Guys, do you still cling to job security?

    Still cling to a high paying job?
    why did you say that?
    how could you say that?
    what is your basis in saying that?
    have you done an extensive research on this topic?
    what's your personal experience?

    Offline vicces

    • VIP Member
    • *
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #46 on: Nov 05, 2011, 07:38 PM »
  • Publish
  • u only want job security so you can be sure you have steady income in the form of salary to sustain you and your family. if you already have financial security (meaning you have enough money to spend for the rest of your life), then you dont have to work..
    "If you are out to describe the truth, leave elegance to the tailor." Albert Einstein

    Offline Remoh33

    • Probie
    • *
    • Gender: Male
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #47 on: Apr 22, 2012, 07:52 AM »
  • Publish
  • I would pick financial security over job security. If I had the former, I would find something that would make me more money instead of just buying only material things.

    Use that money to enjoy life, travel, etc, but also help your family and others in need that are grateful. :)
    The only secure employment is self-employment. Learning to trade Forex as a business is the best self-employment opportunity available to you today. www.forextradingathome.org/members/aff/go?r=152

    PMT Forum

    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #47 on: Apr 22, 2012, 07:52 AM »


    * * * * * sponsored links * * * * *

    Offline tmomedrano

    • Newbie
    • *
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #48 on: May 19, 2012, 02:30 PM »
  • Publish
  • siting RK... Money is debt... "holding on to job security is like a monkey holding to food in a trap"... working for money (not enough for most of us) that loses its value and being taxed before even being given your wages. Im here in the real estate industry more to learn (sales skills which I really suck at: I'm too honest hehe and learning the in and outs of the industry) rather than make money, the opportunity to make money though is not bad at all with our commissions.
    Photography (www.timmedrano.com)/ Graphic Design/ Real Estate (Century Properties Inc.) Contact me through timothy.medrano@gmail.com if you have a project of ours you'd like to invest in. :)

    Offline tycoon2012

    • Junior Member
    • *
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #49 on: May 19, 2012, 08:22 PM »
  • Publish
  • Both!  :D

    but if any of the two then Financial Security. masarap ang walang iniisip kahit mawalan ng job.

    Offline GIG

    • Forum Expert
    • ****
    • Gender: Male
    • Carpe diem
    • Awards Member of the Month Member since 2009 PMT Lounge Addict Stocks Superstar
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #50 on: May 28, 2012, 07:18 PM »
  • Publish
  • A taipan ask two greenhorns what would they prefer. Being employed and earning 1M per month or owning the business that gives the same income of 1million pesos?

    Just remembered this story when reading the posts.

    Offline Dodong_Simple

    • Full-Time Poster
    • **
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #51 on: May 28, 2012, 09:16 PM »
  • Publish
  • Well obviously financial security... The main purpose for looking and having a job is to sustain your financial needs... Having financial security simply means no need to look for a job. However, I would rather have a business or any means that can make my money grow. With more money, I can share it to others which will make my money more useful and meaningful ...
    « Last Edit: May 28, 2012, 09:18 PM by Dodong_Simple »

    Offline wiggy

    • Posting Whiz
    • **
    • Awards Member since 2009
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #52 on: May 30, 2012, 01:25 PM »
  • Publish
  • The ultimate goal for any modern living man is financial security, although this is usually related to having a stable and profitable business, but it doesn't mean you can't be financially secured by having a stable and well earning job. Especially if you are already an executive of a company with all the bonuses, health, retirement benefits that an average business cannot give you.

    But still the ultimate goal is financial security either thru business, investments, a successful career  or all of these, coupled with good money handling discipline.

    Offline allanmm13

    • Forum Expert
    • ****
    • Awards Banking and Insurance Boss Member since 2007 PMT Lounge Addict Investments Idol
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #53 on: May 30, 2012, 02:37 PM »
  • Publish
  • but it doesn't mean you can't be financially secured by having a stable and well earning job. Especially if you are already an executive of a company with all the bonuses, health, retirement benefits that an average business cannot give you.
    I think the basic question here is.. Would you like to have financially security by working for others? Or having a business/investment working for you?

    Besides, is there's a stable job nowadays? Maybe 20 yrs ago that was applicable. Ngayon kasi due to technological advancement and globalization, the job market has shifted away from its long term tenure concept.

    Another thing, what if you become incapacitated to work as a high executive due to health issues or kahit ano pa? Would the "promise" of company benefits will salvage you? Di ba you will be a "liability" more than as an "asset" to the company ..

    But still the ultimate goal is financial security either thru business, investments, a successful career  or all of these, coupled with good money handling discipline.
    This is probably the best approach we can look on.. Having multiple sources for the security we want.
    « Last Edit: May 30, 2012, 02:48 PM by allanmm13 »
    Pinoy Cashflow-Financial Bootcamp in Dubai & Abu Dhabi Bootcamp Primer - CLICK HERE UAE - 0557235749, pinoyfinancialbootcamp@gmail.com

    Offline wiggy

    • Posting Whiz
    • **
    • Awards Member since 2009
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #54 on: May 30, 2012, 04:04 PM »
  • Publish
  • ^ Yes nothing is permanent, your health and even you business and investments. I think I forgot to define that for me being financially secure is always an on going process. You can stop and live with your passive income for a while but sooner or later you would need to make sure that it continues that way.

    For me given a choice between an executive position with all the perks and having an average income business, I'd still choose the executive position in this case, with the largest/fastest cashflow and more security in terms of health benefits and retirement plan. Financially secure? Yes, but only at that given time.

    Having a profitable and stable business that can cover all my expenses, financially secure? Yes, but only at that given time. Having a business IS hardwork. The moment na isipin ko I can now play golf all month long, like there's no cut-throat competion, that my people can handle everything na, my business is bound to fail na.
    Same scenario/discipline in handling investments, especially if you don't protect them from all the 'legal' hocus pocus nowadays.

    As an example, I have two uncles who were "financially secure", one was because of being a top rank executive, another was because of a booming business in the 90's. It was just unfortunate na sa isang 'source' of income lang sila nag rely.
    « Last Edit: May 30, 2012, 04:06 PM by wiggy »

    Offline bauer

    • VIP Member
    • *
    • Awards Member of the Month PMT Lounge Addict Banking and Insurance Boss Investments Idol PSE Stock Trader Real Estate Mogul Member since 2008 Stocks Superstar
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #55 on: May 30, 2012, 04:06 PM »
  • Publish
  • As an example, I have two uncles who were "financially secure", one was because of being a top rank executive, another was because of a booming business in the 90's. It was just unfortunate na sa isang 'source' of income lang sila nag rely.

    Why unfortunate? what happened?

    Offline wiggy

    • Posting Whiz
    • **
    • Awards Member since 2009
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #56 on: May 30, 2012, 04:23 PM »
  • Publish
  • * Executive uncle:

    He was really successful in climbing the corporate ladder. BIG bonuses, health plan for him and his family, occational vacation trips, provided by the company. Di kasya ang cars nila sa relatively big house nila. Yun nga lang when he retired (with a huge retirment pay), dun palang siya nag-isip mag business, unfortunately hindi pinalad ang business ventures.

    * Businessman uncle:

    A booming business in the 90's. If a regular employee works for 40 hours a week, he works for 50 hours. Business was great. Then huthutan siya ng mga corrupt government officials, hassle at bawas kita talaga. Until it came to a point that siguro for him the business structure was 'perfect' na, maybe it was na talaga. Eventually di na nag-evolve yung business and became outdated na.

    Offline bauer

    • VIP Member
    • *
    • Awards Member of the Month PMT Lounge Addict Banking and Insurance Boss Investments Idol PSE Stock Trader Real Estate Mogul Member since 2008 Stocks Superstar
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #57 on: May 30, 2012, 04:28 PM »
  • Publish
  • wiggy,

    what do you think is the best alternative to avoid the sad stories of your uncles?

    Offline wiggy

    • Posting Whiz
    • **
    • Awards Member since 2009
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #58 on: May 30, 2012, 04:42 PM »
  • Publish
  • I really do have high respect for them, but I'll say this as lesson learned nalang for me. Hoping it would work better for me.

    1. The best way to start a business (or investing) is while you still have a job/inheritance. Not when you're retired na, and its your last single bullet.

    2. Sabi nga sa business school: a business model must be forever be evolving with the market trends.

    3. Whatever opportunity you have at the moment, business or career, pagbutihan mo.

    4. Self-control in your spending habits (and vices) is important.

    5. Ang pinaka-importante: in everything you do ask for God's guidance.
    « Last Edit: May 30, 2012, 04:46 PM by wiggy »

    Offline bembmd

    • Newbie
    • *
    • Gender: Male
    • start-up tycoon
      • Awards
    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #59 on: Jun 14, 2012, 06:04 PM »
  • Publish
  • Yes, job security may be the best "first-step" sa ating mga pinoy, unless you have a rich family.

    I have a job for six days, working at home. Very plenty of time para humarap sa net at mag-research. My parents are also employees but we have small businesses that give us passive income.

    I also have a very good saving technique, I'm sure most of you know it but I modified some of it to fit my income. Right now I'm planning to start a small business of my own, so if I fail then I fail early and learn early.

    PMT Forum

    Re: JOB SECURITY VS. FINANCIAL SECURITY
    « Reply #59 on: Jun 14, 2012, 06:04 PM »
    * * * * * sponsored links * * * * *

     

    Related Topics

      Subject / Started by Replies Last post
    80 Replies
    15193 Views
    Last post Aug 07, 2012, 12:50 AM
    by DreamWalker
    515 Replies
    120257 Views
    Last post Oct 11, 2014, 06:36 AM
    by marydoll.sillacay
    6 Replies
    999 Views
    Last post Apr 14, 2009, 10:33 PM
    by agentshiny
    7 Replies
    1125 Views
    Last post Dec 06, 2010, 12:35 AM
    by sweet_cherry


    * Recent Topics

    * PMT Shoutbox

    Refresh History
    • pinay57: good day pmt member
      Oct 21, 2014, 06:00 AM
    • kiriyama: may problem COL ngaun? or saken lng?
      Oct 20, 2014, 07:50 AM
    • singkit_1588: EBOLA RED DAY....
      Oct 16, 2014, 11:14 AM
    • LifeWisher: guys need help... gusto ko itry yung virtual tycoon pero may error pag nag place na ng order "Microsoft OLE DB Provider for ODBC Drivers error '80004005'  [Microsoft][ODBC SQL Server Driver][SQL Server]Subquery returned more than 1 value. This is not permitted when the subquery follows =, !=, <, <= , >, >= or when the subquery is used as an expression.  /citisecquote2/VirtualTycoon/EnterOrder/e_OrderIndb.asp, line 99 "  paano ito?
      Oct 16, 2014, 08:47 AM
    • jmces: lol
      Oct 15, 2014, 03:14 PM
    • VeneurlArgent: aw ok salamat. akala ko pa naman hmm :party: :b_guitar:.. hehe
      Oct 15, 2014, 01:51 PM
    • jmces: 400% stock div
      Oct 15, 2014, 01:49 PM
    • jmces: ex date kahapon
      Oct 15, 2014, 01:49 PM
    • VeneurlArgent: anong nangyari sa DMC from 80 bumagsak to 15 petot?
      Oct 15, 2014, 01:35 PM
    • e_win: may ibabagsak pa ba to
      Oct 14, 2014, 03:39 PM
    • bajoyjoy: I'm extending invitation to all PMT pipol, in case meron pong interested sainyo : [link]
      Oct 14, 2014, 12:11 PM
    • jmces: no more ammo :D
      Oct 14, 2014, 10:19 AM
    • singkit_1588: buy buy buy???
      Oct 14, 2014, 09:42 AM
    • jmces: be greedy when everyone else is fearful :D
      Oct 14, 2014, 08:45 AM
    • expatsasg: http://www.marketwatch.com/story/this-is-the-most-dangerous-stock-market-since-2008-2014-10-13?mod=MW_story_top_stories
      Oct 14, 2014, 02:22 AM
    • jmces: sale dmc bukas :D
      Oct 13, 2014, 04:38 PM
    • jmces: need more ammo
      Oct 13, 2014, 04:37 PM
    • OMG.27: bull is now out in the window...hahahahaha...
      Oct 13, 2014, 04:21 PM
    • Wills: I love this month!! Haha
      Oct 13, 2014, 03:49 PM
    • jmces: bot addtl agi :D
      Oct 13, 2014, 02:58 PM
    • singkit_1588: SELL OFF?? :(
      Oct 13, 2014, 02:06 PM
    • kAMi: :)
      Oct 13, 2014, 01:38 AM
    • francesdeniel: hi!
      Oct 13, 2014, 12:53 AM
    • OMG.27: waaaaa..............
      Oct 12, 2014, 06:24 PM
    • danyan2001us: regards from australia
      Oct 11, 2014, 11:42 AM
    • regor: Abandon Ship..
      Oct 10, 2014, 09:42 AM
    • gracepadz: hai poh. Im doing a research paper poh for my masters degree. please help nyo po aqoh
      Oct 08, 2014, 05:48 PM
    • gracepadz: Anyone here can give me an idea on building a training center which is TESDA accredited?
      Oct 08, 2014, 05:46 PM
    • sj.unite: @agapanthus anong facebook group yung nilipatan nila?
      Oct 08, 2014, 02:33 PM
    • TrulyRichAtty: Ako, when I check my stock portfolio and giving me all green! Unrealized gains keep on increasing...
      Oct 08, 2014, 11:18 AM
    • TrulyRichAtty: Let's keep this forum alive!
      Oct 08, 2014, 11:17 AM
    • TrulyRichAtty: What's keeping you excited when you wake up?
      Oct 08, 2014, 11:17 AM
    • Homeboy: hi guys! welcome sa PMT!
      Oct 07, 2014, 01:36 PM
    • imkreisha: hi
      Oct 07, 2014, 01:22 PM
    • dhie221: Hi im new here
      Oct 07, 2014, 01:18 PM
    • e_win: nag meg na ko, kaso downtrnend ngayon Oct.hehe
      Oct 07, 2014, 11:31 AM
    • agapanthus: kaya tahimik na kasi naglipatan na sila sa Facebook
      Oct 03, 2014, 11:22 PM
    • b0y3t2014: Hi guys. i would like to seek an assistance entering the business "Stock Market" - sino po b pede makatulong sakin
      Oct 03, 2014, 03:50 PM
    • b0y3t2014: hi
      Oct 03, 2014, 03:49 PM
    • TrulyRichAtty: russel_18: need ko ng advise nyo, my nagsasanla ng apartment isang flr. sa amin, nakita ko na yung unit pero natatakot ako bka mapaloko ako, ano pong pwde kong gawin pra maback ground check ko kung malinis ang pagsasanla ng may ari. Thank you. ANS:check with ROD if ung title e mortgaged n s iba thru anotation s title mismo
      Oct 03, 2014, 02:28 PM
    • TrulyRichAtty: e_win: ok ba MEG ngayon? yes
      Oct 03, 2014, 02:24 PM
    • jmces: dmc exdate oct 14
      Oct 03, 2014, 11:48 AM
    • regor: Pula pa din kaya?
      Oct 03, 2014, 09:04 AM
    • sj.unite: Ang tahimik na ng forum.
      Oct 02, 2014, 10:32 AM
    • Terzaghi: TEL or GLO? hmmm...
      Sep 30, 2014, 11:54 AM
    • Terzaghi: EDC...i like :)
      Sep 30, 2014, 11:53 AM
    • marydoll.sillacay: hi to all .. nakakalog in  ba kayo sa sss online ?
      Sep 30, 2014, 11:06 AM
    • patrickdiamante: Anu magandang tsupit ngaun mga sir??
      Sep 30, 2014, 10:48 AM
    • e_win: ok ba MEG ngayon
      Sep 30, 2014, 09:58 AM
    • TulogSaPancitan: GLO baba ka pa ng konti and I will give in to your teasing. Ayoko muna sa TEL. Pricey pa ang valuation.
      Sep 30, 2014, 04:22 AM
     
     
    Welcome, Guest. Please login or register.
    Did you miss your activation email?

    * Must-Read Topics!

    * Active Posters Today

    mackygoof
    2 Posts
    ph1l1p
    2 Posts
    phreyesj23 phreyesj23
    1 Posts
    eischied_21
    1 Posts
    pinoydaddy1969
    1 Posts
    bauer
    1 Posts
    amliw
    1 Posts
    masterpachu
    1 Posts
    pulubing_palaboy
    1 Posts
    xtian19
    1 Posts

    * Vote in this Poll Now!

    • How much is your monthly income?
    • Dot Less than PHP 10,000
    • 15 (3%)
    • Dot PHP 10,000 to 25,000
    • 75 (19%)
    • Dot PHP 25,001 to 50,000
    • 78 (20%)
    • Dot PHP 50,001 to 75,000
    • 43 (11%)
    • Dot PHP 75,001 to 100,000
    • 34 (9%)
    • Dot More than PHP 100,000
    • 132 (35%)
    • Total Members Voted: 374
    • View Topic

    * PinoyMoneyTalk.com

    * SPAM-free PMT!

    Help clean up the PMT Forum by reporting spam posts, troll messages, PM solicitation, or any other problem posts or members! Click the "Report to moderator" link at the bottom of every post.
    BloQcs design by Bloc
    SMF 2.0.4 | SMF © 2013, Simple Machines
    SMFAds for Free Forums
    SimplePortal 2.3.5 © 2008-2012, SimplePortal