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JOB SECURITY VS. FINANCIAL SECURITY

perapera · 60 · 12637

perapera

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on: Jun 03, 2011, 10:35 AM
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?


switchiz

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Reply #1 on: Jun 03, 2011, 12:02 PM
Quote from: http://www.getrichslowly.org/blog/2007/10/16/what-is-financial-security/
financially secure — to never have to worry about money.

Sa Financial security palang eh, NEVER ka nagwoworry even if nawalan ka ng trabaho or any circumstances na may kinalaman sa pera. Siyempre doon na ako.

Job security is only important for those who aren't financially secure.
« Last Edit: Jun 03, 2011, 12:04 PM by switchiz »


artsky

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Reply #2 on: Jun 03, 2011, 12:07 PM
Job security coupled with regular investments. Until such time that my investments will fuel most of my expenses, I will definitely quit my job and enjoy life.


allanmm13

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Reply #3 on: Jun 03, 2011, 12:45 PM
Job security is only important for those who aren't financially secure.

Most of us were not born as child of a Henry Sy or Zobel de Ayala. So by default, financial security is not a default mode for many of us.

Either you have job now or a small business, find means to have a better shot to have a financial security.

A job may be obsolete, because of changing technology, do we still remember the PLDT call operators in 90s?
What happen to them after they were axed from their job?
Taking from an PROACTIVE perspective, either my job, personally, as an engineer may become obsolete or not in the future, do I prepare for a Plan B?

Plan B can be keep on saving/investing for the inevitable future, developing investing skills, opening up a business while still in active job, learning new stuff to keep myself marketable.

If you dont have any Plan B in life especially if you have a JOB only as a means, man, you are making yourself obsolete. 


switchiz

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Reply #4 on: Jun 03, 2011, 02:03 PM
^-- exactly. That is why Job Security is important for those who are not financially secure.

In a nutshell, people who aren't financially secure NEED a job. Financially secure people
DON't NEED a job
« Last Edit: Jun 03, 2011, 02:07 PM by switchiz »


perapera

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Reply #5 on: Jun 03, 2011, 02:10 PM
You mean someone really NEEDS a job if he is not financially secure?

Is JOB the only thing that comes to your mind as a solution to become financially free?


switchiz

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Reply #6 on: Jun 03, 2011, 02:24 PM
You mean someone really NEEDS a job if he is not financially secure?

Is JOB the only thing that comes to your mind as a solution to become financially free?

Yes. Those who aspire to have a business, they need money to create a business. while doing that they need a source of income(having a job === (sell your products and/or services)).

I disagree with using OPM(and starting from zero) since you need to have some net worth para makautang sa bangko.. for the capacity to pay.

Everyone starts at something. You cannot have zero(0). You either had friends, parents who helped  in the start(OPM).

And that's everyone except:

1. for people who won the lottery(and was financially educated)
2. for people who had (rich?)parents(paris hilton, etc) - at least some help financially
3. for people who had (rich?) friends(wife, friends, classmates) - at least some help financially
« Last Edit: Jun 03, 2011, 03:04 PM by switchiz »


disturbed

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Reply #7 on: Jun 03, 2011, 02:39 PM
I for one needs a job to be financially free in the future (hopefully)..most of us have no choice btw..job is the only way to make money..same perspective with allan and switchiz


perapera

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Reply #8 on: Jun 03, 2011, 03:22 PM
I for one needs a job to be financially free in the future (hopefully)..most of us have no choice btw..job is the only way to make money..same perspective with allan and switchiz

So your up to Job Security?

Job Security means having a job is the only way for you to earn money. After graduating from high school or college, your first choice is to have a job. Because you believe that having a job with good pay and good benefits is a very smart thing to do. And then when you get old, the company will take care of your retirement. You feel that having a high-paying job makes you feel safe and secure.

Still cling to job security?


switchiz

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Reply #9 on: Jun 03, 2011, 03:27 PM
Edit: sorry. I thought the question was pointed to me.

I work in a company right now. I also work on creating a few businesses on the side. Two of which have failed. One passive income that is generating some money. I am creating another one right now.

I cling to a job to fund my (still starting) business which I am doing on the side.

My ultimate plan is stop working on other peoples businesses and to focus working on my business.
« Last Edit: Jun 03, 2011, 04:05 PM by switchiz »


allanmm13

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Reply #10 on: Jun 03, 2011, 04:02 PM
Still cling to job security?

The best approach probably is cling to your job, maximize your earnings, minimize expense and develop a strategy to get a financial security on the long term.

Better have one (job) in short term than nothing at all (job and financial security)


puberer

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Reply #11 on: Jun 03, 2011, 04:36 PM
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?

I want financial security wherein I have businesses that earn big profit. 



ferrariEverest

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Reply #12 on: Jun 03, 2011, 04:39 PM
Job security has never been attractive to me.
if u love your life, your family & want freedom... financial security (financial freedom) is the best way to go.


disturbed

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Reply #13 on: Jun 03, 2011, 05:06 PM
So your up to Job Security?

Job Security means having a job is the only way for you to earn money. After graduating from high school or college, your first choice is to have a job. Because you believe that having a job with good pay and good benefits is a very smart thing to do. And then when you get old, the company will take care of your retirement. You feel that having a high-paying job makes you feel safe and secure.

Still cling to job security?

If that is the whole meaning of job security..then no..I cling to my job to finance my investments.


Bp22estafa

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Reply #14 on: Jun 03, 2011, 08:15 PM
the dead are financially secure plus they don't have any expenses to worry about, their job is easy, to lie down there & stay dead. so easy  :hihi:

in this case, i will have to choose job security even a job as a security guard. i'll take it!

Post Merge: Jun 03, 2011, 09:33 PM
on a serious note. who wouldn't want financial security? but unless you can live by just by interest alone, i'd say unless you wanted to become obsolutely useless, cling on to your job with your dear life.

I know someone whose holding a managerial position, making about 100k basic pay, earning at minimum 200k monthly incentive thru gross sales & is given a 5% stake in their companies profit sharing even though he is not a stockholder, free trip of his choice with his family which is also convertible into cash. new car below 2M every 2 years ,free on rent, fuel, phone, food, goodtime as part of his representation allowance. i never see him complaining, never!

so what's the number? how much is the minimum for one to be considered financially secured? is 50M enough? how about 100?
« Last Edit: Jun 03, 2011, 09:43 PM by Bp22estafa »


 


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