Welcome, Guest. Please login or register.
Did you miss your activation email?

Author Topic: JOB SECURITY VS. FINANCIAL SECURITY  (Read 10388 times)

0 Members and 1 Guest are viewing this topic.

Offline perapera

  • Associate Member
  • *
  • Posts: 86
  • Thanks Received: 0
JOB SECURITY VS. FINANCIAL SECURITY
« on: Jun 03, 2011, 10:35 AM »
Advertisement
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?
opportunities are never lost...
some will take the ones you miss...

Offline switchiz

  • Posting Whiz
  • *
  • Posts: 267
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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 »
Sun Life Financial Advisor - Authorized by the Insurance Commission to act as an Insurance Agent, Licensed Certified Investment Solicitor
09299643337 / 09150916585 - Mutual Funds / VUL / Insurance

Offline artsky

  • Associate Member
  • *
  • Posts: 89
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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.
Wealth is rarely an accident

Offline allanmm13

  • Forum Champion
  • *
  • Posts: 950
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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. 
Pinoy Cashflow-Financial Bootcamp in Dubai & Abu Dhabi Bootcamp Primer - CLICK HERE UAE - 0557235749, pinoyfinancialbootcamp@gmail.com

Offline switchiz

  • Posting Whiz
  • *
  • Posts: 267
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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 »
Sun Life Financial Advisor - Authorized by the Insurance Commission to act as an Insurance Agent, Licensed Certified Investment Solicitor
09299643337 / 09150916585 - Mutual Funds / VUL / Insurance

Offline perapera

  • Associate Member
  • *
  • Posts: 86
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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?
opportunities are never lost...
some will take the ones you miss...

Offline switchiz

  • Posting Whiz
  • *
  • Posts: 267
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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 »
Sun Life Financial Advisor - Authorized by the Insurance Commission to act as an Insurance Agent, Licensed Certified Investment Solicitor
09299643337 / 09150916585 - Mutual Funds / VUL / Insurance

Offline disturbed

  • Posting Specialist
  • *
  • Posts: 378
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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

Offline perapera

  • Associate Member
  • *
  • Posts: 86
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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?
opportunities are never lost...
some will take the ones you miss...

Offline switchiz

  • Posting Whiz
  • *
  • Posts: 267
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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 »
Sun Life Financial Advisor - Authorized by the Insurance Commission to act as an Insurance Agent, Licensed Certified Investment Solicitor
09299643337 / 09150916585 - Mutual Funds / VUL / Insurance

Offline allanmm13

  • Forum Champion
  • *
  • Posts: 950
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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)
Pinoy Cashflow-Financial Bootcamp in Dubai & Abu Dhabi Bootcamp Primer - CLICK HERE UAE - 0557235749, pinoyfinancialbootcamp@gmail.com

Offline puberer

  • PMT Hero
  • *
  • Posts: 1,596
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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. 

Hindi ko maipapangako sayo ang magandang buhay, pero ang magandang lahi tiyak ko.   Hindi ko masisiguro na mababayaran ka nila, pero ang bayaran kita, tiyak ko.  Pag may problema, deadma ka na.

Offline ferrariEverest

  • VIP 5500
  • *
  • Posts: 5,597
  • Thanks Received: 3
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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.
What would you attempt to do if you knew you could not fail? - Robert Schuller Don't limit your challenges - challenge your limits.

Offline disturbed

  • Posting Specialist
  • *
  • Posts: 378
  • Thanks Received: 0
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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.

Offline Bp22estafa

  • PMT Jedi
  • *
  • Posts: 1,274
  • Thanks Received: 1
Re: JOB SECURITY VS. FINANCIAL SECURITY
« 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 »

 


PMT Shoutbox

Refresh History
  • mark_Lee: hi im back
    May 22, 2017, 01:51 AM
  • aleishamae: hello everyone! newbie here.
    May 17, 2017, 05:25 PM
  • abdulmuiz141911: can someone help me register sa PSE?
    May 16, 2017, 01:36 PM
  • abdulmuiz141911: greetings of peace mga igan...
    May 16, 2017, 01:35 PM
  • supermom88: Hi there. I'm new in this forum. Good day to all of you.
    May 16, 2017, 07:04 AM
  • Tonisj: May nakakaalam ba dito supplier ng mga gadgets? Balak ko Kasi mag online selling. Thanks
    May 10, 2017, 11:24 AM
  • junedarellhausa: bago lang ako.. how to funds my paypal?
    May 09, 2017, 04:29 PM
  • docg: The position has been filled
    May 08, 2017, 12:52 PM
  • docg: Hello all, am looking for guest speakers for a personal finance event, organized by a student organization, please pm me for more info.
    May 07, 2017, 08:16 PM
  • icycool: So ano po online business nyo ngayon?
    May 05, 2017, 08:19 PM
  • LailanaeSu: New bee pano mag advertise dito?
    May 01, 2017, 03:48 PM
  • iamhilton: hello to all : ) If any question regarding online business i'll do my best para masagot yan : )
    Apr 30, 2017, 03:23 PM
  • allydelacruz: Hi newbie here, baka po may gusto magpasupply sa inyo ng bigas at seafoods dyan, from Obnado, Bulacan po ako.
    Apr 23, 2017, 03:07 PM
  • marison: Hello ..newbie here baka may alam kayo buyer ng lobster madami po kami stock
    Apr 20, 2017, 11:07 PM
  • chloe: hello po ask ko lng if ano proseso n dapat gwin pag transfer ng name sa pag ibig if si 1st owner ay ayaw n i continue ang monthly amprtization nya at si 2nd owner n ang mag cocontiniue need p po b ipa change name agad.?
    Apr 20, 2017, 04:20 AM
  • SiPoorMan: i suggest go to proper forum with regards on your concern Mperalejo
    Apr 19, 2017, 07:21 PM
  • MPeralejo: Is there regulatory body i can contact to complain about SMDC turn over after the company received my full payment
    Apr 18, 2017, 03:09 AM
  • MPeralejo: Very bad management service. I purchase unit in the 18th floor with expected turn over on 4/2016 which was delayed until 2017. I was told that the balance has to be paid off before turn over in January 2017 and paid the balance in full 3/9/17 with request to expedite. The same with my mother in-law's unit at 15th floor which was paid 2 weeks before mine. Until now, they will not turn over the unit and can only provide excuses that the engineering dept. is working on it. My aunt who is our representative/interior designer only has till May 14th to stay in the Philippines to get the units ready for my vacation in Jun 1st but they are now telling me that the turn over will be May 22, 2017 plus 1 week. They have receive our money since 3/9 and my mother in-laws in February, yet they want more than 3 months to turn over. By then, i am out of representative/interior designer that I would have to hire another and not only that, my family and I will not have a place to stay on our vacation therefore, i would need to rent elsewhere. SMDC is not willing to cover my losses nor do they know the meaning of "EXPEDITE". This company is a scam! They want your money and not willing to deliver on time. Is the government not regulating this kind of SCAM! I would rather receive a full refund than deal with this company. Don't buy from SMDC. It will be a nightmare for you!
    Apr 18, 2017, 03:08 AM
  • MPeralejo: Is there a complaint dept for SMDC?
    Apr 18, 2017, 03:07 AM
  • jfitz: Hi everyone! Newbie lang ako pero looking forward to learn personal finance :)
    Apr 17, 2017, 07:14 PM
  • mmel: :hello:
    Apr 13, 2017, 05:15 PM
  • edjr.foro: hi everyone! magshare din ako experience sa small business.
    Apr 10, 2017, 05:16 PM
  • mmel: :hello: :hello: :hello:
    Apr 05, 2017, 05:46 PM
  • anicaxia: Newbie here ✋
    Apr 02, 2017, 09:26 AM
  • jerinaciline: Hahalo
    Mar 30, 2017, 04:37 PM
  • geysanchezp: hi po. sino po kaya may alam ng patahian ng maramihang blouse yung mura lang po ang singil. salamat
    Mar 30, 2017, 10:32 AM
  • freakyserious: hi anyone who knows a supplier of c2s paper in rolls (hindi by ream). thanks!
    Mar 28, 2017, 05:45 AM
  • linmark16: hello po tanong ko lng kung anong magadang pagkakitaan online..
    Mar 25, 2017, 12:07 AM
  • Speedrace2380: Hi,,,isa po ako ofw dito sa saudi arabia,,,sino po may alam sa import export,,,
    Mar 22, 2017, 01:17 AM
  • xpp9392: hi im looking to borrow money please message me
    Mar 18, 2017, 07:32 PM
  • miembrolang: good day po... pahingi po ng link kung saan makikita step by step ng Pag-Ibig housing Loan lalo na ung tungkol sa Notice of Approval. tnx
    Mar 17, 2017, 04:44 PM
  • aiaicamps: hello po..im new user here.,,looking for an ukay ukay supplier,..thanks po..
    Mar 16, 2017, 01:05 PM
  • Markreen: HOw mgstart dto
    Mar 16, 2017, 11:44 AM
  • trepur10: wala rin akong alam :)
    Mar 16, 2017, 06:51 AM
  • Delna: hi im new
    Mar 12, 2017, 07:26 PM
  • Moniika: Paano  ba to  ? Haha
    Mar 12, 2017, 02:05 PM
  • Moniika: Hi guys
    Mar 12, 2017, 02:01 PM
  • Nhedz: Hi po. Newbie here
    Mar 12, 2017, 07:07 AM
  • dylanreggie: hi newbie here
    Mar 11, 2017, 05:58 PM
  • dhondiex27: Morning
    Mar 10, 2017, 08:55 AM
  • dodido1: good morning
    Mar 09, 2017, 06:21 AM
  • johnren110190: hi any tnt ofw in japan? nandito ako ngaun sa japan pero gusto ko mag tnt ang liit kc ng sahod ko legal ako pumasok pero mliit sahod pero ang trabho halos patayan kc construction.baka may pede jn makausap na tnt dto sa japan. salamat
    Mar 06, 2017, 10:25 AM
  • vicentecarandang: Hello everyone,, newbie for some business involvement...Hope to meet lots of investors..
    Mar 05, 2017, 06:10 PM
  • JustChris: hello everyone.. newbie here.  hope to get tips po for investing salamat
    Mar 05, 2017, 05:01 PM
  • Aldrine22: may alam kayo foreclosed house around laguna?super thanks sa sasagot
    Mar 03, 2017, 11:51 AM
  • magpayo.mattew: San po pala pwede iligay ang paypal ko dito? Di ko po makita
    Mar 01, 2017, 08:33 PM
  • magpayo.mattew: Hi newbie lang po
    Mar 01, 2017, 08:30 PM
  • Sacegirl: hello po! bago lang po ako. sana matulungan nyo ako. thanks!
    Mar 01, 2017, 01:40 PM
  • cess245: hello
    Mar 01, 2017, 01:26 PM
  • eme_eme: hello
    Feb 28, 2017, 08:34 PM