Sunday, November 11, 2007

Don't fall into the one income stream trap!

Hi Everyone,

Most people reading this blog have only one income stream and they will call it job "security." This is the worst attitude to have when it comes to protecting you and your family's well-being. With one small swoop - you're income STOPS my friend!


















The truth of the matter is the smartest people financially have multiple streams of income.













Here are the facts...
- Your company could go bankrupt anytime and throw you out on the street!
- You likely not as "loved" as you think!
- Someone is always gutting for your position!
- Your boss who loved and protected you could be fired or forced out tomorrow!
- Some "so-called" manager may determine you have a poor attitude and toss you on out on your rear!
- That same "so-called" manager may never "anoint" you to the next level because of their own insecurities!
- Your company's "so-called" ivy league, big wig executives may be robbing the company blind!
- You may raise a negative issue and be considered "too negative" to be on the team!
- Your company may have a "moonlighting" rule which is meant for one reason only...to keep you down!
- Your organization could be bought up!
- The same people who were once your "so-called" friends will be having a security guard walk you out on your last day like some hardened criminal!
- You likely have a co-worker in the shadows that wants to make a name for themselves by turning others like yourself in!
- Like it or not, for some unforeseen reason, you will likely be the target of some political B.S. at some point in your career! (Yes that means you too Wonderboy!)

The list goes on and on!

So always ask yourself...
- Do I have a financial contingency plan?
- What will I do if I lose my "so-called" secure job?
- Is having one income really that smart and secure?
- How can I generate additional income streams?

This is a great start.

Remember, NOBODY will ever take care of you like you will. When push comes to shove, your coworkers, colleagues, and bosses will likely throw you under the bus to protect themselves. I didn't write this rule, it's just an unfortunate reality everyone in the employment world has to live with. And I'm sure you all know people who have been a part of this on one side or another. Maybe it was you!

Case in point --- Some years ago I worked for a "so-called" perfect organization that preached all these morals and other company catchphrases like having fun on the job, feeling empowered, and other company "rah" "rah" "sis" "boom" "bah" talk. I decided I wanted to make more money and went looking for a new job. What happened? An HR rep found out I was looking and reported it to one of my bosses. The result - I was subtly forced out! Forced out by people who pretended to be my friends, talked great to my face, told me how wonderful I was, and how good a job I was doing. So much for waiting 50 years for the gold-plated banana - oops I meant watch!

Keep one thing in mind. I'm not complaining. I'm simply trying to make a point that "no" job is secure. NOT EVEN YOURS! And if you think it is...you need this blog more than anyone.

Welcome to reality!

If you have an employment horror story you'd like to share, please post it as a comment to this blog or e-mail it to me (with permission to post) at contact@peterwink.com.

Until next time...
Peter
http://www.peterwink.com/

PS...To get a copy of my bestselling book "Negotiate Your Way to Riches" - please click here.

PPS...To get a copy of my bestselling audio CD program "Negotiate Your Way to Riches" please click here!

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