Are You Prepared For The Future
The world around us is changing – are you prepared for the future? Have you given it any thought, or do you think you will be “okay”. Listen to the words from an Aesop’s Fable.
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The Ant and the Grasshopper
In a field one summer’s day a Grasshopper was hopping about, chirping and singing to its heart’s content. An Ant passed by, bearing along with great toil an ear of corn he was taking to the nest.
“Why not come and chat with me,” said the Grasshopper, “instead of toiling and moiling in that way?”
“I am helping to lay up food for the winter,” said the Ant, “and recommend you to do the same.”
“Why bother about winter?” said the Grasshopper; we have got plenty of food at present.” But the Ant went on its way and continued its toil. When the winter came the Grasshopper had no food and found itself dying of hunger, while it saw the ants distributing every day corn and grain from the stores they had collected in the summer. Then the Grasshopper knew:
It is best to prepare for the days of necessity.
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It should be relatively eask to determine if you are an ant or a grasshopper. Are you planning for and anticipating what the future may bring, and know it will be up to you to determine what it will hold for you? Or do you feel the government or someone else will take care of things if you haven’t planned or acted appropriately?
Some of you “ants” will say “I’ve got a good job, so I’ll be okay”. That may be true today, but what about down the road. I’ve worked in both the public and private sector – yet when I no longer worked there, I didn’t get any more paychecks. Unfortunately, no one is exempt from economic conditions determining how long they hold that job regardless how important their contributions are to the company. So let me ask again, if you lost your job – will you still be “okay”?
In this post, I am suggesting to be prepared for the future, one should have a Plan B. Something which you can fall back upon should something change with your present position. The best time to consider and pursue a Plan B is while you are still employed. No longer will I find myself depending upon one single income stream. No, I am working with multiple opportunities which each can either contribute to or replace the earnings I had when I was working a job. Let’s look at it this way – which is a more risky investment – a single stock or a mutual fund? You could say “it depends”, but for the most part a single stock is a more risky investment than a balanced mutual fund. Just to be clear – having only a job is like having a single stock – it can go up, go down, or even go away. However, having that same job, along with some other opportunities you are working, will provide more stability in a changing world.
To be best prepared for the future, my recommendation is to consider a Plan B that you can work with, and look for different opportunities to generate income should something change with your current job.