Like my parents always told me, and like I tell my son, and
everyone else I talk to, don’t be caught in life without a Plan B.
What is your Plan B?
A Plan B can be defined as a blueprint that will give you options
or alternatives when your original plan is not working. The object
of having a Plan B is to have something to fall back on in case the
first thing you try doesn’t succeed. As business owners and
investors, we always have an exit strategy when we negotiate a deal
or buy a piece of property. We also use this strategy in our
professional lives.
I recently read an article in The New York Times about five people
over 50 who took chances and reinvented their careers. The article
titled “Over 50, and Under No Illusions” http://www.nytimes.com/2013/01/13/business/how-5-older-workers-saw-a-chance-to-remake-their-careers.html?pagewanted=all) describes how these people who
were too young to retire and too old to start over changed their
lives by having a Plan B. You see, the world has changed. The
economy has changed. No more can you rely on a job to take care of
your needs, to support your family, and to see you through until
retirement. The old model of going to school, getting a job and
working for 40 years is a thing of the past for most of us. Our
system of Social Security is struggling to stay alive. Big
companies aren’t taking care of their employees anymore. There
aren’t any pensions. In addition, corporations are shipping jobs to
places where they can get cheap labor, pay no benefits, and
maximize their profits.
In addition, those of you who are fortunate enough to have decent
paying jobs with benefits, often find that you are squeezed between
taking care of your children who can’t find employment and perhaps
having to take care of your aging parents who are struggling to
make ends meet. So you see having a Plan B should not be an option
in today’s economy. It is a necessity!
This might sound like a lot of doom and gloom. But this could be a
good thing. Never at any other time in history has it been better
to become an investor or business owner. More millionaires have
been made during this recession then at any other time in history.
The power of the Internet has brought the power of entrepreneurship
down to the people. Goods and services are being sold 24/7 on a
global scale. Why aren’t more people seeing this opportunity and
doing this?
At the Book On Investing, www.thebookoninvesting.com we believe that people
should have a Plan B in order to survive in this economy. We
believe that your Plan B should consist of investing in real
estate, developing and buying businesses, etc. Let us work with you
on your Plan B and show you how we are helping our clients create
the life of their dreams by investing in a Plan B.
Join us as we explore Plan B options for you. Contact us at
dexter@thebookoninvesting.com.
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