Monday, October 13, 2008

Is it still Practical to Depend on Your Employment alone today?


By NiceGoodSpeed

Our school system promotes us to be employees after graduation. Actually there’s a famous tag line from a school here in the Philippines, and says something like this, “Enroll now and be employed later.” So no wonder, there’s a lot of working employees here in this country compared to employers.

According to Robert Kiyosaki, nowadays it’s not practical to depend on our pension after we retire. Why? He said if the baby boomers will withdraw all the money when they retire, millions, billions or even trillions will be cash out, and the market will most likely crash. If the market is unstable nowadays, and the teachers are having a hard time withdrawing their money in GSIS, how much more by the time you retire. The answer to this issue is to try shifting to business and investments as early as today. There are seminars, books, and groups who are willing to guide you along the way but ofcourse the choice is yours.

They said, if the country has a lot of businesses, it really helps the economy. One example is Singapore, most citizens where trained to be business-minded therefore today they’re just small in land area but they are marked as first-world country.

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