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Bankruptcy InformationAchieving Fiscal Safety in an Unreliable Economy
by:
Shannon Lavenia
Copyright 2005 Applied scientist Lavenia
Financial Safety is a false conception that developed in American society based on the idea that safety comes from the perceived dependability of a regular or planned paycheck. Galore people, basic cognitive process
in the commitment of their corporations to their well-being, have found themselves downsized, layed-off, outsourced, transferred, or, in several cases, even as fired. The immediate reality becomes gratingly apparent and sadly disappointing.
The bottom line is that Corporate America wish always be focused on the bottom line. As a dependent corporate employee, you are subject to the whims of the corporation. You have perfectly no control over how more you earn, wherever
you work, the longevity and dependability of your income, or your position. You are just a number. At any given moment, several unidentified pencil-pushing number-cruncher, can hold that you are no longer an plus to the institution and, rather, have become a liability. At any given moment, it can be deemed that you no longer factor into the profitableness of the corporation - and your OUT. They don't care if you have a mortgage to pay, 3 kids in college or a new shiny car with a hefty payment. They don't care that you've come in early for the last 9 years or given 20 years of your life to them. The bottom line is that you don't effect the bottom line in a positive way...so you're OUT.
Corporations no longer hold value in worker
commitment or dedication. Each day, companies are choosing to cut price by outsourcing to less big-ticket countries with cheaper labor, downsize, and reduce price by eliminating cost of living increases, benefits and retirement guarantees. Recently, the media has been focusing on the deliberate actions of corporations that cost employees each year. The Christian Science Monitor, on Gregorian calendar month 7th, 2005, featured an article, “Workers Face Paycheck Pinch”. In the article, the author, Mark Trumbell, details the lag of Corporate America to maintain pay increases with inflation:
"For all its strength, the current economic expansion is not boosting the American worker's paycheck. Wages have been rising nominally: Average pay rose 8 cents last month to $16.27 an hour, according to a government report Friday. That's not fast enough to counter inflation.
By one common measure, average pay for an hour's activity has less buying power than it had four years ago - once
the current growth cycle began. It's a pattern of weak wage growth that's now several years old, but the trend has worsened in recent months. Wages for the most recent quarter were 2.3 percentage lower, after inflation, than workers received a year before"
Time Magazine recently featured an article entitled “Broken Promises”
"It was part of the American Dream, a pledge ready-made by corporations to their workers: for your decades of toil, you wish be assured retirement benefits like a pension and health care. Now more and more companies are walking away from that promise, departure millions of Americans at risk of an impoverished retirement."
"Corporate promises are often not worth the paper they're written
on. Businesses in one industry after another are revoking long-standing commitments to workers." (Bartlett and Steele, Gregorian calendar month 31, 2005, p. 32-33)
So, how do you accomplish Fiscal Safety in this ever-changing worldwide economy? Employers aren't even as keeping up with inflation and are doing everything in their power to reduce benefits and retirement income. The days of being rewarded for loyalty to corporations are long gone – it’s now every person for themselves. In addition, loop holes in corporate law change companies to restructure, file bankruptcy and maneuver their way out of promises to employers to provide benefits.
In reality, true Fiscal Safety is belief in yourself and your ability to instinctively create financial gain
for yourself at any time, anywhere. Entrepreneurs understand true Fiscal Security. They’re self-reliant, creative, independent and resolution focused. We cognize that at any given time, regardless of the economy, trends, timing, etc. that we have the skills, know-how, and guts to create our life. Entrepreneurs refuse to be dependent on or subject to the whims or decisions of corporate America, rather establishing themselves as corporations, producing their own incomes through commitment, service and sheer motivation. We are responsible for our own retirements and count on the promises of no one. Entrepreneurs ARE fiscal safety and as such we reap the rewards.
There are galore opportunities for folk to become booming entrepreneurs. Thousands of folk have ready-made fortunes on the computer network alone. Decide what type of business you want, what your ultimate goal is (time, money, leisure, etc) and go from there. A common idea is that businesses take thousands of dollars to start. It is true of some, but there are galore moneymaking opportunities accessible for nominal start-up costs. Once you do the decision to be self-employed, do your research, find the right business for you and come forward from there.
Just about the author:
Applied scientist Lavenia is a premier trainer and business pedagogue in the field of wealth creation, entrepreneurism, and computer network marketing. She can be contacted at http://www.trueprosperitynow.comor 800.303.2580.
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