The future of work is not Job security but Income security. The ability to earn income regardless of the absence of salary. Work as we know it today will be different post COVID 19. There will be downsizing, salary slashes, layoff and so on. The truth is the insecurity of the job Market has tripled. If you are still holding on to your job congratulations but not for too long. While we pray that nothing bad happens to your job, we cannot rule out the possibility of it happening someday. No one can control the insecurity in the job market. Your employers can’t, neither can the government, and here is why. Job security is not in the hands of your Employer. Job security is in the hands of consumers. When consumers patronize businesses, organizations make money and are able to keep jobs intact. But when consumers are scared to spend and hoard money. Organizations must trim down jobs to stay alive. The only way to protect yourself is to secure the one thing that makes a Job important to you. Your Income. The New Job security is thus now about living a life that is funded by income outside an unstable salary. This is important because a job is simply a short-term solution to the long-term problem of income. While every human being needs income throughout life a Job can only provide income for half of life. So rather than pursue Job security which is temporary. Smart employees invest their active career years creating a permanent source of income outside salary. They create the kind of income that does not require ongoing work to thrive. These are the only type of employees that will survive the trimming scissors of a job cut.

So, how then can employees create income that lasts throughout life?

To create lasting income employees must do three things. First, they must increase their savings ability. Second, they must create new sources of income within their Organization. And third, they must create their own independent Income Plan. Below I explain each of this point in detail

The first is to increase savings ability. To create income that is free from job loss employees need a sizable savings reserve. The average employee saves 10-20% of their salary. This kind of sluggish savings will only extend employees' stress and struggle time. The most successful employees that fund their lives from passive income save 50-60% of their salary. They are able to exit the corporate world in their youth and achieve financial stability at a young age. To create income that stands the test of time employees must push their savings beyond the 10 -20% average and here is why. It takes 10years for employees to save 12 months of their current salary as an emergency fund at a 10% savings rate. How many more ten years do employees have to achieve other important goals in their lives? Approaching savings with a lazy attitude is getting rich never. Without the discipline and commitment to save above average, financial freedom is out of reach for employees. This is why it is hard to find employees that can thrive outside their salary.

The second thing employees must do is create new sources of income within their organization. The emphasis here is within organizations because employees spend over 70% of their time at work. This means they can only invest only a small fraction of their time in outside sources of earning income. And these sources must be high-income sources to create a major change. It thus makes sense to focus on the one place employees spend most of their time. To create new sources of income employees must find ways to solve organizational problems. Every organization has problems that need to be solved. This means that organizations are looking for employees who can solve their core problems. Smart employees look for problems within their organization they can solve in exchange for a favorable reward. It is the ability of employees to solve problems and create value that increases their income over time. Do you know the top three problems of your organization? Have you found a new market that can increase profit? Do you have the skills to solve organizational problems? To successfully solve organizational problems, employees need critical thinking and negotiation skills. The closer the problem is to the bottom line of the company the higher reward will be for employees. There is a finite number of jobs out there. But what is in abundance is organizations with problems. Your goal as a smart employee is to discover new ways of adding value.

The third thing employees need is an Independent Income Plan. An independent income plan is a plan that shows the mix of investment that will take the place of salary. It is a plan that shows a clear picture of how employee's bills will be funded by a solid portfolio of passive investments. An independent income plan comprises a plan that helps employees increase savings. A plan that increases income, and an investment plan that ends dependence on salary. It is a plan that literally liberates employees from the chains of the corporate world.

Funding your life from a fragile source of income like salary is choosing to suffer financial stress for the rest of your life. Your goal as a smart employee is to create a life that thrives outside salary. Because only then can you truly gain control over your time. There is no job security anywhere. The only security you can create is the security of your income.

The best use of your corporate life is to build an independent income that will carry you throughout life. It is better to have a permanent income than a temporary prestigious Job life. Click Here to find out more...

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