2020 should have taught you something, if it didn't then i really do not know what to say to you?
It should have taught you that just having a plan A only is not a good idea.
Industries, jobs and businesses can be destroyed at the whim of our overlords descisions.
There will always be things that happen that are out of our control, but if you do not prepare for things like this, you will find yourself in a terrible position and that is what has happened in 2020 particularly.
Successfully rich people rarely have all their investments in one place and rarely do they only have one income from one source.
So why do most people?
I believe it is a mixed bag of a lack of knowledge, being comfortable and fear.
You can probably throw some conditioning in there as well whether that be from parents, society or whatever.
No matter what it is, if you find your sitting there with only a plan A in place you may very well find yourself with issues down the line, i have personally had this experience in my life.
Trust me when i say starting from scratch depending on how hard you fall is not going to be easy especially if you have to learn new stuff on top.
I will be totally honest i don't think just having a plan A & B in place is enough either have a plan C as well.
The fact is the more ways you have of having earning an income, the more ways you have to save money and the more ways you have to invest money can only be a plus for you and your family.
Do not just depend on JOB, do not just depend on a business and do not just depend on an investment.
At a moments notice you could lose that job, that business may fold and investments maybe lost.
Do not just put all your eggs in one basket, if you have a job take some of that money and invest either in a business or into investments or both.
The more spread out your funds are the more secure you will be.
There are no excuses either because we live in an information age, everything we could ever want to know about any subject is at our fingertips. Also if you have a job, starting an online business on the side is pretty low cost and easily done, it is the same for investments to buying precious metals, crypto, stocks, does not have to cost an arm and a leg either.
Investments like precious metals, crypto and stocks can be built overtime too, you don't just have to dump everything you own on them, starting these off now will build you a nice portfolio further down the line.
Do not just put everything into one industry either spread it out that way if something does fail it won't be such a big deal, it will be more like a flash in a pan other than your whole world burning to the ground.
Listen to other people, but make your own descisions remembering that everything you do is about securing your future and that it is your journey not someone else's. Look the truth is when things go wrong it is you that has to deal with the consequences not other people, not experts, not your boss, not your staff, not Sandra or Bob from some social media platform and certainly not our overlords.
I am not giving you financial advice here, this is all just my opinion based on previous experience, i had to claw my way from the streets of London, i have lost jobs through no fault of my own, i have lost a business through mental health issues and had to start from scratch non of it was fun.
This post was inspired by a vlog i watched by Zoltan @ph1102 i will leave the link to it below so you can go check that out.
https://hive.blog/hive-167922/@ph1102/erhwucap
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Hope this helps if your stuck in a 9-5 with no plan B you are literally one step from poverty i am not even joking, start building your empire today so you do not have to worry about tomorrow.
You're right, Ben.
Seeing how fast things can change, one would be well inspired to consider going further down the alphabet as far as plans are concerned !
Absolutely @mythumbsups completely agree with you, these days there are plenty of opportunities to have multiple plans in place there is no need to fully invested in one plan. As time goes on this will only improve as people are able to get control of their investments through crypto and blockchains.
Thanks for the mention, Ben!
You are right about learning in 2020... And I also think that we didn't learn anything from history, and events that were similar to this particular in which we are living... Or, we have just forgotten...
But, I have a feeling that the Universe is kicking our ass and repeating things FOR US, to learn... and to make a CHANGE... Until we don't do that, and keep acting in the same manner (or keep sleeping... that is also an act of approval), we well re-live all the same things over and over again...
Awesome post! You are doing a great job creating great content... I know that rewards aren't astonishing, but keep on pushing, and it will come... Glad to have you here!
Your welcome Zoltan @ph1102 bro thanks for the inspiring vlog.
I agree, we do seem to be repeating the past a lot when you look at history, for me it is a tough situation because i personally am having the best year i have had for a long time lol
2020 has been the year of discovery for me anyways, it has been laying down lesson after lesson i just hope i am not the only one looking at it from that view point i am sure i am not.
Thank you glad you liked the post, i am not bothered about the rewards to be honest, it is nice to get them but this is more about finding my place here and improving my content at the moment.
I am grateful and blessed to be here, appreciate you my friend.
Have an amazing day