What Truly Brings Financial Security? | Sound Investing | Passive Income | "MASTER INVESTOR" #wealth

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What Truly Brings Financial Security? | Sound Investing | Passive Income | "MASTER INVESTOR" #wealth #business #biz #wealth #livestreaming #business #live #masterinvestr

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There is just one method we should invest if we intend to do so. The Master Investor method of investing is to make passive income.

Have a look at the Vox graphic below, which illustrates the US jobless spike in 2020. Simply put, it's one of the most accurate portrayals of the risks associated with employment.

In an attempt to survive as the coronavirus spread throughout the country, millions of individuals claimed for unemployment benefits. There is no precedent for this, as the far right side of the graph illustrates. not the Great Depressive State. not the Great Downturn. Nothing.Because of this, the way businesses operate in terms of expenditure and personnel as well as the state of the economy as a whole have fundamentally changed.

An employee who was fortunate enough to have a high-paying job even though they didn't feel secure talked about how their employer stopped hiring and cut millions from their budget. When their company, like many others across the nation, went entirely remote, he said, "We know what? We're producing more now than we have in the past.

We can be sure that his CEO is aware of the amount of bloat they have unintentionally been carrying around for a while. Those contracts and jobs will not be reinstated because the Covid scandal exposed it.

Good occupations are delegated to automation, robots, and contractors.

"American companies have never worked so hard to employ so few people."

Thus begins the introductory paragraph of an article titled "The End of Employees" that appeared in the Wall Street Journal in 2017.

Does financial stability equate to job security?

The only things poor mindset people teach their kids is to attend a reputable school, earn a degree, and land a well-paying job that would keep him safe and secure. The majority of people were reared and have lived their lives in a manner similar to this. Working for earned income. The majority of Americans prioritize having a high-paying job that provides job stability.

Robots, automation, and contractors, oh my!

In the Wizard of Oz, Dorothy finds herself in the shadowy, ominous woods with her motley group of other travelers.

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