Why is Job Security Not a Problem?

Robert Kiyosaki’s mom and dad grew up during the Great Depression. That historical event seemed to have affected their mental and emotional outlook. That is why they often emphasized the importance of “Get good grades so you can get a safe, secure job.”
If you look at the economy today, the problem is too many jobs. Ask any employer and they will tell you they are desperately looking for good employees.


Today, the issue is not job security, it is the financial security,. This is due to the shift of paying for retirement from the employer to the employee in large part, the shift from Industrial Age pension plans, defined benefit plans, to Information Age plans, defined contribution plans. Today’s defined contribution pension plans are having three major problems that need to be deal with. One is that they are to be funded by the employee and many employees are not putting any money into their plans because they need money to live on. Two is that the plans are indexed to the stock market, which means if the stock market is high, the pension plan is high. If the market should crash, as it has in the last couple of years, so will the employee’s pension plan. And three is that a defined contribution pension plan can run out just when they retire. In contrast, with the defined benefit plan of the Industrial Age, the employer would have supported the employee until the employee passed on regardless of age.








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In America, the biggest concern is over government Social Security programs and Medicare Programs. These programs as you know are in trouble when the politicians are making campaign promises to save them. Of the two, it is the threat to the Medicare system in
America that concerns Robert Kiyosaki most. His worry is as we get older, our living costs may go down, but our medical expenses skyrocket. Today, a growing reason behind many personal bankruptcies is not financial mismanagement but catastrophic illnesses. One catastrophic illness could cost more than the person’s home. A friend of a friend of his was recently injured in an auto accident. He was the sole breadwinner in the home; and had to sell every thing he owned because he had inadequate medical insurance,. To make matters worse, his youngest daughter was diagnosed with leukemia and the family is now seeking charitable donations and assistance from anyone who will help.

For Your Financial Freedom

Lay Peng

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P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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