Wednesday, January 14, 2009

Employment for Life

I recently met up with an old acquaintance George, who has recently retired from 30 over years of service with a reputable oil and gas company. Through that window of 30 minutes we talk about his retirement plan. He told me that he can live a comfortable life style for the next 20 years without relying on others, including taking annual holiday.

There are not many people who have the opportunity to have work with such a strong and stable company.In today's competitive environment, there are many companies that may not even pass the 20 years mark. The recent investment scandal, the crash of the sub prime market in U.S, sudden rise and fall of commodities prices can shortened the future of any companies.

I had the opportunities to have met few business people who is generating income from multiple sources. I think it is very important that we do not put all our security in just one basket. Leveraging on other people time (OPT) and other people money (OPT) is one way to catapult ourselves to success in a shorter time. However, in order to be able to manage OPT and OPM requires the right knowledge, right timing and knowing the right people.

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