I'd say the recurring quality that I've noticed is a sense of value. The ability to identify value and be capable of making that value work for you. That often requires some risk, but more often a passion in seeking value.

 

Do you every worry about finding another good paying job if you lose your job? I am having a fear of finding a descent paying job (after a major personal loss).... has anybody been in ths predicament , if so what did you do to get out of it ?
And what happens to the people that don't get out of it ?
I am so worried

 

Do you every worry about finding another good paying job if you lose your job? I am having a fear of finding a descent paying job (after a major personal loss).... has anybody been in ths predicament , if so what did you do to get out of it ?
And what happens to the people that don't get out of it ?
I am so worried

I have had a quite considerable debt that for me at that time came almost out of nowhere.
15000 euros. Paid it all off in 6 years.

I was worried at that time because the progress was so slow. Now I'm not. Every bad episode in your life ends one day.

I don't know for the future but in the last decade you could always find another job and start over again. Be it as a technician or an engineer.

It is different for people who are deliberately brought into complete dependence of others. Example: India's cotton farmers.

 

My fear is I live a sheltered life and I have alot of social fears / ability to always avoid conflict...etc

I have got laid off at a few of my previous jobs because I was to nervious and my communication skills are very bad. So alot of times I cann't figure out what I have to do.

What do you think I should do... I am finianically scared of not being able to support myself.

 

Most people are...

To mangle a old quote,

"Most Englishman live lives of quiet desperation."

No one is immune, I sure am not.

 

So does that mean all people's lifes when they grow up... ( they have a fear of money or being able to find a job )

Because if that is the cases many people sure know how to hide it well.

 

It is more than that. The job sucks, but you can not afford to quit, and live in fear of loosing something you don't like doing anyhow.

If you have family or other support you can often do things that you can't do if people you love are depending on you. Much of it is situational.

 

That's what being financially independent is all about. In The Millionaire Next Door, they define it as being able to lose your job and maintain your present lifestyle for 10 years or more. For example, person A makes 250K/year and spends 240K, only saves 10K/year. Person B makes 75K per year and spends only 50K; saves 25K. After 10 years, person A has 100K in the bank, or enough to survive for 5 months (at their rate of spending) if they lost their job. Person B has 250K in the bank, enough to last them 5 years if they lost their job.

Person A, despite making more than most Americans, lives in constant fear losing their job. Person B does not.

 

The secret is to consistently make (or receive) more money than you spend. Each month, each year (even each week if you are real good) to have more money coming in than what goes out.

That leads to an end of that "employee fear" as it builds confidence that you can live quite ok on limited spending, and also builds confidence that you can bring money in yourself.

In fact, it likely eventually leads to an end of employment, when the person realises they can bring in more money, for less of their time, than what they are getting as an employee.

There becomes a big change in the habit patterns, as an employee life is unsatisfying so on the time away from work people want to spend money to cheer themselves up. Employee's dreams are made of big screen TVs, new cars, great holiday trips, etc. The "rewards" in life don't come from the work but from spending the wage. Employees drool over glossy brochures of shiny things they can almost afford.

A self made person gets their challenges and rewards not from "how can I afford the finance on that shiny new car?" but on "how can I get my business bringing in 20% more profit?" or "how can I get that new product off the ground?", "how can I put together that real estate deal?".

The rewards and satisfaction in life come from the acheivement, and spending is irrelevant, in many ways it is a complete reversal from an employee lifestyle as spending seems bad, it makes your wealth reduced, which is the opposite of your life satisfaction; "Why should I spend $40k on a new car that is worth $30k the day after I bought it, when I can bargain around and buy a working $8k car for only $5k, that drives me to work just as well and I then have $35k extra in my bank account?"

 

Do you every worry about finding another good paying job if you lose your job? ...has anybody been in ths predicament , if so what did you do to get out of it ?
And what happens to the people that don't get out of it ?

In the worst case, they wind up on the corner with a mangy dog and a cardboard sign that says, "Homeless...Please Help." But that doesn't have to happen to them, and it doesn't have to happen to you. You recognize areas in which you need to improve, and that's often the hardest part. Focus on how you have to change to better adapt and cope with the job. Then take the necessary steps to get the skills you need.

 

There are two great resources in life: time and money
Some will spend all their time making money
Some will spend all their money making time.

 

The secret is to consistently make (or receive) more money than you spend. Each month, each year (even each week if you are real good) to have more money coming in than what goes out.

That leads to an end of that "employee fear" as it builds confidence that you can live quite ok on limited spending, and also builds confidence that you can bring money in yourself.

In fact, it likely eventually leads to an end of employment, when the person realises they can bring in more money, for less of their time, than what they are getting as an employee.

There becomes a big change in the habit patterns, as an employee life is unsatisfying so on the time away from work people want to spend money to cheer themselves up. Employee's dreams are made of big screen TVs, new cars, great holiday trips, etc. The "rewards" in life don't come from the work but from spending the wage. Employees drool over glossy brochures of shiny things they can almost afford.

A self made person gets their challenges and rewards not from "how can I afford the finance on that shiny new car?" but on "how can I get my business bringing in 20% more profit?" or "how can I get that new product off the ground?", "how can I put together that real estate deal?".

The rewards and satisfaction in life come from the acheivement, and spending is irrelevant, in many ways it is a complete reversal from an employee lifestyle as spending seems bad, it makes your wealth reduced, which is the opposite of your life satisfaction; "Why should I spend $40k on a new car that is worth $30k the day after I bought it, when I can bargain around and buy a working $8k car for only $5k, that drives me to work just as well and I then have $35k extra in my bank account?"

I agree, the problem is that the economic machine demands more, otherwise it slips into a depression where your assets devalue.

Many value money, but others strive in their passions and the money follows. Personal challanges are many, and the fear of a shortage of resources is real, felt by everyone from the poorest to the richest. Be aware of your surroundings, and where the oppotunities lie. Practice communicating with people to discover thier needs, and look for solutions. Confidence comes by setting short term goals that are achievable, and succeding.

 

I value the moment ,life takes care of the rest....has not failed me yet.

 

I value the moment ,life takes care of the rest....has not failed me yet.

That's cutting through the BS!

 

Focus on how you have to change to better adapt and cope with the job. Then take the necessary steps to get the skills you need.

Yes but one can only improve so much restricted to there health/mental stablity. And I fear social situations and conflict resolution/conflict is one of my very fear problems. As well as focus/memory/communication skills

What do you do if you never can improve them to the level of everybodies content? (in the work places)

 

What do you do if you never can improve them to the level of everybodies content? (in the work places)

See "Peter Principle".

Generally, if you hold yourself to your own high standards, and do what you can, you'll generally do well. If you spend all of your time worrying what other people think, you'll have a nervous breakdown.

 

I never advance in the workplace. It's all I can do just to keep up with the changes.

 

I saved and invested a fair amount of money. I use some of it occasionally to buy a car or something big then its interest replaces the amount I took.
Some of it is loaned to my son and daughter as my line of credit but they pay it back and its interest is much lower than if they got their own loans.

My government pays for my retired medical care, pills and a pension so I am fine. I pay no income tax on my pension because its amount is low. They pay me extra every month and at income tax time.

So I guss I am financially independent.

 

I saved and invested a fair amount of money. I use some of it occasionally to buy a car or something big then its interest replaces the amount I took.
Some of it is loaned to my son and daughter as my line of credit but they pay it back and its interest is much lower than if they got their own loans.

My government pays for my retired medical care, pills and a pension so I am fine. I pay no income tax on my pension because its amount is low. They pay me extra every month and at income tax time.

So I guss I am financially independent.

As long as the government doesn't cut the pension... and as long there is no hyperinflation that eats up all your savings... or the government decides to take all your savings...or...

All these things happened.

Mathematics doesn't want to wait until being a pensioner to be financially independent.

 

My government pension keeps increasing with the cost of living.
My own savings keeps increasing with investment interest.
Win, win.