“MOST PEOPLE JUST HUNKER DOWN AND RUN OUT THE
CLOCK. I DON’T KNOW; MAYBE THEY THINK THIS IS A
TRIAL RUN AND THEY’LL GET ANOTHER SHOT AT IT.”
Since the dawn of the Industrial Revolution, over 250 years ago, the idea of a career has been to work (at least) 40 hours a week for 40 years for 40% of what was never enough for the first 40 years.
The 40/40/40 Plan
The mandated path for most of us has been:
- Get a good education … a four-year degree is your ticket.
- Get a good job with a big company … with lots of benefits.
- Work for 40 years to retire and enjoy the golden years.
Things have changed a lot since then. Your company is more likely to file bankruptcy to avoid paying your retirement than it is to honor it.
Even states, counties, and cities are starting to face the fact that they overpromised and can’t deliver, and are filing bankruptcy to ditch their retirement and health care obligations. And even if the retirement is there … even a 401k … there is rarely enough income from this model to have a grand ol’ time in your golden years.
And what about that four-year degree? Most young adults following the college model do end up well trained to get a job but are also well saddled with debt. This debt cannot be discharged in bankruptcy, it can rarely be renegotiated, and most people are ill-afforded to pay it off. Since most people in their 30s and 40s are not even working in the careers they majored in, the debt they are carrying is a depressing load.
Note: I am not advocating against education or a job. I believe both are immensely valuable and rewarding. I am advocating against believing that just because you have both, you will live the life you really want … like you are on autopilot for the success you imagine.
The cheese has been moved. There is a piece of it over in Network Marketing.
P.S. Comment below and let me know what your thoughts are on the 40/40/40 plan.