One of the most fundamental needs of humans is that of security.
We need to feel that we’ll be able to maintain the same standard of living in our future and that our needs will be taken care of.
In the previous economic paradigm, those needs would have been met by a benevolent government or company through well-funded pensions that would take care of us in our old age.
That may have worked for people currently getting benefits out of the system, but anyone under the age of 55 today probably doesn’t believe that the same system will be in place when they get older.
We’ve seen the whole structure of the welfare state collapse in recent months in Europe. Recently, the new minister of social affairs in Italy was crying on television when she announced that:
“I’m sorry. People who work have no more money for you. Consequently, the retirement age will be raised to 62 years for women and 65 for men. We can no longer afford to index pensions with inflation, so you’ll have to do without. ”
You probably know what a Ponzi scheme is. A lot of people have fallen for those over the years.
The concept is pretty simple. You get investors and promise them an awesome rate of return, way above the market. For example, a 20 or 30% annual return. Then, you pay these suckers faithfully for a while, but only with the proceeds of other investors that are joining in! So you spend all the capital you have to pay everybody, but eventually the structure has to collapse.
The company takes your nest egg and runs!
Government pensions are a Ponzi scheme because people receiving benefits today are being paid through the taxes of people working today. What you pay in taxes today doesn’t go to fund your own pension… it just goes to pay people that were promised benefits decades ago.
And it doesn’t matter whether you live in the USA, Europe, Canada or elsewhere. Most countries have the same problem.
So we know we can’t count on our governments to take care of us in the future.
We also know that the companies we work for might not be able to take care of us in the future.
The only thing that’s left is personal accountability for security.
The beauty of the Internet Freedom Lifestyle is that you can develop skills that can earn you a living no matter what happens in the world.
I know for a fact that even if I lost everything I have built so far, I could still start from scratch and with everything that I know, make a full-time living again in a matter of just months. And once it’s setup, I only need a few hours a day to maintain it.
Sure, you have to adapt with the times. The Internet, as it is today, will not last forever. Eventually, it will change form as technology evolves.
Even if you have a full-time job, I highly recommend that you start developing an Internet business on the side. You have a better chance to count on that as your “Pension fund” than whatever your government is promising you.
If you can’t wait to get started, check out the Do What You Love Success Group.
And as a special bonus, if you try out the Success Group, you’ll get a copy of my program “Laptop and a Beach” that teaches exactly how to create a mobile, Internet Freedom Lifestyle.
Check it out at: http://www.dowhatyouloveuniversity.com/new.html