Absorb 360 Blog

Saturday, August 22, 2015

What’s Your Plan B?

Most people focus only on their Plan A and put all their eggs into that basket.  Unfortunately, over the years, Plan A, no matter how financially solid it seems, isn’t guaranteed.  Most people have a false sense of security.

Would You Be Able To Cover An Unforeseen $400 Expense?

A whopping 47% of all families in the United States could not cover an unexpected $400 expense, as stated in the Report of the Economic Well-Being of U.S. Households by the United States Federal Reserve in May 2015.

$400 doesn’t seem like a whole lot of money, but almost half of Americans do not have it reserved for such an occasion.

If you are slaving away at a J.O.B., what is your perspective for the future?  What assurance do you have for today?

Most employees are just glad to have a job.  They do not anticipate or expect a raise or promotion.

When was the last time you got a bonus?

Many people are living paycheck to paycheck and if they are lucky they are able to pay all of their bills. 

Those that are living like this are not able to pay down debt very quickly, if at all, and they don’t have much, if anything, to put away in savings.

Even the most outward appearing stable people could be just a few hundred dollars away from disaster.

We have not been taught to expect anything different; and we have not been taught or encouraged to have a Plan B.

Why not?  Most likely because most institutions just prepare people to be an employee, and most people only have an employee mentality.  You can bet that the majority of those who own the business have not only a Plan B, but a Plan C and D also.

Reliable monthly residual income can help cover the unexpected expenses that always seem to pop up at the most inconvenient times.

Reliable monthly residual income can help pay down debt.

Reliable monthly residual income can build up your savings account.

A Plan B with reliable monthly residual income is a great plan and peace of mind.

A Plan B should never push out Plan A, until it provides much more than Plan A.  You work your Plan B to work yourself out of Plan A, or to work it on your terms.

The ideal supplemental income is not a second or third job.  It is a Plan B that can give you reliable monthly residual income.

Do you keep your options open when it comes to creating a Plan B and earning an additional income?  Or are you satisfied and confident with your Plan A?

If you found value in these success tips, please share your Plan B.   Comment below, or share on www.facebook.com/absorb360

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I encourage you to consider a Plan B, especially if you are considering a second job!

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