Cow Doesn't Give Milk - Weaving Your Safety-Net - Creating Second and Passive Source of Income.

Direct Link to the Book:
www.amazon.in/...
in the earlier video dated 12th August 2024, I presented a video from an excerpt from my book “Cow doesn’t give milk”
on the concept of living in the present and looking ahead in life rather than dwelling on things that didn’t go our way in the past.
Today, I will be talking about another topic from my book, to tell you the importance of creating a second source of income, which will act as a “Safety Net” in your life.
Have you found yourself in the situation where you strongly disapprove of certain decision of your boss or management, but you chose not to say anything
As you didn’t want to get into the limelight or get into bad books of your boss or the HR,
or you have taken some bullshit to avoid an argument with your seniors
because you Couldn’t have afforded even to think about losing your job or landing in any other unpleasant situation.
It sure did happen with me during various phases of my career, despite of my growing financial stability,
and I’m sure many of you would agree with me and second my thoughts.
So why did it happen?
Did I lack the required intent or content or intelligence or guts?
After a detailed introspection I concluded that I lacked the required guts.
Though difficult to accept, its the reality and basic reason for most of us not being able to speak our mind out is absence of that “safety net”.
This was the case with me throughout the career despite reasonable increments in my income.
Why?,
because my job was my only source of my income and I never felt comfortable with the thought of losing the only and adequate source of income I had,
or looking for a new job without being in a job even for a single day.
No offence to some of my dear friends and colleagues, not everyone has a financial backup to give them confidence of quitting the job at any point they want,
and hence they compromise being assertive in some situations in their work environment.
This happened to me because I failed to build a source of adequate passive income or a safety net, leading to, me being less assertive in lot of situations,
Had I planned well and made wiser investment decisions to create and develop a source of passive income for myself to meet my basic minimum requirements,
I am convinced that I would have made a few different and bolder career decisions and choices, plus I would have been more assertive and probably more successful at work.
The very reason I told you this experience of mine, is to make you understand this important aspect of financial planning, right from the start of your very first job, on the very first day that you start working.
You need to understand that whatever you are spending should go into creating a certain level of passive income to be able to be more confident, assertive at work and to be able to make right career choices,
You need to create a backup for yourself, a safety net in case you don’t have it already.
Even if it means lesser dinner parties, eating out,
buying a second hand car
till the time you have created a source of passive income
that covers your minimum requirements or needs at least for you
to survive the fall of being without a job.
This also calls for making prudent financial decisions at various stages of your career,
like regulating your expenditures, and investing wisely.
As your income changes keep adjusting your safety-net
My ebook “Cow doesn't give milk” is available on Amazon,
to find an order it log on to Amazon and search for it,
and look out for the cover page as shown here.
Alternatively you can also look up by typing my name in the search box Girish D Kishnani.
The direct link for the book is also mentioned in the description of this Video.