Fallback-Position - Anyone Who Can Be Fired Needs a Fallback Position
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We should all be preparing a Fallback Position. As John Arnold says, ‘If you don't own your own business you can be fired at anytime.’ So you absolutely need to read Fallback Position. It's filled with great information for us to fallback on before we even think we might need it.

--Diana Wright, known as the ‘Oprah Winfrey of the Caribbean’ Radio Talk Show Host: South Florida Speaks Out, WSRF

John, You were a great guest. Informative and interesting. And you have a great radio voice. I assumed you have done lots of radio. If not, you should!

I plan to have you back on again soon because I think this is an area of financial planning that most people totally ignore even with 9 million people out of work.

Mike Schiano
"The DebtBuster"

Media Release...

BE PREPARED TO GET FIRED

  • 9 million people are currently unemployed
  • 600,000 jobs were lost in 2003
  • 75 % of those Employed are from industries undergoing ‘creative deconstruction’
  • No one is immune. Anyone Who Can Be Fired Needs a Fallback Position.

The days of 40 years and a gold watch are gone. The CEO today is not the captain of the ship who puts you in the lifeboat and then goes down with the ship. There are no lifeboats in today’s business culture. You need to prepare your own lifeboat.

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The job market is not getting better

EDS will shift more of its services staff overseas to countries such as India, with a goal of having 20,000 employees in so-called "low-cost" countries by the end of 2004: EDS CEO Jordan.

"The jobs report is just awful. [It] shows no letup in the trend of job losses in a quarter when all other signs point to rapid growth. Businesses across the board are figuring out ways to do more with fewer people. Another month like this and rate cuts will definitely be back on the table," said Bill Cheney, chief economist at John Hancock Financial Services.

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