Financial Independence: Things Have Changed

In the old economy, you could work and invest in mutual funds for 40 years and have a great chance to be financially independent by age 60. Today, the situation is very different. In this article, I will attempt to explain why and what to do about it.

Technology is changing rapidly. Today's entrepreneurs and workers need more technical skills than ever. Technological change will continue rapidly. You can't learn everything, but determine what skills will help you the most. What skills do employers need in your area? What you need to do now is assess where your skills are and get the classes or books that will help you.

If you have the opportunity, consider learning about nanotechnology. Nanotechnology will likely be as devastating to traditional companies as the Internet.

Lots of people are in college these days. But are they really learning to program computers really well? Are they encouraged to start a business while they are in school? Is tuition going to really hurt them financially after they graduate? Are students really being made as competitive in the workplace as they should be?

In the old days, getting business loans or love money for your business was relatively easy. These days, more people are broke and loans are expensive. My suggestion is that you bootstrap your business and improve it as you make sales. If you cannot make any sales, then you don't really have a business.

Knowing the markets and how to invest will help a great deal in raising capital for a business or the account you intend to live off of until your untimely demise. So, spend some of your free time reading investing books, and newsletters. Following the market and a watch list will help you learn too. Being able to trade is important, because, buying and holding mutual funds for the last ten years did not result in major gains, like in the past.

Do the work necessary and learn to invest. Sure, some of the books are expensive and the market opens pretty early. But I urge you to do it. Having others invest for you means to pay considerable fees and you have no control.

What did Napoleon Hill say during the Great Depression? He said, "Don't worry about what THEY say." This statement is still very true. Pursue your dreams and leave the sheeple behind you. Have the masses or the talking heads leaded you to wealth? Probably not, so shut them out and busy yourself with the pursuit of financial independence.

If you are interested, proceed to my site, http://www.renegadeuniversity.net and read more. Don't waste time or make huge mistakes in your finances, visit http://www.renegadeuniversity.net.

Thank you,

David K Drews

Article Source: http://EzineArticles.com/?expert=David_Drews




Article Source: http://EzineArticles.com/6264597