In this economy, lots of people are getting laid off. Good people who work hard and are dedicated to their employer. One of these, Savas, sent in the following terrific question about his situation.

Q: Dear Tom, My name is Savas and I would like to ask you a rather complicated question. I had an food import and distribution business since 1999 up to 2008 which was closed due to lack of financial intelligence and bad advising, and I then worked as an employee in a toy company for 1,5 years, from I was fired last month due to the recession (I doubled checked with them, I always went the extra mile). So, when the problems started in my business I came across Robert Kiyosaki's and philosophy and I recently attended a seminar you had. So my question is what kind of advice would you give in a person like me, to start over and create wealth? Everybody says to continue be an employee, pay my debts , and climb the corporate ladder, however this is not me. What would you do if you had no funds to invest? How would you start? Thank you so much, Seeking desperately for advice, Savas

A: I have been in this situation before, Savas. I worked for a company that was a good company and laid off many employees who were good employees simply because the economy lagged at the time. I myself was fired from another company. Let me share a few thoughts with you.

The challenge I have with being an employee is that you are at so much risk all the time. You really have no control over your life. You cannot even earn more money by working more if you are salaried. I like the idea of having multiple customers, not just one (employer). That’s why I started my company. After I lost my job, I was concerned about my family and what would happen if I continued to look for jobs and then be at risk.

Also, it sounds like you enjoyed being an entrepreneur. That’s very important. I’m like that. After my first year in business, I told my wife that I would never go back to being an employee, no matter how difficult it became financially. Making this strong of a decision was important, so I wouldn’t look back and wonder. And I love being an entrepreneur. The control over your life, the amount you can contribute to other’s lives, and the lower risk by having multiple customers is great.

I suggest you go through our Strategic Wealth Coaching program. It is designed to get our clients who want to be entrepreneurs into the right business for them and then get them in a position where they are always improving their business and their life. Call Gennifer at 866.467.5809 and she will set up a time for us to talk.

Warmest regards,

Tom