Today, a different kind of horror has settled over the world than those gory slasher moves from my youth. Today, the world is in the grip of the coronavirus crisis... and it’s slashing our economy.

In the last three weeks, jobless claims have hit unbelievable records, clocking in at nearly 17 million. “In its first month alone, the coronavirus crisis is poised to exceed any comparison to the Great Recession,” said Glassdoor Senior Economist Daniel Zhao in a recent article by Politico.

I’ve been saying, coronavirus is the death of an old economy. If you cling to the ideas of “go to school, get a job, save money, get out of debt, and invest in the long-term of the stock market,” then you cling to the old economy. And again, that’s dying. It’s being killed by coronavirus as we speak.

Coronavirus is not only slashing the economy, it is changing it fundamentally forever. It is making the life of an employee one that will be very hard and very different at the other end of this crisis. With the rise of automation and robots, employers will be looking for even more ways to run their businesses lean and without a lot of employee overhead. They’re doing it right now, and seeing it can be done.

Understandably, people have been focused on the virus, but the reality is the virus is a smokescreen. It is the destruction of the US and the world economy, starting with the complete obliteration of the concept of job security.

Financial freedom vs. job security

Why don’t you transform yourself financially? . Why don’t you complete a financial metamorphosis and become an entrepreneur? Yet, over and over again, people come up to me and say that being an entrepreneur is risky. “I’d rather have a safe, secure job,” these folks say. Today it’s clearer than ever, the problem is that there is no such thing as a safe, secure job; and being an employee is one of the riskiest things you can do.

Many of us are conditioned from our earliest days to think about job security, rather than financial security or financial freedom. And because most of us learn little to nothing about money/business at home or at school, it’s only natural that we cling ever more tightly to the idea of job security instead of reaching for financial freedom.

It's Time For a Change.....................