By Matt Stiehm Ed.D
Understanding and preparing for the future is key to your career path. In your career, you conducted key research on which training program to attend. From there you were provided contact with some initial clients. At some point in your career you are considered a prime executive protection specialist and can secure clients on a regular basis.
After a successful career your retirement is upon you and hopefully you have saved some money. What happens if a recession hits the country and you cannot secure regular contracts? Or suppose your wife or family is positioned in a dire financial strait, how do you plan to protect your family or your savings?
First establish a retirement account, I would suggest contacting a money manager or someone who is familiar with retirement accounts. Putting money away is a solid career move. How else can you invest your money? Well in today’s age, a solid investment might be to purchase a condo/or rental property. In getting a property such as a duplex, you could live in one side and rent the other.
Another simple way to save money is to purchase solid used (secondary market) cars. There are certainly some places where you do not want to short change anything. This is of course on personal protection, weapons, and your client protection. When reviewing purchases of weapons look at what is the most commonly used and attempt to find a piece of equipment on Craigslist or through other sources such as protection specialists.
Lastly, you could create a training program or consult with other professionals.
The best career advice is to end your career with a nice retirement party. As was stated in the movie Spy Game, “Put some money away and retire to a warm place” Nathan Murr (sic). Retirement is the key, you can also think of retirement or a non-executive protection specialist position to secure more money.
As I wind down and get closer to retirement age, I can say that this is something that I definitely think about. Good article Matt