This is still a lousy organization!

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anonymous said:
I hope you feel the same way when you hit 50 and they push you out. Save your money now Junior. You’re gonna need it.
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Generation Zero doesn't listen and that is why BMS is in the spot they are in right now. Besides, the present administration will destroy what is left of our great country and business empires.

A perfect storm for the ninnies running BMS right now.
 


anonymous said:
Not quite. I’m a 57 year old who has seen plenty of peers sent to pasture while they still had kids in high school or college and were upside down in a McMansion. They naively believed as long as they worked hard and delivered solid results they were safe. Nobody is safe. I saw older, experienced reps get dumped while I was in my late 20’s. I knew then that it could all go away overnight. Witnessing it happen over and again and not making a plan for the worst case scenario is foolish.

I stand by my advice. Live on one income even if your spouse works. Max out your retirement and savings. Live below your means. Stay out of debt so you aren’t caught flat footed when you turn 50 and the company decides they don’t need you anymore. As the saying goes, “Stop trying to keep up with the Joneses. The Joneses are broke.”
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A much better way of saying it out loud. You are right but not quite. 50 is not old.
 




anonymous said:
This is excellent advice. By age 50, even if you plan to work another 10-15 years, you must be prepared for the rug to get pulled out from under you. Your exit plan should be fully fleshed out. Mortgage paid off or darn close. College funds mapped out for the kids.

Other useful advice is to live well below your means. Learn to live on a single income in a two income home. Save as much as you can by maxing out 401K, IRA, etc. Don't buy a million dollar home if it means 50% of your income is going to be tied up in a monthly payment.
The world has conditioned us to accumulate debt. Don't fall for it. Forego the luxury purses, jewelry and cars. Everyone has them and nobody is impressed. Debt makes you a slave to your company and your paycheck. Debt traps you in a miserable job tied to a toxic boss (who is probably running on the treadmill trying to cover their monthly nut). Financial freedom provides peace of mind and allows you to navigate your career on your terms. It also enables you to pivot easily and with dignity in the event of a layoff or termination.

A lot has changed over the years in pharma. We are all 100% disposable and replaceable. A RIF can come out of nowhere. There is little to no humanity in the decisions made so take care of yourself first.
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This is a myopic observation and advice. Live on one income and pay off the house. You are missing the big picture. You don’t live in a country with healthcare like France or Canada. There is much more than cancer out there and some need lifelong healthcare. Chronic conditions, spousal conditions and god forbid but children’s conditions. Unless you are C suite, VP or SVP, you will never be able to afford healthcare till you reach certain age. If a country has a retirement age, it should be honored. There are jobs that they can be pushed into rather than pushed out. Be altruistic.
 


anonymous said:
This is a myopic observation and advice. Live on one income and pay off the house. You are missing the big picture. You don’t live in a country with healthcare like France or Canada. There is much more than cancer out there and some need lifelong healthcare. Chronic conditions, spousal conditions and god forbid but children’s conditions. Unless you are C suite, VP or SVP, you will never be able to afford healthcare till you reach certain age. If a country has a retirement age, it should be honored. There are jobs that they can be pushed into rather than pushed out. Be altruistic.
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You are right. Be altruistic and don't ever vote for the GOP.
 




anonymous said:
This is a myopic observation and advice. Live on one income and pay off the house. You are missing the big picture. You don’t live in a country with healthcare like France or Canada. There is much more than cancer out there and some need lifelong healthcare. Chronic conditions, spousal conditions and god forbid but children’s conditions. Unless you are C suite, VP or SVP, you will never be able to afford healthcare till you reach certain age. If a country has a retirement age, it should be honored. There are jobs that they can be pushed into rather than pushed out. Be altruistic.
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It’s not myopic. It’s tried and true. And if you follow the path, you can afford healthcare including long term care and catastrophic coverage so you won’t go bankrupt if you end up with an extended illness. Trouble is, most people are financing everything they have to reward themselves for being chained to jobs hey hate. If you start young, you can amass enough to secure your future firmly. But that means no Chanel purses or Jimmy Choo shoes. It also means you probably aren’t living in your dream home or driving a Porsche. However, if the bottom falls out, you won’t lose your home or have to take on a job you hate to make your monthly.
 








anonymous said:
It’s not myopic. It’s tried and true. And if you follow the path, you can afford healthcare including long term care and catastrophic coverage so you won’t go bankrupt if you end up with an extended illness. Trouble is, most people are financing everything they have to reward themselves for being chained to jobs hey hate. If you start young, you can amass enough to secure your future firmly. But that means no Chanel purses or Jimmy Choo shoes. It also means you probably aren’t living in your dream home or driving a Porsche. However, if the bottom falls out, you won’t lose your home or have to take on a job you hate to make your monthly.
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You will take my Jimmy choo from my cold dead bankrupt hands before I give it up willingly
 










anonymous said:
Because you saved no money and took out massive student loans and will need to rely entirely on social security and Medicare. Wage slavery is real. Don't fall for the trap.
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No, because the jobs are going to countries where no one has massive student loans. The retirement age in the US is 67. It is one of the most expensive countries in the world.
 





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