All the recent talk about earning big money by becoming bankers…has caused a rush by everybody (be it fresh grads, experienced professionals, etc) into the financial services industry. It is true that the money is in this industry now.

However, to be earning the top dollars (i.e. to be in the front line) one need to be a certain calibre and I hope most of you agree with me that not everyone in this world is top calibre. And also, one got to look at what are the sacrifices for such money and prestige.

Personally I would recommend most of us who are not of such calibre and who wants to have a comfortable life, to not chase after all the “glamour” that has been reported in the media about the financial service industry. The media are just reporting people who make it but not those who have fallen.

Some words of wisdom …”When people are rushing into something, it’s time for the wise to get out or stay away…” Just think, the financial services industry has its own ups and down. Companies around the world are cutting costs…job cutting can come anytime..beyond any employee’s control.

After some thinking about the situation, I would still think that for people who are not of the top calibre, they should try out and plan for sources of passive income. These allow the average Joe or Jane to exihibit his or her potential to the fullest (without trying to impress bosses). The best thing is, you do not need to slog and work ridiculous hours (try checking out an investment banker’s working hours) for these types of income. That’s why I call them “passive income”.