What would happen if you lost your job?.

[Sean L]

Do you have investments set aside. Do you have the proper education and skills to find another job quickly. Do you have assets like a home or big line of credit you can survive for a while.

Or are you screwed.

 

[Joanne A. W]

I did.
I'm a specialist in a very small industry and held on for 2 years until I was able to find a new job.
Sold my home, sold some of my heavy assets.
Being single allowed me to be very picky on what position I would accept.
Got it now.

 

[Churro]

RRSP have saved once in last 10 years. Contribute to it monthly, lost my job cashed it in lost 10% of it but did not pay extra as my revenue that year was not very high.

 

[Fame]

Any of you guys read the wealthy barber?.

http://www.wealthybarber.com/

 

[??????]

I'm risk averse, so I've stockpiled liquid and illiquid investments. I should be good for at least a year, but I'm fortunate enough to be in a fairly versatile profession. I'm very specialized in my field, but I could always go back into the trenches.

One of the most valuable insights that i learned early in my career is that you have to be able to sell yourself. You can be the best at what you do, but if you can't market, you'll always be dependent on someone else to feed you. Any job can be taken away from you.

The ability to make your own rain is a skill that no one can take away from you.

I know I can grind it if I have to.

 

[Snake]

Find another.

 

[LizzyP]

I don't have a job so....lol.....

 

[marineswife]

My business is tied directly to the economy. I do have other skill sets but I enjoy what I do now. I would be able to last several years without employment but that would mean no hobbying and that would kill me.

 

[Amanda]

Words of wisdom. :great:

 

[hvnsynt]

I don't really have a job. I have some businesses and some investments.

If things went south in the businesses, I could survive for at least a couple of years without having to change much of my life. I hope that would be enough time to get back on track.

If not, my lifestyle gets adjusted. I've been poor before and can do it again but it would be quite a shock for my kids.

 

[Luann]

I have my own business and took on a contract as a consultant to help a friend out; the consulting gig takes up a better part of my day now...ugh. My business afforded me to be semi-retired and I stuck my nose in every once in a while to check on how things are going, I'm lucky that I have an incredible group of people that I trust to work on their own and get the job done.

If I lost it? I'd just go back to consulting and or just go work at Canadian Tire