5 ms·
Often it is not about financial preparedness. It is about uncertainty. When will I get my next job? 6 months? Which means I will burn through my savings. If you
by dmode 9y ago
Often it is not about financial preparedness. It is about uncertainty. When will I get my next job? 6 months? Which means I will burn through my savings. If you are on a visa then things become exponentially complicated - you don't get unemployment insurance, benefits. What about healthcare ? COBRA is prohibitively expensive. How about the fact that the company announced to the entire world that you are a low performer? This is not even taking into account the emotional impact of getting fired cold.
- yellow_postit 9y agoAll of the concerns you mentioned can be related to financial preparedness. Given a skill set and job market how long do cash to cover rent, health insurance, etc. The emotional uncertainty can be huge of course with job loss, but removing financial stress from that possibility should be a goal for most.