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My dad worked at one company for 28 years. He was fired. He had a year of emergency money in cash in the bank. Not rent, 12 months of money to cover every last
by krschultz 16y ago
My dad worked at one company for 28 years. He was fired. He had a year of emergency money in cash in the bank. Not rent, 12 months of money to cover every last little expense they had. They should have been set for any emergency, afterall, who has that much cash in the bank? And no outstanding car, credit card, or mortgage debt (lived in the same house for over 30 years)
It took him over 18 months to find a job.
Sure, there was a 42" HDTV in their house too. They still weren't spending money on ANYTHING. And he was working 50+ hours a week trying to find a job. Their expenses went up a little because he was traveling for interviews and networking at executive events. (Oh sorry, forgot to mention he was CEO of a 500 person company that was beating its targets even during 2008 when the stock market dropped like a stone).
So yea, if it can happen to him, it can happen to you. Tell your inner libertarian 6 months is nothing, and maybe he should find out what this current economy is really like.
- skorgu 16y agoThe story in question didn't include anyone losing their job. You're arguing against a point I have not made.