Lost Job Action Plan – If you’re faced with a layoff or buyout, what do you do? How do you financially prepare for such an event? Similar to the contingency budget, the key is thinking it through well in advance. By approaching it early, it is simply a math or logic question rather than a fear induced emotional minefield. This tool highlights some of the steps I put in place just prior to having to make my own buyout related decision. Components of the decision were still emotional but having a solid foundation kept the emotional tail from wagging the reality dog.
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Lost Job Action Plan (914)
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