Mike Tyson once said “everyone has a plan till they get punched in the face.” The opposite was true for me. It took a solid punch to the face for me to wake up and realize that I needed a plan. This is the story of how my 14 months of extended unemployment led me down a path to financial independence and early retirement.
“You’re fired!” Words nobody wants to hear, but everyone needs to be prepared for.
The best time to get prepared for unemployment is while you’re gainfully employed. If you’re not financially prepared to lose your job today, then it’s time to make your budget great again!
Be (financially) Prepared
The Boy Scouts teach it. Religions preach it. Today I’m going to add my voice to the chorus: Get your crap together!
Do you have a financial emergency plan? Many people have an emergency fund – but do you have a plan for how you’d handle your money in a financial emergency, like a sudden job loss, were to hit you?