Are you feeling financially prepared for layoff? Will you be able to span period of unemployment? How long do you think it will take to find a job?
4 replies (most recent on top)
I’m CEO, so I’m safe.
I'm pretty frugal. I've been with the company 3 years and have over $500k in liquid NW from saving and capital gains. Will be fine at current standard-of-living for 5-7 years without income.
My family could probably go a few years without working and not touch our investments with our current expenses, but mainly because we are a bit cash heavy at the moment.
We have always spent way less than we make. My husband and I only spend about half our income and save half. We could not work for 40 years and live the same we do today. If fired, not sure how quickly we will look to find jobs.