Originally released May 13, 2015. And just as important today.
For most of us, our jobs are the economic engine that drive every aspect of our financial plan. One of the worst things that can happen is to lose a job.
If the engine on your car dies, you're going to be stuck by the side of the road for a while. That's not pleasant for anyone, even if you're stuck in a safe area. But, if you're driving up a mountain (paying off debt and digging yourself out of a hole), having your engine die can be disastrous. And, if you have a destination in mind (financial independence), losing the engine in your car will at least delay you from reaching your destination.
So, the key is plan in advance to not lose the engine. Make sure you're doing the things you need to be doing now to avoid being laid off.
Obviously, you can't guarantee that you'll never be laid off, but you can do a lot to improve your possibilities!
On today's show, we cover:
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