5 WAYS OF SURVIVING AFTER A LOSING A JOB.
1. Draw up a plan
If you want to travel from point A
to point B, the first thing you do is
map out a route.
When you find yourself out of a
job, it’s important to do something
similar.
Consider where you are and
where you intend to go.
Much as this
may not be an enjoyable task, you’ll
need to take stock of your situation.
List your income, which includes:
- compensation from your employer
- any savings
- earnings from secondary sources or side hustles
- investments.
If you have been putting money aside for emergencies, losing your job counts as an emergency, so these funds will come in handy.
Ensure that your investments are in order just in case you fi nd yourself needing to cash in a hurry in the
future.
This means sorting out the
paperwork for plots, cars or shares.
Trying to follow up on a title deed
for a plot you bought years ago when
you’re short on time and desperate
can be frustrating, so get such things out
of the way early.
Identify other possible sources of income that you could tap into if the need arises,
such as soft loans from friends or family members, or savings from a chama.
2....... 🔃.