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How to Financially Prepare for Retrenchment: A 12-Month Survival Plan

NOTG 477 9 14 Aug 2024

Video description from @notgpodcast

Join us on this crucial episode of "NOTG (Nuggets On The Go)" by PropertyLimBrothers where we tackle the tough topic of dealing with retrenchment. We’ll explore the importance of having a solid financial plan in place, highlighting why it's advisable to maintain an emergency fund that covers at least 12 months of living expenses. This buffer can safeguard against unforeseen circumstances and prevent the need for high-interest personal loans during periods of unemployment. We’ll discuss practical steps to generate income through side hustles if savings fall short and strategies for re-entering the workforce, whether you're considering entrepreneurship or returning to a traditional employment setting. This episode is designed to offer guidance and support to anyone facing job uncertainty, providing tools for financial and professional resilience.
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