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How to Navigate Layoffs and Unemployment
Manage episode 407067770 series 3437208
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In this bonus solo episode, Israel and Sunem are joined by their good friend and fellow money coach Maideli to discuss navigating layoffs and unemployment. They share personal experiences and provide tips for preparing for a layoff. The conversation emphasizes the importance of knowing your monthly expenses, having an emergency fund, and building an FU fund. Tune in for insightful discussions on financial challenges and strategies in uncertain times.
In this episode you will learn:
- The importance of knowing your monthly expenses and creating a bare bones budget for potential unemployment.
- Why having an emergency fund to provide financial security during a layoff is a must.
- The importance of establishing an abundance mindset and recognizing your money-making skills outside of a traditional job.
- How layoffs can lead to unexpected opportunities and better job prospects.
- Why developing job search skills and setting non-negotiables are essential for a successful job search.
Connect with Maideli
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Other Episodes You Will Enjoy
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- Why We Are Our Own Financial Security
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