Wednesday, June 20, 2007

Scary Thought!

Here's a little exercise for you to see just how exposed you and your family are to the whims of your employer's senior management.

  • Go through your checkbook for the last month and add up every fixed obligation you paid like mortgage or rent, car payments, credit card bills, tuition payments and the like.
  • Then add up what you spent on food
  • How much did you spend on imbedded annual expenses like insurances (all of them!), utilities, etc.
  • Add up the paychecks that you deposited in your account.
  • Is there a positive balance? I hope so, but likely not.
  • Now go to your employee handbook and look up their severance plan (sometimes called a separation plan).
  • How many weeks of benefit are you eligible for?
  • Do you think you could find a job in that period?
  • No more paychecks/benefit checks.
  • The bills keep coming
  • You don't have to be a rocket scientist to know what starts to happen next.

Is there a system or product or service or strategy that could help you? I believe so.

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