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In the tech field alone, over 140,000 people have been laid off in 2024, according toLayoffs.fyi.
Even if you have anemergency fund, figuring out how to navigate your new financial reality can be difficult.
But he still recommended making some major adjustments during her period of unemployment.
Here is Sethis advice for thesteps you should take if you lose your job.
Ideally, this fund should contain three to six months worth of living expenses.
You saved for an emergency, so use it, Sethi wrote.
This is what the moneys for.
Unfortunately, time is money, so its important to be aggressive about finding anew job ASAP.
In my opinion, getting a job is the No.
1 thing you should be focusing on right now, Sethi wrote.
Thats why its imperative to find another job quickly.
Its very much like playing the real-life version ofadult musical chairs, he continued.
You do not want to be the last one standing.
So, in my opinion, your priorities are clear.
Get aggressive about it and set ambitious goals.
connection, talk to everybody and send out applications.
Sethi recommended getting a roommate if you are currently living alone.
Get a roommate immediately, Sethi wrote.
If it were me, I would say, Im getting a roommate by the end of the month.
No trying, no hoping just make it happen.
Stop saving and investing, Sethi wrote.
That money is properly used for life.
I would immediately chop guilt-free spending down to 10% or less, Sethi wrote.
This is an emergency, so treat it accordingly.
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