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When a higher paycheck comes with job insecurity, it can be challenging to make long-term financial plans.
This could enable you to establish a solid financial foundation for the future.
Thisbuilding a side hustleand developing skills that make you lay-off resistant while keeping your secure job.
This would allow you to maximize your income while remaining prepared for a possible recession.
However, it could also be more stressful, since you wont have as much free time.
If you have fewer potential liabilities, you might want to consider a higher-paying job that is less stable.
If you have sustained responsibilities, you might want to more heavily consider the job with more stability.
Johnson agreed that the answer to this question is individual-specific.
And it is about both willingness and ability to bear risk.
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