Should You Start Preparing for a Layoff? | I am not Prepared.

I am opening up about the real fears many of us are feeling right now and asking the big question: Should we be preparing for a layoff? No one is safe. These last few months have shown us that thousands of American workers have gotten laid off for what appears to be no fault of their own. It has had me wondering...am I next? Whether I am or not has yet to be seen, but I have decided to prepare for one just in case. Scary times. If you’re feeling the economic tension and want real talk with practical tips on how to protect yourself before a layoff hits, this video is for you. Don’t forget to like, subscribe, and join the conversation in the comments!

#layoffs #economy #emergencyfund #personalfinance #recession #techlayoffs #governmentjobs

[QuitThatDayJob]

Is it worth it to start preparing for a layoff now?

[Thomasdavis-uh]

I got laid off and also retired at 59 and honestly, I wish l'd done it sooner. The 9-to-5 grind always steals your freedom for a paycheck that barely scratches the surface. My advice? If you're in your late 30s or early 40s, start saving for FIRE now (Financial Independence, Retire Early.) And if you're in your 50s, invest smartly and break free from relying on your job. Market trends, like the Trump Effect, have made millions for many, including me. Stay focused, stay consistent, and remember financial freedom is within reach if you make it a priority.

[YoutubeMarketingconsultant]

I really appreciate your honesty about the current job market, Elise. 😢 It’s tough seeing friends get laid off, and it makes me realize I need to take my finances more seriously. Your tips on networking and saving are exactly what I needed to hear today. Thank you for being a voice of reason! ❤

[Snowballbuilder]

I'm with you. We have a lot going on right now and can't predict the future. It's better to be prepared and not need it.

[shanisafan]

I'm also an elder millennial and the recession trauma is real. I personally have close to 2 years of an emergency fund saved. I'm a tech worker who is a remote worker as well and with this recession coupled with the layoffs that are going on, now is really the time to be cash heavy and if possible to simultaneously invest in the stock market.

I've been trying to max out my retirement accounts, while also trying to stock up on a few things before the increase in tariffs make purchasing certain essentials nearly impossible. This video is good advice and I feel where you're coming from. Now is the time to batten down the hatches and stack your money!

[kateismostlygoodwmoney]

This is on my mind A LOT these days. I had paused adding to my emergency fund for about a year but these last couple months have got me stacking cash there again 😅the elder millennial trauma is real!

[ccmorris]

I saved for a year’s worth through large deposits (taxes, bonus, extra money, etc) into my HYSA. I didn’t originally save for a year’s worth. I was just aiming for a solid number.

[veteranpb]

I keep having to restart my emergency savings. Once i get like $200 saved next thing u know i gotta use it

[usergghtf]

I saw in 2020 people being furloughed or laid off for over a year and that was before it "got bad." Yeah 6 months didn't sound like enough for me then