
Do You Have a Post-employment Plan? (Issue 709)
More people are now discovering that they can’t afford to retire . And many are finding out that there is no such thing as job security (e.g., Netflix just laid off 1K employees ). It’s easy to get crazy busy with your current career. I know. I used to be like that, too . When you’re working in a demanding job, you can barely keep your head above water. This is especially true if you have a family. The 24 hours in a day aren’t enough to keep up with all the demands from work and home. However, “future you” will wish you’d taken the time to make a plan for what comes next. We keep thinking: “ I’ll deal with that when things calm down a little, and I have more time to work on it. ” But that day never co mes. Things never seem to slow down. So you must make time now. You cannot predict the future. And as the years go by, the winds of change won’t be blowing in your favor. Trust me. I’ve been there and done that. * The secure industry you selected so carefully may suddenly be disrupted. * The hot profession with tons of job growth might surprisingly turn cold. * Ageism will rear its ugly head as you enter your 40s, and it will bite you hard in your 50s. * The great economy you enjoyed for years will plunge into a downturn. * Your nest egg (if you have one) will be worth less, and the products and services you need will cost more (thank you, inflation!). Hey, I hope I’m wrong about all these things. But it doesn’t look good. Maybe it will turn around when it’s time for you to leave the working world, but you can never count on that. Also, it never hurts to be prepared, anyway! Hope for the best, but prepare for the worst. Assume you will be caught up in one of these layoff cycles. Accept that you will be the victim of age discrimination and find it almost impossible to land a new job (that’s happened to some friends of mine). Recognize that this growing chasm between us and the billionaire class will only keep widening. Don’t listen to their false promises and don’t fool yourself. * They are not acting in our best interests. * They are not going to “save us.” * You have to become your own hero. So what’s your plan if you lose your job and can’t find a comparable one? How will you make ends meet? How will you spend the years of your “early retirement” and remaining life? I discuss the following five topics in more detail in the podcast audio, so scroll up and hit play to listen. * Reduce expenses and save more * Create an emergency plan * Define your backup career * Establish additional income streams * Prepare for self-employment Larry Cornett, Ph.D. , is a career coach who spent 20+ years in Silicon Valley at Apple, IBM, Yahoo, eBay, and several startups as a designer, leader, and product and design executive. Whether you’re fighting for a promotion, navigating a layoff, or planning your exit to independence, he combines executive experience with psychological insight to help ambitious professionals reclaim their power and build an Invincible Career . ➡️ Ready to create an exciting future? Book a free call today to learn how! Would you like to help support my newsletter and podcast, but don’t want to commit to a monthly fee? Check out my ☕️ Buy Me a Coffee . I’m self-employed, and coaching and writing are how I provide for my family. Thanks for your help! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit newsletter.invinciblecareer.com/subscribe















