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Dig Your Well…

Dig Your Well…

Posted on 06/15/2015

Dig Your Well…

Mark A. Gajowski II, CFP®, CLU® CEBS®
Founder & CEO, Magii Group of Companies

 

Read an interesting statistic today, that over 50% of those who leave the workforce did not do so on their own volition.  Unfortunately for anyone having had that experience it’s extremely frustrating and can be debilitating if you let it.  Tends to make sense, we spend more time with those we work with than with our loved ones at home; hence the term, “work-family”.  Further, you have donated time, energy, made friends and really given yourself to the career… if you didn’t, well that may explain the separation.  For all, however, I would make the recommendation that you should make certain that you have your savings plan in order.  One month of savings for every month you think you’d be without a job if you were suddenly separated.  Further, the higher your income level, the longer it typically takes to replace that job at that income level (meaning, you may need more savings).  Benefit I would think is that as you make more, you should (barring the ridiculous tax higher income folks pay), be able to afford it.

 

Everyone should have their own Golden Parachute or Exit Strategy… Like the saying goes; Dig Your Well, Before You are Thirsty.  Continued health and success my friends.

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