How screwed would you be if you lost your job tomorrow with no warning?

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[ARCHIVED THREAD] - How screwed would you be if you lost your job tomorrow with no warning? (Page 1 of 5)

Posted: 4/15/2024 10:11:51 PM EDT

No severance pay, nothing at all. I have a feeling we're going to end up in a situation even worse than 2008.

Posted: 4/15/2024 10:13:00 PM EDT

[#1]

I'd be okay, but I'd have to scramble to spin up my secondary jobs pretty fast.

Posted: 4/15/2024 10:13:20 PM EDT

[#2]

6 months. I have a 6 month emergency fund including fixed and variable (to my best estimates) expenses.

My fields job outlook is fairly solid. I’m in EHS I think I could find something within 6 months.

Posted: 4/15/2024 10:13:27 PM EDT

[#3]

I'd be fine. Paid off home. And 400+ hours of vacation that would pay out on my departure.

Posted: 4/15/2024 10:14:11 PM EDT

[#4]

It would hurt but I would get by.

Posted: 4/15/2024 10:14:16 PM EDT

[#5]

Been there many years ago. I got another yob.

Posted: 4/15/2024 10:14:47 PM EDT

[#6]

I'd be okay. My rental income beat my day job income a few years ago, although my job pulled back ahead. I'd rather not have to give up that income though.

If I had to go out and get a job ASAP I could do so, I'd probably not be happy about it, but I could make ends meet from even a modest job I imagine.

Posted: 4/15/2024 10:14:48 PM EDT

[#7]

Quoted:
No severance pay, nothing at all. I have a feeling we're going to end up in a situation even worse than 2008.

View Quote

2008 taught us to have a year of funds available to live off of, then we would have to dip into retirement savings.

Posted: 4/15/2024 10:15:15 PM EDT

[#8]

Id be ok for a while. Mercenary or OF might be more feasible and quicker than I figured.

Posted: 4/15/2024 10:17:06 PM EDT

[#9]

I have been unemployed since I was 46 yrs old.

Doing just fine.

Posted: 4/15/2024 10:17:20 PM EDT

[#10]

I won’t even notice it. I have been retired for over 10 years.

Posted: 4/15/2024 10:17:22 PM EDT

[#11]

Year or two and I'd probably start at least one business.

Posted: 4/15/2024 10:17:59 PM EDT

[#12]

I have enough for a toe wax and pedicure. Only Fans here I come perverts.

Posted: 4/15/2024 10:18:42 PM EDT

[#13]

Hell, I'm currently seriously mulling over quitting... condescending prick "boss" is the leading cause.

Posted: 4/15/2024 10:18:53 PM EDT

[#14]

I have three jobs. I'd be fine if I lost one.

Posted: 4/15/2024 10:19:04 PM EDT

[#15]

I'd have another job within 24hrs. Last time I got laid off was 2018. I was jobless for 2hrs

Posted: 4/15/2024 10:21:16 PM EDT

[#16]

Fire me. Please. My lawn needs mowing.

Posted: 4/15/2024 10:21:58 PM EDT

[#17]

Quote History

Quoted:
I have been unemployed since I was 46 yrs old.

Doing just fine.

View Quote

Accurate but somewhat disingenuous.

Posted: 4/15/2024 10:22:18 PM EDT

[#18]

This is GD.

We all have years of savings to live off of before touching any investments, paid off homes, vehicles and rental properties.

Posted: 4/15/2024 10:23:46 PM EDT

[#19]

like, just one of my three businesses?
or one of my seasonal jobs?

I'd have to fuck up pretty bad for everyone to fire me

Posted: 4/15/2024 10:23:50 PM EDT

[#20]

Well I work for myself so…

Now if you are asking how fucked I would be if all my clients poofed… we’d be OK for awhile.

We could pay for our housing and utilities for a couple years by depleting savings. We have close to a year’s food stored up. Both our cars and our beater truck are paid off. Insurance for three would be about $3k for the year and we could sell a vehicle easily to bring in more cash. My watch collection… well I’d hate to see it go, but if needed I can always sell and reacquire later. We also have several pieces of property we could sell. One is ready to be developed and would likely bring in enough to pay for another year of living, at least nine months.

We live simply. The results of a three year battle with cancer that completely depleted us. One bedroom apartment, cars are an Optima, Civic, and a 20 year old GMC Sierra. To most of ARFCOM we are peasants, to most of the nation (the majority of which couldn’t scrape together $1,000 for an emergency) we are quite secure and comfortable.

Posted: 4/15/2024 10:24:10 PM EDT

[#21]

I’d need to find a job within 5 years.

Posted: 4/15/2024 10:24:52 PM EDT

[#22]

Quote History

Quoted:

Accurate but somewhat disingenuous.

View Quote

He never shuts up about being awesome and retired.

Posted: 4/15/2024 10:24:56 PM EDT

[#23]

Quoted:
No severance pay, nothing at all. I have a feeling we're going to end up in a situation even worse than 2008.

View Quote

What was your situation in 2008?

"We" is overarching.

Posted: 4/15/2024 10:25:00 PM EDT

[#24]

It happened 3 weeks ago, and i am not happy not well
Off.

Also had some asshole ram my parked car cause I stopped him from beating his women.

Posted: 4/15/2024 10:25:25 PM EDT

[#25]

Tomorrow?
, it would take a few months to screw this thign into the ground.

Posted: 4/15/2024 10:25:36 PM EDT

[#26]

Considering I'm retiring in a few months, I'd collect everything the company owes me, file a suit for age discrimination, collect UE for a few months and laugh my ass off.

Posted: 4/15/2024 10:26:00 PM EDT

[#27]

I'd have a job soon enough.

but I'd be alright.

Posted: 4/15/2024 10:26:26 PM EDT

[#28]

retired already

no habla 'job'

Posted: 4/15/2024 10:26:53 PM EDT

[#29]

Quote History

Quoted:

He never shuts up about being awesome and retired.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:

Accurate but somewhat disingenuous.

He never shuts up about being awesome and retired.

Again...accurate

Posted: 4/15/2024 10:27:21 PM EDT

[#30]

This happened to me 3 weeks ago. Wife, 3 kids at home and 1 in college. I have 3 to 6 months before it becomes an emergency unless a big expense falls in our lap in the meantime.

I've been making as much or more unemployed than employed so far. Not stable or long term but so far, so good.

Posted: 4/15/2024 10:27:41 PM EDT

[#31]

I have 11 months of normal expenses saved up. So the wife and I would take a month or two road trip and then I would start looking for a new job.

Posted: 4/15/2024 10:28:01 PM EDT

[#32]

Just saw a report of OJ Simpsons finances over the weekend, in addition to other income he was getting $3600 a month in Social Security. I am getting $3200 a month lol, ole OJ was only doing 400 a month more than me.

I have a lot of good monthly income from my Fidelity accts as well.

The trick to surviving the OPs question is to have no debt.

There is school buses to be driven everywhere as long as you have been a good person and can pass all the requirements.

I have been driving school buss the 1 year since I retired. Making $31.00 an hour part time with full time benefits.

If you can, you lose your job, go drive a school bus. I love the kids, hella fun job.

Posted: 4/15/2024 10:28:13 PM EDT

[#33]

By my calculation I can take approximately 2 years off from work without any income whatsoever.

I have structured my life such that I can work part time in a gas station and not lose my house or starve.

Posted: 4/15/2024 10:28:14 PM EDT

[#34]

Always Be Looking

There is another job you can be good at

Posted: 4/15/2024 10:29:15 PM EDT

[#35]

I get to find a bridge to live under. Then probably die shortly thereafter.

Posted: 4/15/2024 10:30:47 PM EDT

[#36]

Not a problem, probably start looking for work immediatly.

Posted: 4/15/2024 10:31:41 PM EDT

[#37]

I have no job and no debt.

Nope, not homeless... just retired.

Posted: 4/15/2024 10:32:01 PM EDT

[#38]

Quote History

Quoted:

What was your situation in 2008?

"We" is overarching.

View Quote

I'll redefine "We" as too broad for most posters on this site.

Posted: 4/15/2024 10:32:03 PM EDT

[#39]

I would be fine.

Posted: 4/15/2024 10:32:19 PM EDT

[#40]

My company pays out PTO when employees leave. Right now they'd owe me for a month of PTO, which I could stretch to last a while before needing to dip into my retirement accounts.

Posted: 4/15/2024 10:32:23 PM EDT

[#41]

We can live comfortably off of my salary or my wife’s… no debt but our mortgage… and a rental property I could sell to basically pay off the remainder of our mortgage. Savings to cover 6 months of bills if we both got laid off at the same time, but we are in different industries so probably unlikely. It would still suck.

Posted: 4/15/2024 10:32:44 PM EDT

[#42]

I’d be ok. I could put my side hustles into high gear and make about the same as I make now.

Posted: 4/15/2024 10:34:06 PM EDT

[#43]

Could have another 3 jobs to pick from by the end of the week. Don't care.

Posted: 4/15/2024 10:35:03 PM EDT

[#44]

It'd suck bigtime, but I'd get by

Posted: 4/15/2024 10:35:16 PM EDT

[#45]

We live on less than 50% of our take home, and have 6 months of current life style saved in cash, a year if we really needed to.

We could cash out about 1/3 of our retirement and be debt free. At that point we could live off of unemployment, but that would suck.

I could probably have a job in a week or two, but at a big pay cut. She might have a harder time, she is in IT but a fairly specialized one with out many people doing it. So not a lot of jobs doing exactly what she does now.

Posted: 4/15/2024 10:35:30 PM EDT

[#46]

I'm a physical therapist.

I could find another steady job within a week or two. May not be my ideal position, but I wouldn't starve.

Now replicating my exact income would be tough. I lucked into a very high paying job for my industry.

Posted: 4/15/2024 10:35:56 PM EDT

[#47]

Quoted:
No severance pay, nothing at all. I have a feeling we're going to end up in a situation even worse than 2008.

View Quote

With what I have saved up right now, I could sit at my home and “ not hit a lick “ for 2 to 4 years.

Posted: 4/15/2024 10:36:56 PM EDT

[#48]

I'll be fine.

Posted: 4/15/2024 10:37:00 PM EDT

[#49]

If I only had my house payment I could stay for 7 years with property tax included. No other debt. Few expenses.

I'd just rent the house out and go live with my parents for free. They want me back anyway.

Posted: 4/15/2024 10:37:07 PM EDT

[#50]

have a couple of months' expenses saved and i could get a restaurant job tomorrow, but it would still be stressful until i found a new gig.

fortunately i'm a soulless government bureaucrat in critical infrastructure, so my job security is cockroach-level.

[ARCHIVED THREAD] - How screwed would you be if you lost your job tomorrow with no warning? (Page 1 of 5)

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