No job feels completely safe today. Technology, changing business requirements and economic conditions can affect careers unexpectedly.
While we cannot control everything that happens at work, we can build better financial and personal habits to stay prepared.
1. Up-skilling
Technology is changing very fast. Keep learning and improving your skills.
If you consistently deliver better performance, you become hard to replace.
2. Saving & Investing
Save and invest 25-30% of your income in appreciating assets like equity and gold.
Also, ensure you have term insurance, health cover and an emergency fund of at least 6 months of expenses.
3. Loans
Avoid big ticket size loans for 20 years. Once trapped, it becomes very hard to come out.
If you take a loan, go for 30-40% down payment and keep EMI within 30% of your salary.
4. Side Hustle
No job is guaranteed. Work on building multiple income streams.
Even one extra income source gives next-level confidence in life.
Build your skills, maintain financial discipline, manage debt carefully and work towards creating additional income sources.
This article is for educational and informational purposes only. Investment, insurance and borrowing decisions should be made after considering your individual financial circumstances, risk profile and applicable terms and conditions.