Given so much firing happening
I fear what will happen when I am fired at mid age like 40-45 y old and then no company will employ me.
I will be on road and so will my family😭😭😭

likefunnyhelpfuluplifting
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this is a valid concern, not everyone continues to work till CXO levels. the pyramid is pretty lean at top. in my case i have already started investing to prepare for retirement at 45 (i am 34 right now), if i am not fired i will quitely quit at 45 and see how long it goes on.
PS: this all by assuming i get 12% annual returns on my investments and i am able to build 3cr corpus at 45 while spouse will continue to work for 5 more years beyond my retirement.

likesmarthelpful

@Citi don't act smart 3 cr is still more than enough 11 yrs later even with paying rent or mortgage

likehelpful

If you know your future somehow.. why don't you plan it? If you knew and you still not planned to live a good life by the time you 45, it's your mistake.

Planning can be financial- having a own place to live, saving enough for kids education etc, having a second income source. Planning also be skills wise on what you can do if you really lost a job.

I was once talking to a VP and he said if he lost his job he can always drive an uber. So be positive. If not this , we will do something different. Problem is we are attached to materialistic things and show off ego that we fear we will lose the lifestyle we have now. What big deal if I live in a smaller house and go on public busses instead of a car now. Will I a person become smaller?

So change your attitude and perspective towards life . Stop worrying about what will happen. We do not even know if we will live till then or not. Live in the moment. Be happy. Plan for a better future for your family and do best you can do. Leave rest to nature or God whoever you believe in.

likehelpfulsmart

Yes

Recent IconRecent

Nobody knows the future right. Don't ruin your present by thinking about future. Keep yourself updated with latest trends and technologies. Invest your money to beat inflation. Keep it simple. Don't think unnecessary things too much. Hope this helps.

like

It is not abt age. It is the salary u hold when u are fired. If a person with 15 la is fired he can get a job again in market. If a peraon with 45 la is fired it may take months for him

like

What if that 45 lpa person is ready to work for less?

like

You are earning more than 95% of Indian population. So even if you get fired , you can fallback and still bd better than 75% of Indian population.

stop worrying.

like

You might be right, you will definitely be less in demand as IT is for young workhorses and you usually peak by 35. After that you begin to loose steam and by 45 most of us guys migh not have a position since the IT pyramid cannot accommodate everyone. We don't have big problem now, due to IT still being relatively new and we don't have lots of 45+ people. Probably just like actors in film industry, some of us would just be unemployed.

like

Tech and ctc ?

like

10 years from now is more than enough to achieve Financial Freedom bro, work towards that, then live for the passion, it can be a job, a business, or just randomly traveling like a hippie.., joing acting classes, give auditions for villain roles, whatever you want to do, you can.. but first have enough investments to support your life needs

like

Cause I would do that!!? :D A villain is much cooler and practical than the hero.. Madness is like gravity, you just need to give a push..

like

Long straight trees get cut unless they have some protection.

Its not just about earnings you need to worry about. Even if you have enough doug at your retirement by the time you are 45/50, what will you do with your time?
We need a reason to live and that needs to be built up leading to your retirement else its very hard.

like

No investments? No savings?

+1

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