How to never stress about loosing your job again?

After going through the Covid crises and after seeing the stress of job loss and health predicaments, we all saw the importance of planning and saving.

How should we go about doing that? Form keeping money aside to keeping the right attitude at work, these are few tips on how to ensure to keep your job and grow in it, and how to be safe if you unfortunately find yourself without an income for few months.

Saving

The first thing is to have an emergency savings. This will help you in times when you are unable to work, or if you suddenly lose your job and need time to look for another one. Ideally, you should have enough saved up to cover your living expenses for at least three months.

If you don’t have any savings, start by setting aside a small amount each month. Even R50 per month can add up over time and give you a cushion to fall back on if necessary. If you can manage to save more than that, even better. Once you have built up some savings, resist the temptation to spend it on non-essentials. Only use it in case of an emergency. Ensure that your saving account gives you high interest return so you can get more for what you put in.

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Investments

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Insurance Packages

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Second Stream of Income

A second stream of income can help you while facing difficult times and gives you a safety net to fall back on if necessary. It can also help you save more money for retirement or other long-term goals. There are many ways to earn additional income, such as through freelancing, investing, or starting a side business.

If you’re not sure where to start, consider ways to make money from your hobbies or talents. For example, if you like to bake, you could sell your goods at local farmers markets or start a home-based baking business. Or if you’re good at handyman work, you could offer your services to neighbors and friends. Brainstorm other ideas and then take the necessary steps to get started.

Isikhungo Sabantu Financial Services Cooperative IS FSC - The 5 Essentials for Building Lasting Wealth
Business & Entrepreneurship
ISFSC

The 5 Essentials for Building Lasting Wealth

Discover the essential steps for building lasting wealth in our comprehensive guide. Learn about financial education, goal setting, smart investing, disciplined saving, and adaptability. Start your journey towards a financially secure future today!

Read More »

Work Attitude

Your work attitude is one of the most important factors in whether or not you keep your job. Employers want employees who are positive, enthusiastic, and willing to put in the extra effort when needed. If you have a bad attitude, it will be difficult to keep your job for long.

There are a few things you can do to make sure you have the right attitude at work. First, be punctual and reliable. Make it a point to show up on time and don’t take excessive days off. Second, be a team player. Be willing to help out your coworkers and chip in when needed. Third, be proactive and take initiative. If you see something that needs to be done, do it. Don’t wait to be asked. Finally never say no. If you don’t know how to do something, try it, find a way, google it, or get assistance from your coworkers. Employees that find problems and excuses not to work are always the first to get fired. Be resourceful and bring ideas to the table, the more you are indispensable, the more likely you are to be employed for a long time and grow within the company.

Keep Learning

In today’s competitive job market, it’s important to keep your skills up-to-date. Whether you’re taking courses to improve your technical skills or learning new software programs, continuously learning will make you more valuable to your employer and increase your chances of keeping your job. It will also make you more marketable if you ever need to look for a new job.

If your company offers tuition reimbursement, take advantage of it and sign up for classes related to your field. Or if there are no formal education opportunities available at work, look for courses online or at local colleges and universities. There are many options available, so you should be able to find something that fits your schedule and interests.

Conclusion

No one can predict the future, but by following these tips, you can increase your chances of keeping your job and weathering any storms that come your way. Saving money, having a positive attitude at work, and continuously learning new skills will make you an indispensable asset to your company. So start taking steps today to secure your financial future.

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Isikhungo Sabantu Financial Services Cooperative IS FSC - The 5 Essentials for Building Lasting Wealth
Business & Entrepreneurship
ISFSC

The 5 Essentials for Building Lasting Wealth

Discover the essential steps for building lasting wealth in our comprehensive guide. Learn about financial education, goal setting, smart investing, disciplined saving, and adaptability. Start your journey towards a financially secure future today!

Read More »

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