Job security is something taken for granted in the past. Unfortunately the present and future harsh realities attached to a Job are:
Being laid off
Receiving your pink slip
At Logicals, we help you to secure your financial future by our objectivity in advice and expertise coupled with transparency in transaction. Our expert financial advisors analyze all your existing investments and evaluates them based on their merit. It helps you in not only recognizing the financial mistakes made in the past but also recommends the necessary steps to correct them.
Does your family have enough money to survive without an income for six months?
What are your family's priorities?
What are the luxuries that you can do without?
Are you prudent in your spending?
Should you start saving to create an emergency fund?
How much should you save?
How long will it last?
Any of this can happen to you simply because the company wants to become more efficient, cut expenses or make short term profits. Losing one's Job is the most stressful among various life altering events such as death, illness, etc. On an average, every professional receives a "pink slip" at least twice in his/ her career. The average time it takes to find a new Job is 6 months.
Keeping in mind that loss of Job is an unplanned event that inevitably happens in every individual's life, a certain level of financial planning or preparedness for the event is desirable.
Not only does the loss of a Job hurt your ego but it also adversely affects your financial security and derails your retirement plans. Loss of Job to most people is the toughest time of their lives because:
Managing the needs of their families, while searching for a Job is tough
The stress involved can take substantial emotional toll on the entire family
The impact of bad financial mistakes made in the past is pronounced during this period
Instead of letting this ugly situation overwhelm you, be prepared for such an eventuality. Logicals shows you the potential alternatives in such an eventuality and offers you suggestions to tide over the situation. Talk to our financial advisor about evaluating your financial decisions and creating an emergency fund to tackle the situation.