In addition to tips on staying employed for life, Mike Zimmerman’s article Income for Life — Guaranteed! in the October 2009 issue of Men’s Health also covers what to do if you find yourself downsized.
Strategy 1: Reassess what “important” means to you.
“Your time, energy, and money always go to what's important to you, no matter what you say is important,” says Larry Winget, author of It's Called Work For A Reason. “Part of your preparation is to know what's really important.” In your plan, ask yourself: “Do I want it, or do I need it? Can I live without it?”
Winget says, “You have to know in advance what you can't live without. I once had an unemployed guy tell me, ‘I can't disconnect my cable -- the final episode of The Sopranos is in 2 weeks.’ I said, ‘You're an idiot.’” Knowing now what you truly can’t live without will make all your choices easier on the day you actually have to enter that mode.