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Originally Posted by rrsteer My best wishes to you and your family and much love to your daughter. Hope all her wishes come true! |
Thanks @rrsteer
We are all trying to deal with living separately for now. Social media helps but is not really a solution. Looking forward to fix this in the medium term.
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Originally Posted by CarBot I will take steps on my personal front to make few changes that would help in managing finance better for these situations. |
This is most necessary. While I have never been a big spender, I have ended up losing money in what I thought were decent investments such as insurance. I delinked investments from insurance a few years ago, switched to basic term plans for health & medical.
Whatever little I don't put there I am putting away to close off loans. The home loan is a paradox though. I am at a stage in the last few years where I am paying primarily towards the principal outstanding (as seen in the amortisation schedule). Instead of paying that off, I am considering investing in say mutual funds and then keep paying the EMIs.
That will also keep me in check from taking another loan if I happen to forget these lessons learnt.
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Originally Posted by kiku007 If they want to send permanent employees away, then first and foremost treat the employees with respect and empathy. |
That is one of my biggest grouses. A small severance package would only be a fraction of their expenses, but I am sure some bright spark wants to show off to their bosses how cheaply they managed to downsize. For them it is just a chop off and not a surgery; if I can use that comparison.
The other issue I have is folks benefiting from downsizing efforts. I know of people who have shown x % reduction in costs only to claim benefits such as an upgrade in the company car or unnecessary business class travel.
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Originally Posted by mayankk However, I have learnt that you are not indispensable at any level. Do your job, but dont be owned by it. At this point, I am prepared at all times, because anything can happen at any time. |
Your story is very inspiring. Many of us are stuck in such jobs due to fear of taking that leap. This situation is only exploited further by those who consider themselves to be in a position of power and exert control.
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Originally Posted by Eddy For people who don't have inherited property, a home loan is sometimes unavoidable.
But a lot of people do not realise the benefits of using credit cards vis-a-vis cash -all expenses are documented and reward points can offer good freebies. |
I agree with the home loan part as of perhaps 10 years ago. If I were in the property market today, I would not even consider buying a house. It is way more cost effective to rent out a flat. It also keeps unnecesary purchases in check because one has the thought at the back of their mind that they may need to move soon. The level of junk I have hoarded in the past few years is unimaginable. But that is perhaps fodder for another rant elsewhere.
As for the credit cards, as long as one is able to repay without having to pay interest or late charges, it works fine. Though I find the point accumulation highly unused in my case, I do end up using the lounge facilities offered in airports for next to zero costs.
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Originally Posted by Guna I understand but you were valued during this one month and it is a good thing. |
Unfortunately I was not. A few weeks before I put in my papers, I was excluded from all meetings and my opinion did not matter. This resulted in further attrition in my team. In my last working week, few people came begging for advice. But it was too late to do anything as by then the horses had bolted.
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Originally Posted by speedguy Maintain strict working hours & give time to your family after the office DAILY. You might think that I give time to family on every weekends, but life is not only about weekends. Small but significant things are happening everyday. Be a part of it. |
Thanks for sharing the list. All are completely valid, but this one really hits the sweet spot for me. There was a time when I considered going home was a part of my working life. Now, coming to work is an important but small part of my life. It pays the bills so I would not demean it. But it is not the be all and end all any longer.
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Originally Posted by bullock-Car Such difficult times helps us to prioritise the life goals. Todays generation are more likely face uncertainties in all fields of life which is stressful. |
I am sure this is faced by all people at various stages. Perhaps with the wider reaching consequences, the impact is more visible these days.