This month, 3 women - each in a different decade of their lives - talk to The Good Girls about their “backup plans” in the event of redundancy. We touched on what our careers mean to us, how getting laid off affected us financially and emotionally, and the lessons we learnt coming out of such an unfortunate event.

Special thanks to Lili and Megan for agreeing to share their experiences and stories with us. Timestamps

(00:00) – Episode introduction.

(00:29) – Introduction of the three podcast interviewees: Lili, Megan, and Deborah.

(03:10) – Introducing the podcast topic: retrenchment.

(03:45) – Have you ever been laid off before?

(09:05) – What did the experience of being laid off teach you?

(15:31) – From your experience of having been laid off before, do you have a Plan B or what do you hope to do differently it if does happen again?

(21:39) – How does a job loss impact someone depending on the current financial responsibilities they have?

(28:02) – Have you been tempted to start your own business to do away with the risk of retrenchment?

(34:59) – How one’s psychological and emotional safety can be affected in the event of retrenchment.

(39:59) – Are there financial tools available that allow consumers to adjust their investments based on their needs e.g., flexibility in the event of being laid off?

(40:44) – The inevitability of retirement and the importance of financial planning for retirement.

(42:06) – Key takeaways and lessons from the episode interviewees.

(47:00) – If you’ve been recently laid off and need introductions or boost in visibility, please reach out to the Good Girls.

(48:24) – Episode outro

If you’re curious about a particular investment or personal finance topic and want the Good Girls' to talk about it, drop us an email at goodgirlstalkaboutmoney@gmail.com.

Disclaimer:

The advice shared in this podcast has not taken your personal risk and finances into consideration, please seek the advice of your financial advisor before making any decision about your money.