2021 Has Begun!  How is your financial plan?

It may be hard to believe, yet we are already one month into 2021.  How did you survive 2020? How is your financial plan doing?

Still employed and working remotely?

Underemployed and raiding your retirement nest egg to make ends meet?

Regardless of where you are in this post Covid-19 world, now would be a good time to review your financial plan and reassess where you want to be. Maybe take some classes to improve your skills, for those who are underemployed. Even those fully employed might want to review their skillset and review what else is out there.

In the new Biden/Harris world there are jobs being destroyed and new ones being added. If you don’t want to be on the outside looking in, wondering what happened to your high-paying job of yesterday, now is the time to take stock.

Though many skills may be transferable there are plenty of skills that are not. Take a serious inventory of all the things you currently know, do on your job. Then search for other jobs, in different industries, that might need someone with your skillset or at least a part of your skillset.

List everything including, computer skills you may have that you only use at home or skills you picked up when volunteering at Church or food bank, etc. Any combination of these skills could land you your next position should your current one be deemed obsolete, unneeded by the current administration.

Also, review your financial plan. Do you have a 3-month emergency account to use to pay the bills while you find a new position? Can you build one in the current climate or are you just hanging on by a thread?

Doing your planning now rather than waiting for the worst to happen can lead to an easier transition to a new situation. Though change is scary, planning ahead can take a lot of the fear away.

Keep up the good work.

I believe in you!