Dominique Got Canned: Do You Have A Plan?
By Karen Ballum on September 07, 2011
Let's not gloss over it -- when Dominique Browning got let go from Conde Nast, she was in a better position than most of us. She didn't have much debt. She owned two houses. She had investments. She had options that meant that she was able to take the time to get back on her feet. That's a luxury that most of us don't have.
Browning was also smart. As she discusses in Slow Love, she didn't live beyond her means. When the time, came she made the pretty smart decision to sell the house that would have cost her the most in upkeep. She was undeniably in a privileged position, but she also made some smart money decisions.
The loss of income ... it's the kind of thing that keeps me up at night. I think about the things we need to have -- shelter, heat, food, Internet. I know, you think I'm joking about that last one, but with our jobs, both current and potential, the Internet is not a luxury but a necessity. I think about how we could spend less. I think of the things I've bought that I did not "need." I think about budgets and plans and so many things as I watch the moon move across the sky.
We don't really have a plan. I mean, we have one but we don't. It's not all written down on paper with numbers and stuff. That seems too ... real. Too scary. It would feel as though we were inviting it to happen. But we've been down this path before. We both worked in high tech. We've watched tech giants, corporations that really were too big to fail, go bankrupt. We've been through lay-offs, both as the people getting laid off and the people making the decisions about who goes. One of us is in a position that invites more "what ifs" than the other, and we're more prepared for that scenario ... but are you ever really prepared?
I know I can't be the only one that thinks about this. Not in these ... what is the term that is currently in vogue? Right. Not in these "uncertain economic times." Do you worry about this, too? Do you have a plan?
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