This is Part II in a four part series. Read the original story here. Our RIF’d (reduction in force – another way of saying “laid off”) friend shares three strategies he should have employed to be prepared for an age-discrimination-induced-termination.
(1) Financial discipline.
I was preparing for retirement. But, I should have done better. Saved more. Hired a financial adviser; not some brokerage flunky. Been more focused on the “what if”. What if the bridge comes up short? That was a question I should have been asking all along. How’s your financial pyramid? Can it stand up to a tsunami of a premature job loss?
(2) Diversified income stream
Followed my own thinking, I should have created my own internet business. Hard to do, yes. Shoulda, coulda, woulda. They will kill you. I had ideas that I could have “spun out”. The internet is perfect for “part time” jobs. Instead of trying to convince younger people to do it, I should have done it myself.
(3) Recognition and self-defense
That Last Company was mucked up. (Maybe that’s why they hired me.) Should have done something different. They were a rickety bridge. Maybe I should have kept looking for a better one.
What are your strategies to combat age discrimination?