Thank you for being so supportive and watching multiple videos of mine. I feel very supported 😁 And yes I 100% agree with you that we actually can create our own version of safety or even freedom if we have the discipline to save and invest. Good luck in building out your own FU fund too!

Thank you again for your support and encouragement! Yes indeed I didn't realize I was having golden handcuffs until this finally happened. So it's really both a blessing and a lesson for me.

Thank you I am glad you found them relevant! Thanks for watching too!

Wow that is really such a deep break down of an analysis. Am I right to guess that you were personally involved in designing and/or implementing a wide scale layoff, either in in house HR or from a redundancy consultancy? Either way, thanks for shedding light on this so more folks can understand and move on.

Thank you so much for your support and encouragement! I graduated right after Lehman brothers so I know exactly what you mean. I joined Merrill Lynch right after it was bailed out and acquired by BofA. So many Merrill senior colleagues of mine saw their net worth just disappear. My manager also previously worked 20+ years in Citi and only held Citi shares. When they went from $80 to $0.50, his retirement was basically wiped out. Just curious, which do you think is worse? the Lehman 08 financial crisis or our current cost of living crisis? It's also really tough to see your friends being incapable of finding new work. Some of it is controllable (i.e. get new skills), some are not (i.e. companies preferring younger cheaper labor) All the best to you and your friends in facing what is indeed a challenging moment!

@@9to5MillionaireMindset Thanks for the anecdotal comments. Interesting to see there's some parallel or overlap to our career paths. Your question: "Just curious, which do you think is worse? the Lehman 08 financial crisis or our current cost of living crisis?" Answer: Great question. My opinion. I would say the current (Inflation) crisis is likely much worse, why? Well I think there are multiple factors at play here. --> 1) Excess COVID stimulus | 2) The Current Crisis is Pervasive and Larger | 3) The ERA of Ai 1. It appears to be an existential crisis, in that it permeates all of society, and frankly the entire globe - it obviously is a direct result of draconian measures to "arrest the COVID spread". For the better part of 2 years, the largest economies essentially "grinded the gears" to stop the world from spinning (i.e. economies), and substituted organic GDP with a "cash" printing machine. Ergo creating massive "asset bubbles" (e.g. real estate / stocks / crypto / etc.) and (an) economic catastrophe that has not quite reached its apex. 2. The '08 Financial crisis was a sudden and isolated matter. It was somewhat "self-contained" (to major global financial markets) and quickly remediated. After all there was only ONE major corporate failure - Lehman Bros. Perhaps less than 1/1000 of 1% of the globe was impacted long-term . Whereas the current global Inflation Crisis is insidious, pervasive, more complex and several factors larger. 3. We are in the ERA of Ai. This is unlike any technological transformation the world has ever experienced, because by its very nature, Ai's premise is to replace SWATHS of human thinking and to a capabilities. Moreover, Ai will accelerate the disproportionate concentration of wealth. E.g. - Elon Musk today that TESLA will begin the mass production of Humanoids - - > like WTF right!! From a Labor Market perspective - the advent of Ai is and will be massively consequential for "Service-based" economies such as the U.S., since it's impossible to pivot as the "tech is also pivoting" (acquiring knowledge) concurrently. So what? Well, I would argue, the sign of a vibrant economy is rising "wage rate" above YoY core CPI (inflation). Macro perspective: as we are seeing today, as more companies PERMAENTLY reduce staff due to significant drops in Revenue OR due to Ai driven efficiencies, it will absolutely have a negative significant impact on wages, which will compel governments to engage in deficit spending to provide financial support to the populace. In effect, resorting to principal catalyst that creating the Cost of Living crisis in the first place, "Printing Money". Cheers! </end>

Thank you bro! I agree it's a blessing and a lesson. I have the opportunity to do my own thing now, including this YT channel so thank you for watching and for supporting !

Haha yes that's the best deal, more money but same or even less responsibilities

Yes I can and I will. It's already on my "to create' video list. Thanks for affirming it is a good topic to cover!

You are on the first step just by considering it and kick-starting your research. Even on the technical side, you are already in the business of sales because you have to sell and convince your internal stakeholders. So why not sell to external people and get paid for it? Do subscribe so you know when my next video on starting in sales will drop!

Great question and a very valid and real concern. I actually was fortunate enough to start saving and investing early on, so now I consider myself financially free. Do check out the first video in my channel called "I got laid off by Google and Now I'm Financially Free" if you are interested to find out more. Thanks for watching too!

indeed the famous saying goes "only your family will remember how late you work"

Thank you for the reminder that layoffs are indeed just part of today's career, and knowing how to navigate and recover from one is a key career skill. But it's hard to not take it personally (even though that's the right approach) as it's still a livelihood or a sense of identity for many.

I do my best to always look at the bright side! Thanks for watching and for your encouragement!

Much appreciated!

Thank you so much for your kind encouragement. It's a daunting new chapter but I am excited and positive. Thanks for watching too 🇸🇬🇸🇬❤️🇬🇧🇺🇸

Thank you for your support, and sorry that you are going through a similar situation. It is indeed a tough situation out there. What industry are you in? Do you think things will get better soon?

I actually graduated in 2010 (so not that early though I may look older 😂) back then google was hiring but mainly engineers so I didnt even get called for any interviews. So I worked for 8 years before finally getting a shot.

@@9to5MillionaireMindset understood the bad thing about computers is theirs a ceiling onve u become an accomplished engineer ant nowhere 2 go but down because you'll never b smarter than the computers creating anything smarter than you is the best way to outsmart yourself besides no disrespect but marketing departments are expendable basically glorified retail position if u put urself around people that look noting like u u will fell gd about ur accomplishment u have 2 help others and the rewards will come bk just my opinion

Thanks for sharing. I also agree it's important to have multiple skills and keep learning newer more valuable skills. In some sense this layoff is forcing me to relearn as well. Thanks for your encouragement and good luck in what you are doing too!

@@9to5MillionaireMindset funny thing is I'm tryna gt 2 where uv been but only part time or on the side I would never leave my manual job teck jobs r 2 unpredictable I stopped studying tec 2 get my class A CDL and real estate license just to always have a backup plan. u could always teach engineering I would pay 2 lern🙋🏿

That's a good strategy actually. To have multiple skills. I am already teaching digital marketing at a local university, but you just gave me an idea to see if it's possible to bring my classes online, so thank you!

Thank you my dear friend for your support! I am proud of your strength and resilience too!

Thank you for your support as always too!

Hang in there! It is indeed a really tough job market out there right now. I wish you only the best and that you find what you are looking for soonest!

@@9to5MillionaireMindset thanks just more a career advice. I have job now for about a year now but I’m not happy, it’s isolating. And i still have regrets leaving my old job although for a valid reason bad boss and politics at work, pay was good. Then went in to depression and anxiety disorder on and off for the last year. Told that i am pychosocial by therapist… I’m rambling… need some encouragement, i don’t know what is happening to me..

@@9to5MillionaireMindsetplease make more videos

Please make more videos

hope i can get thru this

Oh but I really am right now! It was really tough in the beginning, but after being grateful and seeing how everything happens for a reason, I am indeed happier now. Thanks for watching and commenting!

@@9to5MillionaireMindset You're so right! Everything happens for a reason! ❤

Thanks for watching too! Indeed I like to also think that I created this video for a reason and you watched it to encourage me for a reason too ❤️

Hey thanks for watching! I actually meant that I was living paycheck to paycheck when I was younger. And I am really grateful that I no longer have to live like that. Thanks for commenting!

Thanks for watching! And thanks for your support!

Thanks I actually did manage to save most of that and even invest them , so I am grateful for being financially free now.

​@@9to5MillionaireMindset That's awesome. I'm glad to hear that. Best wishes for your future job.

Thanks for your support. All the best for your future too! I am hopeful that good things are still coming our way

Yes Grace and it also opens us up to new networks and friendships like ours too ☺️

Thank you too for your support across my many videos!

Thank you for watching. I am glad you enjoyed it. And what would your feelings be if you had to go through a layoff now? Sad or liberating?

Thank you for your support and for watching! 🫡

Haha I hope I am not that bad 😂 perhaps you can check out my first video in this same channel called "I got laid off by Google and now I'm Financially Free". Hope you enjoy it!

I feel you, that's one of the toughest positions to be in the workplace. I hope my video helps you a bit and you are able to build your own career soon.

That's awesome man we need more people like you showing the rest of the world that it's possible (and sometimes even better) to go do your own thing

It's crazy right. At one point I realized what I made in 3 months was what most people make in a year (including myself when I first started working). Then I found out my bosses were making well over 1M, and their bosses were making 2-3M or more. You then realize the sky is the limit if you really work hard and play your cards right, but you can also easily slip into a lifestyle of comparing with others and never being satisfied or knowing what is enough.

I am grateful you found it useful! Please subscribe so you can help my videos find others like you to view it and possibly help them too ☺️ Wishing you alll the best too!

Thank you, I still consider myself lucky to have worked 8 years in a great company like Google. You take care too!

🤦‍♂️🤦‍♀️🤦

Thank you, I hope you find your version of freedom soon too!

That's actually a great example, thanks for sharing! I also understand that once things become more stable, he then paid a decent bonus to everyone who went through the tough times with him.

I am glad you liked it. I hope you have moved on, found meaning to what you have experienced and are in a better place now!