Thread by @shyamsek

When work lives change, personal math changes drastically. When math changes, plans need to change too.
We tend to be anchored to plans. But math won’t support.
How quickly we change our #financialplanning counts.
But, most of us lack precise plans.
What next? 1/7
@ithoughtplan

When you are caught unprepared for sudden change, what’s the best response? Here, most of us fail to think clearly. We wait for things to get better. We let hope run our lives. But, what if life needs to change quickly? Are we not letting precious time lapse? 2/7
@ithoughtplan

Nobody planned for lower monthly income, sharp dip in asset prices & constant monthly EMI’s. Triangulate the three and you know what we are up against. This simply can’t wait. We need to put up our best response. So, getting ready is not an option. #PrepareNow 3/7
@ithoughtplan

If firms are cutting costs overnight, dropping people, selling assets & fighting hard to stay alive, the message for us is simple.

We need to do the same thing. We must toughen up, think hard, decide our actions & #JustDoIt .

#PrepareNow under #lockdown . 4/7

@ithoughtplan

A peculiar #forcemajeure #personalfinance situation is here.. Lost a job, or got a deep salary cut. It is a financial emergency. In emergencies, we need cool rational thinking to gather ourselves, rethink life & slowly grow it back. So #PrepareNow with a method.5/7
@ithoughtplan

Finding money within whatever we got. Paying off whatever we can. Keeping money for any emergencies. Staying prepared during the worst of times. Nothing can wait. Certainly, praying alone won’t help. #PrepareNow during #lockdown. Act quickly & decisively. 6/7
@ithoughtplan

#financialplanning is no more an option. In a recession headed world, it is a necessity. Getting it now is insurance. Working with a stand-alone, independent, planner who only discusses risk mitigation, strategies, financial security & growth must be priority. 7/7
@ithoughtplan