Have backup money for next 2 years and passive income for food and utilities

That's great and where I would also like to be. Can you please share how you have built your passive income source

Consultant

For first few years was dependent on salary, now passive income from stock dividend, rental income, fd interest

Software Developer

I don't have any backup plan... I used to clean tables in a pub now I am handling marketing for a diamond manufacturing company. I have no formal education nor do I have enough money. What i have is experience and courage to start over again. I prefer to sell bananas on streets than diamonds. But at the moment diamonds are paying enough.

Marketing Manager

Stay with parents and look for another job

Senior Designer

Kuch toh kr hi lenge 3-4 months mei toh koi offer milega hi. Plus have some savings for mental peace, I have so I can be chill for 3-4 months

Software Engineer

This is exactly where the emergency corpus will come in handy.

What if you lose your job tomorrow and are not able to get another offer?  What is your back up plan? Do you have an alternate income source or any idea?  Looking for guidance

What if you lose your job tomorrow and are not able to get another offer? 
What is your back up plan? Do you have an alternate income source or any idea?

Looking for guidance

What is your back up plan

What is your back up plan- Grapevine

Welcome to Software Engineers's Private Community

General question to all the folks who are in IT industry for more than 10 years. What do you think your career path in IT will be after the age of 50 years considering AI and Automation. 
Also as we move up the ladder the number of roles decreases significantly. 
For more experienced people switching different companies also becomes quite difficult. 
What is your backup plan for this?

Career in IT after the age of 50 Years

Business Analyst

Welcome to Indian Startups's Private Community

With the current cost of living, expenses and the fact that the job is not secure do you guys have a backup plan or any side hustles that are safe to start?

Do you all have side hustles?

Welcome to Personal Finance's Private Community

Rampant layoffs and uncertain job conditions really pushed all of us to realise the importance of having a passive source of income beyond your day job. If you have one, please comment and let others know.

I am aware of trading as on option but haven't been taking that seriously. Would love to know from the community.

What's your secondary source of income?

Hello good folks of grapevine, I am very confused with my situation right now. I am currently working at a consumer tech unicorn in a strategy role but really burnt out with the working environment. I have no clarity on my roles and responsibilities which keeps changing every week. I am not learning much either. I am planning to quit without any offer in hand (notice period is 2 months, I have enough to survive 5-6 months). I am an IIT-IIM graduate (old ones). Total YOE ~ 4.5 years across strategy consulting, project management and strategy at current startup. Please suggest. Folks who have quit without any offer in hand, how did it work out for you?

I am very confused and lost. Planning to quit my job without an offer in hand. Need suggestions.

Strategy & Operations

Welcome to Product Managers's Private Community

What are the ideal options out of the PM roles and what kind of profile is required for the same considering I've started my career being a PM only?

Is an MBA required for these roles?

Exit options from PM roles

Product Manager

Welcome to Business Roles's Private Community

I recently changed my job, 3-4 months back.
It was a hard time finding a good job profile with good offer, after almost a year of searching amd giving interviews i found my current job. Luckily, my interviews were very good and i was offered more than what i had asked.
After joining team, i realized that they are looking to prepare for some regulatory changes and my role was pivotal in that. I kind of got to work and contribute on my own and my manager and his boss liked me. I was getting set but then last week, company announced some changes in top leadership and my manager's boss got a new boss. Now this guy seems little tricky and i don't know what all changes he would bring. As of now he seems to be sure of expanding the team/work that i do (related to regulatory stuff).

Now, these changes has got me a bit nervous. And i am kind a bit afraid about my job and its future. This is causing me stress. Any ideas or thoughts that can help me navigate.

How to handle changes, stress and fear of getting fired

Equity Research

A mist this market lay off’s i am constantly in stress and anxiety. Am i the only one who feels this way. 
How do i cope up with this? Any help suggestions

Constant anxiety and stress

External Audit

Some of us here are laid off due to various reasons, what are you thinking about your next move? Would you want to pursue job hunt or look for an alternative career? What would be your alternative career if not for IT job? What is your source of passive or active income? A thread below 👇

Alternative career for software professionals?

Lawyer

I've been sensing some uncertainty at my workplace, and it's making me think about preparing for the possibility of layoffs. 

1. How does one manage uncertainty before a layoff, and what should be the mindset?

2. What practical steps do you take financially ? Any insights on budgeting? 

3. In a job transition, how do you proactively develop skills while managing work 

I would like to hear your thoughts and advice on how to be well-prepared mentally, financially, and skill-wise for possiblity of layoffs

How to prepare for a layoff ?

The things you will take care of or do after the layoff

What would you do if you got laid off from your job today?

Analyst

Welcome to IT Company Discussion's Private Community

Is it time we should start thinking about other than IT as there are uncertainty around jobs and Indians are easy targets for any recession. 
Not every layoff is due to bad performance but it is a layoff indeed. To avoid such dilemma and fear, should we move out of country or IT?

Should we stay in IT or look for something else ?

Im a Product Manager 1yoe in a SaaS startup.
I had a good experience in the first year. I got to build a product 0-1, competitor analysis, work on creating prioritization frameworks, UAT, content marketing, wireframing.

However, since January the compamy started their stabilization phase, and PM's are now taking care of Sales and lead generation(Content, Ads etc.). The nail in the coffin is we are getting dragged to follow up renewals( Customer Success) 🤢

Im currently motivated to building something new, and it feels like we are being dragged into everything as the company does not want to hire. With no pay hike or any adfitional benefit.

Please advice. Should I look for a new job?

Need advice

Hi folks,

I got laid off today from a YC-backed startup (W23) citing a shift in product focus. Was part of the core team since Oct '21, initially as an intern then later converted to FTE in '22. Got a decent (30%+) increment this year. I was leading the mobile platform but currently, I'm on a notice period. CTO is supportive and helping me via their network.

I'm a recent graduate and this is my first time experiencing a layoff. What should I do now? What things should I keep in mind looking for the next opportunity? 

Also, if you are hiring and looking for a full-stack engineer, do reach out via https://t.me/GrimBeard75

Got laid-off from a YC backed startup

Product Engineer

I’m currently working in a support project and whatever I heard from my seniors and fellow guys at work is that nobody stays with this client and company for more than a year or two. I joined here as a fresher with some really good dev skills but the work and tech here is not allowing me to put them to use. I’m feeling like quitting from here, but again need to brush up my skills as I did not put them to use over a period of 14 months. Also there is a lot of micromanagement going on and I’m not comfortable with that. No one takes ownership of work and tries to push it to you and make you work on it.

How to get out of support projects?

In case of forced attrition (layoff / pip / toxicity etc) when you left a job without an offer. How did you mange your time?

What to do while you wait for Interview calls?

Welcome to Office Gossip's Private Community

was neglecting my mental health for long time...due to unrealistic deadlines and pressure today got a panic attack at work felt light headed and almost passed out.. currently i am not having any offer in hand so should i quit?.. don't want to my physical health to deteriorate more but i am really confused..not having any responsibility as such..having around 5 6 months corpus and can shift to my home and save more but still that uncertainty and fear is there which is making me miserable day by day

Got panic attack

I got laid off in Jan. Took 4 months to land a job finally and joined a new company in May.
This new company seems to be silently laying off people now in the name of cost cutting and likely be trying to raise next round of funding although they previously raised previous round in Aug-2022.
Although right now it's more of they need me (my role, I'm the only person of this role) more than I need them, I'm 70% confident that I might not be impacted, but the 30% chance is keeping me sleepless. What do I do? Pretty traumatized from the first layoff.

What should I do?

If you get laid-off, would you look for a new job immediately? Or take a break? Or explore for an alternate career?

Senior Software Engineer

is it a good idea to resign without a job offer ?
Lately, I've been in a very bad office culture which impacted my personality poorly. I started having self doubts, problem in my marriage (got married 1 month back but my manager didn't granted me leave so didn't got a chance to celebrate my marriage, not even the honeymoon) , problem with my health (cholestrol level raised severely high), lost 5 kgs, grey hairs and what not. 
so, my mind is telling me to quit the job, take a gap, travel somewhere freely without carrying a laptop and again after 2-3 months , get back finding a new job.
but i am also scared that what if I dont get a job again? what if i dont get opportunity for working with such a big organisation?
what are your thoughts/suggestions ?

Genuine Suggestions only, no tafree 😂

Data engineer

Let's say your performance was really good, you delivered the tasks on time and all of them were approved, you talk nicely to people but you aren't a people-pleaser and not from the cofounder's place and hence your co-founders chose to fire you. What will you do?

What is your back up plan

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