I was just reading the news this morning on Google and ran across another sad story about our collapsing world economy. This time it’s Nissan announcing major cutbacks. 20,000 jobs will be lost. But that’s not the part of the story I wanted to point out. Take a look at what the CEO of Nissan said:
“In every planning scenario we built, our worst assumptions on the state of the global economy have been met or exceeded, with the continuing grip on credit and declining consumer confidence being the most damaging factors.”
Get it? Even the people running the most successful corporations are getting blind-sided by the collapse. Their worst case scenario planning is being surpassed. Has your worst case scenario planning been surpassed yet? Do you have a worst case scenario plan? No matter what your plan is, or your prediction for the future, you might want to spend a few minutes thinking about what you’d do if you lost your income.
I know that’s a dark topic, so don’t dwell on it, just ask yourself what you’d do differently today if you knew that you might loose your job or house in the near future. It’s not paranoid anymore; it’s prudent.