The news on redundancies keeps coming during 2023. We had the news last week that Accenture are making up to 850 positions redundant and we are all too aware of the redundancies announced by the various tech firms earlier this year.
I am reminded of this phrase from Mitch Anthony when I think about people going through the redundancy process:
“When life goes in transition, money moves.”
Too often we see people being made redundant and they make snap decisions. They take the next (similar) available position, cut back on spending, and move the pension pot to whatever you are told to do. Essentially, just transition to another role that looks and feels exactly like the old you. Comfortable, right?
I think this moment in time, while unwelcome and no doubt stressful, provides the perfect opportunity to take a step back and reconsider everything. Maybe this is the perfect opportunity to reevaluate everything in your life.
What about taking some time to consider this:
• Am I living my best life?
• What does my best life look like?
• What and who are most important to me?
• What does my ideal job look like?
• What does fulfilling my potential look like?
• What are the big things that I still want to do but have left on the back burner?
Breakthrough, not breakdown
I have a friend who recently went through a redundancy. She told me that rather than this being close to “breakdown”, she took the time to make this a “breakthrough”. I love this.
You can only do this by taking your time. What is it that you want to be doing in 5 years’ time? What about in 10, 15 or 20 years? Is now the ideal opportunity to explore all these options and set yourself up to live a life full of opportunity and fulfilment?
I’ve no doubt that some people that are going through a redundancy right now are enduring an enormously stressful time and may well be reading this with gritted teeth and clenched fists. Here’s what I would say to those people:
• I completely understand that this is a very stressful time.
• The most successful people in any field all have coaches and or mentors.
• Find yourself a committed lifestyle financial planner and go through a process of exploring what your best life looks like.
We’re here to help
If this is you, please reach out to us at Metis Ireland. We will offer a full lifestyle financial plan (we call it the Metis LifePlan) for free to anyone who has been recently made redundant.
No catches, no obligations. To be 100% transparent, we believe that by offering this service we will add value to an entirely new cohort of people who may well become advocates for us in the future. And a small few may well become clients of ours, as we advise on redundancy lump sums and pension pots.
Please share this with anyone who is in this boat. We want to help and maybe demonstrate that this is just the dawn of a new and exciting era.
Metis Ireland Financial Planning Ltd t/a Metis Ireland is regulated by the Central Bank of Ireland.
All content provided in these blog posts is intended for information purposes only and should not be interpreted as financial advice. You should always engage the services of a fully qualified financial adviser before entering any financial contract. Metis Ireland Financial Planning Ltd t/a Metis Ireland will not be held responsible for any actions taken as a result of reading these blog posts.