Here are 3 key takeaways from Lynnette Khalfani-Cox’s interview with Chris Taylor at Reuters
Building resilience involves taking care of physical and mental well-being, not just financial stability.
Stress-testing personal finances and creating a safety net are crucial for bouncing back from unexpected life challenges.
Establishing a strong social network and seeking professional help are essential for overcoming adversities and achieving financial stability.
The article discusses the challenges faced by workers laid off in mass layoffs despite a flourishing U.S. stock market and robust economy. It introduces the book “Bounce Back” written by Lynnette Khalfani-Cox, which addresses various life-changing issues such as downsizing, debt, and unexpected disasters.
The book emphasizes the importance of resilience and provides tips for bouncing back from adversities, including taking care of one’s physical and mental well-being, stress-testing personal finances, building a strong social network, saving for emergencies, and seeking professional help. It also highlights the significance of government programs in supporting individuals during tough times. Read the full article, Bounce back better: tips on financial resilience on Reuters.