In this week’s My Two Cents, the Cut’s financial advice columnist speaks with Haley Saks, a.k.a. Mrs. Dow Jones, about surviving job loss and founding her own business.
producer Lorne Michaels — and she felt devastated. “I was completely unprepared,” she says. But sudden unemployment forced her to get serious about a side project she’d been quietly pursuing: creating funny, educational content around personal finance long before financial influencers were a thing. “I wanted personal finance to be cool and aspirational,” she says. “I wanted people to talk about it at brunch with their friends.
When I was laid off, it was scary and horrible and heartbreaking. I had no clue it was coming. But of course, even if you do, you can’t just save up an emergency fund within two weeks. In my case, I was used to living cheaply and working odd jobs — I’d been a babysitter and worked at Pilates studios for years — so I could piece things together. And the job I got laid off from hadn’t paid me very much to begin with.
Finally, if you have a sense that things are looking bad, Google “warn notice” and the state where your company is located. It should take you to a government website where you can search your company’s name.requires companies with more than 100 employees to provide notice of at least 60 calendar days before a closing or mass layoffs.
Then, when I got the job with Lorne Michaels, I wanted so badly to be respected and taken seriously there. And on the first day, they sat me down and asked me about 401s and health insurance, and I was like,It was clear in that moment that I needed to become fluent in that language. So I did what any self-respecting millennial does: I went to the internet and searched for those terms, and I was really uninspired by what came up to learn from.
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