Wednesday morning at 6:45 AM I received a text informing me that my employer’s facility was on fire. I immediately began praying, “God help us. Is everyone ok? How is this going to affect all our jobs? What are we going to do about all our customers deliveries? etc etc.” I was scared. So I called one of our managers who had been up since 3:00 AM to find out more details. Much to our relief it wasn’t the main facility. It was a warehouse that is very unfortunate to lose but thankfully doesn’t devastate the whole operation. Here is the report by a local news channel.
This got me thinking… What would I have done if it had been the main facility and, worst case scenario, our income ceased immediately? I’m very thankful and blessed to be in a position to have some margin that would allow me to provide for our family for a few months in order to find new income. That would be very difficult but it would be better than not having any margin at all.
So many people are living paycheck to paycheck with no savings whatsoever. So many people are so confident in job security or company stability and never consider the possibility of being laid off or terminated. But what if your employer burned down? It wouldn’t matter how important your job is or how good you are at it if the employer is no longer able to employ you. Yeah – there’s unemployment and other things that would help, but as far as I know it doesn’t cover full compensation and it doesn’t last forever. What would someone do if it was difficult to find another job, unemployment wasn’t enough, and they had no savings to help during the difficult time?
What are you doing to make sure you have some margin in your finances?