May 4 2020, 01:31 PM
QUOTE(jadjad @ May 3 2020, 09:18 PM)
I will be starting my new contract job tomorrow. On my last day of my previous job, I felt relieved cause after this I can start fresh, new environment, new pay and new opportunity to prove myself. But then due to current situation, the panic start to kick in, cause of LIFO. There is no turning back now. Godspeed.
No turning back now, my suggestions:- start your own company now just in case. LLP is not expensive
- save the 40% and build up your buffer. Invest the cash in Wahed Invest or Stashaway, easy to pump money in, takes days to withdraw. Read the finance section of LYN
- don't stop networking/LinkedIn. You need your brand to be known out there in case something happens.
- if the company doesn't provide it, invest in Perkeso/Socso. Roughly RM600 per year for self employed
- spend time training. Lots of free resources out there especially in the IT field
Best of luck. I've been on contract roles for a few years already, it's not so bad once you have your cash buffer and networking sorted out
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