Hi all
I work on contract as most folks know. Today I am stress testing my plan if I was NOT renewed and did not find work for 6 months, had no 2 flat rent and 30% vacancy across the rest with no 'other payments' coming in.
Enlightening!! Makes me feel grateful to have a job. I encourage all of you to do a similar exercise.
Attached.
Stress testing-Scenario no job past 12/2017
October 6th, 2017 at 03:47 pm
October 6th, 2017 at 05:27 pm 1507310834
October 6th, 2017 at 06:06 pm 1507313209
October 6th, 2017 at 11:12 pm 1507331539
Risk is such a vague word. Putting numbers on paper make it much clearer what is really involved.
Change any of your plans after doing the stress test?
October 7th, 2017 at 03:54 pm 1507391669
October 7th, 2017 at 07:14 pm 1507403648
October 8th, 2017 at 04:07 pm 1507478852