I was laid off at 56 and what I did next

00:17:20
https://www.youtube.com/watch?v=izzonpn5OcY

Sintesi

TLDRIn June 2018, Raina, age 56, was unexpectedly laid off from her job. Instead of succumbing to panic or despair, she chose to handle the situation with resilience and determination. Raina shares her story to inspire others in similar positions, discussing how she spent her summer and ultimately found a temporary position that helped bridge the gap to retirement. Despite challenges, including age-related job search difficulties and the onset of the COVID-19 pandemic, Raina adapted by reassessing her finances, taking control of her narrative, and embracing a growth mindset. She also underscores the importance of allowing oneself to grieve after a job loss. Raina's message advocates for staying positive, investigating new opportunities, and planning financially to assure a smooth transition to whatever comes next in life.

Punti di forza

  • 🌞 Embrace change and manage unexpected job loss with resilience.
  • 🤔 Reflect on your options rather than reacting with panic.
  • 📈 Adopt a growth mindset to find new opportunities.
  • 📊 Reassess your financial situation after being laid off.
  • ✈️ Use time between jobs for personal growth and travel if possible.
  • 💼 Consider temporary positions to extend working years.
  • 🔍 Keep a positive outlook even during challenging times.
  • 💪 Assume control of your narrative after a layoff.
  • 📅 Use unemployment strategically if available.
  • 📚 Learn from every life stage to shape a meaningful retired life.

Linea temporale

  • 00:00:00 - 00:05:00

    On a day like any other in June 2018, Raina, at 56, faced the unexpected situation of losing her job. Faced with two choices, she chose not to succumb to panic but to take control of her life. During a routine client meeting, a message from her boss, who was visiting with HR, confirmed her suspicions of being laid off. Rather than react emotionally, she opted to confront the situation with acceptance and strength. After the layoff confirmation, she promptly asked to review her package, wishing to bypass the customary reasons bosses give regarding such decisions.

  • 00:05:00 - 00:10:00

    Post-layoff, Raina allowed herself to grieve the loss of her job, deciding to take a break and enjoy the upcoming summer, a rare opportunity she hadn't experienced before due to Calgary's short summer season and previous layoffs. At 56, she worried about future employment opportunities due to age biases against older workers. While considering retirement, she planned a visit to her son in Melbourne, which allowed for reflection away from home. By November 2018, she reviewed her finances and realized she needed at least three more years of work, leading her to begin job searching despite the limited prospects for older workers.

  • 00:10:00 - 00:17:20

    In November, she discovered a year-long maternity leave replacement position via LinkedIn with a former client, providing her with financial breathing room and time to plan her future. She secured the job, which ended in February 2020, just before the COVID-19 pandemic. Fortunately, due to Canada's social safety nets, she qualified for unemployment benefits, sustaining her through another year without work. Reflecting on her journey, she emphasized the importance of taking control of one’s narrative, maintaining positivity, and adopting a growth mindset post-layoff. Raina's experience paved her path to a small, meaningful retired life, a story she plans to elaborate in future videos.

Mappa mentale

Mind Map

Domande frequenti

  • What happened to Raina at work in 2018?

    Raina was laid off from her job at the age of 56.

  • How did Raina initially react to her layoff?

    She chose to take control of the situation instead of panicking or crying.

  • What did Raina do during the summer after her layoff?

    She decided to enjoy her summer and not rush into finding another job.

  • Why is finding a job at 56 challenging?

    Many employers are hesitant to hire older workers, anticipating they might soon retire.

  • What financial steps did Raina take after her layoff?

    She assessed her finances and determined she needed at least three more years of work.

  • How did Raina find another job?

    She found a contract position through a LinkedIn ad, working for a former client.

  • How did the COVID-19 pandemic affect Raina's career situation?

    The pandemic led to lockdowns, impacting job availability, but she qualified for unemployment insurance.

  • What mindset does Raina recommend after a layoff?

    She advises adopting a growth mindset and considering new opportunities.

  • What financial advice does Raina give after a layoff?

    Evaluate your savings to decide the best course of action regarding work and retirement.

  • What personal project did Raina mention at the end?

    She shared her experience of baking apple bread for the first time.

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Scorrimento automatico:
  • 00:00:10
    on a beautiful day in June
  • 00:00:13
    2018 I went into work as
  • 00:00:16
    usual by 11:00 that day I had no job I
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    was 56 years
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    old I realized I had two
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    options one was to panic and
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    cry and the other option was to take
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    control I decided to take option number
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    two good morning everyone I'm Raina and
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    welcome to small retired life on this
  • 00:00:44
    channel we talk about all things
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    retirement and about living a small
  • 00:00:49
    retired life but a meaningful life so
  • 00:00:52
    let's talk about my layoff story at the
  • 00:00:54
    age of 56 as I said I went into work and
  • 00:01:00
    and I thought it would be a day like any
  • 00:01:03
    other day and I had meetings with
  • 00:01:08
    clients that morning my job entailed a
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    lot of uh client meetings that were out
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    of the office so I had a coffee set up
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    with a client and so that's what I was
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    going to do that
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    morning and I went to my meeting and I
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    heard my phone Ding and I looked down
  • 00:01:28
    and there was a message from my boss now
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    just to backtrack a little bit my boss
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    actually worked in a completely
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    different city in a different Province
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    and she came in to our office that day
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    and she had the HR guy with her I'm
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    sitting there at this coffee meeting and
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    I'm thinking you know what I have a
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    feeling I'm getting laid off and so when
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    my phone dinged and I looked down and it
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    was an email from my boss saying hey I
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    know you're out of the office but could
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    you come back I just want to have a
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    quick meeting with
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    you I knew I knew at that point that I
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    was getting laid off and there
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    was a couple of things that kind of went
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    through my mind and I
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    thought okay I have two options here I
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    can completely lose it freak out Panic
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    cry whatever and then the other option
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    was to actually take control of my life
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    and take control of the
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    situation and just go back to the office
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    in a position of
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    strength and I decided to do that
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    because I'm a bit of a stoic I kind of
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    feel that life hands you
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    situations and
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    there are things that you can't you have
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    no power to prevent from happening
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    essentially your company has decided to
  • 00:03:09
    lay you off and there's nothing that you
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    can do about that they have made that
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    decision
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    so the better way to be is to accept it
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    and to be in control how you deal with
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    that outcome as opposed to letting them
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    have the power of dealing with with
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    it so I went back to the office to face
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    the music um I got to the office and I
  • 00:03:40
    went into the meeting and there was our
  • 00:03:44
    HR guy sitting there with my boss and so
  • 00:03:49
    I knew for sure what was happening I
  • 00:03:53
    very kindly before anything started said
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    hey I know I'm getting laid off off um
  • 00:04:01
    I'm all good and I looked at my boss and
  • 00:04:04
    I asked her to leave because quite
  • 00:04:06
    frankly I did not feel like hearing why
  • 00:04:12
    they were laying me off you know that it
  • 00:04:14
    wasn't my
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    fault um and whatever kind of thing that
  • 00:04:20
    uh they tell you in situations like this
  • 00:04:25
    and I just really didn't want to hear it
  • 00:04:27
    and so I said I'm I'm just you know
  • 00:04:31
    going to go through my package and we'll
  • 00:04:35
    just leave it at
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    that at that point I decided to go home
  • 00:04:41
    and to process the news and I think
  • 00:04:45
    that's the important thing to do is when
  • 00:04:48
    something like this happens to you is
  • 00:04:51
    give yourself time to actually process
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    what's
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    happened grieve your job because losing
  • 00:04:59
    your job
  • 00:05:01
    is it's not a good thing you need to
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    grieve that job you need to
  • 00:05:08
    just settle in with yourself
  • 00:05:12
    and kind of figure out how you're
  • 00:05:16
    feeling in that
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    moment I um basically sat there all
  • 00:05:22
    afternoon just um going over what had
  • 00:05:25
    happened and I decided that I just
  • 00:05:29
    wanted to take a time out it was June
  • 00:05:32
    summer was coming
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    and in Calgary summers are really short
  • 00:05:38
    only like maybe two months and the rest
  • 00:05:41
    of the year it's pretty much winter
  • 00:05:44
    practically so I just decided
  • 00:05:49
    to enjoy my summer and that's something
  • 00:05:52
    I've never done
  • 00:05:53
    before um I've never just been laid off
  • 00:05:58
    and taken the time to just enjoy myself
  • 00:06:02
    and enjoy the summer what you have to
  • 00:06:06
    understand is Calgary is an oil and gas
  • 00:06:08
    City so a lot of companies here get
  • 00:06:11
    bought and sold and getting laid off is
  • 00:06:14
    kind of a normal thing and I had been
  • 00:06:17
    laid off before but it was different
  • 00:06:19
    because I was a lot
  • 00:06:21
    younger and typically those kind of
  • 00:06:24
    layoffs included huge packages and it
  • 00:06:27
    was kind of great to get laid off
  • 00:06:29
    because you got this huge amount of
  • 00:06:31
    money and um you were able to put it
  • 00:06:34
    away and then find another job and
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    that's what happened to me I you know
  • 00:06:39
    was laid off and then I got this huge
  • 00:06:42
    amount of money put it away for
  • 00:06:44
    retirement and a week later I had a job
  • 00:06:47
    but this was different I mean 56 you
  • 00:06:49
    guys like a lot of employers just don't
  • 00:06:52
    want to hire you when you're that old
  • 00:06:55
    because they honestly kind of believe
  • 00:06:58
    that you're only going going to be there
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    a few years and then you're going to
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    retire and they just don't want to put
  • 00:07:04
    that kind of an effort into um training
  • 00:07:09
    and uh steering a new employee to get
  • 00:07:12
    basically three or four years out of
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    someone what concerned me is like I mean
  • 00:07:20
    I had thought about retirement planned
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    for retirement but I really wasn't kind
  • 00:07:27
    of looking to retire for for at least
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    another four five years so I was
  • 00:07:33
    thinking like maybe 60 61 62 but it was
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    a very
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    um kind of in the distance thing and I
  • 00:07:47
    definitely wasn't looking to be not
  • 00:07:50
    working at the age of
  • 00:07:53
    56 so I went through my summer just
  • 00:07:56
    really enjoyed my summer and um
  • 00:07:59
    in September of that year I decided that
  • 00:08:02
    I was going to go to Melbourne for a
  • 00:08:04
    month or so my son lived in Melbourne
  • 00:08:07
    and I just thought here's an opportunity
  • 00:08:09
    to go over there and actually spend some
  • 00:08:12
    meaningful time so I booked a trip uh
  • 00:08:14
    and I went to Melbourne for just over a
  • 00:08:19
    month so essentially that brought me
  • 00:08:21
    back to Calgary at that point at some
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    time in
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    November
  • 00:08:28
    and in November of
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    2018 I decided to take stock of my
  • 00:08:34
    finances really look at where I was at
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    um what would be the best course of
  • 00:08:42
    action do I look for another job do I
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    try to make things work the way they
  • 00:08:48
    were I I really was not in a position to
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    completely retire at that point I needed
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    at least another three years years
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    minimum of work
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    and the way my layoff package was
  • 00:09:06
    structured it really was in my best
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    interest not to look for work um
  • 00:09:11
    immediately after I got laid off but by
  • 00:09:14
    November I knew that I needed something
  • 00:09:17
    so I started looking for work
  • 00:09:20
    and it was not looking good um I had
  • 00:09:25
    applied at quite a few places and wasn't
  • 00:09:27
    really hearing back I was read reaching
  • 00:09:29
    out to my
  • 00:09:31
    network
  • 00:09:34
    and I don't know all of a sudden I saw
  • 00:09:38
    an ad come across my
  • 00:09:40
    LinkedIn for a maternity leave position
  • 00:09:45
    in my field with a company that was my
  • 00:09:47
    client in my in my previous job and I
  • 00:09:51
    reached
  • 00:09:52
    out and it was a contract position for
  • 00:09:56
    one
  • 00:09:56
    year and I thought
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    wow this would be so great it would give
  • 00:10:03
    me an extra year of working it would
  • 00:10:07
    give me time to kind of
  • 00:10:10
    decide where I wanted to go and just
  • 00:10:15
    give me a little bit of breathing space
  • 00:10:17
    to assess
  • 00:10:20
    if I wanted to retire or if I wanted to
  • 00:10:23
    go to work or you know what the
  • 00:10:26
    situation was so I applied for the job
  • 00:10:29
    and
  • 00:10:30
    and I got
  • 00:10:32
    it of course when 2020 came around um
  • 00:10:37
    February of 2020 to be exact I finished
  • 00:10:40
    my job in the middle of that month
  • 00:10:44
    and literally two weeks later the world
  • 00:10:47
    went into
  • 00:10:49
    lockdown
  • 00:10:51
    and everything everything was
  • 00:10:55
    different the great thing the absolute
  • 00:10:58
    best thing that happened was because I
  • 00:11:01
    was in that contract position for just
  • 00:11:05
    over a
  • 00:11:06
    year I had gathered enough hours that I
  • 00:11:10
    actually qualified for unemployment
  • 00:11:12
    insurance if you're
  • 00:11:14
    American you know
  • 00:11:17
    Canada does have a little bit of a
  • 00:11:20
    better social structure than you would
  • 00:11:23
    find uh in America but only because we
  • 00:11:27
    pay a lot more taxes to be able to have
  • 00:11:31
    this but this really worked out for me
  • 00:11:34
    because essentially the world shut down
  • 00:11:37
    I couldn't look for anything else even
  • 00:11:39
    if I wanted to look for anything else
  • 00:11:42
    because no one was hiring no one was
  • 00:11:45
    doing anything companies were trying to
  • 00:11:48
    figure out how to function without
  • 00:11:50
    having employees to come into the office
  • 00:11:54
    so I was able to get unemployment
  • 00:11:56
    insurance for almost a year and and so
  • 00:12:00
    that essentially tied me over for
  • 00:12:03
    another year so out of the four years
  • 00:12:06
    that I really needed between my package
  • 00:12:10
    and my contract position and my
  • 00:12:12
    unemployment
  • 00:12:14
    insurance I covered off pretty much
  • 00:12:17
    three years so I knew that I would be
  • 00:12:23
    okay I knew that I could go into
  • 00:12:27
    retirement
  • 00:12:29
    and figure out what was next for my life
  • 00:12:33
    so here are some tips just off the top
  • 00:12:37
    of my head that I can give you uh if you
  • 00:12:41
    get laid off in late life number one
  • 00:12:45
    number one the most important
  • 00:12:48
    thing take control of the situation take
  • 00:12:52
    control of your layoff story because
  • 00:12:57
    that will make it so much easier for you
  • 00:13:00
    to deal with the aftermath and all of
  • 00:13:04
    the thoughts that come to you after
  • 00:13:07
    you've been laid off because you go
  • 00:13:09
    through you know anger denial sorrow all
  • 00:13:13
    of these grieving processes because jobs
  • 00:13:17
    are a big thing for us there are
  • 00:13:19
    livelihoods they are what allows us to
  • 00:13:23
    pay for
  • 00:13:24
    things
  • 00:13:27
    secondly stay PA positive as much as you
  • 00:13:30
    can but don't be afraid to grieve don't
  • 00:13:33
    be afraid to just sit there with a glass
  • 00:13:36
    of wine or a cup of coffee or whatever
  • 00:13:39
    your comfort drink is and
  • 00:13:42
    grieve your job and grieve the life that
  • 00:13:46
    you've
  • 00:13:47
    had and that you no longer
  • 00:13:53
    have I think the next thing after that
  • 00:13:56
    is to adapt a growth mindset
  • 00:14:00
    instead of thinking about everything
  • 00:14:02
    that you've lost begin to think about
  • 00:14:06
    the type of
  • 00:14:07
    opportunities that you can gain or that
  • 00:14:11
    you can make happen because these
  • 00:14:16
    opportunities
  • 00:14:18
    are in your power to make happen as long
  • 00:14:23
    as you think about them and you get to
  • 00:14:25
    plan them and you you kind of consider
  • 00:14:29
    the options so I would say that should
  • 00:14:34
    be in the early stages of you know after
  • 00:14:39
    the
  • 00:14:40
    layoff after you've done some of these
  • 00:14:43
    healing things I would say the next step
  • 00:14:46
    is to really look at your
  • 00:14:48
    finances and establish what the
  • 00:14:50
    situation is do you have any savings if
  • 00:14:54
    you don't have any savings clearly you
  • 00:14:57
    need to take One path if you have some
  • 00:15:01
    savings then you can take another path
  • 00:15:05
    and it's important to to just sit and
  • 00:15:09
    really look at your situation because
  • 00:15:13
    that will guide you towards the next
  • 00:15:17
    opportunity what came
  • 00:15:19
    next and what decisions I made next
  • 00:15:24
    honestly you guys it's another video
  • 00:15:27
    because
  • 00:15:29
    it was like the world was out there
  • 00:15:33
    telling me that I needed to shake my
  • 00:15:37
    life up change everything get out of my
  • 00:15:40
    comfort zone and just see how I was
  • 00:15:44
    going to deal with all of that so I
  • 00:15:48
    think you need to come back and listen
  • 00:15:50
    to my post work life story and
  • 00:15:56
    understand how I entered
  • 00:16:00
    and how I got to a place where I was
  • 00:16:03
    living a small retired life
  • 00:16:06
    and made it a meaningful
  • 00:16:10
    life so thanks you guys thanks for
  • 00:16:13
    tuning in we'll see you next time and
  • 00:16:19
    um hit that notification Bell because
  • 00:16:22
    the next video will talk about how I
  • 00:16:25
    went into retirement and the
  • 00:16:27
    circumstances
  • 00:16:29
    that brought me
  • 00:16:32
    into a whole new way of living my
  • 00:16:39
    life hey everyone it's post production
  • 00:16:42
    me I was not going to leave you hanging
  • 00:16:46
    and I realized I really should show you
  • 00:16:48
    what my apple bread turned out like it
  • 00:16:51
    was pretty amazing I'm not a baker and
  • 00:16:55
    this was the first time that I've baked
  • 00:16:59
    this particular recipe and um I'm really
  • 00:17:03
    pleased with the way it turned out it
  • 00:17:05
    was really good with a sharp piece of
  • 00:17:07
    cheddar on it and also I learned how to
  • 00:17:10
    do a voice over
Tag
  • retirement
  • layoff
  • resilience
  • job loss
  • financial planning
  • growth mindset
  • 56 years old
  • unemployment
  • retirement planning
  • pandemic impact