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The F.I Mainstream Movement Is Fueled By A Crisis Like This (Guest Post)

The F.I Mainstream Movement Is Fueled By A Crisis Like This (Guest Post)

Many businesses closing down their operations or shutting down due to worldwide lockdown. Many employers and employees from the Travel, Entertainment and Aviation industries were severely disrupted and hit by the crisis that they either have to retrench their staff headcount or staff has to take on unpaid leave.

This post was originally posted here. The writer, Brian Halim is a veteran community member and blogger on InvestingNote, with username known as 3Fs and 2078+ followers.

For Emerging Markets, 2015 Isn't 1997 - WSJ

I started writing articles in this blog barely a few months after we’ve endured one of the Great Financial Crisis back in 2009.

I was barely into a few months of working when the great financial crisis and recession hits the world and I recalled the shockwaves hit the entire population hard. People lost their jobs and many were retrenched without package to compensate for their loss. Many businesses had to shut down, some bigger ones had to downsize because of the scale of the crisis and credit liquidities plunge as banks, enabler for businesses, struggled to stay afloat.

I was fortunate to have kept on my job throughout the duration of the crisis. The only thing that probably impacted me was the salary increment that was freeze and bonus that was scrapped. It sucks especially after enduring a year of hard work but it was still better than the wider population out there who had lost their jobs.

When people lost their jobs, they lost their main source of income. This is bad because not only these people have to cope with losing their cash cow but they also have to cope with the existing expenses that remain on the table such as mortgages, car loans, credit cards, utilities, food on the table, and children’s education.

Most of these people either do not have emergency funds or other sources of income that could help them tide through the crisis. In short, they were unprepared by the shock and were left hanging by a thread facing unprecedented crisis that could impact their entire years of hard work and sustainability.

Because of such unprecedented shock in the economic cycle, I began to join the F.I mainstream community by writing articles and meeting with alike minded people, who believes in the same ideology of achieving financial independence over time.

Financial Independence is not simply just about having sufficient passive income (mostly through the dividends or rental income derived from our investments) covering our daily expenses.

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