How I’m Turning Retrenchment Fear Into Financial Freedom

The fear of retrenchment is no longer a distant thought, it’s a reality that’s sweeping across industries worldwide. Every other week, another big name announces layoffs. When global giants start trimming headcount, it’s only a matter of time before the ripple hits Singapore too. No matter how “safe” your role seems today, it’s hard not to wonder: what if my turn comes next?

The Harsh Truth About Our Mid-30s to Early 40s

I’ve entered that stage of life, mid-30s heading into my 40s, where job transitions aren’t as simple as they used to be. Companies prefer younger hires with lower pay expectations and fewer family commitments. Even with strong experience, the hiring process drags, and competition is intense. The reality? Getting another job after retrenchment at this age can easily take months, if not longer.

Why Gig Work Isn’t a Guaranteed Backup

Some people say, “Never mind, can always do Grab, food delivery or freelancing.”
But let’s be honest, when the economy slows and people spend less, even gig work becomes harder to sustain. It’s a backup, yes, but not a permanent safety net.

Building a Portfolio for All Weather

That’s why I’ve spent the last few years quietly building what I call my all-weather financial portfolio. It’s not about chasing quick wins or timing the market, it’s about building multiple streams of passive income that can continue to flow even when the economy doesn’t cooperate. Whether it’s dividends, CPF interest, or small side hustles, my goal is simple: to make sure my family can stand firm when the storm hits.

Side Hustles That Keep the Engine Running

I’ve also developed side hustles that bring in a few hundred dollars a month. It’s not life-changing money yet, but it’s proof of concept, that with time and consistency, small streams can grow into something meaningful. More importantly, it keeps my skills sharp and my confidence strong, knowing I’m not fully dependent on a single employer.

No Over-Leverage, No Regret

In Singapore, it’s easy to get caught up in the property and investment race. But I’ve made a conscious choice not to over-leverage. My home and investments are structured so that even in tough times, I can hold on without panic. When retrenchments happen, those who overstretch are the first to crumble. I refuse to be in that position.

Conclusion: Fear Can Be a Powerful Teacher

Retrenchment fear used to keep me up at night. Now, it keeps me disciplined. It pushed me to build buffers, diversify income, and stay prepared for uncertainty.

Job security may be gone, but financial security is something we can create for ourselves. Every dollar saved, every side hustle built, every wise investment made, that’s another layer of freedom from fear.

Because in today’s world, survival isn’t about luck anymore.
It’s about preparation.

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