Fiction: Getting downsized would mean the end of my financial stability, and there's nothing I can do about it.
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Fact: There are plenty of steps you can take now to prepare for the possibility of being downsized. While you may not be able to dictate whether you maintain your job, you can control what you do about the challenges that downsizing presents. These actions include knowing your benefits, making risk management a priority, budgeting, assessing your net worth, keeping your credit in good order, controlling your retirement accounts, and seeking professional financial guidance.
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