Read an interesting article in newspaper few days back. The article talks about how the current recession affect on people life due to layoffs.

What caught my eyes, well it's the title (In five minutes, his life changed) and the statement below

Just one year ago, he had it all - cash, car, condominium and a challenging career.

In his heyday, the bachelor raked in more than $8,000 a month, drove a car, owned a condominium apartment, and had three credits cards and a country-club membership.

And the story goes on and closed by:

Meanwhile, he says he is having problems paying his insurance bills and housing instalments, and has resorted to selling his car.

Can you imagine that if last time you draw $8000 income for each month, and in 5 minutes of announcement, you find that your one and only source of income is being cut off? Few things that make me ponder and realized; It does not matter of how high your income or position, there is no 100% guarantee of income if you are still working under someone/company. As long as you are employee, the risk is there and of course it is more prominent in this like this now – recession. There have been many emails I received for past weeks about company lay off worldwide, etc.

Secondly, if I got lay off, how can I still enjoy my current lifestyle? Really have to give a good thought on this; How to build my passive income….