There's an eerie silence in this forum. Definitely signs of the bad times.

If you still have a job, don't be too happy. You may be next to be let go, especially if you cost too much and don't contribute much value to your employer. Say, you earn $350k pa. So what. Your job may be gone just like that next week.

So, what must you do? First, you must be a humble person. Don't be a snob. Treat everyone kindly. Don't gossip and tell lies about other people. So, even if you do get fired, at least people will be sympathetic towards you and not say behind your back "serves him right". Humility is an important virtue.

Next, be ready to be fired any time. Don't overspend. Get rid of all your debt NOW. If you now live in a $2m condo with an outstanding mortgage of $1m, best you sell it away and clear your mortgage. Then with the $1m balance, buy a cheap $1m condo and be debt free. So even if you're retrenched, you don't have to worry about paying your mortgage. Better still, buy a cheap $500k HDB flat and keep your $500k cash for you to spend when you're jobless.

Next, make sure you clear your car loan. If you are driving an expensive big car costing $200k while you have a loan of $100k on the car, then you should just downgrade to a smaller car. Don't need to show off. If you can't afford to pay your $200k car in cash, then you can't afford it. Just sell your $200k car, pay off your car loan and use the $100k balance to buy a small, cheap car costing $100k. No loan.

Next, don't be an ego, big headed person. If you're jobless and you need money to buy food, then you may have no choice but to drive a taxi or become an uber driver. So, if you are a humble person, it is easier for you to be a driver.

Once you're debt free, you own your car and home fully, you can sleep in peace. The only things you need to worry about is money for basic things like food and utilities. You can be a taxi or uber driver to feed your family.