Fired from Oracle, how this Bengaluru man started earning an extra Rs 43,000 monthly with a little planning

In India, we are always nurtured to be prepared for the unexpected and have a plan B to lead a smoother life. While many of us fail at building a plan B, the Odisha man who lost his job at Oracle Bengaluru certainly didn't.

He moved to his hometown, Bhubaneshwar, with zero debt and a calm mind. Scroll down to read what he actually did.According to a post shared by funding advisor Nayak Satya on X platform, his friend followed the old-school financial planning and had fixed deposits totalling over Rs 60 lakh across family and personal accounts, generating nearly Rs 43,000 every month in interest. And instead of stressing over the job loss, he started earning as a cab driver while quietly planning a small business with his parents.

What exactly happen at Oracle layoff

For the unversed, Oracle recently laid off thousands of employees across divisions worldwide. The layoff email was sent to affected employees, signed off simply a "Oracle Leadership", cited only "careful consideration of Oracle's current business needs" and a "broader organizational change." No explanation. No specifics. Just a DocuSign link and a countdown.

What exactly he did for financial planning

According to Nayak, his friend followed a healthy financial habit and didn't fall prey to financial trends and SIPs, instead, he chose the old school mechanism of structured savings.

By eliminating EMIs, loans, and metro-city expenses, he created freedom to make choices rather than being trapped by circumstance.His post reads, "He had postal fixed deposits in two joint accounts ₹15 lakh each. One with his parents, and the other in his and his wife’s name. He also had one in his kids’ account. " "Together, these give him almost ₹28,000 in interest every month. ""He also had fixed deposits in some Indian banks worth around ₹30 lakh, which give him another ₹15,000 per month. He is now living at own home with his parents. He knows how to drive, so he immediately started working as an Uber driver at his own convenience earning good. "

What does he teach?

In a world of uncertainty and no job security, it is important to create multiple streams of passive income and lead a simple and easy lifestyle. It is also crucial to avoid unnecessary expenses and loans and invest in assets, not liabilities. It is also important to create a work-life balance to find time to explore other sources of income just like the way Odisha man started by working as a driver. According to Nayak, careful planning, smart saving and financial discipline can enable a person to navigate unemployment with calmness and help build a healthier financial portfolio for tomorrow.