Posted on 04/14/2010 5:14:48 AM PDT by CSM
Remember, it's not the end of the world
A job loss is not the end of the world. For many people, it's just the launching pad to a new, more fulfilling career. It can also be a great time to re-prioritize the plan for your money or actually create a plan.
Here are seven things to get you started on a plan that works in the good times and bad.
Stop paying extra on your debt. If you've been attacking your debt snowball like crazy, refocus that money and momentum to save a big emergency fund. Sock away the extra money to build up your emergency fund. If you get a severance, make it a part of your shopping emergency fund.
Do a budget. Download free budgeting forms. Focus on your necessities first—food, shelter, utilities, transportation, and basic clothing. The creditors can wait.
Cut way back on your lifestyle. Home-cooked meals and library books should become the norm.
Cut up the credit cards. Nothing good can come from using them. If you don't have the cash, don't buy!
Get a part-time job. Yes, they are available. Do everything you can to still generate some income until you find a new full-time job.
Think about your skills and decide if now is the time to start a small business or change careers. Your options are limitless!
Some people who find themselves unemployed will go into new careers or start their own businesses where they have the best year of their lives—professionally, financially and emotionally. Their current job loss is actually a blessing in disguise. That's how they are looking at the situation and formulating a game plan based on it. It's the best outlook anyone can have!
If you haven't lost your job but dread going to work, maybe it's time to fire your employer and go in a new direction. When you have a game plan for your money and career, you will have a sense of empowerment because you aren't a slave to the lender (or employer).
Go! Make something happen!
He also highly recommends reading “48 Days to the Work You Love.”
Dave Ramsey Fan Ping List.
If you would like to be added to the “Live like no one else, so that you can LIVE like no one else” list, feel free to Freepmail me.
You must above all else, acquire and maintain marketable skills. Do what you like to do, what you do best, what you are passionate about.
It’s up to you to maintain your own skill level. Self reliance is a wonderful thing.
You really don’t need a long winded editorial to figure this out.
Common sense. I lost my job in 09 when the company for which I worked fired 35% of it’s workforce. I’ve always budgeted carefully. Got a part time job to supplement unemployment and also worked barter to pay for my horse expenses.
Since the job I lost was sucking the life out of me I actually felt much better for losing it and full time employment at a job I really like came in six months.
Good advice.
I agree with you, but still thought some FReepers might find it interesting.
not criticizing you, just adding my simple hard earned two cents
posting stuff here is good ...
I almost, and might still lose my job.
I drive a concrete mixer normally, yesterday my employer asked me to deliver and set into the ground a concrete septic tank that our company makes, for reasons I’m not sure of the driver that has been hired for this job driving this specially built boom truck decided he didn’t want to do it.
So they told me to do it, I have done it like once or twice, our company cannot hire any more trained drivers because of lack of work, its either I do it or I might be asked to hit the highway, so I did.
Disaster big time...I laid the truck on its side because I did not know the limit of extension lifting a 10,000lb tank.
Because the truck did have support outriggers it wasn’t flat on the drivers side doors, but close, a backhoe righted the truck but the fan exploded from hitting something and took out the radiator.
Right now that is the only thing we are selling and thats concrete septic tanks, and I just shut the company down because of my ignorance, and I have been with the company 15 years, I think I’ll try looking for another soon, I cannot do a job I’m not trained for. Its not right that I have to be forced to do something that places me in danger just to keep a job.
At least I’m a very skilled concrete mixer driver, in that respect there is usually always a job, even here in Alaska, I might have to commute a longer distance though.
I’m very sorry to hear that your job is at risk and that your managers put you in such a dangerous situation. I am happy to hear that you didn’t get hurt....
Thank you I appreciate that and you have possibly already changed my outlook for the better already.
I suspect I’m not the only person having this kind of a problem, many companies are close to shutting down and are working with a skeleton crew and are being forced to use personnel not adequately trained for that special job.
And out of fear of losing that job people will put themselves at risk, yes I could have been killed, and for what?
I feel sad that my whole life didn’t have something better to say for itself.
Where’s the suggestion to write Obama for the mortgage payments and gasoline he promised?
Did I say write a letter? Duh. I’m old. I meant post a video on YouTube and whine about how unfair life is and demand Obama pay for the lifestyle to which you have become accustomed.
I forgot we are in a post-literate world.
I am in the same situation, however my job is in a cubicle farm so my doing 3 jobs is not putting me in any physical danger. I suspect you are right about the physical jobs becoming more dangerous as employers tighten their labor budgets.
Just remember to keep your frontier spirit and you will find a better situation.
Good suggestion!
I have a copy and am planning to read it in the next month or so. What I can say is that when he refers to it one of the major points discussed is that you must find an opportunity in something that you are passionate about. For example, if you love dogs/cats then start something that includes working with pets. The book is supposed to aid in finding that passion.
Try learning a skill/art like computer programming plumbing, electrical work, carpentry, etc.
Those people are in demand.
Good luck and maybe down the road you'll start your own concrete business or contract mixer work.
I figured I better post this one and thought you might enjoy it.
http://www.freerepublic.com/focus/f-chat/2492769/posts
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