Be Ready for Anything by Daisy Luther

Author:Daisy Luther
Language: eng
Format: epub, mobi
ISBN: 9781631583957
Publisher: Racehorse
Published: 2019-05-14T16:00:00+00:00

EIGHT STEPS TO SURVIVING A JOB LOSS

A 2014 report on jobs2 showed some alarming statistics: one in five Americans have lost their jobs over the past five years and remained unemployed. When the US economy suffers, the lower and middle classes are usually the people taking the hit, and unless you live in a neighborhood of rainbows and unicorns, it’s a good bet that this has happened to either your family or someone you know. Sometimes the layoff is expected, as you see your company’s profits dwindling. Other times, it is completely out of the blue when you get called into the manager’s office and handed your walking papers. Either way, when the axe falls, you may feel as though you’re reeling in shock. Well, tough love, here: Get a hold of yourself! The first steps you take can help you to survive until you get a new source of income.

This chapter is not about how to prep for a personal financial collapse. (That’s coming up next.) It’s about those essential first moves once the job is gone.

In the intro to this book, I wrote about the three steps for surviving any disaster, and job loss is no exception. You must accept that the event has occurred, you must make a plan, and you must act on that plan.

Aside from that, here’s what you need to do right away to minimize the damage to your personal finances when a sudden job loss occurs:

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