CareerDebtFinancial LiteracyFinancial Success

So You Lost Your Job, Now What Are You Going To Do?

We all rely on having some type of income coming in to sustain our lifestyles. To do this, we typically have to get a job. Some of us may even take on multiple jobs to sustain our families. Regardless of where you are in this, there is a common phrase we all tend to fear, “You’re Fired.” The whole world crashes around you, and everything seems like it is going to just fall a part, right? Does it have to though? Are there things you can do when you are fired to alleviate the financial stress of it all? Absolutely!

The Financial Crackdown

One of the first places to start with managing this right hook across the face is to crack down on your finances. This means eliminating wasteful spending such as extra groceries, subscriptions, etc. Your income is about to stop, and your still bleeding expenses. It was a hard blow, and you need to reduce the bleeding (your not going to be able to stop it all).

Update Your Resume And Network

One of the best things you can be doing any time of year is having an updated resume. Having it current is a great practice. After all, you never know when you might get fired! Once you have it updated, you can reach out to some of the top talent agencies in your area. Often you can find this on Linked In. This is also a time to be sure your Linked In is setup and notifying potential job posters you are in the market. Search for jobs and apply through different sites such as CareerBuilder.com, Indeed.com, Monster.com, and Ziprecruiter. You can start applying and waiting for the interviews to begin. Again, you took a hard blow, and now you are starting to see clearer out of one eye!

Take On Small Jobs And Be Patient

There is no exact science to when you are going to find the next full-time job. In some cases, you will have to help control the bleeding by taking on a part time job while you look for a full-time one. Yes, it may be demoralizing or below you, but it needs to be done! You have to be able to pay the bills, and this may be the only way to do it. With this, you have to remember to be patient. It can take a long time to find a job depending on your industry and the type of market you are in. There was a time in my life when it took almost 18 months for me to find a full-time job. I went on almost 200 interviews to land a new job. So remember, just be patient!

Lastly, just remember, this is not the end of the world. Sure, you may lose everything, but you technically started with nothing? You will find a job out there if you put in the time and effort to look for it. Who knows, it might be in another state or country! Eventually though, you will have a steady income again and you will recover from the right hook.

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