Do You Have a Plan for a Career Setback?

career setbackThe idea of losing your job, or experiencing a large cut in your hours, is probably not one that you want to think about. However, the reality is that the economy is changing, as is the job landscape. I’m a freelancer, and I don’t have to worry about being “laid off,” but even I think about what might happen with a career setback.

A couple of years ago, one of my major clients was acquired by someone else, and after more than five years of working with this client, I suddenly saw a dip in my “regular” monthly income. I was fortunate in that I had other options and was able to recover fairly quickly, but I’ve thought about preparing for financial setbacks related to my career since then.

While it isn’t pleasant, it’s a good idea to have a backup plan in place.

What Resources Do You Have?

The first step is to consider your resources. What options do you have? What financial resources can you call on? Some of the financial resources that you might have include emergency funds and other assets.

You might also consider whether or not you can borrow money from friends and family in a pinch. If your hours are cut dramatically, you might not be able to qualify for unemployment benefits. However, if you are laid off, one of the first things you should do is take advantage of the local unemployment resources.

Get a full picture of the assets you have available to you, and your resources. From the ability to get a part-time job if needed, to a job that your spouse might have, or to a side business you have started, consider alternative sources of income.

Look at your resources, and consider boosting them so that you have something to draw on if you do experience a career setback.

Do You Know What You Will Cut from Your Budget?

When I lost that client a couple of years ago, I immediately began thinking about which items needed to be excised from my monthly expenses. Looking through your bills, you might be surprised to find that you have wiggle room to cut things like eating out, outsourced cleaning and yard care, extracurricular activities, cable, and other costs.

Now is the time to take a hard look at your expenses. You might be living within your means right now, and you might be able to afford what you spend your money on, but it doesn’t hurt to know what you could do without if you had to. As a result of my little scare, I know exactly what I would cut first if I needed to. I have a list of priorities that need to be funded (like my mortgage and insurance premiums) in order to maintain my long-term financial viability, and I know what I would cut back on.

Because I already have these items identified, the hard decisions are already made, and I can move into emergency mode quickly.

Are You Providing Yourself with Ongoing Improvement?

One of the best things you can do as you plan for the possibility of a career setback is to keep your options open. You can do this by constantly improving your skills and knowledge. Develop marketable skills, and you will have an easier time transitioning to a new job if you need to.

You should also make sure that you keep your resume and cover letter up to date, and that you connect with members of your career network regularly. When you keep up with these activities, you are always ready at a moment’s notice. You will be ready to identify and seize opportunities if you keep your options open.

In the current climate, it pays to be prepared. Look at your finances, and your career, and make sure that you are ready for the possibility of a setback.

Have you completed these tasks? Would you say you’re ready for a career setback? What are you going to do to get ready? Leave a comment!

How to Be Productive – Even When You Don’t Want to Be

ProductivitySome days, I don’t feel like doing anything productive. I want to sit around with a book and not worry about getting things done.

While it’s nice to take a break sometimes, and while we need to take breaks on occasion, the reality is that sitting around in a stupor isn’t going to help anything. There’s a difference between taking a break for half an hour to regroup and accomplishing nothing all day because you’ve been sitting in front of the TV in a daze.

When I feel like succumbing to a complete lack of motivation, I do my best to be productive – even though I don’t feel like it. Here are some tips for getting something done, no matter how much you’d rather not do anything:

Get Started on Something

Get started with something. It can be as simple as making your bed or straightening your workspace. The idea is to start moving. Once you are moving, and once you’ve started to do something, it’s easier to keep going.

If you can just get started with something simple, you might find it easier to work up to something more complex. Plus, the fact that you’ve accomplished something can push you to accomplish still more with your day.

Switch Gears to Something Else Productive

I might feel like curling up with a book, but if I want to be productive, I make it a point to curl up with something other than my favorite fantasy adventure series. Instead, I look for a book that can teach me something, or that I plan to review for my blog. In either case, I’m accomplishing something productive.

Another tactic is to look for something else that needs to be done. If I don’t feel like working, I’ll clean the house, or volunteer at my son’s school, or gather up items to take to the food bank. I’m still getting something worthwhile accomplished, and I’m making myself a better person overall. Later, when I feel like working, those good vibes can translate to better concentration and productivity.

Power Through

Of course, sometimes you just need to power through. Rather than being overwhelmed by everything you have to do, and choosing to do nothing, choose the most important thing you need to do. What has to be done? Focus on that one thing. Stop worrying about the piled up work – at least for now.

This is one of the ways that I overcome procrastination when I’m paralyzed by the amount of work that I need to do. I take a deep breath, find the most important task, and just power through that task. At the very least, the most important thing is done. Often, though, I find that just accomplishing the most important task gives me a sense of accomplishment, and I’m in work mode, so I move on to something else.

While you don’t always have to be productive all the time, it can help your emotional well-being – as well as improve the rest of your life – if you make it a point to be at least a little productive. Take a break, but don’t forget to accomplish a few things, too.

Editor’s Note: Now that you know how to be productive, learn about some common productivity mistakes you should avoid.

What are some other ways to be productive and stop procrastination? Leave a comment with your own!

How to Fill the Hours After a Layoff – Constructively

Layoff AgendaAfter the shock of a job loss wears off, you must put your free time to effective use. Just as every dollar of assets is precious, so is every hour of your free time. Using each wisely is a key to your future survival. To stay in control of your situation – to the degree that is possible after a layoff – you have to set up and maintain a regular and productive lifestyle.

Create a Daily and Weekly Agenda

Each night before you go to sleep, write down your plans for the coming day. Keeping your mind active means not treating your layoff as an extended vacation.

Look at your tasks and prioritize them. Make the goals realistic. Put the more difficult ones first; getting them out of the way will give you incentive to move down the list. It will also insure that you get the most important tasks done, even if you don’t have time to do the rest.

To-do lists are no good if they just keep getting longer. There may be too many chores to complete in one day. Review the list to see if you are being realistic. Plan on developing a weekly agenda of repetitive duties. You want to make sure you have something going on all the time. As the saying goes, nothing gets going until you do. Make that your mantra.

Set deadlines – and keep them! You don’t have time for procrastination. Face the challenge of the chore and resolve to see it through to the end. This discipline not only will bring results, but it keeps your mind in training for the day when you will return to work.

As items drop off the list, replace them with new ideas or a re-visit accomplished tasks. Don’t throw away the agenda; go back and review it for new approaches and ideas.

Your New Job: Finding Another Job

Being unemployed doesn’t mean you don’t have a job. You actually do – and it’s finding another job. If fact, it may do you well to get a job while you’re looking for a job.

Even if a job is part-time or temporary, you’ll still be doing something productive, earning some money and making contacts. That’s better than sitting in front of a computer all day applying for jobs. You need to do that of course, but working part-time could put you face-to-face with some people who might hire you full-time.

Make sure your day is conducted just as it would if you were in a job. Don’t sleep late. Get up at the same time you did when you were working. Shave, bathe, and dress. Keep regular business hours – be at your computer working no later than 9 a.m. Plan to apply for at least two or three jobs by lunch time. Have a quick lunch, then get back to work.

If you have a job interview, get back in front of your computer as soon as you get home and start looking for more leads. Never assume the interview will lead to an employment offer. Part of your “job” now is to continually build a stream of job leads that will create more interviews. You’re in sales now, and your product is you!

Constructive Distractions

With no restraints, find ways to positively use your time. Keeping physically fit is essential. You must devote a portion of your day to exercise. Now is the chance to get serious about jogging or putting in time on that treadmill in the basement. It has been proven that physical stimulation correlates to mental agility. It keeps the mind sharp and the spirits high.

Seek out motivational activities. Go to the library and read magazine articles on how to job hunt. Explore the networks nearby and attend their meetings. Leads are often shared and you can learn valuable tips from other job seekers and speakers.

Be careful about the groups you visit; make certain their purpose is positive and not strictly social. Local libraries often have “lunch and learn” events for a modest charge. Think of yourself as a sponge, ready to soak up information and opportunity wherever it may be.

Network with Positive People

Keeping your self “up” emotionally isn’t easy when you’re out of work. You’ll need a steady diet of motivation. You can do this by reading motivational books – I personally recommend anything by Anthony Robbins. You can also get some motivational tapes or CD’s to listen to. The idea is to keep your mind focused on the positive so that you won’t drift in the other disastrous direction.

Get close with any friends or contacts you have who are positive people. It’s often said that you are the average of your five closest friends; make sure those friends are positive ones, and you won’t be able to keep from adopting their enthusiasm.

Acquire New Skills on the Cheap

Seek ways to learn new skills . . . inexpensively. You may have many marketable talents, but adding some can be beneficial. As part of your recreational browsing, look for free online classes. and sites like have dozens of instructional videos. State labor departments offer training for unemployed people who want to re-enter the workforce.

Many community colleges offer evening adult education courses on emerging job opportunities. Often there are training classes on basic software to hone your computer skills. Additionally, these classes can develop into informal networking. Sometimes all you need to land that next job is an extra skill or two. Now that you’re unemployed you have the time to learn them.

How you fill your hours after a layoff will have a direct impact on how quickly you get your next job, and even on the compensation you’ll get when you do. Make sure you’re using it constructively.

Editor’s Note: If you’re unemployed, try out some free resume tools to get you going in the right direction!

How do you fill your free time? Do you tend to view free time as an opportunity to find a job, or as an opportunity for play? Leave a comment!

Thrift – Your Best Friend After a Layoff

Downsizing after LayoffA layoff attacks you emotionally, mentally, spiritually, and, most significantly, economically. Suddenly there is the demand of living as you have been but doing it on a lot less money. There could be some severance pay, and you’ve no doubt applied for unemployment compensation, but neither will keep your lifestyle going forever. Thrift is your best friend after a layoff, and the sooner you implement it, the better your chances of financial survival will be.

Here are some tips to help you through this difficult time:

1. Don’t assume the layoff will be temporary.

This is a mistake that a lot of people make in a job loss. They assume that the loss will only be temporary, and that they’ll be fully re-employed at a comparable or higher salary in no time. The consequences of this kind of assumption can be disastrous.

It’s fine – and even necessary – to be upbeat about your job search. But your financial situation requires an entirely different mindset.

Here’s the problem: If you assume that you’ll find a new job quickly, you probably won’t change your spending habits. You may be able to pull that off if you have some money saved up and your time in the unemployment line doesn’t last more than a few weeks. But if it turns into months, you could find yourself adding bankruptcy to your unemployment problem.

Do everything you can to find a new job as quickly as possible, but prepare your finances for the worst.

2. Any expense that isn’t absolutely necessary has to go.

You should cut any expenses that are not absolutely necessary, and do it as soon as possible. A few days after your layoff isn’t too soon, and doing it before your last day is even better if you were notified of the termination ahead of time.

Look at your bank records for the past six months, and track where your money goes. Cut back on premium channels on cable TV – or even get rid of cable altogether. Eliminate any entertainment-related subscriptions. If you have a membership to a gym and you hardly ever use it, cancel it as soon as you can.

You may want to consider getting rid of some major possessions as well. For example, if you have three cars in the household, and two of them have car loans, get rid of one of the cars that has a loan on it.

3. Find cheaper ways to do everything.

For food, go back to clipping grocery coupons like you did before. Find out when there are “double coupon” or discount days. Check out a food discount store, such as ALDI or Costco. They don’t have coupons, but that’s because the prices are lower all the time.

Join the trend of buying clothing from consignment and thrift stores. There might be limited choices of colors, styles, and sizes, but you’ll be surprised at the quality and name brands that show up on the racks.

Plan your car trips to conserve gas and cut mileage. Consolidate trips wherever possible. It’s not just gas that you’re trying to save, but also the wear and tear on your car that eventually leads to costly repair bills. While you’re at it, stay out of stores! The more time you spend in them, the more money you’ll spend. Recreational shopping could be your worst enemy right now.

4. Consider your healthcare options.

This category deserves a special discussion. If you have been taking advantage of employer-sponsored health insurance up to this point, you will basically have three options:

  1. Extend your employer coverage through the COBRA plan
  2. Take the least expensive private policy you can, or
  3. Drop health insurance entirely

Regarding number one, COBRA coverage is probably going to be the most expensive option. While it may provide the best coverage you can get, that will be a luxury you cannot afford. Dropping your health insurance is another option you can’t afford. The combination of unemployment and not having health insurance is another way to end up in bankruptcy court.

The best option is to find the least expensive health insurance you can get on your own. Talk to trusted insurance brokers – if you don’t know any, ask others for referrals. Let them know what your situation is financially and which plans will work best for you.

Apart from health insurance, if you need medical attention for a relatively minor issue, go to the clinics that are available in many pharmacies. You can usually get in and out for about $50 or $60, and you can usually use their services even if you don’t have health insurance. If you take maintenance medications, contact the manufacturer – not the pharmacy – and ask if they have any special pricing programs.

5. Pay the minimums on your credit cards.

A lot of people only “get religion” about credit cards by the loss of a job. A word of advice: If you’ve lost your job, it’s already too late for that strategy. At this point, maximizing your cash flow should be your primary financial goal. That will not be accomplished if you’re making extra principal payments on your credit cards.

Instead, make the minimum payments that you need to, and keep the rest of whatever money you have to pay for necessary expenses. When you’re finally are re-employed, never forget this experience – and then you can begin paying off your credit cards with a true sense of purpose.

Embrace the financial side of your job loss. By learning to live on less money, you’ll enable yourself  to have greater control of your finances when you’re back to work. This experience will help you to be able to pay off debt and to save money once you have a job.

How has being thrifty helped you? Leave a comment!

How to Make the Most of Underemployment

underemploymentIn many cases, underemployment means doing work you don’t enjoy for less than you’re worth.

Sometimes, being underemployed means only working part-time hours, even though you want to work full-time.

Underemployment can be a drag on your morale, and it is especially difficult, since you can’t usually collect unemployment benefits when you’re underemployed, so you end up struggling financially.

Here are some of the ways that you can make the most of underemployment:

1. Improve Your Marketable Skills

If you want a better job, it can make sense to improve your marketable skills. In some cases, you can get away with developing soft skills, like improving your writing and presentation skills. You can also learn about social media, online communication, and other skills that can make you valuable to many employers.

It’s also possible to take classes. If you have extra time on your hands as a result of your underemployment, you can go back to school to finish a degree or to learn something new. If you are eligible, you might be able to get student loans with relatively low interest rates in order to help you pay for school. While student loans aren’t an ideal option, they can help ease your financial situation and help you acquire a marketable skill that an employer might be willing to compensate you for.

2. Start a Side Gig

If you have always wanted to start a side business, now might be your chance. If you have time due to underemployment, you might be able to turn your hobby into a money-maker. See if you can find a good business idea and start your side gig.

Not only can a side business help you fill the time, but it can also reduce the financial difficulties that come with underemployment. If you are fortunate, and if you work particularly hard to make it happen, you might actually end up making enough with your side business to eliminate the need for a more conventional job. Your time underemployed might actually contribute to a better lifestyle later.

3. Re-Evaluate Your Spending

It’s important to use this time to reevaluate your spending. While underemployment is not a fun situation to be in, the reality is that it can force you to take a closer look at your spending and your financial priorities.

Where are you spending money? Where can you cut back? Does it make sense to downsize a little? Should you sell some of your belongings? You might also discover that it makes sense to spend more time with your friends and family making memories with inexpensive activities. While it’s not a good place to be, I do know people who have been underemployed who used it as a reason to completely overhaul their lifestyles. In some cases, it actually resulted in increased lifestyle satisfaction.

No matter your situation, you can turn underemployment into an advantage. Even if you don’t want to adopt minimalist principles to downsize in response to underemployment, you can still change your situation. Whether you look to become marketable by acquiring new skills, or whether you start a side gig, you can use underemployment as a way to propel you into the next stage of your life.

Are you underemployed? What are you doing with your free time? Leave a comment!

Seven Steps to Investing in Yourself

Many of us spend the majority of our lives investing in other people’s projects and dreams.  We work long and hard each day to achieve the goals of our employers. We pay 15–45% of our income in taxes to pay for the plans and efforts of our country, state, and county. We invest our money in small and large corporations for a return so they can use it to earn multiple times that return. We’re using a lot of our time and money to further the cause of things bigger than us.  If you’d like to make an investment in yourself for a change, here are some tips you can use to get started.

Realize what an under priced asset you are: You’re the engine of everything – your earning power, your contact with people, your ability to take advantage of opportunities and to avoid mistakes along the way. Once you truly focus on your chances of success in a chosen field, activity or creative endeavor, the steps to getting there become clearer.

Start gathering advice: When you identify your goals, don’t be shy about asking people in those specific fields and interests what it’s like to be there. Ask them what they did to zero in on doing what they enjoy – and only what they enjoy. Read everything you can, and talk with all the experts you can find that will get you closer to the feeling of what it’s really like to make that leap.

Tuition might be expensive, but ignorance is a lifetime liability: If it’s a class or two or an entire degree program, don’t automatically dismiss the ridiculously high cost of education to reach a goal. There are always ways to afford instruction – see what benefits your employer offers, check to see whether specific grant or scholarship programs may apply to your financial situation. Be entrepreneurial in your efforts to afford learning.

Make two asset lists: Try this. Write on one sheet of paper (or type if it’s easier) all of your financial assets. On the second, write down all your personal assets – your ability to communicate with people in a variety of ways; your individual knowledge or skills in key areas of interest to you; the people networks you maintain that could potentially benefit you if you maximized those contacts in certain ways. Even blend your appearance into the mix. What would happen if you invested in various aspects on this second list? Could you derive more happiness in your life? More earnings? More fun? What could that investment become worth to you?

Review your career map: Maybe it’s just a matter of looking closely at an updated resume, but try and focus on what you’ve done in your life that was really fun or engaging. Maybe it wasn’t a dream job you had for years, but a fleeting experience or chapter within a career that surprised you in how happy it made you. How do you create that experience of enjoyment, and what investment of time and money will it take to get there?

Consider outsourcing: Most of us have a very effective excuse at the ready when people ask us why we’re not spending more time doing what we’re good at – “I don’t have time to focus on that.” What would it take to get that time? Would it involve hiring someone in to take care of household chores or bringing in a competent sitter for your kids more than once a week to allow you to launch a business or take a job you’d really like to tackle? If you’re already in business and swamped, check your support system – if you have one. From answering the phone to bookkeeping, there’s always a way to offset time-killing jobs so you can focus on higher-earning, higher-enjoyment ones.

Confer with your family: Single people can operate independently, but families owe it to each other to discuss goals and how they’ll get there. Achieving a career or personal goal shouldn’t be any different since it will likely affect a family’s financial or time opportunities to do certain things. It’s tough, for example, for new entrepreneurs to get time to do family vacations. There may be favorable solutions to this problem, and it may be other members of your family who help you achieve them. Be open, and make sure everyone understands your dreams.

How to Stay Motivated While Looking for Jobs

MotivationIt’s not fun being unemployed or underemployed. In fact, there are a number of studies that indicate that being unemployed can be bad for health, and long-term unemployment and underemployment can be more damaging to your overall mental health and wellness than many other negative life events.

One of the issues is that it can be difficult to stay motivated as you look for a new job. It’s hard to focus when you don’t have a purpose for your day, and many people take a self-esteem hit when they’ve been unemployed for long periods of time. After awhile, motivation disappears, and it’s harder and harder to move forward.

If you are looking for a job, it makes sense to try and stay motivated throughout the process – even if it’s difficult. Here are some ideas for staying motivated while you look for jobs:

1. Take Care of Your Health

First of all, it’s important to take care of your health. It can be easy to slip into poor health habits related to sleep, exercise, nutrition, and other items. Make it a point to eat healthy, get the right amount of sleep, and engage in physical activity. Try to avoid falling back on excessive drinking, smoking, and junk food.

Taking care of your health is one of the most important things you can do if you want to maintain a healthy outlook and improve your mental attitude.

2. Create a Schedule

Put together a schedule that you can stick with while you are looking for jobs. Keep it similar to what you would have if you were working at a job. Your schedule should include looking for jobs, preparing your resume and cover letter, possibly doing temp work when you can, and taking care of other tasks that might help you find a job.

If you know you have a schedule, it will give you a reason to keep moving, and help you remain motivated.

3. Fulfill a Purpose

It’s especially important that you feel as though you have a reason to get up in the morning. As the weeks and months slip by with unemployment and underemployment, and you have a hard time finding a new job, this can get harder. Tailoring your resume for yet another job, and another meeting with your case manager down at workforce services probably isn’t enough purpose.

You could also work on a hobby, or a side business. Unemployment is a good time to explore the possibility of starting a business or monetizing a hobby.

So, when you’re making your schedule, look for ways to add something else to your day. Volunteer somewhere. See if you can get an internship. Sign up for a temp agency so that you have something to do. Find out what it takes to be a substitute teacher (in some states all you need is two years of college). When you’re involved in a purpose, it can help you stay motivated, and keep you from slipping into despair.

4. Get Dressed and Get Out of the House

Sometimes you just need to get dressed and get out of the house. Don’t stay at home all day, surfing the Internet, reading, and applying for jobs. Have a lunch meeting with a friend. If you can, attend a conference or seminar. Take a walk. Having a purpose can be a great way to encourage you to get out of the house.

Combine these efforts, and you will be more likely to remain motivated. While you’ll still probably have disappointing, down days, you will also be better able to recover from those days and move forward.

Are you unemployed and not feeling very motivated? Which of these actions can you commit to in order to get motivated? Leave a comment!

What You Shouldn’t Do After a Layoff

layoff noticeYou’ve cleaned out your office and moved everything back home. There’s some severance pay coming and unemployment should start before too long. Now you have all the time in the world. What you do with that time – and what you avoid doing with it – will make all the difference in how quickly you find a new job.

Naturally, you should give priority to looking for a new job. That’s pretty obvious. But there are also some very destructive things you shouldn’t be doing. Unless you consciously resist them, you’ll fall into doing them by default.

What are activities you should avoid?

1. Watching television.

Don’t settle down in front of the TV to watch the news channels. It’s okay to check in from time to time, but newscasts are packed with negative information. You don’t need that right now. Modern journalism depends on crime, crisis, catastrophe, and crying. Seeing all that bad news adds to the emotional baggage you’re already lugging around. Right now everything needs to be focused on uplifting and encouraging yourself. The news won’t give you that.

Temporarily block the movie channels. Paying for pay-per-view isn’t in the budget now. Besides, should you tune in, it could turn into an investment of at least an hour and half, and that’s 90 minutes that should be spent job hunting or networking.

TV is dead time, and that’s not where you need to be investing your time. You don’t need to be entertained – you need to develop a workable action plan. Time spent watching TV is a drain on productive time, so keep it to a minimum.

2. Spending time with negative people.

The last thing you need to be doing right now is commiserating with negative people. You’re probably already in a delicate emotional state, and negative people have the potential to finish you off.

Anything pessimistic will slow down your job hunt. Getting back in the workforce has to be your goal. Listening to counter-productive conversation might keep you camped out on the misery of your job loss, and you don’t need that right now.

3. Ruminating.

Whenever something bad happens, ruminating over it is natural behavior. While some of that will happen automatically, you have to be intentional about keeping it to a minimum. Whatever happened that led up to your job loss is now history. Learn from it, do your best to not repeat any mistakes you made, but by all means, let it go. Rehashing the episode won’t change the outcome, and only causes you to focus on the negative.

A job loss is a time for action, and that has to be your focus. Ruminating can easily be mistaken for action, but it’s nothing of the sort. Only action is action. Keeping yourself busy will be a priority. When you are out and about, there’s a chance that you can make good things happen. When you ruminate, all you’re doing is stewing in your own juices. Make a plan of daily activities and stick to it, even if you don’t feel like it. Action puts us in control, ruminating turns us into self-styled victims.

4. Borrowing money.

Making ends meet with a reduced income is a challenge, one to be faced with resolve and consistency. Cutting expenses is the answer, not trying to get more temporary income. Taking out a loan – or worse yet, hitting up friends and family – won’t make the problem go away. The debt will have to be repaid at some point. Having it hang over your head while you get started on a new job adds pressure you don’t need. Worse, if your time out of work ends up being longer than you anticipate, the loans will begin to weigh heavily on you, adding more problems.

5. Applying for jobs you’re not qualified for.

There’s a theory that when you’re unemployed you should use the “shotgun” method of applying for work. That involves applying for any job that’s available under the assumption that sooner or later someone has to hire you.

It sounds logical, but don’t do it. Here’s why:

  • Applications for jobs you aren’t qualified for will only result in more rejections; protecting your ego is important in a job hunt – a growing pile of rejection letters isn’t a positive development.
  • Ultimately, there are only so many potential employers for your skills in your location; you don’t want to hurt a legitimate job opportunity with an employer by applying for positions you aren’t qualified for.
  • Time and effort expended on frivolous applications will take time away from a more focused job search.
  • Applying for a lot of positions might feel good when you’re doing it, but it only builds false hope – that will lead to a big letdown when reality hits.

You don’t want to get caught up spinning your wheels in the mud. Concentrate your efforts on the most likely positions and ignore the rest.

6. Feel you’re worthless or that you’ll never find another job.

This is a form of fatalism, and you don’t need to be engaging in it. Bad things happen in life, and part of our success is learning how to deal with it. No matter how bad your situation may seem right now, you’re not good-for-nothing. You are an individual who has hit a rough spot in the road. The layoff may be because of a lack of work, management’s bad decisions, or you may indeed have under-performed. But you are still a person valuable to many. There are things you can do no one else in the world can do. Be proud of your personal identity, and most of all, be ready to promote it.

It is extremely rare for a job-seeker making reasonable efforts to not find work – sooner or later. But you have to keep working at it.

So be ready to clear the decks in your life, and to focus completely on the job at hand – finding a new job.

What activities do you find to be unproductive after you’ve been laid off from your job? Leave a comment!

How Peer-to-Peer Sites Can Help You Borrow Money

borrow moneyOne of the most difficult situations you can find yourself in is when have lost your job, or your hours are dramatically cut. In some cases, you might be looking for a way to extend your emergency fund, or get a little help as you look for a new job.

Peer-to-peer (P2P) lending sites can help you borrow money to get back on your feet, and can also be a convenient way to get help from family and friends.

Peer-to-Peer Lending

The idea behind peer-to-peer lending is that you can get help from people who are more or less like you. It’s possible for you to borrow from those who are willing to fund you in increments as low as $25. Sites like Lending Club and Prosper allow you to get others involved with your efforts, and do so in an “official” way.

One of the biggest pitfalls of borrowing from friends and family is that things can get personal. How do you charge interest? What’s the payment plan? Will you really repay the loan? Or is it supposed to be a gift? Using peer-to-peer lending sites can help you clarify these issues.

With a P2P lending site, someone else takes care of all of those details. You can figure out how much you need, and then invite friends and family to help fund your loan. As a bonus, you might also get help from strangers. You can specify that you are looking for money to help you find a new job, which might include the costs of career coaching, resume development, and perhaps a course or degree you need to take things to the next level.

It’s important to realize, though, that this formalized arrangement means that you have to repay the loan as agreed, or your credit rating could suffer. If you aren’t sure when you’ll be able to start making payments, it can make sense to go through a more informal process with friends and family, or ask for gifts.

Borrowing from Friends and Family without P2P Lending

If you are going to borrow, even if you don’t go through a P2P lending site, it can still make sense to make the situation as businesslike as possible. There are plenty of templates that can help you put together an agreement with friends and family to repay a loan. And, thanks to payment options like PopMoney and PayPal, it’s fairly easy to make payments if that’s what you decide to do.

However, you do need to be aware of the risk you are taking with your relationship. If you don’t repay the loan, it can lead to hard feelings. You might risk a friendship or strain a family relationship if you borrow money. Take that into consideration before you decide to borrow from friends and family, whether you use P2P lending or some other method.

In fact, P2P lending online can be preferable, since it gives you the chance to borrow without getting your friends and family involved.

Another option is to be upfront about your need for gifts. Sites like Betterment and GoFundMe offer you the chance to receive money from others to help you reach your job search funding goals – no strings attached.

What do you think about P2P Lending? Leave a comment!

How to Keep Your Skills Sharp When You’re Between Jobs

job skillsOne of the hardest things to explain to potential employers is a gap in employment. It’s especially difficult if you have a skills gap. Even if you don’t have a “real” job in your field, it’s important to let potential employers know that you’ve been keeping your skills your sharp, and that you are a valuable asset.

So, as you look for work, you need to do what you can to stay on top of your career. Here are some things you can do to keep your skills sharp when you’re between jobs:

Take a Class

Perhaps your job skills have declined a bit, or you’re not quite up to date. Maybe you want to make a bit of a change and re-enter the workforce with a slightly different skill set. If this is the case, see about taking a class. You can go back to school to finish a degree, or take a seminar or course that offers a certification that you think will be valuable.

In any case, the fact that you are improving your skills and expanding your abilities through education offers a good reason for your employment gap. Not only can you boost your marketability, but you also have an ironclad alibi for your lack of a job over the course of a few months. This is important, since studies indicate that the longer you are unemployed, the harder it is to find a job. You can reduce this difficulty if you can show that you have been using the time productively.


If you have skills that others can use, consider volunteering. You can keep your skills sharp by helping others. Depending on your abilities, you might be able to help with PR, bookkeeping, building, project management, or any number of tasks that many charitable organizations need help with. Not only will you stay up to speed, but you will also show potential employers that you haven’t been idle.

Volunteering is also a good way to meet new people and expand your career network. You might get access to new job opportunities through the people you meet volunteering. A good cause often brings people in the community out of the woodwork, and you might be surprised at the doors that open even as you keep your skills sharp.

Start a Side Hustle

Perhaps you can keep your skills sharp by starting a side gig. Even if you want to find a new job, chances are that your skills can be used to make money for you, rather than make money for someone else. While you want to keep up the job hunt, you can also start your own business, and use your skills to help you earn a little extra.

You can talk to potential employers about your entrepreneurial ideas, as well as possibly make some money on the side. Your skills stay sharp, you look like a go-getter, and you might even make enough that the new job is unnecessary.

What do you think? Have you had to keep your skills sharp during a period of unemployment? Leave a comment!

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