Being Laid Off or Pay Cuts and Lack of Money - Sucks!

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Being laid off, redundancy or pay reduction if it happens to you really feels bad .. but it may be one of the best things to happen in your life.

OK, at the time you feel absolutely terrible and can be fearful of the future.

You look around and wonder where your next job is going to come from.

Other businesses and companies in your area of expertise all seem to be down sizing or making cuts and there is gloom and doom everywhere.

The story all around seems to be of people being laid off and pay cuts.

A lot of people, when being let go, feel for some reason ashamed and as though they have let their family down when in reality, most of the time, it has nothing to do with them or the quality of their work.

In today’s fast moving commercial world, career and job change will happen a number of times in our working life. Being laid off is now just part of the business cycle.

Another understandable reaction is to get mad and that is only natural. The thing is not to get bitter or take it like a personal insult.

Like they say in the ‘Godfather Films’, “It’s not personal, it’s just business.”

So don’t be bitter. Just move on with your life.

If you can, have a vacation even if it’s just for one day.

Forget your circumstances and just enjoy yourself and have some fun because you deserve it!

To get the best out of this psychological trick you need to promise yourself and your loved ones that at the end of your break, the day after, a new phase of your life begins.

Your new phase needs to begin with a thorough assessment of where you are right now.

How long will your money last?

What are the priority payments you have to make?

Is there financial help anywhere?

A good idea is then to draw up a budget plan and stick to it.

It’s easy to say but worry doesn’t help. Effective action does.

Ask and answer these simple questions:

Where am I now?

Where do I want to go?

How do I get there?

I’ve read articles about being unemployed and they talk about ‘finding out what you really want to do ‘ and then pursuing that. That may be OK for a few but most are in the position that they need a job and quick! They need to pay the mortgage or the rent and the kids need new clothes etc.

My view is that on this first day of your new phase in life, you need to think that your job is finding a job. Period.

Sure there are chores around the home you could do but that will not find you work, will it. Set aside five or six days a week to look for work eight hours a day. That is now your job. Depression and self-pity will not find you employment. It will only lessen your chances.

On this your first day of the new phase in your life your first job is to ask yourself, “Who do I know who could help me in some way, however remote, to get work.”

I’ve been laid off three times in my working life and it sucks.

The worst was awful but it was one of the best things to happen to me.

I was married with two children and living in a tied house and I got fired with only a weeks pay on severance. I had no money, no job and had to leave the house within a month. I visited the unemployment office and they had nothing for me. So I looked for ways to earn a living and racked my brains as to who could help me.

About three months before being fired I had taken out a life insurance policy to protect my wife and children. When looking at the policy and trying to figure out how to meet the payments it dawned on me that maybe I could sell life insurance. I didn’t know anything about it but I made contact to see if this guy could help me.

The outcome was that I was employed as a life insurance salesman on a salary and I was able to raise a mortgage to buy a house quickly so I could move out of the tied house into one of my own.

From seeming disaster a new beginning dawned and a new career at which I was very successful. Looking back of course it all seems so straightforward but at the time, I have to admit, it sucks.

Not working in today's economic climate is hard and it is difficult to keep your spirit up and have your priorities right when you’ve been cut. Motivation to get back out and look for work initially may be high but after a few rejections it begins to get whittled away.

The answer is to never give up and to always be looking for things you could do that you never thought about before.

One answer could be your own online home business.

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