The economic downturn that began in 2008 still cast a shadowy doubt even to this day. Politicians and most experts say that the US economy has started to stabilize back to 7% unemployment rate; however, some financial advisors and Wall Street insiders say that this figure is far-fetched and that the actual figure is around 9.7% which is disturbing. While you and I can do little to reverse the unemployment rate at the moment, you can find ways to get through this gamut of economic malady.
Here’s how you can do it.
Find Online/Local Part-Time Jobs
Perhaps the most affected in this economic crisis are the low-wage earners and students who couldn’t afford a decent education and are forced to resort to student loans. But there is a way that you can survive through this and it starts with you having a plan to get out of this sticky situation. So, let’s just say that you’re the average Joe and you got no job, but you want to go to school or build a career from scratch. How do you find a way to turn things around towards your favor? Here are some tips that people who have gone through this had shared with me:
1. Sell some of your stuff through a garage sale or online.
2. Borrow money from your parents or friends and just promise to pay it back in a later time.
3. Start doing a job search (on the web or at local business establishments).
4. Identify and list down your skills that are useful for the job(s) you’re applying to. Some jobs on the internet can be learned in weeks or months and practically anyone can start as a newbie and earn enough to support themselves.
5. Once you become good at landing jobs, whether at a local cafeteria or on the internet, save money for future plans. Your future plans should start with aiming for a job career or a start-up business.
6. Pay all the debts you owe and move on with your life.
7. Aim to graduate from college (if you’re a student); or aim to get enough work experience to start on that dream career you’ve always wanted (if you already have a degree in the job that you’re applying for).
8. Take on small jobs and don’t worry about the salary, because the biggest payoff is getting work experience which is priceless.
Start a Web-based Start-Up Biz
If you have enough savings in your bank account but aren’t quite sure with your future, because you ended up in the wrong boat just like everybody else has – jobless – then better put that money to good use! There are a lot of business ideas for online start-ups, but let me just start with the simple ones below.
• Blog/Magazine Publishing
• Affiliate Marketing
• Review Sites
• Community Membership Sites
• Designing and Developing Websites
• Online Auction Business
• eCommerce Stores
These web-based businesses makes a 5 or 6-figure salary a month for business owners, yet the budget capital needed to get started is around less than 10% of their monthly income! It’s crazy but it’s true! And did you also know that most of the folks who has gone into this business have become millionaires and even retired to the Central Americas and the Caribbean living a financially free lifestyle?
So take your dreams to the skies, but remember – start small and start low and then work your way up to the top, because success is for those who believe in their dreams.