I was updating a friend on my job search and the conversation went something like this:
“You should have listened to me. I told you that start-up would go under.”
“Yeah, but I quit before that happened anyway.”
“Either way, you don’t have a job. You could still have your old job right now and not be searching for a job in a recession.”
“But the start-up job was better than my old job. I accomplished a lot more in a shorter time period. It was a good choice.”
He stared at me in disbelief. “Monica. You’re unemployed.” His tone rang with finality. As if being unemployed were like getting diagnosed with leprosy, or dying.
Listen Up. First, I’m not unemployed. Second, if I were unemployed, I would be okay, and you can be okay too. Here’s why:
If you’ve managed your career well, you will always have more than one income stream.
Right now I have two – I have a website that makes money from affiliate marketing and ad placement that gets a quarter-million pageviews per month, and I am consulting two start-ups on their social media strategies. No, I am not rich from either of these ventures, but I am making enough to pay the bills and stay busy.
People who are afraid of not having a job worry because they only know how to make money one way. Even if you have a job, figure out what transferable skills you are gaining now that could help you make money when you don’t have a job. Most people are surprised to find that many of their skills are only useful to get the same job at a different company. And what good is that if the entire industry is tanking?
So work towards multiple revenue streams. But realize that “money in” is only half of the equation; the other half to work on is “money out.”
If you’ve managed your finances well, you will always have unemployment insurance.
Eric and I have impeccable finances, which I can’t take much credit for because Eric is truly an impeccable manager of finances. His frugality is a major part of our success, and I feel secure knowing I will always have someone keeping track when I don’t.
Where I add value is I always have little “schemes” (his word, not mine) about how I can make more money on the side, no matter what my main job is. In the beginning, my schemes annoyed him, and probably scared him. The only way I could convince him to let me try something was to show I could produce tangible results.
It became a game between us to see how much my scheming paid off. So I opened a second checking account with a couple hundred bucks to fund my schemes, and put all my earnings back into the account, never dipping into it for emergencies or spending a penny of it on myself.
It’s paid off big time. After a year we had thousands of dollars saved up that we didn’t even count towards our regular savings. Now, when my restless mind comes up with a new scheme, Eric is willing to invest a small amount of our money to let me execute. He likes having a Plan B.
If you’re a creative thinker, you will see your Plan B in everything.
I have plenty of ideas for jobs I could do to make money. I could give speeches about marketing or technology at local colleges. I could become a freelance writer for online magazines. I could create an online course. I could sing at a local bar (yeah, I sing. Weird, right?). I could write an E-Book and partner with people to sell it. I could even become one of those desperate internet marketers and put ads in my Twitter stream (okay, that’s not going to happen, really).
Furthermore, I can also think of back-ups in case we run out of money. We have student loans we can draw from if necessary. We have valuables we could sell. We have our parents who might be able to help us out with a loan. We have excellent credit and could probably get a loan that way. We have credit cards.
Okay – some of these ideas are not great – but you don’t need 50 million great back-up plans. You need maybe two or three to feel secure. And how hard is that if you get creative?
If you want to work, nobody can stop you.
You know the saying that goes, “No one can make you feel inferior without your consent” (or something like that)? Well, the same holds true for your job. Nobody can tell you to stop working, and you don’t need to get paid for all the work you do.
Look at this blog. It takes a lot of work to maintain, and nobody is paying me. But that doesn’t mean I am not learning and gaining skills that could be listed on my resume or lead to a paid job. And actually, I have gotten one paid job through Twenty Set recently, now that I think about it.
I don’t consider myself unemployed. On my resume, I have a listing for “Marketing Consultant,” where Twenty Set is one of the bullet points. Because that’s what I do now. By choice. Mine.
And if you don’t want to count that as being employed, consider that extremely successful C-level executives almost always have consultant work on their resumes. They are not afraid of not working full-time for a company because they know their most valuable skills can be sold in any form.
So figure out what you want to do, and then just do it. And call it work, because that’s what it is when you are trying to meet a goal or produce a marketable product. Your life is not tied to a job.
If you keep a healthy perspective on life, your employment status is insignificant.
Frankly, my buddy at the beginning of the post upset me. We have a mutual friend with a blood clot who has been hospitalized several times over the last few weeks, whose body is not responding well to the medicine. It makes me mad that he would admonish me for my choices when she is dealing with a potential nightmare right now.
And look – having a job doesn’t make your life easier all the time. My ex-boyfriend has a job, and his life is terrible right now. He leads a platoon and spends 12-16 hours a day running missions in Iraq. His team had to buy wood from a local store to build each of the soldiers’ dorm rooms, which are barely big enough to fit a bed.
There are so many worse things than being unemployed. You could be really sick or you could be in a horrible job that is leading nowhere or you could be risking your life for a country that doesn’t appreciate it. If unemployment scares you that much, consider you may need to reevaluate your priorities. What are you so afraid of, really?
Now, go fix that. And stop worrying about being unemployed. Life’s too short.
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