It is fun to talk about the best folder or alcohol stove. What about talking about a real, and potentially likely, disaster such as losing your job?

What have you done to prepare if you lose your job?

My workplace suffered from some lay offs last year for the first time in the 30 some years they've been in business. You see they had just had their first change of management. This was a wake up call to us here and we naturally started making preperations.

The first and most obvious update your resume.

Second, learn how to use the modern day tools for finding work, if you don't already know.

Then start looking! Don't wait till your out of work to start this part that's like reading the Survival Book while the ship is going down. Know whats out there. Just don't commit yourself to anything yet, unless of course you happen to find something better. Ya never know.

And as an additional note, don't be picky. If i lost my job today i'd be working again tomorrow. I might be flipping burgers but i'd be looking for something better while having at least some income.

I hope this helps and i'm sure this is just the tip of the iceberg. It will be interesting to read more on this topic.

Just lost my job. We sold the mobile pet grooming business that we have been operating for five years. My preps included making sure that I had current copies pf professional licenses, activating the
old girl network, and getting a resume up on some websites. I am planning some down time before I start the new gig. I have also had to adjust my aspirations a bit. The job that I love-emergency nursing-carries with it the expectation that the employee can work 12-16 hour shifts, lift 300 pound patients, and restrain fragrant yet abusive drunks. My aging body can no longer do this. Like an old fighter, I still have the moves, but no longer have the wind. That means that I need to redefine myself in terms of what I can do, rather than what I want to do. I know too well that it is perfectly possible to love things that are bad for you, but losing them still hurts. The good part is that health care continues to offer lots of jobs. That is a thought I would share with folks looking for work. Nursing is a good 'second career'; education is available at local community colleges and online through Empire College. The work is plentiful and fulfilling. Pace University in Westchester County, NY, ran a weekend/evening program that tended to fill up with retiring NYC police and firemen. Upon graduation, these folks hit hospitals which were used to new grads who were 20 years old, sorta shy and diffident. These folks were neither shy nor diffident, and had quite a remarkable and positive effect on the profession of nursing in the lower hudson valley.

That's another good point. Skill up! In survival we learn how to start fire by different methods, how to make shelter from various natural materials and different ways of making water safe to drink. The same principals can apply to many facets of every day life. I know someone who's been out of work for a long time now and has gone back to living at home with her parents. Its very unfortunate but when you graduate college and the job skills you gained consist of speaking Russian, German and Italian you severely limit your employment opportunities. You at least need to have some backup skills.

Its never too late to gain them either.

I'm also getting jobless soon. Mine fire department can't afford me because they didn't sign a agreement with the minister.

Not entirely a bad thing. I was planning on working less, because the combination of working life and studying for a master degree is really hard. I have build a financial buffer, i can use to finish mine study. At the same time I'm looking for a part-time job to supplement mine buffer. Getting jobless i also a good time to reflect on your working life and plan for the future again.

I'm thinking of joining the national reserve (army reserve), which at least isn't as boring as most desk jobs and i hope too hone some leadership skills. I'm also planning to get involved in virtual training for emergency services. If both doesn't work out, i will probably just get anything i can. The unemployment rate is actually really low in mine country, so if i really want i job i can get one.

Having been laid off a few times, I don't think can ever really prepare for it, any more than you can prepare for a sucking chest wound.

That being said, there is a reason why I'm not complaining about being underemployeed. I'm working for a company that does property management software, and I specialize in the affordable side of things. My only concern is that as an engineer my skills have a shelf life, but for right now, I'm in no danger. They tried outsourcing to India- my customers are often (and I'm quite serious here) illiterate and speaking English as a second or third langauge, so the added language barriers kinda blew up.

I got laid off last November. However, the company has been laying off for the past 7 years (from 95k people to 33k people), so it wasn't a surprise. I paid off the truck and a couple of credit cards before the axe fell, and built up a bit larger bank account.

After the axe, I took the company supplied career counselling very seriously, and have used that to get a series of contract jobs.

General ideas:
1. In a stressed environment, don't take being laid off personally. It probably wasn't your fault.
1. Figure out your health insurance, see if you can do without Cobra.
2. If you have credit cards, see if you are signed up for the credit protection insurance that pays your minimum while you are out of work.
3. If you have a mortgage, you might have this option also.

Career planning hints from career counseling:
1. Anytime a job is advertised, the HR people will be flooded with resumes. You have 2 seconds to capture their attention. All summaries, keyword lists, etc. need to be in the first half of the first page.
2. Most jobs are filled by networking rather than by cold contacts. LinkedIn.com helps you hook up with people, and find contacts inside of companies you want to hit. Example: http://www.linkedin.com/in/jbeadles
3. Your community probably has local volunteer career counselling groups. Use them!

I have been preparing for job loss for a long time now. Here are some things that I have done that have really paid off for me. Not only do they prepare you for job loss, but for advancement as well!
1-Put a little money away every week with the goal of having 6 months in reserve.
2-Take on varied responsibility with your current employer. Do as many different jobs as possible so that you have a cross functional background.
3-Keep your resume current at all times.
4-Take a college class every once in a while for self development, your employer may pay for it.
5-Pay close attention to the industry that you are in and the current trends. Project out what will happen in the next 6-12 months.
6-Network, network, network! Maintain relationships with friends that have moved on to other companies.
7-Don't burn any bridges no matter how badly you may want to!
8-Stay one step ahead of your company and look for a new job before things get too bad.
9-Be open to relocation for the right opportunity.
10-Stay upbeat and positive no matter how bad things get. Keep that "survival mind set"

Well said!

Having been layed off myself, I have learned from past experience. I have made sure that I have several "on tap" job back ups - I have and maintain a CDL. I can weld or do finish / cabinet woodwork.

I also have been getting my nursing degree as nurse mike was saying (been a cop and firefighter) and everything he said is true. Excelent advise Mike!

Having been in school, we are living off one income (it is tight) but we are doing it. We are going to maintain this current debt ratio, and hopefull we will not be concurrently out of work.

We also try to stay 3-4 months ahead on the morgage. It is a nice buffer to have "just in case!"

Good topic. I believe that Dave Ramsey's advice to build up 3-6 months' worth of expenses in a safe, liquid form is wise. It will give you the time to find a good job, not just A job, when layoffs come around.

I was "restructured" a few years back. That was the euphemism they used anyway. Luckily, when the folks I worked for first hinted they may be looking at those measures, we pulled back immediately. We made it a game to get out of debt...even if we had a spare $5 we were making payments and high-fiving.

We put cases of canned goods under beds and couches (we have no storage space), dried items into containers and started buying for nthe long-haul. By the time the axe dropped, the only debt we had was $2000 on the car and my vacation payout covered that. One day after the payout hit the bank, I paid it off.

I was out of work for 11 months...which sped by! I had assumed it would have been more like 3-4 but times were tough when it happened.

Looking back...we could have cut back even more if we'd had to. We pretty much have the shutdown steps down now. We still hate debt and will cut in a minute if it looks like that is the option. Lately it looks like retirement, which was to be a good number of years away, might never be an option.

But we also shifted buying habits. We have squirreled away some food, first aid items, clothes, blankets, and utilitarian items. We already tried to wait and buy stuff which would last, and we continue that.

Never pass up training...OF ANY KIND. Even if you think you might never use it. And don't do what I did for years and not keep records and certificates and such. One day they may come in handy.

Oh...and don't count that EtOH stove out. It too may have a part to play.

In the end, I don't think ANYONE is ever really prepared to lose their job...but you can take measures that sure make it hurt a lot less and helps keep the little stuff and wolves at bay while you focus on bigger things.

That's a good point. I've seen otherwise rational people just crumble and spiral into self-doubt when it happens. That will not help one move on, nor will it help one cope with the real issues one is about to face.



We were lucky in that regard and I went up under my SO's plan. Luckier still in that we are very healthy and that continues <knock on wood> .



I opted not to use the counselors setup by my employer after being wholly unimpressed with their rep's knowledge of my vocation and potential prospects in the exit interview. YMMV...I just knuckled down and did it on my own. either way...the point is well-made and that is to view every option you may be able to use...even if you may not immediately see the utility.

I have seen society turn sour and have taken a long term plan.

1.I became a correctional officer in a maximum security jail, survived two riots, retired after 25 yrs. and now get a meager pension plus health insurance. This will be good until the monetary system collapses totally.

2. I got completely out of debt and pared my material possessions down greatly.

3. I read a lot and tried to develop skills that will help me when it hits the fan.

4. I developed a survival mindset. I know what to come won't be pleasant but it too will pass.

5. I developed a relationship with God and ask for guidance every day (I need it). This also helps me cope with the things I will have to do when our government turns on us.

I hope this helps, the details of the plan are many and the time is coming.

Yes.

As I ventured into the family custom home building business in late 2001, I knew it was because my father needed an out, and I would not want to stay.

I came from the telecommunications industry and had watched .com go .bomb with the disastrous effects on many families of folks laid off.

I then took every extra cent not involved in keeping the company going and the family fed (+ a few extras) and invested like crazy.

Current stock market, ahem, "adjustments" have knocked me back some, but with almost all debt retired it's not too bad.

I have about 14 years to live off interest without changing lifestyle and not touching principal. Granted that is at todays dollar to cost. It was 20, but see the latest DJIA and you know the score.

My family members have some hugely expensive med's that private insurance just don't cover, so I am better off in a group plan.

As such, time to find a "real job" as my wife likes to call it. You know, one with real benefits and a real schedule, as opposed to 5am to 7pm in the field followed by 7pm to midnight with paperwork.

Just let the housing market crap out and think, last year I had 4 spec's and 25 lots. Whew, glad that stuff sold when it did. All the influence one needs to take your ball and go play somewhere else.

It may not have been the fun part of prep's, but it has made my family feel the safest. It has also allowed me to start giving back to the folks who raised me, and the community around me. Give Habitat for Humanity a call. It will be some really worth while effort.