Plan Z. What If I Lost My Job? link to this post
I recently wrote about how I would meet my 2006 goal, or probably not meet my goal would be the more appropriate description, but what if everything went south, and for whatever reason I lost my income source, my job. What would I do? I'm not sure...I've thought about this a little, but it's a serious question. Am I emotionally prepared to handle it? Financially prepared? What are my backup plans? Financially, I'll be okay. I have enough funds to last awhile, but if unemployment lasts long enough, it will eat away at my funds for my future home. Frugality takes on a whole new meaning. Emotionally, I think I'm ready. I don't particularly enjoy my job right now, and have been thinking of other things I could do. But the truth is, I'm not really prepared for it. How would I gain a new income source? Can I find a new job? Should I go back to school? Here are some ideas I have should I lose my job: 1. Start my own business. I do have some ideas that I've just never pursued fully. Including an online business selling various items from Hawaii. 2. Go back to school. I've thought about this one a few times too. I do want to pursue an MBA and/or a degree in secondary education. 3. Teach. Something I've wanted to do since my high school biology class. 4. Join the Peace Corp or AmeriCorp. Actually this is one idea that I would love to do. It'll become much more difficult as I have more responsibilities, so I could consider this something to do ASAP. With a family, house, dog, etc. it would be much more difficult to leave. What would you do if you lost your source of income?