I Just Lost My Job. Now What? My Plan
After being employed for almost twenty-five years by the same company I will soon find myself unemployed for the first time in my life because of the closure of this business.
So now what? I'm 49 years old without a college background as I entered the military after high school.
The choices I make in the coming weeks may not sound as those of a responsible adult. Of course everyone has different responsibilities and situations so my choices could be different then many other unemployed people.
My purpose in writing this hub is to help people think “outside the box.” Losing a job and friends you have been working with for many years can be depressing and throw a person's life into uncertainty that can be scary.
My first advice to is take a deep breath and those that can afford it (many that think they can't afford this idea actually could) is........ take a vacation. The way I look at this idea is you've worked hard for many years and now face a uncertain future. Take time out for yourself and dissect yourself from the problem for a a week or so and relax. Clear your head and come back refreshed.
Many years ago I was worried about a bill and a friend told me your always going to have bills and have to pay taxes whether you enjoy life or not.
Of course I realize many people don't have the advantages I have in trying to make lemonade out of lemons when unemployed. I'm not saying I have money but my kids are grown and doing well. I can scrape up enough money to knock out a once in a life time bucket list trip. My previous job also gave me generous vacation time. Once I find a new job I may go with a year or more without vacation time and I doubt I will ever have as much vacation as I have had in the past.
I plan on going to Thailand soon. Traveling to a new place makes me feel young once again by the wonder of new experiences and sights.
First, contrary to many “experts” I'm going to withdraw my 401k savings and take a federal penalty hit.
I'm doing this to pay off most of my debt as I adjust to a new life style with lower earnings. I think its going to be very hard to find another job that pays as well as the job I just lost. Yes, I know there goes a chunk of my retirement savings but there is a sort of logic to this “madness.”
First, I will save money by paying off credit cards and other debts which will stop a good sum of money going to pay interest each month. Second (and I only say this in half jest) I will be lucky to see another 20 years. I base this on three factors:
lifestyle, my previous job, and family history.
The good paying job I lost after 25 years wasn't known for a “healthy environment”. The usual age of a coworker that has died through natural causes seems to be in their late 50's to mid to late 60's.
My Favorite Place: Puerto Vallarta, Mexico
- What part of Puerto Vallarta to stay, Hotel Zone or the South Side?
Why it's best to stay on the South Side or also called the Romantic zone or old town instead of the hotel zone.
- Tips For Puerto Vallarta
- Luxury Accommodations In Puerto Vallarta on the Cheap
- Being Young Again In Puerto Vallarta
Characters I have met during my years visiting Puerto Vallarta and why Puerto Vallarta makes me feel young.
If I do beat the odds and live to a ripe old age then my contingency plan is to live abroad where a social security check can pay for a comfortable retirement compared to scraping by month to month with subsidized housing. Many Americans that don't travel get their impressions of other countries through newspapers and sensational stories.
A case in point is Mexico. I have been to Mexico many times and I feel safer in the parts of Mexico I go to then some cities in the United States. Some parts of Mexico have a huge expat community of Americans and Canadians living side by side with nationals.
I have wrote several hubs of my trips to Mexico.
My passion is traveling and meeting new people. Everyone has a passion.
I for one, hope to spend my few months being unemployed by waking up early, having a cup of coffee, talking walks, catching up on my reading and looking at travel deals online where I could take a backpack and go to some place new for a couple of days.
How many times have you told yourself you don't have time to spend with family or go fishing or seeing a movie or play?
I know soon enough that I will be back at a job that will probably pay a lot less and have rigid hours and little vacation time.
My advice is to enjoy life more. Losing a job may actually not be as worse as people make it out to be.
After 25 years at the same job I sort of look forward to enjoying life more and seeing what the future holds. I see this as a new chapter in my life. There is always a chance that being forced to change your life style could be in your best interest.
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