Jobless? How to Get Your Finances in Order ASAP

Updated: Nov 25, 2020

Just got the pink slip? Whether you were laid off or left by choice, there could be a lot of financial pressure if your finances aren’t squared away. So let’s change that. Time to get your financial ducks in a row once and for all!

Being unemployed can be extremely stressful. Believe me, I get it. In the past, I’ve resigned on impulse which forced me to face my finances head-on.

For better or for worse, being jobless lead me down the path to Financial Independence Retire Early (FIRE). And boy was it downright awful at times.

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My journey to Financial Independence Retire Early (FIRE) has been a wild ride. But at 35, I did it! Like the stock market, there were many volatile moments. One thing I know for sure...

Financial setbacks are a part of the learning process.

If you are jobless, there are a lot of things you can do to make the most out of your free time. This includes increasing your financial literacy.

Financial literacy is a lifelong learning process. There are so many things I wish I didn’t have to learn the hard way. Here are my top 5 tips to help you reach your goal of early retirement.

Build side hustle income

There are a endless ways to create side hustle income and reach FIRE. Investing in stocks, owning rental property, creating your own online biz, and so forth.

But it doesn’t mean you need to do it all. Just pick 1 or 2 that gets you excited.

Everyone's financial situation and personal interests is unique. It’s important to try out different side hustles to see what works best for you.

I tried many different side hustles from teaching yoga to index fund investing. Eventually, I narrowed down my preference and was able to reach FIRE mainly through index fund and real estate investing.

Not sure where to start? Here are 8 ways I created multiple streams of income.

I’ve taught yoga, rented out my car, Air BnB my condo, invest in index funds, and so forth. Of all the different ways to make extra money while working full-time, taking online surveys offers the most time flexibility.

Access your FREE E-Book today!

E-Book: Corporate Dropout: How I Got My Finances In Order Before I Resigned

Don’t have a lot of time?

Answer surveys at your own pace.

Whether you have just one free hour each day or if you are willing to work 10-20 hours on weekends, earning extra money can help in building your emergency fund to paying off debt.

Most importantly, it can help you achieve financial freedom sooner.

Get paid between $1 to $50 for taking an opinion poll, answering questions about shopping habits or reviewing a product.

You’ll be paid through Paypal, checks, and or gift cards.

The more you sign up with different companies, the more surveys you receive. Thus, the more opportunities to make money.

Here are a list of trusted survey companies that are free to join, free to use:

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1. MyPoints Surveys

Shop online, take surveys, watch videos, read email and more to earn Points. Redeem your Points for gift cards, travel miles or cash via PayPal.

2. Swagbucks

Swagbucks lets you earn gift cards for taking surveys, watching movie trailers, shopping online and more. Join over 15 million Swagbucks members today!

3. Prize Rebel

Earn points to be swapped for gift cards, cash, and more. Sign up to the site to complete the surveys that grab your interest The more surveys you complete the more cash you can earn.

Build F-You Money

No job is 100% secure. You never know if the employer will swipe left on you and if you’re impulsive like me, shoot unemployment can happen within hours!

Always give yourself breathing room by having an emergency fund, aka F-You money.

Having an F-You money allows you to swipe left on the 9-5 rat race.

And if you do end up saying F-You to the boss, be sure to tell me about it.

Most financial experts recommend 6-12 months of monthly expenses saved up. Here’s how I was able to build my emergency fund in 6 months.

Ready to pivot your career to align with your ideal lifestyle?

Changing jobs within the same industry can be challenging. Pivoting to a new industry can be even tougher and take longer.

Access your FREE E-Book today!

E-Book: Corporate Dropout: How I Got My Finances In Order Before I Resigned