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Radical Personal Finance

194-You Just Got Laid Off. Here's What To Do Next!

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 13 May 2015

⏱️ 65 minutes

🧾️ Download transcript

Summary

Today, we finish out the 3-part series on preparing for layoffs in the coming recession.

Today's show will be useful to you, even if you just got notice of your layoff and didn't do anything to prepare for it beforehand.

The major theme of today's show is that you need to take appropriate action with appropriate speed. If you're stuck with little savings and no preparation, that means take massive action, now! If you've planned a bit better in advance, it means be strategic and thoughtful.

We discuss:

  • The impact of self-confidence on your job hunt.
  • The importance of having work now and not being unemployed for a long time.
  • How to take massive action on your job hunt for quicker results.
  • What types of approaches are most successful for job hunters.
  • Some radical strategies you can plan for that will enable you to simply wait out and enjoy the recession instead of being stressed by it!

Enjoy!

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

So you just got some bad news, did you? They laid you off. Bummer. Well, let's talk about what to do now. And let's talk about what to do now and let's talk about what to do practically if this is a

0:15.7

tough situation and let's talk a little bit about some radical ways to make this

0:21.3

the best news of your life. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and today

0:46.9

we round out our three-part series on getting laid off. Part one was how to make sure you never get laid off. Part two was

0:55.6

how to make a plan in case you do get laid off and today we dig into, you got laid off.

1:03.7

How do we make the best of a bad situation

1:06.4

and maybe turn it into a great situation? Today's show is going to be a mixture of two different themes. Number one, the theme that will face many people because I want this to be a practical show.

1:22.0

The theme that will, you theme that if you're if if in the

1:25.6

coming recession you find yourself in a situation where you're laid off for most

1:29.0

people that's really bad news and so I want to speak very practically in the beginning part of today's show

1:34.1

about what you need to do in that situation. If you are in a tight spot and you are

1:39.7

facing a difficult situation then the first half of today's show is going to be

1:44.6

probably more than half but the first part of today's show is going to be speaking to

1:48.0

you. However, if you're listening to the show now, then that type of emergency action plan is not for you.

2:00.0

We've got a better idea.

2:01.8

Now you might still get laid off and if you do then that's what I

2:05.8

want you to pay attention to the back half of the show to see some of the more

2:09.7

radical ideas of the things that you can do to make this a really great opportunity.

2:15.0

Because even though it might not look at it at the time,

2:18.0

being laid off for many people is a tremendous opportunity.

2:22.0

I'll tell you for me it was one of the best

2:25.6

blessings that happen and I'll tell that story later in today's show. The major

...

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