Protect Against Job Loss
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free.
Having a stable income is the key to financial success. This month, we’re sharing advice on how to ensure you remain employable and able to adapt to a changing economy.
3 Truths To Protect Against Job Loss
If the pandemic lockdowns taught us anything, it’s that no job is truly secure. Luckily, there are things you can do to avoid long-term employment struggles.
Tune in to this short podcast as Doug Hoyes gives lots of practical advice to help you achieve even more success at your current job, as well as, best practices if you are looking for a new role.
Good Reads From Around the Web
Should You Become Self-Employed?
You may be thinking about becoming your own boss, rather than working for someone else. This is a noble pursuit and has a lot of advantages.
Listen to this discussion between Ted Michalos and Doug Hoyes as they walk you through what it entails to be a self-employed person, including the debt risks and all the dos and don’ts.
4 Tips To Stay Employed
We believe you should always hope for the best, but have a plan for the worst, just in case. So here are 4 tips to ensure you remain employed, no matter what life throws at you:
- Ensure your resume is up-to-date. At least once every few months, take a look at your resume and add any new skills you’ve recently acquired or any projects or courses you may have completed. Knowing what you’ve recently accomplished can help you with salary negotiations at your current job and also help you find a new job.
- Know where you would want to work next if you were laid off tomorrow. Being let go is not a pleasant thought. But, it’s good to be ready if it ever happens. So, have a list of potential employers you would want to reach out to, if you needed to do so unexpectedly. This will help you avoid scrambling and added stress.
- Always be looking and always be networking. Join an industry association or attend events. You never know where your next job will come from, but the more people you know, the greater your chances of finding your next job.
- Build your skills. What extra skills could you acquire now that would be fun for you but also valuable to an employer? Make a list and start learning. The more marketable you are, the better.
Avoid Money Problems If You Lose Your Job
Losing your job can be disorienting and stressful. It’s important to set yourself up for success and avoid any unwanted debt.
This post shares five practical tips to keep in mind to keep your finances healthy while you look for a new role.
$50 Petro-Canada Gift Card Giveaway
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Enter soon. Giveaway ends July 27, 2023 at 11:59 p.m.
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