How to prepare yourself in most difficult time : Job loss, Recession & Lock down

We are living in one of the most depressing time that we perhaps never seen. Corona virus which started from a small city called Wuhan in China is no more controllable till now. The virus has grip the world & and we are facing repercussions of it. Be it financially, mentally or healthy wise.

The world is headed toward global recession and economy has been punctured. The latest GDP result of G7 nation shown where we stand & there is no doubt that it will take years to revive the losses that occurred.

Each & evey life has impacted during ongoing fight against corona virus. And millions of job has been lost. And worst is not over yet.

People dependent on salary and middle class are suffering a lot. if we talk about in India, millions of people who have lost the job are facing troubulent time. Not only this but Depression is now become meaningful for those who's job are safe but geeting salary cut or lost their job are vulnerable one and can't find the space to settle down the responsibilities. The 5 months moratorium period is over that helped middle class to take some relief but this facility is also over now and whether the moratorium period should be extended or not, battle is going on in Supreme court.

But what we should do to live less stress free, be relevant, how to face it & make yourself more prepare for such challenges in future is key concern that we discuss here. As we know that most people are jobless or doing work from home (WFH) are not sure how long the battle is & where they stand when it ends. So here are some suggestions :

1. Learn new skills : yes, it's true. Just don't rely on what you have learned or on your expertise you master. If you want to be more skillful and more prepare to face the trouble in future then start with some short skill like, coding, content writing, six sigma training, MS excel expert, Data related certificate course etc. Even MLM (Multi level marketing) is becoming a good choice these days, the only thing you need to inspect on is before joining any MLM company you should be well research on it, find reviews, better analysis of the product & offerings, how long the business exist & how they are operating etc.

This will not just boost your career but also enhance your skill & confidence.

2. Part Time Job : if you are looking for extra income to support your finance and reason could be anything where you are facing pay cut, job loss etc. Doing Part time job open the source of income. Try to search where you fits in, for example if you can teach well you can be a part time teacher and earn well by only spending few hours in a month, now due to pandemic it's become an obvious choice for many and easy as well since parents are preferring online teaching. Not jus that but if someone is good in accounts they can get a part time job as accountant in any form. So just brush up your skill, find the opportunity & start.

3. Read book & Limit your social media attention : There is no medicine like taking your eyes off the screen and engaging in an activity sans blue light. Try taking a break from the news and resist the urge to constantly check your notifications. Log out of social media.literally. read a book, make a collage, paint your own coffee mug, stretch, meditate, dance, cooking, and spend time with a pet or loved one.

4. Try to connect : here we are discussing about how to find the best available opportunity. We are well aware that due to economic recession jobs are less and companies doesn't pay hefty amount to find the suitable candidate through consultant. So what you should do try to communicate your ex colleagues and find the opportunity. You can also find reference on LinkedIn, let your connection know about your the profile and jobs you are looking for and LinkedIn is medium that allows people to get best opportunity through connections.

5. Keep a List : Whenever a worry or fear begins to dominate your thoughts, write it down in as much detail as you can. Many people find that just articulating their cares provides some relief.

6. Cut your Expenses : it's very important to save as much as you can or if you have savings then use it carefully. Don't put your hard earned money on buying any unnecessary times which doesn't increase the value in future, in other terms don't buy Liabilities. 

So above are some steps that helps to be more prepare and watchful in today's time.

Still if you need to suggest anything or want me to add anything then feel free to comment.

Pic courtesy : Google