We’ve all heard a tale or two about someone that lost their job and then turned things around to become completely successful at something else. The classic rags to riches story. Life hands you a lemon and you make lemonade. You get fired from one job and then end up starting a multi-million dollar company. You know the deal.
I’ve actually seen two sides to losing a job. I’ve seen friends bounce back stronger than ever by finding better work that paid more. Getting fired can be like getting out of a toxic relationship. You’re finally released from prison and now able to do anything that you want with your time. I’ve met at least 5 personal finance bloggers that lost their jobs and then went full-time blogging after. Pat Flynn of Smart Passive Income and Bob of Christian PF are two that come to mind.
I’ve also seen the flip side, the negative reaction to getting fired. This is a complete depression from losing a job. This is the feeling that you’re useless and not good enough to work. I saw a friend go through this in 2009 when he got fired from a job, not because of the economy, but because of his own foolishness. This person in question had been warned and progressively disciplined. He felt that he was untouchable because he had some friends in the company. He screwed up one time too many and ended up getting fired permanently. I saw him spiral into a year long period of depression after this. He lost his girlfriend and became unbearable to most of his old friends. He had no motivation to do anything. He slept on his brother’s couch and felt sorry for himself.
The point here is that losing a job can be inspirational for some and total doom for others. You can bounce back higher. You can also become very depressed for a long time.
How can losing your job be the best thing for you? Allow me to explain the positives of losing a job for those of you that are completely worried about getting fired tomorrow morning:
Getting fired isn’t that bad, right? All I’m suggesting is that losing one job isn’t the end of the world. This is also why I often promote the idea of making money on your own.
What would you do if you got fired tomorrow? Would this be the best thing for you?
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