“Help! I lost my job!” is a common theme in 2022. This is a very difficult time for a lot of people after 2 years from the outbreak of COVID-19. The unemployment rates have skyrocketed in the United States and other places around the world. It doesn’t look like things are going to get better anytime soon. It seems like it’s probably a good time to come up with a Plan B.
It’s a terrifying thing to lose your job when you have bills to pay, existing debt comma, and a family to support. The problem is that in this situation, any one of us is vulnerable and prone to make bad decisions.
If you look online for more than a few minutes, you’ll find dozens of promises on how to get rich quickly and make a ton of money with basically no investment.
Obviously, when you’re under a lot of pressure to come up with money fast your reasoning goes out the window, and you are susceptible to giving in to these scams. This is nothing to be ashamed of – you’re just trying to find a way out of the sh**** situation that you’re in. So what do you do? Well, I can’t answer that for you but I can tell you what I’ve tried to do during this time and hope that maybe it will be helpful for you.
When I lost my job, I was 100s of Thousands of Dollars in Debt with No Way Out
Although 2020 is the beginning of a very hard time for a lot of people, I started my struggle long before this. Debt was basically my middle name and I still have some remaining debt to this day I was in so deep.
Five years ago, I decided that I needed to take my finances into my own hands. I was so sick of feeling like I was out of control And I didn’t like the constraints of income that my perspective jobs offered. By my calculations, to pay off my student loans and other debts I would be working for over a decade and living with an extremely tight budget.
So I did what most people do and I consulted my friend Google. Soon, I found a website online called I Will Teach You To Be Rich. The owner of this website was Ramit Sethi and like many other people online, he promised to help me get rich quickly. I subscribed to his email course and followed his instructions.
Fast forward a few months, I was down a few more $100s and getting desperate.
Of course, I did not think that there was anything wrong with Ramit Sethi or his website. In fact, I blamed myself. Clearly, there was something wrong with me that I could not make this work just like I couldn’t make it out of my crushing debt. Clearly, I was doing life the wrong way.
The Rabbit Hole that is Making Money Online
After that, I got more desperate as my debts increased. I got lost in a rabbit hole that is the Internet and spent an unspeakable amount of money that I will not say here because of how much it will embarrass me. Fast forward about a year and a half, and I “quit the Internet” for 2 whole years.
I decided that clearly I was not cut out for this kind of thing and resigned myself to having debt for a long time.
Surprisingly, this time actually helped me significantly in terms of my resolve. Taking a little distance from the Internet, allowed me to reflect on my experiences and made me realize that it was not me. In fact, it was the fault of the people online with their false promises and scammy courses. Sure, I should have been smarter but I was also in a terrible place and very vulnerable.
I decided that it was time that I stopped feeling sorry for myself and stopped blaming myself for everything.
It was also around this time about a year ago now, that I finally learned how to bring in an income reliably without involving the Internet at all.
And it’s actually thanks to my experience that I learned how to do this…
Cryptocurrency & The Stock Market
One of the many courses that I found when I was scouring the Internet was a course on cryptocurrency. Fortunately, I did make a little bit of money and I lost a little bit of money doing this. I think with more practice, and a lot of risk management it is definitely possible to make money online consistently trading cryptocurrency.
The problem is that this method was a little bit too risky for my nerves to handle especially considering everything that I had been through.
For this reason, I ended up moving all the money that I had made from cryptocurrency into the stock market. After about six months, I was able to develop a little bit of a strategy that helped me to earn about $5000+ a month. I’ve been doing this successfully for about a year now.
The problem is that trading in the stock market requires a lot of learning and at least $10,000 -that’s US dollars -as an initial investment. So it’s not really a good option if you’re in a tight situation with money. But it’s definitely something to consider, once you have a little bit of spare cash floating around.
Making your Own Legitimate Online Business – The Obvious “Secret” to Online Earnings
Once I started to make consistent money in the stock market, I was able to really look at everything that I had been through online with a fresh perspective.
So a little bit less than a year ago, I decided to return back to the one place that I found that stood out from all the rest because it was actually legitimate.
The problem was that at that time, I was so desperate and all over the place but I didn’t have the patience to stick with this legitimate program that actually required hard work and dedication.
As you might be feeling now, I really wanted something overnight and easy to do because I needed money now not in a few months. The problem with this philosophy is that it will get you into trouble because you’ll do things out of desperation.
Even though you feel like you need money now and not in a few months, you’ll still survive through the next few months and if you do things out of desperation you’ll find yourself with even less money than you had before.
In the meantime, you could always make some quick cash (not much, but maybe enough to keep yourself afloat) with Swagbucks.
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