Good morning! I hope your day is starting off well.
If you’re among the majority of the nation, your day didn’t start out like last Tuesday. Kids are home from school, parents are working from home (if they’re able to work at all), and all around us the world is slowly grinding to a halt. Hopefully you’ve got enough of the essentials to carry you through for a few days, because your neighbors cleaned the shelves at the store.
There was a story in the news about a guy in Tennessee who rented a truck and bought up every bottle of hand sanitizer he could find. Once the stores were empty, he put the items on Amazon and eBay for as much as 80 times what he paid for them. Both outlets shut him down, and he’s stuck with 17,700 bottles he can’t sell. Now he can’t afford toilet paper. Instant karma.
I normally try to mix in a little humor in my posts, but there’s not a lot to laugh about in this crisis. I read yesterday that up to 80 million jobs will be impacted, and in the coming week as many as 10 million people could be out of work. Never mind the kids whose school year was interrupted, or the high school seniors who may be denied the spectacle of public graduation.
Life, as we know it, has changed. And while we will eventually weather the storm and come out safe on the other end, things we’ve taken for granted have changed forever. At the top of that list is our feeling of security. It’s a reminder that life can come along when we least expect it and change everything in a moment.
The last recession is still a vivid memory. Most of us were impacted by it, and it’s taken the better part of 12 years to recover. Yet, in a matter of days, most of those gains have been wiped out. Hopefully this crisis won’t last so long, but recovery will take time and the landscape will look very different when it’s all over. Where we fit in that landscape may yet be unknown.
When you rely completely on one source of income, your exposure to risk increases exponentially. That’s why I’ve always tried to have a few things I could fall back on. A little here and a little there adds up. When you’re working, it’s extra income. It’s a chance to enjoy some of life’s finer experiences. And if the job ends, it becomes your immediate means of survival.
You never know what may happen to change your situation. Two years ago, I had brain surgery. That could have put me out of commission for good. You could be on your way to work tomorrow and somebody decides to take your lane. It happened to my wife. All manner of things can happen to change life as you know it. The question is, what will you do then?
To the extent that you can rely on yourself for income, and not somebody else, you have a better chance of controlling the outcome of things over which you have little control. I’ve never once fired myself from a job. Have you? If your company closed its doors tomorrow, could you continue making an income on your own? Every little bit helps.
Dig the well before you get thirsty. You’ve read those words before. There are things we can all be doing now that may not make a major difference in the next week or so, and maybe not even for a few months. But they could make all the difference in the world as we move forward and find our new place in life. If you’re out of work already, why not put that time to use?
It’s funny how we scramble to find a quick solution when we need money, yet we’re quick to scoff at anything outside of the traditional 8-5 job. But at a time when so many companies are sending people home, doesn’t a business of your own make that much more sense? The problem isn’t a lack of opportunities. It’s an overabundance of misplaced pride.
If you’re over the age of 30, odds are somebody at some time has offered you the chance to build a home-based business. And, if you’re among more than 99% of the adult population, you turned it down. Granted, owning a business is no guarantee of success. You have to work at it, and you may still struggle. But right now, wouldn’t it be nice to have something to work at?
This crisis will end. And then something else will happen. That’s the reality of life. Handling those ups and downs will depend heavily on the choices you make now – before the need arises. To the extent that you control the variables, you control the results. Put yourself in the driver’s seat and you’ll never have to wonder where you’re headed.
That’s all for now. Have an awesome day!
© 2020 Dave Glardon – All rights reservedFollow @dglardon