Prepping For Unemployment (Transcript)

(Full Show Audio)

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Alright folks, you have hit the download button on the Survivalist Podcast.

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And this is our third episode.

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And as always, you could check out all of our old episodes on

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And as well as folks, we also too, we have a little bit of news today as far as housekeeping goes.

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As we kind of get the podcast kind of revving up here on a weekly basis.

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So far we’ve posted a couple shows actually over the last couple days.

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A couple things we have going on as far as housekeeping is we officially got our iTunes link.

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So all that is all set up on Twitter, survivalistpod and

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So today folks we’re going to talk about something here.

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We talked about go bags the other day, or sorry EDC bags, I’m sorry I’m thinking about go bags.

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I’ve been getting the show together for the go bag.

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Eventually we’re going to do it but not just yet.

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But I want to talk about something folks.

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Today the show is about again helping everybody live a better life through being prepared.

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And one of the things I do want to talk about that’s a very very real possibility folks.

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Is the possibility of surviving a disaster.

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But this disaster is a little different. This is surviving the disaster of losing your job.

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Now I know you guys are saying, well what does that have to do with being survivalist?

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Well with survivalist we’re preparing for everything.

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And this is one of the things you have to be prepared for.

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It’s a very real possibility. You could at some point lose your job.

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And when you lose your job, a lot of people I know a lot of you are saying, well I’m prepared. I’ll get unemployment.

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You’re not always going to get unemployment if you lose your job.

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I don’t know if you folks know this or not. I want to say this to you.

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You’re not always guaranteed unemployment. Just so you know that.

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It’s a real possibility. You may not get it.

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And if you do get unemployment you don’t get 100% of your salary.

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So if you’re used to getting $1000 a week you may only be getting $800 a week.

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You may be getting actually less than that even.

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It all depends on the system and how it’s set up and what your employer is paying and all that.

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There’s a whole thing behind that.

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So folks you may not get it.

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A lot of times I think if I was to collect, it’s not always that simple.

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So I do want to let you guys know that.

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Just saying, well I’m going to get unemployment.

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You’re not always guaranteed to get unemployment.

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So make sure you know that.

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You’re not always guaranteed that.

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So we’re going to go over a couple things today that can help you prepare for being unemployed.

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For not having a job.

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A couple things we’ll talk about.

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The first thing I want to talk about though as far as being prepared for losing your job.

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Is the first thing you should definitely, definitely, definitely be prepared for.

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As far as unemployment.

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Okay? You should have some money set aside in a savings.

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Now I know every financial advisor out there will tell you, well you should have six months of bills in a savings account.

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And I agree with them but I know that’s hard to do.

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It’s hard to do. It’s hard to have all that money sitting in a savings account somewhere.

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I’m not saying you shouldn’t have it. I’m just saying it’s going to be hard to do.

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Especially you know, with, I mean it’s just a tough thing to do.

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You know, to keep all that money safe somewhere.

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Especially if you have emergencies, you have disasters and all that kind of stuff.

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You know, a water tank goes in the house, the roof needs to be replaced. Something like that.

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It’s a very difficult thing to do to keep that much money there.

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I know you can say well I can use it, replenish it.

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You know, and I’m not going to let my wife and I, we have some money put aside for emergencies.

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But it’s hard. Sometimes you just, you got to use it.

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Or use the credit card which is just as worse.

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So, I know it’s tough, but definitely folks have that emergency fund out there.

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You know, definitely be prepared that you’re going, you know if you lose your job,

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you’re going to have to tap that money.

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And know that too, okay? Very, very, very important.

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And you might want to say, if you know, and now if you know you’re going to lose your job,

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you may want to start building that fund up, okay?

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So don’t just say hey, you know, when I lose my job I’ll start putting that money away.

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You know, you got to be prepared. Or if I hear I’m going to lose my job,

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I’ll just start putting that money away. It doesn’t work that way folks.

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Normally you don’t know you’re going to lose. Now some companies you do.

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Okay, especially like a lot of these companies that do layoffs and that,

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they normally will give you some advance notice, maybe a month or so.

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Some companies that you know are shutting down and moving overseas,

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you know you may know about that, you know six months advance or so.

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But most of us are not going to know that we’re going to lose our job, you know,

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with six months notice to start stocking money away. It just doesn’t happen folks.

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That’s just not the, that’s unfortunately just not the way it is.

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A lot of times you may walk in on a Friday and they may say hey, you’re done.

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That’s a real possibility as well.

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So you’re going to have to try to think and be prepared for that to actually go ahead and happen.

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So start building up your emergency fund now and you know, hey, if you ever need it,

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good for you. If you have kids, you have a lot in there.

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You still have it towards the college, later on in life, stuff like that.

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But you should have that emergency fund prepared.

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One of the things you should do folks, and I’m telling you this now from experience,

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and this is just me, you don’t have to.

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I’m self-employed so it’s a little bit different.

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But when I was working for somebody in my early 20s, I always had a side business on the side.

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I always had little ads running in classifieds.

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I was just advertising on the internet and stuff like that because you know,

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you just never knew when you were going to, you know, when you were going to need extra money

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or when it’s a possibility of losing your job or anything like that.

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So I always kept a side gig to always keep a little extra money coming into the house

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in case for some reason I did lose my job.

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I would have at least a side gig bringing in extra money along with any unemployment or compensation I may have.

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So that was something I always did.

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You may want to do that as well.

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And it doesn’t have to be necessarily on hours.

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You can do it after work or on the weekends, some of that.

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But it’s a good way of making, you know, if you work for a contracting company,

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a lot of you guys do side jobs and stuff like that.

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But if you’re a computer person, you know, advertise computer repair,

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you know, a plumber, you can do work on the side, all that stuff.

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So there’s always stuff you can do on the side.

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There’s always work from home businesses as well you can do.

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There’s all that kind of stuff.

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So that’s an option.

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So look for some other avenue of revenue besides just, you know, just your job.

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Look for something else as far as, you know, revenue goes, okay?

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Very, very, very important.

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Some other things that you could do to be prepared always,

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if you know you are going to lose your job,

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one of the things I would strongly recommend is looking at how much

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unemployment you’re going to get ahead of time.

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So know to yourself, okay, I know I’m going to be losing my job.

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Maybe I should call, you know, Social Security, yeah, Social Security,

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the unemployment office and say, hey, how much am I going to get every week?

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Because it may be less than you — it’s only nice to be more,

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but the other chance is probably going to be less than what you’re thinking.

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So make sure that you go ahead and, you know, know how much you’re going to get.

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And, you know, make sure, you know, that you know —

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when you know what you’re going to get,

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the next step in that process is going to be getting a budget together.

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Now, if you know you’re only going to be getting this much,

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you may have to try to cut your budget down a little bit.

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Try to cut down things that you can’t, you know —

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it’s going to be hard to cut certain things out.

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You can’t cut the electric bill, you can’t cut the phone bill,

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you can’t cut the — you know, you can’t cut the phone bill down.

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You can get, you know, a phone that’s not a smartphone.

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Boy, I suppose I love being said that the whole time,

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boy, I can’t cut my phone bill down.

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If you have to, you don’t need — I mean, you don’t need your smartphone.

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You can always cut down to a flip phone for a little while.

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Most of the times they’ll give them to you.

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Or you can go to the prepaid and transfer your number if you really had to.

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You can get your cell phone bill down, just so you know that, okay?

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You’re unemployed, you’re tightening your budget.

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That’s something you can do, by the way, just a little cost everything.

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You know, go to flip phone, go to the prepaid phone.

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You know, you don’t necessarily need your iPhone when you’re not working, okay?

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I know it’s a luxury, we all like it, but it really comes out of it, it’s a luxury.

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If you really need something — if somebody really needs to go do that badge,

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you can text and you can call with a prepaid phone.

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So that’s something you can do.

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I know people talk about that, but you can’t cut down your cell phone bill.

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You can’t.

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It just depends on what you want to live without.

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Okay, some other things, folks, as well.

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Like I said, cut back.

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I mean, it’s going to be hard — your electric is tough to cut back on because, you know, it’s —

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that’s a tough thing to cut back on because as much as you can try, you need the electric.

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I mean, you can turn off lights and all that, but you’re not going to get your electric without hundreds of dollars.

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This is not going to happen.

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Your water bill is the same way.

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I mean, you can cut back — it’s hard to cut back on using water.

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I mean, you can’t cut back on washing, you can’t cut back on that kind of stuff,

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you can cut back on — I mean, that’s just a tough thing to cut back on, too.

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It’s even with the heat.

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I mean, you can keep the heat lower, but you’re not going to cut it by a ton of money.

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So, I mean, that’s — you know, those are tough things to try to cut back on.

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It really is.

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But the things you can cut back on, like I said, your cell phone bill, you can cut back on that.

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You can actually call and call your — call around for insurance rates for cars

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and see if you can get a cheaper car insurance rate.

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Obviously, you paid for it for the year.

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Obviously, if you pay all at once, some people do.

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Obviously, you wouldn’t want to do that thing because it’s paid for for a year.

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It’s something you really don’t have to worry about.

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But if you pay monthly or even quarterly, you may want to say to yourself,

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“Hey, let me shop around for cheaper car insurance rates.”

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And don’t tell them you’re unemployed because then they’ll — you know,

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you’re going to be unemployed because the rates will go up.

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But that’s something you can do.

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Like I said, shop around for — and you can do it with your homeowners, too.

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What you shouldn’t do is definitely don’t lower the value in your home, obviously,

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but just shop around for different — you know, different things.

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Now, the other thing, too, I always say to people, you can cut back insurance by upping your deductible.

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I don’t really recommend that if you’re unemployed because obviously you’re not going to have the extra money.

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That’s why you’re doing that.

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But that’s an option, too. I hate to say that.

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But if you’re really going to buy it, you could always up the premiums on your insurance

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to kind of keep — get the comos insurance that low.

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I don’t recommend that, but that is an option.

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But hey, you know, if you go up to, like, say, you know, $1,000 deductible,

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if you have $1,000 in your savings account, you know, if you go $1,000,

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you can save yourself money every single month.

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So, I mean, those are options as well as far as dropping your — you know, dropping your cost of living.

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I mean, there’s a couple of things you could do as well.

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Like I said, home bills.

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I mean, things like your cell phone, your insurance, those things you can drop quite a bit.

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You know, as far as your day-to-year household bills, you know, there’s a lot of things you can do.

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Obviously, if you have a gun, obviously, if somebody comes in, like, a landscaper,

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you can obviously cut the lawn yourself.

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You can get a used lawn mower off Craigslist and start doing, you know, your own lawn.

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I mean, that’s a way of saving money.

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I mean, there are things you could do, but, I mean, when it really comes down to it ultimately in the end,

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those are bills that are very, very hard to cut out.

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The landscaper, you can cut out going out to eat.

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You know, you can eat home.

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You can maybe not get — you know, maybe not eat prime rib every night, but you can cut back and get, you know,

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cheaper things to eat, stuff like that.

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So there are things you can do to help cut certain bills, but your basic household bills,

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your mortgage is not going to change, your car payment isn’t going to change, stuff like that.

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Now, I know some people have said to you, “Well, you could refinance your home and source the payments out longer.”

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Yeah, but there’s a problem.

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There’s issues with that.

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One, now you’re going deeper into debt, actually, even though, yes, your payments are going to be cheaper every month.

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They’re going deeper into debt.

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But if you lost your job, you’re not going to get a mortgage.

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You’re not going to have to refinance, unemployment or not.

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They’re not going to let you.

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The bank would never do that.

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So you have that to contend with as well.

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So there’s options there.

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But like I said, there are things you can do to cut back.

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So one of the things you’re going to need to think about, though, folks, if you are going to be losing your job is,

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and if you lost your job, you know, you’re going to have to look into it.

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But if you’re still working, you’re going to want to look at your health insurance,

00:13:36.000 –> 00:13:39.000
because that’s going to be something that may be an expense to you.

00:13:39.000 –> 00:13:43.000
You may have medical needs, and you may need health insurance.

00:13:43.000 –> 00:13:49.000
You know, God forbid you’re a cancer patient and you have to get cancer treatments every single month and stuff like that.

00:13:49.000 –> 00:13:53.000
You may want to look at how are you going to afford that.

00:13:53.000 –> 00:13:56.000
I know it’s a scary possibility, but it’s a real thing you’re going to have to think about.

00:13:56.000 –> 00:13:59.000
You may just say, well, I’ll just drop my insurance and deal with the bills as they come.

00:13:59.000 –> 00:14:05.000
Well, that’s all well and good, but you’re going to be creating a lot of medical bills very, very quickly.

00:14:05.000 –> 00:14:07.000
Could you stretch them out?

00:14:07.000 –> 00:14:09.000
Yeah, but that’s going to be — you’re going to rack up some bills really quick.

00:14:09.000 –> 00:14:13.000
So you may want to look at what you’re going to do with health care-wise.

00:14:13.000 –> 00:14:15.000
You may want to look at maybe change to Obamacare.

00:14:15.000 –> 00:14:21.000
You may want to look at COBRA, which is when you carry your insurance from your current employer and pay the difference that they’re not paying.

00:14:21.000 –> 00:14:25.000
There’s going to be some decision you’re going to have to make with that, but that is a very real possibility.

00:14:25.000 –> 00:14:27.000
That really right there is one of the things that really kills people.

00:14:27.000 –> 00:14:32.000
I hate to say this, but even with this Affordable Care Act, that’s one of the things that really kills people,

00:14:32.000 –> 00:14:35.000
is they lost their job and now they’ve got to deal with the insurance issues.

00:14:35.000 –> 00:14:41.000
So that’s something that you’re going to have to contend with, and it’s going to be something that’s going to be a real thing.

00:14:41.000 –> 00:14:44.000
You’re going to have to look at your finances and go, “What am I going to do here?”

00:14:44.000 –> 00:14:49.000
So some other things you can look at now — and by the way, folks, too, just so you know,

00:14:49.000 –> 00:14:53.000
one of the things that you can do if you’re single, there’s not really much you’re going to be able to do with health insurance.

00:14:53.000 –> 00:14:56.000
You’re on your own, but you’ve got to pay COBRA or something like that.

00:14:56.000 –> 00:15:01.000
But if you’re married, you may want to look into going on your spouse insurance.

00:15:01.000 –> 00:15:04.000
People say, “Well, the spouse insurance is more expensive than mine is.”

00:15:04.000 –> 00:15:08.000
Right, but it’s still going to be cheaper than anything you can get on your own.

00:15:08.000 –> 00:15:12.000
So that’s something you may want to think about there as well.

00:15:12.000 –> 00:15:16.000
You’re going to have to probably — one of the things, folks, that you can do, by the way, folks,

00:15:16.000 –> 00:15:20.000
that I do want to point out is one of the things you can do as far as cost savings.

00:15:20.000 –> 00:15:24.000
If you’re not working and you have student loans, you may be able to defer those.

00:15:24.000 –> 00:15:27.000
I’m not saying you definitely can, but that’s something you may want to think about as well.

00:15:27.000 –> 00:15:29.000
I just wanted to bring that up.

00:15:29.000 –> 00:15:33.000
Most of the times you can’t, but there is a possibility for some of them you will be able to.

00:15:33.000 –> 00:15:37.000
Also, too, folks, as far as lowering your household bills, I do want to bring up.

00:15:37.000 –> 00:15:41.000
I don’t recommend this because I hate to see anybody hurt their credit,

00:15:41.000 –> 00:15:44.000
but if you know that you’re going to be losing your job,

00:15:44.000 –> 00:15:47.000
if you call your credit card companies and tell them you’re going to be losing your job,

00:15:47.000 –> 00:15:49.000
you’re not going to be able to afford the payments,

00:15:49.000 –> 00:15:55.000
a lot of times they will work with you to bring your payment down as you can afford it.

00:15:55.000 –> 00:15:57.000
They’d rather you pay something than not pay at all.

00:15:57.000 –> 00:16:00.000
So that’s another option as well, folks, for those of you that are going to be —

00:16:00.000 –> 00:16:04.000
if you’re going to be losing your job, that is a real possibility that you could actually do

00:16:04.000 –> 00:16:08.000
to bring down your payments.

00:16:08.000 –> 00:16:13.000
Just call your credit card company and tell them, “Hey, I’m losing my job. I don’t want to not pay.

00:16:13.000 –> 00:16:16.000
What can I pay?” They’ll work with you.

00:16:16.000 –> 00:16:19.000
They don’t want you not to pay. They’d rather you pay something than nothing.

00:16:19.000 –> 00:16:22.000
So that’s something you never look at.

00:16:22.000 –> 00:16:25.000
And like I said, folks, when I talk about revising the budget,

00:16:25.000 –> 00:16:29.000
there are things that I do want you to think about, and I’m serious.

00:16:29.000 –> 00:16:33.000
There are things that are going to be hard to do.

00:16:33.000 –> 00:16:35.000
There’s going to be things you’re going to have to look at.

00:16:35.000 –> 00:16:39.000
What luxury items can we live without?

00:16:39.000 –> 00:16:46.000
You may have to say to yourself, “Hey, we’re not going to be afforded to go away this year.

00:16:46.000 –> 00:16:50.000
We really should save the money.”

00:16:50.000 –> 00:16:55.000
You may have to say to yourself, “Hey, I’m not going to be able to afford this gym represent.

00:16:55.000 –> 00:17:01.000
Maybe I’ll just jog at home or do some calisthenics or something like that.”

00:17:01.000 –> 00:17:04.000
They’re going to be hard decisions.

00:17:04.000 –> 00:17:10.000
Those rims I’ve been looking at for my car or my truck, I’m going to have to push that stuff off.

00:17:10.000 –> 00:17:13.000
They’re going to be tough decisions, folks.

00:17:13.000 –> 00:17:17.000
Nothing’s easy about not having enough money coming in.

00:17:17.000 –> 00:17:22.000
Some of the things, folks, you’re going to want to do as well, like I said, put off any big purchases.

00:17:22.000 –> 00:17:29.000
But if you know you’re going to be losing your job or if you have lost your job, obviously get your resume together.

00:17:29.000 –> 00:17:36.000
There are some great books, by the way, on Amazon and Barnes and Nobles, stuff like that where you can go.

00:17:36.000 –> 00:17:41.000
And some really great books on how to put together a great resume and a great cover letter.

00:17:41.000 –> 00:17:45.000
You may want to get one of those books. I’m telling you not to buy things that you don’t need.

00:17:45.000 –> 00:17:53.000
But in this case, that may be a $9.99 purchase that might be really worth your time.

00:17:53.000 –> 00:17:55.000
You’re going to make yourself, depending on the position you look at…

00:17:55.000 –> 00:18:05.000
One of the things about resumes is you’re going to want to take the time to look at it and say, “Okay, this job I’m applying for, I’m a little overqualified for it, but I really could really use this job.

00:18:05.000 –> 00:18:11.000
Okay, let me revive my resume and make me look not as qualified.”

00:18:11.000 –> 00:18:13.000
I know it’s not so, folks, but that’s really the truth.

00:18:13.000 –> 00:18:15.000
If you need a job, you’ve got to make yourself look stupider.

00:18:15.000 –> 00:18:18.000
You’ve got to make yourself look not as qualified.

00:18:18.000 –> 00:18:21.000
The same thing goes with anything you’re trying to do.

00:18:21.000 –> 00:18:26.000
If you want to make yourself look better, you’ve got to make the resume look a little better if you want that more paying job.

00:18:26.000 –> 00:18:28.000
So you’re going to have to look at your resume.

00:18:28.000 –> 00:18:30.000
You may have a couple copies of your resume laying there.

00:18:30.000 –> 00:18:40.000
You might have to make a decision, “Okay, this is my this job. I’m applying for this job. Here’s my simpler resume. Here’s the job, the management job. Let me apply for my more extensive resume.”

00:18:40.000 –> 00:18:47.000
So I’m not saying you have to lie in your resume, but you may have to dumb it down a little bit for those less paying jobs if you really need that job.

00:18:47.000 –> 00:18:56.000
And again, folks, if you get a job, it’s not your dream job, it may just be a fellow job until you get a job that’s like the one you just lost.

00:18:56.000 –> 00:19:00.000
Okay? Or you may have to stay there for a little bit to work your way up the ladder.

00:19:00.000 –> 00:19:01.000
Okay, there’s a couple things you can do.

00:19:01.000 –> 00:19:07.000
Just because you’re getting another job does not mean it’s going to be your dream job, and it doesn’t mean that it’s going to be a job you’re going to want forever.

00:19:07.000 –> 00:19:13.000
It may just be a fellow job just to start bringing money into the house and get yourself some healthcare until something better comes around.

00:19:13.000 –> 00:19:18.000
So do realize that. Just because you got a job does not mean it’s going to be the same job forever.

00:19:18.000 –> 00:19:20.000
So just remember that.

00:19:20.000 –> 00:19:22.000
I’ll definitely start looking right away, folks.

00:19:22.000 –> 00:19:25.000
If you do, if you are going to, by the way, folks, I want to point this out.

00:19:25.000 –> 00:19:34.000
If you are going, and I hate when people do this, if you know you’re going to be losing a job in three, four months from now, start looking now.

00:19:34.000 –> 00:19:36.000
Don’t wait.

00:19:36.000 –> 00:19:40.000
Okay, that drives me nuts. Like my one friend, he said, “Well, I didn’t start looking. I didn’t lose my job yet.”

00:19:40.000 –> 00:19:42.000
It doesn’t matter. Start looking now.

00:19:42.000 –> 00:19:48.000
You know you’re going to be losing your job. If you’re going to take some time off from the job you’re at now, you know, they’re going to be okay with it because they know they’re going to be laying you off.

00:19:48.000 –> 00:19:50.000
So they know you’re going to be looking for another job.

00:19:50.000 –> 00:19:57.000
So take your time, and don’t be afraid to go out there and, you know, start looking.

00:19:57.000 –> 00:20:02.000
You may have to start looking now before you lose your job. Okay?

00:20:02.000 –> 00:20:07.000
So if you know you’re going to lose your job in six months, start getting your resume together today. You know what I mean?

00:20:07.000 –> 00:20:12.000
Like, I mean, that’s just, okay, start looking now. People say, “Well, I don’t want to take a job that’s going to make it less.”

00:20:12.000 –> 00:20:16.000
Well, guess what? You may have to because you’re going to be losing your job anyway.

00:20:16.000 –> 00:20:22.000
Okay? Or you can tell the company, “Hey, you know, I’m losing my job in three months. When did you start?”

00:20:22.000 –> 00:20:25.000
“Well, I really am supposed to wait until I get laid off in three months.”

00:20:25.000 –> 00:20:30.000
If they say, “No, that’s not good for us,” then say, “Well, you know, then you may have to say, ‘Well, you know, I’ll start now.'”

00:20:30.000 –> 00:20:34.000
You may have to take less money earlier. Less money is better than no money.

00:20:34.000 –> 00:20:38.000
People say, “Well, I can make more on unemployment.” Unemployment’s not forever, though.

00:20:38.000 –> 00:20:45.000
And, you know, unemployment, you know, you can stretch it out for a year or something to file an extension, but eventually it will run out.

00:20:45.000 –> 00:20:50.000
So start thinking about those things, you know?

00:20:50.000 –> 00:20:55.000
Like I said, you definitely want to distribute it, too. Make sure you get it out there.

00:20:55.000 –> 00:21:04.000
Put it out on Monster. You know, put it out on CareerLink. Put it out on Dice. Put it out on LinkedIn. Put it out. Put it everywhere.

00:21:04.000 –> 00:21:08.000
You know, don’t put your job, you know, your resume out just on one site.

00:21:08.000 –> 00:21:14.000
Another thing, too, folks, don’t put your resume out there and wait for people to call you.

00:21:14.000 –> 00:21:20.000
Be actively looking. Okay? You may not, you know, don’t just throw your resume out and say, “Oh, I’ll wait for somebody to find me.”

00:21:20.000 –> 00:21:28.000
No. No. You go find them. Okay? That’s the best way, okay, to get a job is to be looking for them, not them looking for you.

00:21:28.000 –> 00:21:32.000
That’s how you find good jobs. You look for them. Don’t let them look for you.

00:21:32.000 –> 00:21:37.000
Because if companies are looking for you, that means that every way that’s come to them hasn’t been worth it.

00:21:37.000 –> 00:21:43.000
So you really need to go ahead and start, you know, pounding the pavement looking for a job.

00:21:43.000 –> 00:21:51.000
Whether it’s a job resume, whether it’s a job looking for a hotel, fast food, whatever it is, you know, get out there and start looking.

00:21:51.000 –> 00:21:58.000
Okay? Again, like I said, always know what your options are. Okay?

00:21:58.000 –> 00:22:10.000
And you want to make sure, too, folks, and I’m not trying to put more of this on your, you know, not trying to put more of this on your spouse.

00:22:10.000 –> 00:22:19.000
But if you know, you know, or your girlfriend or whoever she is, if you know you’re going to be losing your job,

00:22:19.000 –> 00:22:27.000
and you know you’re having a hard time finding one, and you know it’s coming up to a close point where, “Hey, I’m going to be without money for a while here,”

00:22:27.000 –> 00:22:34.000
don’t be afraid, okay, to ask your girlfriend or your spouse if they can work overtime at their job.

00:22:34.000 –> 00:22:42.000
And you can say, “Well, I’m afraid to ask that.” And it goes for anybody, husbands, wives, okay, because the truth is, you know,

00:22:42.000 –> 00:22:48.000
that person’s going to have to, you know, help out, you know, down to one income.

00:22:48.000 –> 00:22:54.000
So if you’re married or something like that, you may have to say, “Hey, you’re going to have to work a little overtime.”

00:22:54.000 –> 00:23:01.000
It’s not an easy thing to say. But in their defense, too, and I always say this because I’m a guy talking to, looking from a guy’s perspective,

00:23:01.000 –> 00:23:07.000
but women, you know, understand what guys got to do, too. You know, if your wife is saying, you know, “Hey, you know,”

00:23:07.000 –> 00:23:12.000
you may say, “Honey, you know, you’re going to have to work some overtime to compensate for us not getting as much money,”

00:23:12.000 –> 00:23:17.000
you may have to actually say, “Hey, you know, I’ll take care of the kids. I’ll take care of getting dinner together.

00:23:17.000 –> 00:23:21.000
I’ll take care of clearing the house. You know, hey, you’re not working, so you’ve got time.”

00:23:21.000 –> 00:23:30.000
So don’t be afraid to do that. I mean, hey, you know, you’re a team when you, you know, you’re together and living together, or married, whatever it is.

00:23:30.000 –> 00:23:35.000
Okay? But don’t forget, you’ve got to, you know, just because you’re not working doesn’t mean you can’t contribute.

00:23:35.000 –> 00:23:42.000
If he or she is working all the overtime to keep, you know, a roof over your head, keep the bills paid and up to date,

00:23:42.000 –> 00:23:49.000
you may have to say, “Hey, I’ve got to do, you know, some things around here.” So there’s nothing wrong with that.

00:23:49.000 –> 00:23:54.000
Also, too, folks, like I said, putting off any large purchases, I do want to say one thing, folks.

00:23:54.000 –> 00:24:00.000
I know, and I hate to say this, but, you know, I’ve just told you to do stuff if you’re home.

00:24:00.000 –> 00:24:07.000
But the only thing you don’t want to do, folks, is if you are home all day, don’t start doing a big construction project because, you know,

00:24:07.000 –> 00:24:10.000
the problem with that is you’re going to start spending a lot of money, too.

00:24:10.000 –> 00:24:12.000
I’ve been saying, “Well, I’m home. I’ve got to make myself useful.”

00:24:12.000 –> 00:24:17.000
Yeah, but you don’t want to start, you know, tearing down walls and buying insulation, wood,

00:24:17.000 –> 00:24:22.000
because then you’re going to start getting hundreds and hundreds of dollars of extra money that you really don’t have to put out right now.

00:24:22.000 –> 00:24:28.000
And they say the golden rule, if you know you’re going to be losing your job, you should have dropped your expenses and what you’re spending by 10%.

00:24:28.000 –> 00:24:34.000
I don’t even know if it’s 10%. 10% doesn’t sound like much, but trust me, 10% is a lot.

00:24:34.000 –> 00:24:38.000
You know, you may have to cut out. You may have to cut, you know, I’m telling you this right now.

00:24:38.000 –> 00:24:43.000
I mean, I remember when my dad lost his job when I was a kid, you know, we cut cable.

00:24:43.000 –> 00:24:46.000
We didn’t have cable for a couple months. So my dad got another job.

00:24:46.000 –> 00:24:54.000
So, you know, you just end up reading books and going play outside, which I don’t mind that. I’m a big outdoorsman, obviously.

00:24:54.000 –> 00:25:02.000
But, you know, that’s a very real possibility. You may have to say to your kids, “Hey, we’re cutting cable. No cable, sorry.”

00:25:02.000 –> 00:25:08.000
You know? You may have to say, “Hey, you know, we’re cutting back, you know, whatever’s on Netflix is what we’re watching.”

00:25:08.000 –> 00:25:16.000
That’s it. No Hulu, no HBO, no TV, you know, whatever’s on Netflix is what you guys are watching today. That’s it.

00:25:16.000 –> 00:25:26.000
I know those are tough decisions to make, but, you know, cutting your direct TV or cutting your cable could be, you know, $50, $60, $70 a month, which doesn’t sound much, but it adds up.

00:25:26.000 –> 00:25:29.000
That’s another way, again, to cut your household expenses.

00:25:29.000 –> 00:25:42.000
Another way to cut your household expenses, folks, is definitely what I would recommend to cut your household expenses is look at what car you’re driving every day.

00:25:42.000 –> 00:25:49.000
I know this is kind of crazy, but, you know, folks, if you’re — if it’s paid for, it’s one thing.

00:25:49.000 –> 00:26:04.000
But, you know, if you have a vehicle that’s, you know, a big pickup truck that’s, you know, $600 a month payment, you may want to look at trading that in to get something maybe a little more efficient, a little cheaper payment.

00:26:04.000 –> 00:26:12.000
I know that’s, again, that’s a tough decision to make, but, yeah, I know these are tough decisions, but, you know, and I believe that’s it.

00:26:12.000 –> 00:26:16.000
I’ve been there, by the way. I’m speaking from experience. These are things that I’ve actually gone through.

00:26:16.000 –> 00:26:22.000
So, you know, I’m speaking from — somewhat from experience. I cut some household bills.

00:26:22.000 –> 00:26:29.000
You know, I was in a position where money was tight, especially when I first started my business, where there were some tough decisions that had to be made, and they’re not easy.

00:26:29.000 –> 00:26:38.000
I’ll look at it if I wasn’t married at the time, but, you know, these are tough decisions you sometimes get to make, especially when you’re starting — we’re going to get into starting a business.

00:26:38.000 –> 00:26:42.000
That’s another show we’re probably going to do, but — we’re definitely going to do it.

00:26:42.000 –> 00:26:51.000
These are tough decisions to make, so that’s one thing you can do to cut back, you know, or you may have to save yourself.

00:26:51.000 –> 00:26:54.000
You know, money’s really tight right now. I’m not getting as much of those unemployment.

00:26:54.000 –> 00:27:02.000
You know, let me sell my truck. Let me sell my car. And, you know, you may have to do that and be down to one vehicle.

00:27:02.000 –> 00:27:08.000
I know it sounds difficult, but sometimes you got to take the bus. You know what I’m trying to say?

00:27:08.000 –> 00:27:12.000
They’re not easy decisions to make, but that is one thing you may have to do.

00:27:12.000 –> 00:27:21.000
Your toys, if people say, “Well, they’re paid for.” They are, but even though something’s paid for, it’s still costing you insurance.

00:27:21.000 –> 00:27:33.000
You know, you may be in a situation where you got to get rid of that motorcycle, you know, or just leave it in the garage and take the insurance off it if it’s paid for.

00:27:33.000 –> 00:27:43.000
I know it sounds kind of nuts, but, you know, if your insurance is, you know, a couple hundred dollars a quarter, that’s money you have to spend, especially if you’re not working.

00:27:43.000 –> 00:27:47.000
You know, since we’re not working, you don’t get to have little extras in life, unfortunately.

00:27:47.000 –> 00:27:54.000
I’m not trying to sound doom and gloom, but, you know, that’s sometimes just the way it is, unfortunately.

00:27:54.000 –> 00:27:58.000
You know, you can’t, you know, certain things you can live without. Certain things you can’t. You know, you can’t live without water.

00:27:58.000 –> 00:28:02.000
You can’t live without heat. You can’t live without electric. Those are just things you can’t live without.

00:28:02.000 –> 00:28:07.000
The rest of the things are just luxuries, especially when you talk to someone about having a mortgage and stuff like that, you know.

00:28:07.000 –> 00:28:15.000
You start getting behind on your mortgage. It is very, very hard to get caught up, and I don’t care what anybody says. It’s definitely difficult to get caught up.

00:28:15.000 –> 00:28:28.000
Some other things, folks, too, for cost saving measures. You may want to look at, I don’t want to say cutting back on food, but you may want to cut back maybe on some of the labels you’re purchasing.

00:28:28.000 –> 00:28:35.000
I’m not saying, obviously, you can’t cut back on food. I don’t want people to be going hungry. But you may want to cut back on the brand labels you’re buying.

00:28:35.000 –> 00:28:40.000
Instead of buying Frosted Flakes, you can actually go ahead and buy, you know, the No Name cereal.

00:28:40.000 –> 00:28:53.000
It doesn’t sound like much, folks, but at, you know, $2 here, $3 there, $4 there, that could cut your grocery bill down, you know, $100, which doesn’t sound like much, but it’s not working. It is.

00:28:53.000 –> 00:29:02.000
I think too, folks, if you are unemployed, you have time, you may want to, you know, spend the $2 to get the Sunday paper and go through and see what’s on sale.

00:29:02.000 –> 00:29:07.000
Cut out those coupons and stuff like that and use, you know, you may have to use stuff you never used before, you know.

00:29:07.000 –> 00:29:21.000
You know, if you’re a person that always uses Tide, but, you know, something else is on sale that week, as long as everybody, nobody has an allergy to detergent, you know, you may have to, you know, use that other brand and save $2, you know, with that coupon.

00:29:21.000 –> 00:29:28.000
You know, I’m just saying, folks, you know, it’s just stuff, just ways to save money when you’re not working.

00:29:28.000 –> 00:29:38.000
Some other things as well that you can try, and it’s, like I said, it’s just a suggestion, like I said, cutting back on things.

00:29:38.000 –> 00:29:49.000
Some things you can cut out as far as, I’m not saying cut out food because you can’t, but one of, like, some of the things you can do is, like I said, use your coupons.

00:29:49.000 –> 00:30:01.000
And you can also, too, go to, if you can, by the way, this is something that’s going to be perfectly clear with your medical physician, but, you know, if you’re in a situation where you have health insurance, one of the things you can do, and make sure you check with your doctor first.

00:30:01.000 –> 00:30:05.000
I’m just a guy doing a podcast. I am not a medical physician. I am not a doctor.

00:30:05.000 –> 00:30:13.000
But one of the things you can do is you can go to ask your doctor to prescribe you the generics of your medication.

00:30:13.000 –> 00:30:20.000
Believe it or not, I have had friends that were in a situation where they weren’t working and they did need to cut back.

00:30:20.000 –> 00:30:25.000
And that was one of the things they did do. They went to the doctor and the doctor prescribed them some generics of their medications.

00:30:25.000 –> 00:30:29.000
Prescriptions are not cheap, but the generics are cheaper.

00:30:29.000 –> 00:30:36.000
So that’s especially if you’re not working, because don’t forget, folks, just because you’re not working, your bills are going to go up because you don’t have health insurance.

00:30:36.000 –> 00:30:43.000
You know, if you’re not working and you’re thinking, “Okay, well, I’m not working, but how are my bills going to go up?”

00:30:43.000 –> 00:30:48.000
Well, they are, because if you may have medical insurance, you may have medical needs and prescriptions.

00:30:48.000 –> 00:30:52.000
So you may need to go to generics. That’s something you may have to take us with a medical physician.

00:30:52.000 –> 00:31:02.000
I am not a medical physician. Again, don’t take my word for it, but ask your doctor and that may be a real possibility.

00:31:02.000 –> 00:31:16.000
Another place too, I hate to say this, but ladies, if you’re not working, you may have to cut back on the cosmetics, you may have to cut back on the salon, you may have to cut back on the fancy haircuts.

00:31:16.000 –> 00:31:21.000
Guys, same thing. Guys, especially if it’s a little easier for us.

00:31:21.000 –> 00:31:26.000
Guys, go buy yourself a razor at Wellmark for $20 and give yourself a buzz cut.

00:31:26.000 –> 00:31:32.000
You know, $20 and a haircut, especially if you’ve got, not saying just one person, but you’ve got a couple kids.

00:31:32.000 –> 00:31:36.000
Buzz cuts are a little cheap, not saying the girls.

00:31:36.000 –> 00:31:39.000
Now, girls are older, but you don’t want to cut your daughter’s long hair.

00:31:39.000 –> 00:31:41.000
I don’t care how desperate you are, I would never do that.

00:31:41.000 –> 00:31:44.000
I would never do that to my children, but my daughters.

00:31:44.000 –> 00:31:50.000
My daughter, I wouldn’t, you know, I don’t have a son, but if I did, I’m sure he wouldn’t mind a buzz cut.

00:31:50.000 –> 00:31:56.000
What kid, little kid doesn’t mind a good buzz cut in the summer when they’re running around and playing and all that kind of stuff.

00:31:56.000 –> 00:31:58.000
That’s different.

00:31:58.000 –> 00:32:01.000
But your wife, your daughter, keep the clippers away.

00:32:01.000 –> 00:32:06.000
But, you know, you yourself, guys, you know, you can give yourself a buzz cut.

00:32:06.000 –> 00:32:10.000
It ain’t going to kill you. You know, save yourself money.

00:32:10.000 –> 00:32:13.000
Ladies, you want to paint your own nails, that’s an option.

00:32:13.000 –> 00:32:16.000
You can cut back on those kind of things, you know, doing your nails, some of that.

00:32:16.000 –> 00:32:18.000
You can do them yourself if you have time.

00:32:18.000 –> 00:32:20.000
You know, that’s a place to cut.

00:32:20.000 –> 00:32:24.000
You know, I’m not saying, again, I’m going to make sure I reiterate that.

00:32:24.000 –> 00:32:26.000
Keep the clippers away from the kids, okay?

00:32:26.000 –> 00:32:28.000
Especially the little girls, okay?

00:32:28.000 –> 00:32:30.000
If your son’s okay with it, buzz him.

00:32:30.000 –> 00:32:33.000
But, another one with a good, you know, neat and tight.

00:32:33.000 –> 00:32:37.000
Okay, but, yeah, don’t, don’t, keep, don’t, that’s one thing that drove me nuts one time.

00:32:37.000 –> 00:32:43.000
I knew somebody as a kid that they shaved their kid’s head and they shaved their daughter’s head and it bothered me.

00:32:43.000 –> 00:32:45.000
I can’t imagine doing that, so don’t do that.

00:32:45.000 –> 00:32:51.000
You know, don’t embarrass your children, but, you know, guys can get away with it.

00:32:51.000 –> 00:32:54.000
But one thing too, like I said, ladies, you can if you want to.

00:32:54.000 –> 00:33:00.000
My wife actually started doing her nails herself just because she got so sick of waiting in line that the salon started doing her own nails.

00:33:00.000 –> 00:33:02.000
Actually does a really good job with it.

00:33:02.000 –> 00:33:04.000
So ladies, you know, you’re going to try.

00:33:04.000 –> 00:33:07.000
And the other thing too folks, YouTube is a resource, especially when you’re not working.

00:33:07.000 –> 00:33:14.000
You know, if you really need to do something, you can look on YouTube and a lot of times it will give you a lot of information.

00:33:14.000 –> 00:33:16.000
So one of the things folks, car maintenance.

00:33:16.000 –> 00:33:23.000
You know, I know it’s a tough issue, but, you know, try to maintain, you know, maintaining one vehicle is cheaper than maintaining two.

00:33:23.000 –> 00:33:26.000
Even if you want to keep the other one, maybe you might want to not drive it as much.

00:33:26.000 –> 00:33:31.000
And, you know, another thing you can do folks as well, and I really don’t like doing this.

00:33:31.000 –> 00:33:41.000
If you have a loan on it, you’re not going to be able to, but if the car is paid for, you may want to look at maybe taking off full coverage and maybe putting on just liability only or maybe just comp and liability.

00:33:41.000 –> 00:33:44.000
You know, there are options to cut back insurance.

00:33:44.000 –> 00:33:48.000
I hate to do that, but if you’re desperate, you can do it.

00:33:48.000 –> 00:33:56.000
Some other things folks as well you can do, just going to wrap up here in a minute, but I’m really trying to save money.

00:33:56.000 –> 00:34:00.000
You can call your car insurance and tell them that you’re not working anymore, you’re not driving as much.

00:34:00.000 –> 00:34:02.000
Sometimes they will drop the rate.

00:34:02.000 –> 00:34:04.000
I have seen that by the way.

00:34:04.000 –> 00:34:06.000
From experience, my friend of mine actually did that.

00:34:06.000 –> 00:34:11.000
That’s only two folks by the way, that’s something else too, talking about saving money.

00:34:11.000 –> 00:34:15.000
I want to point this out because it kind of drives me nuts a little bit.

00:34:15.000 –> 00:34:21.000
A friend of mine was working, sort of taking the train every single week because it’s thought it would be cheaper.

00:34:21.000 –> 00:34:26.000
You know, you got to watch that kind of stuff because taking public transit isn’t always cheaper.

00:34:26.000 –> 00:34:28.000
I just want you guys to know that.

00:34:28.000 –> 00:34:37.000
Some other things folks to do if you’re not working and your spouse is, and I hate to say this or your girlfriend is or your boyfriend is,

00:34:37.000 –> 00:34:43.000
but one of the things you can do is tell them, “Hey, I cooked last night, why don’t you bring your lunch?”

00:34:43.000 –> 00:34:45.000
“Don’t run out and spend $70 for lunch.”

00:34:45.000 –> 00:34:50.000
“I packed you a nice lunch here and a salad, a nice this and a nice that.”

00:34:50.000 –> 00:34:54.000
“Why don’t you bring your lunch with you today so that we don’t spend extra money?”

00:34:54.000 –> 00:35:03.000
I know it’s tough guys, but again, you know, anything where your kids, if they buy lunch at school, you may want to pack them a lunch at home.

00:35:03.000 –> 00:35:08.000
If you’re not working, you have the time. Pack them a lunch, save a few dollars, use the leftovers.

00:35:08.000 –> 00:35:12.000
You know, and that’s another thing too folks, if you are not working, make sure you do use your leftovers.

00:35:12.000 –> 00:35:18.000
Don’t waste any food because, you know, food is obviously cost.

00:35:18.000 –> 00:35:29.000
So, some other things folks that you can think of as well to really help you as far as cutting back, a little cost saving things.

00:35:29.000 –> 00:35:34.000
Like I said, maybe you might want to cut cable.

00:35:34.000 –> 00:35:40.000
You say you want to cut your cable, your television, but guys you may want to just cut back on it.

00:35:40.000 –> 00:35:45.000
You know, maybe get rid of the premium stations if it saves you some money every month.

00:35:45.000 –> 00:35:48.000
It’s not saying you got rid of it. Maybe you might be financially able not to.

00:35:48.000 –> 00:35:53.000
You know, but you may want to say, “Well, I’m not working, I’m not making as much. I really need to cut back.”

00:35:53.000 –> 00:35:57.000
You know, maybe just cut back on the premium, you know, get rid of the premium stations.

00:35:57.000 –> 00:36:00.000
You know, get rid of the NFL ticket on DirecTV.

00:36:00.000 –> 00:36:07.000
You know, guys, I know it’s hard to say, but you know, just maybe not get rid of it, but just maybe just cut back.

00:36:07.000 –> 00:36:09.000
And that’s not the truth folks, you got to think about too.

00:36:09.000 –> 00:36:18.000
When you do decide to cancel certain things when you’re cutting back, if you get hit with a big cancellation fee, it’s not always cheaper to cancel.

00:36:18.000 –> 00:36:24.000
Just realize that. I know people say all the time, “Well, if I don’t cancel it, you know, I don’t…”

00:36:24.000 –> 00:36:29.000
Well, yeah, but if you’re spending $50 a month, $6 a month, it’s going to cost you $300 to cancel.

00:36:29.000 –> 00:36:36.000
You know, how long…if a job looks like it’s on the horizon, you know, you may want to say, “Well, maybe I’ll just wait.”

00:36:36.000 –> 00:36:42.000
You know, so there are a lot of things you could…you know, you got to look at your…everybody’s situation is different, obviously.

00:36:42.000 –> 00:36:50.000
And like I said, I’m not an expert in anything. I’m just a guy, you know, doing a podcast that’s been through this stuff and that’s done some research and all that.

00:36:50.000 –> 00:36:55.000
I’m trying to help educate everybody on, you know, surviving a big crisis like losing your job.

00:36:55.000 –> 00:36:59.000
And losing your job is a crisis, folks. Your job is one of the most important things you have in life.

00:36:59.000 –> 00:37:07.000
And I’m not saying it’s not more important than, you know, your religion or your family, but it is, folks, a very important thing.

00:37:07.000 –> 00:37:10.000
Your job is one of the most important things. It’s your source of income.

00:37:10.000 –> 00:37:13.000
It’s how you put food on the table. It’s how you keep a roof over your head.

00:37:13.000 –> 00:37:19.000
So it is one of the most important things. People say, “Oh, I hate my job.” Yeah, you hate it, but if you didn’t have it, you’d be really upset.

00:37:19.000 –> 00:37:24.000
You know, so…you know, just something to think about, guys.

00:37:24.000 –> 00:37:30.000
You know, as much as you may hate it, think about if you lost it, how tough life gets.

00:37:30.000 –> 00:37:34.000
So that’s why you need to do your best to try to do, you know, to try to keep it.

00:37:34.000 –> 00:37:38.000
Or if you’re going to lose it, try to get another one as quickly as you possibly can.

00:37:38.000 –> 00:37:42.000
And, you know, like I said, so these are things, like I said, I’m just giving you guys suggestions.

00:37:42.000 –> 00:37:49.000
Like I said, folks, I’m going to wrap it up here, but if you have any questions, like I said, go on our website,

00:37:49.000 –> 00:37:57.000
Click on the “Contact Us” link, “Contact Us” link, and, you know, shoot me an email, let me know what’s on the show, let me know if you have any show suggestions.

00:37:57.000 –> 00:38:00.000
This is actually a suggestion by a friend of mine who just started listening.

00:38:00.000 –> 00:38:03.000
He said to me, he goes, “Hey, my blues is my job. You have any suggestions?”

00:38:03.000 –> 00:38:06.000
And I said, “Well, I can do a show about it.” And he’s like, “Yeah, that’d be awesome.”

00:38:06.000 –> 00:38:12.000
So, you know, any shows you have an idea of me, I’ll take the time, research the idea, you know, all that kind of stuff.

00:38:12.000 –> 00:38:14.000
So, again,

00:38:14.000 –> 00:38:24.000
Again, we’re on iTunes now, we’re going to be on Google, the Google Play Store shortly, and like I said, I want to thank everybody for listening, and we will talk to you again very soon.

00:38:24.000 –> 00:38:25.000
Thank you.