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Apr 22

How to Make Money After Being Laid Off

Reading Time: 2 mins

Being told that you are no longer needed or wanted at work is one of the most disheartening things an individual can hear, especially during these incredibly tumultuous times. Hundreds and thousands of people have been laid off during the pandemic.

Some have gone on to find more suitable jobs, whilst others have taken matters into their own hands to secure additional streams of income. Here are a few ideas on how to make money after being laid off.

 

File for Unemployment

Many individuals feel embarrassed to file for unemployment but there’s nothing to feel ashamed about. You may feel like you have been wrongfully terminated, in which case you should speak to a lawyer. If you are worried about how much lawyers cost, check out this blog.

 

Start Your Own Online Business

Starting a business seems like a very ambitious backup plan, however, many people have taken advantage of this opportunity and become their own boss. Nowadays you can even set up your business entirely from the comfort of your own home. E-commerce sales have been booming and who’s to say that you can’t get a piece of that pie?

 

Rent Out a Spare Room in Your House

If you are lucky enough to have enough space in your home, you may want to consider renting out a spare room. This can help cover important expenses, like your bills and mortgage, whilst you focus on looking for a new job.

Finding a suitable housemate or tenant is now much easier thanks to the power of social media. You don’t have to settle for the first person who replies to your advert, instead, you can be more selective and get to know the person before you invite them into your home.

 

Start Tutoring Online

Another change that has been brought about by the current health crisis is that more educational lessons are taking place online. This gives you a wider scope for potential students if you decide to start tutoring. You can teach anything online, from languages to math, or even a workshop in career-specific skills.

 

Drive for a Delivery Company

There’s always an opportunity to make a bit of cash on the side somewhere. If you have a car, you can sign up as a delivery driver for companies like UberEATS. These jobs are convenient because you can choose when you want to work. This gives you the flexibility to look for a full-time job and have some extra cash in the meantime.

If this pandemic has proven anything, it’s that your life can unexpectedly change at any moment. Nobody would have guessed that the world would come to a near standstill whilst we battle a global health crisis.

It has also illustrated the importance of having multiple streams of income and why everyone should be resourceful. If you are stuck between a rock and a hard place, make sure to take these tips on board and start making some money.

 

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