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Nearly all of us have been there.
Losing a job stings more than justyour budget.
Losing your job hurts your pride and your finances, says Scott Lieberman, founder ofTouchdownMoney.com.
But it doesnt have to be the end of the world.
Its there for a reason, points out Lieberman.
The fewer losses you take while unemployed, the easier it is to rebound after finding your next job.
Get Your Head in the Right Place
No one wants to hire a Negative Nancy.
Employers can see through a fake smile plastered on your face solely for the job interview.
Prioritize your mental and physical health while youre in recovery.
Review where you are right now, by painting a picture of your expenditures by creating a budget.
You may even discover that a side hustle could grow into a new full-time business.
online grid Especially with High-Earners
Reach out to your online grid, urges Lieberman.
See if someone has an opportunity that you havent thought of yet.
You never know who might be hiring and where you might find your next job.
Jania expands on that point.
He adds that if you havent taken care of your mental health, youll miss out.
Be mentally ready to take advantage of these opportunities that come up.
ensure to take advantage of these opportunities and make your worst time your best time.
Work on rebuilding your emergency fund and paying down any debt you might have accumulated, advises Kullberg.
Then, set aside some of your earnings each month to invest for future use.
Take advantage of employer-matching contributions to retirement accounts.
Start investing proactively again rather than simply playing defense.
As you rebuild your finances, also focus on maintaining a positive mindset.
Dont get discouraged by any losses you took while searching for the next step in your career.
The road to financial recovery is a long one, sums up Kullberg.
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