How To Beat The Jobless Effects?
The state of jobless is scary. Every country in the world is not protected from jobless rate and a few of the terms that are trending on Google are jobless in USA as well as jobless in Malaysia. No matter where you are living or residing, the state of jobless is affecting everyone ... and with the Covid-19 pandemic, things are getting from bad to worst.
Take a look at the graph above. It shows the United States Unemployment Rate and since the pandemic had started, it had created more 'jobless' state than ever. Credits to TrendingEconomics.com.
So, the biggest question today is how do you beat the jobless effect?
Carry on reading and I'll share with you the exact steps to build stable monthly income streams even when you are jobless.
How To Beat The State Of Jobless?
You see, earning money while you are jobless is not just important—it is for survival. In most cases, you need to feed yourself, put food on the table and taking care of your loved ones.
Without a job, this means that you have no money ... and you cannot take care of the people that you love.
Here are some of the most effective ways to beat the jobless effect.
Getting Your Mindset Right
While the economy around the world is suffering, there are many opportunities for you to make some money right now (legally, that is).
But it is not a walk in the park. You need to compete with the hundreds or thousands of people within your area or expertise.
Your mindset should be:
I came across the jobless state some years back. I decided to leave my day job (that pays me over 6 figures each year) to pursue my dreams.
And I know how it felt. Scary as hell.
Now, I am not only making 6 figures each month, I am happier because I am able to provide a better life to my family.
So, what are the jobs you can do right now?
Here are some of the best jobs you can start right now (either side hustling or as a full time job).
This pandemic had taught the world us that during the times of need, we will do anything to get our hands on the things we want.
For example, Malaysia is under lockdown due to the pandemic and we are not allowed to go out from the house.
The eCommerce state in Malaysia had grown rapidly in Malaysia thanks to the lockdown. Business owners and entrepreneurs are creating tiny eCommerce stores using Shopify to sell the items.
From digital products to tangible items, there are always market and demand of these products.
Sure, you won't make $10,000 overnight, but you are certainly building a stable income stream either on a daily or monthly basis.
If you want to beat the jobless effects, start an eCommerce store right now (it costs you less than $100 to start up nicely). Plus, you don't need to be an online 'marketplace' to make money with eCommerce.
Selling niche items such as vases, kid's wear and gadgets can help you generate a nice amount of side income with an eCommerce store.
Start Freelance Business
The gig economy is one of the best ways that you can look at ... if you want to bear the jobless effects. Businesses around the world understand that it is much cheaper and efficient to hire freelancers to get a specific task done, as compared to hiring a full-time employee which will be heavy on your overheads.
Freelancing is one of the easiest to start out and it doesn't cost you much. As a matter of fact, there are many freelancing works that you can start today that doesn't cost you any investment.
Work opportunities such as virtual assistant and website developer will help you to land more clients (that pay well) ... all from the comfort of your own home.
The Ultimate List of Virtual Assistant Services
Become a VA this year and get paid working from home. And yes, it is time to beat the jobless impact!
Summary: Protect Yourself from The Jobless Effect
I hate to spill this out to you, but there are many jobless cause and effect that you should be aware of. More importantly, you shouldn't just sit and hope that everything will turn out just fine.
Instead, you need to start working on your side hustle and plan your financials right ... in order to survive and beat the jobless effects.