winningkarma

Survival of the fittest…

In Uncategorized on October 30, 2009 at 6:40 pm

Sorry, missed deadline on this entry, but wanted to wait for the official news. According to the Government, the recession is over but let’s not celebrate just yet because complete recovery will take some time, but we are headed in the right direction!

The title of this entry may not seem appropriate to the subject, because survival of the fittest refers to the evolutionary timeline where only the strongest survived; where the stone was superseded by bronze and the bronze by the iron, but if we give it a different spin then this does hold up. Of course, we need to maintain the basics food, shelter and clothing but as we are still caught in a financial vice-like grip until full recovery takes place, it is survival but not just of the fittest, but the smartest as well. So, here are some tips.

  • Well, time for serious belt-tightening and common sense. Taking any money you have and putting into a high interest account is a great step which will help in an emergency.
  • Okay, with corporate downsizing, be realistic and look outside your chosen vocation. This one hurts the most, but one needs to eat humble pie. Sorry corporate rats, but we have to be realists.  Survival is less about the game than it is about changing the rules of the game.
  • Networking at FREE events doesn’t hurt either. A resume can only get us so far but people can only see us as we are in person.
  • Another option is to see whether any existing talent you have can be monetized.  Good writer? Perhaps, trying our luck at some paid freelance writing might help. What about consulting? Can you take your experience and offer consultation to others?  Knock on doors; introduce how you can add value. For example, if good at marketing, tell businesses how to create a brand, increase the bottom line; prove it, by offering a discounted service or trial basis. Print out cheap flyers/cards and move around your own area where some of the business owners may even know you. Have a sounding board and ask a friend or peer for advice and a problem shared is a problem halved.
  • One key reason why one needs to be creative; if need be, take a part-time job even if it means manning a call center, because for one, the longer you are out of work,  the more our self-esteem suffers; trust me, having been there, sitting at home watching daytime TV does nothing to help one’s situation and you quickly find out why TV is chewing gum for the mind.
  • Also, rather than sitting at home, for our own sanity, let’s volunteer somewhere. The worst thing is being inactive, because that leads to feeling “dumbed down”, useless and losing our creative spark.
  • Reduce discretionary spending on non-essential items and disable the cable because you will save 1000’s over the year. Opt for online entertainment as most of the TV channels are also streaming content on the net. In any case, how much do we REALLY watch? The answer may surprise us and compel us to cut the cable television umbilical cord for good.
  • Don’t eat out! It might be surprising to learn that it might cost much more eating out than making food at home. Yes, outmoded huh? Honestly, one can sacrifice a little time and make simple yet nutritious meals. Take a leaf out of Cathy Erway’s book and see how she stopped and saved money through simple little recipes. The atmosphere argument doesn’t hold up either-go ahead, invite friends and share your newly found culinary skills. Your body will also thank you for it as well.
  • Cut out any unnecessary expenses. For a long time, in my housing division, there was no stable internet connection, so I had to buy an internet card, but after about a year we finally had internet and as the economy down turned, I realized that i still had the internet card and was giving away money for no reason. Turned out, it was cheaper for me to make my home wireless. If we look for the small print, we can always cut out a few things.
  • Cell phones. We should all analyze our cell phone plan. Cut out any data plans that we are signed up for. They are less a necessity than a luxury. People that really want to communicate can call your phone there is no need for internet or any fancy paid services that are not needed. CUT THEM OUT.

Well, there you go, just some tips. Remember,  remain positive, be creative and keep on winning…

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  1. great to see a long post after some time… great tips! just one thing, I believe the internet on phones goes a long way for many of those who need to be constantly connected because of work and other things, as for the rest of the public who have it for fun it makes sense to cut out the needless necessities.

  2. Thanks for your comments.

    The point i was trying to make was that there should be judicious use; cell phones have their place, but really if somebody has financial issues, they should really focus on what matters rather than what entertains. I do agree that we should look at the necessities.

    Again, thanks for taking time to write and keep on winning…

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