The economy is not treating everyone kindly. Yes, they say we’re in recovery, and they say we’re on the way to better days, but our paychecks certainly aren’t showing it, are they? Unfortunately, many people are still falling into bankruptcy and foreclosure. Misfortune is not discriminatory, either, affecting all social classes and ethnicities.
So you might ask what to do when this befalls you. How do you compensate? How do you recover? How do you minimize the effect on your family and future security? There are several ideas you can try – some drastic, some not – in order to come through much unpleasant circumstances somewhat clean. Here are a few.
Change your Industry
You can change your career without changing your career. If you’re an engineer, you can switch industries. Same if you’re a tradesman, or a sale executive, or an accountant, or a management executive. Certain industries are teeming with opportunity, and they will gladly pay you a hiring bonus and generous salary to relocate for them.
Go to School
If you have not completed your undergrad, you can get grants and loans as a general student regardless of your age. If you can’t get enough grants to cover everything, you can get very low interest loans to cover the rest, AND you can borrow extra to live on at the same rate. You may defer these loans until after you have finished your education, even if you finish the one program and start new one. Conceivably, as long as you go full time the whole time, you could stay in school the rest of your life going from program to program for decades and never pay the loans back. (That’s highly inadvisable, but you get my point.)
Get An Online Military Loan
The good news is that, if you’re out of cash and you have a large purchase to make, you can get a military loan to finance it. A military loan can be granted with no money down, and with no interest for the first 90 days. That’s a same as cash loan for 90 days. After that, the interest that does apply is kept at a low rate to make your repayments easier. All active duty military personnel are qualified to apply, regardless of rank, pay grade, or credit history. You can apply right online, and approval is instant. You see? It’s easy!
