Many of us are experiencing financial hard times in this poor economical decline. Thousands of people are still out of work, and for many unemployment benefits have run out. Our recovery will be moving at a snails pace.
Anyone that has been out of work for a long period of time, needs to think outside of the box. Other then what you once did in the line of employment, what other talents do you have? Think about this with paper and pen in hand, make a list of everything you are talented at. It can be as small as reading a book, or as large as remodeling your kitchen by yourself. Categorize each item in an order of importance to you. ( Building Bird Houses - Hobby - Really Enjoy.) Keep this list handy, you will find yourself adding more as the day passes.
Once you have finished this list, start at the top working down. Now you will add to each item on your list, what possible jobs relate to each item, (you enjoy reading) jobs that may relate - proof-reading, writing, teaching, etc: And again, leave this list out and in sight, you will find yourself adding more.
When you feel this task is finished, starting at the top of your list once again. For each possible job related item, would you like being self employed, or seek employment? (Building Bird Houses - Hobby - Really Enjoy Woodworking - Jobs that may relate, Home Depot, Lowes - Seek Employment.) Unless you think of another category that can be added for each item on your list, "you are done."
This list is going to help you think outside of the box. It will help you seek employment in so many other areas, and can open up a whole new world for you. Starting over is never easy, but starting over doing something you truly love will make a "HUGE" difference.
Some Encouragement For You
Flipping Houses: This is not something my husband and I planned on. But circumstances beyond our control started this trend for us. Do keep in mind though, I am the kind of person that will take on any project, large or small. Not one afraid of breaking a finger nail, sweating, or getting dirty. And I am 61, 5 foot nothing, and weigh 128 lbs.
In 2007 we found ourselves in a position that made us move from Florida to Georgia. We made enough on the sale of our home in Florida, so we could pay cash for the home in Georgia with money left over. (This was a Manufactured Home) and not a good choice, I will explain later. However our new home needed work, built on a slab, nothing but wooden steps going in the home, and no out buildings at all. While there, we added a sun room on the back, a large deck on the back, a very large storage shed, and did a lot of much needed landscaping.
Unfortunately in 2011 my husbands job would pull us back to Florida. However with all of the improvements made at the home in Georgia, and savings, we bought a forcloser that had really good bones, was a high end home when built in 1998, and had a large pool, but was run down inside and out. What we saw was the potential of this being a beautiful home after a lot of work. And money in our pocket should we find ourselves selling again, and when the housing market bounces back.
My husband working full time, all of the cleaning, and painting done by me. A lot of the work had to be hired out, things my husband did not have time for, and were so large a job I could not have done them alone, caging the pool, replacing all of the carpet with wood, things of that nature. I have learned that when working on a budget, not every thing needs replaced right away. Many things around the home can simply be refinished. And I will share more on that in another article.
A little over a year now, and once again a move will be under way. We had the same realtor that found this home for us, come out so he could give us an idea what to list it for, and we were blown away by his answer. Not to mention the fact, he was blown away at the transformation this home had made. We never got the chance to list it with a realtor, it is sold, and for a nice profit.
As for buying a "Manufactured Home" as a flip, (not a good idea). They depreciate something awful, year-by-year. We learned this the hard way. A Mobil Home, in the eyes of a mortgage lender is just that. It is very hard finding a lender that will even loan money for one. And can also be hard finding home owner insurance for it. If it will be your permanent home, or your buying for rental income, then maybe.
Hopefully our next home will not be a flip. My husband will retire in another year and a half. Maybe then I can move on down "My" list, onto another unforeseen adventure, doing something else I am talented at.