8 Simple steps to recession proof your future when in college

Thursday, October 7th, 2010

How does one recession proof their future? As we’ve seen time and time again during a troubled economy, even the most educated get laid off or terminated, so how can you guarantee a ‘bullet proof’ future career? In an economy where the future is uncertain which direction do you take? Give it your best shot with these 8 simple steps to help you recession proof your future when in college.

Step 1. Invest In Your Education

It is best to be prepared for the future. Pursuing a college degree is a sure way to get you noticed for job opportunities, promotions, and raises.

Step 2. Plan For the Unexpected – Prepare for the worst

Preparing for the worst, but actually hoping for the best will help you to effectively deal with whatever situation comes your way. Knowing what to expect and how to handle different kinds of situations beforehand will help you handle any situations in a cool, calm and stress free manner. It will also help you to bounce back much quicker and move forward with your future plans.

Step 3. Choose Your Major Wisely

Today, too many college students are majoring in a field that is not in demand or doesn’t pay enough to support them financially. Even though it may be your passion or hobby it is still not a good enough reason to invest your time and money into a degree that will not lead to a solid career future. Turn your hobby into a side job – an excellent way to have two incomes.

Step 4. Cut Back On Expenses

Buy your college books from used book stores, buy things from thrift stores or when they go on sale will help you save money that you can put away for hard times. Possible open a savings account with the money you save.

Step 5. Take Advantage of Financial Aid

Take advantage of all the free money out there. Apply for Federal student aid, grants, scholarships and even work a part-time job if you have to, to help pay for tuition and other college expenses.

Step 6. Pay Off Debt

If you have a lot of outstanding debts such as credit card and loans, it’s best to start paying off the ones with the highest interest rate first then pay the rest off as soon as possible so that you don’t career this baggage into your future endeavors.

Step 7. Cash Rules over Credit

Pay for everything with cash if possible. If you can’t afford to buy something with cash, you probably shouldn’t buy it. Getting yourself into debt is not a good way to recession proof your future while in college.

Step 8. Avoid Taking out Student Loans

Try not to take out student loans or if you absolutely must, then take out only what you need. Student loans will have to be paid back and this is not a good way to recession proof your future having a huge debt hanging on your shoulders to pay back.

We’re not sure how long we’ll be in a state of recession but one thing we can be sure of is the economy will eventually bounce back and when it does you need to be ready to face it head on. Currently the future may look a bit grim, but don’t let that stop you from taking the steps needed for a bright future. Use these 8 simple steps to help you recession proof your future while in college.

Tags: Career Advice, Recession
Posted in Career Guide, Recession | No Comments »

Top 5 Careers to Combat Recession – Beat the Heat

Tuesday, June 30th, 2009

At present, economy world over is reeling under pressure but there are still few sectors where career prospects are very good. With this downtime expected to last for another two or three years, you need to have a proper understanding of the current market condition. Instead of just earning a conventional college degree, it is recommended that you earn Masters or PhD degree in subjects which are in demand.

To give yourself a much better chance of attaining success, take admission in an online degree program. To earn online degree, you do not need to go to the university. Therefore, you can save plenty of your time and money. If you are looking for a promotion in your current job, you should go for professional courses.

Find below details of Top 5 Careers that can help you in fighting with the recession.

1. Health care

According to experts, health care sector is one sector where demand is not going to die down in the coming years. With health care degree, you can work as a dental hygienist, registered nurse, physical therapist and mental health counselor. Bachelor degree in health care management is an absolute necessity if you are interested in becoming registered nurse or dental hygienist.

2. Education

Irrespective of the market condition, education sector is one sector that is always going to be buzzing. Demands for highly qualified teachers and faculty members are increasing with every passing day especially with so many teachers getting retired. If you want to make a mark in the field of education, you need to earn a Masters Degree in Education. The significant thing to note about education field is that you get wide variety of career choices. It includes teaching in traditional colleges and universities, teaching in online colleges and universities and working as a research associate in public and private sector organizations.

3. Technology

Despite all the economic downturn, technology sector is brimming with confidence as people these days are looking for new technologies in order to make their work lot easier. To attain success in the field of technology, you need to earn an advanced diploma in information technology. Masters Degree in data communications and technology can also come in real handy. There is strong demand for computer software engineers as more and more organizations are looking to automate their routines so that there is improvement in their customer service.

4. Law

To get rid of all your recession fears, it is quite vital that you make a career in the field where possibilities of reduction in jobs is minimal. Law is one such field. By successfully earning law degree from accredited college or university, you can start your own practice or work in a law firm. The average salary of lawyers is in the range of about $25,000 to $80,000.

5. Management

With regard to management, there are job cuts in the top and middle level management due to recession but if you are just starting your career, it is not going to affect you. Business organizations cannot cut lower management jobs as it can affect their proper functioning. To get a job in the lower level management, you will require a Master in Business Administration degree from an accredited college or university.

Tags: Accredited Colleges, Education, Healthcare, Law, Management, Recession, Technology, Top 5 Careers, Traditional Colleges and Universities
Posted in Career Guide, News And Reviews | 4 Comments »

The dreaded word Recession – How to handle the pressure?

Friday, April 3rd, 2009

“Its Recession Time” – What’s Your Plan?

Just like rainy season or winter season, it is recession time or season. While these climatic changes take place every year, recession a change in financial and economical climate takes place every decade. It is but natural that people are not prepared for things that do not happen too often. Yes, and when it happens, the blow is so hard that, it is recession again once you are back to normal.

Is recession causing a nightmare? Are you worried about your future? And do you think you are the only one facing this problem? I am sorry! You (All of us) are sadly mistaken! Everyone is facing this. And they ought to, given the extent of damage and devastation in the economy.

I am tired of using technical jargons; they frighten me all the more. I prefer simple and straight forward terms that convey the issue. The problem about recession is “No Money”. Activities, from organizations to individuals, no activities are happening. No new ventures, no new schemes, no new employments, no bonuses, no purchases, no housing ventures, you name it and it’s a big NO. It is a vicious cycle. A simple of act of buying by a normal consumer, triggers the economic activity, which turns leaps and bounds considering the number of consumers in an economy. When the initial activity does not take place due to financial crisis, no movement in the economy and hence no developments and which in turn lead to financial crisis.

How To Handle The Pressures Of Economic Meltdown?

The best way to handle pressure is by not feeling it a pressure. Is it confusing? Well, the more tensed you are and more emotional, less are the option visible to you to handle pressure. Hence you should calm yourself and think about it as a problem to be solved, separating you from the situation. It is only then that you see the problem and not your suffering.

The best way to handle pressurized circumstance is by being prepared to face it. Again, if you are prepared well in advance, you hardly have anything bad to face. Most of the times it is like only when you burn your hand, you realize it is hot. Sadly, we are so ignorant of the ways and means of avoiding a bad phase.

Leave alone the past, let’s discuss on what can be done to handle as well as get rid of recession and its impact? Plan your finances, come up with a budget, minus all extravagance and comforts, identify the bare necessities, stock up your liabilities, and prioritize you repayments depending on the cost of liabilities, cut all unnecessary expenses and go for items that serves your purpose.

In short reduce your expenses and make more money available for unexpected happenings and emergencies. Bringing down your standard of living for meeting your budget is not a failure, instead it is a strategy to handle recession. Be mindful of what you do and how you do it. With all this and more I am sure you have the potential to face any circumstance whatsoever.

Tags: Liabilities, Recession, US Economy
Posted in Recession | 5 Comments »

Online Degree Programs by Subjects

Quick School Search

Recent Posts

Popular Posts

Categories

Posts Tagged ‘Recession’