Name: I'm Scared Of Losing My Job...What Do I Do?
Uploaded: 2020-03-28T10:51:43.000Z
Duration: 8 min 7 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

To-infinitive

I want to get this video to you immediately

and we've been self quarantine for a week now

So I'm making this video from actually my iPhone

and my wife, Jenny is actually holding this camera.

about losing your job and this video is for you.

I'll never forget when I lost my job at the supermarket.

I remember when I told my mom that I quit

my mom was so scared and I was very, very scared

I didn't know that how we are going to generate income

but I just knew deep down that's what I wanted to do

because I wanted to pursue my entrepreneurial career

that a lot of people, in fact, millions and millions

of people are losing their jobs is very, very unfortunate.

So, if you happen to fall into the categories

and this has impacted you, impacted your career

I want to give you some tips that hopefully can help you.

I know one of my friends who are entrepreneurs

just in the last two weeks and with his permission,

I could share this with you, he laid off almost,

he had a team of 200 people, he laid off almost 170 of them.

So he's down to 30, so it's very challenging times.

So, if you're worried about getting laid off,

here are three strategies that could help you.

Number one, cement yourself in your current position.

If you still have a job right now, now is the time

to step up, now is the time to be proactive

because some income is better than no income.

When you get laid off, you don't know how long

it's going to take and you don't know how long

before you find a new job and generate income.

In the meantime, what are you going to do?

So now it's time to step up, what do I mean by that?

Now it's time to communicate with your supervisor,

your manager, your CEO, whoever is managing you,

leading you to communicate and say, you know what,

I don't mind working, I want to take on more responsibility

I want to take on those tougher assignments.

they're looking at okay, if they have you and someone else

but you actually stepping up and they can see that

you want to fight with them in a company, chances are

Normal is out the window, there's no normal anymore, right?

How many hours you work, how much effort that you put in?

If you want to survive, if you want to fight,

Yes, it means that maybe you need to work from home.

Yes, it means that you need to work through the weekends.

Yes, normal is out the window, to keep your current job,

you need to deliver extra value and you need to communicate

with the manager and supervisor and saying that

you need to wear multiple hats, maybe you were hired

to do certain things and now with so many people gone

and so many people being laid off, maybe you need

to take on a couple more things, it also means that maybe

Yes, it might mean that you need to volunteer

You see, again, some income is better than no income,

Let's say you're making 4000 a month right now,

you lose 1000 a month, you're still making $3,000

versus you lose all $4,000 and you don't know,

Maybe it's two months, three months, four months,

five months before you have any income coming in,

that will be very challenging for most families.

In my previous video, I talked about this.

I recommend anybody to have at least, at least three

to six months or even a year of living expenses in cash

in your emergency fund account that you don't touch.

Now is the time to start that emergency funding.

Also, now is the time to leave enough to talk to your banks

to talk to the financial institutions to get

a line of credit if you don't already have one

or the increase the limit, to increase the limit

on your credit card, to ask for the equity loan.

Not that you want to use it, hopefully you don't need

to use it, but you want to be able to have access

to funds when you do need it in times like this,

Subtitles ListPlay Video

I'm Scared Of Losing My Job...What Do I Do?

essential

tough

crisis

impact