NO WORK DURING QUARATINE

“Where do I turn?”


THE MELTDOWN

The recent outbreak of the Corona Virus stemming from a small local marketplace in Wuhan China has put the world on lockdown. And as a citizen of New York City, this city has been the hardest in America. And with that, has come a wave of unemployment. It has now left people from all over the country wondering what to do now. Because I know for me, I still have a job. But so so many that’s not the case. I have never been in this position so it’s kind of a no man’s land. And for most people this is a new reality. So, let’s go through the steps to being able to get yourself through this troubling time? The first step is to apply for unemployment.

UNEMPLOYMENT UNDER COVID-19

In order to apply for unemployment, there are a number of steps to go through when filing. The first step is to go to the Department of Labor and sign up for an account. You will have temporary password sent to your email account. Sign into your account and then you’ll be prompted to create a new password. Once into the account tou created, understand that you have a specific time period to call or file. That is based off of your last name which means you call corresponding to that date. For example, my last name is a J, that means I call on Tuesday. So when you call, be prepared to wait a while.

BE PRECISE WITH INCOME

You have to know before calling how much time you work and the amount of money you make in a two week span. This is important because then they’ll be able to calculate what your unemployment can be. Now, they will look into you, and if you’re off, the process takes longer. So be open and honest up front so the process goes a little smoother. And if you manage to go through the process and get unemployment, remember it’s only 55% at most of your income. This is not meant for you to be unemployed. This is why the percent gets cut in half. It’s to encourage working. Now, this situation is difficult because the government shut down the country. This forced people to lose jobs. So it’s no fault of the unemployed. Yet, the percentage still stands.

A WHOLE NEW WORLD

Americans have not experienecd this much lost since 2008 when the economic recession forced out of work and out of their homes. Only this time it’s at no fault of the people. And the help which people will get is minimal and one time only. Now, the market go back to its original point, yes. It may take a year or more. The nation will return to success. But for now it’s going to be a struggle.


Personal Website: http://www.faheemjackson.squarespace.com
Instagram Me: @theefaheemjackson; @faheemphotography
Twitter Me: @2320howe

WHEN IT ALL COMES CRASHING DOWN

Brown Cardboard Box on Floor

“When the machine breaks.”


WHEN IT’S GONE

We all dread the idea that we could lose our jobs. And considering most people live for their checks, you can understand the fear of those who do. Now, if you’re one of those blessed people who just happen to earn a little money to get you over, then count your lucky stars. But for most people, they need their job to survive. We never think to ourselves that we could lose our jobs. We go there everyday, with this idea that it could never be me. That is until your name is called. And the scary part about it, is that we have no way of stopping it. But how do you prepare for a situation that may never happen to you?

SAVE SAVE SAVE

You get your check and pay your bills, then you go out to eat or shopping. And you don’t realize throughout the year how much money you spend on miscellaneous items. And we don’t put much in savings. That is until the job is gone and now we are scrambling for ways to live. The average American only has enough money in their savings account to hold them over for a few weeks in case they lose their jobs. After that, most people are forced to sleep in the street. But is having a savings something you can truly dig in to when you need it? Are you really secure when you feel you’re secure? What if you’re unemployed for 6 months to a year? That is a stretch to be able to save for in the case you lose your job. And to build capital for the ability to live that long is not as easy as it seems.

A LITTLE SOMETHING ON THE SIDE

If you can find a way to make an additional $200, $300, or even $400 per week, it really helps. Now, how you’re going to do that is the hard part. But in our everyday lives, waste a lot of time doing nothing. With that nothing we can figure out how to make money doing something we enjoy. No amount of money is too small. It seems small in the paradigm of building it, but if something bad happens, you’ll be surprised what it can do for your life. Just keep in mind when you go to work, nothing, absolutely nothing is guaranteed. Never get too comfortable in this ever changing environment.


Personal Website: http://www.faheemjackson.squarespace.com
Instagram Me: @theefaheemjackson; @faheemjacksonphotography
Twitter Me: @2320howe

THE DAY IT ALL STOPS: ARE YOU PLANNING FOR RETIREMENT

 

Person Holding Rod

“The show will end some day.”


hang it up

Your job will eventually end in life. And what I mean by that is retirement. There will come a day you can no longer do the things you once did in life. You will stop and everything you have ever come to know stops. Now, that does not mean you can’t continue to learn. It just means that the life that has sustained you for decades will stop. You might have worked construction for years, and now that you’re close to retirement, what will you do now? So people occupy their time taking up a hobby, while others take on a less strenuous job. Then you have the chosen few who do nothing but watch television all day in the rocking chairs.

401k

How long have you been working and paying into the system thus far? Are you ready to retire or do you still have to work? Because a lot of people work their entire lives and realize toward the end, they can’t stop working. You have been busting your tail for decades, now you may have to work an additional 5 – 10 years. Some people find themselves in positions where they can never retire. Imagine that, working until the day you die. That is no way for any human being to live. I remember growing up seeing elderly people, standing on the bus stop, forced to work well into their 80’s when they should have been retired at 65 years of age.

til the end

No one wants to think of their end, but we will all die some die. And the reality is, is that most will live until their elderly years. Hopefully when you reach that point you can reflect on all the great things you have done in your life. The great career you had, and all the accomplishments that came with it. And this is when you can hopefully come to grips with the fact that you will be gone, but the great things you did will continue on.


Personal Website: http://www.faheemjackson.squarespace.com

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe