Confessions of a Laid-off Lawyer

Just Your Average Joe Blogging Away His Debt—In One Year or Less

Archive for August 12th, 2009

Out of the Box

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Total Black: $901.25 ($500 of which is still for an un-cashed check)
Total Red: $228.069.39

We don’t fall deeply into debt solely on our own.  We have gentle encouragement all along the way—from our peers and their pressure, from the Joneses and their upkeep, from the television and its ads. At this time last year, I couldn’t have been more in the box than if Charlotte Perkins Gillman herself plastered me to the walls. I was earning $160,000 a year working for one of the largest law firms, and one of the most prestigious law firms, in the world.  I was laid-off after only two years with the firm and with more debt than when I started and it just keeps growing.  In retrospect, I, like many others in my shoes, just assumed there’d be a few more good years at the firm before the curtain fell on that stage of our careers.  But what good is retrospect when dealing with times like these?  Not many have seen such times, and frankly a lot of us still aren’t acting like things are that bad—when Starbucks goes under, you’ll know we hit the iceberg!  But I suppose that’s a conversation for another day.

Today—all the creative ways I’ve come up with so far to start thinking outside the box and diversify and increase income streams.
Keep reading . . .