Another alternative is to reinvent yourself. Go back to school, learn a new skill. Just do something besides sending out resumes and certifying for bennies.
It takes money to go back to school. I am learning a new skill on my own - if u read my posting. What bennies? Are u kidding? A friend near my age went back to school - for nursing, believing there is one job that cannot be exported. She graduated a year ago. No nursing job for her yet. Hospitals in her county (Seattle) imported 500 foreign nurses instead of hiring the new local graduates.
that is a very interesting way you put it, if connect the dots, crazy spending get the country into the financial mess it is, so why is bernankee allowed to continue to do it?
How is it that you ended up in a situation where you can't bring in $25K for day trading especially given that you worked in an incredibly lucrative field for many years, perhaps during its first incredible boom? I would like to understand how you got here from there. My sincere apologies if I offended you earlier, regardless of how you got there, it's a fucking tough situation. I wish you the best. At the time, it was something like 12am and I thought you were a snotty kid like me. I hate snotty kids who complain. At the same time, wanting to go to Iraq and contribute to the mass destruction of a country for your own benefit puts you in a special place, but hey, that's capitalism. Also, since you worked in IT, is there absolutely no software products you could create? I sell my own software and it has a ROI between $200-400/hour depending on the month.
Oh, nurses are being attacked everywhere. Where we live, the government has the nerve to fund nurse positions for graduates for 6 months. Absolutely no cost to hospitals. Can you guess what happens when the 6 months are up? Yep, you guessed it! Rotation!
I was a foolish "long-term investor" in the tech crash. Lost most of my assets then. I also spent too much time playing hippie hanging out in different countries instead of working year round in the good times. I don't regret that. What is an ROI? I am not a marketer. I can get some work if I need to, but not work that pay well enough to build up capital. In any case, I need to focus on my trading if am going to stay profitable. In any case, I don't have too long to wait to get Social Security. My trading skills would be great for supplementary income come that time.
Ah, I know a few who went through similar things. That is probably the reason why I shy away from "long term" investing these days. As for playing hippie, I'm sure it is fun, but playing hippie with money is even more fun ROI = Return on investment. Roughly, I get 200-400 dollars for every hour I spend on my software. Not to worry, I'm not a marketer either. The Internet means a few hundred/thousand customers are there, waiting for you to take their money. Good luck with the trading. I agree it will be a good supplementary income. I hope you don't get caught again.
You know, even if you're over 50, have the energy and the know how along with some money. There's really nothing exciting in the way of starting your own business where you aren't basically a cash churner for the various gov't agencies, insurance cos, and expenses that go along with a start up. I just don't feel liike being a donkey. Work 60 -70 hours a week as well as investing money to buy a job and net $10 hour. Everything out there is franchise. You don't see any independent business's popping up & down main street. I've seen a few foreclosures that are in major need of repair that look exciting. Actually, two of them look like someone took out a home equity loan, started to remodel them, ran out of money and lost the place. Unfinished dreams, so to speak. Other than that, in my book, business prospects look gloomy.
100% agree. plus the possibility of the business u start going belly up. as there is a statistic that 70-80% of all small business fail in the first 2 years of starting...in these times of high unemployment, many newbies are taking the plunge to get into a business. when infact they should not . It seems that getting a job , if you can is the best business. you get a guaranteed paycheck.. hehe. I was on the lookout for a business. when i was unemployed and analysed many of them.. but none made financial sense.. I still wonder how many of the business i see around are surviving.!.