In today’s economic crunch, we should always prepare ourselves for any event affecting our personal finances. There’s no such thing as job security. Small companies close shops and bigger companies sometimes need to trim down employees. Even government is rationalizing and getting rid of redundant organizations and positions. In events like these, we have to thank for rakets or freelance jobs to cushion the effects of loosing a permanent job.

The small income stream saved from rakets can help a lot in preparing you to look for another permanent job, if that is your choice. Sometimes these rakets or freelance jobs can even help you jump start your own business. Another option is to continue your rakets in a semi-full time status or you may even want that to be your full time job. Nevertheless, it pays to have part time jobs for additional income and as fall back in preparation for a worse-case scenario.

These came to mind as I am about to end my contract with a government program this December. I was a little worried at first but when I thought of my other part time jobs, I got to relax. It’s still six months from now so I have enough time to look for another fulltime job. The income I get from my rakets will be saved and used in the event that I will not get hired for a few months. Thank goodness for rakets!

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