Had Money, Now Broke

I have not worked since Sept. 08.  I have a college degree but no job.  I am turning 40 soon and I might have to move back in with my parents.  Pathetic.  America is ruled by the rich.  If you don't believe that, wait a couple of years and you'll be out of a job, too.

 

readsomething readsomething
41-45, M
5 Responses Mar 9, 2009

I sympathize. Despite mutiple degrees (BA, MA, JD), I've never made much money -- and if it weren't for my parents and my wife, I'd be homeless. Unfortunately, after I'd busted my *** in law school (and accumulated massive student loan debts), it took me years to get hired by a law firm. (I literally sent out THOUSANDS of resumes, etc.) When I did land an associate's position, the salary was very low, and I had to commute 66 miles each way daily. However, less than a year later, when the firm's business declined --I was laid off before I could even put a debt in my debts.<br />
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More bad luck continued, but despite my best efforts (I tried other fields, etc.) I was never able to get anything other than rock-bottom telemarketing jobs and crap like that. (Believe me -- I looked into a myriad of fields.) Eventually, I opened my own office, which consists of the corner in the kitchen in our tiny, disheveled house. Without cash or credit, it's almost impossible to get clients (advertising and marketing aren't free), so, my law practice is a ******* joke.<br />
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For many years, I've made a few bucks here and there as a freelance writer -- but anyone who's ever attempted to make a living as a writer knows just how futile it is for most.<br />
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Although my wife is a steady money-earner (she's a high-level college administrator), the cost of living is quite high here. (Moving is not an option for a variety of reasons.)<br />
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Now, at 52, I'm running out of time and hope for a good life. And -- for those who might suggest it -- I'm already living more "simply" than I care to, thank you very much!<br />
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I grew up in a fairly affluent family -- not super-wealthy, but as the son of a physician in a small town in the Southwest. My wife grew up wealthy -- at least until her dad died young and her mom fell apart at the seams. We bought into the myth of "upward mobility."<br />
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For me - it's been DOWNWARD MOBILITY -- and it sucks.<br />
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When you've been beaten down financially for decades, there comes a point where you just can't get up anymore. I'm there.<br />
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On the Internet, one sees continual articles about investment portfolios, vacation destinations, retirement, blah, blah, blah....<br />
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How do you "invest" when you can't even pay the utility bills?<br />
What's a "vacation?"<br />
"Retirement?" Can you "retire" from decades of low-income self-employment and absurd under-employment?<br />
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Yeah, this a land of great ******' opportunity all right -- for someone else. Time to crack open another beer.<br />
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If anyone's sympathetic out there, let me know. (If not, then STFU!)

I do know where you are coming from.......yes look outside your field.<br />
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Maybe consider your location, find needs in your area and become self employed.<br />
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I am retired now, but not enough income to live on.......my passion is cooking, and now I have a part-time job selling cooking ware.....even though I have a college degree

We must be able to learn to live wiyth less.....A simple life can be quite rewarding.....You can have the good life if you really want to....Just depends on what you call the good life.....Please feel free to read some of my stories.....I lived in a tent for two years...No one knew other than the ones that we wanted to know.....And even was treated live Royalty at Disneyland during that time....hehehehe You can have a good life....If that is what you really want to have...And you try....use the brains that God gave you....And learn to live simple

We must be able to learn to live wiyth less.....A simple life can be quite rewarding.....You can have the good life if you really want to....Just depends on what you call the good life.....Please feel free to read some of my stories.....I lived in a tent for two years...No one knew other than the ones that we wanted to know.....And even was treated live Royalty at Disneyland during that time....hehehehe You can have a good life....If that is what you really want to have...And you try....use the brains that God gave you....And learn to live simple

I am sorry to hear of your situation, its hard. I have a friend of mine in the same situation only worse. He was made redundant about 15mths ago and has failed to get a job with the same salary and has now decided to just take anything to keep him going. Anyway I hope you find another job soon. Good luck.