Being over sixty and out of work can be a very daunting experience. I want to expose some issues and then offer options.
Your Home is Your Castle
Home ownership has been a tenant of being middle class. Unfortunately, we have traditionally recovered from recessions by moving to where the jobs exist. That has not happened in this recovery. The house is a giant boat anchor!
Note: I originally wrote this post in April 2013. It was updated in December of 2017
We have the lowest level of mobility since this has been measured. The collapse of the housing industry has frozen many in their homes.
On the other hand, I live in Austin, Texas. We did not experience the housing bubble to the extent the rest of the country did. I was talking with an over sixty and out of work woman whose profession can no longer be found in Austin, but she is bound and determined to stay here. She loves her house and lifestyle.
There are times when it is time to throw in the towel and move.
Yeah, yeah, I know you love the big house, yard, garage to store all of your stuff!
Is your home a boat anchor?
I Need a Job that Will Last 10 Years Until I Retire!
I hear this over and over. It ain’t happening! A little over ten years ago Facebook did not exist!
What skills will be required in ten years? I do not have a clue?
I just read the Intuit 2020 report that stated that 40 percent of the workforce will be freelancers or contractors by 2020.
Note: The Intuit 2020 report was written in 2010. It is almost spot on with most of its predictions.
We have seen creative destruction accelerate at an amazing rate. I wrote about creative destruction in my post, Surviving Creative Destruction in the 2nd Half of Life. Your next job will not last 10 years because there is a high probability that it will be SMACed. Social, Mobile, Analytics, and Cloud.
Are you ready to freelance or work contracts?
Are you a Knowledge or a Service Worker?
The Great Reset as described in Richard Florida’s book The Great Reset: How the Post-Crash Economy Will Change the Way We Live and Work states that we are rapidly moving to two-tier employment scheme:
- Knowledge workers
- Service workers
The middle tier skill jobs are being replaced by automation. I just saw an article that stated that manufacturing is returning to America but just not the manufacturing jobs.
If you are over sixty and out of work you really need to assess whether you are a knowledge or service worker. If you want to be a knowledge worker you may very well need to beef up your skills! There is nothing wrong with being a service worker. It just does not pay as well!
You cannot buy happiness!
Downsize everything! We sold the big house and bought a condo. Greatly reduced our living expenses. I traded in my 2003 Honda Element last year for a two-year-old Subaru Outback and my wife drives a Honda hybrid. I drive 3-4000 miles a year. We spend half of what we used to spend. By the way, we are happy!
Expand your geographic boundaries. Like I stated earlier, I live in Austin Texas. Austin is still a government/university town. The metro area is over a million people, but we have little manufacturing or distribution, few major company headquarters, and lots and lots of small businesses.
In the last few years, Dell, which is headquartered in Round Rock just North of Austin, has cut back on their manufacturing, and therefore, they have let go some very talented logistics people. There are not a plethora of logistics jobs in Austin. I tell them to look to relocate. They do not want to relocate!
Part of my business plans is to move abroad and take my business with me. You can read about the process in the following posts:
- How to Move Abroad and Take Your Job With You
- How to Move Abroad and Take Your Job With You – Part II
I created Career Pivot to be a virtual business where I could serve my clients from anywhere. I am now creating an online community where those of us in the 2nd half of life can gather together to support one another and I can provide training and group coaching.
We Are Moving!
Yes, my wife and I have decided to move to Ajijic Mexico in 2018. The decision centers around cost of living, health insurance and taxes in the United States. You can learn more by listening to the podcast Why The Millers are Moving to Mexico and How They Will Do It! [Podcast]
You Do Have Options
Jobs are changing and moving around the world. You may have to move to the job!
If you are over sixty and out of work, are you willing to relocate? At your own expense? Are you willing to have a sense of adventure and relocate abroad?
Be prepared to freelance. With the right skills, many employers will hire you for 6-12 month contract positions. I have two former clients who have their project manager certification, PMP, and are happily working 6-12 month contracts. I know of many people doing this today!
Build an Online Business – In 2017, I joined the Flipped Lifestyle community to assist me in creating the Career Pivot Community. This is two former Kentucky school teachers who help people build online businesses, primarily membership websites, to assist their members in flipping their lifestyles.
I know this is the message you want to hear! The world is changing, and it is not going to stop for you.
I am now over 60 and this is not what I expected when I wrote this post in 2013. I am drinking my own Koolaid and moving where it make the most sense.
Have I missed something? You tell me by leaving a comment…. please. Particularly, if you are over sixty and out of work!Marc Miller