Got Fired? Here’s Advice from Someone Who Was Downsized and Thrived

The author shares her personal story of bouncing back after losing her job

Lynnette Khalfani-Cox, The Money Coach

Author and money coach Lynnette Khalfani-Cox (Courtesy of subject)

These are the three best steps you can take in the immediate aftermath of getting fired. You’ll do lots more later, of course. But by taking these steps right away you’ll best position yourself to survive – and even thrive – after being downsized.

I’m living proof that life doesn’t end just because you got terminated.

In fact, my downsizing led me to start my own business and launch a highly successful career as a Money Coach. I’m now getting paid far more than my corporate job, enjoying a great deal of personal and professional freedom, and doing exactly what I love on my own terms.

And since I’m the boss, I never have to worry about a pink slip again.

Lynnette Khalfani-Cox is founder of the free financial advice blog and is a weekly contributor to

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  • WriteMoneyInc

    Excellent advice. I agree with taking some time to read over your severance package before signing it. However, don’t wait until the deadline to sign passes as you might forfeit any severance $$$. Apply for unemployment early is another excellent tip as when you apply might impact how much you get as many unemployment offices base your weekly payments on how much you earned over the last 3 to 4 quarters. Great article.

    WriteMoney Inc