The mortgage subprime fall out has created a smaller pool of buyers and people who can refinance and has hit my former company. I learned that a few weeks ago half of a department (8 people) was let go. Although you can argue most saw the writing on the wall with the subprime mess, this shows the importance of having multiple streams of income.

I know most of these folks have families and some of them don’t have a working spouse because they stay home and take care of the kids. A job cut like that will definitely hurt them.  If they had other streams of income, (which I hope they do), the cut will give them a little bit of time and save them from financial stress of figuring out where to go next.

Since I’m in IT, I would naturally say, make money online. These folks were from non-IT jobs, but that does not mean they can’t start making money online. A simple blog about a topic they are knowledgeable would be a start for them. They would at the least be able to eventually sell text links and put up affiliate links (even if its just for friends and family).

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