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Living Well in a Down Economy for Dummies (For Dummies (Business & Personal Finance)) PDF

27 Pages·2008·0.33 MB·English
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01_401170-ffirs.qxp 7/24/08 12:29 AM Page iii Living Well in a Down Economy FOR DUMmIES‰ by Tracy L. Barr 01_401170-ffirs.qxp 7/24/08 12:29 AM Page ii 01_401170-ffirs.qxp 7/24/08 12:29 AM Page i Living Well in a Down Economy FOR DUMmIES‰ 01_401170-ffirs.qxp 7/24/08 12:29 AM Page ii 01_401170-ffirs.qxp 7/24/08 12:29 AM Page iii Living Well in a Down Economy FOR DUMmIES‰ by Tracy L. Barr 01_401170-ffirs.qxp 7/29/08 11:00 PM Page iv Living Well in a Down Economy For Dummies® Published by Wiley Publishing, Inc. 111 River St. Hoboken, NJ 07030-5774 www.wiley.com Copyright © 2008 by Wiley Publishing, Inc., Indianapolis, Indiana No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8600. Requests to the Publisher for permission should be addressed to the Legal Department, Wiley Publishing, Inc., 10475 Crosspoint Blvd., Indianapolis, IN 46256, 317-572-3447, fax 317-572-4355, or online at http://www.wiley.com/go/permissions. Trademarks: Wiley, the Wiley Publishing logo, For Dummies, the Dummies Man logo, A Reference for the Rest of Us!, The Dummies Way, Dummies Daily, The Fun and Easy Way, Dummies.com and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and/or its affiliates in the United States and other countries, and may not be used without written permission. All other trademarks are the property of their respective owners. Wiley Publishing, Inc., is not associated with any product or vendor mentioned in this book. LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF THE CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITHOUT LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR OTHER PROFESSIONAL SERVICES. IF PROFESSIONAL ASSISTANCE IS REQUIRED, THE SERVICES OF A COMPETENT PROFESSIONAL PERSON SHOULD BE SOUGHT. NEITHER THE PUBLISHER NOR THE AUTHOR SHALL BE LIABLE FOR DAMAGES ARISING HEREFROM. THE FACT THAT AN ORGANIZATION OR WEBSITE IS REFERRED TO IN THIS WORK AS A CITATION AND/OR A POTENTIAL SOURCE OF FURTHER INFORMATION DOES NOT MEAN THAT THE AUTHOR OR THE PUBLISHER ENDORSES THE INFORMATION THE ORGANIZATION OR WEBSITE MAY PROVIDE OR RECOMMENDATIONS IT MAY MAKE. FURTHER, READERS SHOULD BE AWARE THAT INTERNET WEBSITES LISTED IN THIS WORK MAY HAVE CHANGED OR DISAPPEARED BETWEEN WHEN THIS WORK WAS WRITTEN AND WHEN IT IS READ. For general information on our other products and services, please contact our Customer Care Department within the U.S. at 800-762-2974, outside the U.S. at 317-572-3993, or fax 317-572-4002. For technical support, please visit www.wiley.com/techsupport. Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic books. Library of Congress Control Number: 2008933743 ISBN: 978-0-470-40117-0 Manufactured in the United States of America 10 9 8 7 6 5 4 3 2 1 01_401170-ffirs.qxp 7/24/08 12:29 AM Page v More For Dummies Titles to Keep You Living Well When Times Are Tough 401(k)s For Dummies, by Ted Benna and Brenda Watson Newmann (Wiley) 529 & Other College Savings Plans For Dummies, by Margaret A. Munro, EA (Wiley) Auto Repair For Dummies, by Deanna Sclar (Wiley) Canning & Preserving For Dummies, by Karen Ward (Wiley) Cool Careers For Dummies, 3rd Edition, by Marty Nemko, PhD, and Richard N. 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Caher (Wiley) Personal Finance Workbook For Dummies, by Sheryl Garrett (Wiley) Reconstructing Clothes For Dummies, by Miranda Caroligne Burns (Wiley) Resumes For Dummies, 5th Edition, by Joyce Lain Kennedy (Wiley) Slow Cookers For Dummies, by Tom Lacalamita and Glenna Vance (Wiley) Stress Management For Dummies, by Allen Elkin (Wiley) Telecommuting For Dummies, by Minda Zetlin (Wiley) 01_401170-ffirs.qxp 7/24/08 12:29 AM Page vi Publisher’s Acknowledgments We’re proud of this book; please send us your comments through our Dummies online registration form located at www.dummies.com/register/. Some of the people who helped bring this book to market include the following: Acquisitions, Editorial, and Media Composition Services Development Project Coordinator: Erin Smith Senior Project Editor: Layout and Graphics: Erin Zeltner Christina Guthrie Proofreaders: Melissa Bronnenberg, Acquisitions Editor: Lindsay Lefevere Christopher M. Jones Senior Copy Editors: Sarah Faulkner, Indexer: Broccoli Information Mgt. Danielle Voirol, Victoria M. Adang Editorial Program Coordinator: Erin Calligan Mooney Technical Editors: Joseph Nierman, Karen Bartholomew Editorial Manager: Christine Meloy Beck Editorial Assistants: Joe Niesen, David Lutton, Jennette ElNaggar Cover Photos: ©Corbis Cartoons: Rich Tennant (www.the5thwave.com) Publishing and Editorial for Consumer Dummies Diane Graves Steele, Vice President and Publisher, Consumer Dummies Kristin A. Cocks, Product Development Director, Consumer Dummies Michael Spring, Vice President and Publisher, Travel Kelly Regan, Editorial Director, Travel Publishing for Technology Dummies Andy Cummings, Vice President and Publisher, Dummies Technology/ General User Composition Services Gerry Fahey, Vice President of Production Services Debbie Stailey, Director of Composition Services 02_401170-ftoc.qxp 7/24/08 12:29 AM Page vii Contents at a Glance Introduction ...................................................1 Part I: Facing Off Against a Recession .............9 #1: Determine Your Net Worth...............................................................11 #2: Calculate Spendable Income............................................................13 #3: Create a Monthly Budget..................................................................20 #4: Breathe Away Tension ......................................................................24 #5: Tense Your Way to Relaxation .........................................................26 #6: Stretch Away Your Stress .................................................................30 #7: Lift a Finger for Self-Massage ...........................................................32 #8: Practice Habits of Effective Stress Managers ................................35 Part II: Bumping Up Your Bring-Home ...........37 #9: Update and Customize Your Resume..............................................39 #10: Make Your Resume Stand Out .......................................................43 #11: Get Acquainted with New Interview Trends ................................46 #12: Stand Out in an Interview...............................................................49 #13: Nail the Video Interview .................................................................52 #14: Make the Most of a Phone Interview ............................................54 #15: Look for Good Jobs Online.............................................................56 #16: Look into Federal Jobs....................................................................59 #17: Prepare for a Career Change ..........................................................60 #18: Figure Out What You Really Want to Do .......................................62 #19: Persuade Your Organization to Let You Telecommute...............65 #20: Find Telecommuting Work .............................................................68 #21: Consider Self-Employment .............................................................72 #22: Get Acquainted with Home-Based Businesses ............................74 #23: Get New-Business Cash Flowing....................................................76 #24: Steps to Take before Leaving Your Job.........................................79 #25: Take Tax Deductions on Home-Based Businesses ......................82 #26: Ensure the Survival of Your Home-Based Business in Tough Times .................................................................................85 #27: Choose between Itemized and Standard Deductions .................87 #28: Boost Your Household Income ......................................................89 02_401170-ftoc.qxp 7/24/08 12:29 AM Page viii Living Well in a Down Economy For Dummies viii

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