This past February
Tonya Harding, the once disgraced Olympic figure
skater, made headlines again. Once for being a new
mom, and then again for
being broke. The 40 year old, first time mom has been working as a
commentator for truTV's "The Smoking Gun Presents: World's Dumbest", but
it seems that may not be providing enough income to meet the family's
Tonya and her husband Joe reportedly moved into his
sister's home before their son was born.
No career Plan B.
Tonya get into this financial predicament? To answer that you have
to look at what
Tonya devoted the first 24 years of her life to.
started skating at 3 and was in her first skating competition by
the age of 5. 19 years after
her first competition she was ready for the
Olympic competition. Having spent all of her energy on cultivating a
skating career, Tonya became lost after losing her that career for good.
She obviously had no back up plan or other marketable skills on which to
fall back on.
Tonya had even dropped out of high school during her sophomore
year while training for National competition, but later earned a
GED, but didn't pursue further education.
Since her skating demise in 1994 she hasn't been involved in much. She once appeared as a professional wrestling manager, and
had a small part in the movie Breakaway. She tried to start a band, but
ultimately failed. In March 2008 she got a job as a commentator on TruTv.
The result appears to have ended up being financial hardship for
Tonya Harding isn't the only one
Unfortunately, we've seen this same scenario happen to lots of good
people. Not because they were involved in a physical attack on a
competitor, but because they didn't have a plan B. The Great Recession
caught lots of talented people by surprise.
millions of people learned over the last several years is that anyone can
be threatened or hurt economically. It is a mistake to relax into a
comfort zone at work or fail to plan for economic "what ifs".
Understanding what is at stake.
The minute your income is taken away, your “resources hour glass” is
turned upside down, and the emergency funds, savings, and other assets you
had stockpiled are now being drained away right in front of you. Your goal
is to turn the hour glass back upright as quickly as possible and restock
your resources. You can do that by preparing yourself: making yourself
more marketable and self-sufficient.