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Guest Blog by Robert Pagliarini / The Other 8 Hours – Laid Off? Boost Your Network and Increase Your Human Capital

I have personally known Robert Pagliarini for many years, he’s a master of personal growth and am pleased to have him guest post on my personal growth blog. (I am on family vacation until the end of August, so I will be featuring guest blogs until then.)

Guest Blog by Robert Pagliarini / The Other 8 Hours – Laid Off? Boost Your Network and Increase Your Human Capital

My friend got laid off recently. After sulking for a couple of days, she jumped back into the driver’s seat and took control. Here’s what she did and what you can do to boost your human capital, increase your network, improve your outlook, and do some good should you become unemployed.

Her secret? She volunteered some of her time to a non-profit — she gave in order to get. She first invested several days researching dozens of local non-profits. Her criteria:

1. She had to care deeply about their mission;

2. The non-profit had to be small enough that they would value her contribution and she could work directly with the executive staff; and

3. She needed to be able to leverage the organization’s executives and board members.

She found a good fit and contacted the president. When they spoke, she didn’t focus on what she could get from volunteering; she focused on what she could give. She treated it like a job interview. She stressed her strengths and unique skills. She sold herself and told them she wanted to be a part of their organization.

(I’d fall out of my chair if I got a call from someone who said, “Hello, I love your mission and here are all of my skills. I’d love to volunteer my time. How can I help?”)

After a few in-person meetings, she asked them where they needed the most help. Turns out they had been talking about expanding into a neighboring city but weren’t sure they had the right people to do it. Guess who volunteered her time and skills?

My friend went from not knowing anything about the organization or anybody in it to leading the expansion into a new city in a matter of weeks. She is now the “face” of the organization in the new city, which happens to be where she lives. She has organized several events and has become a mini-celebrity in her town and an invaluable member in the charity.

She has access to all of the non-profit’s executives and board members. They love her and want to open their Rolodex to help her. Again, this didn’t take years. It took weeks and an investment of her time. Here’s how to use the same approach:

  • Stay local. Look for non-profits in your community. These will be run by locals — exactly the people you want to meet.
  • Focus on mid-sized organizations. If you’re a tiny fish in a huge non-profit pond, you probably won’t have access to the people you want, and your contribution may not be recognized as much.  Likewise, if the non-profit is too small, it might not have the right type or number of executives. Stick to mid-sized charities that are big enough to have the executives and board members you’d like to meet but not so big that your work gets overlooked.
  • Research the board. Go to the charity’s website and review the management and board member bios. Would you want to meet any of them? Are they the movers and shakers in your industry?
  • Leverage your passion. This is a must. Don’t volunteer your time to an organization that you aren’t passionate about just to get an “in” with a board member. Trust me on this one. It won’t work well for you. You must have a genuine interest in the mission or you’ll look and feel like a fake.

  • Do good work. Just because you’re not getting paid doesn’t mean you shouldn’t do your best.  If you volunteer your web design skills, you’d better come through on a great looking website. If you do event planning, make sure the events you put together are flawless. Pretend you are getting paid twice your normal salary. The work will reflect that, and you’ll get noticed.

This is one of the toughest times to get a job. Often the difference between landing a new job and waiting for the next unemployment check is less about what you know and more about who you know. Invest some of your other 8 hours into expanding your network and doing some good at the same time.

It worked for my friend. She took her best skills and offered them to a grateful charity and in return has expanded her professional network and made new friends. She has since started her own business and immediately had a network of raving fans ready and excited to promote her.

Where can you volunteer some of your time?

Guest Blog by Robert Pagliarini / The Other 8 Hours – Laid Off? Boost Your Network and Increase Your Human Capital

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Who else is as WRONG as an Educated Attorney?

This weekend I had a conversation with well educated attorney, probably around 65 years old, she asked me, “How are you doing in this economy? What do you do?” I responded, “I’m in education and finance; we sell products on saving money and specifically, how to raise your credit score to reduce your monthly payments.” She said, “Oh yeah, I understand all about credit. That is one problem I don’t have to deal with.” She continued by saying, “I only have one American Express card and that’s all I use.” I said, “Well statistically speaking, if you have one credit card it’s going to hurt your credit score.” She said, “I do know that, in fact, I had 11 cards, and I closed them all down.” My response, “Well, statistically speaking when you close down your accounts it will hurt your credit score.” She said, “I did know that, but it’s not a problem for me because I don’t need credit.” From there, I let the conversation die. The bottom line, I hear this every single day. Every day, I hear that, “I’m different.” In reality, if you are living in America, we are all the same when it comes to your credit score. Even though this woman thinks she “doesn’t need credit,” she does and let me explain. Does she have car insurance? Yes, and that could be impacted because of your credit score. Does she have a mortgage? Most likely, and that WILL be impacted by her credit score. Does she have kids? Yes, she had three of them. Most likely, her kids don’t have her resources and if she is teaching her kids this information; they are starting down the wrong path. This woman thinks that she doesn’t have problems, just like the 100M Americans who don’t think they have a problem.

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The 800lb Gorilla – Lending Guidelines!

Yesterday I got a call a money manager from Canada. He said, “I’m so excited that the market’s turning! Inventory of real estate is coming down and banks are lending more! It’s going to be great!” I hate to be the downer here… but there is one thing that everyone is missing: lending guidelines are tougher than they have been for over a decade AND they continue to get tougher. If the guidelines don’t loosen, then there’s no way we’re going to have a recovery like everyone thinks is coming. Last week a lady called me for a loan for $300,000 loan. Her property is worth $2M. That’s a 15% loan to value, meaning there is only a loan on 15% of her home. She’s been in the property for the last 12 years, has $75,000 in the bank, has never been late on her payments, and her credit score is over 720. Per Fannie Mae/ Freddie Mac’s current lending guidelines, she can’t qualify for a $300,000 loan. Why? Because her income goes up and down (she’s an actress). Do you see the problem here? When someone who has lived in a property for 12 years, has great credit, never missed a payment, has $75,000 in the bank (equivalent of 3.9 years of payment), and they can’t get a loan, I think our lending guidelines need to soften before we’re going to see a recovery.

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