6 of 7
BACKNEXT
Jason Eldridge - ~60%
Jason Eldridge - ~60%
Jason Eldridge (right).
Old Job: Personal banker - $40,000
New Job: Cook - $8/hr
Hardest thing to give up: The hardest thing I've had to give up is the freedom that I used to have. To be able to go out and spend money and not to have to worry too much about the ramifications.


"I was working as a personal banker at Chase Bank in Peoria, Ariz., and making $40,000 a year when my roommates and I decided to try our luck and move to New York in June 2008. Little did we know how hard it would be to get a job in banking out there.

To make a long story short, we failed. And I was broke.

My roommates moved back to Arizona, and I moved to Massachusetts to stay with my dad. I thought it would only be a few weeks until I got a decent job. That was seven months ago.

I work at a restaurant, Rebecca's Place Too, making $8 an hour.

This is a vast contrast to where I was a year ago. In Arizona, I was going out every night, having fun. Now life's a lot more simple. I wake up and walk to work because I had to sell my car. I don't go to restaurants or bars anymore. I canceled my Internet, and I use the library computer. I cut back the plan on my phone.

I would tell people that if you have money, save it right now. You never know what's going to happen." - as told to Lara Moscrip

NEXT: Jarrod Posner - 70% pay cut
Last updated January 12 2009: 3:07 PM ET
More Galleries
Cars that sold for millions at the Scottsdale auctions These were the highest prices paid for collectible cars -- and a bus -- at the Scottsdale auto auctions. More
The best of SkyMall This catalog is always packed with ridiculous items that we just can't live without. More
Blue collar entrepreneurs These five entrepreneurs took their blue collar experience and used it to launch innovative businesses. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.