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
9 reasons to be hopeful about women in tech These startups are working to leverage technology to level the playing field for minorities and women in tech. More
10 best states to retire in Forget Florida. Residents of these states are happy, safe, and have good health care -- all for the right price. More
5 celebrity-backed startups Jared Leto, Patrick Dempsey, Nas and Will.i.am have at least one thing in common. They're all startup investors. More

Special Offer