HOW RISKY ARE YOU: TO QUIT OR NOT QUIT YOUR JOB

Since the pandemic many have had an awakening of becoming their own boss versus working the current job they have. They had an epiphany about what they missed out on, financial freedom, flexibility, and being appreciated. However, depending on who you ask there may or may not be a right or wrong way to go about it.

The Risk Taker

First you have those that says I’m going to bet on myself. I’m tired of working a 9-5. I want to be my own boss. They want the flexibility to work or create when they are most effective. The risk taker also is someone who has many ideas, creative, and very social. They have much confidence in themselves and says I’m going to win no matter what. The risk taker says if you have a plan B, then you aren’t putting all your efforts into Plan A. So of course you’re going to have to rely on Plan B one day. FINANCIAL MINDSET: WHICH ONE ARE YOU?

As Steve Harvey once said, “If my plan A doesn’t work then I’ll create another plan A.”

There isn’t a certain time to be stable to branch out on your own. Anything can happen. The more you try to work and save until you have enough, the longer you’re prolonging your dream and happiness. The comfort will always have you pushing back the deadline to begin your own.

The risk taker may also feel the company can shut down at any moment. They can lay you off without warning. Cut positions, hours, and benefits. Then where will that lead you.

The Cautious One

Next, we have those that says I have a family and bills. What about insurance. What if something happens. They are used to that guaranteed amount and needs that security “just in case.” It’s best to save at least six months, some say, before quitting your job. You need to make sure you’re financially secure and the family is stable while pursuing your dream. It’s all about security and comfort.

So do you quit your job and bet on yourself? Or keep that stable job until you feel you’re ready to stand on your own. Either way there are pros and cons to each. Depending on your life, lifestyle, circumstances, financial status, and many other factors. They both have the same end goal. To be financially free and to have something to pass down to their children. Doing what they love. Having fun. At some point working minimum hours while receiving maximum profit.

I’m a believer in your job or career should fit into your life not your life fitting into your job.

Which mindset are you? Quit or not?

RosalynLynn

Be you so you can be free.

FINANCIAL MINDSET: WHICH ONE ARE YOU?

After hearing two coworkers different point of view about finances, budgeting, and saving it had me think about my point of view on finances. Which mindset of the financial spectrum did I fall on? One coworker said she only lives once. Therefore, she buys what she wants, when she wants, and doesn’t particularly save. She pays her bills in full every month. After that, she and her husband live their life. They didn’t believe in the rainy day. “I can’t take the money with me when I die.” Hmmmmm…….

The other coworker was on the complete opposite end of the financial mindset. Her and her family budget everything every month down to the entertainment, eating out, and extras. She said if she goes to the store and get to the counter and the total is over what she planned she will stand there and determine which item she needs less and put it back. Whenever the budget runs out for that category, that is it until next payday or it’s time to budget again. They also have a set savings amount each month. “We just don’t know what’s going to happen.” Hmmmmmm……

So that leads me to the question of which mindset are you?

A. Tomorrow isn’t promised so I’m going to live each day like it’s my last. I’ll worry about tomorrow and what is needed then.

B. I like to be prepared and make sure I have everything I need. I never know when an emergency or unexpected situation or expense may occur.

C. Some where in the middle.

D. Haven’t thought about it.

What’s your financial mindset? Which aisle of the spectrum do fall on? QUICK FINANCIAL WELLNESS TIP

RosalynLynn

Be you so you can be free.

QUICK FINANCIAL WELLNESS TIP

I don’t know who need to hear this but you can’t solve money problems with money. A quick wellness tip for you on this Wednesday, is to stop trying to figure out how to get more or make more. The more money you make, the more bills you have, the more debt you’ll have.

Yes, the world seems to have taken us all by storm, again. But to stay ahead and get ahead you must change some daily habits. First is changing or shifting how you feel about money. What is your relationship with money? Secondly, look at your daily spending. Is it necessities or wants? What can you do to cut back? Have you been budgeting? When was the last time you tracked your spending. https://amzn.to/3mQ1uh7

To be honest, you’ve probably been working overtime to make ends meet, has it worked for you? Or have you found yourself in the same spot that you were in last pay period? Meal planning, grocery planning, car pooling, and daily household planning are good beginning steps to begin your financial wellness journey. Also, playing catch up is never a good idea. If it’s food items, cleaning products, hygiene products, or even gas, not letting it run too low or get empty is key to keeping your nose above water. Money Jar Saving Method for easy saving

I know this is extremely difficult. Milk is even out of budget. Think about meals that can last for two days or have leftovers that you can cook. Make a plan to only go to the store once a week or every two weeks depending on your budget and family needs. That will save on gas. In return, the less trips to the store, the less you spend. Google events and activities in your area to go to for free. You and your family can still have fun and enjoy life.

I know this is a difficult time. But just as with anything else, this is only temporary. Making the choice to tackle it and be proactive instead of reactive will help ease stress and pressure. Start with tracking your daily activities, what’s coming in and going out, and then create a plan. “If you fail to plan then you plan to fail.” #healthiswealth #financialwellness

Have a great day everyone!!!!!

RosalynLynn

Be you so you can be free.

YOU HAVE EVERYTHING YOU NEED TO START A SIDE HUSTLE

Within the last year and half the idea of a ”side hustle” has really been pushed. There is so much advice, tips, and tricks on how to begin a side hustle that could make one overwhelmed. The one thing that you need to know if you want to create a side hustle is that you have everything you need to begin.

Most of the time people side hustles are what they are passionate about or some hobby that they enjoy. Well you can do that with what’s in your home. Whatever you are good at you can begin to create and sell. You have everything you need to start a side hustle and let the money work for you.

To begin with the obvious, many want to start their own Youtube channel. Well you can. You have a phone and it records. So you have what you need to begin. You have a story to tell that inspires someone. There is also a gift in you that is ready to come out. I know there are many who started their Youtube channel just using their phone. You don’t need to spend money on equipment to begin. That will come when it’s time.

The next is to start a blog. Once again you have a phone or IPAD, then you can begin to create your own story on the web. We have to get out of our head that we need all the bells and whistles to begin. When in actuality, if we had the bells and whistles we wouldn’t know how to use them correctly. Yes, there are some who started their blog on their phone or whatever device they had handy. By the way, your story is what’s going to capture your audience. You already have everything you need.

Next, side hustle you can do because you have everything is retail reselling or selling what you no longer use or need. There are many platforms and apps you can download on your phone that you already have, to begin selling items in your home and closet that you no longer use. Go through your home and pull everything that you haven’t worn or used in a year. I guarantee you, you will generate additional income. Your phone allows you to download the app, take photos, edit the photos, upload photos, create the listing, and sell the listing.

If you are good at baking or cooking, you can use your phone to market yourself on several apps you already use to cater events. Begin locally and let it grow. You have everything you need to create a free website to sell whatever goods or services you are good at. Self Care: Hobbies and Activities After all, we all have something we are good at.

There are so many other ”side hustles” that you can do to generate additional income with what you have. I know you’ve seen many articles and other content on side hustle ideas. You have everthing you need to begin. We all have something that we are passionate about. Furthermore, we all have a hobby that we love doing.

Using your talents and gifts that reside in you already, allows you to begin any side hustle you desire. If you’re good at organization, creating travel plans, planning, transcribing, writing, or many other ideas you can begin now. Use what you have to begin. Please don’t make the mistake of thinking you have time. On the other hand, thinking you need money and resources to begin. Build yourself up and you’ll enjoy the process.

P.S. This is not a post to tell you you should start a side hustle, its for those you’ve been thinking about it. They are waiting for the right time, or when they get the money to begin.

RosalynLynn

Be you so you can be free.