Personal Development, Business, Finance, and Investing for Everyone
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Before you quit your job, make sure that you have a financial backup plan. But how can you save up enough to pursue your desired career path?
Truth be told, a 9-to-5 job isn’t really a one-size-fits-all thing. As much as having a regular job gives you the certainty of a monthly income and all those perks, not everyone is bound to work in a rank-and-file job forever. Some people might opt to be the boss of their own and come up with their own business ventures, while others might pursue being a freelancer to be in control of their own time.
Regardless of the career path you choose, making ends meet holds true. So, before you quit your job, make sure that you have a financial backup plan.
But how can you save up enough money to leave your job and pursue your desired career path?
Make Sure To Have A Steady Stream Of Income
Having a job may do you good, but juggling a few more part-time jobs and freelance gigs can certainly boost your savings in no time.
Aside from adding to your funds, you also get to make room for emergency expenses and, ultimately, avoid running out of cash on hand.
Improvise And Do-it-Yourself!
Eliminating some costs that you can improvise can do the trick. Consider cutting back on your daily morning trips to Starbucks and making yourself your own cup of coffee in the meantime instead.
Skipping unhealthy fast food chains also helps your bank account, not to mention improves your health.
With credit cards and installment payments available today, shopping without the need to have cash on hand is possible. However, it can also be damaging when your billing statement arrives.
Be mindful of your expenses by spending accordingly and having a ‘pay cash only’ mindset. If you don’t have the cash, then don’t buy it. This way, it would be easier to stick to your plan.
Leaving your job and starting a new career is one big step ahead, so you must have all the motivation to be able to achieve this goal. Lay out the reasons you quit your job, how much you’ll need to quit that job, and why you should start a business on your own or be a freelancer instead.
Your motivation will surely help you pursue what you’ve always wanted and keep you from having doubts or second thoughts.
In making a big leap of faith in life, you have to be in it to win it. Of course, leaving your job wouldn’t be that easy, but it pays to have the right discipline to make your dreams come true.
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.